Gadgets & Tech Headlines
U.S. Senate bill could give Tesla, GM electric car tax credit boost
WASHINGTON (Reuters) - Tesla Inc and General Motors Co, which have lobbied Congress to lift a cap on electric vehicles eligible for a $7,500 tax credit, could get their way for up to four years under a new proposal from a Republican senator.
Mexican top court rejects ban on cash fares for ride-hailing firms
MEXICO CITY, Oct 16 (Reuters) - The Mexican Supreme Court on Tuesday struck down a ban on cash fares for ride-hailing firms, setting a key precedent for Uber and other industry players seeking to reach millions of Mexicans without credit cards.
EU regulators ask Sony's rivals and users how it might use power after EMI deal
BRUSSELS (Reuters) - EU antitrust regulators reviewing Sony Corp's $2.3 billion bid for EMI are asking rivals and users whether they think the Japanese group would use its greater market power to win better terms in digital media deals.
UPDATE 1-OBITUARY-Microsoft co-founder Paul Allen dies of cancer complications at 65
Oct 15 (Reuters) - Microsoft Corp co-founder Paul Allen, the man who persuaded school-friend Bill Gates to drop out of Harvard to start what became the world's biggest software company, died on Monday at the age of 65, his family said.
SEC warns corporate cyber weakness could violate federal law
WASHINGTON (Reuters) - Public companies that fail to tighten their cyber security controls could be violating federal law, the U.S. Securities and Exchange Commission (SEC) said on Tuesday.
Realpage settles U.S. charges over tenant screening reports
(Reuters) - Realpage Inc, which provides technology to the real estate industry, agreed to pay $3 million to settle charges that its tenant screening reports violated federal credit reporting law, the U.S. Federal Trade Commission said on Tuesday.
Dell maintains plans to go public despite Icahn opposition
(Reuters) - Dell Technologies Inc said on Tuesday it was sticking to its plans to go public by buying back its tracking stock
, a day after activist investor Carl Icahn opposed the move.
Uber IPO proposals value company at $120 billion: WSJ
(Reuters) - Ride-hailing company Uber Technologies Inc [UBER.UL] could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday.
Lyft selects JPMorgan, Credit Suisse for IPO in 2019: source
(Reuters) - Ride-hailing company Lyft Inc has chosen JPMorgan Chase & Co, Credit Suisse and Jefferies as underwriters for its initial public offering, slated for the first half of 2019, according to a person familiar with the matter.
U.S. judge approves SEC settlement with Tesla, Musk; shares jump
(Reuters) - A U.S. judge on Tuesday approved a settlement between a federal regulator, Tesla Inc and its chief executive officer, Elon Musk, over his tweets promising to take the company private, signaling an end to a tumultuous period for investors.
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