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Nvidia shows off smaller artificial intelligence computer for Baidu car
(Reuters) – U.S. chipmaker Nvidia Corp showed off on Monday a smaller and more efficient artificial intelligence computer for self-driving cars, saying it would power Baidu's mapping and autonomous vehicle… See original here: Nvidia shows off smaller artificial intelligence computer for Baidu car Read More →
Japan’s Renesas pushes into autos with $3.2 billion Intersil buy
By Makiko Yamazaki TOKYO (Reuters) – Renesas Electronics Corp on Tuesday said it has agreed to buy U.S. chipmaker Intersil Corp for $3.2 billion, an all-cash deal that bolsters the Japanese group's efforts to refocus the company around automotive chips. Renesas, created from the semiconductor units of several Japanese companies, has amassed a significant war chest since a state fund and... [Read more]
U.S. tells consumers to stop using fire-prone Samsung phones
By Se Young Lee and Jeffrey Dastin SEOUL/NEW YORK (Reuters) – A U.S. government safety agency on Friday urged all consumers to stop using Samsung Galaxy Note 7 phones, which are prone to catch fire, and top airlines globally banned their use during flights. Following reports that the phones' batteries have combusted during charging and normal use, the… Read the original here: U.S.... [Read more]
Apple will not give first-weekend sales of iPhone 7
By Julia Love SAN FRANCISCO (Reuters) – Apple Inc will not release first-weekend sales of its new iPhone 7, the company said on Thursday, making it harder for analysts to get a … Continued here: Apple will not give first-weekend sales of iPhone 7 Read More →
U.S. charges former American Realty executives with inflating results
U.S. prosecutors on Thursday announced criminal fraud charges against two former American Realty Capital Properties Inc executives stemming from a 2014 accounting scandal that wiped out roughly $4 billion of the real estate investment trust's market value. Former Chief Financial Officer Brian Block, 44, was charged with six criminal counts, including securities fraud, conspiracy and making false... [Read more]
Dell to cut 2,000-3,000 jobs as EMC deal closes: Bloomberg
Most of the job cuts will be in the United States, Bloomberg reported on Thursday, citing people familiar with the matter. The layoffs will be mainly in supply chain, marketing and general and administrative divisions, Bloomberg said, adding that the combined company has 140,000 employees. “As is common with deals of this size, there will be some overlaps we will need to manage and where some... [Read more]
Oil edges lower amid scepticism about output freeze
Oil prices inched lower on Wednesday as market participants remained skeptical that producers will reach an agreement to freeze output to rein in a global supply glut. London Brent crude for November delivery was down 4 cents at $47.22 a barrel by 2018 EST, Here is the original post: Oil edges lower amid scepticism about output freeze Read More →
Obama says countries must move in concert on tax avoidance
U.S. President Barack Obama said on Monday that the United States had to move in concert with other countries on the issue of tax avoidance, as some U.S. allies were “racing to the bottom” with their tax policies. The European Commission said last … Original post: Obama says countries must move in concert on tax avoidance Read More →
General Motors settles ignition-switch cases
(Reuters) – General Motors Co said it settled the remaining two ignition-switch cases for an undisclosed amount in a series of six test trials over the defect The remaining trials were Original post: General Motors settles ignition-switch cases Read More →
Formula One sale to Liberty Media to go ahead next week: auto motor und sport
A sale of Formula One to Liberty Media is to go ahead next week, the sport's commercial supremo Bernie Ecclestone told German trade magazine auto motor und sport on the sidelines of the Italian Grand Prix at Monza on Saturday. The magazine said that according to Ecclestone, Liberty Media will transfer the first of two tranches of payment in the $8.5 billion… Go here to read the rest: Formula... [Read more]