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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…

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Nvidia shows off smaller artificial intelligence computer for Baidu car

Hanjin Shipping secures $45 million, more may take ‘considerable time’

SEOUL/SYDNEY (Reuters) – The chairman of Hanjin Group transferred 40 billion won ($36 million) to Hanjin Shipping on Tuesday to help unload cargo stranded on the troubled shipper's vessels, a spokesman said, but regulators warned securing further funds could take “considerable time”. The parent of Hanjin Shipping pledged last week to raise 100 billion won to help …

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Hanjin Shipping secures $45 million, more may take ‘considerable time’

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 key clients …

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Japan’s Renesas pushes into autos with $3.2 billion Intersil buy

Berkshire is accused in New York lawsuit of workers’ compensation ‘siphoning’

By Jonathan Stempel NEW YORK (Reuters) – Berkshire Hathaway Inc has been sued by a New York bicycle courier company over an alleged illegal scheme to cheat employers buying workers' compensation policies. The complaint, filed late Friday by Breakaway Courier Systems, came as Berkshire's Applied Underwriters unit faces scrutiny over its workers' compensation policies, including some that have been banned by California, Vermont and Wisconsin. Breakaway, with about 300 employees, accused Berkshire and Applied of “siphoning” premiums through a web of illegal shell companies, with …

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Berkshire is accused in New York lawsuit of workers’ compensation ‘siphoning’

Fed looks unlikely to hike next week after Brainard warning

The Federal Reserve should avoid removing support for the U.S. economy too quickly, Fed Governor Lael Brainard said on Monday in comments that solidified the view the central bank would leave interest rates unchanged next week. Brainard said she wanted to see a stronger trend in U.S. consumer spending and evidence of rising inflation before the Fed raises rates, and…

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Fed looks unlikely to hike next week after Brainard warning

U.S. workers unload first of Hanjin ships stalled by bankruptcy

By Lisa Richwine LOS ANGELES (Reuters) – Dock workers began unloading furniture, clothing and other cargo on Saturday from a container ship owned by bankrupt Hanjin Shipping Co Ltd , breaking a logjam that has stranded goods on a dozen vessels bound…

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U.S. workers unload first of Hanjin ships stalled by bankruptcy

‘Times are changing, pay your taxes’, euro zone chief tells corporations

By Francesco Guarascio and Jason Hovet BRATISLAVA (Reuters) – Multinational companies should refrain from tax-avoidance practices and pay their fair share, the head of euro zone finance ministers said on Saturday in a new endorsement of the European Union's fight against tax-dodging. In the wake…

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‘Times are changing, pay your taxes’, euro zone chief tells corporations

British businesses ‘lazy and fat’, pro-Brexit trade minister says

Britain as a trading nation has become “too lazy and too fat” and business leaders are more interested in playing golf on Friday afternoons than in seeking new export markets, International Trade Secretary Liam Fox was recorded saying. Fox, who was a prominent campaigner for Britain to leave the European Union and says the country must forge new trading relationships with the rest of the world, was recorded making the comments during a drinks party with activists…

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British businesses ‘lazy and fat’, pro-Brexit trade minister says

VW’s Audi steps up collaboration with Chinese tech groups

FRANKFURT (Reuters) – Volkswagen's luxury car unit Audi has agreed to deepen collaboration with Chinese internet technology groups to offer more digital services in the world's largest car market.

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VW’s Audi steps up collaboration with Chinese tech groups

Samsung urges Note 7 users to switch off phones and turn them in

By Se Young Lee and Jeffrey Dastin SEOUL (Reuters) – Samsung Electronics Co Ltd on Saturday urged users of its Galaxy Note 7 phones to turn in their handsets as soon as possible as part of a recall aimed at limiting the damage caused by the fire-prone devices. The world's top smartphone maker said last week it would exchange all Note 7 phones in 10 markets including South Korea and the United States…

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Samsung urges Note 7 users to switch off phones and turn them in

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