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Taiwan says set to order Uber to exit market

By Faith Hung and Yimou Lee TAIPEI/HONG KONG (Reuters) – Taiwan's Investment Commission said on Wednesday it is set to order Uber Technologies Inc [UBER.UL] to exit the domestic market, saying the global ride-hailing giant misrepresented its business as an internet-based information technology platform rather than a transportation

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Taiwan says set to order Uber to exit market

U.S. crude remains below $40 as oversupply weighs

Oil prices remained weak on Wednesday, with U.S. crude below $40 per barrel and Brent under $42, as fuel oversupply and stuttering economic growth weighed on markets, although prices did receive some support from a weaker dollar. U.S. West Texas Intermediate (WTI) crude futures were trading at $39.54 per barrel at 0651 GMT (2:51 a.m. ET), slightly above their last close and well below the $40 marker they settled below for the first time since April in the previous session. International Brent crude futures failed to …

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U.S. crude remains below $40 as oversupply weighs

The ‘what if’ spooking markets: policy success

Perhaps the biggest shock to world markets now would be if central banks met their inflation goals. After nearly 10 years of near zero or even negative interest rates and trillions of dollars in new

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The ‘what if’ spooking markets: policy success

Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong

Nearly 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong, making it the second-biggest security breach ever of such an exchange. Zane Tackett, Director of Community & Product Development for Bitfinex, told Reuters on Wednesday that 119,756 bitcoin had been stolen from users' accounts and that the exchange had not yet decided how to address customer losses.

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Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong

Exclusive: Delta’s refinery sacrifices profits for lower fuel cost – memo

By Jarrett Renshaw NEW YORK (Reuters) – Delta Air Lines Inc is flooding the New York market with jet fuel from its refinery, sacrificing refining profits in order to lower the carrier’s fuel costs, according to a company memo seen by Reuters.    The memo, written by the head …

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Exclusive: Delta’s refinery sacrifices profits for lower fuel cost – memo

Judge voids VirnetX’s $625.6 million Apple verdict; VirnetX plunges

A federal judge has thrown out a verdict requiring Apple Inc to pay VirnetX Holding Corp $625.6 million for infringing four patents relating to Internet security technology, causing VirnetX's share price to plunge. In a decision late Friday, U.S. District Judge Robert Schroeder in Tyler, Texas said it was unfair to Apple that two

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Judge voids VirnetX’s $625.6 million Apple verdict; VirnetX plunges

U.S. crude breaks below $40/bbl as oil slumps 4 percent on glut worry

NEW YORK (Reuters) – U.S. crude tumbled below $40 per barrel for the first time since April as oil prices fell nearly 4 percent on Monday on heightened worries of an oil glut after a survey suggested OPEC output reached record highs last month.

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U.S. crude breaks below $40/bbl as oil slumps 4 percent on glut worry

Gawker Media founder to file for personal bankruptcy: source

By Jessica DiNapoli (Reuters) – Gawker Media founder and CEO Nick Denton will file for personal bankruptcy protection as early as Monday after losing a fight in a Florida court for a shield against a judgment in a breach of privacy case involving professional wrestler Hulk Hogan, according to a…

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Gawker Media founder to file for personal bankruptcy: source

SolarCity accepts Tesla’s $2.6 billion offer; both shares fall

SolarCity Corp agreed to Tesla Motors Inc's $2.6 billion offer to buy the solar panel installer, the companies said Monday, clearing one obstacle in the way of Elon Musk's ambitious plans for a carbon-free energy and transportation company. Tesla's stock swap offer valued SolarCity at $25.37 a share, or $200 million less than the initial proposal that Musk outlined in June, before advisers to the companies had done due diligence. SolarCity shares closed last Friday at about 5 percent above that

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SolarCity accepts Tesla’s $2.6 billion offer; both shares fall

U.S. factory activity slips; construction spending hits one-year low

U.S. manufacturing activity eased in July amid shrinking order backlogs and declining employment, while an unexpected drop in construction spending in June suggested second-quarter economic was probably even weaker than reported last week. The Institute for Supply Management's (ISM) report on Monday also showed manufacturers ramping up production to an 18-month high even as factories continued…

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U.S. factory activity slips; construction spending hits one-year low

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