Technology

TOKYO (Reuters) – SoftBank Group Corp’s (9984.T) estimate it will post a record $13 billion full-year loss, dragged down by its spluttering $100 billion Vision Fund, has renewed attention on a planned asset sell-down aimed at raising cash and restoring…

(Reuters) – Amazon.com Inc (AMZN.O) said on Tuesday it terminated two employees, who criticized the working conditions at the e-commerce giant’s warehouses in the wake of the coronavirus pandemic, for “repeatedly violating internal policies”. The termination of Emily Cunningham and…

SHANGHAI (Reuters) – Apple Inc (AAPL.O) shipped roughly 2.5 million iPhones in China in March, a slight rebound after one of its worst months in the country ever, according to government data published on Friday. Smartphone companies are hoping for…

TOKYO (Reuters) – SoftBank Group Corp (9984.T) shares fell 3.5% on Tuesday morning after estimating the Vision Fund will record a 1.8 trillion yen ($16.73 billion) loss in the year ended March due to the tumbling value of bets on…

LOS ANGELES (Reuters) – About 1.7 million people downloaded the new entertainment streaming app Quibi during its first week on the market, Chief Executive Meg Whitman told CNBC television on Monday. Quibi, which offers movies, reality shows and news in…

SINGAPORE/BERLIN (Reuters) – As lockdowns worldwide drive a surge in internet use, boosting online sales for businesses as varied as gaming and food delivery, the stocks of internet providers are an unlikely laggard on global markets. In Asia, Africa, Europe…

(Reuters) – Dish Network Corp (DISH.O) has cut staff and is re-evaluating its business to cope better with the fallout from the coronavirus pandemic, the U.S. satellite TV provider told Reuters, without disclosing the number of employees laid off. Shares…

(Reuters) – Amazon.com Inc (AMZN.O) said on Monday it would hire 75,000

(Reuters) – EBay Inc on Monday named Walmart executive Jamie Iannone as its top boss, handing over the reins to an outsider as the e-commerce firm deals with pressure from activist investor Starboard Value to shake up its management. The…

(Reuters) – Amazon will begin to put new grocery delivery customers on a wait list and curtail shopping hours at some Whole Foods stores to prioritize orders from existing customers buying food online during the coronavirus outbreak, the company said…