Former Uber CEO Travis Kalanick, who has long boasted that he’s never sold any shares in the company, plans to sell about 29 percent of his stake, according to Bloomberg, citing people with knowledge of the matter.
Little more than a year after flagging multi-billion dollar writedowns that threatened its very survival, Toshiba has gained some closure with the sale of its former nuclear unit Westinghouse, according to Bloomberg.
BlackBerry’s efforts to push into self-driving cars took a new step forward as the former smartphone maker signed a deal with Chinese internet giant Baidu to work together on automotive software, according to Bloomberg.
Apple CEO Tim Cook received a 74 percent increase in his annual bonus for fiscal 2017 as the iPhone maker posted higher revenue and net income, after a rare decline a year earlier, according to Bloomberg.
The effort to strike a deal for T-Mobile US has drawn attention away from another Deutsche Telekom unit that needs fixing more urgently: its money-draining computer-services business, according to Bloomberg.
Apple apologized to customers for software changes that reduced the performance of older iPhones to prevent unexpected shutdowns, while saying the company hadn’t intentionally set out to shorten the life of the products, according to Bloomberg.
American president Donald Trump said the U.S. Postal Service should charge Amazon more to deliver packages, the latest in a series of public criticisms of the online retailer and its billionaire founder, according to Bloomberg.
Prosecutors asked a South Korean court to extend the prison term for Samsung Electronics heir-apparent Jay Y. Lee to 12 years, in an appeal of his five-year sentence for allegedly bribing his way to greater control of the country’s biggest company, according to Bloomberg.
Uber shareholders are said to have agreed to sell a sizable stake in the ride-hailing leader to an investor group led by SoftBank, allowing the Japanese conglomerate to amass a piece of the company at a steep discount to the last valuation, according to Bloomberg.
Google said it will extend commitments made five years ago to U.S. antitrust officials related to how developers use its advertising platform and the scraping of third-party content in search results, according to Bloomberg.
A European Union decision to treat Uber like a taxi company spotlights a trans-Atlantic divide over how governments cope with disruptive technologies and could embolden U.S. cities to restrict the ride-sharing service, according to Bloomberg.
iPhone users have begun racing to courthouses, infuriated by an Apple software update that slowed down the operation of their smartphones, according to Bloomberg. At least two groups of customers sued Apple over the deterioration of their phones’ performance.
Apple’s iPhone and iPad introduced a novel way of interacting with computers: via easy-to-use applications, accessible in the App Store. But the same approach hasn’t worked nearly as well on Apple’s desktops and laptops.