A federal judge rejected Tesla Inc’s effort to dismiss claims by two former workers that the California electric car factory where they worked was a hotbed of racial hostility, clearing the way for a possible trial.
Month: December 2019
Indonesia plans fixed fees for e-wallet transactions: sources
Indonesia plans to impose fixed fees on some e-wallet transactions, five people familiar with the matter said, in a move that could choke a key revenue stream and raise costs for payment startups backed by the likes of Alibaba’s Ant Financial.
Uber, Postmates sue to block California gig worker law, claiming it’s unconstitutional
Ride-hailing company Uber Technologies Inc and courier services provider Postmates Inc asked a U.S. court to block a California labor law set to go into effect on Wednesday, arguing the bill violates the U.S. Constitution.
Huawei’s 2019 revenue to jump 18%, forecasts ‘difficult’ 2020
Huawei Technologies on Tuesday said its full-year revenue would likely jump 18% in 2019 to 850 billion yuan ($121.72 billion), lower than its earlier projections, as a U.S. trade blacklisting curbed growth and disrupted its ability to source key parts.
Microsoft says North Korea-linked hackers stole sensitive information
Microsoft Corp said on Monday it has taken control of web domains which were used by a hacking group called “Thallium” to steal information.
Shares soar as Tesla-rival Nio’s loss narrows on higher EV sales
Shares of Tesla-rival Nio Inc soared 53% on Monday after the electrical car maker reported a smaller-than-expected loss, benefiting from selling more of its lower-priced vehicles even as the industry faced weak demand.
‘Do Not Sell My Info’: U.S. retailers rush to comply with California privacy law
U.S. retailers including Walmart Inc will add “Do Not Sell My Info” links to their websites and signage in stores starting Jan. 1, allowing California shoppers to understand for the first time what personal and other data the retailers collect, sources said.
Satellite imagery company Maxar to sell Canadian unit for C$1 billion
U.S. satellite imagery company Maxar Technologies Inc said on Monday it would sell its Canadian space robotics business to a consortium led by Northern Private Capital (NPC) for C$1 billion ($765 million), in a bid to ease its debt.
Russian competition watchdog opens investigation into Booking.com
Russia’s Federal Anti-monopoly Service (FAS) has opened an investigation into hotel reservation website Booking.com, the regulator said on Monday.
Higher EV demand drives Tesla-rival Nio’s quarterly sales beat, shares surge
Tesla-rival Nio Inc on Monday beat quarterly revenue estimates on higher demand for its electric vehicles, sending the company’s U.S.-listed shares up more than 13% in trading before the bell.
Epic Meets Fail 