Uber Technologies Inc. has just announced that it had paid hackers $100,000 not to release data from 57 million accounts, and had concealed the information.Two people were fired over the incident, including Chief Security Officer Joe Sullivan. Uber's new...
Startups focusing on warehouse automation systems, or warehouse robots, are increasingly getting more funding, and this year's tally is already up to $70 million.The race to start creating automation systems for warehousing activities started around 2012, when Amazon bought...
As the holiday travel season gears for a ramp-up, rentals site Airbnb and hospitality group Marriott are intensifying their attacks on each other.The latest punch, thrown by Airbnb, is a letter to Arne Sorenson, CEO of Marriott, asking him...
Uber has signed a major deal with Volvo to buy around 24,000 XC-90 SUVs over a three-year period from 2019 through 2021.The deal comes in at about $1.4 billion considering a U.S. base model price of $46,900, according to...
The U.S. Department of Justice has filed a lawsuit to block the AT&T acquisition of Time Warner, a move that is being seen as a wide deviation from traditional antitrust action.Since the companies do not directly compete with each...
Through an alliance comprising Alibaba Group Holding Ltd, Auchan Retail S.A. and Ruentex Group, the e-commerce giant will invest approximately $2.9 billion in China's hypermarket major Sun Art Retail Group Ltd.Alibaba will purchase its stake from Reuntex, while Auchan will increase...
Chipmaker Marvell Technology on Monday said it would pay around $6 billion in cash and stock to buy rival company, Cavium.The semiconductor industry is quickly moving into a consolidation phase as larger companies like NVIDIA grow at a tremendous...
Large retailers across North America are jumping on Tesla semi truck pre-orders, with Canadian grocery chain Loblaw now booking 25 trucks, shortly after Wal-Mart placed one for 15 to test them out in the U.S. and Canada.Loblaw is on...
A report from Bloomberg shows that Verizon, the number one wireless carrier by subscriber count in the United States, is on the verge of striking a new digital streaming deal with the NFL that expands on the current deal...
If you thought of ordering an Apple HomePod for Christmas, it better be Christmas 2018.Apple recently shared the bad news with TechCrunch:"We can’t wait for people to experience HomePod, Apple’s breakthrough wireless speaker for the home, but we need...
Pure Daily Care had the top-selling facial steamer on Amazon, but the $10-million-a-year-revenue-generating third-party seller, going under the storefront name of Beauty Imports, has lost nearly $400,000 and half their 12-member team.Entrepreneur David Damavandi, who heads operations, says that a...
When a massive company like Wal-Mart makes a move on new technology less than 24 hours after the tech in question is announced, you know it's a significant decision. The retail giant has pre-ordered 15 Tesla semi trucks with...
The Short:Jaguar Land Rover (JLR) said on Friday that it has completed the first tests on its self-driving car on public roads. Britain's biggest automaker is now firmly in the race against other automakers as well as tech companies...
The Short:European automaker Volkswagen will spend up to $40 billion over the next five years on developing electric cars and self-driving technology, as well as other mobility initiatives, according to an approved plan announced on Friday.The announcement comes close...
The Short:While declining to provide financial details of the deal, streaming music major Spotify on Friday said that it had bought Soundtrap, an online audio and music recording platform that allows real-time collaboration between its subscribers.The Long:Soundtrap is a...