Alibaba raising stake in Cainiao to majority, investing $15 billion to grow logistics

HONG KONG (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd is raising its stake in logistics affiliate Cainiao Smart Logistics Network Ltd to 51 percent from 47 percent by...

Carnegie Mellon professor named CEO of Canadian AI institute

TORONTO (Reuters) - A Toronto artificial intelligence institute set up in March with more than $150 million of public and private funding has named Carnegie Mellon professor Garth Gibson as...

Facebook, Google bound to change handling of politics ads – marketing executives

NEW YORK (Reuters) - Facebook Inc and Alphabet Inc’s Google have little choice but to rein in internet political ads in the face of growing U.S. government pressure, a panel...

Linux distributor Red Hat beats profit estimate, raises forecasts

(Reuters) - Red Hat Inc (RHT.N) reported a better-than-expected quarterly profit and raised its full-year forecasts, driven by strong demand for the company’s products that help make the transition to...

Linux distributor Red Hat reports 20.6 percent rise in revenue

(Reuters) - Red Hat Inc (RHT.N) reported a 20.6 percent rise in quarterly revenue as the Linux operating system distributor benefited from higher demand for its products targeting hybrid cloud....

Tech stocks sell-off deepens fears of shift away from sector

SAN FRANCISCO (Reuters) - Technology stocks including Facebook (FB.O), Microsoft (MSFT.O) and Alphabet (GOOGL.O) dropped sharply on Monday, increasing worries that the top-performing sector is falling out of favor as...

SEC chairman belatedly learned of 2016 agency hack: testimony

WASHINGTON (Reuters) - The chairman of the U.S. Securities and Exchange Commission belatedly found out in August, about three months after being confirmed, that hackers breached the regulator’s database of...

Uber rival Lyft met London transport officials, documents show

FRANKFURT/LONDON (Reuters) - Lyft, Uber’s closest U.S. rival in the taxi-hailing business, met repeatedly with officials from London’s transport regulator over the past year, a sign it may be targeting...

Apple shares flirt with correction territory

SAN FRANCISCO (Reuters) - Shares of Apple Inc dipped on Monday and flirted with correction territory following a report that the company had told suppliers to scale back shipments of...

Deloitte hacked, says 'very few' clients affected

LONDON/TORONTO (Reuters) - Global accounting firm Deloitte said on Monday it was the victim of a cyber attack that affected the data of a small number of clients, providing...

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Next iPhone would be Galaxy S8 lookalike, hints fresh leak

It will be a while before Apple unveils its upcoming iPhone but the amount of leaks and reports have certainly started hinting at...