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In a boost for Uber, China legalizes ride-hailing services

Lifting a cloud of regulatory uncertainty hanging over the future of Uber and its competitors in China, the government on Thursday legalized app-based ride-hailing services, but announced new licensing requirements and other rules. The new regulations, to take effect Nov. 1, require drivers to...

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  • Verizon buys Yahoo for $4.8 billion, and it's giving Yahoo's brand another chance

    Verizon buys Yahoo for $4.8 billion, and it's giving Yahoo's brand another chance

    Verizon Communications Inc. built its business on pipes and antennae. Now the nation’s biggest telecommunications company is assembling a different kind of network — one centered around eyeballs and advertisements. With its $4.83-billion acquisition of Yahoo Inc.’s core business on Monday, Verizon...

  • Nintendo stock tanks after 'Pokemon Go' investors realize company doesn't own game

    Nintendo stock tanks after 'Pokemon Go' investors realize company doesn't own game

    In response to the ubiquity of “Pokemon Go,” investors immediately began snatching up Nintendo stock like, well, Pokemon, probably because the company is most closely associated with the game from its original conception as a cartridge game for Game Boy. Since July 6, when the game was released...

  • Macy's tests artificial intelligence as a way to improve sales

    Macy's tests artificial intelligence as a way to improve sales

    Macy’s is testing a mobile tool using artificial intelligence that lets shoppers get answers customized to the store they’re in — such as where a particular brand is located or what’s in stock — that they would normally ask a sales associate face-to-face.  The tool, which the nation's largest department...

  • General Atomics' $40-million gamble on small nukes

    General Atomics' $40-million gamble on small nukes

    The scientists and engineers at General Atomics think the future of nuclear energy is coming on the back of a flatbed truck. The leadership at the San Diego company, which has been developing nuclear technologies for more than 60 years, has already spent $40 million in the expectation that its...

  • Verizon reportedly close to acquiring Yahoo for around $5 billion

    Verizon reportedly close to acquiring Yahoo for around $5 billion

    Verizon is reportedly nearing a deal to purchase Yahoo for close to $5 billion, bringing to an end a months-long bidding process for a now-ailing company that was once an Internet trailblazer. The sale of Yahoo’s core business is still being deliberated but could be announced early next week, according...

  • WeHo woman sues Uber for negligence after being raped by driver

    WeHo woman sues Uber for negligence after being raped by driver

    A West Hollywood woman sued Uber Technologies on Thursday, alleging that the ride-hailing company’s negligence led to her being raped by an Uber driver. The lawsuit, which was filed in the Superior Court of Los Angeles on behalf of the 27-year-old plaintiff, said the San Francisco company “aggressively...

  • As PCs decline, Microsoft is betting its future on the cloud

    As PCs decline, Microsoft is betting its future on the cloud

    In a world where there's a smartphone app for everything, one company — Amazon.com Inc. — has long been the host for an outsized share of online software and computing services. Microsoft Corp. Chief Executive Satya Nadella wants to change that. Nadella has poured billions of dollars into building...

  • Is 'Pokemon Go' catching all your monthly data? Congress wants to know.

    Is 'Pokemon Go' catching all your monthly data? Congress wants to know.

    Three House lawmakers have written to the chief executive of Niantic Inc. questioning the effect of the company’s blockbuster “Pokemon Go” app on consumers’ mobile data usage. “Users have reported maxing out their their monthly data usage plans within a week of playing and have complained of eating...

  • Hyperloop One wants $250 million from the 'Gang of Four' that sued the start-up

    Hyperloop One wants $250 million from the 'Gang of Four' that sued the start-up

    Hyperloop Technologies Inc. is seeking at least $250 million in damages from four former high-ranking employees who the company says tried to incite rebellion within the Los Angeles start-up. Now referring to itself as Hyperloop One, the firm says then-Chief Technology Officer Brogan BamBrogan...

  • Twitter lands contract with NBA for original live programming

    Twitter lands contract with NBA for original live programming

    Twitter Inc. and the NBA have signed a deal that will give the microblogging service two new, exclusive shows to stream, as well as additional video, the organizations said Tuesday. One of the shows will be a weekly live-streamed NBA pregame show that will be available exclusively via Twitter....

  • Hyperloop One's initial structure should have raised questions

    Hyperloop One's initial structure should have raised questions

    The teams that found tech companies come in many shapes, most commonly pairing an engineer with someone who’s savvy in finance and marketing. Hyperloop Technologies Inc. emerged from a rare model: An engineer and a practicing venture capitalist. The drama at the start-up — where four former employees...

  • Yahoo says it paid too much for Tumblr and posts weak second-quarter results

    Yahoo says it paid too much for Tumblr and posts weak second-quarter results

    Yahoo Inc. remained tight-lipped Monday about its ongoing sale, but unexpectedly dished some dirt on itself, revealing to shareholders that it overpaid for the microblogging platform Tumblr. Nestled among its weak second-quarter financial results were impairment charges — write-offs for intangible...

  • Japan's Softbank buys Britain's ARM Holdings for $31 billion

    Japanese technology company SoftBank Group Corp. is buying British ARM Holdings for $31 billion in a deal the British government hailed Monday as a vote of confidence in the country following last month's vote to leave the European Union.  The recommended cash deal underlines SoftBank's desire...

  • Uber ... for women? Start-ups hope to match female passengers with female drivers

    Uber ... for women? Start-ups hope to match female passengers with female drivers

    Ginny Young sat with eight women, all of them senior citizens, this spring while a focus group leader lobbed questions at them. “Who has used Uber or Lyft before?” Young raised her hand. “How about taxis?” A few more hands went up. “If you booked a ride, would you prefer if the driver was a woman?” Absolutely....

  • Uber drivers must accept service animals under lawsuit settlement

    Uber drivers must accept service animals under lawsuit settlement

    Uber drivers who refuse to transport passengers with service animals may soon be ousted from the platform, according to new policies the ride-hailing company is adopting as part of a lawsuit settlement with the National Federation of the Blind. As part of the settlement, which was granted preliminary...

  • T-Mobile offers free unlimited data to 'Pokemon Go' gamers

    T-Mobile offers free unlimited data to 'Pokemon Go' gamers

    “Pokemon Go” players won’t have to worry about running out of high speed data — at least not on T-Mobile’s network. The cellphone carrier announced Thursday that it’s offering customers one year of free unlimited data exclusively for use with “Pokemon Go.” Customers can avoid paying $45 a month...

  • Venture capital deals slow amid doubts about augmented reality's reach

    Venture capital deals slow amid doubts about augmented reality's reach

    Excluding an outlying $1-billion financing of Snapchat Inc., Los Angeles start-ups pulled in 57% less cash from venture capitalists in the second quarter compared with a year earlier. The number of investments also dropped 42%, according to Dow Jones VentureSource data released Thursday. Though...

  • One of Facebook's biggest accomplishments: Paying far lower taxes

    One of Facebook's biggest accomplishments: Paying far lower taxes

    One of Facebook Inc.’s biggest accomplishments this year has nothing to do with how many new parents post baby photos on the social network or use it to wish friends a happy birthday. Instead, the latest victory may reside in its arcane finances. Facebook said it expects its effective tax rate...

  • Judge denies restraining order over noose incident at HyperLoop start-up

    Judge denies restraining order over noose incident at HyperLoop start-up

    A judge refused to grant Hyperloop Technologies Inc. co-founder Brogan BamBrogan a temporary restraining order Thursday against a former co-worker who allegedly threatened him with a noose. The decision in Los Angeles County Superior Court wasn’t a surprise to BamBrogan’s lawyers. In the month...

  • Twitter strikes deal to live stream Pac-12 sports

    Twitter strikes deal to live stream Pac-12 sports

    Pac-12 Networks announced Thursday it has reached an agreement with Twitter Inc. to make the social media hub the leading partner for Pac-12 Plus, a broadband network that will will live stream events from UCLA, USC and the other 10 schools in the conference. At least 150 games are to be streamed...

  • Apple's first reality show, 'Planet of the Apps,' is looking for contestants

    Apple's first reality show, 'Planet of the Apps,' is looking for contestants

    Apple’s first crack at original programming will be a reality series called “Planet of the Apps,” and now it’s looking for its stars: developers who want exposure for the apps they’re creating and a chance to win a pile of investor money. The unscripted show, co-produced by Propagate, is to be...

  • Line prepares to hit stock exchanges after its $1.1-billion IPO

    Line prepares to hit stock exchanges after its $1.1-billion IPO

    Investors looking to capitalize on the mobile messaging craze, get in line. The Japanese messaging app firm Line Corp. is set to begin trading on the New York Stock Exchange on Thursday and in Tokyo on Friday. Though little known in the U.S., Line has enjoyed a quick surge to popularity in Japan,...

  • Lawsuit alleges nepotism, waste and assault at Hyperloop One — including a noose

    Lawsuit alleges nepotism, waste and assault at Hyperloop One — including a noose

    High-profile venture capitalist Shervin Pishevar needed a top engineer to develop the futuristic hyperloop transportation system. In SpaceX rocket engine designer Brogan BamBrogan, he landed his first choice.  But two years later, with the nearly 700-mph pods-in-tubes idea inching toward reality...

  • Seagate Technology to cut about 6,500 jobs; stock jumps 22%

    Seagate Technology to cut about 6,500 jobs; stock jumps 22%

    Data storage company Seagate Technology said it will cut about 6,500 jobs — about 14% of its global workforce — by the end of June 2017, even as it announced good news about its recent sales figures. Shares soared nearly 22%. The company said late Monday that the job cuts were part of a restructuring...

  • Relax, you're not going to jail for sharing your Netflix password

    Relax, you're not going to jail for sharing your Netflix password

    Everybody needs to Netflix and chill out. A recent appellate court ruling terrified legions of streaming viewers by suggesting sharing your password is going to land you in the real-life version of “Orange is the New Black.” But that’s not exactly what the case was about, and there’s no reason...

  • 'Pokemon Go' shows augmented reality's edge over full-on virtual reality

    'Pokemon Go' shows augmented reality's edge over full-on virtual reality

    Virtual reality is often lauded as the future of gaming. With its high-tech headsets, it can transport gamers to fantastic virtual environments, completely separate from the real world.  But the recent runaway success of a mobile Pokémon app suggests great promise for augmented reality – virtual...

  • Amazon Prime Day is Tuesday: Will the deals live up to the hype?

    Amazon Prime Day is Tuesday: Will the deals live up to the hype?

    Amazon Prime Day returns for its second showing on July 12 after its first shot at “Black Friday in July” failed to generate much holiday cheer. Though the online shopping giant said its inaugural event racked up solid sales numbers, social media were rife with complaints about the lackluster offerings...

  • Lyft and GM to rent electric vehicles to ride-hailing drivers

    Lyft and GM to rent electric vehicles to ride-hailing drivers

    Lyft’s partnership with General Motors is starting to bear fruit, with the ride-hailing company announcing Monday that drivers will soon be able to rent electric vehicles from GM to drive for hire. The program, named Express Drive, is intended to give drivers flexibility, according to Lyft’s director...

  • Victims' families sue Facebook for $1 billion over Palestinian attacks

    Victims' families sue Facebook for $1 billion over Palestinian attacks

    Israeli and American families of victims of Palestinian attacks filed a $1-billion lawsuit against Facebook Inc., claiming the social network is providing a platform for militants to spread incitement and violence, their lawyers said Monday. Shurat Hadin, an Israeli legal advocacy group, filed...

  • How I Made It: Elena Grewal leads Airbnb’s data scientists

    How I Made It: Elena Grewal leads Airbnb’s data scientists

    The gig: Technology companies collect data about the pages people look at, the links they click on, and the things they search for. At Airbnb Inc., it’s Elena Grewal’s job to figure out what all that data means. Grewal, 31, is the interim lead for data science at the $25.5-billion San Francisco...

  • Lyft's latest response to Uber: Premier service in high-end rides

    Lyft's latest response to Uber: Premier service in high-end rides

    In the fast-moving industry of ride-hailing services, bitter rivals Uber and Lyft seem to abide by a familiar business-world maxim: If you can’t beat ’em, join ’em. Lyft announced on Wednesday a new feature that allows passengers to book rides in luxury cars – an offering that competes with Uber’s...

  • Facebook testing encrypted chats in Messenger

    Facebook testing encrypted chats in Messenger

    Facebook is adding to its Messenger app an option for encrypted chats that can only be read on the devices on which they are sent or received.  Users also will be able to set a timer to control how long the message remains visible to anyone, the company said Friday.  SIGN UP for the free California...

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