Western Digital Corp has said that it wanted to enter into exclusive talks with Japan’s Toshiba Corp as the former warned the later that splitting off its chip unit prior to a planned sale of the business violates their joint chip venture contract. The split-off is a “very serious breach of joint venture agreements,” and it would…
After releasing delayed third-quarter results with a disclaimer from its auditor, Japan’s Toshiba Corp’s CEO said on Tuesday that the company will make every effort to avoid being delisted by the Tokyo Stock Exchange. “The decision on any delisting is for the stock exchange to make,” Satoshi Tsunakawa said at a press briefing in Tokyo. “We…
In relation to a dispute over licensing fees for mobile technology, chipmaker Qualcomm is countersuing Apple Inc in a time frame of less than three months after being sued by the iPhone maker for $1 billion. Seeking to “enjoin Apple from further interference with Qualcomm’s agreements with the companies that manufacture iPhones and iPads for Apple” and unspecified damages,…
By reaching a market capitalization of as much as $51.105 billion which is now higher than General Motors’s, on Monday, Tesla Inc briefly became the most valuable U.S. car maker. Before dropping down below that of GM’s its market value was at one point larger than GM’s, which was $51.095 billion, as the luxury electric…
According to a study on the rise of the autonomous age, a seismic shift that will upend the auto industry will be set off as it is expected that a quarter of all miles driven in the U.S. could be in shared, self-driving electric cars by the end of the next decade. the Boston Consulting Group said in…
Blasting the Alphabet Inc unit’s claim that it profited from stolen files in the race to roll out the first driverless car, Uber Technologies Inc said that its self-driving sensor technology was “fundamentally different” from Waymo’s. despite Waymo’s claim that its former executive, Anthony Levandowski, stole them before joining Uber, the car rental company said…
In what is being considered to be the latest blow for two firms already struggling in key markets, engine issues have forced Hyundai Motor Co and Kia Motors Corp to plan to recall 1.48 million vehicles in the United States, Canada and South Korea. At a time when Hyundai and Kia face a sharp drop…
Becoming part of the “gig economy” where freelance work is transforming the traditional job market in step with advances in technology, Sydney resident Rosalina Kariotakis was among the first drivers to sign up when ride-hailing company Uber started in 2014. For individuals who are seeking greater flexibility for less security – many of them are…
Calling it “very challenging” in remarks to a Senate panel, the general who commands America’s nuclear arsenal issued a warning about North Korean missile advances. Frustration about the lengthy delays and budget instability that he said are hindering the ability to modernize the nation’s nuclear deterrence capabilities, was expressed at the same time by Gen.…
By saying that he would champion American states that wanted to secede from the union, the European Commission President Jean-Claude Juncker hit back at Donald Trump’s support for the U.K.’s withdrawal from the European Union. “The newly elected U.S. president was happy that Brexit was taking place and was asking other countries to do the…
