Technology 

SpaceX to lay off about 10 percent of its workforce: source

FILE PHOTO: The SpaceX headquarters is shown in Hawthorne, California, U.S. September 19, 2018. REUTERS/Mike Blake (Reuters) – Elon Musk’s SpaceX will lay off about 10 percent of its more than 6,000 employees, a source familiar with the matter said on Friday. The company did not comment on the number of layoffs but said in emailed comments that it needs to become a “leaner” organization for which it would “part ways” with some of its workforce. “To continue delivering for our customers and to succeed in developing interplanetary spacecraft and…

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Technology 

Slack ‘seriously considering’ direct market listing: source

FILE PHOTO: The Slack app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration (Reuters) – Slack Technologies Inc is “seriously” considering making its stock exchange debut through a direct listing, a source familiar with the matter told Reuters on Friday. The Wall Street Journal reported reported earlier in the day that Slack, which operates a popular workplace instant-messaging and collaboration app, is likely to debut in the second quarter and currently expects to do so via a direct listing. The plan for…

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Sports 

Head of Japan’s Olympic Committee indicted in France: source

FILE PHOTO : Tsunekazu Takeda, President of the Japanese Olympic committee, attends a news conference during the 127th International Olympic Committee (IOC) session in Monaco December 8, 2014. REUTERS/Eric Gaillard/File Photo PARIS (Reuters) – The head of Japan’s Olympic Committee, Tsunekazu Takeda, has been indicted in France on corruption allegations, a judicial source confirmed on Friday. He was indicted by the national financial prosecutor’s office in Paris last month, the source said. The indictment was first reported by French newspaper Le Monde. Reporting by Emmanuel Jarry; Editing by Luke Baker…

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Technology 

GM sold 200,000 electric vehicles in U.S. by 2018, triggering tax-credit phaseout: source

FILE PHOTO – The GM logo is seen at the General Motors Assembly Plant in Ramos Arizpe, in Coahuila state, Mexico November 25, 2017. REUTERS/Daniel Becerril WASHINGTON (Reuters) – General Motors Co (GM.N) hit 200,000 total electric vehicles sold in the United States by the end of 2018, reaching a threshold that triggers a phase-out of a $7,500 federal tax credit over the next 15 months, a person briefed on the matter said Wednesday. The largest U.S. automaker reached the figure in the fourth quarter of 2018, which means the…

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Technology 

Exclusive: Netflix poaches CFO from Activision Blizzard – source

The Netflix logo is shown in this illustration photograph in Encinitas, California October 14, 2014. REUTERS/Mike Blake/File Photo (Reuters) – Netflix Inc is expected to announce in the next few days that it has poached media finance veteran Spencer Neumann from Activision Blizzard to be its chief financial officer, a source familiar with the matter told Reuters. Neumann will start at Netflix in early 2019, the source said. Earlier on Monday, Activision Blizzard said in a regulatory filing that it intended to fire Neumann for an unspecified reason. Neumann has…

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Technology 

Exclusive: Foxconn to begin assembling top-end Apple iPhones in India in 2019 – source

MUMBAI/DELHI (Reuters) – Apple Inc will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source familiar with the matter. A motorcyclist rides past the logo of Foxconn, the trading name of Hon Hai Precision Industry, in Taipei, Taiwan March 30, 2018. REUTERS/Tyrone Siu Importantly, Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family, the source…

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Technology 

SoftBank’s Vision Fund nearing $1.5 billion investment in SE Asia’s Grab -source

SINGAPORE (Reuters) – SoftBank Group Corp (9984.T) is nearing a deal to invest $1.5 billion in Grab, three times a previously expected $500 million, as Southeast Asia’s biggest ride-hailing firm looks to expand, a person with knowledge of the matter said. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato Six-year old Grab has so far raised over $6.5 billion, led by SoftBank, Chinese ride-hailing firm Didi Chuxing and Toyota Motor Corp (7203.T). After a fund…

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Technology 

SoftBank’s Vision Fund nearing $1.5 billion investment in South East Asia’s Grab: source

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato SINGAPORE (Reuters) – SoftBank Group Corp (9984.T) is nearing a deal to invest $1.5 billion in Grab, three times a previously expected $500 million, as Southeast Asia’s biggest ride-hailing firm looks to expand, a person with knowledge of the matter said. Six-year old Grab has so far raised over $6.5 billion, led by SoftBank, Chinese ride-hailing firm Didi Chuxing and Toyota Motor Corp (7203.T). After a fund…

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Sports 

Sri Lanka’s former PM Wickremesinghe to return to post on Sunday: lawmaker, source

Sri Lanka’s ousted Prime Minister Ranil Wickremesinghe looks on during a parliament session in Colombo, Sri Lanka December 5, 2018. REUTERS/Dinuka Liyanawatte COLOMBO (Reuters) – Former Sri Lankan Prime Minister Ranil Wickremesinghe will return to the post on Sunday, a lawmaker from his party and a source at the president’s office said, likely ending a political crisis that began in late October when he was ousted in a surprise decision. The South Asian island country had plunged into instability after President Maithripala Sirisena replaced Wickremesinghe with Mahinda Rajapaksa, who was…

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Technology 

Intel, TPG in early talks to sell McAfee to Thoma Bravo: source

McAfee computer security software is shown for sale at a computer store in San Marcos, California, U.S., May 15, 2017. REUTERS/Mike Blake (Reuters) – Private equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp, a source familiar with the matter said on Friday. Talks are at an early stage and there is no guarantee they will lead to a deal, the source said. The talks were reported earlier by CNBC. Intel and TPG declined to comment, while Thoma…

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