Category: News Site

Renault slumps to record 7.3 billion euro net loss in first half

FILE PHOTO: A Renault car is seen in a show room at a Renault carmaker dealer, amid the coronavirus disease (COVID-19) outbreak in Sint-Pieters-Leeuw, Belgium May 29, 2020. REUTERS/Yves Herman PARIS (Reuters) – French carmaker Renault (RENA.PA) posted a record net loss of 7.292 billion euros in the first half of this year, dragged down… Continue reading Renault slumps to record 7.3 billion euro net loss in first half

AUTO1 raises $300 million to develop used-car retail platform

FILE PHOTO: A worker loads a second hand car on a car transporter truck at the Auto1.com company grounds in Zoerbig, Germany January 28, 2017. Picture taken January 28, 2017. REUTERS/Fabrizio Bensch BERLIN (Reuters) – AUTO1 Group, the European digital used-car trading platform, said on Thursday it had raised 255 million euros ($300 million) from… Continue reading AUTO1 raises $300 million to develop used-car retail platform

The Big Tech Hearing Proved Congress Isn’t Messing Around

Legally speaking, this is damning stuff. The Clayton Act of 1914, the main federal antitrust statute, explicitly prohibits corporate acquisitions if “the effect of such acquisition may be substantially to lessen competition, or to tend to create a monopoly.” As Jerrold Nadler, the chairman of the House Judiciary Committee of which the antitrust subcommittee is… Continue reading The Big Tech Hearing Proved Congress Isn’t Messing Around

The Facebook and Amazon Documents That Captivated the Hearing

The CEOs of four of the world’s biggest tech companies gathered in the same Webex room Wednesday for their first-ever joint appearance before Congress. The most fascinating revelations of the five-plus hour hearing came not from their testimony but from documents gathered by House investigators and released during the session. Committee members said the presentations,… Continue reading The Facebook and Amazon Documents That Captivated the Hearing

Hackers Broke Into Real News Sites to Plant Fake Stories

Over the past few years, online disinformation has taken evolutionary leaps forward, with the Internet Research Agency pumping out artificial outrage on social media and hackers leaking documents—both real and fabricated—to suit their narrative. More recently, Eastern Europe has faced a broad campaign that takes fake news ops to yet another level: hacking legitimate news… Continue reading Hackers Broke Into Real News Sites to Plant Fake Stories

Samsung looks forward to quantum dot TVs, new game systems and phones

Sponsored Links VCG via Getty Images Samsung released its earnings results for between April and June and despite the pandemic, the company’s operating profit jumped 23 percent from the same time last year, reaching $6.81 billion even as its revenue dropped. As more people shifted to working and studying from home, data centers bought more… Continue reading Samsung looks forward to quantum dot TVs, new game systems and phones

Apple’s App Store antitrust questions will be uncomfortable for Valve

Sponsored Links C-SPAN During today’s Congressional hearing into potential antitrust violations by the United States’ four largest tech companies, representatives described systemic problems with Apple’s App Store and, by extension, Google’s Play Store. Speaking directly to Apple CEO Tim Cook and Alphabet CEO Sundar Pichai, members of the House Judiciary Committee shared stories about the… Continue reading Apple’s App Store antitrust questions will be uncomfortable for Valve

Congress grills Facebook over its acquisitions and feature cloning

Sponsored Links Pool via Getty Images During a massive antitrust hearing, Congress tried to force Mark Zuckerberg to answer some of the toughest questions yet around Facebook’s acquisitions.  The company’s 2012 deal to buy Instagram for $1 billion came under particular scrutiny when lawmakers quoted from several emails among Facebook’s top executives, who talked about… Continue reading Congress grills Facebook over its acquisitions and feature cloning

GM Shows Construction Progress At Ultium Cells Battery Plant

General Motors showed today new photos of its all-new Ultium Cells LLC battery cell manufacturing facility in Lordstown, Ohio, to mark the beginning of steel construction. The company said that the joint venture project with LG Chem is progressing on schedule. “Since May 2020, ground has been broken and concrete footings have been poured at… Continue reading GM Shows Construction Progress At Ultium Cells Battery Plant