By Curtis Skinner SAN JOSE, Calif. (Reuters) – The lounge in downtown San Jose, California, looks like any sports pub. Fans crowd around the bar, perch over tables and stare at TV screens, rooting for favorite teams and cheering spectacular plays
Read moreBy Arno Schuetze and Alexander Hübner FRANKFURT (Reuters) – Online meal preparation firm HelloFresh is readying a stock market listing this year as it seeks to capitalize on buoyant equities markets and investor appetite for the Internet food market, according to three people familiar with the matter. Majority owner Rocket Internet and co-investors have mandated Morgan Stanley and Goldman Sachs to organize the listing, the sources said.
Read moreLinkedIn's shares were down 3.9 percent in after-hours trading, however, as investors focused on the company's widening losses and an underwhelming full-year revenue forecast. LinkedIn has been spending heavily to acquire businesses and build up its sales and development teams in an effort to leverage off its 380 million members.
Read moreBy Jim Finkle and Bernie Woodall BOSTON/DETROIT (Reuters) – A researcher is advising drivers not to use a mobile app for General Motors Co's OnStar vehicle communications system, saying hackers can exploit a security flaw in the product to unlock cars and start engines remotely. “White-hat” hacker Samy Kamkar posted a video on Thursday saying he had figured out a way to “locate, unlock and remote-start” vehicles by intercepting communications between the OnStar RemoteLink mobile app and the OnStar service.
Read moreBy Yasmeen Abutaleb MENLO PARK, Calif. (Reuters) – Facebook Inc announced on Thursday it has completed building its first full-scale drone, which has the wingspan of a Boeing 737 and will provide Internet access to the most remote parts of the world. The plane will weigh about 880 pounds (400 kg), said Yael Maguire, the company's engineering director of connectivity
Read moreFacebook Inc reported quarterly revenue that beat forecasts but its profit fell 9 percent as the social media company sharply increased spending to boost mobile revenue and future growth. “We're investing in the next set of services and what will be future investments like Messenger, WhatsApp and Oculus,” Chief Operating Officer Sheryl Sandberg said in an interview on Wednesday after the earnings report. Messenger has more than 700 million users, and the app has been downloaded more than 1 billion times on Android, Google Inc's mobile operating system, Facebook said
Read moreYelp, owner of consumer review website Yelp.com, reported a second-quarter loss on Tuesday and forecast revenue for the current quarter that was far below expectations. As of Tuesday's close, Yelp – now valued at about $1.8 billion – had already lost 39 percent of its value this year. Unless Yelp can come up with a strategy to boost its financial performance, the San Francisco-based company should consider selling itself, several analysts said.
Read moreBy Brendan O’Brien MILWAUKEE (Reuters) – Nicole Anderson rode along a busy Milwaukee thoroughfare where she got plenty of stares, double takes and fingers pointing at her not only because she was nude, but because she was painted head to toe like a lion. Interest in all things lions has reached new heights in Milwaukee as the city’s fixation with its feline version of Bigfoot – does it exist and is it really a lion
Read more(Reuters) – Baidu Inc's quarterly profit missed analysts' estimates as China's biggest Internet search company spent heavily to diversify away from its core search advertising business, which is becoming less profitable and more competitive.
Read moreBy Euan Rocha TORONTO (Reuters) – Deal-making activity in Canada’s venture capital and private equity arena surged in the first half of 2015, driven by a spate of financings in the tech start-up space and large investments in energy assets, data from Thomson Reuters showed on Monday. The data indicates there was C$636 million ($488.48 million) in venture capital invested in 143 deals in the second quarter, a sum that was 15 percent higher than that invested by VC firms in the first quarter. This propelled VC investments in the first half of this year to C$1.19 billion, a 33 percent increase from the first half of last year and the strongest first half for VC funding in Canada since 2002.
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