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Today's Technology Headlines
Tencent-backed Qutoutiao files for U.S. IPO
Fri, 17 Aug 2018 18:18:22 -0400
Chinese content aggregator Qutoutiao Inc, which is backed by technology giant Tencent Holdings Ltd, filed for an initial public offering of up to $300 million with the U.S. Securities and Exchange Commission on Friday.

Tesla Inc's shares slumped 9 percent on Friday after Chief Executive Officer Elon Musk told the New York Times he was under major emotional stress and was preparing for "extreme torture" from short sellers.

Nvidia Corp shares fell as much as 5 percent in after-hours trading on Thursday after the chip maker said cryptocurrency-fueled demand had dried up and it forecast sales below Wall Street targets, overshadowing quarterly results that otherwise beat expectations.

Several Tesla Inc shareholders have told Reuters they are concerned that the electric car maker will have to pay more to fund its growth if it becomes a private company and loses the ability to sell new shares to stock market investors.

Rovio Entertainment , the maker of the "Angry Birds" mobile game series and movie, on Friday reported an increase in second-quarter sales at its games business, providing a positive sign for investors after a profit warning in February.

The summer roller-coaster in two of the four big-cap 'FANG' names - Facebook Inc, Amazon.com Inc, Netflix Inc and Google-parent Alphabet Inc - has led to a shift, albeit slight, into value stocks.

Uber [UBER.UL] the global ride-hailing company, is considering expanding into two other East African countries before the end of 2018, focusing on low cost services like Chap Chap in Kenya, the company said on Friday.

Elon Musk's rocket company, SpaceX, could help fund a bid to take electric car company Tesla Inc private, the New York Times reported on Thursday, quoting people familiar with the matter.

Ride-hailing company Uber Technologies Inc [UBER.UL] plans to open a 250 million reais ($64 million) center in Brazil to develop technology to improve safety for its riders and drivers, including for drivers to accept cash, a key payment method in its rapid expansion in Latin America, the company said on Friday.

Fears of e-commerce taking off in Brazil have sunk shares of the country's big mall operators this year, but industry executives expressed confidence that local shopping habits, the reputation of malls as public spaces safe from crime and other factors will help them avoid the shakeout that has hit their U.S. peers.

ENTERTAINMENT NEWS
"Grease" stars Olivia Newton-John and John Travolta on Wednesday celebrated the 40th anniversary of ...
A funeral for the late recording star Aretha Franklin has been scheduled for Aug. 31 in Detroit, fol...
When Motown great Smokey Robinson saw his lifelong friend Aretha Franklin play music for the first t...
SPORTS NEWS
Golf: Hovland wins U.S. Amateur Championship
Sun, 19 Aug 2018 23:10:12 -0400
Viktor Hovland of Norway described his week as "flawless" after becoming the first Scandinavian man ...
Report: Chargers CB Watkins tears ACL
Sun, 19 Aug 2018 21:29:47 -0400
Los Angeles Chargers safety Jaylen Watkins tore his ACL in a Saturday night preseason game, NFL Netw...
Snedeker seals wire-to-wire Wyndham win
Sun, 19 Aug 2018 20:45:17 -0400
Brandt Snedeker saw off a challenge from Taiwan's C.T. Pan to claim a three-stroke win at the Wyndha...
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FINANCE NEWS
The Chicago Teachers' Pension Fund's board of trustees voted on Friday to phase out investments in c...
U.S. President Donald Trump asked securities regulators to explore replacing quarterly reporting req...
U.S. President Donald Trump said on Friday he has asked the U.S. Securities and Exchange Commission ...
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