DJI has unearthed cases of fraud involving its own employees that may trigger losses of about $150-million for the world’s largest drone maker.
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Google is to take over part of fashion firm Fossil’s smartwatch technology in a $40-million deal to bolster its wearable efforts.
Tesla is to cut its workforce by about 7% after a difficult year for the electric car maker. “The road ahead is very difficult,” the company’s founder and CEO Elon Musk said in an e-mail to employees.
Netflix’s Bird Box, You and other new programmes helped attract millions more subscribers to the streaming service last quarter. But slower sales growth disappointed investors riding high on a 50% stock gain in recent weeks.
Oxford University is suspending research grants and funding donations from Huawei amid growing security concerns about the Chinese firm’s telecommunication technology.
Apple boss Tim Cook has taken aim at invisible data brokers who trade users’ personal data, as the iPhone maker continues to distance itself from rivals on the issue of privacy.
The company has forecast quarterly revenue sharply below projections, underscoring the deepening slowdown in both iPhone sales and the global economy.
US authorities are investigating the Chinese technology giant for allegedly stealing trade secrets from US partner companies like T-Mobile US, according to people familiar with the matter.
Apple will cut back on hiring for some divisions after selling fewer iPhones than expected and missing its revenue forecast for the holiday quarter, according to people familiar with the matter.
Ren Zhengfei, the billionaire founder of Huawei Technologies, broke a years-long silence as his technology empire faces its biggest crisis over three decades of existence.