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Business court death email GM 

GM creditor trust drops settlement with ignition switch plaintiffs

August 17, 2017 By Brendan Pierson NEW YORK (Reuters) – In a blow to people suing General Motors Co over faulty ignition switches and other alleged vehicle defects, a trust that holds many GM liabilities from before its 2009 bankruptcy has canceled a settlement that sought to force the automaker to pay $1 billion in shares to resolve millions of claims. The claims stem from GM’s 2014 recall of 2.6 million vehicles with defective ignition switches, including one linked to 124 deaths. They have since expanded to include millions of…

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Business email lawsuit report Uber Technologies Inc 

Uber, beset by scandal, faces battle over ‘destructive’ lawsuit

August 12, 2017 By Heather Somerville SAN FRANCISCO (Reuters) – Ride-services company Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company’s ousted chief executive, Travis Kalanick, dealing another blow to the firm as it struggles to recover from a series of scandals and hire a new leader. On Friday morning, three Uber investors asked Benchmark to divest its shares and step down from Uber Technologies Inc’s [UBER.UL] board, according to an email published by news website Axios and…

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cable channel email HBO Tech Top News 

HBO offered $250,000 to hackers in bid to delay data release

August 12, 2017 By Jessica Toonkel (Reuters) – Time Warner Inc’s HBO network last month offered $250,000 to cyber criminals who hacked into its computer system, asking them to extend a deadline for paying a much larger ransom, according to an email reviewed by Reuters. “You have the advantage of having surprised us,” a member of HBO’s technology team said in the July 27 email. “In the spirit of professional cooperation, we are asking you to extend your deadline for one week.” The attack came at a sensitive time for…

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Business email lawsuit report Uber Technologies Inc 

Uber investors seek to oust Benchmark after ‘destructive’ lawsuit -report

August 11, 2017 By Heather Somerville SAN FRANCISCO (Reuters) – A lawsuit filed by investor Benchmark Capital against ousted Uber Chief Executive Travis Kalanick has raised the ire of three investors who on Friday asked the venture firm to divest its shares and step down from the ride-services company’s board, according to an email published by news website Axios. Investors Shervin Pishevar of Sherpa Capital, Ron Burkle of Yucaipa Companies and Adam Leber, an angel investor who works for music company Maverick, signed the email and said Benchmark’s lawsuit harms…

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email industry study Tech Top News U.S. 

U.S. blockchain company in tie-up on medical artificial intelligence

August 11, 2017 By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – U.S. technology company The Bitfury Group has formed a partnership with Insilico Medicine, a Baltimore-based medical artificial intelligence (AI) firm, to create new applications for the healthcare industry using blockchain, Bitfury’s chief executive officer said on Friday. Blockchain is a digital ledger of transactions that gained prominence as the software underpinning the digital currency bitcoin. The technology, being developed in the public and private sectors, has gained attention globally for its ability to permanently record and track assets or transactions…

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Business email Ford Germany KBA U.S. 

Ford Germany says all models, engines comply with emissions rules

August 10, 2017 BERLIN (Reuters) – Ford’s division in Germany said on Thursday that all its vehicles and engines, including its latest diesel motors, comply with current emissions guidelines. Ford is not using illegal devices to cheat on emissions tests, the carmaker’s German division said by email. Germany’s WirtschaftsWoche magazine reported earlier on Thursday that the U.S. carmaker’s mid-sized Mondeo model was being inspected by the German vehicle authority KBA for the possible use of cheating devices. Ford said it has been contacted by the KBA about its Mondeo 2.0…

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Business email Exclusive Tesla Nevada talk 

Exclusive: Tesla developing self-driving tech for semi-truck, wants to test in Nevada

August 9, 2017 By Marc Vartabedian SAN FRANCISCO (Reuters) – Tesla Inc is developing a long-haul, electric semi-truck that can drive itself and move in “platoons” that automatically follow a lead vehicle, and is getting closer to testing a prototype, according to an email discussion of potential road tests between the car company and the Nevada Department of Motor Vehicles (DMV), seen by Reuters. Meanwhile, California officials are meeting with Tesla on Wednesday “to talk about Tesla’s efforts with autonomous trucks,” state DMV spokeswoman Jessica Gonzalez told Reuters. The correspondence…

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Business Danielle Brown email industry San Francisco Editing 

Google fires employee behind anti-diversity memo

August 8, 2017 By David Ingram and Ishita Palli (Reuters) – Internet giant Google has fired the male engineer at the center of an uproar in Silicon Valley over the past week after he authored an internal memo asserting there are biological causes behind gender inequality in the tech industry. James Damore, the engineer who wrote the memo, confirmed his dismissal, saying in an email to Reuters on Monday that he had been fired for “perpetuating gender stereotypes”. Damore said he was exploring all possible legal remedies, and that before…

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Business email fraud Hong Kong-listed Chinese tax 

As short sellers target Chinese companies in Hong Kong, hostility mounts

August 7, 2017 By Michelle Price HONG KONG (Reuters) – Short sellers are increasingly targeting Hong Kong-listed Chinese companies they allege have committed accounting tricks, market manipulation and fraud. And that’s despite mounting hostility faced by investors who bet against stocks. This year, there have been nine campaigns by short sellers against Hong Kong-listed companies as of mid-July, a record for the period, according to data from Activist Insight. This time last year there had been only two and in 2015 six. Short sellers said increasing capital flows between mainland…

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Apple Inc case email lawsuit Tech Top News 

Apple fails to end lawsuit claiming it ‘broke’ FaceTime

July 31, 2017 By Jonathan Stempel (Reuters) – Apple Inc has failed in its bid to dismiss a lawsuit claiming it disabled the popular FaceTime video conferencing feature on older iPhones to force users to upgrade. U.S. District Judge Lucy Koh ruled late on Friday that iPhone 4 and 4S users can pursue nationwide class action claims that Apple intentionally “broke” FaceTime to save money from routing calls through servers owned by Akamai Technologies Inc . Neither Apple nor lawyers for the plaintiffs immediately responded on Monday to requests for…

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