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LeEco chairman says cash crunch ‘far worse than expected’

HONG KONG (Reuters) – LeEco’s cash problems are “far worse than expected” and the funds raised in recent months are …read more Source: Reuters Tech News

Australia probes Uber recruitment as drivers seek employee status

SYDNEY (Reuters) – Australia’s workplace regulator on Wednesday said it is investigating U.S. ride-hailing firm Uber Technologies Inc [UBER.UL] over …read more Source: Reuters Tech News

Toshiba says suing Western Digital for $1 billion

TOKYO (Reuters) – Japan’s Toshiba Corp said on Wednesday it is filing a lawsuit against joint venture partner Western Digital …read more Source: Reuters Tech News

India’s largest container port hit by global cyber attack

MUMBAI (Reuters) – Operations at one of three terminals at India’s largest container port JNPT, on the outskirts of India’s …read more Source: Reuters Tech News

JPMorgan Chase to centralize energy controls for 4,500 branches

NEW YORK (Reuters) – JPMorgan Chase & Co is shifting control of heating, air-conditioning and lighting in 4,500 of its …read more Source: Reuters Tech News

Toshiba to meet shareholders with no chip unit deal signed

CHIBA, Japan (Reuters) – Japan’s Toshiba Corp is expected to face the wrath of shareholders at its annual meeting …read more Source: Reuters Tech News

Cyber attacks have long-lasting business impact: Lloyd’s of London

LONDON (Reuters) – Businesses in Europe underestimate the “slow-burn” effects of cyber attacks and need to prepare more fully for …read more Source: Reuters Tech News

Drive.ai raises $50 million in funding; Andrew Ng joins board

SAN FRANCISCO (Reuters) – Self-driving startup Drive.ai said on Tuesday it raised $50 million in a second round of funding …read more Source: Reuters Tech News

Even a $2.7 billion fine can't hurt Google

The European Commission has fined Google $2.7 billion, but that won’t hurt the search giant. …read more Source: Yahoo Technology Feed

SpaceX plans expansion of rocket refurbishing facilities in Florida

CAPE CANAVERAL, Fla. (Reuters) – SpaceX wants to expand facilities in Florida to refurbish and store its reusable rocket boosters …read more Source: Reuters Tech News