WILMINGTON, Del. (Reuters) – Facebook Inc has dropped its plan to issue Class C stock, according to an attorney who sued the company on behalf of a Facebook shareholder because the plan would have allegedly extended founder Mark Zuckerberg’s control over the company.
SAN FRANCISCO/SYDNEY/TOKYO (Reuters) – Apple Inc’s launch of the iPhone 8 kicked off with less fanfare on Friday than new models in previous years in the United States, Asia, Australia and Britain, as fans held out for the premium iPhone X, due out in early November.
PARIS (Reuters) – French President Emmanuel Macron said on Friday a decision by Finnish telecom equipment maker Nokia to cut about 600 jobs in France did not comply with commitments the firm made when it bought rival Alcatel-Lucent in 2016.
LONDON (Reuters) – London deemed Uber unfit to run a taxi service on Friday and stripped it of its license to operate from the end of next week in a major blow to the U.S. firm and 3.5 million users in one of the world’s wealthiest cities.
FRANKFURT (Reuters) – Bitcoin is not a currency but a mere instrument of speculation, the vice president of the European Central Bank said on Friday, comparing the digital currency to tulip bulbs during the 17th century trading bubble in the Netherlands.
WASHINGTON (Reuters) – SolarCity will pay $29.5 million to settle a long-running investigation into allegations it violated federal law by submitting inflated claims to the government through a popular stimulus program set up during the Obama administration, the U.S. Justice Department said Friday.