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Cruise, GM to seek US okay for self-driving vehicle without pedal, steering wheel

Self-driving car maker Cruise said on Wednesday it and majority shareholder General Motors Co would seek U.S. regulatory approval in coming months to deploy a limited number of Cruise Origin vehicles without steering wheels or pedals.

Markets

Tesla sets revenue record, makes profit thanks to pollution credit sales to rivals

Tesla Inc on Wednesday reported its fifth consecutive quarterly profit on record revenue of US$8.8 billion, boosted by an uptick in vehicle deliveries and sales of environmental regulatory credits to other automakers.

Markets

Cyber security firm McAfee raises US$620 million in US IPO

REUTERS: Cyber security firm McAfee Corp sold shares in its initial public offering (IPO) on Wednesday at US$20 a piece, within its target range, to raise US$620 million. The IPO valued McAfee, which is backed by U.S. private equity firms TPG and Thoma Bravo, at US$8.6 billion based on...

Markets

Facebook launches dating service in Europe

Facebook Inc said on Wednesday it is launching its dating service in 32 European countries after the rollout was delayed earlier this year due to regulatory concerns.

Markets

Spammers and scammers using US election to turn profit online, Facebook says

Fraudsters from Albania to Vietnam are posting about U.S. politics and the upcoming presidential election to build fake audiences, maximise clicks and make money online, Facebook Inc said on Wednesday.

Markets

Airbnb hires former Apple designer Jony Ive’s firm for multi-year partnership

Home rental company Airbnb Inc on Wednesday said it was hiring former Apple designer Jony Ive and his firm to design new Airbnb products and services under a multi-year deal.

Markets

Crown Resorts likely to be hit by protest vote against directors, remuneration

The chairwoman of Crown Resorts apologised to shareholders on Thursday for governance failings that rattled the casino group this month and may lead to a "significant" protest vote against the re-election of some directors.

Markets

GM sells out first year of electric Hummer production

General Motors Co said it has sold out the first year's worth of its hulking GMC Hummer EV electric pickup truck after a splashy video reveal on Tuesday.

Markets

Ermotti hands US$1.5 billion buyback baton to Hamers after UBS profit blowout

Sergio Ermotti, the outgoing chief executive officer of UBS Group AG , has agreed to serve as chairman of Investindustrial Acquisition Corp, the blank check company said in a U.S. filing.

Markets

Asian investors prepare for choppy trade as US stimulus talks drag on

Asian investors prepared for rough trading on Thursday after a bumpy session on Wall Street amid fears that agreement on a key U.S. stimulus bill will not be reached until after the presidential election on Nov. 3.

Markets

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