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  • Cloud computing illustration

    Cloud company Nutanix scrambled to avoid a situation that has increasingly marred tech IPOs: a price that is below the private funding round.

  • FRANKFURT/ SAN FRANCISCO, Sept 29- A Tesla Motors Inc car operating under Autopilot collided with a bus in northern Germany, but the electric car maker said a collision was unavoidable because the bus swerved into the vehicle's lane. It has been the focus of intense scrutiny since it was revealed in July that a Tesla Model S driver was killed while using the...

  • SAN FRANCISCO, Sept 29- In the run-up to its initial public offering, cloud computing company Nutanix scrambled to avoid a situation that has increasingly marred technology IPOs: a price that is below the most recent private funding round. After initially pricing shares at $11 to $13, a range that set the company up for a valuation nosedive, Nutanix on Thursday...

  • Sept 29- NXP Semiconductors NV is exploring selling itself to Qualcomm Inc in a deal that could be valued at more than $30 billion, two sources familiar with the matter said on Thursday. An agreement with Qualcomm could be struck in the next two to three months, according to the Wall Street Journal, which first reported news of the talks. Representatives for...

  • Sept 29- Qualcomm Inc is in talks to buy NXP Semiconductors NV in a deal that could be valued at more than $30 billion, two sources familiar with the matter said on Thursday, which would help diversify Qualcomm's business and make it a bigger supplier to the automotive industry. Representatives for Netherlands- based NXP and San Diego- based Qualcomm declined to...

  • FRANKFURT/ SAN FRANCISCO, Sept 29- A Tesla Motors Inc car operating under Autopilot collided with a bus in northern Germany, but the electric car maker said a collision was unavoidable because the bus swerved into the vehicle's lane. It has been the focus of intense scrutiny since it was revealed in July that a Tesla Model S driver was killed while using the...

  • SAN FRANCISCO, Sept 29- In the run-up to its initial public offering, cloud computing company Nutanix scrambled to avoid a situation that has increasingly marred technology IPOs: a price that's below the most recent private funding round. After bumping up its price Wednesday to $13 to $15 per share, Nutanix will be valued at $1.9 billion at the mid-point of that...

  • FRANKFURT, Sept 29- A Tesla car whose driver said he was using the "Autopilot" driving assistance system crashed into a bus on a motorway in northern Germany on Wednesday, police in the German town of Ratzeburg said on Thursday. Tesla's Autopilot, introduced last October, has been the focus of intense scrutiny since it was revealed in July that a Tesla Model S driver...

  • John Stumpf faced more bipartisan outrage from the House Financial Services Committee, following a grilling he received last week from a Senate panel. U.S. and California regulators have fined San Francisco- based Wells Fargo $185 million, saying bank employees trying to meet sales targets, opened up to 2 million fake deposit and credit card accounts without...

  • ST. LOUIS, Sept 28- Investors may be expecting a U.S. interest rate increase in December, but Federal Reserve policymakers remain divided over whether the economy is mired in a rut, strong enough to withstand an immediate hike or hovering somewhere in between. "The low interest rate environment is not just a U.S. phenomenon, or simply a situation engineered by...

  • ST. LOUIS, Sept 28- Investors may be expecting a U.S. interest rate increase in December, but Federal Reserve policymakers remain divided over whether the economy is mired in a rut, strong enough to withstand an immediate hike or hovering somewhere in between. "The low interest rate environment is not just a U.S. phenomenon, or simply a situation engineered by...

  • WASHINGTON— Wells Fargo's CEO, newly stripped of tens of millions in compensation in a scandal over sales practices, will face lawmakers with more defenses than he had in the last round, when some senators called for his resignation. Chief Executive John Stumpf comes into Thursday's hearing before the House Financial Services Committee able to cite the...

  • ST. LOUIS, Sept 28- Investors may be expecting a U.S. interest rate increase in December, but Federal Reserve policymakers remain divided over whether the economy is mired in a rut, strong enough to withstand an immediate hike or hovering somewhere in between. "The low interest rate environment is not just a U.S. phenomenon, or simply a situation engineered by...

  • ST. LOUIS, Sept 28- Investors may be expecting a U.S. interest rate increase in December, but Federal Reserve policymakers remain divided over whether the economy is mired in a rut, strong enough to withstand an immediate hike or hovering somewhere in between. "The low interest rate environment is not just a U.S. phenomenon, or simply a situation engineered by...

  • LAS VEGAS— Union members are calling on the public to boycott Republican presidential nominee Donald Trump's businesses nationwide because he isn't negotiating a contract with the more than 500 eligible workers at his high-rise Las Vegas hotel. The group is the parent organization of the Culinary Union, which represents about 57,000 Las Vegas- area...

  • PARIS— Volkswagen CEO Matthias Mueller says the company is cooperating with U.S. authorities and hopes to reach a settlement on a fine with the Justice Department for equipping diesel vehicles to cheat on emissions tests. Mueller said the company admits it "made a big mistake" and that "we have worked on a very cooperative basis with the authorities in Germany,...

  • SAN FRANCISCO— A soda tax is on the Nov. 8 ballots of three San Francisco Bay Area cities as part of a national movement by advocates to curb consumption of liquid sugar. Here's a closer look at the proposals:. All three measures levy a penny-per-ounce tax on distributors of beverages with more than 25 calories per 12 ounces.

  • SAN FRANCISCO— The national fight over sugary soda is bubbling up in the San Francisco Bay Area, where voters in November will consider a tax on the drinks that many health experts say contribute to diabetes, obesity and tooth decay. Backers of the campaign say a penny-per-ounce tax is needed in San Francisco, Oakland and tiny Albany to curb consumption of...

  • Sears is betting on its Shop Your Way loyalty plan, which offers points and tailored deals to members, as the company looks to revive sales. The program, Rider Rewards, is currently available in Chicago and New York City, and will be rolled out nationally soon, the companies said. While new drivers who sign up to drive with Uber through Shop Your Way will get up to $1,000...

  • Wells Fargo is under pressure to show it is holding top brass accountable after government investigators discovered that employees opened as many as 2 million accounts without customers' knowledge in order to meet sales targets. On Tuesday, Wells Fargo said CEO John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary...