The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Former Uber CEO Travis Kalanick shed more light on why he wanted to hire Anthony Levandowski, the engineer accused of stealing trade secrets from Waymo, the self-driving car company owned by Google parent Alphabet.
Kalanick's testimony came as part of the dramatic trade secrets trial between Uber and Waymo that is happening this week in San Francisco.
"I wanted to hire Anthony and he wanted to start a company, so I tried to come up with a situation where he could feel like he started a company and I could feel like I hired him," Kalanick said on the stand Tuesday afternoon.
Through testimony and presentations over last two days, Waymo's lawyers have tried to show how desperate Uber was to catch up to Google's self-driving car efforts and how Kalanick believed that Levandowski could provide a big advantage to closing that gap.
During proceedings on Tuesday, Kalanick admitted that Levandowski met at Uber's office in late 2015, before Levandowski left Waymo to start self-driving truck company Otto. Kalanick confirmed the two of them discussed the possibility of Uber acquiring his company, even though no business existed at that time. Kalanick saying it was either "late 2015 or early 2016"
Notes from John Bares, Uber's engineering manager, during a meeting with Kalanick suggest Kalanick wanted "IP" or intellectual property from the acquisition of Levandowski's company.
Notes from another meeting between Kalanick and Levandowski from January 3, 2016, show the two discussed lasers for self-driving car technology.
In its opening arguments on Monday Waymo painted Uber as a competitor that "needed to win at all costs."
Waymo spent a significant amount of time on Tuesday questioning Kalanick about prior comments he made saying autonomous driving is an "existential" crisis for Uber. Kalanick responded by saying "If you're running a tech company and you're not making new innovation, you become part of the past."
Uber however, is arguing that this case is about the fight for top engineering talent. "Engineers, California and everywhere else in America, are free to go from one job to the other. They don't get a lobotomy in between. They bring all their engineering talent, all the skills they've learned, their education, the publicly known stuff they've worked with, and they can work on the very same technology in the new company," Uber's lawyer Bill Carmody said Monday.
Overall, this case hangs on whether or not Waymo can prove that Uber improperly acquired, used, and benefited from any of eight "trade secrets" in question.
Uber argued on Monday that these trade secrets are not trade secrets at all, and that Waymo brought this case over fears of losing talent to competitors.
Waymo is seeking damages from Uber and an injunction to shut down its plans to use driverless car technology.