(Reuters) – Space-tourism company Virgin Galactic Holdings said on Monday that a four-member test flight will take place in May and that it aims to launch its first commercial flight in late June. Shares jumped 4% after the company said the May mission would be the final test of the spaceflight system and astronaut experience…
By Lisa Richwine LOS ANGELES (Reuters) – Ronald D. Moore started his television writing career in 1989 in a junior-level job on “Star Trek: The Next Generation” before he rose through the ranks to produce hits such as “Battlestar Galactica” and “Outlander.” That path to success is hard to find in today’s Hollywood, Moore and…
By Akash Sriram (Reuters) -U.S. electric-vehicle startups are expected to report another quarter of dwindling cash reserves next week, piling pressure on a group of companies that are struggling to ramp up production and have few options for funding in a turbulent economy. Having gone public with hopes of shaking up the automobile industry, these…
HANOI (Reuters) – Chinese automaker BYD Co. plans to expand into electric vehicles manufacturing and assembly in Vietnam, according to a Vietnamese government statement citing the company’s chair. Reuters in January exclusively reported that the Xian-based EV maker had plans to open a plant in Vietnam to produce car parts, with the aim to export…
SINGAPORE (Reuters) -Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday, citing heavy volumes and a surge in processing fees, before clearing them at a higher cost. Late on Sunday and again early on Monday the world’s biggest crypto exchange shut bitcoin withdrawals saying there was a glut of pending transactions because it…
(Reuters) – Crypto exchange Binance said that it has resumed Bitcoin withdrawals after a brief closure due to a congestion issue. Binance had paused withdrawal of Bitcoin, the world’s largest cryptocurrency, for more than an hour. Binance did not provide any further details on the issue. The world’s largest crypto exchange on March suspended deposits…
OMAHA/NEW YORK (Reuters) – Warren Buffett said on Saturday that Apple Inc is a better business than any other in Berkshire Hathaway Inc’s portfolio. “Apple is different than the other businesses we own. It just happens to be a better business,” said Buffett during Berkshire’s annual meeting in Omaha, Nebraska. Berkshire revealed a $1 billion…
(Reuters) – A federal judge in Idaho on Thursday dismissed the U.S. Federal Trade Commission’s lawsuit against Kochava Inc alleging that the data broker unfairly sold geolocation data but gave the regulator an opportunity to revise its case. In a 35-page ruling, U.S. District Court Judge Lynn Winmill granted a motion the Idaho-based company filed…
WASHINGTON (Reuters) – The FBI said on Friday it was coordinating with the city of Dallas, Texas, over a ransomware incident that disrupted several public services, closing courts and knocking emergency services websites offline this week. “The FBI is aware of the incident and coordinating with the city of Dallas. As this is ongoing, we…
By Jane Lanhee Lee Santa Clara, California (Reuters) – Silicon Valley’s U.S. Democratic Representative Ro Khanna and the director of the National Science Foundation (NSF) warned on Friday against delays to funding for U.S. research in the face of surging technology investment by rivals such as China. While the CHIPS and Science Act authorized the…
