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Chinese electric car makers, nurtured by state, now look for way out of glut

Chinese electric car makers, nurtured by state, now look for way out of glut

HANGZHOU, China (Reuters) – Humming away in an industrial estate in the eastern Chinese resort city of Hangzhou, electric vehicle designer Automagic is one of hundreds of companies looking to ride the country’s wave of investment in clean transportation. The company wants to find a niche in a crowded sector that already includes renewable equipment [...]

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Waive wireless bills for some Hurricane Michael victims: U.S. FCC chief

Waive wireless bills for some Hurricane Michael victims: U.S. FCC chief

WASHINGTON (Reuters) – U.S. Federal Communications Commission Chairman Ajit Pai on Tuesday called for wireless carriers to waive October bills for people hardest hit by Hurricane Michael after some Florida residents expressed frustration in getting mobile phone service restored. Pai also said consumers in those areas should be allowed to switch carriers without paying a [...]

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IBM revenue misses as server, software sales slow

IBM revenue misses as server, software sales slow

(Reuters) – IBM Corp reported a bigger-than-expected drop in revenue on Tuesday, hit by slowing software sales and wavering demand for mainframe servers, pointing to a bumpy recovery for the technology services giant that is in the midst of a turnaround. Chief Executive Officer Ginni Rometty has been refocusing International Business Machines Corp toward faster-growing [...]

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