SoftBank, Alibaba team up on robot: SoftBank Corp. has enlisted Chinese e-commerce giant Alibaba Group Holding Ltd. to support its plan to bring humanoid robots out of movies and comic books and into the real world. (The Wall Street Journal)
U.S. hedge fund steps up campaign against $8 bln Samsung asset shake-up: U.S. hedge fund Elliott ramped up a campaign to block a proposed $8 billion merger of two Samsung Group firms on Thursday, laying out its case online a day before a court hearing on a deal seen key to a leadership succession in the family-run conglomerate.
Escalating what is already a rare case of shareholder activism in South Korea, the fund put online a 27-page paper detailing why shareholders in construction firm Samsung C&T Corp should reject the all-stock takeover offer from sister company Cheil Industries Inc. (Reuters)
So, about that Uber ruling: Some bad news broke for Uber today — the California Labor Commission ruled that one of the company’s drivers was an employee.
Uber has long insisted that those drivers are independent contractors, not employees, and that’s a key part of the business model. However, Uber’s situation isn’t nearly as dire as it first seemed. (Tech Crunch)
Why Amazon’s drone delivery is growing trickier: Amazon’s quest for commercial drone delivery will likely face state and federal hurdles—which makes the e-commerce giant’s efforts to implement autonomous delivery all the more difficult, a venture capitalist and early Amazon investor said Wednesday. (CNBC)