Uber Approaches GE CEO Jeff Immelt About Top Role

Uber Technologies is considering General Electric Chief Executive Jeff Immelt among a handful of candidates for its top position, according to a person familiar with the matter.

Rocket Maker SpaceX’s Valuation Soars to $21 Billion

SpaceX has raised as much as $350 million in a new round of financing that boosted the company’s valuation, a vote of confidence for founder Elon Musk who is seeking to prove the rocket maker can become a major satellite operator.

Baidu Profit Rises in Rebound From Beijing Crackdown

Chinese search giant Baidu has bounced back from a medical scandal that dragged down earnings, posting its first profit increase in three quarters.

Trump Comments on U.S. Factories Make It Awkward for Apple

Thanks to comments made by President Donald Trump, Apple suddenly faces new pressure to build factories in the U.S.

Amazon’s Expansion Costs Take a Toll

Amazon said quarterly profit fell 77% even as sales jumped, a sign of the high cost of its increasing dominance of retail. The company posted $197 million in profit as it spent on new warehouses, delivery capacity and data centers.

Intel Finds Room to Boost Revenue

Intel Corp. said adjusted quarterly profit increased as the company posted revenue growth in many of its units despite growing competition in core markets.

Court Rules Against Politician Who Banned Access to Her Facebook Page

A federal court in Virginia ruled that a local politician violated the free-speech rights of a constituent she banned from her Facebook page, in a case the judge said raises “important questions” about the constitutional restrictions that apply to social media accounts of elected officials.

China’s Huawei Posts Soaring Revenue in Smartphone Business

Huawei has reclaimed the top spot in China’s fiercely competitive smartphone market, but it still faces a tough fight in its goal to become the world’s top seller of phones.

China’s Next Target: U.S. Microchip Hegemony

The semiconductor industry, a stalwart of the global economy, is succumbing to fierce nationalistic competition, as China aims to dominate the market as it did with steel and solar panels. Washington, in an unusual show of bipartisanship, is fighting back.

Amazon’s Jeff Bezos Becomes World’s Richest Person

Amazon.com founder Jeff Bezos became the richest person in the world as the online retailer’s stock rose ahead of quarterly results.