Uber opens up international contest for a third flying taxi city

(Reuters) - Uber Technologies Inc [UBER.UL] on Wednesday re-opened a contest to select the first international city to launch its proposed flying taxi project, following apparent delays in getting the service off the ground in Dubai, a previously proposed market.

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U.S. drone program taps Alphabet, passes over Amazon, China's DJI

WASHINGTON/SAN FRANCISCO (Reuters) - The U.S. Transportation Department's 10 winning drone pilot projects aimed at spurring the use of unmanned aerial vehicles in a wide variety of fields do not include Amazon.com Inc and China's DJI, but do involve Alphabet Inc, Qualcomm Inc and Microsoft Corp.

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Amazon rolls out model 'smart' homes for U.S. shoppers to try out Alexa

VALLEJO, Ca (Reuters) - Amazon.com Inc on Wednesday said it has set up model "smart" homes across the United States for shoppers to experience what it's like for voice aide Alexa to dim the lights, turn on the TV or order more laundry detergent.

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Qualcomm sets new $10 billion buyback plan

(Reuters) - Chipmaker Qualcomm Inc said on Wednesday its board has approved a new $10 billion buyback program that replaces the previous $15 billion stock repurchase program announced in March 2015.

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Sears shares soar on Amazon tie-up; CEO says on 'right path'

HOFFMAN ESTATES, ILL. (Reuters) - Sears Holdings Corp shares jumped about 17 percent on Wednesday after the company announced a tire service partnership with Amazon.com, part of Chief Executive Officer Edward Lampert's strategy to make the troubled retailer profitable again.

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China's ZTE says main business operations cease due to U.S. ban

HONG KONG (Reuters) - ZTE Corp's main business operations have ceased due to a ban imposed by the U.S. government, but China's second biggest telecom equipment maker is trying to have the ban modified or reversed, it said on Wednesday.

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Three companies win $550.8 million deal to supply McAfee software to Pentagon

WASHINGTON (Reuters) - Three companies have been awarded a $550.8 million blanket purchase agreement to supply McAfee hardware, software and related services to the U.S. Defense Department, the Pentagon said on Wednesday.

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Ohio allows testing self-driving vehicles on state roads

(Reuters) - Ohio on Wednesday became the latest U.S. state to open its roads for testing self-driving vehicles, in a boost to a nascent industry that is facing heightened scrutiny over safety concerns.

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Vodafone challenges Deutsche Telekom with $21.8 billion Liberty deal

LONDON (Reuters) - Vodafone has agreed to pay $21.8 billion to buy Liberty Global's assets in Germany and eastern Europe to take the fight to rivals with a broader range of superfast cable TV, broadband and mobile services.

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Walmart to pay $16 billion for control of India's Flipkart, shares slide

NEW YORK/MUMBAI (Reuters) - Walmart Inc said on Wednesday it will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer's largest-ever deal as it competes with Amazon.com Inc in an important growth market.

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Source: Reuters