BLOOMBERG Amazon.com Inc is cutting hundreds of employees in the division responsible for its voice-activated Alexa assistant, according to a memo sent to employees. Daniel Rausch, an Amazon vice president who leads teams working on Alexa and the company’s Fire TV streaming franchise, said the company was “shifting some of our efforts to better align with our business priorities,” including ...

BLOOMBERG Adobe Inc’s $20 billion buyout of Figma Inc, a smaller maker of cloud-based design software, risks being derailed by European Union merger watchdogs unless the firms fix a list of competition concerns highlighted by the bloc’s antitrust arm. The European Commission issued a so-called statement of objections, highlighting how Adobe’s largest deal ever could imperil fair competition in the ...

BLOOMBERG Xiaomi Corp posted its first revenue gain in almost two years, a welcome boost for a smartphone maker that’s begun aggressively attacking its Chinese rivals with higher-end models at home and abroad. It posted sales of 70.9 billion yuan ($9.9 billion) for the September quarter, versus average projections for 70.5 billion. Net income was 4.9 billion yuan, compared with ...