TECHNEWS

Uber trims losses and grows business, plans new stock sale

Wed, 05/23/2018 - 22:45
SAN FRANCISCO (Reuters) - Uber cut its losses almost in half and its ride bookings jumped 51 percent since one year ago, the Silicon Valley ride-services firm said on Wednesday, showing that months of scandal and retreating from overseas markets has not slowed its business.
Categories: TECHNOLOGY NEWS

Tesla shares seen rising despite 'fever pitch' of bad news: analyst

Wed, 05/23/2018 - 22:44
SAN FRANCISCO (Reuters) - Negative news stories about Tesla Inc have hit "fever pitch", but the electric carmaker's stock price is likely to surge as output of its Model 3 sedan improves, according to an analyst research report.
Categories: TECHNOLOGY NEWS

Facebook suggests no compensation for European users affected by data breach

Wed, 05/23/2018 - 22:37
BRUSSELS (Reuters) - Facebook is unlikely to compensate the 2.7 million European users whose data was improperly shared with political consultancy Cambridge Analytica because sensitive bank account data had not been shared, the company said on Wednesday.
Categories: TECHNOLOGY NEWS

Uber ends Arizona self-driving program following fatality

Wed, 05/23/2018 - 20:52
SAN FRANCISCO (Reuters) - Uber has shut down its self-driving car operation in Arizona two months after a fatal crash involving one of its vehicles, the company said on Wednesday.
Categories: TECHNOLOGY NEWS

Macron tells global tech CEOs: 'There is no free lunch'

Wed, 05/23/2018 - 20:12
PARIS (Reuters) - French President Emmanuel Macron told executives from the world's biggest technology firms that he believed in innovation but that he wanted tougher regulations and for them to contribute more to society.
Categories: TECHNOLOGY NEWS

Tesla shares poised to rise after 'fever pitch' of bad news: analyst

Wed, 05/23/2018 - 19:52
SAN FRANCISCO (Reuters) - Immaterial negative news stories about Tesla Inc have hit a "fever pitch", and the electric carmaker's stock is set to surge as output of its Model 3 sedan improves, according to an analyst.
Categories: TECHNOLOGY NEWS

Italy to auction 5G frequencies by end-September

Wed, 05/23/2018 - 19:03
MILAN (Reuters) - Italy's communications regulator AGCOM said on Wednesday the government would auction frequencies for fifth-generation mobile services in September, in a move it expects to raise at least 2.5 billion euros ($2.9 billion) for state coffers.
Categories: TECHNOLOGY NEWS

Cyber researchers, Ukraine warn of possible Russian attack

Wed, 05/23/2018 - 18:52
TORONTO/KIEV (Reuters) - Hackers have infected at least 500,000 routers and storage devices in dozens of countries, some of the world's biggest cyber security firms warned on Wednesday, in a campaign that Ukraine said was preparation for a future Russian cyber attack.
Categories: TECHNOLOGY NEWS

Facebook users unite! 'Data Labour Union' launches in Netherlands

Wed, 05/23/2018 - 18:39
AMSTERDAM (Reuters) - Activists in Amsterdam on Wednesday launched the 'Datavakbond' or "data labor union", which hopes to elect leaders to negotiate directly with Facebook and Google over what they do with users' data.
Categories: TECHNOLOGY NEWS

Cyber firms, Ukraine warn of planned Russian attack

Wed, 05/23/2018 - 16:51
TORONTO/KIEV (Reuters) - Cisco Systems Inc warned on Wednesday that hackers have infected at least 500,000 routers and storage devices in dozens of countries with sophisticated malicious software - activity Ukraine said was preparation for a future Russian cyber attack.
Categories: TECHNOLOGY NEWS

Cyber firms warn on suspected Russian plan to attack Ukraine

Wed, 05/23/2018 - 15:09
(Reuters) - Cisco Systems Inc on Wednesday warned that hackers have infected at least 500,000 routers and storage devices in dozens of countries with highly sophisticated malicious software, possibly in preparation for another massive cyber attack on Ukraine.
Categories: TECHNOLOGY NEWS

'There is no free lunch', Macron tells tech giant CEOs

Wed, 05/23/2018 - 15:07
PARIS (Reuters) - President Emmanuel Macron told executives from the world's biggest technology firms on Wednesday that he wanted innovation to be a driving force for the French economy, but also that they needed to contribute more to society.
Categories: TECHNOLOGY NEWS

Tesla Model 3 registrations zip past rivals in California

Wed, 05/23/2018 - 14:20
(Reuters) - Tesla Inc's Model 3 sedan recorded more registrations in California than its class rivals BMW 3-Series and Mercedes C-Class in the first quarter, according to a report by the California New Car Dealers Association (CNCDA). Model 3 registrations totaled 3,723, or 14.3 percent of the near-luxury segment, compared with 3,323 for the Mercedes variant and 3,260 for the BMW model, the CNCDA report said.
Categories: TECHNOLOGY NEWS

Uber widens health cover in Europe as new CEO meets France's Macron

Wed, 05/23/2018 - 14:06
PARIS (Reuters) - Uber plans to offer all its European drivers an upgraded version of the health insurance it already provides in France in a drive to attract independent workers and fend off criticism over their treatment.
Categories: TECHNOLOGY NEWS

IBM announces new hiring in France as CEOs meet Macron

Wed, 05/23/2018 - 13:49
PARIS (Reuters) - IBM announced new recruitment in France before a meeting between President Emmanuel Macron and the bosses of IBM and Microsoft .
Categories: TECHNOLOGY NEWS

Consumer groups ask U.S. agency to probe Tesla 'Autopilot' ads

Wed, 05/23/2018 - 13:38
SAN FRANCISCO (Reuters) - Two U.S. consumer advocacy groups urged the Federal Trade Commission on Wednesday to investigate what they called Tesla Inc's "deceptive and misleading" use of the name Autopilot for its assisted-driving technology.
Categories: TECHNOLOGY NEWS

Consumer groups asks U.S. agency to probe Tesla 'Autopilot' ads

Wed, 05/23/2018 - 13:07
SAN FRANCISCO (Reuters) - Two U.S. consumer advocacy groups urged the Federal Trade Commission on Wednesday to investigate what they called Tesla Inc's "deceptive and misleading" use of the name Autopilot for its assisted-driving technology.
Categories: TECHNOLOGY NEWS

Israel's defense expertise drives tech boom for autonomous cars

Wed, 05/23/2018 - 09:19
SHFAYIM, Israel (Reuters) - Technology that has helped Israel's military drive tanks, guide and intercept missiles, and keep its computer systems secure is being redeployed in the development of driverless cars.
Categories: TECHNOLOGY NEWS

Mobile payment firms struggle to dethrone cash in Southeast Asia

Wed, 05/23/2018 - 08:59
SINGAPORE/HANOI (Reuters) - Bui Mai Phuong is an avid online shopper, ordering anything from clothing to personal-care products from her smartphone. But she prefers to pay with cash.
Categories: TECHNOLOGY NEWS

Foxconn's unit targets raising $4.3 billion in biggest China IPO since 2015

Wed, 05/23/2018 - 06:49
TAIPEI/SHANGHAI (Reuters) - Foxconn Industrial Internet , a subsidiary of the world's largest contract manufacturer Foxconn , announced plans to raise up to 27.1 billion yuan ($4.26 billion) in what will be mainland China's biggest IPO in almost three years.
Categories: TECHNOLOGY NEWS

China's ZTE estimates at least $3.1 billion loss from U.S. sanctions: Bloomberg

Wed, 05/23/2018 - 04:37
BEIJING (Reuters) - China's ZTE Corp is estimating losses of at least 20 billion yuan ($3.1 billion) due to Washington's ban on U.S. firms supplying the telecommunications firm, Bloomberg reported on Wednesday, citing unnamed sources.
Categories: TECHNOLOGY NEWS

Foxconn unit aims to raise $4.3 billion in biggest China IPO since 2015

Wed, 05/23/2018 - 03:31
TAIPEI/SHANGHAI (Reuters) - Foxconn Industrial Internet , a subsidiary of the world's largest contract manufacturer Foxconn , said it plans to raise 27.1 billion yuan ($4.26 billion) in what will be the biggest Chinese initial public offering in about three years.
Categories: TECHNOLOGY NEWS

Acer to unveil new Chromebooks, next step in Google's business pitch

Tue, 05/22/2018 - 23:34
SAN FRANCISCO (Reuters) - Acer Inc will unveil its first line of high-end laptops running Google's Chrome OS on Wednesday, an executive told Reuters, as the computer maker looks to help Google in its effort to win over business users after taking the U.S. education market by storm.
Categories: TECHNOLOGY NEWS

Tesla hires Snap exec as engineering VP

Tue, 05/22/2018 - 23:13
(Reuters) - Electric carmaker Tesla Inc said on Tuesday it had hired Snapchat maker Snap Inc's vice president of monetization engineering, Stuart Bowers, as VP of engineering, to work on its Autopilot software and other projects.
Categories: TECHNOLOGY NEWS

Yelp seeks to revive EU antitrust complaint against Google

Tue, 05/22/2018 - 22:36
SAN FRANCISCO (Reuters) - Yelp Inc said on Tuesday it has renewed a European antitrust complaint against Alphabet Inc's Google, seeking to gain traction on a longstanding accusation that the search giant unfairly promotes its own services in results.
Categories: TECHNOLOGY NEWS

Facebook face-off: EU gets little news from Zuckerberg

Tue, 05/22/2018 - 22:23
BRUSSELS (Reuters) - Facebook CEO Mark Zuckerberg sailed through a grilling from EU lawmakers about the social network's data policies as lengthy questions left the 34-year-old American little time to answer.
Categories: TECHNOLOGY NEWS

Trump floats management changes instead of sanctions for China's ZTE

Tue, 05/22/2018 - 21:55
WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday floated a plan to fine ZTE Corp and shake up its management as his administration considered rolling back more severe penalties that have crippled the Chinese telecommunications company.
Categories: TECHNOLOGY NEWS

Civil rights groups warn Amazon about govt use of facial recognition

Tue, 05/22/2018 - 21:37
(Reuters) - U.S. civil liberties groups on Tuesday called on Amazon.com Inc to stop offering facial recognition services to governments, warning that the software could be used to target immigrants and people of color unfairly.
Categories: TECHNOLOGY NEWS

Snap's Stuart Bowers joins Tesla as VP of engineering

Tue, 05/22/2018 - 21:33
(Reuters) - Electric carmaker Tesla Inc said on Tuesday it had hired Snap Inc's vice president of monetization, Stuart Bowers, as VP of engineering.
Categories: TECHNOLOGY NEWS

Trump floats large fine, management changes for China's ZTE

Tue, 05/22/2018 - 20:40
WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday floated a plan to fine ZTE Corp and shake up its management as his administration considered rolling back more severe penalties that have crippled the Chinese telecommunications company.
Categories: TECHNOLOGY NEWS

Consumer Reports to retest Tesla Model 3 after brake fix

Tue, 05/22/2018 - 20:14
(Reuters) - Consumer Reports said Tuesday it will retest brakes on Tesla Inc's new Model 3 sedans after Chief Executive Elon Musk promised a software update, but the potential hit to sales from the magazine's negative review weighed on Tesla stock.
Categories: TECHNOLOGY NEWS

Chile's President Pinera to meet VP Amazon Web Services: sources

Tue, 05/22/2018 - 19:57
SANTIAGO (Reuters) - President Sebastian Pinera will meet Amazon Web Services Vice President Teresa Carlson on Wednesday, three government sources told Reuters on Tuesday, as the company eyes expansion in Latin America.
Categories: TECHNOLOGY NEWS

Trump floats large fine, management changes for Chinese firm ZTE

Tue, 05/22/2018 - 19:09
WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday floated a plan to fine ZTE Corp $1.3 billion and shake up its management, as U.S. lawmakers vowed to block sanctions that crippled the Chinese telecommunications firm.
Categories: TECHNOLOGY NEWS

Facebook director to start after annual meeting, avoid shareholder vote

Tue, 05/22/2018 - 19:08
BOSTON (Reuters) - Facebook Inc named a new director this month and timed his appointment to avoid a shareholder vote, raising concern among some investors who want to see more accountability from the social media company.
Categories: TECHNOLOGY NEWS

Facebook's Zuckerberg apologises to EU lawmakers over data leak

Tue, 05/22/2018 - 19:07
BRUSSELS (Reuters) - Facebook boss Mark Zuckerberg apologised to European Union lawmakers on Tuesday for a massive data leak, in his latest attempt to draw a line under a scandal that has rocked the world's biggest social media network.
Categories: TECHNOLOGY NEWS

Facebook's Zuckerberg apologizes to EU lawmakers over data leak

Tue, 05/22/2018 - 18:42
BRUSSELS (Reuters) - Facebook boss Mark Zuckerberg apologised to European Union lawmakers on Tuesday for a massive data leak, in his latest attempt to draw a line under a scandal that has rocked the world's biggest social media network.
Categories: TECHNOLOGY NEWS

Civil rights groups criticize Amazon's facial recognition system

Tue, 05/22/2018 - 18:36
(Reuters) - Several U.S. civil liberties groups on Tuesday complained that Amazon.com Inc's real-time facial recognition system, Rekognition, is helping the government with surveillance targeting large crowds, violating civil and digital rights.
Categories: TECHNOLOGY NEWS

Facebook's Zuckerberg to apologise to EU lawmakers over data leak

Tue, 05/22/2018 - 18:23
BRUSSELS (Reuters) - Facebook boss Mark Zuckerberg arrived to meet European Union lawmakers on Tuesday ready to apologise for a massive data leak, in his latest attempt to draw a line under a scandal that has rocked the world's biggest social media network.
Categories: TECHNOLOGY NEWS

U.S. lawmakers say they will try to block possible ZTE deal with China

Tue, 05/22/2018 - 18:08
WASHINGTON (Reuters) - U.S. lawmakers said on Tuesday they would try to stop President Donald Trump from easing penalties on Chinese telecommunications company ZTE Corp, saying the United States should not bow to pressure from Beijing to help the troubled firm as part of a possible trade deal.
Categories: TECHNOLOGY NEWS

Facebook's Zuckerberg arrives for grilling by EU lawmakers over data leak

Tue, 05/22/2018 - 18:06
BRUSSELS (Reuters) - Facebook boss Mark Zuckerberg has arrived to meet leaders of the European Parliament to answer questions about how the data of millions of Facebook users ended up in the hands of a political consultancy.
Categories: TECHNOLOGY NEWS

EU antitrust official sees more scrutiny for Facebook, others

Tue, 05/22/2018 - 16:07
ROME (Reuters) - Facebook and other tech giants may attract more regulatory scrutiny in future because of their market power, a senior EU antitrust official said on Tuesday.
Categories: TECHNOLOGY NEWS

China, U.S. near deal on ZTE reprieve; Beijing cuts auto tariffs

Tue, 05/22/2018 - 13:13
BEIJING (Reuters) - Washington neared a deal to lift its ban on U.S. firms supplying Chinese telecoms gear maker ZTE Corp, sources said on Tuesday, and Beijing announced tariff cuts on car imports, further easing trade tensions between the world's two largest economies.
Categories: TECHNOLOGY NEWS

Tesla's Musk admits Model 3 braking issue, promises fix

Tue, 05/22/2018 - 13:03
(Reuters) - Tesla Inc's Chief Executive Officer Elon Musk admitted late on Monday there was a braking issue with the Model 3 sedan, pointed out by Consumer Reports, and said it can be fixed with a firmware update that the electric car maker will be rolling out in a few days.
Categories: TECHNOLOGY NEWS

Tesla's Musk admits Model 3 braking flaw, promises fix

Tue, 05/22/2018 - 12:38
(Reuters) - Chief Executive Officer Elon Musk said late on Monday that the braking issue on Tesla Inc's Model 3 sedan, pointed out by Consumer Reports, can be fixed with a firmware update which the electric car maker will be rolling out in a few days.
Categories: TECHNOLOGY NEWS

Facebook's Zuckerberg faces EU Parliament grilling

Tue, 05/22/2018 - 12:29
BRUSSELS (Reuters) - Facebook Chief Executive Mark Zuckerberg will meet with leaders of the European Parliament on Tuesday to answer questions about how the data of millions of Facebook users ended up in the hands of a political consultancy.
Categories: TECHNOLOGY NEWS

Sony in $2.3 billion deal for EMI, becomes world's biggest music publisher

Tue, 05/22/2018 - 12:12
TOKYO (Reuters) - Sony Corp said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world's largest music publisher in an industry that has found new life on the back of streaming services.
Categories: TECHNOLOGY NEWS

Uber pulls up in Japan with taxi-hailing service

Tue, 05/22/2018 - 12:00
TOKYO (Reuters) - Uber Technologies plans to launch its first taxi-hailing pilot service in Japan that will connect passengers to other taxi providers, as it seeks to expand in the country where the U.S. firm has been blocked from setting up its own fleet of drivers.
Categories: TECHNOLOGY NEWS

Sony in $2.3 bln deal for EMI, becomes world's biggest music publisher

Tue, 05/22/2018 - 11:51
TOKYO (Reuters) - Sony Corp said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world's largest music publisher in an industry that has found new life on the back of streaming services.
Categories: TECHNOLOGY NEWS

Sony to become world's No.1 music publisher with $2.3 billion EMI deal

Tue, 05/22/2018 - 08:33
TOKYO (Reuters) - Sony Corp said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world's biggest music publisher in an industry that has found new life in streaming services.
Categories: TECHNOLOGY NEWS

Robots fight weeds in challenge to agrochemical giants

Tue, 05/22/2018 - 08:16
YVERDON-LES-BAINS, Switzerland/CHICAGO (Reuters) - In a field of sugar beet in Switzerland, a solar-powered robot that looks like a table on wheels scans the rows of crops with its camera, identifies weeds and zaps them with jets of blue liquid from its mechanical tentacles.
Categories: TECHNOLOGY NEWS

U.S., China nearing deal to remove U.S. sales ban against ZTE: sources

Tue, 05/22/2018 - 06:08
BEIJING (Reuters) - Washington and Beijing are nearing a deal that will remove an existing order banning U.S. firms from supplying telecommunications firm ZTE Corp , two people briefed on the talks said.
Categories: TECHNOLOGY NEWS

U.S. will lift sales ban order against China's ZTE: WSJ

Tue, 05/22/2018 - 05:52
BEIJING (Reuters) - The U.S. government will lift an order banning U.S. companies from selling components and software to China's ZTE Corp , the Wall Street Journal reported on its Chinese microblog account, citing unnamed sources.
Categories: TECHNOLOGY NEWS

Amazon taps former NBC executive to help run TV programming

Tue, 05/22/2018 - 03:52
(Reuters) - Amazon.com Inc said on Monday it had hired Vernon Sanders to help run its television productions, tapping a former NBC executive who oversaw shows such as "The Blacklist," "Friday Night Lights" and "30 Rock" for the U.S. network.
Categories: TECHNOLOGY NEWS

As bitcoin world wobbles, mining rig company plans $2 billion IPO

Tue, 05/22/2018 - 02:33
HONG KONG (Reuters) - Bitcoins are worth less than half of what they were in December. Mining them is 60 percent less profitable than it was in 2017. Even retailers of hobbyist mining rigs say they are seeing fewer customers.
Categories: TECHNOLOGY NEWS

Microsoft, Google find fresh flaw in chips, but risk is low

Tue, 05/22/2018 - 01:33
(Reuters) - Cyber security researchers have found a new security flaw that affects a broad swath of modern computing chips and is related to the Spectre and Meltdown chip flaws that emerged in January.
Categories: TECHNOLOGY NEWS

As Zuckerberg heads to Brussels, British lawmakers ask for answers

Tue, 05/22/2018 - 01:03
LONDON, May 22 (Reuters) - British lawmakers want their European counterparts to quiz Facebook FB.O CEO Mark Zuckerberg about a scandal over improper use of millions of Facebook users' data, as he will not give evidence in London himself.
Categories: TECHNOLOGY NEWS

Former Uber engineer sues, tests new sex-based claims policy

Mon, 05/21/2018 - 23:58
(Reuters) - A former software engineer at Uber Technologies Inc [UBER.UL] filed a lawsuit on Monday against the ride-hailing service on Monday, claiming she was subjected to years of sexual harassment there and subjected to retaliation for complaining about it.
Categories: TECHNOLOGY NEWS

Online lender Kabbage to launch payment services by year-end

Mon, 05/21/2018 - 23:48
NEW YORK (Reuters) - Kabbage Inc, a U.S. online lender for small businesses, plans to launch payment processing services by year-end, President Kathryn Petralia said on Monday, helping it to diversify and compete more directly with industry leaders PayPal Holdings Inc and Square Inc.
Categories: TECHNOLOGY NEWS

Tesla Model 3 fails to get Consumer Reports nod due to 'big flaws'

Mon, 05/21/2018 - 23:43
(Reuters) - Influential U.S. magazine Consumer Reports will not recommend Tesla Inc's Model 3 sedan, saying on Monday it braked slower than a full-sized pickup truck, taking the shine off a day of gains for shares in Elon Musk's electric car company.
Categories: TECHNOLOGY NEWS

Micron to buy back up to $10 billion of shares

Mon, 05/21/2018 - 23:20
(Reuters) - Memory chipmaker Micron Technology Inc said on Monday it would buy back up to $10 billion of its shares, in conjunction with its newly announced plans to return at least 50 percent of free cash flow to stockholders from fiscal 2019.
Categories: TECHNOLOGY NEWS

Former Uber engineer sues company alleging sexual harassment: law firm

Mon, 05/21/2018 - 22:49
(Reuters) - A former software engineer at Uber Technologies Inc [UBER.UL] sued the ride-hailing service on Monday, claiming that she was subjected to sexual harassment during her employment but that her complaints were ignored, the law firm representing the plaintiff said.
Categories: TECHNOLOGY NEWS

Adobe to buy Magento Commerce for $1.68 billion

Mon, 05/21/2018 - 22:36
(Reuters) - Adobe Systems Inc said on Monday it would buy e-commerce services provider Magento Commerce from private equity firm Permira for $1.68 billion in cash, its biggest deal in nearly a decade.
Categories: TECHNOLOGY NEWS

Adobe to buy Magento Commerce in $1.68 billion deal

Mon, 05/21/2018 - 22:15
(Reuters) - Adobe Systems Inc said on Monday it would buy e-commerce platform Magento Commerce in a $1.68 billion deal.
Categories: TECHNOLOGY NEWS

Barack and Michelle's next act: TV deal with Netflix

Mon, 05/21/2018 - 21:45
LOS ANGELES (Reuters) - Former U.S. President Barack Obama and his wife, Michelle Obama, have struck a deal to produce films and series for Netflix Inc, the streaming service said on Monday, giving the former first couple a powerful and unprecedented platform to shape their post-White House legacy.
Categories: TECHNOLOGY NEWS

Consumer Reports finds flaws in Tesla's Model 3

Mon, 05/21/2018 - 20:16
(Reuters) - U.S. consumer bible Consumer Reports stopped short of recommending Tesla Inc's Model 3 sedan on Monday, criticising the car for its braking and taking the shine off a day of gains for shares in billionaire Elon Musk's venture.
Categories: TECHNOLOGY NEWS

Tesla shares hit by Consumer Reports criticism

Mon, 05/21/2018 - 19:36
(Reuters) - U.S. consumer bible Consumer Reports stopped short of recommending Tesla Inc's Model 3 electric car on Monday, criticizing it for its braking and taking the shine off a day of gains for shares in billionaire Elon Musk's venture.
Categories: TECHNOLOGY NEWS

Barack and Michelle Obama to produce content for Netflix

Mon, 05/21/2018 - 18:57
LOS ANGELES (Reuters) - Former U.S. President Barack Obama and wife Michelle Obama have entered into a multi-year agreement with Netflix Inc to produce films and series, the online streaming company said on Monday.
Categories: TECHNOLOGY NEWS

Amazon eyes Latam expansion, opens Argentina office

Mon, 05/21/2018 - 18:44
BUENOS AIRES (Reuters) - Amazon.com Inc aims to expand cloud computing operations in Latin America, a company executive said on Monday, after its Amazon Web Services unit opened an office in Buenos Aires last month.
Categories: TECHNOLOGY NEWS

Model 3 price hype helps Tesla shares bounce

Mon, 05/21/2018 - 16:51
(Reuters) - Shares in Tesla Inc jumped more than 4 percent on Monday as investors were encouraged by the company's placing a $78,000 price tag on the fully-loaded version of its Model 3 sedan.
Categories: TECHNOLOGY NEWS

Nokia phone licensee HMD raises $100 million to drive growth push

Mon, 05/21/2018 - 14:25
HELSINKI (Reuters) - HMD Global, the Finnish company that owns the right to use the Nokia brand on phones, has raised $100 million of funding intended to boost growth, it said on Monday.
Categories: TECHNOLOGY NEWS

EU parliament to broadcast Zuckerberg hearing

Mon, 05/21/2018 - 14:16
BRUSSELS (Reuters) - A European Parliament meeting on Tuesday with Facebook CEO Mark Zuckerberg will be broadcast live, parliamentary officials and the company said on Monday after controversy over plans for a closed-door hearing.
Categories: TECHNOLOGY NEWS

Roper Technologies to buy software firm PowerPlan for $1.1 billion

Mon, 05/21/2018 - 13:41
(Reuters) - IT services provider Roper Technologies Inc said on Monday it would buy software company PowerPlan for $1.1 billion in an all-cash deal from private equity firm Thoma Bravo.
Categories: TECHNOLOGY NEWS

Taiwan exports orders beat forecast as tech sector growth picks up

Mon, 05/21/2018 - 12:49
TAIPEI (Reuters) - Taiwan's export orders growth beat forecasts in April, as the island's technology sector recovered from a weak first quarter, with goods such as auto electronics driving growth although communications products remained a soft patch.
Categories: TECHNOLOGY NEWS

Nokia phone licensee HMD raises funding to step up growth

Mon, 05/21/2018 - 11:36
HELSINKI (Reuters) - HMD Global, the Finnish company with a license to sell Nokia-branded phones, said on Monday that it had raised $100 million of funding that it aims to spend to boost growth.
Categories: TECHNOLOGY NEWS

Grab to partner with Maybank for mobile wallet in Malaysia

Mon, 05/21/2018 - 10:01
SINGAPORE (Reuters) - Ride-hailing firm Grab will partner with Malayan Banking Bhd (Maybank), Malaysia's biggest bank, to drive the usage and adoption of its GrabPay mobile wallet, the companies said in a statement on Monday.
Categories: TECHNOLOGY NEWS

Britain to tackle 'Wild West' internet with new laws

Sun, 05/20/2018 - 12:24
LONDON (Reuters) - Britain will tackle "the Wild West elements" on the internet from cyberbullying to online child exploitation by introducing new laws for social media companies, digital minister Matt Hancock said on Sunday.
Categories: TECHNOLOGY NEWS

Deutsche Boerse to include tech stocks in MDAX and SDAX in index shakeup

Sat, 05/19/2018 - 09:38
FRANKFURT (Reuters) - Deutsche Boerse, the German stock exchange operator, is planning a major shakeup of the composition of three key indexes later this year that affects technology stocks.
Categories: TECHNOLOGY NEWS

ISS sides against two Tesla directors, backs split of Musk's roles

Sat, 05/19/2018 - 06:50
BOSTON (Reuters) - Proxy adviser Institutional Shareholder Services (ISS) recommended on Friday that investors vote against Tesla Inc directors Antonio Gracias and James Murdoch, increasing pressure on the car maker over their roles on its board.
Categories: TECHNOLOGY NEWS

Proxy adviser ISS recommends votes against two Tesla directors

Sat, 05/19/2018 - 04:55
BOSTON (Reuters) - Proxy adviser Institutional Shareholder Services recommended on Friday that investors cast proxy votes against Tesla Inc directors Antonio Gracias and James Murdoch.
Categories: TECHNOLOGY NEWS

FCC investigating website flaw that exposed mobile phone locations

Sat, 05/19/2018 - 02:18
WASHINGTON (Reuters) - The U.S. Federal Communications Commission said on Friday it was referring reports that a website flaw could have allowed the location of mobile phone customers to be tracked to its enforcement bureau to investigate.
Categories: TECHNOLOGY NEWS

Revamped YouTube Music aims to better appeal to local audio tastes

Sat, 05/19/2018 - 01:37
SAN FRANCISCO (Reuters) - YouTube is hiring music experts across the world to make its revamped music streaming subscription more locally "authentic," officials at YouTube, a unit of Alphabet Inc's Google, told Reuters on Friday.
Categories: TECHNOLOGY NEWS

Trump urged U.S. Postal Service to double package rates for Amazon: Washington Post

Fri, 05/18/2018 - 21:20
WASHINGTON (Reuters) - President Donald Trump has personally pushed the postmaster general to double the rates the U.S. Postal Service charges Amazon.com and other companies to ship packages, the Washington Post reported on Friday, citing three unnamed sources.
Categories: TECHNOLOGY NEWS

Germany calls on chip and hardware makers to tackle processor flaws

Fri, 05/18/2018 - 20:23
BERLIN (Reuters) - Germany's federal cyber agency called on chip and hardware-makers to address new vulnerabilities discovered in computer central processing units, but said no complete fix was possible at the moment.
Categories: TECHNOLOGY NEWS

Trump urged Postal Service to double package rates for Amazon: Washington Post

Fri, 05/18/2018 - 20:15
WASHINGTON (Reuters) - President Donald Trump has personally pushed the postmaster general to double the rates the U.S. Postal Service charges Amazon.com and other companies to ship packages, the Washington Post reported on Friday, citing three unnamed sources.
Categories: TECHNOLOGY NEWS

FCC investigating reports website flaw exposed mobile phone locations

Fri, 05/18/2018 - 20:01
WASHINGTON (Reuters) - The U.S. Federal Communications Commission said on Friday it was referring reports that a website flaw could have allowed the location of mobile phone customers to be tracked to its enforcement bureau to investigate.
Categories: TECHNOLOGY NEWS

Uber files appeal against licence loss in UK city of Brighton

Fri, 05/18/2018 - 17:29
LONDON (Reuters) - Uber [UBER.UL] submitted an appeal on Friday against the decision by the southern coastal English city of Brighton to strip the taxi app of its licence for not being "fit and proper" over data concerns and the use of drivers from outside the area.
Categories: TECHNOLOGY NEWS

Apple pays Ireland first tranche of disputed taxes

Fri, 05/18/2018 - 15:17
DUBLIN (Reuters) - Apple has paid 1.5 billion euros ($1.18 billion) into an escrow account set up by the Irish government to hold 13 billion euros ($16 billion) in disputed taxes, Finance Minister Paschal Donohoe said on Friday.
Categories: TECHNOLOGY NEWS

Vietnam launches in-depth probe into Grab-Uber deal in Southeast Asia

Fri, 05/18/2018 - 13:25
HANOI (Reuters) - Vietnam's Ministry of Industry and Trade said on Friday it had launched an in-depth investigation into ride-hailing company Grab's takeover of Uber Technologies' Southeast Asia business after an initial probe found it might breach antitrust law.
Categories: TECHNOLOGY NEWS

Vietnam set to tighten clamps on Facebook and Google, threatening dissidents

Fri, 05/18/2018 - 13:18
HANOI/SINGAPORE (Reuters) - A struggle over internet laws in Vietnam is pitting a government keen on maintaining tight control against U.S. technology companies trying to fight off onerous new rules - with the country's online dissidents among the biggest losers.
Categories: TECHNOLOGY NEWS

Socially responsible funds dump or rethink Facebook over data privacy

Fri, 05/18/2018 - 13:02
BOSTON (Reuters) - Several socially conscious investment firms are selling or rethinking their Facebook Inc holdings, unsatisfied by the company's moves to strengthen personal data protection and online safety after scandals involving the improper sharing of users' information.
Categories: TECHNOLOGY NEWS

Cambridge Analytica files for bankruptcy in U.S. following Facebook debacle

Fri, 05/18/2018 - 12:56
(Reuters) - Cambridge Analytica, the political consultancy at the center of Facebook Inc's privacy scandal, filed for Chapter 7 bankruptcy in the United States late on Thursday.
Categories: TECHNOLOGY NEWS

Vietnam trade ministry says formally launched investigation into Uber-Grab merger

Fri, 05/18/2018 - 12:50
HANOI (Reuters) - Vietnam's Ministry of Industry and Trade on Friday officially launched an investigation into the takeover of Uber Technologies' Southeast Asia business by rival Grab, the ministry said.
Categories: TECHNOLOGY NEWS

Elon Musk brings high-tech charm offensive to Los Angeles tunnel plan

Fri, 05/18/2018 - 09:25
LOS ANGELES (Reuters) - Billionaire entrepreneur Elon Musk promised a cheering crowd on Thursday that his controversial dream of burrowing a high-speed network of "personalized mass transit" tunnels under Los Angeles could be achieved without disturbance or noise at the surface.
Categories: TECHNOLOGY NEWS

Cambridge Analytica files for Chapter 7 bankruptcy

Fri, 05/18/2018 - 08:38
(Reuters) - Cambridge Analytica, the firm at the center of this year's Facebook privacy row, filed for voluntary Chapter 7 bankruptcy in a New York court late on Thursday.
Categories: TECHNOLOGY NEWS

Uber chief product officer to leave in latest executive departure

Fri, 05/18/2018 - 06:33
(Reuters) - Uber Technologies Inc [UBER.UL] Chief Product Officer Jeff Holden is leaving the ride-hailing company, an Uber spokesman told Reuters on Thursday, the latest of more than a dozen senior executives to depart since last year.
Categories: TECHNOLOGY NEWS

Elon Musk brings technology charm offensive to Los Angeles tunnel plan

Fri, 05/18/2018 - 03:06
LOS ANGELES (Reuters) - Billionaire entrepreneur Elon Musk is bringing his technology charm offensive to an attempt at digging a tunnel beneath part of Los Angeles to test designs for a high-speed subterranean transportation network he envisions for the city.
Categories: TECHNOLOGY NEWS

Instacart faces new challenge with Kroger/Ocado tie-up

Fri, 05/18/2018 - 01:51
LOS ANGELES/NEW YORK (Reuters) - U.S. grocery delivery company Instacart suffered a new setback on Thursday when Kroger Co , one of its major U.S. customers, announced a partnership with British automated online grocery service Ocado Group Plc .
Categories: TECHNOLOGY NEWS

PayPal agrees to buy Sweden's iZettle in $2.2 billion deal

Thu, 05/17/2018 - 23:23
(Reuters) - PayPal Holdings Inc has agreed to acquire iZettle, one of Europe's best known financial technology startups, for $2.2 billion, the companies said on Thursday.
Categories: TECHNOLOGY NEWS

Backstory: Calculating the gender gap in the technology sector

Thu, 05/17/2018 - 22:49
NEW YORK - As she reported on sexual harassment issues at big companies, Jennifer Saba, a Breakingviews columnist, looked for a concrete way to quantify the gender gap in the technology sector.
Categories: TECHNOLOGY NEWS

PayPal in talks to buy Sweden's iZettle in $2.2 billion deal: WSJ

Thu, 05/17/2018 - 22:21
(Reuters) - PayPal Holdings Inc is in advanced talks to buy iZettle AB in a deal that could value the Swedish fintech at around $2.2 billion, the Wall Street Journal reported on Thursday, citing sources familiar with the matter.
Categories: TECHNOLOGY NEWS

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