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Exclusive: Qualcomm set to win conditional Japanese antitrust okay for NXP deal - source

Sat, 11/18/2017 - 19:24
BRUSSELS (Reuters) - U.S. smartphone chipmaker Qualcomm is set to win “imminent” Japanese antitrust clearance for its $38-billion bid for NXP Semiconductors and gain Europe’s approval by the end of the year with slight tweaks to its concessions, a person familiar with the matter said.
Categories: TECHNOLOGY NEWS

China Citic, Baidu launch direct bank in fintech push

Sat, 11/18/2017 - 05:13
BEIJING (Reuters) - China Citic Bank Corp and search engine giant Baidu Inc launched on Saturday a direct banking joint venture, dubbed AiBank, to capitalize on China's rapidly growing fintech sector.
Categories: TECHNOLOGY NEWS

Verizon close to announcing digital streaming deal with NFL: Bloomberg

Sat, 11/18/2017 - 02:23
(Reuters) - Verizon Communications Inc, no. 1 U.S. wireless carrier, is close to a new deal with the National Football League for digital streaming rights, Bloomberg reported, citing people familiar with the matter.
Categories: TECHNOLOGY NEWS

Brazil speaker wants city rules for Uber, other car-hailing apps

Fri, 11/17/2017 - 22:29
BRASILIA (Reuters) - The head of Brazil's lower house of Congress said on Friday he hopes that the chamber will undo amendments by the Senate to a bill regulating ride-hailing apps such as Uber Technologies Inc [UBER.UL].
Categories: TECHNOLOGY NEWS

Canadian grocery chain Loblaw says has ordered 25 Tesla electric trucks

Fri, 11/17/2017 - 21:30
TORONTO (Reuters) - Canadian grocery chain Loblaw Cos has placed an order for 25 of Tesla Inc's new electric heavy duty trucks, a Loblaw spokeswoman said in a statement sent by email.
Categories: TECHNOLOGY NEWS

Volkswagen accelerates push into electric cars with $40 billion spending plan

Fri, 11/17/2017 - 18:50
WOLFSBURG/HAMBURG (Reuters) - Volkswagen approved a 34 billion euro ($40 bln) spending plan on Friday that accelerates its efforts to become a global leader in electric cars.
Categories: TECHNOLOGY NEWS

Tesla's unfettered ambition will drain finances: analysts

Fri, 11/17/2017 - 18:44
(Reuters) - Tesla Inc shares rose on Friday as analysts questioned how soon Chief Executive Elon Musk will have to ask creditors and shareholders for more capital to fund development of an electric semi truck, a new roadster and accelerated production of a high-volume electric sedan.
Categories: TECHNOLOGY NEWS

Apple pushes launch of HomePod smart speaker to early 2018

Fri, 11/17/2017 - 17:45
(Reuters) - Apple Inc has pushed the launch of its HomePod smart speaker to early next year from December, the company said on Friday.
Categories: TECHNOLOGY NEWS

Tesla's unfettered ambition to drain finances: analysts

Fri, 11/17/2017 - 16:55
(Reuters) - Tesla Inc will face further questions about how fast it is burning through its cash pile and how soon it will have to ask creditors and shareholders for more after it unveiled its latest electric vehicles.
Categories: TECHNOLOGY NEWS

Google buys plot near Apple's planned Danish data center

Fri, 11/17/2017 - 16:52
COPENHAGEN (Reuters) - Alphabet Inc's Google said it has bought a plot of land in southern Denmark adjacent to a planned Apple Inc data center to make sure it has the option of building one there too.
Categories: TECHNOLOGY NEWS

Exclusive: Toshiba set to OK $5 billion injection Monday to stay listed-sources

Fri, 11/17/2017 - 16:49
TOKYO (Reuters) - Toshiba Corp will decide on Monday to raise some $5 billion from overseas investors, allowing the troubled conglomerate to remain a publicly traded company even if the sale of a key business is delayed, two people with direct knowledge of the process said.
Categories: TECHNOLOGY NEWS

Exclusive: Toshiba set to OK $5 billion injection on Monday to stay listed - sources

Fri, 11/17/2017 - 16:19
TOKYO (Reuters) - Toshiba Corp will decide on Monday to raise some $5 billion from overseas investors, allowing the troubled conglomerate remain a publicly traded company even if the sale of a key business is delayed, two people with direct knowledge of the process said.
Categories: TECHNOLOGY NEWS

Broadcom closes $5.5 billion Brocade deal

Fri, 11/17/2017 - 16:13
(Reuters) - Broadcom Ltd said on Friday it closed its acquisition of network gear maker Brocade Communications Systems Inc, giving it a larger share of the data center products market.
Categories: TECHNOLOGY NEWS

Broadcom completes Brocade acquisition

Fri, 11/17/2017 - 15:20
(Reuters) - Broadcom Ltd said on Friday it completed its $5.5 billion acquisition of network gear maker Brocade Communications Systems Inc.
Categories: TECHNOLOGY NEWS

Spotify buys online recording studio Soundtrap

Fri, 11/17/2017 - 14:58
STOCKHOLM (Reuters) - Music streaming company Spotify has bought online music and audio recording studio Soundtrap, it said on Friday, declining to give financial details of the deal.
Categories: TECHNOLOGY NEWS

Volkswagen to spend over $40 billion on electric and self-driving cars

Fri, 11/17/2017 - 14:37
WOLFSBURG, Germany (Reuters) - Volkswagen's leaders on Friday approved a five-year spending plan that aims to further the German automaker's goal of transforming itself into a leading force in electric cars.
Categories: TECHNOLOGY NEWS

Volkswagen to spend more than $40 billion on electric cars, autonomous driving

Fri, 11/17/2017 - 14:18
WOLFSBURG, Germany (Reuters) - Volkswagen will spend more than 34 billion euros ($40 billion) on electric cars, autonomous driving and new mobility services by the end of 2022, the group said on Friday.
Categories: TECHNOLOGY NEWS

Tesla's unfettered ambition to strain finances but investors unfazed

Fri, 11/17/2017 - 14:14
(Reuters) - Investors shrugged off any concern over Tesla Inc over-stretching its production and financial resources with the unveiling of new futuristic semi-trucks and a pricey sports car, pushing its shares up almost 4 percent on Friday.
Categories: TECHNOLOGY NEWS

Toyota and Suzuki in tie-up to sell electric vehicles in India

Fri, 11/17/2017 - 14:01
TOKYO (Reuters) - Toyota Motor Corp and Suzuki Motor Corp have agreed to cooperate in selling electric vehicles in India from around 2020, they said on Friday, aiming to give each other a leg up in emerging markets and low-emission technology.
Categories: TECHNOLOGY NEWS

Fork talk lifts bitcoin to all-time high near $8,000

Fri, 11/17/2017 - 13:27
LONDON (Reuters) - Bitcoin hit an all-time high just below $8,000 on Friday, on talk that a software upgrade whose suspension sent the cryptocurrency into a tailspin at the end of last week was, after all, going ahead within hours.
Categories: TECHNOLOGY NEWS

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