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Toshiba says suing Western Digital for $1 billion

3 hours 31 min ago
TOKYO (Reuters) - Japan's Toshiba Corp said on Wednesday it is filing a lawsuit against joint venture partner Western Digital Corp.

India's largest container port hit by global cyber attack

4 hours 8 min ago
MUMBAI (Reuters) - Operations at one of three terminals at India's largest container port JNPT, on the outskirts of India's commercial hub of Mumbai, have been disrupted by the global ransomware attack, the port said on Wednesday.

JPMorgan Chase to centralize energy controls for 4,500 branches

5 hours 3 min ago
NEW YORK (Reuters) - JPMorgan Chase & Co is shifting control of heating, air-conditioning and lighting in 4,500 of its branches to an operations center hosted in the internet cloud.

Toshiba to meet shareholders with no chip unit deal signed

9 hours 57 min ago
CHIBA, Japan (Reuters) - Japan's Toshiba Corp is expected to face the wrath of shareholders at its annual meeting on Wednesday after failing to sign a deal to sell its flash memory chip unit by a self-imposed deadline.

Cyber attacks have long-lasting business impact: Lloyd's of London

9 hours 59 min ago
LONDON (Reuters) - Businesses in Europe underestimate the "slow-burn" effects of cyber attacks and need to prepare more fully for a loss of customers, a fall in share price and other potential consequences, Lloyd's of London said in a report on Wednesday. raises $50 million in funding; Andrew Ng joins board

10 hours 15 min ago
SAN FRANCISCO (Reuters) - Self-driving startup said on Tuesday it raised $50 million in a second round of funding as the Silicon Valley company prepared to deploy its technology in pilot vehicles later this year.

SpaceX plans expansion of rocket refurbishing facilities in Florida

Tue, 06/27/2017 - 23:25
CAPE CANAVERAL, Fla. (Reuters) - SpaceX wants to expand facilities in Florida to refurbish and store its reusable rocket boosters as it increases the pace of launches, documents filed with authorities show.

BlackBerry seeks sales force to match software focus

Tue, 06/27/2017 - 22:39
TORONTO (Reuters) - Software maker BlackBerry Ltd's long-running recovery effort has been slowed by a dearth of salespeople to promote its revamped and more complex products, with CEO John Chen pledging to hire more sales specialists to help achieve its growth target.

BlackBerry seeks sales force to match software focus

Tue, 06/27/2017 - 22:38
TORONTO (Reuters) - Software maker BlackBerry Ltd's long-running recovery effort has been slowed by a dearth of salespeople to promote its revamped and more complex products, with CEO John Chen pledging to hire more sales specialists to help achieve its growth target.

Delivery Hero IPO to price in upper half of price range: sources

Tue, 06/27/2017 - 22:22
FRANKFURT (Reuters) - Online takeaway food delivery group Delivery Hero is expected to price its initial public offering in the upper half of the price range of 22.00-25.50 euros a share, people close to the deal said.

U.S. antitrust lawsuit against Qualcomm to proceed, judge rules

Tue, 06/27/2017 - 22:04
(Reuters) - The Federal Trade Commission's antitrust lawsuit against Qualcomm Inc can proceed, a federal judge ruled late on Monday, meaning the iPhone chip supplier must now wage a fight with U.S. regulators even as it contests a separate $1 billion lawsuit filed by Apple Inc .

Google faces years of EU oversight on top of record antitrust fine

Tue, 06/27/2017 - 20:54
BRUSSELS/FRANKFURT (Reuters) - Beyond a headline-grabbing 2.4 billion euro ($2.7 billion) fine EU antitrust regulators have leveled against Google, the internet giant is likely to be shackled for years by Tuesday's precedent-setting decision defining the company as a monopoly.

Bitcoin exchange operator tied to hacks gets five-and-a-half years U.S. prison

Tue, 06/27/2017 - 20:38
NEW YORK (Reuters) - A Florida man was sentenced on Tuesday to serve 5-1/2 years in prison after pleading guilty to operating an illegal bitcoin exchange suspected of laundering money for hackers and linked to a data breach at JPMorgan Chase & Co.

House panel spars over self-driving car rules

Tue, 06/27/2017 - 19:54
WASHINGTON (Reuters) - Republicans and Democrats in Congress sparred on Tuesday over U.S. states setting rules for testing and deployment of self-driving cars and a proposal to allow automakers and technology companies to bypass existing regulations in introducing autonomous cars.

Mars says pet food unit targeted in cyber attack

Tue, 06/27/2017 - 19:41
NEW YORK (Reuters) - A unit of candy manufacturer Mars Inc has been targeted by cyber attackers, and the company has isolated the issue, a spokeswoman for the company said on Tuesday.

Facebook hits 2 billion user mark

Tue, 06/27/2017 - 19:24
(Reuters) - Facebook Inc Chief Executive Mark Zuckerberg said on Tuesday that the social media network had 2 billion monthly users.

Ransomware virus hits computer servers across Europe

Tue, 06/27/2017 - 17:56
MOSCOW/KIEV (Reuters) - A major ransomware attack on Tuesday hit computers at Russia's biggest oil company, the country's banks, Ukraine's international airport as well as global shipping firm A.P. Moller-Maersk.

Court lifts Uber ban in second-biggest Czech city

Tue, 06/27/2017 - 14:12
PRAGUE (Reuters) - A Czech appeals court on Tuesday lifted a ban that had prevented ride-hailing service Uber operating in Brno, the country's second-largest city.

Uber wins right to contest English tests for London drivers

Tue, 06/27/2017 - 13:08
LONDON (Reuters) - Uber [UBER.UL] said it had won the right to appeal against a court decision in favor of plans by a London regulator to impose new English reading and writing standards in a move which could deprive it of thousands of drivers.

EU antitrust regulators hit Google with record 2.42 billion euro fine

Tue, 06/27/2017 - 11:49
BRUSSELS (Reuters) - EU antitrust regulators slapped a record 2.42-billion-euro ($2.7 billion) fine on Alphabet unit Google on Tuesday by illegally favoring its shopping service.

Ubisoft founding family raises stake to ward off Vivendi

Tue, 06/27/2017 - 10:57
PARIS (Reuters) - France's Guillemot family has raised its stake in videogames maker Ubisoft , according to a stock market filing released on Tuesday, as part of their ongoing battle to fend off Vivendi's rival interest in the company.

Western Digital says resubmitted bid with KKR for Toshiba's chip unit

Tue, 06/27/2017 - 08:28
TOKYO (Reuters) - Western Digital Corp said it and private equity firm KKR & Co LP had resubmitted a bid for Toshiba Corp's prized flash memory chip unit.

Volvo and Autoliv team up with Nvidia for self-driving cars

Tue, 06/27/2017 - 07:51
STOCKHOLM (Reuters) - Volvo Cars and Swedish car safety supplier Autoliv have signed a deal with U.S. firm Nvidia Corp , best known for its graphics technology in computer games, to develop software systems for self-driving cars.

France's JCDecaux, America Movil create joint venture in Mexico

Tue, 06/27/2017 - 07:38
(Reuters) - France's JCDecaux said on Tuesday it will create a joint venture with Mexican telecommunications group America Movil by merging their out of home (OOH) advertising businesses.

Exclusive: Ericsson scraps push for new clients beyond telecoms

Tue, 06/27/2017 - 07:32
LONDON/STOCKHOLM (Reuters) - Ericsson has ditched its goal of winning more clients beyond the telecoms industry to refocus on selling networks to mobile phone companies in a move to cut costs and halt a dramatic fall in its share price.

With Alphabet, Google faces a daunting challenge: organizing itself

Tue, 06/27/2017 - 07:18
SAN FRANCISCO (Reuters) - Google’s self-professed mission is to organize the world’s information. But a company known for engineering excellence is still trying to solve the very human problem of how to organize itself.

Sprint in exclusive talks with Charter, Comcast on wireless deal

Tue, 06/27/2017 - 03:09
(Reuters) - Sprint Corp is in exclusive talks with Charter Communications Inc and Comcast Corp to explore a deal that could boost the cable companies' wireless service, The Wall Street Journal reported, citing people familiar with the matter.

Banks' blockchain consortium picks IBM for trade finance platform

Tue, 06/27/2017 - 00:03
PARIS (Reuters) - Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank , that is aimed at simplifying trade finance transactions for small- and medium-sized companies.

Google, Microsoft among companies urging court to back gay workers

Mon, 06/26/2017 - 23:50
(Reuters) - Dozens of companies, including Alphabet Inc's Google, Microsoft Corp, CBS Corp and Viacom Inc urged a federal appeals court on Monday to rule that a law banning sex discrimination in the workplace offers protections to gay employees.

Apple CEO touts India impact in push for deeper market access

Mon, 06/26/2017 - 22:22
(Reuters) - Apple CEO Tim Cook on Sunday highlighted the economic impact the company is having on India in a meeting with its prime minister as the iPhone maker seeks deeper access to the world's third-largest smartphone market behind the United States and China.

Apple working with Hertz to test self-driving technology: Bloomberg

Mon, 06/26/2017 - 21:04
(Reuters) - Apple Inc is leasing a small fleet of cars from rental company Hertz Global Holdings Inc to test self-driving technology, Bloomberg reported on Monday.

Apple, Cisco want cyber security insurance discount for joint customers

Mon, 06/26/2017 - 20:47
(Reuters) - Apple Inc is working with Cisco Systems to help businesses that primarily use gear from both companies to obtain a discount on cyber-security insurance premiums, Apple Chief Executive Tim Cook told Cisco CEO Chuck Robbins onstage at a Cisco event in Las Vegas.

Exclusive: Aston Martin electric car goes limited edition after LeEco exit

Mon, 06/26/2017 - 20:27
PARIS/DETROIT (Reuters) - British sports car maker Aston Martin has scaled back production plans for its first electric model after cash-strapped investment partner LeEco pulled out of the project, Chief Executive Andy Palmer told Reuters on Monday.

Social media giants step up joint fight against extremist content

Mon, 06/26/2017 - 18:33
BRUSSELS (Reuters) - Social media giants Facebook, Google's YouTube, Twitter and Microsoft said on Monday they were forming a global working group to combine their efforts to remove terrorist content from their platforms.

Google set to face record EU antitrust fine as soon as Tuesday: sources

Mon, 06/26/2017 - 18:17
PARIS (Reuters) - EU antitrust regulators are likely to impose a record fine on Alphabet unit Google over its shopping service as soon as Tuesday, two people familiar with the matter said on Monday, concluding one of three cases against the company.

Yoox Net-a-Porter shares up sharply as traders cite Alibaba interest

Mon, 06/26/2017 - 17:27
MILAN (Reuters) - Shares in Italian online fashion retailer Yoox Net-A-Porter were up almost 8 percent on Monday as traders cited reported interest from Chinese e-commerce giant Alibaba Group.

Alphabet partners with Avis to manage self-driving car fleet

Mon, 06/26/2017 - 16:49
(Reuters) - Waymo, the self-driving car unit of Alphabet Inc, signed an agreement with Avis Budget Group Inc under which the U.S. car rental firm will manage its fleet of autonomous vehicles, the companies said on Monday.

Seoul Semi says new 'Sun-like' LEDs could generate $400 million in sales by 2021

Mon, 06/26/2017 - 16:37
FRANKFURT (Reuters) - Leading LED maker Seoul Semiconductor announced a new technology which it says minimizes the blue-light spike emitted by regular LEDs that is commonly blamed for sleep disturbances and other health problems.

Russia, upping pressure on Telegram app, says terrorists use it

Mon, 06/26/2017 - 13:07
MOSCOW (Reuters) - Russia's FSB security service said on Monday that the Telegram messaging app had been used by terrorists to plot atrocities on Russian soil, increasing pressure on the service days after the authorities accused it of violating Russian legislation.

Western Digital won't consent to SK Hynix participation in Toshiba chip unit sale

Mon, 06/26/2017 - 11:36
TOKYO (Reuters) - Western Digital Corp has told Toshiba Corp that it will not agree to a sale of the Japanese conglomerate's prized memory chip unit to a preferred bidding consortium that includes rival chipmaker SK Hynix Inc .

EU court seen ruling on Intel antitrust case next year: judge

Mon, 06/26/2017 - 11:08
PARIS (Reuters) - Europe's top court is likely to rule on Intel's appeal against a record 1.06 billion euro ($1.19 billion) EU antitrust fine next year, an EU judge said on Monday, a case that may affect companies such as Google and Qualcomm in the EU's crosshairs.

Facebook in talks to produce original TV-quality shows: WSJ

Mon, 06/26/2017 - 07:41
(Reuters) - Facebook Inc is in talks with Hollywood studios about producing scripted, TV-quality shows, with an aim of launching original programming by late summer, the Wall Street Journal reported on Sunday.

Short of IT workers at home, Israeli startups recruit elsewhere

Mon, 06/26/2017 - 07:35
TEL AVIV (Reuters) - When Alexey Chalimov founded software design firm Eastern Peak in Israel four years ago he knew he would not find the developers he needed at home.

China agrees to stop cyberattacks on Canadian private sector: Globe and Mail

Mon, 06/26/2017 - 04:37
(Reuters) - China has signed an agreement to stop conducting state-sponsored cyberattacks against the Canadian private sector, the Globe and Mail reported on Sunday, citing an official communiqué.

Australia to seek greater powers on encrypted messaging at 'Five eyes' meeting

Sun, 06/25/2017 - 06:00
SYDNEY (Reuters) - Australia said on Sunday it will push for greater powers to tackle the use of encrypted messaging services used by terrorists and criminals at an upcoming meeting of ministers from the "Five Eyes" intelligence network.

CEO of Raytheon's Forcepoint eyes IPO: Boersen-Zeitung

Sat, 06/24/2017 - 19:33
FRANKFURT (Reuters) - U.S. missile maker Raytheon's cybersecurity unit could thrive were it to be listed separately, the head of the unit, Forcepoint, told German business daily Boersenzeitung in an interview published on Saturday.

India's Infosys says reassessing long-term goals due tougher market

Sat, 06/24/2017 - 18:20
Bengaluru (Reuters) - Infosys Ltd, India's second-biggest software services exporter, is re-evaluating its long-term targets because tougher market conditions have made them appear "daunting", the company's chairman said on Saturday.

UK lawmakers hit by cyber security attack: media reports

Sat, 06/24/2017 - 17:27
LONDON (Reuters) - The British parliament has been hit by a cyber attack that is preventing lawmakers from accessing their emails when not in Westminster, politicians and media reports said on Saturday.

Even with Whole Foods, Amazon would need many more warehouses to reshape grocery delivery

Sat, 06/24/2017 - 15:09
(Reuters) - If Inc hopes to revolutionize grocery delivery, then its bid to buy Whole Foods Market Inc for $13.7 billion will be just the start of a long and costly process.

Under pressure, Western tech firms bow to Russian demands to share cyber secrets

Sat, 06/24/2017 - 02:11
WASHINGTON/MOSCOW (Reuters) - Western technology companies, including Cisco , IBM and SAP , are acceding to demands by Moscow for access to closely guarded product security secrets, at a time when Russia has been accused of a growing number of cyber attacks on the West, a Reuters investigation has found.

U.S. Muslim group launches cellphone app to report hate crimes

Fri, 06/23/2017 - 22:09
NEW YORK (Reuters) - Hoping to get an accurate count of anti-Muslim hate crimes in the United States, the Council on American-Islamic Relations (CAIR) on Friday launched a mobile app allowing victims to report bias incidents.

Google to stop scanning Gmail for creating targeted ads

Fri, 06/23/2017 - 21:45
(Reuters) - Alphabet Inc's Google said on Friday it would stop scanning Gmail content for creating personalized ads from later this year, bringing the widely-used email service in line with its enterprise offering, G Suite.

Honda engineer debunks own claim about cause of Takata air bag failures

Fri, 06/23/2017 - 20:47
DETROIT (Reuters) - Honda Motor Co on Friday released a 2013 email in which one of its engineers suggested that he knew some hidden truth about "the root cause" of Takata Corp air bag failures, but the engineer later said he was mistaken.

Leveraging big data, Mercado Libre offers loans in Brazil and Mexico

Fri, 06/23/2017 - 20:10
MEXICO CITY (Reuters) - Argentine online marketplace Mercado Libre Inc plans to provide working-capital loans to entrepreneurs in Brazil and Mexico this year, expanding on a program the company launched in its homeland last month.

Canada's Supreme Court clears way for Facebook privacy lawsuit

Fri, 06/23/2017 - 19:19
OTTAWA (Reuters) - Canada's top court cleared the way on Friday for a lawsuit against Facebook Inc over privacy rights to be heard in the province of British Columbia instead of California where the social media site is based.

Tesla, others seek ways to ensure drivers keep their hands on the wheel

Fri, 06/23/2017 - 19:08
WASHINGTON (Reuters) - Automakers are using tiny cameras, sensors to track drooping heads, steering wheel monitors and audible alerts to ensure drivers pay attention when using advanced driver assistance systems, like Tesla’s Autopilot, that allow drivers to take their hands off the wheel.

Tesla, others seek ways to ensure drivers keep their hands on the wheel

Fri, 06/23/2017 - 18:49
WASHINGTON (Reuters) - Automakers are using tiny cameras, sensors to track drooping heads, steering wheel monitors and audible alerts to ensure drivers pay attention when using advanced driver assistance systems, like Tesla’s Autopilot, that allow drivers to take their hands off the wheel.

BlackBerry misses forecasts as services sales fall

Fri, 06/23/2017 - 16:22
(Reuters) - BlackBerry Ltd reported first-quarter sales that missed analysts' forecasts due to an unexpected drop in its high-margin software and professional services sales, sending its shares down more than 10 percent in early morning trade.

India's Infosys says investigation finds no evidence of wrongdoing

Fri, 06/23/2017 - 15:10
MUMBAI (Reuters) - India's Infosys said on Friday an investigation it commissioned had found no evidence of wrongdoing in accusations by an anonymous whistleblower, releasing the findings a day before it holds its annual shareholders meeting.

Axel Springer hopeful Facebook will make news pay

Fri, 06/23/2017 - 13:02
BERLIN (Reuters) - The chief executive of German publisher Axel Springer is confident that internet companies like Facebook, Snapchat and Google will help news providers make more money from their content.

China's authorities tighten noose around online video content

Fri, 06/23/2017 - 12:42
BEIJING (Reuters) - Beijing has shut down online video services of three popular Chinese media sites in a swift action that unleashed financial shockwaves and posed a firm warning to the country's online video industry: clean up, or close down.

Under pressure, Western tech firms bow to Russian demands to share cyber secrets

Fri, 06/23/2017 - 11:05
WASHINGTON/MOSCOW (Reuters) - Western technology companies, including Cisco , IBM and SAP , are acceding to demands by Moscow for access to closely guarded product security secrets, at a time when Russia has been accused of a growing number of cyber attacks on the West, a Reuters investigation has found.

Facebook launches UK initiative to counter online extremist material

Fri, 06/23/2017 - 09:56
(Reuters) - Facebook Inc is launching a UK program to train and fund local organizations to combat extremist material online, as internet companies attempt to clamp down on hate speech and violent content on their services.

Russia threatens to block Telegram messaging app

Fri, 06/23/2017 - 07:56
MOSCOW (Reuters) - Russia's communications regulator Roskomnadzor on Friday accused the Telegram messaging app of violating Russian legislation and said it could be blocked if it did not provide the watchdog with information about the company that controls Telegram.

Big Oil turns to big data to save big money on drilling

Fri, 06/23/2017 - 07:05
(Reuters) - In today's U.S. shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the rocky earth.

Toshiba to seek extension on financial filing Friday: Yomiuri

Fri, 06/23/2017 - 01:50
TOKYO (Reuters) - Toshiba Corp plans to ask regulators for an extension for filing its annual financial statement on Friday, the Yomiuri daily reported.

New token sale for blockchain-based currency EOS to launch on Monday

Thu, 06/22/2017 - 23:46
NEW YORK (Reuters) - will launch the sale of a new blockchain-based digital currency or token called EOS on Monday, the tech company said on Thursday.

Judge says San Francisco can subpoena Uber for driver information

Thu, 06/22/2017 - 21:10
SAN FRANCISCO (Reuters) - A California state judge said on Thursday that San Francisco can demand from Uber records containing the ride-hailing company's driver contact information, the city attorney said.

Exclusive: Amazon to charge $2.8 million for NFL ad packages - sources

Thu, 06/22/2017 - 20:57
NEW YORK (Reuters) - Inc is looking to charge advertisers $2.8 million for packages that include 30-second spots during the Thursday night National Football League games it will stream live to its Prime customers this coming season, two people familiar with the matter told Reuters.

CEO Zuckerberg tweaks Facebook mission to focus on groups

Thu, 06/22/2017 - 20:26
SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg revised the world's largest online social network's mission statement on Thursday to emphasize support for hobby clubs, civil society organizations and other community groups.

Trump meets wireless, drone executives on new technologies

Thu, 06/22/2017 - 20:09
WASHINGTON (Reuters) - U.S. President Donald Trump offered support for emerging technologies including unmanned aerial vehicles and next-generation wireless networks in a meeting on Thursday with the chiefs of AT&T Inc and General Electric Co and other business leaders.

Civic sells $33 million in digital currency tokens in public sale

Thu, 06/22/2017 - 17:26
NEW YORK (Reuters) - U.S. startup Civic has sold $33 million in digital currency tokens for its identity verification project in a public sale, the company's co-founder and Chief Executive Vinny Lingham told Reuters.

Tesla says exploring China car plant with Shanghai government

Thu, 06/22/2017 - 17:05
(Reuters) - Tesla Inc is exploring the possibility of establishing a Chinese manufacturing plant with the Shanghai municipal government, the U.S. electric carmaker said on Thursday in a statement.

Europe sets sights on cheap rocket engine by 2030s

Thu, 06/22/2017 - 15:35
PARIS (Reuters) - Europe aims to develop a low-cost, reusable rocket engine for use after 2030 under a deal between Airbus Safran Launchers and the European Space Agency (ESA).

Tech industry asks who will lead Toshiba's motley white knights

Thu, 06/22/2017 - 14:48
TOKYO (Reuters) - A hastily-assembled group of investors looks set to win the bid for Toshiba Corp's prized memory chip business, but a lack of clear leadership or industry clout is raising questions about who will take tough decisions about strategy and investment.

Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion - sources

Thu, 06/22/2017 - 13:47
HONG KONG (Reuters) - Chinese tech giants Alibaba Group Holdings and Tencent Holdings will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state behemoths with private cash.

Facebook to keep wraps on political ads data despite researchers' demands

Thu, 06/22/2017 - 13:41
SAN FRANCISCO (Reuters) - Facebook said it would not disclose information about political campaign advertising or related data such as how many users click on ads and if advertising messages are consistent across demographics, despite arguments from political scientists who want the data for research.

Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion - sources

Thu, 06/22/2017 - 13:21
HONG KONG (Reuters) - Chinese tech giants Alibaba Group Holdings and Tencent Holdings will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state behemoths with private cash.

Tesla reaches agreement with Shanghai to explore production: Bloomberg

Thu, 06/22/2017 - 12:30
Tesla's revenue from China more than tripled to over $1 billion last year, according to its annual report.

Exclusive: Fake online stores reveal gamblers' shadow banking system

Thu, 06/22/2017 - 12:06
LONDON (Reuters) - A network of dummy online stores offering household goods has been used as a front for internet gambling payments, a Reuters examination has found.

Daimler’s Uber rival mytaxi expands into Romania

Thu, 06/22/2017 - 11:32
LONDON (Reuters) - Mytaxi, the ride hailing app owned by German carmaker Daimler , has agreed to buy a Romanian rival as part of efforts to create a pan-European service to take on Uber.

Google to push for law enforcement to have more access to overseas data

Thu, 06/22/2017 - 11:05
WASHINGTON (Reuters) - Alphabet Inc's Google will press U.S. lawmakers on Thursday to update laws on how governments access customer data stored on servers located in other countries, hoping to address a mounting concern for both law enforcement officials and Silicon Valley.

Nissan plans driverless ride-hailing service to beat off startup competition

Thu, 06/22/2017 - 10:26
TOKYO (Reuters) - Nissan Motor Co Ltd on Thursday said it plans to launch driverless ride-hailing and ride-sharing services in coming years, as the automaker looks beyond making and selling cars to survive an industry being quickly transformed by new services.

Foxconn to continue to pursue Toshiba chip unit acquisition: Sharp CEO

Thu, 06/22/2017 - 08:43
TAIPEI (Reuters) - Taiwan's Foxconn will continue to pursue an acquisition of Toshiba Corp's chip business, a day after the troubled conglomerate chose a rival suitor as the preferred bidder, the head of Foxconn's Japanese unit said.

UK's Imagination Tech up for sale after battle with Apple

Thu, 06/22/2017 - 08:37
LONDON (Reuters) - Imagination Technologies, the British company that has lost 70 percent of its value following a dispute with its biggest customer Apple, said on Thursday it had put itself up for sale.

Chinese bicycle-sharing startup Mobike expands into Japan

Thu, 06/22/2017 - 07:25
SHANGHAI (Reuters) - Chinese bicycle-sharing startup Mobike has set up a subsidiary in Fukuoka city in northern Japan and plans to begin service later this year, it said on Thursday.

White House aims to speed U.S. drone, wireless technologies

Thu, 06/22/2017 - 03:10
WASHINGTON (Reuters) - The White House is bringing together drone makers, wireless companies and venture capitalists on Thursday to look at ways government can help speed new technologies to the marketplace.

Toshiba shares slip as it gears up for chip unit sale

Thu, 06/22/2017 - 02:18
TOKYO (Reuters) - Shares of Toshiba Corp skidded on Thursday, as the company aims to seal a deal worth some $18 billion by next week for the sale of its chip business needed to cover massive losses.

Amazon's grocery push playing catch up with Chinese e-commerce giants

Thu, 06/22/2017 - 01:02
BEIJING (Reuters) - As Inc looks to swallow U.S. grocery chain Whole Foods, China's tech giants are already digesting hefty bricks-and-mortar deals, taking the lead in the battle to transform supermarket shopping with big data and better supply chains.

Oracle reports 14.8 percent rise in fourth-quarter profit

Wed, 06/21/2017 - 22:14
(Reuters) - Oracle Corp reported a 14.8 percent rise in quarterly profit as the business software maker's transition to cloud-based services begins to yield results, sending its shares up 8 percent in after-market trading.

Apple adds Virgin to U.S. carrier lineup as Virgin ditches Android

Wed, 06/21/2017 - 20:49
(Reuters) - Apple Inc will soon start selling wireless plans from Virgin Mobile USA, the first new carrier offered by the iPhone maker's since 2013, the companies said on Wednesday.

Low U.S. inflation? It's your phone: BlackRock bond manager

Wed, 06/21/2017 - 20:31
NEW YORK (Reuters) - Americans' love of their smartphones and apps may be contributing to the sluggish pace of inflation that is worrying Wall Street and the Federal Reserve, a top bond manager at BlackRock, the world's biggest asset manager, said on Wednesday.

Twitter to let streaming video stars collect money from fans

Wed, 06/21/2017 - 18:04
SAN FRANCISCO (Reuters) - Twitter Inc plans on Wednesday to launch a system for people to earn money by streaming live on its Periscope service, a first for Twitter and a way for the company to try to compete with YouTube and others in the search for internet talent.

Intel signs Olympics sponsorship deal

Wed, 06/21/2017 - 17:17
SAN FRANCISCO (Reuters) - Intel Corp said on Wednesday that it would become a major sponsor of the International Olympic Committee, making the chipmaker the latest technology company to put marketing dollars behind the global sporting event.

Russian hackers targeted 21 U.S. states during election: U.S. official

Wed, 06/21/2017 - 16:46
WASHINGTON (Reuters) - Russian hackers targeted election systems belonging to 21 U.S. states in last year's presidential election, a U.S. official told Congress on Wednesday.

After McDonald's exit, IOC and Intel forge Olympic tie-up to 2024

Wed, 06/21/2017 - 16:44
ZURICH (Reuters) - The International Olympic Committee will partner with Intel through 2024, the IOC said on Wednesday, bringing in the U.S. technology group after McDonald's last week ended a tie-up three years early.

EBay to match some rivals' prices in bid to attract shoppers

Wed, 06/21/2017 - 15:02
(Reuters) - EBay Inc on Wednesday said it would match top competitors' prices for a number of popular products in an effort to lure customers.

Intel to collaborate with Israel's Team8, Illusive on cybersecurity

Wed, 06/21/2017 - 14:06
JERUSALEM (Reuters) - Intel Corp. has joined Team8, an Israeli creator of cybersecurity start-ups, as a strategic partner and will help with the formation of companies that address the largest cybersecurity problems, Team8 said on Wednesday.

Volvo Cars relaunches Polestar as standalone electric car brand

Wed, 06/21/2017 - 08:35
STOCKHOLM (Reuters) - Geely-owned automaker Volvo Cars will make its Polestar Performance business a standalone brand within the group, focusing on electric cars, the company said on Wednesday.

Facebook gets Indonesia nod for local unit, country's investment chief says

Wed, 06/21/2017 - 08:16
JAKARTA (Reuters) - Social networking giant Facebook Inc has received an in-principle approval to set up a domestic unit in Indonesia and the government is now processing the details, the country's investment chief said on Wednesday.