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Updated: 36 sec ago

Japan lender Mizuho to launch fintech venture

58 min 56 sec ago
TOKYO (Reuters) - Japan's Mizuho Financial Group will start a venture next month to create new businesses using "fintech," an executive said, joining a global race in financial technology that threatens to unsettle traditional players.

Global chat platform Kik to launch digital currency

4 hours 1 min ago
NEW YORK (Reuters) - Kik Interactive, which created the chat platform Kik, said on Thursday it was launching a crypto-currency or token called Kin that would enable customers to use a whole range of digital services.

Some Uber and Lyft riders are giving up their own cars: Reuters/Ipsos poll

4 hours 49 min ago
SAN FRANCISCO (Reuters) - Wally Nowinski got his first car when he turned 16 in Michigan, the home of the U.S. auto industry. But after two years of living in New York City, he sold his wheels, using ride services, carsharing and bike sharing to get around.

Facebook founder Mark Zuckerberg returns to Harvard as commencement speaker

5 hours 57 min ago
CAMBRIDGE, Mass. (Reuters) - One of Harvard University's most famous dropouts, Facebook Inc founder Mark Zuckerberg, returns on Thursday to the Ivy League school to address its graduating class.

Google's Alpha Go beats Chinese master again to clinch series win

9 hours 49 min ago
SHANGHAI (Reuters) - Google's artificial intelligence program, AlphaGo, beat Chinese Go master Ke Jie for a second time on Thursday, taking an unassailable 2-0 lead in a best of three series meant to test the limits of computers in taking on humans at complex tasks.

Newly discovered vulnerability raises fears of another WannaCry

10 hours 48 min ago
SINGAPORE (Reuters) - A newly found flaw in widely used networking software leaves tens of thousands of computers potentially vulnerable to an attack similar to that caused by WannaCry, which infected more than 300,000 computers worldwide, cybersecurity researchers said on Thursday.

China's Lenovo fourth-quarter profit falls 41 percent, beats estimates

11 hours 29 min ago
HONG KONG (Reuters) - China's Lenovo Group Ltd , the world's largest personal computer maker, on Thursday posted a 41 percent drop in fourth-quarter profit at a time of sluggish PC demand.

India's Infosys touts plan to hire Americans in face of visa pressures

11 hours 40 min ago
SAN FRANCISCO (Reuters) - Infosys Ltd, the India-based computer services giant, on Wednesday touted its new strategy to hire and train 10,000 American workers over the next two years at the company's annual leadership meeting in San Francisco.

Brazilian ride-hailing app 99 raises $100 million from SoftBank

Wed, 05/24/2017 - 22:44
SAO PAULO (Reuters) - Japan's SoftBank Group Corp agreed to invest $100 million in Brazilian ride-hailing app 99, the startup said on Wednesday, capping off a fund-raising round totaling more than $200 million.

Exclusive: Facebook signs BuzzFeed, Vox, others for original video shows - sources

Wed, 05/24/2017 - 21:44
NEW YORK (Reuters) - Facebook Inc has signed deals with millennial-focused news and entertainment creators Vox Media, BuzzFeed, ATTN, Group Nine Media and others to make shows for its upcoming video service, which will feature long and short-form content with ad breaks, according to several sources familiar with the situation.

Exclusive: Wannacry hits Russian postal service, exposes wider security shortcomings

Wed, 05/24/2017 - 17:35
MOSCOW (Reuters) - Russia's postal service was hit by Wannacry ransomware last week and some of its computers are still down, three employees in Moscow said, the latest sign of weaknesses that have made the country a major victim of the global extortion campaign.

Bitcoin soars above $2,400 to all-time high

Wed, 05/24/2017 - 16:39
(Reuters) - Digital currency bitcoin hit a fresh record high on Wednesday, surging above $2,400, as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technology.

Germany says makes progress with China on electric car quotas

Wed, 05/24/2017 - 13:58
BEIJING (Reuters) - Germany has made good progress with China on how to introduce quotas aimed at producing more electric vehicles, Foreign Minister Sigmar Gabriel said on Wednesday, adding that more details needed to be worked out.

Transaction app Alipay launches first non-yuan version in Hong Kong

Wed, 05/24/2017 - 12:35
HONG KONG (Reuters) - Chinese online and mobile payment platform Alipay on Wednesday launched in Hong Kong its first app to handle transactions not denominated in the yuan currency, moving closer to its ambition of widening currency payment options.

Israel takes on UberNight in latest legal battle for Uber

Wed, 05/24/2017 - 11:59
JERUSALEM (Reuters) - Uber faces a legal challenge in Israel, adding to the list of places where it is under scrutiny, after the country alleged unauthorized drivers were illegally paid using its network for a new car pooling app the company is piloting.

Japan's SoftBank to appoint heads of overseas units as board members

Wed, 05/24/2017 - 11:39
TOKYO (Reuters) - SoftBank Group Corp said on Wednesday it plans to appoint heads of key overseas subsidiaries to the group's board of directors, as the Japanese firm's business focus moves away from its domestic market.

Microsoft to buy cyber security firm Hexadite for $100 million: report

Wed, 05/24/2017 - 11:35
JERUSALEM (Reuters) - Microsoft has agreed to acquire cyber security firm Hexadite for $100 million, Israeli financial news website Calcalist reported on Wednesday.

Dubai's Emaar buys Namshi stake after Amazon buys

Wed, 05/24/2017 - 09:13
DUBAI/FRANKFURT (Reuters) - Dubai's Emaar Malls will buy a 51 percent stake in e-commerce fashion website Namshi from Germany's Rocket Internet for $151 million as competition for technology deals heats up in the Middle East.

'Clash of Clans' maker Supercell buys majority stake in UK's Space Ape

Wed, 05/24/2017 - 09:08
HELSINKI (Reuters) - Finnish mobile game maker Supercell has acquired a majority stake in London-based game studio Space Ape, the British company said on its website.

Battle hardened eastern European tech entrepreneurs draw global interest

Wed, 05/24/2017 - 08:02
PRAGUE (Reuters) - Tech entrepreneurs in central and southeastern European, many of whom already have experience of launching their own businesses, are now having more success at enticing global investors the second time around.

India's electric vehicles push likely to benefit Chinese car makers

Wed, 05/24/2017 - 03:36
NEW DELHI (Reuters) - India's ambitious plan to push electric vehicles at the expense of other technologies could benefit Chinese car makers seeking to enter the market, but is worrying established automakers in the country who have so far focused on making hybrid models.

Brazil appeals court rules Uber driver not entitled to benefits

Wed, 05/24/2017 - 01:58
SAO PAULO (Reuters) - A Brazil appeals court on Tuesday ruled that a driver working for Uber via its ride-hailing app is not an employee of the San Francisco-based company and therefore not entitled to workers' benefits, overturning an earlier lower court decision.

Wearable tech latest must-have for China's proud pet owners

Wed, 05/24/2017 - 01:11
HONG KONG (Reuters) - Electronic device makers such as Hong Kong-listed SUGA and other start-ups are looking to cash-in on a boom in China in so-called pet wearables, like smart collars, leashes and feeders.

Patent plaintiffs see way around U.S. Supreme Court ruling

Tue, 05/23/2017 - 22:08
(Reuters) - Corporations are cheering a U.S. Supreme Court decision limiting where they can be sued for patent infringement, but some intellectual property lawyers say loopholes in the ruling likely mean lawsuits will continue to be filed in plaintiff-friendly jurisdictions.

Uber inadvertently underpaid New York City drivers for over two years

Tue, 05/23/2017 - 20:54
(Reuters) - Uber Technologies Inc [UBER.UL] said on Tuesday it underpaid its New York City drivers for the past two-and-a-half years, an error that could cost the ride-hailing company tens of millions of dollars.

BlackBerry shares jump on hopes for growth in security, auto markets

Tue, 05/23/2017 - 17:09
TORONTO (Reuters) - BlackBerry Ltd's Toronto-listed shares surged 8.5 percent on Tuesday as investors raised expectations that the technology company's cyber security and automotive software will post strong growth, an analyst said.

EU states approve plans to make social media firms tackle hate speech

Tue, 05/23/2017 - 16:53
BRUSSELS (Reuters) - European Union ministers approved plans on Tuesday to make social media companies such as Facebook, Twitter and Google's YouTube tackle hate speech on their platforms, the first legislation at EU level on the issue.

Delivery Hero set to list before summer break: sources

Tue, 05/23/2017 - 16:37
BERLIN (Reuters) - Online food takeaway firm Delivery Hero is set to float before the summer break in a deal valuing one of Europe's biggest start-ups at up to 4 billion euros ($4.5 billion), people close to the matter said on Tuesday.

Altice explores entry into U.S. wireless business: executive

Tue, 05/23/2017 - 16:33
NEW YORK (Reuters) - Altice USA, the cable operator that arose from Netherlands-based Altice NV's acquisitions of Cablevision Systems Corp and Suddenlink Communications, is exploring ways to enter the wireless business as rival cable companies prepare their own mobile services, its chief executive said.

Fidelity to allow clients to see digital currencies on website

Tue, 05/23/2017 - 16:11
NEW YORK (Reuters) - Fidelity Investments will allow its clients to see their holdings of bitcoin and other virtual currencies held on digital asset exchange Coinbase on the company's website, said Chief Executive Abigail Johnson on Tuesday.

BofA, HSBC, Intel, others invest $107 million in blockchain startup R3

Tue, 05/23/2017 - 14:48
NEW YORK (Reuters) - Financial and technology companies led by Bank of America Corp , SBI Holdings Inc , HSBC Holdings Plc , Intel Corp and Temasek Holdings have invested $107 million in R3 CEV, a startup which runs a big bank consortium seeking to develop blockchain technology, it said on Tuesday.

Telecoms giant Huawei enters PC market, battling Lenovo, HP, Dell

Tue, 05/23/2017 - 14:46
FRANKFURT (Reuters) - Chinese network and smartphone giant Huawei [HWT.UL] said on Tuesday it plans a global expansion into computers, posing a fresh challenge to established PC players in a market that has suffered from two years of steady sales volume declines.

Expedia begins offering online booking for hotels in Cuba

Tue, 05/23/2017 - 13:34
HAVANA (Reuters) - U.S. online travel services company Expedia said on Tuesday it had started offering online booking for hotels in Communist-run Cuba, hoping to capitalize on a boom in tourism to the Caribbean island.

Take-Two's full-year revenue forecast hit by delay of 'Red Dead' game

Tue, 05/23/2017 - 13:12
(Reuters) - Take-Two Interactive Software Inc on Tuesday forecast full-year revenue well below analysts' estimates as it pushed out the launch of its highly anticipated Western action-adventure "Red Dead" videogame to spring 2018 from fall 2017.

Online insurer Fabric launches life coverage for New York parents

Tue, 05/23/2017 - 13:04
(Reuters) - Fabric, a web-based insurance agency that promises new parents accidental death coverage in two minutes, opened for business in New York on Tuesday following the state's approval of its key product, the company said.

Altice to group all operations under a single brand by mid-2018

Tue, 05/23/2017 - 12:58
PARIS (Reuters) - Telecoms and cable holding company Altice will group all its operations under its current name by mid-2018, including its French unit SFR Group, which has lost customers and suffered from poor brand perception lately.

Apple in talks to expand India production capacity: minister

Tue, 05/23/2017 - 10:20
NEW DELHI (Reuters) - Apple Inc wants to expand its contract manufacturer's facility in the southern Indian tech hub of Bengaluru, a federal minister said on Tuesday, as the iPhone maker seeks a bigger share in one of the world's biggest smartphone markets.

Huawei narrows gap with Samsung, Apple in smartphone sales: Gartner

Tue, 05/23/2017 - 09:45
FRANKFURT (Reuters) - China's Huawei [HWT.UL] has narrowed the gap with its two biggest competitors Apple Inc. and Samsung Electronics in global smartphone sales, first-quarter data from research firm Gartner showed on Tuesday.

China seeks safe steering of bike-sharing boom to clear cluttered streets

Tue, 05/23/2017 - 09:09
SHANGHAI (Reuters) - China has published draft guidelines to regulate the booming bicycle-sharing industry whose firms have raised hundreds of millions in dollars in funding but have cluttered up sidewalks with bikes.

Nokia settles patent dispute with Apple

Tue, 05/23/2017 - 09:07
HELSINKI (Reuters) - Finland's Nokia said on Tuesday it has settled its patent dispute with Apple and also signed a business collaboration deal with the U.S. company.

Google's AlphaGo takes on Chinese Go master in best of three matches

Tue, 05/23/2017 - 08:53
BEIJING (Reuters) - Google's artificial intelligence program AlphaGo took on the Chinese world number one of ancient board game Go on Tuesday, the second time it has gone head-to-head with a master Go player in a public showdown.

China's LeEco to slash U.S. jobs amid global pull-back: source

Tue, 05/23/2017 - 06:45
TAIPEI (Reuters) - China's embattled LeEco aims to cut its U.S. workforce to as few as 60 people from around 500 earlier this year, as the Netflix-to-Tesla-like group streamlines global operations to shake off a cash crunch, a person with knowledge of the plan said.

Hong Kong police arrest 21 Uber drivers

Tue, 05/23/2017 - 06:41
HONG KONG (Reuters) - Hong Kong police on Tuesday arrested 21 Uber drivers for illegal car-hiring as part of an ongoing clamp down against Uber Technologies Inc's [UBER.UL] operations in the Asian financial city.

TransferWise offers foreign currency business accounts, debit cards

Tue, 05/23/2017 - 06:03
NEW YORK (Reuters) - London-based startup TransferWise has launched a new service in the UK and Europe that will make it easier for small businesses to keep money and get paid in more than 15 currencies, as the company branches beyond its core money transfer business.

Indian digital payments firm Paytm launches niche payments bank

Tue, 05/23/2017 - 04:45
MUMBAI (Reuters) - Indian digital payments firm Paytm launched a niche payments bank on Tuesday, aiming to acquire 500 million customers in the next three years, the company said in a statement.

Symantec says 'highly likely' North Korean hacking group behind ransomware attacks

Tue, 05/23/2017 - 01:05
WASHINGTON (Reuters) - Cyber security firm Symantec said on Monday it was "highly likely" a hacking group affiliated with North Korea was responsible for the WannaCry cyber attack this month that infected more than 300,000 computers worldwide and disrupted operations at hospitals, banks and schools across the globe.

Take-Two pushes 'Red Dead' launch to next year, shares sink

Mon, 05/22/2017 - 23:24
(Reuters) - Rockstar Games, the videogame studio owned by Take-Two Interactive Software Inc, said on Monday the launch of its highly-awaited Western action-adventure videogame, "Red Dead Redemption 2", would be pushed to spring next year.

Glencore predicts OPEC insulated from electric vehicle impact

Mon, 05/22/2017 - 22:11
ZUG, Switzerland (Reuters) - OPEC nations that deliver some of the lowest cost production will be relatively insulated from an early peak in oil demand caused by any faster-than-expected roll-out of electric vehicles, Glencore's chairman said on Monday.

U.N.'s North Korea sanctions monitors hit by 'sustained' cyber attack

Mon, 05/22/2017 - 21:49
UNITED NATIONS (Reuters) - United Nations experts investigating violations of sanctions on North Korea have suffered a "sustained" cyber attack by unknown hackers with "very detailed insight" into their work, according to an email warning seen by Reuters on Monday.

Toyota, tech firms explore blockchain for driverless cars

Mon, 05/22/2017 - 21:33
NEW YORK (Reuters) - Toyota Research Institute, a wholly owned unit of Toyota Motor North America, said on Monday it has teamed up with MIT Media lab and five other companies to explore blockchain technology for the development of driverless cars.

Ukrainian hacker gets prison in U.S. insider trading case

Mon, 05/22/2017 - 21:04
(Reuters) - A Ukrainian computer hacker was sentenced on Monday to 2-1/2 years in prison over his role in a global scheme to conduct insider trading based on stolen, yet-to-be-published corporate news releases, U.S. prosecutors said.

Indian automakers say proposed tax could make hybrids unviable

Mon, 05/22/2017 - 20:02
NEW DELHI (Reuters) - Indian automakers will this week urge the government to lower a proposed sales tax on hybrid vehicles, as they fear the planned rate could make development of the technology unviable, industry sources and executives told Reuters on Monday.

Italy offers multinationals voluntary "webtax" to avoid wrangles

Mon, 05/22/2017 - 18:16
ROME (Reuters) - Italy sought to boost revenue from multinational internet companies on Monday by offering them the chance to agree on their future tax bills rather than risk disputes.

Germany must invest to keep up in electric cars: Merkel

Mon, 05/22/2017 - 16:53
KAMENZ, Germany (Reuters) - Germany and its auto industry must invest heavily to ensure it is not left behind by the shift to electric cars, Chancellor Angela Merkel said on Monday as she laid a foundation stone for a new battery factory for Daimler unit Accumotive.

U.S. top court tightens patent suit rules in blow to 'patent trolls'

Mon, 05/22/2017 - 16:24
WASHINGTON (Reuters) - The U.S. Supreme Court on Monday tightened rules for where patent lawsuits can be filed in a decision that may make it harder for so-called patent "trolls" to launch sometimes dodgy patent cases in friendly courts, a major irritant for high-tech giants like Apple and Alphabet Inc's Google.

EU to conclude Google antitrust cases in next few months

Mon, 05/22/2017 - 14:15
OXFORD, England (Reuters) - EU antitrust regulators will rule in the "next few months" whether Alphabet's Google abused its dominance of internet searches and other areas, a senior European Commission official said on Monday, an outcome that could lead to a hefty fine.

Chinese regulator approves VW-JAC Motor electric car venture

Mon, 05/22/2017 - 13:09
BEIJING (Reuters) - Germany's Volkswagen AG and Anhui Jianghuai Automobile Group (JAC Motor) have received approval from Chinese regulators to form a joint venture to make electric vehicles, the two automakers said on Monday.

Rovio Entertainment sets date for Angry Birds movie sequel

Mon, 05/22/2017 - 11:52
HELSINKI (Reuters) - Finnish mobile games and animation studio Rovio Entertainment has decided to proceed with its plans to produce a sequel to its Angry Birds movie, it said on Monday, aiming for release in September 2019.

Exclusive: Hackers hit Russian bank customers, planned international cyber raids

Mon, 05/22/2017 - 11:00
MOSCOW (Reuters) - Russian cyber criminals used malware planted on Android mobile devices to steal from domestic bank customers and were planning to target European lenders before their arrest, investigators and sources with knowledge of the case told Reuters.

Bitcoin options exchange raises $11.4 million in funding

Mon, 05/22/2017 - 06:26
NEW YORK (Reuters) - Ledger Holdings, the New York-based parent company of bitcoin options exchange LedgerX, said on Monday it closed $11.4 million in funding led by Miami International Holdings Inc and China's Huiyin Blockchain Venture Investments.

Facebook leaked documents show types of content it allows: Guardian

Mon, 05/22/2017 - 03:57
(Reuters) - Leaked Facebook Inc documents show how the social media company moderates issues such as hate speech, terrorism, pornography and self-harm on its platform, the Guardian reported, citing internal guidelines seen by the newspaper.

Samsung Electronics will continue looking for acquisition opportunities: executive

Mon, 05/22/2017 - 03:50
(Reuters) - Tech giant Samsung Electronics Co Ltd will continue looking for acquisition opportunities that will bolster the firm's products and services, a senior company executive said on Monday.

Texas lawmakers clear way for Uber, Lyft return to major cities

Sun, 05/21/2017 - 13:12
AUSTIN, Texas (Reuters) - Texas governor Greg Abbott will sign in the next few days a bill that would shield ride-hailing firms Uber and Lyft from bruising battles over fingerprint background checks that led them to leave some of the state's most important markets.

Jia Yueting steps down as CEO of troubled Leshi, remains chairman

Sun, 05/21/2017 - 12:27
BEIJING (Reuters) - Jia Yueting will step down as chief executive of Leshi Internet Information & Technology Corp Beijing but will retain his position as chairman, with the company's finance chief also to be replaced, according to a stock exchange filing on Sunday.

Exclusive: North Korea's Unit 180, the cyber warfare cell that worries the West

Sun, 05/21/2017 - 04:49
SEOUL (Reuters) - North Korea's main spy agency has a special cell called Unit 180 that is likely to have launched some of its most daring and successful cyber attacks, according to defectors, officials and internet security experts.

Softbank-Saudi tech fund becomes world's biggest with $93 billion of capital

Sat, 05/20/2017 - 21:44
RIYADH (Reuters) - The world's largest private equity fund, backed by Japan's Softbank Group and Saudi Arabia's main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics.

Ex-IBM employee from China pleads guilty to code theft charges

Sat, 05/20/2017 - 00:55
NEW YORK (Reuters) - A former software engineer for IBM in China pleaded guilty on Friday to stealing proprietary source code from the company, federal prosecutors announced on Friday.

Ford using first over-the-air software updates to its 2016 cars

Fri, 05/19/2017 - 21:31
SAN FRANCISCO (Reuters) - Ford Motor Co said on Friday it would delve into the growing arena of "over-the-air" software updates, adding Android Auto and Apple CarPlay to its Sync 3-equipped 2016 vehicles for the first time via a wireless software update.

WannaCry attack is good business for cyber security firms

Fri, 05/19/2017 - 18:35
SAN FRANCISCO (Reuters) - For Kris Hagerman, chief executive of UK-based cyber security firm Sophos Group Plc, the past week could have been bad. The WannaCry "ransomware" attack hobbled some of its hospital customers in Britain's National Health Service, forcing them to turn away ambulances and cancel surgeries.

North Korea says linking cyber attack to Pyongyang is 'ridiculous'

Fri, 05/19/2017 - 18:09
UNITED NATIONS (Reuters) - North Korea's deputy U.N. ambassador said on Friday that linking Pyongyang with the global WannaCry "ransomware" cyber attack is "ridiculous."

Amid industry pushback, China offers changes to cyber rules: sources

Fri, 05/19/2017 - 17:57
BEIJING (Reuters) - China may delay full implementation of controversial new cyber security rules, giving companies more time to prepare, two people who attended a meeting on Friday between the country's internet regulator, businesses and diplomats told Reuters.

Companies use kidnap insurance to guard against ransomware attacks

Fri, 05/19/2017 - 15:56
NEW YORK/LONDON (Reuters) - Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world's political hotspots to recoup losses caused by ransomware viruses such as "WannaCry", insurers say.

EU executive asks bank watchdog to rethink 'screen scraping' ban

Fri, 05/19/2017 - 14:44
LONDON (Reuters) - The European Union's financial services chief will ask the bloc's banking watchdog to rethink its proposed ban on "screen scrapping" or financial technology firms directly accessing bank accounts.

French researchers find last-ditch cure to unlock WannaCry files

Fri, 05/19/2017 - 14:09
FRANKFURT (Reuters) - French researchers said on Friday they have found a last-chance way for technicians to save Windows files encrypted by WannaCry, racing against a deadline as the ransomware threatens to start locking up victims' computers first infected a week ago.

London City Airport's flights to be controlled from 70 miles away

Fri, 05/19/2017 - 13:16
LONDON (Reuters) - If you fly into London City in two years' time, air traffic controllers won't see your plane through a window but will guide it down from screens 70 miles away as the airport becomes one of the first in a major capital to use a digital control tower.

Wannacry cyber attack compromised Russian banks in isolated cases: central bank

Fri, 05/19/2017 - 13:07
MOSCOW (Reuters) - The Wannacry cyber attack compromised Russian banks' resources in some isolated cases, but the consequences of the attack were dealt with quickly, the Russian central bank said on Friday.

Uber threatens to fire self-driving car engineer in trade secrets case

Fri, 05/19/2017 - 06:44
(Reuters) - Uber has threatened to fire an engineer accused by Alphabet's self-driving Waymo unit of stealing confidential documents in a high profile trade secrets case between the two companies, according to a court filing.

Bain to submit bid for majority stake in Toshiba chip unit

Fri, 05/19/2017 - 05:24
TOKYO (Reuters) - U.S. buyout firm Bain Capital LP plans to bid around 1.5 trillion yen ($13.5 billion) for a majority stake in Toshiba Corp's chip business, people with knowledge of the matter said.

Alibaba injects $488 million health food assets into Ali Health

Fri, 05/19/2017 - 03:16
HONG KONG (Reuters) - Alibaba Health Information Technology Ltd said on Friday controlling shareholder Alibaba Group Holding Ltd would sell HK$3.8 billion ($488.3 million) worth of health food and nutritional products businesses to the company, further developing it into Alibaba's healthcare flagship platform.

Uber to appeal arbitration ruling in self driving car lawsuit

Fri, 05/19/2017 - 01:10
SAN FRANCISCO (Reuters) - Uber will appeal a judge's order rejecting its attempt to arbitrate a high profile trade secrets lawsuit against Alphabet's self-driving Waymo unit, according to a court filing on Thursday.

With new mini-apps, WeChat seeks even more China clicks

Fri, 05/19/2017 - 01:04
HONG KONG (Reuters) - In a cluster of refurbished Mao-era industrial buildings in Guangzhou, developers at China's top messaging app, WeChat, are redesigning key parts of its product to spread its tentacles to just about every aspect of Chinese life.

Carlos Slim's America Movil to roll out 4.5G network this year

Thu, 05/18/2017 - 23:29
MEXICO CITY (Reuters) - Billionaire Carlos Slim's telecommunications giant America Movil plans to roll out a 4.5G network in Mexico by the end of the year, and gear up for 5G by 2020, CEO Daniel Hajj said at a news conference in Mexico City on Thursday.

Blockchain token sale nets $25 million in under 15 minutes

Thu, 05/18/2017 - 23:07
NEW YORK (Reuters) - Aragon, a project that creates software to manage companies, has raised $25 million in under 15 minutes late on Wednesday with the sale of its own token, said Luis Cuende, the project's co-founder.

Security experts find clues to ransomware worm's lingering risks

Thu, 05/18/2017 - 20:50
FRANKFURT (Reuters) - Two-thirds of those caught up in the past week's global ransomware attack were running Microsoft's Windows 7 operating system without the latest security updates, a survey for Reuters by security ratings firm BitSight found.

Facebook reaches deal to show 20 Major League Baseball games live

Thu, 05/18/2017 - 20:13
SAN FRANCISCO (Reuters) - Facebook Inc has struck a deal with Major League Baseball to show 20 of the league's games live this season in an agreement that expands the social media network further into the world of live programming.

U.S. FCC votes 2-1 to advance repeal of Obama-era internet rules

Thu, 05/18/2017 - 18:48
(Reuters) - The U.S. Federal Communications Commission voted 2-1 on Thursday to advance a Republican plan to reverse the Obama administration's 2015 "net neutrality" order.

Facebook wins dismissal of U.S. lawsuits linked to terrorism

Thu, 05/18/2017 - 18:41
NEW YORK (Reuters) - A federal judge on Thursday dismissed two lawsuits accusing Facebook Inc of supporting terrorist groups by letting them use its social media platform to further their aims, including violence against Jews.

Indians report spike in ransomware attacks, government says damage contained

Thu, 05/18/2017 - 18:25
NEW DELHI (Reuters) - The number of computers reported infected by a global ransomware attack in India has more than doubled to around 193 on Thursday from a day ago, a federal cyber security official said, adding that steps taken by the government have helped limit its spread.

Bitcoin's murkier rivals line up to displace it as cybercriminals' favorite

Thu, 05/18/2017 - 18:24
LONDON (Reuters) - Bitcoin is well-entrenched as the preferred payment for cybercriminals like the WannaCry hackers who have hit more than 300,000 computers over the past week, but cryptocurrencies offering more anonymity are threatening to displace it.

Alibaba reveals $6 billion share buyback as misses EPS forecast

Thu, 05/18/2017 - 14:38
(Reuters) - Alibaba Group Holding Ltd said on Thursday it would buy back shares worth up to $6 billion over two years, as it beat first quarter revenue forecasts but missed income estimates.

Qualcomm shows off wireless charging for electric vehicles

Thu, 05/18/2017 - 14:01
SAN FRANCISCO (Reuters) - Qualcomm Inc said on Thursday it had demonstrated how electric vehicles could be charged wirelessly while driving, a technology some believe will help accelerate the adoption of self-driving cars.

UK to sanction digital firms which fail to take down illegal internet content

Thu, 05/18/2017 - 13:10
HALIFAX, England (Reuters) - Britain will punish digital companies, social media platforms and content providers which fail to take down content from the internet which breaks the law, the ruling Conservatives said in their policy document ahead of a June 8 election.

Japan's Sharp to invest $1 billion in SoftBank's 'Vision' Tech Fund

Thu, 05/18/2017 - 12:45
TOKYO (Reuters) - Sharp Corp said on Thursday it would invest up to $1 billion in SoftBank Group's planned $100 billion Vision fund and that it aims to tap advanced technologies through the investment.

Germany refers case on Uber sedan service to European court

Thu, 05/18/2017 - 10:40
KARLSRUHE, Germany (Reuters) - Germany's highest court on Thursday referred a case seeking to ban Uber's sedan services with licensed drivers to the European Court of Justice to decide whether a ban of the "Uber Black" service would violate broader European Union laws.

EU fines Facebook 110 million euros over WhatsApp deal

Thu, 05/18/2017 - 09:39
BRUSSELS (Reuters) - European Union antitrust regulators fined Facebook 110 million euros ($122 million) on Thursday for giving misleading information during a vetting of its deal to acquire messaging service WhatsApp in 2014.

Apple begins assembling iPhone SE in southern India plant

Thu, 05/18/2017 - 09:09
MUMBAI (Reuters) - Apple Inc has begun assembling its low-priced iPhone SE at its contract manufacturer's plant in the technology hub of Bengaluru in southern India, the company said in a statement.

Qualcomm ups ante in fight with Apple, sues four Taiwanese suppliers

Thu, 05/18/2017 - 06:52
(Reuters) - Chipmaker Qualcomm Inc has escalated its patent battle with Apple Inc , suing Foxconn and three other Taiwanese manufacturers that supply iPhone and iPad components for not paying royalties.

Google shifts mobile focus to apps and digital assistant

Thu, 05/18/2017 - 05:53
(Reuters) - Mobile phone apps took center stage at Google’s annual developer conference on Wednesday as the search giant announced new features for its digital assistant and its popular photo app while devoting little time to the Android mobile operating system.

Softbank-backed OneWeb increases offer for Intelsat

Thu, 05/18/2017 - 02:30
NEW YORK (Reuters) - OneWeb, the U.S. satellite startup backed by Japan's SoftBank Group Corp, has increased its merger proposal for Intelsat SA by offering Intelsat's creditors a smaller discount for their bonds than it had before.

Cisco revenue forecast disappoints; says to cut 1,100 more jobs

Thu, 05/18/2017 - 02:10
(Reuters) - Cisco Systems Inc forecast current-quarter revenue that widely missed analysts' estimates and said it would cut 1,100 more jobs, as the world's largest networking gear maker steps up efforts to transform into a software-focused company.