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Updated: 3 min 24 sec ago

LG Display says 2016 profit $1.1 billion, down 19 percent on year

34 min 10 sec ago
SEOUL (Reuters) - South Korea's LG Display Co Ltd said on Tuesday its 2016 operating profit fell 19 percent from a year earlier.

Yahoo revenue rises 15.4 percent amid Verizon deal uncertainty

1 hour 28 min ago
(Reuters) - Yahoo Inc reported a 15.4 percent rise in quarterly revenue on Monday, ahead of a proposed sale of its core internet business to Verizon Communications Inc.

Beyond Pokemon Go: augmented reality catches Jon Hamm at Sundance

3 hours 29 min ago
PARK CITY, Utah (Reuters) - Attendees at the Sundance Film Festival can use augmented reality (AR) to hang out with "Mad Men" star Jon Hamm or assemble a human brain, as makers of the new immersive technology seek to engage independent filmmakers.

'Resident Evil' goes back to survival horror roots for new game

4 hours 41 min ago
LONDON (Reuters) - Videogame series 'Resident Evil' goes back to its 'survival horror' roots for its new installment with players experiencing the new game from a first person perspective for the first time, according to Japanese videogame maker Capcom.

Saudi Telecoms authority says cyber attacks have targeted websites

7 hours 55 min ago
KHOBAR, Saudi Arabia (Reuters) - Saudi Arabia's telecommunications regulator, the Communication and Information Technology Commision (CITC) said on Monday cyber attacks had targeted several websites in the kingdom, the country's state television said on its Twitter account.

Austrian software firm raises $165 million to take on HPE and IBM in testing

8 hours 49 min ago
FRANKFURT (Reuters) - A little-known Austrian software company is looking to snatch business from established players HP Enterprise (HPE) and IBM in the market for software testing tools, after raising $165 million from a U.S. private equity firm.

Sprint to buy a third of Jay Z's music streaming service Tidal

9 hours 9 min ago
(Reuters) - U.S. wireless carrier Sprint Corp said on Monday it would buy 33 percent of Tidal, a music streaming service owned by rapper Jay Z.

Japanese banks agree to not call in some Toshiba loans early for now: sources

11 hours 4 min ago
TOKYO (Reuters) - Main Japanese lenders of Toshiba Corp have agreed to not call in some of their loans early for now even as recent downgrades of the troubled firm's credit ratings violate some provisions in debt agreements, two people with direct knowledge of the matter said.

Lloyds a victim of cyber attack that hit banking services

11 hours 21 min ago
LONDON (Reuters) - Lloyds Banking Group is working with law enforcement agencies to trace who may be behind a cyber attack that caused intermittent outages for customers of its personal banking websites almost two weeks ago, according to a source familiar with the incident.

Fingerprint Cards board member detained for alleged market abuse

12 hours 18 min ago
STOCKHOLM (Reuters) - Sweden's Fingerprint Cards said on Monday its board member Lars Soderfjell had been taken into custody for alleged market abuse in conjunction with a profit warning by the biometric technology firm in December.

China cracks down on unauthorized internet connections

12 hours 29 min ago
HONG KONG (Reuters) - China is reinforcing its censorship of the internet with a campaign to crack down on unauthorized connections, including virtual private network (VPN) services, that allow users to bypass restrictions known as the Great Firewall.

China approves first list of green car models for subsidies this year

13 hours 8 min ago
BEIJING (Reuters) - China released on Monday this year's first list of "recommended" green energy vehicles, paving the way for 185 car models to receive government subsidies.

As attacks grow, EU mulls banking stress tests for cyber risks

13 hours 17 min ago
BRUSSELS (Reuters) - The European Union is considering testing banks' defenses against cyber attacks, EU officials and sources said, as concerns grow about the industry's vulnerability to hacking.

JP Morgan sees U.S. telecom sector consolidation, T-Mobile deal

14 hours 17 min ago
(Reuters) - U.S. telecom sector could be on the brink of a major consolidation under President Donald Trump's likely more merger-friendly administration, said JP Morgan Securities, which now sees a 90 percent chance of T-Mobile US being involved in a strategic transaction in the next five years.

Hugo Barra to leave Xiaomi

15 hours 59 min ago
(Reuters) - Xiaomi's global vice-president Hugo Barra announced his departure from the Chinese technology company after a four year-run.

South Korea prosecutors to investigate other conglomerates after Samsung probe

16 hours 52 min ago
SEOUL (Reuters) - South Korea's special prosecutor's office said on Monday it plans to investigate other conglomerates after completing its probe of Samsung Group [SAGR.UL], whose leader has been named a suspect in a graft scandal involving President Park Geun-hye.

China's bitcoin exchanges, eyed by regulators, slap on trading fees

18 hours 16 min ago
SHANGHAI (Reuters) - China's three largest bitcoin exchanges, whose activities have drawn increased scrutiny from the central bank, said they will begin charging trading fees effective Tuesday.

SEC probing Yahoo over previously disclosed cyber breach: filing

19 hours 46 min ago
(Reuters) - The U.S. Securities and Exchange Commission is investigating a previously disclosed data breach at Yahoo Inc, the company said in a filing.

Samsung Electronics won't unveil Galaxy S8 smartphone at MWC show: executive

20 hours 8 min ago
SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd said on Monday it will not unveil its Galaxy S8 smartphone at the Mobile World Congress (MWC) trade show this year, suggesting the flagship model's launch may be later in the year than its 2016 version.

Samsung Electronics says battery defects caused Note 7 fires

21 hours 42 min ago
SEOUL (Reuters) - Samsung Electronics Co Ltd on Monday said battery defects caused its premium Galaxy Note 7 phones to catch fire, not the device's software or hardware.

Samsung burning to regain trust with results of Note 7 fires probe

Sun, 01/22/2017 - 23:05
SEOUL (Reuters) - Samsung Electronics Co Ltd plans on Monday to reveal reasons behind the spontaneous combustion of its recalled Galaxy Note 7, as the world's biggest smartphone maker works to regain consumer trust before launching its next premium model.

Foxconn CEO says investment for display plant in U.S. would exceed $7 billion

Sun, 01/22/2017 - 13:00
TAIPEI (Reuters) - Foxconn, the world's largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday.

UK's May looks to boost technology industry as she eyes life after Brexit

Sun, 01/22/2017 - 12:36
LONDON (Reuters) - The government's plan to reshape Britain's economy to adapt to Brexit will be announced next week, Prime Minister Theresa May said on Sunday, highlighting technology as one growth sector and setting out a new technical education strategy.

China sets up $14.6 billion internet investment fund: Xinhua

Sun, 01/22/2017 - 08:20
BEIJING (Reuters) - China has set up a 100 billion yuan ($14.55 billion) fund to support investment in the internet sector, said official news agency Xinhua on Sunday.

Chief of Taiwan's Foxconn says rise of protectionism unavoidable

Sun, 01/22/2017 - 04:17
TAIPEI (Reuters) - The head of Foxconn, the world's largest contract manufacturer of electronic goods and a major Apple Inc supplier, said on Sunday that the rise of protectionism is unavoidable.

As nuclear loss grows, Toshiba needs chip investors, soon

Sun, 01/22/2017 - 01:18
TOKYO (Reuters) - With mounting writedowns from its nuclear business, Japan's Toshiba Corp is looking to sell part of its core semiconductors business, a world No.2 in the flash memory chips used in smartphones.

Apple files $1 billion lawsuit against chip supplier Qualcomm

Fri, 01/20/2017 - 22:13
(WASHINGTON) - Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, following a U.S. government lawsuit which accused the chip maker of using anti-competitive tactics to maintain its monopoly of a key semiconductor used in mobile phones.

Rockwell Collins sees defense market uptick, small 777 impact

Fri, 01/20/2017 - 21:56
(Reuters) - Aviation electronics maker Rockwell Collins Inc's defense business is "really busy right now," reflecting a new emphasis on defense spending, Chief Executive Officer Kelly Ortberg said on Friday.

Uber hires Google search veteran Singhal for senior engineering post

Fri, 01/20/2017 - 20:24
SAN FRANCISCO (Reuters) - Ride-hailing company Uber Technologies Inc. has hired the man behind Google search to work closely with Chief Executive Travis Kalanick and help grow the company's self-driving car program.

Canada's Competition Bureau reaches deal with Apple, publishers

Fri, 01/20/2017 - 19:54
OTTAWA (Reuters) - Canada's business competition watchdog said on Friday it had reached an agreement with Apple Inc and three major e-book publishers that will allow retailers to offer discounts to customers.

Outgoing FCC chair warns against overturning net neutrality

Fri, 01/20/2017 - 17:36
WASHINGTON (Reuters) - Outgoing U.S. Federal Communications Commission Chairman Tom Wheeler warned Republicans against dismantling the Obama administration's landmark "net neutrality" protections that bar internet service providers from slowing consumer access to web content.

Amazon's Dash button goes online

Fri, 01/20/2017 - 16:57
(Reuters) - Amazon.com Inc has put its popular Dash button on its website and mobile app, making it easier for shoppers to buy their favorite items such as peanut butter, detergent and paper towels.

T. Rowe Price to recover $100 million from insurance after voting error

Fri, 01/20/2017 - 16:21
BOSTON (Reuters) - Fund manager T. Rowe Price Group said in a securities filing this month it has entered an insurance agreement to recover $100 million after it made a voting error in the 2013 buyout of Dell Inc.

Sony Music seeks Nigeria streaming growth to build on ringback market

Fri, 01/20/2017 - 15:22
LAGOS (Reuters) - Sony Music Entertainment sees big growth prospects for music streaming in Nigeria, thanks to falling internet data costs and a large, growing population, a senior executive told Reuters.

Media Markt trials service to rent drones, VR headsets

Fri, 01/20/2017 - 12:23
BERLIN (Reuters) - Media Saturn, Europe's biggest consumer electronics group, is trialing a new service at its Media Markt unit to allow customers to rent devices such as drones or virtual reality headsets, in a bid to tempt customers to try out new products.

Trading house says Samsung seeks $429 million in LCD panel supply dispute

Fri, 01/20/2017 - 11:55
TOKYO (Reuters) - A Japanese electronics trading house said Samsung Electronics Co has filed a request for arbitration with the International Chamber of Commerce (ICC) over an LCD panel maker's decision to stop supplies to the South Korean company.

Indian central bank working on plan to reduce online charges: sources

Fri, 01/20/2017 - 10:50
NEW DELHI (Reuters) - The Reserve Bank of India is working on a plan to reduce online transaction costs as it tries to encourage more digital banking, two parliamentary panel members quoted central bank governor Urjit Patel as saying on Friday.

South Korea prosecutor says summoned Samsung Electronics executive

Fri, 01/20/2017 - 10:29
SEOUL (Reuters) - South Korea's special prosecutor's office said on Friday it has summoned a Samsung Electronics Co Ltd executive for questioning amid a widening graft scandal involving President Park Geun-hye.

More TV networks follow Netflix to binge-watching model

Fri, 01/20/2017 - 07:22
LOS ANGELES (Reuters) - Traditional TV networks are following Netflix Inc's lead by releasing all new episodes of a series at the same time, a step to win over binge viewers who do not want to wait a week for the next installment.

Impact of job-stealing robots a growing concern at Davos

Fri, 01/20/2017 - 07:16
DAVOS, Switzerland (Reuters) - Open markets and global trade have been blamed for job losses over the last decade, but global CEOs say the real culprits are increasingly machines.

Toshiba starts process to sell stake in chip business: Kyodo

Fri, 01/20/2017 - 01:29
TOKYO (Reuters) - Toshiba Corp has started the process to sell a minority stake in its profitable flash memory chip business, expecting to fetch several billion dollars as it faces a bigger-than-expected writedown for its U.S. nuclear business, Kyodo News reported.

Toshiba shares extend losses on accounting woes

Fri, 01/20/2017 - 01:26
TOKYO (Reuters) - Shares in Japan's Toshiba Corp extended losses on Friday, weighed down by concern over a potentially bigger-than-expected $6 billion writedown triggered by cost overruns at its U.S. nuclear business.

Sweden's Telia mulling bid for Danish peer TDC: Dagens Industri

Fri, 01/20/2017 - 01:23
STOCKHOLM (Reuters) - Swedish telecom operator Telia is mulling a bid for Denmark's TDC , Swedish business daily Dagens Industri reported on Thursday, citing unnamed sources.

Mexico telecom ruling struck down in blow to Televisa -sources

Fri, 01/20/2017 - 01:09
MEXICO CITY (Reuters) - A Mexican tribunal struck down a ruling on Thursday that said broadcaster Grupo Televisa did not have market power in pay television, two people with knowledge of the matter said, opening the door to tougher rules against the company.

Samsung Elec says to hold Galaxy Note 7 press briefing on January 23

Fri, 01/20/2017 - 00:38
SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd said on Friday it will hold a press conference on Jan. 23 on the Galaxy Note 7 with the head of its mobile business Koh Dong-jin in attendance.

Uber to pay $20 million to settle U.S. allegations it misled drivers about earnings

Thu, 01/19/2017 - 22:29
WASHINGTON (Reuters) - The ride-hailing company Uber Technologies Inc [UBER.UL] has agreed to pay $20 million to settle allegations that it exaggerated prospective earnings in seeking to recruit drivers, according to documents filed with a U.S. federal court on Thursday.

IBM's quarterly revenue falls 1.3 percent

Thu, 01/19/2017 - 22:20
t(Reuters) - International Business Machines Corp reported a 1.3 percent fall in quarterly revenue, hurt by a stronger dollar and continued weakness in the company's traditional hardware division.

Czech inventor gives snow chains a modern makeover

Thu, 01/19/2017 - 21:05
VRBNO POD PRADEDEM, Czech Republic (Reuters) - After struggling one night to get chains on his tyres on a snowy mountain, Czech businessman Petr Gross decided he needed to come up with something that did the job better.

Tech firm creates Trump monitor for stock markets

Thu, 01/19/2017 - 18:16
LONDON (Reuters) - Just in time for his inauguration, London-based fintech firm Trading.co.uk is launching an app that will generate trading alerts for shares based on comments made on social media by Donald Trump.

Telecoms company Avaya files for bankruptcy

Thu, 01/19/2017 - 17:36
WILMINGTON, Del (Reuters) - Telecommunications company Avaya Inc filed for Chapter 11 bankruptcy on Thursday to reduce its debt, but said it will not sell its call center business at this time.

U.S. closing Tesla autopilot death investigation without demanding recall: source

Thu, 01/19/2017 - 16:57
WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration on Thursday is expected to close a six-month-old investigation into the death of a Tesla Motors Inc car driver using its semi-autonomous driving system Autopilot without seeking a recall, according to a source briefed on the matter.

Netflix Original: New shows drive blockbuster quarter

Thu, 01/19/2017 - 16:24
Netflix Corp's surprisingly strong subscriber growth in the fourth quarter allayed concerns about the company's multi-billion dollar investment in original content.

Alibaba not interested in acquisitions, more interested in partnerships

Thu, 01/19/2017 - 13:02
DAVOS, Switzerland (Reuters) - China's Alibaba is more interested in acquisitions this year than it is in partnerships, Alibaba Executive Chairman Jack Ma said on Thursday.

BlackRock owns 5 percent of Toshiba, likely becoming top shareholder

Thu, 01/19/2017 - 12:34
TOKYO (Reuters) - BlackRock Inc has a stake in Toshiba Corp of 5.01 percent, according to a Japanese government filing, likely becoming the struggling firm's top shareholder.

Alibaba backer GGV Capital looking to raise first yuan fund

Thu, 01/19/2017 - 12:14
HONG KONG (Reuters) - Venture capital firm GGV Capital, an early backer of Chinese e-commerce giant Alibaba Group Holding Ltd, is looking to raise its first yuan fund to make it easier to invest in Chinese sectors restricted to foreigners such as the internet.

EU antitrust regulators welcome Amazon, Apple audiobook agreement

Thu, 01/19/2017 - 11:50
BRUSSELS (Reuters) - A decision by Amazon and Apple to scrap all exclusivity obligations in the supply and distribution of audiobooks will likely boost competition, EU antitrust regulators said on Thursday.

Six Coolpad workers detained in patent dispute with former employer Huawei

Thu, 01/19/2017 - 11:21
HONG KONG (Reuters) - Chinese smartphone maker Coolpad, part of the LeEco technology conglomerate, said six employees had been detained by authorities, accused of infringing the intellectual property rights of their former employer Huawei Technologies [HWT.UL].

Mediaset sees pay-TV strategy boosting EBIT 17-fold in five years

Thu, 01/19/2017 - 11:07
MILAN (Reuters) - Broadcaster Mediaset expects a 17-fold increase in its Italian operating profit by 2020 by completely rethinking the strategy of its pay-TV arm Premium after a deal to sell the unit to France's Vivendi fell through.

Facebook to build data center in Denmark

Thu, 01/19/2017 - 10:11
COPENHAGEN (Reuters) - Facebook plans to build its third data center outside the United States in Odense, Denmark, the California-based tech company said at a joint press conference with Odense municipality on Thursday.

Panasonic aims to move Tesla auto partnership beyond batteries: CEO

Thu, 01/19/2017 - 09:11
OSAKA (Reuters) - Panasonic Corp aims to extend its partnership with electric car maker Tesla Motors Inc beyond batteries and into self-driving technology, as the Japanese conglomerate continues to shift its focus to the automotive business.

U.S exchanges rent helicopter, drape banner in pursuit of Snapchat IPO

Thu, 01/19/2017 - 07:17
SAN FRANCISCO/NEW YORK (Reuters) - This past November, Nasdaq Inc hired a helicopter to film Manhattan's skyline using Snapchat's new video-camera sunglasses and sent the aerial footage to its social media followers.

Bitcoin exchange BTCC says operating normally, no official word from China central bank

Thu, 01/19/2017 - 05:08
SHANGHAI (Reuters) - The head of major Chinese bitcoin exchange BTCC said on Thursday the platform was operating normally and that it had stopped offering margin loans last week alongside its competitors Huobi and OkCoin.

Snap Inc hires Jennifer Park Stout as head of global policy

Thu, 01/19/2017 - 03:39
(Reuters) - Messaging app owner Snap Inc has hired Jennifer Park Stout, former deputy chief of staff to the U.S. Secretary of State, as its head of global public policy, a spokeswoman told Reuters on Wednesday.

Nintendo says to launch Super Mario Run Android version in March

Thu, 01/19/2017 - 01:45
TOKYO (Reuters) - Japan's Nintendo said it will release an Android version of its first ever Super Mario mobile game in March following the launch of Super Mario Run for Apple Inc's iPhone in December.

Indian government wants Apple, but not all officials are biting

Thu, 01/19/2017 - 01:34
NEW DELHI (Reuters) - Some Indian officials have baulked at Apple's demands for concessions before it assembles iPhones there, raising doubts about a spring deadline to launch a key project in Prime Minister Narendra Modi's campaign to lure foreign investors.

Toshiba shares slump on reports of U.S. nuclear business loss

Thu, 01/19/2017 - 01:28
TOKYO (Reuters) - Toshiba Corp shares slumped on Thursday after a media report said the industrial conglomerate will post a loss of more than 500 billion yen ($4.36 billion) at its U.S. nuclear reactor business.

Netflix adds more subscribers than expected

Wed, 01/18/2017 - 22:19
(Reuters) - Netflix Inc's international and U.S. subscriber additions sped past analysts' estimates as the video streaming service released shows including the award-winning British drama "The Crown" and a revival of "Gilmore Girls".

Alibaba's Ma says no chance of U.S. trade war with China

Wed, 01/18/2017 - 21:19
DAVOS, Switzerland (Reuters) - China and the United States are not about to be drawn into a trade war, Alibaba Executive Chairman Jack Ma said on Wednesday at the World Economic Forum (WEF) in Davos.

South Korean court dismisses request to arrest Samsung chief

Wed, 01/18/2017 - 21:17
SEOUL (Reuters) - A South Korean court on Thursday rejected a request for a warrant to arrest the head of the Samsung Group, Jay Y. Lee, over his alleged role in a corruption scandal that led to the impeachment of President Park Geun-hye.

U.S. sues Oracle, alleges salary and hiring discrimination

Wed, 01/18/2017 - 21:13
(Reuters) - The U.S. Labor Department has sued Oracle America Inc, alleging that the technology company systematically paid its white, male employees more than other workers and unlawfully favored Asian applicants in its recruiting and hiring efforts.

U.S. to probe whether Fujifilm violating Sony magnetic tape patents

Wed, 01/18/2017 - 21:07
WASHINGTON (Reuters) - The U.S. International Trade Commission said on Wednesday it had launched on investigation into whether Fujifilm Holdings Corp was violating patents which Sony Corp holds for certain magnetic tape cartridges.

U.S. begins patent probe of graphics processors, DDR memory controllers

Wed, 01/18/2017 - 21:06
WASHINGTON (Reuters) - The U.S. International Trade Commission began a patent infringement probe on Wednesday after ZiiLabs Inc charged that several firms were importing products to the United States in violation of its patents on graphics processors and DDR memory controllers.

Facebook dismissive of censorship, abuse concerns, rights groups allege

Wed, 01/18/2017 - 19:33
WASHINGTON (Reuters) - Nearly 80 rights groups on Wednesday accused Facebook of "racially biased censorship" and failing to be more transparent about its removal policies and cooperation with law enforcement, adding to criticism the company has faced in recent months over its management of content on its network of 1.8 billion users.

GM resolves SEC accounting case tied to ignition switch

Wed, 01/18/2017 - 18:03
NEW YORK (Reuters) - General Motors Co has agreed to pay $1 million to resolve a U.S. Securities and Exchange Commission accounting case related to a faulty ignition switch linked to 124 deaths and 275 injuries, the regulator announced on Wednesday.

Renault-Nissan electric car sales hit 400,000, CEO says in Davos

Wed, 01/18/2017 - 17:10
DAVOS, Switzerland (Reuters) - Renault-Nissan has sold more than 400,000 electric cars globally and the leader in plug-in vehicles is planning further investment to maintain its market lead, the chief executive of the auto alliance said on Wednesday.

Silicon Valley IPO contender DocuSign hires CEO after long search

Wed, 01/18/2017 - 16:05
SAN FRANCISCO (Reuters) - After a marathon search lasting more than a year, Silicon Valley company DocuSign announced on Wednesday it hired a new chief executive.

German e-car supplier Aumann plans stock market listing: sources

Wed, 01/18/2017 - 12:29
FRANKFURT (Reuters) - German engineering group Aumann is planning a stock market-listing as the maker of parts for electric engines seeks cash for its expansion, people close to the matter said.

Toshiba loses court appeal against EU cartel fine on joint venture

Wed, 01/18/2017 - 12:09
BRUSSELS (Reuters) - Japanese consumer electronics group Toshiba on Wednesday lost an appeal against an EU cartel fine levied on its joint venture with Panasonic five years ago, after Europe's highest court said it had decisive influence over the business.

Kiev power outage in December was cyber attack: Ukrenergo

Wed, 01/18/2017 - 12:02
KIEV/MILAN (Reuters) - A power blackout in Ukraine's capital Kiev last month was caused by a cyber attack and investigators are trying to trace other potentially infected computers and establish the source of the breach, utility Ukrenergo told Reuters in emailed comments on Wednesday.

India to consider Apple's request for incentives with 'open mind': Minister

Wed, 01/18/2017 - 10:41
NEW DELHI (Reuters) - India will consider Apple's request for incentives to invest in the country with an "open mind", Information Technology Minister Ravi Shankar Prasad told reporters on Wednesday."We will very much like Apple to come and have a base in India," Prasad said.

South Korea's Netmarble seeks M&As, U.S. expansion: founder

Wed, 01/18/2017 - 10:33
SEOUL (Reuters) - South Korea's largest mobile game company, Netmarble Games Corp, is seeking more mergers and acquisitions and intellectual property rights to expand its share of the gaming market in North America and Europe, its founder said.

Toshiba in talks to sell chip business stake to Western Digital: source

Wed, 01/18/2017 - 05:13
TOKYO (Reuters) - Toshiba Corp is in talks to sell a minority stake in its flash memory business to U.S. chips business partner Western Digital Corp in a bid to boost its capital base, a source briefed on the discussions said on Wednesday.

Yahoo Japan defies calls to rethink ivory sales as Yahoo Inc CEO weighs in

Wed, 01/18/2017 - 03:05
TOKYO/SAN FRANCISCO (Reuters) - Yahoo Japan, the country's biggest online auction site, is rebuffing calls to end online ivory trading despite Yahoo Inc CEO Marissa Mayer's misgivings over facilitating a business blamed for the illegal slaughter of African elephants.

Uber to invest more than $60 million in Sao Paulo support center

Wed, 01/18/2017 - 01:13
SAO PAULO (Reuters) - Ride-hailing service Uber inaugurated a support center in Brazil's biggest city on Tuesday with plans to invest 200 million reais ($62 million) and create 2,000 jobs, underscoring an aggressive growth strategy in Latin America's biggest nation.

Brazil Air Force to privatize air traffic control telecom system

Wed, 01/18/2017 - 00:41
BRASILIA (Reuters) - The Brazilian Air Force is planning to privatize the running of its telecom network used for defense, surveillance and air traffic control, an Air Force spokeswoman said on Tuesday.

Bitcoin exchange employee pleads guilty in U.S. case tied to hacking

Tue, 01/17/2017 - 23:51
NEW YORK (Reuters) - A Florida man pleaded guilty on Tuesday to charges stemming from his employment with an unlicensed bitcoin exchange that prosecutors say was owned by an Israeli who oversaw a massive scheme to hack companies including JPMorgan Chase & Co.

HP Enterprise to buy cloud software company SimpliVity

Tue, 01/17/2017 - 22:40
(Reuters) - Hewlett Packard Enterprise Co said on Tuesday it would buy privately held cloud software company SimpliVity for $650 million in cash, as it looks to expand in the fast-growing market for hybrid cloud platforms.

U.S. antitrust agency sues Qualcomm over patent licensing

Tue, 01/17/2017 - 22:07
WASHINGTON (Reuters) - The U.S. Federal Trade Commission filed a lawsuit against Qualcomm Inc on Tuesday, accusing the company of antitrust violations in its patent licensing business.

Samsung scion Lee faces court hearing on arrest warrant

Tue, 01/17/2017 - 22:03
SEOUL (Reuters) - Jay Y. Lee, the 48-year-old leader of the Samsung Group, is due to appear at a court hearing on Wednesday when a judge will decide whether to issue an arrest warrant over his alleged role in a corruption scandal that has rocked South Korea.

Toshiba considering spinning off semiconductor business - Nikkei

Tue, 01/17/2017 - 19:29
(Reuters) - Toshiba Corp is considering spinning off its semiconductor business and selling a partial stake in the unit to Western Digital Corp, the Nikkei financial daily reported on Wednesday.

Facebook's virtual-reality tech was not stolen, Zuckerberg testifies

Tue, 01/17/2017 - 17:47
DALLAS (Reuters) - Facebook Inc Chief Executive Officer Mark Zuckerberg took the witness stand in Dallas federal court on Tuesday and denied an allegation by a rival company that Facebook's virtual-reality technology of its Oculus unit was stolen.

Chile to invite bids on value-added lithium tech in April

Tue, 01/17/2017 - 16:22
SANTIAGO (Reuters) - Chile will hold a tender in April to encourage companies to use its vast lithium resources to move it up the value chain with cathode or battery production, the head of the country's development agency told Reuters on Tuesday.

After pound's fall, Apple to hike British app store prices

Tue, 01/17/2017 - 15:27
LONDON (Reuters) - Tech giant Apple is set to raise the prices of its apps in Britain by around 25 percent after the steep drop in sterling following Britain's vote to leave the European Union.

Brazil to intervene in Oi bankruptcy if talks fail: paper

Tue, 01/17/2017 - 14:04
SAO PAULO (Reuters) - The Brazilian government is prepared to intervene if negotiations fail in bankruptcy court over phone carrier Oi SA, newspaper Folha de S.Paulo reported on Tuesday, citing an interview with Communications Minister Gilberto Kassab.

Blockchain could save investment banks up to $12 billion a year: Accenture

Tue, 01/17/2017 - 13:37
NEW YORK/LONDON (Reuters) - Blockchain technology could help the world’s largest investment banks cut their infrastructure costs by between $8 to $12 billion a year by 2025, according to a report by Accenture.

Audi and FAW sign China electric car cooperation deal

Tue, 01/17/2017 - 12:33
FRANKFURT (Reuters) - Volkswagen's Audi AG said it will expand its model portfolio in China to include locally produced electric cars produced by FAW VW, handing a lifeline to China FAW Group Corp.[SASACJ.UL] whose brands have struggled.

Tech vendor Misys launches P2P lending software for banks

Tue, 01/17/2017 - 10:22
NEW YORK (Reuters) - Financial technology vendor Misys is launching software to enable banks to provide peer-to-peer lending to their customers as competition from young companies in the sector heats up.

Samsung chief faces long day as South Korean court weighs arrest warrant

Tue, 01/17/2017 - 07:55
SEOUL (Reuters) - The head of South Korea's giant Samsung Group faces a long day in court on Wednesday as a judge decides whether he should be arrested for bribery in a corruption scandal that has engulfed President Park Geun-hye's administration.

Baidu names former Microsoft exec as COO in artificial intelligence push

Tue, 01/17/2017 - 04:24
BEIJING (Reuters) - China's Baidu Inc said it has appointed a former Microsoft Corp executive as chief operating officer, part of a push into artificial intelligence as earnings from its core search engine business wane.

Canada's Portag3 Ventures invests in Street Contxt

Mon, 01/16/2017 - 23:21
TORONTO (Reuters) - Portag3 Ventures, a financial technology fund backed by Canada's Power Financial Corp , has invested an undisclosed amount in finance startup Street Contxt, Portag3's president said in an interview on Monday.

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BEST NEWS OF THE YEAR 2016:

LONDON (Reuters) - A 14-year old girl who died of cancer has been cryogenically frozen in the hope she could be brought back to life in the future after winning a landmark court case shortly before her death, the BBC reported on Friday, 2016-11-18.