Security News

November 18, 2017

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

This post was originally published on this siteBRUSSELS (Reuters) – U.S. smartphone chipmaker Qualcomm is set to win “imminent” Japanese antitrust clearance for its $38-billion bid for NXP Semiconductors and gain Europe’s approval by the end of the year with slight tweaks to its concessions, a person familiar with the matter said. FILE PHOTO: A sign on the Qualcomm campus is seen, as chip maker Broadcom Ltd announced an unsolicited bid to buy peer Qualcomm Inc for $103 billion, in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake/File Photo Winning the green light from both competition authorities would take […]
November 17, 2017

China Citic, Baidu launch direct bank in fintech push

This post was originally published on this siteBEIJING (Reuters) – China Citic Bank Corp (601998.SS) and search engine giant Baidu Inc (BIDU.O) launched on Saturday a direct banking joint venture, dubbed AiBank, to capitalize on China’s rapidly growing fintech sector. FILE PHOTO: A man stands in front of CITIC bank’s branch in Beijing, China, March 23, 2016.REUTERS/Kim Kyung-Hoon AiBank is one among several tie-ups between an internet firm and a lender in China’s booming online finance market where technology gurus like Alibaba Group Holding Ltd (BABA.N) and Tencent Holdings Ltd (0700.HK) have already set up their own finance arms to […]
November 17, 2017

Verizon close to announcing digital streaming deal with NFL: Bloomberg

This post was originally published on this site(Reuters) – Verizon Communications Inc, no. 1 U.S. wireless carrier, is close to a new deal with the National Football League for digital streaming rights, Bloomberg reported, citing people familiar with the matter. The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid With the new agreement, Verizon will be able to give subscribers access to games on all devices, including big-screen TVs, and not just phones, according to the people, Bloomberg said. (bloom.bg/2zNqtua) Verizon will lose exclusive rights to air games […]
November 17, 2017

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

This post was originally published on this siteBRASILIA (Reuters) – The head of Brazil’s lower house of Congress said on Friday he hopes that the chamber will undo amendments by the Senate to a bill regulating ride-hailing apps such as Uber Technologies Inc [UBER.UL]. The Uber logo is seen on a screen in Singapore August 4, 2017. REUTERS/Thomas White Speaker Rodrigo Maia told Reuters that car-hailing apps should be regulated by the municipal authorities of each city as proposed in an original bill passed by his chamber. The bill amended by the Senate on Oct. 1 dropped requirements that drivers […]
November 17, 2017

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

This post was originally published on this siteWOLFSBURG/HAMBURG (Reuters) – Volkswagen (VOWG_p.DE) approved a 34 billion euro ($40 bln) spending plan on Friday that accelerates its efforts to become a global leader in electric cars. The world’s largest carmaker by unit sales will spend the money on electric cars, autonomous driving and new mobility services by the end of 2022, it said after a meeting of its supervisory board. “With the planning round now approved, we are laying the foundation for making Volkswagen the world’s No. 1 player in electric mobility by 2025,” Chief Executive Matthias Mueller told a press […]
November 17, 2017

Tesla’s unfettered ambition will drain finances: analysts

This post was originally published on this site(Reuters) – Tesla Inc shares rose on Friday as analysts questioned how soon Chief Executive Elon Musk will have to ask creditors and shareholders for more capital to fund development of an electric semi truck, a new roadster and accelerated production of a high-volume electric sedan. The Tesla Roadster 2. Tesla/via REUTERS Musk unveiled one flashy strategy for generating cash during the launch event Thursday for the Semi truck, surprising the audience with a prototype of a new generation of the Tesla Roadster. Musk promised the Roadster will be the fastest production car […]
November 17, 2017

Apple pushes launch of HomePod smart speaker to early 2018

This post was originally published on this site(Reuters) – Apple Inc has pushed the launch of its HomePod smart speaker to early next year from December, the company said on Friday. Phil Schiller, senior vice president of worldwide marketing announces the new Apple HomePod during the annual Worldwide Developer Conference (WWDC) in San Jose, California, U.S. June 5, 2017. REUTERS/Stephen Lam “We can’t wait for people to experience HomePod … but we need a little more time before it’s ready for our customers. We’ll start shipping in the US, UK and Australia in early 2018,” an Apple spokeswoman said via […]
November 17, 2017

Tesla’s unfettered ambition to drain finances: analysts

This post was originally published on this site(Reuters) – Tesla Inc will face further questions about how fast it is burning through its cash pile and how soon it will have to ask creditors and shareholders for more after it unveiled its latest electric vehicles. The Tesla Roadster 2. Tesla/via REUTERS Investors prodded Tesla’s shares 2 percent higher in early trade in New York, shrugging off worries it was over-stretching itself with the new futuristic trucks and pricey sports car launched in a glitzy event in California on Thursday. But Chief Executive Elon Musk did not offer details about how […]
November 17, 2017

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

This post was originally published on this siteTOKYO (Reuters) – Toshiba Corp (6502.T) will decide on Monday to raise some $5 billion from overseas investors, allowing the troubled conglomerate to remain a publicly traded company even if the sale of a key business is delayed, two people with direct knowledge of the process said. FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo Toshiba, reeling from the bankruptcy of its U.S. nuclear unit Westinghouse Co in the wake of an accounting scandal, […]
November 17, 2017

Broadcom closes $5.5 billion Brocade deal

This post was originally published on this site(Reuters) – Broadcom Ltd said on Friday it closed its acquisition of network gear maker Brocade Communications Systems Inc, giving it a larger share of the data center products market. A sign to the campus offices of chip maker Broadcom Ltd, is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake Broadcom, which made a $103 billion unsolicited bid for smartphone chip supplier Qualcomm Inc earlier this month that was rejected, agreed to buy Brocade in November of last year. It won U.S. antitrust approval for the deal in July. But in […]
November 17, 2017

Broadcom completes Brocade acquisition

This post was originally published on this site(Reuters) – Broadcom Ltd said on Friday it completed its $5.5 billion acquisition of network gear maker Brocade Communications Systems Inc. A sign to the campus offices of chip maker Broadcom Ltd, is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake Broadcom, which made a $103 billion bid for smartphone chip supplier Qualcomm Inc earlier this month, had agreed to buy Brocade in November of last year. Brocade’s common stock will stop trading on Nasdaq and the firm will operate as a unit of Broadcom, the company said in a statement. […]
November 17, 2017

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

This post was originally published on this siteWOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) will spend more than 34 billion euros ($40 billion) on electric cars, autonomous driving and new mobility services by the end of 2022, the group said on Friday. A Volkswagen Golf GTE is being charged during a workshop prior to Auto Guangzhou in Guangzhou, China November 16, 2017. REUTERS/Bobby Yip Total group investments by 2022 will total about 72 billion euros, the group said, confirming an earlier Reuters story. ($1 = 0.8481 euros) Reporting by Andreas Cremer, Christoph Steitz, and Jan Schwartz; Editing by Georgina Prodhan Our […]
November 17, 2017

Tesla’s unfettered ambition to strain finances but investors unfazed

This post was originally published on this site(Reuters) – Investors shrugged off any concern over Tesla Inc over-stretching its production and financial resources with the unveiling of new futuristic semi-trucks and a pricey sports car, pushing its shares up almost 4 percent on Friday. The Tesla Roadster 2. Tesla/via REUTERS Chief Executive Elon Musk shocked industry-watchers by launching a $200,000 sports car on Thursday, along with two electric trucks, possibly adding more logistical nightmares even as it wrestles with production issues related to its Model 3 sedan. “In essence, all last night’s event did was add to Elon Musk’s shopping […]
November 17, 2017

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

This post was originally published on this siteLONDON (Reuters) – Bitcoin hit an all-time high just below $8,000 (£6,060) on Friday, on talk that a software upgrade whose suspension sent the cryptocurrency into a tailspin at the end of last week was, after all, going ahead within hours. Bitcoin (virtual currency) coins placed on Dollar banknotes are seen in this illustration picture, November 6, 2017. REUTERS/Dado Ruvic/Illustration Talk that the upgrade – which could split or “fork” bitcoin into two versions – would go ahead was driven by a statement on the website of Coinbase, the world’s largest bitcoin company […]
November 17, 2017

Metal recyclers prepare for electric car revolution

This post was originally published on this siteLONDON (Reuters) – Recycling companies are honing processes to extract metals from old batteries more cheaply and efficiently so they can capitalize on an expected shortfall in materials such as cobalt and lithium when sales of electric cars take off. Pyrolised Lithium-ion accus of laptops, smartphones and accu-powered craftsmen tools are pictured at the German recycling firm Accurec in Krefeld, Germany, November 16, 2017. Picture taken November 16, 2017. REUTERS/Wolfgang Rattay The main obstacle recyclers face now is a shortage of spent batteries to recycle to make their technology cost-effective, but those at […]
November 17, 2017

Wireless carriers on mute as Supreme Court hears big privacy case

This post was originally published on this siteWASHINGTON (Reuters) – The U.S. Supreme Court is set to consider a major cellphone privacy case later this month, but leading players in the wireless industry that is at the center of the closely watched dispute are keeping their distance. FILE PHOTO: A woman uses her phone to photograph One World Trade Center tower in New York, NY, U.S. on August 27, 2015. REUTERS/Brendan McDermid/File Photo The case, to be heard by the justices on Nov. 29, involves whether a warrant is required for authorities to obtain cellphone location information that could implicate […]
November 17, 2017

Jaguar Land Rover tests first driverless vehicle on public roads

This post was originally published on this siteLONDON (Reuters) – Britain’s biggest automaker, Jaguar Land Rover (JLR), has tested its first driverless car on public roads, it said on Friday, as carmakers race against each other and tech firms to tap into new technologies. Signs are seen outside the Jaguar Land Rover plant at Halewood in Liverpool, northern England, September 12 , 2016. REUTERS/Phil Noble Last October, a pod heavily adapted from a compact Renault car was the first autonomous car to take to Britain’s streets as part of government-backed trials aimed at seeing more widespread use of such vehicles […]
November 17, 2017

SAP sees margins flattening out in fourth quarter: CFO

This post was originally published on this siteBARCELONA (Reuters) – Business software company SAP sees the potential for profit margins to hit bottom during the fourth quarter after three years of declines, with improving profits to begin to show up in 2018, Chief Financial Officer Luka Mucic said on Friday. FILE PHOTO: SAP logo at SAP headquarters in Walldorf, Germany, January 24, 2017. REUTERS/Ralph Orlowski “We see now the advent a period when the margin inflection point should be reached soon,” Mucic told investors at the annual Morgan Stanley European Technology, Media and Telecoms conference here. “In Q4 (fourth-quarter) I […]
November 17, 2017

New $200,000 Tesla Roadster speeds in front of electric big-rig truck

This post was originally published on this siteHAWTHORNE, Calif. (Reuters) – Tesla Inc (TSLA.O) upstaged its own debut of an electric heavy duty truck when a red Roadster pulled out of the big rig’s trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever. Tesla’s new electric semi truck is unveiled during a presentation in Hawthorn, California, U.S., November 16, 2017. REUTERS/Alexandria Sage The Thursday unveiling of two products, including the unexpected Roadster, drew roars of applause from a selected crowd at an airport hangar near Los Angeles while highlighting the […]
November 16, 2017

Tesla unveils electric big-rig truck, sporty Roadster

This post was originally published on this siteHAWTHORNE, Calif. (Reuters) – Tesla Inc (TSLA.O) on Thursday unveiled a prototype electric big-rig truck that it will start producing in 2019, throwing itself into a new market even as it struggles to roll out an affordable sedan on which the company’s future depends. Tesla CEO Elon Musk shows off the Tesla Semi as he unveils the company’s new electric semi truck during a presentation in Hawthorn, California, U.S., November 16, 2017. REUTERS/Alexandria Sage Chief Executive Elon Musk unveiled the big rig, dubbed the Tesla Semi, by riding the truck into an airport […]
November 16, 2017

Tesla unveils electric big-rig truck in midst of Model 3 factory ‘hell’

This post was originally published on this siteHAWTHORNE, Calif. (Reuters) – Tesla Inc on Thursday unveiled a prototype electric big-rig truck, throwing itself into a new market even as it struggles to roll out an affordable sedan on which the company’s future depends. A Tesla car showroom is seen in west London, Britain, March 21, 2017. REUTERS/Toby Melville Chief Executive Elon Musk unveiled the big rig, dubbed the Tesla Semi, by riding the truck into an airport hangar near Los Angeles in front of an invited crowd of what Tesla said were potential truck buyers and Tesla car owners. Musk […]
November 16, 2017

Toshiba says not in talks to with any company over PC unit sale

This post was originally published on this siteTOKYO (Reuters) – Toshiba Corp said on Friday it had not entered into talks with any company to sell its personal computer business, denying media reports that it was in negotiations to sell the unit to Taiwan’s Asustek Computer Inc. FILE PHOTO: A logo of Toshiba Corp is seen outside an electronics retail store in Tokyo, Japan, January 19, 2017. REUTERS/Toru Hanai/File Photo China’s Lenovo Group Ltd has also expressed interest in the PC unit, the Nikkei business daily reported. Cash-strapped Toshiba has previously said it is looking to sell the PC business, […]
November 16, 2017

Toshiba says not considering separate investment in chip unit by Bain group member

This post was originally published on this siteTOKYO (Reuters) – Toshiba Corp said on Friday it was not considering accepting any separate investment in its memory chip unit by a member of a Bain Capital-led consortium that has agreed to buy the prized business for $18 billion. FILE PHOTO: A logo of Toshiba Corp is seen outside an electronics retail store in Tokyo, Japan, January 19, 2017. REUTERS/Toru Hanai/File Photo The statement came after Yomiuri newspaper reported that the cash-strapped conglomerate was considering a capital increase for the subsidiary, Toshiba Memory, with the investment coming from a member of the […]
November 16, 2017

Chip gear maker Applied Materials posts strong results, forecast

This post was originally published on this site(Reuters) – Applied Materials Inc reported better-than-expected quarterly results and gave a strong current-quarter forecast as the world’s largest supplier of tools to make semiconductors enjoys strong demand in its chip and display businesses. The company’s shares were up about 1 percent in trading after the bell on Thursday, reversing course from a drop of nearly 2 percent immediately after the results were released. Applied Materials has now topped analysts estimates in each quarter of the latest fiscal year, helping its shares surge about 79 percent this year, making them the fourth best […]
November 16, 2017

Toshiba in talks to sell PC operations to Asus: Nikkei‍​

This post was originally published on this site(Reuters) – Japanese conglomerate Toshiba Corp has entered into negotiations to sell its personal computer operations to Taiwan’s Asustek Computer Inc, the Nikkei reported on Friday. FILE PHOTO: The logo of Toshiba Corp is seen as window cleaners work on the company’s headquarters in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai/File Photo China’s Lenovo Group Ltd has also expressed interest in the Toshiba business, according to the newspaper. (s.nikkei.com/2hysDnc) The move is part of a larger restructuring plan by Toshiba, as it scrambles for funds to cover billions of dollars in liabilities arising […]