Western Digital won't seek management role in Toshiba chip business: sources

TOKYO (Reuters) - Western Digital Corp (WDC.O), part of a group offering to buy Toshiba Corp's (6502.T) memory chip unit, is not seeking a management role in the business, people familiar with the matter told Reuters on Friday. Toshiba is scrambling to sell its flash memory unit to cover losses from...

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China's JD.com invests in Indonesia's Go-Jek amid SE Asia push: sources

HONG KONG (Reuters) - JD.com Inc (JD.O) has invested in ride-hailing startup PT Go-Jek Indonesia, in another sign that China's second-largest e-commerce firm is tapping growth in Southeast Asian mobile-based services, people familiar with the matter told Reuters. Go-Jek, whose investors include glob...

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Russian hackers feel the heat as Trump seeks warmer Moscow ties

MOSCOW/SAN FRANCISCO (Reuters) - When Alexander Vinnik was arrested on money-laundering charges at a Greek hotel in late July, the status of his Jabber secure online messaging account was set to "away". "He often takes some time to reply, so at first I didn't think anything of it," said one person w...

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Infosys names former chief Nilekani as chairman, defusing feud with founders

MUMBAI (Reuters) - Indian IT services firm Infosys named Nandan Nilekani, one of its founders and former heads, as chairman on Thursday in a bid to end a lengthy feud between the board and the company's founders. The move is likely to reassure employees and clients, and quell shareholder concerns af...

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Ride hailing firm Grab commits $100 million to expand in Myanmar

SINGAPORE (Reuters) - Ride-hailing firm Grab, the main Southeast Asian rival of Uber Technologies Inc [UBER.UL], said it would commit $100 million over the next three years to deepen its presence in Myanmar, grow to more cities and roll out its other services. Grab said it wanted to launch its payme...

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Why It’s Still A Bad Idea to Post or Trash Your Airline Boarding Pass

An October 2015 piece published here about the potential dangers of tossing out or posting online your airline boarding pass remains one of the most-read stories on this site. One reason may be that the advice remains timely and relevant: A talk recently given at a Czech security conference advances...

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Why It’s Still A Bad Idea to Post or Trash Your Airline Boarding Pass

An October 2015 piece published here about the potential dangers of tossing out or posting online your airline boarding pass remains one of the most-read stories on this site. One reason may be that the advice remains timely and relevant: A talk recently given at a Czech security conference advances...

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Exclusive: Tesla's 'long-haul' electric truck aims for 200 to 300 miles on a charge

SAN FRANCISCO (Reuters) - Tesla Inc (TSLA.O) next month plans to unveil an electric big-rig truck with a working range of 200 to 300 miles, Reuters has learned, a sign that the electric car maker is targeting regional hauling for its entry into the commercial freight market. Chief Executive Elon Mus...

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Investor Benchmark claims ex-Uber CEO is a 'corrosive influence'

SAN FRANCISCO (Reuters) - Benchmark Capital called ousted Uber Technologies Inc [UBER.UL] Chief Executive Travis Kalanick a "corrosive influence" on the ride-services company in a court filing on Thursday, the latest salvo in a battle between the two over Kalanick's presence on Uber's board. The dis...

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In wake of Foxconn deal, Wisconsin and Illinois vie for jobs

CHICAGO (Reuters) - The pledge by Taiwan's Foxconn to build a $10 billion factory in southern Wisconsin has ignited cross-border competition with Illinois over which state’s residents will get the jobs created by the project. Backers of Wisconsin’s $3 billion incentives package, which is...

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SoftBank invests additional $3 billion in shared-office startup WeWork

(Reuters) - WeWork Cos said on Thursday it received an additional $3 billion investment from Japan's SoftBank Group (9984.T) and its Vision Fund, helping the shared-office startup ramp up its expansion globally. SoftBank's investment will be through new shares and the acquisition of existing shares ...

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Amazon to complete acquisition of Whole Foods on Monday

(Reuters) - Amazon.com Inc (AMZN.O) said on Thursday it plans to complete its $13.7 billion acquisition of Whole Foods Market Inc (WFM.O) on Monday after winning antitrust approval from U.S. regulators on Wednesday. The companies said in a joint statement that Whole Foods will offer lower prices sta...

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Apple to build Iowa data center, get $207.8 million in incentives

(Reuters) - Apple Inc will build a $1.375 billion data center in Waukee near Des Moines, Apple and Iowa officials said on Thursday, with $207.8 million in incentives approved by the Iowa Economic Development Authority. Apple will purchase 2,000 acres (8.09 square km) of land in Waukee to build two d...

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Seoul court to rule on Samsung scion Lee in bribery trial

SEOUL (Reuters) - A South Korean court will rule on Friday on corruption charges against Jay Y. Lee, the billionaire head of Samsung Group, after a six-month trial in a nationwide bribery scandal that triggered the dismissal from office of the country's president. Lee, the 49-year-old heir to one of...

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China Life and Baidu to launch $1 billion internet fund

BEIJING (Reuters) - China Life Insurance Group Co and Baidu Inc will form a 7 billion yuan ($1 billion) private equity fund, targeting internet and other technology investments, China Life's listed arm said on Thursday. The Baidu Fund Partnership will be capitalized by China Life through a special p...

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Britain aims for 'adequacy' deal with EU on data protection: government paper

LONDON (Reuters) - Britain said on Thursday it wanted to continue to cooperate closely with the European Union on data protection after it leaves the bloc and proposed using an "adequacy" agreement to ensure the free flow of information. In the latest in series of papers outlining some of Britain's ...

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Western Digital group to offer $17.4 billion for Toshiba chip unit: sources

TOKYO (Reuters) - A consortium that includes Western Digital (WDC.O) is offering 1.9 trillion yen ($17.4 billion) for Toshiba Corp's (6502.T) memory chip business, which the Japanese conglomerate is trying to sell to cover losses from its U.S. nuclear business, sources said on Thursday. Western Digi...

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China's JD.com partners Qihoo in push to broaden sales channels

BEIJING (Reuters) - JD.com Inc (JD.O) on Thursday said it has reached a deal to sell goods through the popular browser, search engine and app store of Qihoo 360 Technology Co Ltd QIHUy.SG, as China's second-biggest e-commerce firm seeks new ways of attracting users. JD said it will share data with Q...

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Flying water taxis highlight French startup frustrations

PARIS (Reuters) - French yachtsman Alain Thebault wants to turn a boat design he used to break a world speed sailing record in 2009 into a clean, fast taxi service for the waterways of major cities. The SeaBubble won the backing of private investors - Thebault expects to raise between 50 to 100 mill...

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Ahead of Lee verdict, Samsung Group lacks leadership 'Plan B'

SEOUL (Reuters) - Samsung Group, South Korea's leading conglomerate, has no 'Plan B' for taking big decisions if its billionaire de facto leader Jay Y. Lee is jailed for corruption, people familiar with the matter said. Lee, 49, has been in detention since February, on trial for charges ranging from...

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