China approves Toshiba's sale of $18 billion chip unit to Bain consortium

TOKYO (Reuters) - Toshiba Corp said on Thursday that China regulators have approved the $18 billion sale of its chip unit to a consortium led by U.S. private equity firm Bain Capital, marking the end to a year-long saga surrounding its most prized asset.

Silicon Valley startup peddles 3D-printed bike

(Reuters) - After a career that included helping Alphabet Inc's Google build out data centers and speeding packages for Amazon.com Inc to customers, Jim Miller is doing what many Silicon Valley executives do after stints at big companies: finding more time to ride his bike.

China approves sale of $18 billion Toshiba chip unit to Bain-led consortium: NHK

TOKYO (Reuters) - China regulatory authorities have approved the $18 billion sale of Toshiba Corp's chip unit to a consortium led by U.S. private equity firm Bain Capital, Japanese public broadcaster NHK reported on Thursday, without citing sources.

British gaming firm enlists army of players to create Worlds Adrift

LONDON (Reuters) - British game maker Bossa Studios will release Worlds Adrift on Thursday, an ambitious adventure game designed to appeal to the Minecraft generation that has taken three years and 50,000 gamers to create.

Sleepy pupils in the picture at high-tech Chinese school

BEIJING (Reuters) - High school students in one Chinese school may want to think twice before dozing off in class. Artificially intelligent cameras with facial recognition tools will be watching.

Deutsche Telekom urges affordable terms for 5G spectrum auctions

BONN, Germany (Reuters) - Deutsche Telekom on Thursday urged Germany to auction frequencies for fifth-generation mobile services on reasonable terms to ensure that there is enough money left over to invest in infrastructure.

In Silicon Valley, Chinese 'accelerators' aim to bring startups home

NEW YORK/ SAN FRANCISCO (Reuters) - Beijing's unslakeable thirst for the latest technology has spurred a proliferation of "accelerators" in Silicon Valley that aim to identify promising startups and bring them to China.

Angry Birds maker Rovio gains ground as profits rise

HELSINKI (Reuters) - Rovio Entertainment, the maker of the "Angry Birds" mobile games and movie, posted better than expected quarterly profit on Thursday, representing a fillip to investor confidence dented by a dramatic profit warning in February.

Tencent's market value soars as much as $34 billion after forecast-beating first quarter

HONG KONG (Reuters) - Robust earnings from Tencent Holdings sent its market value surging by as much as $34 billion on Thursday, helping the Chinese technology giant briefly reclaim the mantle of Asia's most valuable listed company.

Angry Birds maker Rovio doubles first-quarter profit

HELSINKI (Reuters) - Rovio Entertainment, the maker of the "Angry Birds" mobile game series and movie, doubled operating profit in the first quarter as growth in its top games offset negative effects from currency exchange rates.

Exclusive: Intel's Mobileye gets self-driving tech deal for 8 million cars

JERUSALEM (Reuters) - Mobileye, Intel Corp's Israel-based autonomous driving unit, has signed a contract to supply eight million cars at a European automaker with its self-driving technologies, a company official told Reuters.

YouTube to launch new music streaming service on May 22

(Reuters) - Google's YouTube said on Wednesday it will launch a new music streaming service, YouTube Music, next week and unveil soon a premium service that will charge more for its original shows.

China's city of Tianjin to set up $16-billion artificial intelligence fund

BEIJING (Reuters) - China's northern port city of Tianjin announced plans on Thursday to set up funds worth 100 billion yuan ($16 billion) to support the artificial intelligence industry, official news agency Xinhua said.

Tencent shares rise after first quarter profit beats

HONG KONG (Reuters) - Shares of Tencent Holdings Ltd opened up 7 percent in Hong Kong on Thursday after it reported better-than-expected first-quarter results.

YouTube to revamp music service, charge more for ad-free shows: Recode

(Reuters) - Google's YouTube is launching a new version of its music service and also getting ready to charge more on its original shows like "Cobra Kai", Recode reported on Wednesday.

Shares of Tencent open 7 percent higher after first quarter profit beats

HONG KONG (Reuters) - Shares of Tencent Holdings Ltd opened up 7 percent in Hong Kong on Thursday after it reported better-than-expected first-quarter results.

Big proxy adviser ISS does not support Facebook's Zuckerberg in proxy vote

BOSTON (Reuters) - Top proxy adviser Institutional Shareholder Services on Wednesday recommended Facebook Inc investors withhold support from five directors including Chief Executive Mark Zuckerberg and vote in favor of shareholder proposals aimed at improving the social media company's response to ...

Continue reading

Mexico central bank estimates hackers hit about $15 million

MEXICO CITY (Reuters) - Mexico's central bank said on Wednesday a cyber attack that has affected a payments system in the country had hit a total of five companies and that an estimated 300 million pesos ($15.33 million) of irregular transactions had been detected so far.

George Soros' bet on Tesla could see other investors follow suit

NEW YORK (Reuters) - If Tesla Inc Chief Executive Elon Musk needs to raise even more money, there may be a way.

Cisco's tepid forecast clouds quarterly beat, shares fall

(Reuters) - Network gear maker Cisco Systems Inc reported third-quarter profit and revenue that topped analysts' estimates on Wednesday, but shares fell 4 percent after dour current-quarter forecasts indicated that the transition to a software-focused business remained a work in progress.