Broadcom cuts Qualcomm offer to $117 billion after new NXP deal

(Reuters) - Microchipmaker Broadcom Ltd (AVGO.O) cut its bid for Qualcomm Inc (QCOM.O) on Wednesday by 4 percent to $117 billion as it objected to Qualcomm’s decision to raise its own bid for NXP Semiconductors. The move appeared to lower the chances of a negotiated deal between Broadcom and Q...

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Snapchat promises update after users balk at redesign

(Reuters) - Snap Inc’s (SNAP.N) Snapchat on Tuesday responded to a Change.org petition that asked for a reversal of the messaging app’s latest redesign. Snapchat in its response promised rolling out a new update in the coming weeks, which will 'make it easier to find the Stories', allowi...

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Americans prefer bank branches over mobile apps for opening new accounts

NEW YORK (Reuters) - Mobile banking apps keep getting better, but 60 percent of Americans would still rather open a new checking account in person at a bank branch than on a phone, tablet or desktop computer, according to a new survey. Set for release on Wednesday by consulting firm Novantas, the su...

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Broadcom trims Qualcomm offer to $117 billion after new NXP deal

(Reuters) - Broadcom Ltd (AVGO.O) cut its bid for Qualcomm Inc (QCOM.O) on Wednesday by 4 percent to $117 billion, after the latter raised the stakes in the chipmaker takeover battle with a sweetened $44 billion agreement to acquire NXP Semiconductors NV (NXPI.O). The move came after Broadcom called...

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British bank RBS hires 'digital human' Cora on probation

LONDON (Reuters) - A life-like avatar called Cora is being put through her paces by Royal Bank of Scotland (RBS.L), helping customers with basic queries and giving its digital banking drive a more human face. RBS, which recently axed a quarter of its branches and has announced thousands of job cuts ...

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Avis steers into crowded field for managing ride services fleets

DETROIT (Reuters) - When Avis Budget Group Inc (CAR.O) reports its results on Wednesday, executives under pressure from restive shareholders will likely point to the potential for profits from managing fleets of vehicles for ride services and robo-taxi companies. Avis, however, won’t be alone ...

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U.S. Intel plans $5 billion investment in Israeli plant: minister

JERUSALEM (Reuters) - Intel Corp plans to invest $5 billion to expand production at its Kiryat Gat plant in southern Israel, Israeli Economy Minister Eli Cohen said on Wednesday after talks with the U.S. chipmaker. Intel, would start expanding the plant this year and work would be completed in 2020,...

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Broadcom cuts Qualcomm bid to $117 billion

(Reuters) - Broadcom Corp (AVGO.O) on Wednesday fired its latest salvo against Qualcomm Inc (QCOM.O) by lowering its takeover offer to $117 billion from $121 billion, a day after the U.S. chipmaker increased its own offer for NXP Semiconductors NV (NXPI.O). Broadcom’s previous $82 per share of...

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Public transit app Moovit raises $50 million in round led by Intel

TEL AVIV (Reuters) - Public transit app Moovit said on Wednesday it raised $50 million in an investment round led by Intel Capital, bringing its total raised to date to $133 million. All Moovit’s earlier investors participated, including Sequoia Capital, BMW iVentures, NGP, Ashton Kutcher&rsqu...

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Nokia sees no path for 'struggling' digital health business: memo

HELSINKI (Reuters) - Nokia does not see meaningful potential for its “struggling” digital health business which includes activity trackers and smartwatches, according to an internal memo seen by Reuters on Wednesday. The Finnish company, which is mainly focused on making telecom network ...

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Intel plans $5 billion investment in Israel by 2020: minister

JERUSALEM (Reuters) - Chipmaker Intel Corp plans to invest $5 billion to expand production at its Kiryat Gat plant in Israel in the next three years, Israeli Economy Minister Eli Cohen said on Wednesday. Cohen and other ministry officials earlier in the day met with Intel executives. He said Intel w...

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Daimler to start serial production of eActros truck in 2021

STUTTGART (Reuters) - Daimler (DAIGn.DE) said on Wednesday it aims to start serial production of an electric heavy truck with a range of 200 km (124 miles) in 2021, Daimler Trucks chief Martin Daum said. A year ago, Daimler had said its eActros could be ready for serial production in 2020. Ten custo...

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Bitcoins for free? Japanese cryptocurrency exchange lands in hot water again

TOKYO (Reuters) - A blunder at a Japanese cryptocurrency exchange let investors briefly buy bitcoins for free - though none were able to profit from the mistake. Zaif, a government-registered exchange run by Osaka-based Tech Bureau Corp, said on Tuesday that a system glitch had let seven customers b...

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Apple in talks to buy cobalt directly from miners: Bloomberg

(Reuters) - Apple Inc is in talks to buy long-term supplies of cobalt for iPhone batteries directly from miners, Bloomberg reported on Wednesday, citing sources. The iPhone maker is seeking contracts to buy several thousand metric tons of cobalt for five years or longer, Bloomberg reported, citing a...

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Don't Lose That Device

Overview Your mobile devices are an amazing and easy way to communicate with friends, shop or bank online, watch movies, play games, and perform a myriad of other activities. Since your devices are such an important part of your life, here are some simple steps to keep you and your devices safe and ...

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Zero yen: Japanese cryptocurrency exchange briefly trips up trade

TOKYO (Reuters) - A Japanese cryptocurrency exchange undergoing checks by regulators has said a system failure let investors briefly trade a digital currency for zero yen, highlighting security concerns about such assets after last month’s cyber heist at Coincheck Inc. Zaif, an exchange run by...

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South Korea regulator flags better deal for cryptocurrency industry

SEOUL (Reuters) - A better deal for South Korea’s cryptocurrency industry might be in the offing as the market regulator changes tack from its tough stance on the virtual coin trade, promising instead to help promote blockchain technology. The regulator said on Tuesday that it hopes to see Sou...

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Venezuela says launch of 'petro' cryptocurrency raised $735 million

CARACAS (Reuters) - President Nicolas Maduro said Tuesday that Venezuela had received $735 million in the first day of a pre-sale of the country’s “petro” cryptocurrency, aimed at pulling the country out of an economic tailspin. Maduro is hoping the petro will allow the ailing OPEC...

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South Korea's cryptocurrency industry welcomes regulator's dramatic change of heart

SEOUL (Reuters) - South Korea’s cryptocurrency industry is anticipating much better times as the market regulator changes tack from its tough stance on the virtual coin trade, promising instead to help promote blockchain technology. The regulator said on Tuesday that it hopes to see South Kore...

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Artificial intelligence poses risks of misuse by hackers, researchers say

FRANKFURT (Reuters) - Rapid advances in artificial intelligence are raising risks that malicious users will soon exploit the technology to mount automated hacking attacks, cause driverless car crashes or turn commercial drones into targeted weapons, a new report warns. The study, published on Wednes...

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