Apple concedes new watch has connectivity glitch

(Reuters) - Apple Inc’s (AAPL.O) on Wednesday conceded its latest smartwatch unveiled a week ago has problems with its most important feature: the ability make phone calls and access data without an iPhone nearby. Several prominent reviewers said Wednesday they could not recommend the device b...

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Apple Watch fails to tick with reviewers due to cellular glitch

(Reuters) - Apple Inc’s latest smartwatch may have packed many impressive features of a smartphone, but occasional mobile connectivity issues and poor battery life held back several reviewers from recommending the device. The Watch Series 3, launched last week alongside iPhone 8 and iPhone X, ...

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Waymo seeking $2.6 billion from Uber for one trade secret: lawyer

SAN FRANCISCO (Reuters) - Alphabet Inc’s Waymo unit is seeking about $2.6 billion from Uber for the alleged theft of one of several trade secrets in a lawsuit over self-driving cars, a lawyer for Uber said on Wednesday. Uber Technologies Inc attorney Bill Carmody disclosed the figure in a hear...

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Waymo seeking $2.6 billion for one trade secret against Uber

SAN FRANCISCO (Reuters) - An Uber [UBER.UL] lawyer on Wednesday said Alphabet Inc’s Waymo unit is seeking about $2.6 billion for the alleged theft of one of several trade secrets in a lawsuit over self-driving cars. Uber Technologies Inc attorney Bill Carmody disclosed the figure in a hearing ...

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Google close to buying smartphone maker HTC's assets: Bloomberg

(Reuters) - Alphabet Inc’s (GOOGL.O) Google is close to acquiring assets of Taiwanese smartphone maker HTC Corp (2498.TW), Bloomberg reported, citing a person familiar with the matter. The Taiwan stock exchange said on Wednesday that HTC shares will be halted from Sept. 21 on a pendi...

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Amazon reviewing website after algorithm suggests bomb-making ingredients

LONDON (Reuters) - Amazon.com (AMZN.O) said on Wednesday it was reviewing its website after an investigation found that it could help users buy the ingredients to make a bomb using its “Frequently bought together” and “Customers who bought this also bought” features. Britain&...

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Internet firms say removing extremist content within hours is huge challenge

BRUSSELS (Reuters) - Removing extremist content from the internet within a few hours of it appearing poses “an enormous technological and scientific challenge”, Google’s general counsel will say later on Wednesday to European leaders who want it taken down quicker. Kent Walker, gen...

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Digital firms pay less than half tax of traditional rivals: EU Commission

BRUSSELS (Reuters) - Digital companies in the European Union pay in tax less than half the amount paid by traditional firms, the European Commission said in a draft report which backs plans to increase the tax bill of firms like Amazon or Facebook. In the report to be adopted on Thursday, the Commis...

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Toshiba says seals $18 billion deal to sell chip unit to Bain Capital group

TOKYO (Reuters) - Japan’s Toshiba Corp said on Wednesday it has agreed to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. Toshiba said in a nighttime anno...

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As Apple slows, fast-moving Chinese rivals gain in wealthy markets

HONG KONG/SINGAPORE (Reuters) - Slowing innovation at iPhone maker Apple gives Asian rivals their best chance yet to conquer developed markets, retailers and consumers say - thanks to better designs and lower prices. Apple last week unveiled new iPhones with wireless charging, an edge-to-edge screen...

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ABB to deliver 117 electric vehicle charging stations for German motorways

ZURICH (Reuters) - ABB will deliver 117 electric vehicle charging stations to German utility EnBW, the Swiss engineering company said on Wednesday. Power utilities such as EnBW, tech start-ups and oil majors are vying to become dominant players in the fast-growing business of charging stations. Thes...

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Uber reviews Asia business amid U.S. bribery probe: source

(Reuters) - Uber Technologies Inc [UBER.UL], which is the subject of a U.S. federal probe into whether it broke bribery laws, has started a review of its Asia operations and notified U.S. authorities about payments made by staff to police officers in Indonesia, a person familiar with the matter told...

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Amazon working on 'smart glasses' as its first wearable device: FT

(Reuters) - Amazon.com Inc is working on its first wearable device - a pair of ‘smart glasses’, the Financial Times reported on Wednesday. The device, designed like a regular pair of spectacles, will allow Amazon's digital assistant Alexa to be summoned anytime at all places, the report ...

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At U.N., Britain to push internet firms to remove extremist content quicker

UNITED NATIONS (Reuters) - The leaders of Britain, France and Italy will push social media companies on Wednesday to remove “terrorist content” from the internet within one to two hours of it appearing because they say that is the period when most material is spread. British Prime Minist...

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Uber reviews Asia business over bribery allegations in U.S.: Bloomberg

(Reuters) - Uber Technologies Inc [UBER.UL], which is the subject of a federal probe into whether it broke bribery laws, has started a review of its Asia operations and notified U.S. officials about payments made by staff in Indonesia, Bloomberg reported, citing people with knowledge of the matter. ...

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Amazon sends accidental gift email to shoppers due to glitch

(Reuters) - A technical glitch caused Amazon.com Inc to email some of its customers erroneously that they had received a gift, a spokeswoman said in a statement on Tuesday. The email displayed an image of a crawling infant and told shoppers that they had received a present from their baby registry. ...

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Exclusive: Toshiba flips back towards Western Digital group for chip unit sale - sources

TOKYO (Reuters) - Toshiba Corp (6502.T) is shifting back toward selling its prized semiconductor unit to a group backed by joint venture partner Western Digital Corp (WDC.O), people familiar with the deal said. Just days ago the Japanese firm said it was leaning toward a rival bid for the $18 billio...

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Massachusetts sues Equifax as hack concerns spread to Canada

(Reuters) - Massachusetts Attorney General Maura Healey filed a lawsuit on Tuesday against credit reporting firm Equifax Inc (EFX.N) following a breach that exposed the personal data of up to 143 million people, including 3 million in the state. Equifax said on Tuesday that the massive breach of sen...

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Tesla shares fall from record high after warning from analyst

SAN FRANCISCO (Reuters) - Shares of Tesla (TSLA.O) fell from record highs on Tuesday after an analyst warned that the electric car maker may take longer than expected to become profitable. Jefferies analyst Philippe Houchois launched coverage of Tesla with an “underperform” rating, helpi...

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Twitter says its controls are weeding out users advocating violence

BRUSSELS (Reuters) - Twitter Inc said that its internal controls were allowing it to weed out accounts being used for the “promotion of terrorism” earlier rather than responding to government requests to close them down. U.S. and European governments have been pressuring social media com...

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Massachusetts sues Equifax for not protecting state residents

(Reuters) - Massachusetts Attorney General Maura Healey filed a lawsuit on Tuesday against credit reporting firm Equifax Inc (EFX.N) following a breach that exposed the personal data of as many as 143 million people, including 3 million in the state. Equifax’s share price has fallen by about o...

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Equifax says 100,000 Canadians likely affected by data breach

TORONTO (Reuters) - Credit scoring company Equifax Inc said on Tuesday that the personal details of around 100,000 Canadians were exposed in the massive breach it disclosed earlier this month. The company said criminals got access to files containing personal information of some Canadian consumers -...

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Alibaba-backed Best Inc cuts expected price range for U.S. IPO

(Reuters) - Alibaba Group-backed (BABA.N) Chinese logistics firm Best Inc on Tuesday slashed the expected price range of its U.S. initial public offering, one day before its market debut, suggesting tepid investor enthusiasm. Best expects its offering of 45 million American depository shares (ADS) t...

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Alibaba-backed Best Inc cuts expected IPO price range

(Reuters) - Alibaba Group-backed (BABA.N) logistics company Best Inc on Tuesday slashed the expected price range of its U.S. initial public offering, one day before its market debut, suggesting tepid investor enthusiasm. Best expects its offering of 45 million American depository shares (ADS) to be ...

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Twitter reports progress on weeding out users advocating violence

BRUSSELS (Reuters) - Twitter Inc said that its internal controls were allowing it to weed out accounts being used for “promotion of terrorism” earlier rather than responding to government requests to close them down. U.S. and European governments have been pressuring social media compani...

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U.S. defense firms want control over tech in Make-in-India plan

NEW DELHI (Reuters) - U.S. defense firms offering to set up production lines in India to win deals worth billions of dollars want stronger assurances they won’t have to part with proprietary technology, according to a business lobby group’s letter to India’s defense minister. These...

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Salesforce to launch $50 million artificial intelligence fund

SAN FRANCISCO (Reuters) - The venture wing of Salesforce.com Inc is launching a $50 million fund to invest in start-ups employing artificial intelligence, the cloud computing firm told Reuters on Tuesday. Salesforce, whose software helps businesses sell, market and track customer activity, has been ...

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Nokia's French jobs cut plan suspended until October 2: French minister

PARIS (Reuters) - Nokia’s (NOKIA.HE) plan to cut almost 600 jobs in France is suspended until Oct. 2, French junior economy minister Benjamin Griveaux said on Tuesday after meeting the head of the Finnish telecom equipment maker’s French unit. Griveaux will meet with unions and company m...

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App Annie's new product offers insight into consumer trends in China

FRANKFURT (Reuters) - The pioneer of mobile app analytics, App Annie, on Tuesday said it has begun tracking Android app usage in China, a landmark for understanding consumer behavior in the world’s top smartphone market, which increasingly sets the pace for global trends. App Annie said it was...

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Exclusive: U.S. defense firms want control over tech in Make-in-India plan

NEW DELHI (Reuters) - U.S. defense firms offering to set up production lines in India to win deals worth billions of dollars want stronger assurances they won’t have to part with proprietary technology, according to a business lobby group’s letter to India’s defense minister. These...

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