Uber buys self-driving truck startup Otto; teams up with Volvo

(Reuters) - Ride service Uber Technologies Inc said on Thursday it has acquired the self-driving trucks startup Otto, and it also announced that Volvo Car Group has agreed to a $300 million alliance to develop self-driving cars.

U.S.-Israeli mobile repair start-up CellSavers raises $15 million

TEL AVIV (Reuters) - U.S.-Israeli start-up CellSavers, whose technology matches consumers with broken mobile devices and technicians, said on Thursday it raised $15 million in financing led by Carmel Ventures, with participation of Sequoia Capital Israel.

U.S. Federal Reserve launches Facebook page

WASHINGTON (Reuters) - The Federal Reserve said it was launching a Facebook page on Thursday, part of an effort to reach out directly to a general public.

Sale of $2.5 billion Vimpelcom stake still in planning stage: Telenor CEO

ARENDAL, Norway (Reuters) - Nearly a year after mobile operator Telenor announced it would sell its $2.5-billion stake in Vimpelcom , it is still planning how it will go about it, its chief executive told Reuters, underlining the difficulties of the process.

Volvo and Uber team up to develop self-driving cars

The Volvo logo is seen during the media preview of the 2016 New York International Auto Show in Manhattan, New York, March 24, 2016. REUTERS/Brendan McDermid/File Photo

Amazon steps up British investment with Tilbury distribution center

Amazon.com's logo is seen at Amazon Japan's office building in Tokyo, Japan, August 8, 2016. REUTERS/Kim Kyung-Hoon

Nokia cuts price for OZO virtual reality camera

Nokia's virtual reality camera Ozo is seen at the Slush 2015 in Helsinki, November 11, 2015. REUTERS/Antti Aimo-Koivisto/Lehtikuva

China's Alipay deepens push into Europe with Ingenico partnership

An Alipay logo is seen at a train station in Shanghai, China February 9, 2015. REUTERS/Aly Song/File Photo

Tech industry's legal shield is feeling the heat

SAN FRANCISCO(Reuters) - When San Francisco passed an ordinance this year imposing fines on home rental companies for listings by hosts not registered with the city, Airbnb sued, saying the measure runs afoul of Section 230 of the U.S. Communications Decency Act.

Vietnam bans Pokemon Go from government, defense sites

HANOI (Reuters) - Vietnam has banned players of the game Pokemon Go from the offices of its government and ruling Communist Party, besides defense locations, as thousands of its citizens get swept up in the frenzy to capture virtual cartoon characters.

Samsung Electronics shares trade at new record intraday high

SEOUL (Reuters) - Shares of South Korean tech giant Samsung Electronics Co Ltd traded at a new intraday record of 1.585 million won ($1,433.73) per share in early trade on Thursday, buoyed by hopes for continued earnings recovery.

As technology shifts more layoffs loom at tech companies

NEW YORK (Reuters) - Cisco Systems Inc's announcement on Wednesday that it plans to lay off 5,500 employees is unlikely to be the last round of Silicon Valley pink slips as hardware companies struggle to keep up with rapid technology shifts, analysts and recruiters said.

Lenovo's first-quarter profit jumps 64 percent, beating estimates

HONG KONG (Reuters) - China's Lenovo Group Ltd, the world's biggest personal computer (PC) maker, said on Thursday its first-quarter net profit rose 64 percent, beating estimates as solid PC sales offset tepid smartphone demand.

Banks miss out as Chinese firms do DIY deal advice

HONG KONG (Reuters) - When ride-hailing firm Didi Chuxing agreed to buy Uber Technologies Inc's China unit this month, creating a $35 billion business, both firms used in-house advisory teams, meaning the investment banks that normally advise on these deals missed out on an estimated $60 million in ...

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Rise of the machines: Chinese investors flock to robo-advisors

HONG KONG/SHANGHAI (Reuters) - Tired of spending hours at her Beijing bank discussing her finances and a myriad of investment options with her account manager, Lauren Ma turned to Lingji, a phone app that pre-selects a range of assets and trades for her automatically.

Expert shortage hampers Japanese financials in blockchain race

TOKYO (Reuters) - Japanese financial firms risk falling behind on the world stage as efforts to adopt blockchain technology that promises to save billions of dollars in backroom processing and revolutionize the finance industry are hamstrung by a dearth of specialists.

Cisco to cut about 5,500 jobs, revenue slips

The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, May 4, 2015. REUTERS/Jim Young/File Photo

AT&T revamps cellular data plans, eliminates overage fees

NEW YORK (Reuters) - AT&T Inc, the No. 2 U.S wireless provider, said on Wednesday that it would roll out a new data plan that does away with overage fees and reduces data speeds for wireless customers who surpass their data allowance.

Monsanto's Climate Corp building network of farm data sensors

(Reuters) - Monsanto Co subsidiary the Climate Corporation is developing a network of in-field sensors to expand the scope of farming data flowing into its digital agriculture platform, the company said on Wednesday.

Ever wanted to track where your fish comes from? Now you can

ROME (Thomson Reuters Foundation) - Anyone with internet access and a passion for seafood will soon be able to track commercial fishing trawlers all over the world, with a new tool that its developers hope will help end the overfishing that has decimated the world's fish stocks.

Rowling returns to Harry Potter's world with new ebooks

(Reuters) - British author J.K. Rowling is delving back into the world of "Harry Potter" for a series of short ebooks with new stories about some of her characters from the Hogwarts School of Witchcraft and Wizardry.

Daimler's top electric motors executive moving to Bosch: sources

FRANKFURT (Reuters) - Daimler's top electric motors development executive, Harald Kroeger, is joining auto supplier Robert Bosch [ROBG.UL], two people familiar with the matter told Reuters, as a battle to hire leading talents in the sector heats up.

Russian court turns down appeal from Google in anti-monopoly case

MOSCOW (Reuters) - A Russian court on Wednesday turned down an appeal from Google in an anti-monopoly case over pre-installed applications on mobile devices running the Android operating system, Interfax news agency reported.

Uber takes legal action over new rules in London

LONDON (Reuters) - Uber [UBER.UL] has launched legal action against new rules in London such as written English tests for its drivers, in the latest battle between regulators and the car ride app which has faced bans and protests worldwide.

Cisco Systems to lay off about 14,000 employees: CRN

(Reuters) - Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company.

About a third of U.S. tech unicorns will see valuation fall: report

SAN FRANCISCO (Reuters) - Nearly one-third of private tech companies in the United States that have achieved "unicorn" status will eventually be worth less than $1 billion, according to a report published Tuesday.

Amid Trump criticism, U.S. to help states fight voter fraud

U.S. Homeland Security Secretary Jeh Johnson testifies before a House Homeland Security Committee hearing on Capitol Hill in Washington, U.S. July 14, 2016. REUTERS/Jonathan Ernst - RTSHXDX

Russia fails to reach settlement with Google in Android case

MOSCOW (Reuters) - Russia's state anti-monopoly watchdog FAS said on Tuesday it and Alphabet Inc's Google had failed to reach an out-of-court settlement in a case over Google's Android operating system, Interfax news agency reported.

Ford boosts spending, doubles staff for self-driving cars

DETROIT (Reuters) - Ford Motor Co is hiking investments in Silicon Valley technology firms and more than doubling the size of its Palo Alto, California, research team to help speed development of self-driving cars, the automaker said on Tuesday.

Indian messaging platform Hike raises $175 million

NEW DELHI (Reuters) - Indian messaging startup Hike Messenger has raised more than $175 million in a funding round led by Tencent Holdings Limited and Foxconn Technology Group that values the company at nearly $1.4 billion.