BP, Shell lead plan for blockchain-based platform for energy trading

(Reuters) - A consortium including energy companies BP and Royal Dutch Shell will develop a blockchain-based digital platform for energy commodities trading expected to start by end-2018, the group said on Monday.

Wells Fargo launches robo-adviser to target new investors

(Reuters) - Wells Fargo Inc on Monday launched a new robo-adviser to give first-time investors a low-cost option to invest, joining other financial firms in the hunt for tech-savvy customers looking to enter the markets. A Wells Fargo logo is seen at the SIBOS banking and financial conference in Tor...

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Sprint shares plunge after T-Mobile merger talks called off

NEW YORK (Reuters) - Sprint Corp’s (S.N) shares fell more than 13 percent on Monday after the No. 4 U.S. wireless carrier called off merger talks with T-Mobile US Inc (TMUS.O) and a wireless partnership with cable company Altice USA (ATUS.N) failed to appease investors. The logo of U.S. mobile...

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Rivals AMD, Intel partner to take on Nvidia

(Reuters) - Bitter rivals Advanced Micro Devices Inc and Intel Corp on Monday unveiled a partnership that will help the chipmakers take on Nvidia Corp. The Intel logo is displayed on computer screens at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017. REUTERS/Mike Blake Under the partne...

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Supreme Court rejects Samsung appeal of patent loss to Apple

(Reuters) - The U.S. Supreme Court on Monday refused to step back into the years-long feud over patents between the world’s top smartphone makers, declining to hear Samsung’s (005930.KS) appeal of a lower court ruling that reinstated a jury award of about $120 million in favor of Apple(A...

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Afghanistan will not block WhatsApp, Telegram: spokesman

KABUL (Reuters) - The Afghan government will not block the instant messaging services WhatsApp and Telegram, a spokesman said on Monday, following days of controversy after reports the services would be suspended. The WhatsApp app logo is seen on a smartphone in this picture illustration taken Septe...

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Broadcom offers $103 billion for Qualcomm, sets up takeover battle

(Reuters) - Chip maker Broadcom Ltd on Monday announced an unsolicited bid to buy peer Qualcomm Inc for $103 billion as it looks to boost its presence in the wireless market, setting the stage for what could be one of the biggest takeover battles. FILE PHOTO: Broadcom Limited company logo is picture...

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World needs new rules for powerful tech: Web Summit chief

LISBON (Reuters) - Tech companies like Google and Facebook seem like monopolies and need new rules, the organizer of one of the world’s biggest technology summits said. Paddy Cosgrave, co-founder of Web Summit, attends an interview with Reuters in Lisbon, Portugal, November 5, 2017. Picture ta...

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Africa set to top 1 billion mobile internet connections in five years: study

JOHANNESBURG (Reuters) - Africa’s mobile internet connections are set to double in the next five years, a study showed on Monday, thanks to affordable smartphones and the roll-out of high-speed networks. A report by research and consulting firm Ovum in London estimates that mobile broadband co...

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Broadcom offers to buy mobile chipmaker Qualcomm for $103 billion

(Reuters) - Communications chipmaker Broadcom Ltd on Monday said it offered to buy smartphone chip supplier Qualcomm Inc for $70 per share or $103 billion in cash and stock, in what would be the biggest technology acquisition ever. FILE PHOTO: Broadcom Limited company logo is pictured on an office b...

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Qihoo 360 chairman cites national interest in Shanghai backdoor listing

HONG KONG/SHANGHAI (Reuters) - Chinese cybersecurity software giant Qihoo 360 Technology Co Ltd said on Monday that the “national interest” was an important driver for its choice to return to the Chinese stock market via a potential $7.5 billion backdoor listing. Qihoo 360 was listed in ...

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Indonesia threatens to block WhatsApp messaging over obscene content

JAKARTA (Reuters) - Indonesia on Monday vowed to block Facebook Inc’s WhatsApp Messenger within 48 hours if the service did not ensure that obscene Graphics Interchange Format (GIF) images were removed. FILE PHOTO: The WhatsApp messaging application is seen on a phone screen August 3, 2017. RE...

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BP, Shell lead plan for blockchain-based energy trading platform

(Reuters) - A consortium including energy companies BP and Royal Dutch Shell will develop a blockchain-based digital platform for energy commodities trading expected to start by end-2018, the group said on Monday. The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REU...

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Altice USA, Sprint agree to wireless partnership

(Reuters) - U.S. cable operator Altice USA will sell mobile service on wireless carrier Sprint Corp’s network under a new multi-year agreement announced on Sunday, becoming the latest firm to enter the wireless market in a bid to retain customers. FILE PHOTO: A Sprint store logo is pictured on...

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Altice USA, Sprint agree to wireless partnership agreement

(Reuters) - U.S. cable operator Altice USA will sell mobile service on wireless carrier Sprint Corp’s network under a new multi-year agreement announced on Sunday, becoming the latest firm to enter the wireless market in a bid to retain customers. FILE PHOTO: A Sprint store logo is pictured on...

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Altice to sell wireless service on Sprint's network

(Reuters) - Altice USA (ATUS.N), the fourth-largest U.S. cable operator, said it would introduce mobile service on Sprint Corp’s (S.N) network, becoming the latest in its industry to plan to enter the wireless market in an effort to retain customers. FILE PHOTO: A Sprint store logo is pictured...

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Amazon discounts other sellers' products as retail competition stiffens

NEW YORK (Reuters) - Amazon.com Inc is cutting prices of products from third-party sellers on its website, moving beyond its more typical method of discounts on items it sells directly. The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illus...

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Growth without scale: Deutsche Telekom's T-Mobile headache

FRANKFURT (Reuters) - The collapse of the attempt by T-Mobile US to merge with Sprint Corp will underline its importance as a driver of growth when its main owner, Deutsche Telekom, reports quarterly results this week. A T-Mobile shop is pictured in San Ysidro, San Diego, California, U.S., October 2...

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Toyota seeks more investments in Israeli auto tech, robotics

TEL AVIV (Reuters) - Japan’s Toyota Motor Corp is seeking more investments in Israeli robotics and vehicle technologies after its venture arm led a $14 million investment in Intuition Robotics in July. A logo of Toyota Motor Corp is seen at the company's showroom in Tokyo, Japan June 14, 2016....

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Sprint, T-Mobile call off merger after months of talks

SAN FRANCISCO/NEW YORK (Reuters) - Sprint Corp (S.N) and T-Mobile US Inc (TMUS.O) said on Saturday they have called off merger talks to create a stronger U.S. wireless company to rival market leaders, leaving No. 4 provider Sprint to engineer a turnaround on its own. The announcement marks the lates...

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Sprint and T-Mobile call off merger after months of talks

SAN FRANCISCO/NEW YORK (Reuters) - Sprint Corp (S.N) and T-Mobile US Inc (TMUS.O) said on Saturday they have called off merger talks to create a stronger U.S. wireless to rival to market leaders, leaving No. 4 provider Sprint to engineer a turnaround on its own. Smartphones with the logos of T-Mobil...

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Irish PM says future of $1 billion Apple data center uncertain

DUBLIN (Reuters) - A planned $1 billion Apple data center is in doubt after Irish Prime Minister Leo Varadkar said the U.S. company’s Chief Executive Tim Cook would no longer commit to it, adding that Dublin would do whatever necessary to get it built. A 3D printed Apple logo is seen in front ...

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Afghanistan moves to block WhatsApp, Telegram messaging services

KABUL (Reuters) - Afghanistan’s telecoms regulator wrote to internet service providers this week ordering them to block the messaging services WhatsApp and Telegram but it was not immediately clear whether they had complied. FILE PHOTO: The WhatsApp messaging application is seen on a phone scr...

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Amazon allowed by law to undercut Australian businesses: regulator

SYDNEY (Reuters) - Competition laws will allow Amazon to undercut local businesses with loss-making prices when it opens for business in Australia, expected to be later in November, the Australian competition regulator said on Saturday. The logo of the web service Amazon is pictured in this June 8, ...

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Broadcom plans record tech deal with Qualcomm bid: sources

(Reuters) - Communications chipmaker Broadcom Ltd (AVGO.O) is planning to unveil a bid for smartphone chip supplier Qualcomm Inc (QCOM.O) by Monday, three sources familiar with the matter said on Friday, an attempt to create a roughly $200-billion company through the biggest technology acquisition e...

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U.S. judge deals setback to Waymo damage claim in Uber lawsuit

SAN FRANCISCO (Reuters) - A federal judge in San Francisco made it more difficult for Alphabet Inc’s Waymo unit to prove it suffered financially from the alleged theft of autonomous car trade secrets by Uber Technologies Inc, ruling to exclude testimony from Waymo’s damages expert. FILE ...

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Chipmaker Broadcom plans blockbuster bid for Qualcomm: sources

(Reuters) - Communications chipmaker Broadcom Ltd (AVGO.O) is planning to unveil a bid for smartphone chip supplier Qualcomm Inc (QCOM.O) by Monday, two sources familiar with the matter said on Friday, an attempt to create a roughly $200-billion company in what would be the biggest technology acquis...

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In reversal, U.S. internet firms back bill to fight online sex trafficking

WASHINGTON (Reuters) - Major U.S. internet firms on Friday said they would support legislation to make it easier to penalize operators of websites that facilitate online sex trafficking, marking a sharp reversal for Silicon Valley on an issue long considered a top policy priority. A computer keyboar...

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Chipmaker Broadcom plans unsolicited bid for Qualcomm: source

(Reuters) - Broadcom Ltd (AVGO.O) is planning an unsolicited bid for smartphone chipmaker Qualcomm Inc (QCOM.O) with an offer possible as soon as this weekend, a source familiar with the matter said on Friday. FILE PHOTO: One of many Qualcomm buildings is shown in San Diego, California, U.S. on Nove...

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Chipmaker Broadcom exploring deal for Qualcomm: Bloomberg

(Reuters) - Broadcom Ltd (AVGO.O) is considering a bid of more than $100 billion for smartphone chipmaker Qualcomm Inc (QCOM.O), Bloomberg reported on Friday, in what could be the biggest-ever chip deal. FILE PHOTO: One of many Qualcomm buildings is shown in San Diego, California, U.S. on November 3...

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