Blackstone nears deal to buy HP's stake in India's MphasiS: sources

An attendee at the Microsoft Ignite technology conference walks past the Hewlett-Packard (HP) logo in Chicago, Illinois, May 4, 2015. Reuters/Jim Young Blackstone Group LP (BX.N) is nearing a deal to acquire HP Inc's (HPQ.N) controlling stake worth about $940 million in Indian IT outsourcing service...

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Worldwide wearable device shipments to jump 38 pct in 2016 - IDC

An Apple Watch in the new rose gold color is displayed during an Apple media event in San Francisco, California, September 9, 2015. Reuters/Beck Diefenbach Worldwide shipments of wearable devices are expected to rise 38.2 percent to 110 million units by the end of 2016, market research firm Internat...

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WeChat payments rocket as China's Tencent rides gaming wave

A man uses a mobile phone in front of a logo of Tencent at the Global Mobile Internet Conference (GMIC) 2015 in Beijing, China, April 28, 2015. Reuters/Kim Kyung-Hoon Tencent Holdings Ltd (0700.HK) is not only China's largest social network and online entertainment firm, it is now big in mobile paym...

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Swiss watchmakers change tack to embrace smartwatches

Swiss watchmakers, who once dismissed smartwatches as short-lived gadgets, are now racing to grab a share of a fast-growing market via technology partnerships and stepping up investments. Shipments of smartwatches overtook traditional watches in the final quarter of 2015, according to Futuresource C...

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China's Tencent says no spin-off plan for WeChat messaging app

A man walks in front of Tencent headquarters in Shenzhen, China March 15, 2016, before the company announces its annual results on March 17, 2016. Reuters/Bobby Yip China's Tencent Holdings Ltd (0700.HK) has no plans to spin-off its popular mobile messaging app WeChat, Chief Executive Pony Ma told r...

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Toshiba in $5.9 billion asset sale, shares hit by report of U.S. probe

The logo of Toshiba Corp is seen behind trees at its headquarters in Tokyo, Japan, November 6, 2015. Reuters/Yuya Shino Japan's Toshiba Corp (6502.T) announced a $5.9 billion asset sale and a big investment in its chip business on Thursday, but saw its shares slide on a report that U.S. authorities ...

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Imagination Technologies plans more cost cuts

Imagination Technologies, a supplier of graphics technology to Apple, said it planned further cost cuts on top of those announced in February, in an acceleration of its restructuring. The company, which licenses its graphics and video processing technology to semiconductor companies, has in recent y...

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Apple signs up for Google's cloud services: Re/code

An Apple iPhone is pictured next to the logo of Apple in Bordeaux, southwestern France, February 26, 2016. Reuters/Regis Duvignau Apple Inc recently started using Google's cloud service even as it simultaneously builds its own data centers to reduce its reliance on third-party service providers, tec...

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Toshiba to invest $3.2 billion in new Japan chip facility

The logo of Toshiba Corp is seen at the company's news conference venue in Tokyo in this May 17, 2012 file photo. Reuters/Yuriko Nakao/Files Toshiba Corp said it plans to invest 360 billion yen ($3.2 billion) to build a new semiconductor facility in Japan, showing it wants to grow its chip business ...

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LG Display says to invest in new OLED lighting panel plant

People walk past a LG Electronics logo during the Mobile World Congress in Barcelona, Spain February 25, 2016. Reuters/Albert Gea Consumer electronics screen maker LG Display Co Ltd said on Thursday it will build a new production plant that will manufacture organic light-emitting diode panels for it...

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Nike fitness app, new products get more personal

Nike, the world's biggest sportswear firm, is launching a new version of its Nike+ running app that offers users preferential access to the hottest new sneakers, raising its game as competition heats up in the fitness tracking business. Nike made the announcement at a glitzy event in New York at whi...

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Pennsylvania man to plead guilty to hacking celebrities' email, iCloud accounts

A Pennsylvania man has agreed to plead guilty to a felony computer hacking charge after authorities said he illegally accessed private phone and email accounts of celebrities such as Oscar-winning actress Jennifer Lawrence to leak information including nude pictures. The U.S. attorney for the Centra...

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German court rules against Apple in video streaming patent case

An Apple logo is seen at the entrance of an Apple Store in downtown Brussels, Belgium March 10, 2016. Reuters/Yves Herman A German court has ruled against Apple Inc in a case over video streaming patents, handing Kudelski's OpenTV unit a victory in its ongoing intellectual property licensing campaig...

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Overstock to issue stock to be traded on blockchain platform

Overstock.com Inc (OSTK.O) said on Wednesday it would offer shareholders new common shares to be traded on the company's t0.com platform. t0.com is Overstock's financial technology subsidiary and its trading platform is powered by the blockchain, bitcoin's underlying technology. At the same time, Ov...

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EU regulators want more info on Apple's Irish tax deal

An Apple iPhone is pictured next to the logo of Apple in Bordeaux, southwestern France, February 26, 2016. Reuters/Regis Duvignau BRUSSELS/DUBLIN - European Union antitrust regulators have asked Ireland to provide further details on the country's tax deal with Apple before deciding whether this cons...

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Cyber criminals snap up expired domains to serve malicious ads

A man types on a computer keyboard in Warsaw in this February 28, 2013 illustration file picture. Reuters/Kacper Pempel/Files Expired domain names are becoming the latest route for cyber criminals to find their way into the computers of unsuspecting users. Cyber criminals launched a malicious advert...

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Israel launches first ever video distress call service

Israelis can now use their smartphones to make live video distress calls to emergency responders, a first-of-its-kind service that, if successful, could set a new standard for countries around the world. Video chats, texting and location detection may be humdrum features for today's smartphone user,...

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Fujifilm, after losing bid for Toshiba medical unit, queries timing

The logo of Toshiba Corp is seen behind trees at its headquarters in Tokyo, Japan, November 6, 2015. Reuters/Yuya Shino Japan's Fujifilm Holdings Corp (4901.T), which lost out to Canon Inc (7751.T) in the race to be picked as preferred bidder for conglomerate Toshiba Corp's (6502.T) medical unit, qu...

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India's billion-member biometric database raises privacy fears

India's parliament is set to pass legislation that gives federal agencies access to the world's biggest biometric database in the interests of national security, raising fears the privacy of a billion people could be compromised. The move comes as the ruling Bharatiya Janata Party (BJP) cracks down ...

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BMW unveils new strategy for autonomous car era

A vintage wheelcap of a BMW is picturesd before a news conference marking the company's 100th birthday festivities in Munich, southern Germany March 7, 2016. Reuters/Michael Dalder German carmaker BMW unveiled a new strategy on Wednesday to focus on achieving further advances in electric vehicles, a...

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