Sony raises earnings outlook, expects best-ever annual profit

TOKYO (Reuters) - Japan’s Sony Corp lifted its full-year operating income forecast on Tuesday, expecting to book its highest-ever profit due to strong sales of image sensors used in smartphones and other devices. FILE PHOTO: The logo of Sony PlayStation VR is seen at Tokyo Game Show 2017 in Ch...

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Samsung Electronics to boost returns after record third-quarter profit

SEOUL (Reuters) - South Korean technology giant Samsung Electronics Co Ltd (005930.KS) promised to return $26 billion to shareholders over the next three years as it reported record third-quarter profit on the back of the global boom in memory chips. FILE PHOTO: The logo of Samsung Electronics is se...

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Apple could drop Qualcomm components in next year's iPhones, iPads: sources

(Reuters) - Apple Inc (AAPL.O) has designed iPhones and iPads that would drop chips supplied by Qualcomm Inc (QCOM.O), according to two people familiar with the matter. FILE PHOTO: A man is reflected in a Apple store logo in San Francisco, California, U.S., August 21, 2017. REUTERS/Kevin Coombs/File...

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DoorDash opens Silicon Valley home for 'virtual' restaurants

LOS ANGELES (Reuters) - After helping customers bypass dining rooms, food delivery company DoorDash is giving chefs the option to do the same with delivery-only “virtual” restaurants run out of its new commissary in Silicon Valley. A kitchen staffer at “The Star” pizzeria pre...

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Samsung Electronics third-quarter profit nearly triples to new record

SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) said on Tuesday it will pay dividends of about 29 trillion won in the 2018-2020 period as it reported record operating profit for the three months through September, lifted by its largest-ever memory chip earnings. FILE PHOTO: The logo of Sams...

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SoftBank, Deutsche Telekom hit wall in Sprint, T-Mobile talks: sources

(Reuters) - SoftBank Group Corp and Deutsche Telekom AG have reached an impasse in their talks to merge Sprint Corp and T-Mobile US Inc over how many shares each would hold in the combined company, people familiar with the matter told Reuters on Monday. In a board meeting at Japan’s SoftBank o...

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Uber scrambles to head off Brazil bill regulating ride software

BRASILIA (Reuters) - Hundreds of drivers for the internet based ride-hailing firm Uber drove through Brazil’s largest cities on Monday to protest legislation that would turn them into regular taxi drivers subject to the same local licensing and taxation rules. Uber drivers protest against a le...

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Facebook says 126 million Americans may have seen Russia-linked political posts

WASHINGTON (Reuters) - Facebook Inc (FB.O) said on Monday that Russia-based operatives published about 80,000 posts on the social network over a two year period in an effort to sway U.S. politics, and that about 126 million Americans may have seen the posts during that time. A 3D-printed Facebook li...

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Ackman says ADP provided 'misleading' claims to ISS: filing

BOSTON (Reuters) - Billionaire investor William Ackman on Monday accused Automatic Data Processing Inc (ADP.O) of providing misleading and incorrect claims to Institutional Shareholder Services and asked the proxy advisory firm to reconsider its shareholder recommendations. William 'Bill' Ackman, CE...

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Ackman says ADP provided 'misleading' data to ISS: filing

BOSTON (Reuters) - Billionaire investor William Ackman on Monday accused Automatic Data Processing of providing misleading and incorrect data to Institutional Shareholder Services and asked the proxy advising firm to reconsider its recommendations. William 'Bill' Ackman, CEO and Portfolio Manager of...

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Apple touches record as brokerages bullish on iPhone X demand

(Reuters) - Several analysts downplayed concerns about Apple Inc’s iPhone X production issues and were bullish on demand and sales, pushing the company’s shares to a record on Monday. FILE PHOTO: An attendee checks out a new iPhone X during an Apple launch event in Cupertino, California,...

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Apple's Cook, Facebook's Zuckerberg meet China's Xi in Beijing

SHANGHAI (Reuters) - Apple Inc chief executive Tim Cook and Facebook Inc’s Mark Zuckerberg met Chinese President Xi Jinping on Monday at an annual gathering of advisers to Beijing’s Tsinghua University business school. FILE PHOTO: Apple CEO Tim Cook attends the China Development Forum in...

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HSBC hit by second online banking outage in four days

LONDON (Reuters) - HSBC suffered its second online banking outage in four days in Britain on Monday, as customers complained on social media that they could not log in. FILE PHOTO: The HSBC bank logo is seen at their offices in the Canary Wharf financial district in London, Britain, March 3, 2016. R...

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Investors hope for details in Shopify's response to short seller

TORONTO (Reuters) - Retail software company Shopify Inc (SHOP.TO) may not be willing to release as many operational details as some investors are hoping for in response to a short seller’s criticism, a shareholder and several analysts said. FILE PHOTO: Canadian e-commerce company Shopify Inc l...

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Nintendo doubles profit outlook on strong Switch console sales

OSAKA (Reuters) - Japanese videogames maker Nintendo Co Ltd (7974.T), already expecting its highest earnings in seven years, almost doubled its full-year operating profit forecast on Monday as supply shortages for its new Switch games console began to ease. FILE PHOTO: A Nintendo Switch game console...

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China says unlikely to grant licenses for world's hottest video game

BEIJING (Reuters) - China’s content regulator on Monday said it was unlikely to grant licenses for the world’s hottest video game, PlayerUnknown’s Battlegrounds, as being too bloody and violent, thus effectively denying firms the opportunity to cash in. The ban on the South Korea-m...

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Nintendo lifts annual profit outlook on strong Switch console sales

TOKYO (Reuters) - Japanese videogames maker Nintendo Co Ltd on Monday raised its full-year operating profit forecast as supply shortages on the Switch console began to ease. FILE PHOTO: A Nintendo Switch game console is displayed at an electronics store in Tokyo, Japan March 3, 2017. REUTERS/Toru Ha...

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Tech firms must do more on extremism: World Economic Forum

WASHINGTON (Reuters) - U.S. tech firms such as Facebook Inc and Twitter Inc should be more aggressive in tackling extremism and political misinformation if they want to avoid government action, a report from the World Economic Forum said on Monday. A 3D-printed Facebook logo is displayed in front of...

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Telekom CEO argues for strong No. 3 player in U.S. wireless market: newspaper

FRANKFURT (Reuters) - A strong No. 3 player in the U.S. wireless market would enhance competition, the chief of Deutsche Telekom (DTEGn.DE) told a German newspaper, as T-Mobile US Inc (TMUS.O) seeks to merge with Sprint Corp (S.N). Timotheus Hoettges, Chief Executive Officer of Germany's telecommuni...

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China's Baidu teams up with Shouqi on driverless cars: Xinhua

BEIJING (Reuters) - Chinese search engine giant Baidu and Shouqi Limousine & Chauffeur, a car-hailing operator, are joining up to develop driverless vehicles, the official Xinhua media service reported on Saturday. FILE PHOTO - Baidu's company logo is seen at its headquarters in Beijing December...

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Facebook, in reversal, to publish cache of political ads

SAN FRANCISCO (Reuters) - Facebook Inc (FB.O) announced a plan to increase transparency about its role in political advertising on Friday, ahead of congressional hearings next week on social media companies and Russia’s meddling in last year’s U.S. presidential election. FILE PHOTO: Face...

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U.S. wants to remove 'unnecessary' barriers to self-driving vehicles

WASHINGTON (Reuters) - The U.S. National Highway Traffic-Safety Administration said Friday it is looking for input on how it can remove regulatory roadblocks to self-driving cars. FILE PHOTO -The rear of a Lexus SUV equipped with Google self-driving sensors is seen during a media preview of Google's...

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Uber hires Pepsi's Tony West as new chief legal officer

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] said on Friday it hired a new general counsel to help guide the company through its many legal quandaries, filling one of the key vacancies in its leadership. FILE PHOTO: An Uber sign is seen in a car in New York, U.S. June 30, 2015. REUTERS/...

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Fear the Reaper, or Reaper Madness?

Last week we looked at reports from China and Israel about a new “Internet of Things” malware strain called “Reaper” that researchers said infected more than a million organizations by targeting newfound security weaknesses in countless Internet routers, security cameras and ...

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Fear the Reaper, or Reaper Madness?

Last week we looked at reports from China and Israel about a new “Internet of Things” malware strain called “Reaper” that researchers said infected more than a million organizations by targeting newfound security weaknesses in countless Internet routers, security cameras and ...

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Facebook, Twitter, Google executives to testify at U.S. Senate Russia hearing

WASHINGTON (Reuters) - Executives from Facebook Inc (FB.O), Twitter Inc (TWTR.N) and Alphabet Inc’s (GOOGL.O) Google will testify on Tuesday before a Senate Judiciary subcommittee hearing on allegations of Russian interference in the 2016 U.S. presidential election. A 3D-printed Facebook logo ...

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Uber CEO heads to Brazil amid new legislative threat

SAO PAULO (Reuters) - The chief executive of Uber Technologies Inc, Dara Khosrowshahi, will visit its operations in Brazil next week, the company told Reuters on Friday, as the country’s Congress nears a vote on legislation threatening its business model. File Photo - Dara Khosrowshahi attends...

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Facebook says will make ads more transparent

(Reuters) - Facebook said on Friday it would make advertising on its network more transparent, amid increased scrutiny of political spending on social media. FILE PHOTO: Facebook logo is seen at a start-up companies gathering at Paris' Station F in Paris, France on January 17, 2017. REUTERS/Philippe...

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Apple says iPhone X pre-orders are off the charts

(Reuters) - Pre-orders for Apple Inc’s iPhone X are “off the charts”, the company said on Friday. FILE PHOTO: An attendee checks out a new iPhone X during an Apple launch event in Cupertino, California, U.S. September 12, 2017. REUTERS/Stephen Lam Pre-orders for the much-anticipate...

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No end in sight for tech giant share gains

(Reuters) - How much bigger can the world’s biggest tech companies get? The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration Amazon, Microsoft, Alphabet and Intel together generated more than $100 billion in revenue in the Se...

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