GM to buy sensor-tech firm Strobe to boost self-driving car push

DETROIT (Reuters) - No. 1 U.S. automaker General Motors Co (GM.N) said on Monday it would buy Strobe Inc, which uses LIDAR technology to help self-driving cars identify objects at a distance, to boost its push into the market for self-driving vehicles. LIDAR is one of the major sensor technologies u...

Continue reading

Putin to meet Siemens, other German executives on October 12: agencies

MOSCOW (Reuters) - Russian President Vladimir Putin will meet a representative of Siemens along with businessmen from other German firms on Thursday, Kremlin aide Yuri Ushakov said on Monday, Russian news agencies reported. Siemens said earlier this year it was reviewing aspects of its dealings with...

Continue reading

GM says to buy LIDAR-tech firm Strobe in self-driving car push

(Reuters) - General Motors Co (GM.N) said on Monday it would buy Strobe Inc, which uses LIDAR technology to help self-driving cars identify objects at a distance, to boost its push into the market for self-driving vehicles. "Strobe's LIDAR technology will significantly improve the cost and capabilit...

Continue reading

Google uncovered Russia-backed ads on YouTube, Gmail: WashPost

WASHINGTON (Reuters) - Google has discovered that Russian operatives spent tens of thousands of dollars on ads on YouTube, Gmail, Google search and other products, The Washington Post reported on Monday. The ads do not appear to be from the same Kremlin-affiliated entity that bought ads on Facebook ...

Continue reading

Google uncovered Russia-backed ads on YouTube, Gmail: Washington Post

WASHINGTON (Reuters) - Google has discovered that Russian operatives spent tens of thousands of dollars on ads on YouTube, Gmail, Google search and other products, The Washington Post reported on Monday. The ads do not appear to be from the same Kremlin-affiliated entity that bought ads on Facebook ...

Continue reading

Recovery hopes rise as Ericsson picks ex-Atlas Copco boss as chairman

STOCKHOLM (Reuters) - Ericsson has picked the former boss of high-flying mining gear maker Atlas Copco as its new chairman, boosting hopes of a recovery at the Swedish mobile equipment company. Shares in Ericsson rose as much as 2.2 percent on Monday after it said Ronnie Leten would succeed Leif Joh...

Continue reading

Qualcomm offers EU concessions over $38 billion NXP takeover bid

BRUSSELS (Reuters) - U.S. smartphone chipmaker Qualcomm has offered concessions in an attempt to allay EU antitrust concerns over its $38-billion bid for NXP Semiconductors, the largest ever in the semiconductor industry. Qualcomm, which supplies chips to Android smartphone makers and Apple, submitt...

Continue reading

Ericsson picks former Atlas Copco CEO as new chairman

STOCKHOLM (Reuters) - Ericsson has picked Ronnie Leten, the former boss of mining gear maker Atlas Copco, as its new chairman, as the mobile equipment company battles to revive its fortunes. Leten will, pending shareholder approval, take over from Leif Johansson, who said in July he would step down....

Continue reading

Sweden's Ericsson proposes Ronnie Leten as new chairman

STOCKHOLM (Reuters) - Struggling mobile telecom gear maker Ericsson proposed Ronnie Leten, former CEO at Atlas Copco, as its new chairman, it said on Monday. “Mr Leten is a very skilled businessman, technically savvy and strategically versatile,” Johan Forssell, chairman of the Nominatio...

Continue reading

Uber suspends unlicensed service in Norway in change of tack

(Reuters) - Uber said on Monday it would suspend its unlicensed service UberPOP in Oslo until Norway introduces new rules, as the U.S. ride-hailing app adopts a more conciliatory tone with national authorities. The move follows a similar one-year suspension in Finland in July to allow a new taxi law...

Continue reading

Telecoms and cable group Altice strikes debt refinancing deal

PARIS (Reuters) - Altice, the acquisitive telecoms and cable group founded by billionaire Patrick Drahi, announced on Monday a debt refinancing deal which it said would lead to cost savings on interest payments and extend its debt maturity. The company’s Altice International and SFR divisions ...

Continue reading

Equifax Breach Fallout: Your Salary History

In May, KrebsOnSecurity broke a story about lax security at a payroll division of big-three credit bureau Equifax that let identity thieves access personal and financial data on an unknown number of Americans. Incredibly, this same division makes it simple to access detailed salary and employment hi...

Continue reading

Equifax Breach Fallout: Your Salary History

In May, KrebsOnSecurity broke a story about lax security at a payroll division of big-three credit bureau Equifax that let identity thieves access personal and financial data on an unknown number of Americans. Incredibly, this same division makes it simple to access detailed salary and employment hi...

Continue reading

Solar cars begin race across Australian desert

SYDNEY (Reuters) - The World Solar Challenge began on Sunday with 42 solar cars crossing Australia’s tropical north to its southern shores, a grueling 3,000 km (1,864 mile) race through the outback. The race from the northern city of Darwin to the southern city of Adelaide is expected to take ...

Continue reading

Google to use balloons to provide Puerto Rico cell service

WASHINGTON (Reuters) - The U.S. Federal Communications Commission said late on Friday it had approved Alphabet Inc’s application to provide emergency cellular service to Puerto Rico through balloons. In the aftermath of Hurricane Maria, Puerto Rico has struggled to regain communications servic...

Continue reading

Tesla delays big rig truck debut; Model 3 in 'production hell'

(Reuters) - Tesla Inc (TSLA.O) Chief Executive Elon Musk on Friday pushed back the unveiling of the company’s big rig truck until mid-November, tweeting that the electric vehicle maker was diverting resources to fix production bottlenecks of its new Model 3 sedan and to help Puerto Rico. Musk ...

Continue reading

Tesla in 'production hell' to meet Model 3 deadline: Elon Musk

(Reuters) - Tesla Inc (TSLA.O) Chief Executive Elon Musk tweeted that the electric carmaker was “deep in production hell”, just days after the company said it would fall behind its planned ramp-up for the new Model 3 sedan due to production bottlenecks. Tesla has been struggling to meet ...

Continue reading

Tesla delays unveiling of semi-truck

(Reuters) - Tesla Inc (TSLA.O) Chief Executive Elon Musk said the electric carmaker will unveil its semi-truck on Nov. 16 as it diverts resources to fix Model 3 production bottlenecks and increase battery production for Puerto Rico. The unveiling of the truck, called Tesla Semi, has been delayed for...

Continue reading

Drug chains tumble on reports Amazon eyeing their pie

(Reuters) - Shares of drug retailers Walgreens Boots Alliance Inc (WBA.O), CVS Health Corp (CVS.N) and Rite Aid Corp (RAD.N) tumbled on Friday after reports that Amazon.com Inc (AMZN.O) was looking to make a move into selling drugs online. Amazon is reported to be in discussions with mid-market phar...

Continue reading

Tesla to send more battery installers to Puerto Rico to restore power

(Reuters) - U.S. electric car and battery maker Tesla Inc’s CEO Elon Musk said on Friday the company will send more battery installers to Puerto Rico to help restore power after Hurricane Maria knocked out all power on the island over two weeks ago. Musk also said in a tweet that he looked for...

Continue reading

Apple names former Honeywell executive as new general counsel

(Reuters) - Apple Inc (AAPL.O) said on Friday its general counsel, Bruce Sewell, will retire and be succeeded by former Honeywell International Inc (HON.N) executive Katherine Adams, who will take over Apple’s multinational legal battle against Qualcomm Inc (QCOM.O). Adams, who will also be se...

Continue reading

Retiring TSMC founder predicts fewer doctors, no taxi drivers

TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co (TSMC) will remain an industry leader, with growth driven by the Internet of Things (IoT), automotive, high-performance computing (HPC) and mobile, its chairman Morris Chang said in an interview. Chang, 86 and dubbed the father of Taiwan&rsquo...

Continue reading

AI on the menu as Nokia chairman goes back to school

HELSINKI (Reuters) - He runs a company that is a byword for technological innovation -- but Nokia’s chairman had no qualms about going back to school to learn more about artificial intelligence (AI). Risto Siilasmaa, 51, said he signed up this summer for online courses on AI programming run by...

Continue reading

Data-center provider Switch surges in debut

(Reuters) - Shares of Switch Inc, which provides data center services to Amazon, eBay and JP Morgan among others, rose 34 percent in their market debut on Friday, giving the company a market capitalization of $5.63 billion. Switch’s IPO was priced at $17 per share, above the previously outline...

Continue reading

Russia: Greek ruling on Russian bitcoin fraud suspect is illegal

MOSCOW (Reuters) - Russia said on Friday a decision by a Greek court to clear the way for a suspected Russian money launderer to be extradited to the United States was a violation of international law. Russia has also lodged an extradition request and its Foreign Ministry said on Friday that submiss...

Continue reading

Keeping the competition out: Iran startups thrive despite sanctions

LONDON (Reuters) - Low on cash but high on hope, Iran’s technology entrepreneurs are learning to live with revived hostility in the United States and growing suspicion - or worse - from hardliners at home. Their startups and e-commerce apps are flourishing, driven by government infrastructure ...

Continue reading

Chinese state media report bloated battery in Apple's iPhone 8

BEIJING (Reuters) - A fresh case of Apple Inc’s new iPhone popping open due to a swollen battery has been reported in state media in China, the world’s biggest smartphone market where the U.S. firm is seeking to revive faltering sales. The incident comes as Apple investigates similar cas...

Continue reading

China approves HP's $1.1 billion buy of Samsung's printer business with curbs

BEIJING (Reuters) - China said on Thursday it has approved HP Inc’s (HPQ.N) $1.1 billion purchase of Samsung Electronics’ (005930.KS) printer business with certain restrictions, citing concerns about the U.S. firm’s dominance of the domestic laser printer market. HP announced the d...

Continue reading

Russian hackers stole U.S. cyber secrets from NSA: media reports

WASHINGTON (Reuters) - Russian government-backed hackers stole highly classified U.S. cyber secrets in 2015 from the National Security Agency after a contractor put information on his home computer, two newspapers reported on Thursday. As reported first by The Wall Street Journal, citing unidentifie...

Continue reading

Social media executives to testify Nov. 1 about Russia and U.S. election

WASHINGTON (Reuters) - Executives from Facebook Inc (FB.O), Twitter Inc (TWTR.N) and Alphabet Inc’s (GOOGL.O) Google have been asked to testify about Russian meddling in the 2016 U.S. election before a House of Representatives panel on Nov. 1, a congressional aide said on Thursday. Executives ...

Continue reading