SEOUL (Reuters) - Samsung Electronics Co Ltd Vice Chairman Jay Y. Lee has replaced his lawyer ahead of an appeal against the five-year jail term he was given for bribery and other charges, a spokesman for his law firm said on Thursday. Attorney Song Wu-cheol was replaced by Lee In-jae, a more senior...
Vuzix smart glasses contract will help U.S. war veterans 'see' again
NEW YORK (Reuters) - Vuzix Corp, a maker of computer smart glasses used in industry, said on Wednesday it is venturing into a new market with a system that helps restore vision to U.S. military veterans who lost sight in combat in Iraq and Afghanistan. Smart glasses have found growing acceptance in ...
Facebook says likely Russian-based operation spent money on ads on issues
SAN FRANCISCO (Reuters) - Facebook Inc (FB.O) said Wednesday it had found that an influence operation likely based in Russia spent $100,000 on ads promoting divisive social and political messages in a two-year-period through May. The dominant social network said that many of the ads promoted 470 &ld...
T-Mobile US to offer free Netflix with family plan
(Reuters) - T-Mobile US Inc (TMUS.O) said on Wednesday it will offer a free subscription to video streaming service Netflix Inc (NFLX.O) with its unlimited data family plans in a push to lure more subscribers. The new offer shows how wireless carriers are bundling content with mobile service as a wa...
Oracle backs online human trafficking bill, breaking with tech industry
WASHINGTON (Reuters) - Cloud services company Oracle Corp on Wednesday backed a bipartisan proposal in the U.S. Congress that would make it easier to penalize operators of websites that facilitate online sex trafficking. The endorsement of legislation advancing in the U.S. Senate marks a sharp depar...
Ukrainian ministry carries out first blockchain transactions
KIEV (Reuters) - Ukraine’s justice ministry carried out trial auctions using blockchain technology for the first time on Wednesday, part of an effort to improve transparency in government transactions. The project is part of a broader drive by the Ukrainian authorities to modernize state insti...
House unanimously approves sweeping self-driving car measure
WASHINGTON (Reuters) - The U.S. House on Wednesday unanimously approved a sweeping proposal to speed the deployment of self-driving cars without human controls and bar states from blocking autonomous vehicles. The bill now goes to the Senate and would allow automakers to obtain exemptions to deploy ...
Saudi sovereign fund, Softbank plan robotic initiative
DUBAI (Reuters) - Saudi Arabia’s main sovereign wealth investment fund and Japan’s Softbank Group plan to jointly study how robots can be used more effectively in government, business and society, they said on Wednesday. In the coming months, the Public Investment Fund (PIF) and the Japa...
U.S. House unanimously approves sweeping self-driving car measure
WASHINGTON (Reuters) - The U.S. House on Wednesday unanimously approved a sweeping proposal to speed the deployment of self-driving cars without human controls and bar states from blocking autonomous vehicles. The bill now goes to the Senate and would allow automakers to obtain exemptions to deploy ...
Mexico signs e-commerce deal with China's Alibaba Group
MEXICO CITY (Reuters) - Mexico’s government said on Wednesday it has inked a deal with Alibaba Group Holding Ltd, to get Mexican products and services, especially from small- and medium-sized firms, onto the top Chinese e-commerce firm’s platform. The deal comes as Mexican President Enri...
U.S. Senate panel to look at self-driving commercial trucks
WASHINGTON (Reuters) - The U.S. Senate Commerce Committee plans a hearing next Wednesday on the future of self-driving commercial trucks that will include the chief executive of Navistar International Corp and safety advocates. A U.S. House bill aimed at speeding self-driving vehicles to market that...
T-Mobile to offer free Netflix to some family plan customers
(Reuters) - T-Mobile US Inc said on Wednesday it will offer a free subscription to video streaming service Netflix Inc with its unlimited data family plans in a push to lure more subscribers in a highly competitive U.S. wireless market. T-Mobile, the No. 3 U.S. wireless carrier by subscribers, has b...
Court orders Intel case review in EU antitrust blow
LUXEMBOURG/BRUSSELS (Reuters) - Europe’s top judges dealt a rare blow to European Union antitrust regulators on Wednesday by sending their case against U.S. chipmaker Intel Corp (INTC.O) back to court for an appeal. In a move that may have ramifications for EU cases against Qualcomm (QCOM.O) a...
EU plans rule change to increase taxes on online giants
BRUSSELS (Reuters) - European Union finance ministers are set to discuss rule changes next week aimed at increasing taxes on digital multinationals such as Google and Amazon, an EU document seen by Reuters said. Online giants are facing increasing pressure in Europe over the low tax they pay, but st...
EU regulators halt review of Qualcomm-NXP deal for second time
BRUSSELS (Reuters) - EU antitrust regulators have halted for a second time their review of U.S. smartphone chipmaker Qualcomm’s $38-billion bid for NXP Semiconductors after the companies failed to provide key details of the deal. The European Commission paused its investigation on Aug. 17, a f...
Court orders Intel case review in blow to EU antitrust regulators
LUXEMBOURG/BRUSSELS (Reuters) - Europe’s top judges dealt a rare blow to European Union antitrust regulators on Wednesday by sending their case against chipmaker Intel back to a lower court for an appeal. In a move that may have ramifications for the EU watchdog’s cases against Qualcomm ...
Sports e-commerce firm Fanatics closes $1 billion funding round led by SoftBank
New York (Reuters) - Sports e-commerce firm Fanatics has closed a $1 billion funding round led by SoftBank Group Corp’s Vision fund, which will give it the firepower to expand internationally, Chief Executive Doug Mack told Reuters. The new funding will value the Jacksonville, Florida-based co...
Hackers gain entry into U.S., European energy sector, Symantec warns
WASHINGTON (Reuters) - Advanced hackers have targeted United States and European energy companies in a cyber espionage campaign that has in some cases successfully broken into the core systems that control the companies’ operations, according to researchers at the security firm Symantec. Malic...
Australia researchers say find new way to build quantum computers
SINGAPORE (Reuters) - Researchers in Australia have found a new way to build quantum computers which they say would make them dramatically easier and cheaper to produce at scale. Quantum computers promise to harness the strange ability of subatomic particles to exist in more than one state at ...
Intel's fight against EU antitrust to drag on after court ruling
LUXEMBOURG (Reuters) - U.S. chipmaker Intel’s decade-long fight against a 1.06-billion-euro ($1.3 billion) EU antitrust fine is set to drag on after Europe’s top judges told a lower court to re-examine the case. In what could be seen as an encouraging sign for the company, the judges sai...
Facebook digital ads figures differ from census data: analyst
(Reuters) - Figures Facebook Inc gives advertisers about its potential reach differ from U.S. census data, an investment analyst said on Tuesday, renewing questions about how tech companies verify the value of their digital marketing space. Facebook, Alphabet Inc’s Google and other internet co...
Facebook inflates ad reach, claims Pivotal Research analyst
(Reuters) - Facebook Inc inflates the number of people who can see the advertisements on its platform, a Pivotal Research Group analyst said in a note. Facebook’s Ads Manager claims a potential reach of 41 million 18- to 24-year olds and 60 million 25- to 34-year olds in the United States, whe...
SEC chief says cyber crime risks are substantial, systemic
NEW YORK (Reuters) - Regulators must do more to help mom-and-pop investors better understand the potential risks posed by cyber crime and new technologies used to commit fraud, U.S. Securities and Exchange Commission Chairman Jay Clayton said on Tuesday. Clayton, who was appointed to the commission ...
Nissan takes EV battle to Tesla with longer-range Leaf
CHIBA, Japan (Reuters) - Nissan Motor Co Ltd will launch a revamped version of its Leaf electric vehicle (EV) on Wednesday, going head-to-head with Tesla Inc’s Model 3 and beating off criticism that a limited driving range will dull its mass-market appeal. The new Leaf, on sale in Japan from O...
Isle of Man firm to launch 250 million-pound Dubai property priced in bitcoin
NEW YORK (Reuters) - The Knox Group of Companies, with headquarters in the Isle of Man, announced late on Tuesday it will launch a residential and commercial property development in Dubai valued at 250 million pounds ($325 million), with residences that can be purchased in the digital currency bitco...
HP Enterprise posts surprise revenue rise on networking demand
(Reuters) - Hewlett Packard Enterprise Co reported a surprise rise in quarterly revenue, largely helped by higher sales of its networking equipment, sending its shares up more than 4 percent in extended trading on Tuesday. HPE Chief Executive Meg Whitman has been focusing on a few areas such as netw...
U.S. to unveil revised self-driving car guidelines: sources
WASHINGTON (Reuters) - President Donald Trump’s administration is set to unveil revised self-driving vehicle guidelines next week in Michigan, responding to automakers’ calls for elimination of legal barriers to putting autonomous vehicles on the road, sources briefed on the matter said ...
HP Enterprise revenue beats on higher demand for networking devices
(Reuters) - Data center technology company Hewlett Packard Enterprise Co reported a better-than-expected quarterly revenue, helped by higher sales for its networking equipment. Shares of the company rose 4.13 percent to $14.62 after the bell on Tuesday. Revenue from the company’s enterprise gr...
Facebook's pricey cricket bid shows appetite for big sports events
(Reuters) - Facebook Inc’s $600 million losing bid to buy the streaming rights to a hugely popular cricket tournament in India shows the social network is willing to spend big bucks for high-profile sporting events to keep users engaged on its platform. Facebook on Monday emerged as the highes...
Regulation of digital coin offerings needed for healthy market: China central bank adviser
BEIJING (Reuters) - It is the interest of the long-term development of blockchain technologies for the rapidly growing market for fundraising through the issue of digital currencies to be regulated, an adviser to China’s central bank said on Tuesday. Sheng Songcheng, adviser to the People&rsqu...