(Reuters) - Apple Inc will build a $1.375 billion data center in Waukee near Des Moines, Apple and Iowa officials said on Thursday, with $207.8 million in incentives approved by the Iowa Economic Development Authority. Apple will purchase 2,000 acres (8.09 square km) of land in Waukee to build two d...
Seoul court to rule on Samsung scion Lee in bribery trial
SEOUL (Reuters) - A South Korean court will rule on Friday on corruption charges against Jay Y. Lee, the billionaire head of Samsung Group, after a six-month trial in a nationwide bribery scandal that triggered the dismissal from office of the country's president. Lee, the 49-year-old heir to one of...
China Life and Baidu to launch $1 billion internet fund
BEIJING (Reuters) - China Life Insurance Group Co and Baidu Inc will form a 7 billion yuan ($1 billion) private equity fund, targeting internet and other technology investments, China Life's listed arm said on Thursday. The Baidu Fund Partnership will be capitalized by China Life through a special p...
Britain aims for 'adequacy' deal with EU on data protection: government paper
LONDON (Reuters) - Britain said on Thursday it wanted to continue to cooperate closely with the European Union on data protection after it leaves the bloc and proposed using an "adequacy" agreement to ensure the free flow of information. In the latest in series of papers outlining some of Britain's ...
Western Digital group to offer $17.4 billion for Toshiba chip unit: sources
TOKYO (Reuters) - A consortium that includes Western Digital (WDC.O) is offering 1.9 trillion yen ($17.4 billion) for Toshiba Corp's (6502.T) memory chip business, which the Japanese conglomerate is trying to sell to cover losses from its U.S. nuclear business, sources said on Thursday. Western Digi...
China's JD.com partners Qihoo in push to broaden sales channels
BEIJING (Reuters) - JD.com Inc (JD.O) on Thursday said it has reached a deal to sell goods through the popular browser, search engine and app store of Qihoo 360 Technology Co Ltd QIHUy.SG, as China's second-biggest e-commerce firm seeks new ways of attracting users. JD said it will share data with Q...
Flying water taxis highlight French startup frustrations
PARIS (Reuters) - French yachtsman Alain Thebault wants to turn a boat design he used to break a world speed sailing record in 2009 into a clean, fast taxi service for the waterways of major cities. The SeaBubble won the backing of private investors - Thebault expects to raise between 50 to 100 mill...
Ahead of Lee verdict, Samsung Group lacks leadership 'Plan B'
SEOUL (Reuters) - Samsung Group, South Korea's leading conglomerate, has no 'Plan B' for taking big decisions if its billionaire de facto leader Jay Y. Lee is jailed for corruption, people familiar with the matter said. Lee, 49, has been in detention since February, on trial for charges ranging from...
Tesla's sales head to get $700,000 payout on meeting targets
(Reuters) - Electric carmaker Tesla Inc said on Wednesday it would pay $700,000 to its global sales and service president, Jon McNeill, if he met certain targets for 2017. Elon Musk-run Tesla has been counting on its least pricey electric sedan, Model 3, to become a profitable and high-volume manufa...
Uber reports second-quarter loss of $645 million; ride bookings grow
SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] reported on Wednesday that its losses narrowed in the second quarter by 9 percent and ride bookings rose, but the company is still a long way from being profitable. Uber said its net loss was $645 million, down from $708 million in the first ...
Facebook picks veteran executive to lead hardware efforts: Business Insider
(Reuters) - Facebook Inc on Wednesday named one of its veteran executives Andrew Bosworth to lead all of its consumer hardware efforts, including its Building 8 division, the Business Insider reported. Facebook launched the research shop, called Building 8, last year to conduct long-term work that m...
Google memo writer hires Republican Party official as lawyer
(Reuters) - The engineer fired from Google for writing a memo critical of the company's diversity hiring policies has hired a lawyer who is a member of the Republican National Committee to represent him. James Damore has not sued Google, a unit of Alphabet Inc (GOOGL.O), over his termination but sai...
HP Inc posts fourth straight rise in quarterly revenue
(Reuters) - HP Inc, which houses the hardware business of former Hewlett-Packard Co, reported a fourth straight rise in quarterly revenue, helped by higher demand for its personal computers. The company said revenue rose 10 percent to $13.1 billion in the third quarter ended July 31, from $11.89 bil...
Samsung seeks to bury fiery past with Galaxy Note 8 launch
SEOUL (Reuters) - Samsung Electronics Co Ltd set out to wipe the slate clean in New York on Wednesday with a new Galaxy Note 8 phablet, hoping features such as dual rear cameras and its biggest-ever screen will extinguish memories of its fire-prone predecessor.
Whole Foods shareholders approve sale to Amazon
LOS ANGELES (Reuters) - Whole Foods Market Inc on Wednesday said shareholders in the natural and organic grocery chain cleared the way for its proposed $13.7 billion sale to Amazon.com Inc. The companies expect to close the deal in the latter half of this year. Whole Foods declined further comment. ...
Germany draws up rules of the road for driverless cars
BERLIN (Reuters) - Protecting people rather than property or animals will be the priority under pioneering new German legal guidelines for the operation of driverless cars, the transport ministry said on Wednesday. Germany is home to some of the world's largest car companies, including Volkswagen (V...
In Japan, robot-for-hire programed to perform Buddhist funeral rites
TOKYO (Reuters) - A Japanese company has introduced a new role for SoftBank's humanoid robot "Pepper" - a Buddhist priest for hire at funerals. Chanting sutras in a computerized voice while tapping a drum, the robot was on display on Wednesday at a funeral industry fair - the Life Ending Industry Ex...
Toshiba sells $58.5 million in shares of Mitsubishi UFJ: source
TOKYO (Reuters) - Japan's Toshiba Corp sold $58.5 million worth of shares in Mitsubishi UFJ Financial Group on Wednesday, a source told Reuters, as the conglomerate struggles with losses from its bankrupt U.S. nuclear business. Toshiba sold 9.9 million shares in banking group Mitsubishi UFJ for 6.4 ...
True price of an Uber ride in question as investors assess firm's value
SAN FRANCISCO (Reuters) - What is the true cost of an Uber ride? That simple question is often lost among the many controversies facing the ride-services company as it tries to hire a new chief executive and resolve a bitter dispute with the old one, Travis Kalanick. But it may be the most important...
China's Fosun invests in local version of bitcoin tech blockchain
BEIJING (Reuters) - Chinese conglomerate Fosun Group has made a foray into blockchain with an investment in the Shanghai startup behind Onchain, a local version of the much-hyped technology that underpins virtual currencies such as bitcoin. Fosun is the sole investor in the first round of fundraisin...
Wal-Mart to enter voice-shopping market via Google platform
CHICAGO (Reuters) - Wal-Mart Stores Inc (WMT.N) is teaming up with Alphabet Inc's (GOOGL.O) Google to enter the nascent voice-shopping market, currently dominated by Amazon.com Inc (AMZN.O), adding another front to Wal-Mart's battle with the online megastore. Google, which makes the Android software...
CapitaLand to manage Alibaba's Shanghai HQ, launch mall on Lazada
SINGAPORE (Reuters) - Real estate developer CapitaLand Ltd on Wednesday said it had signed agreements to manage e-commerce giant Alibaba Group Holding Ltd's Shanghai headquarters and to launch an online mall on Lazada Singapore's platform. The deals by CapitaLand, among Asia's largest shopping mall ...
Toshiba prioritizes talks with Western Digital on chips business: Nikkei
TOKYO (Reuters) - Japan's Toshiba Corp is prioritizing talks with Western Digital to sell its memory chip business, as negotiations with a previously preferred bidder have stalled, the Nikkei business daily reported on Wednesday. Toshiba is scrambling to sell its flash memory unit to cover losses fr...
Google touts Titan security chip to market cloud services
SAN FRANCISCO (Reuters) - Alphabet Inc’s Google this week will disclose technical details of its new Titan computer chip, an elaborate security feature for its cloud computing network that the company hopes will enable it to steal a march on Amazon.com Inc and Microsoft Corp. Titan is the size...
Robot makers slow to address danger risk: researchers
SINGAPORE (Reuters) - Researchers who warned half a dozen robot manufacturers in January about nearly 50 vulnerabilities in their home, business and industrial robots, say only a few of the problems have been addressed. The researchers, Cesar Cerrudo and Lucas Apa of cybersecurity firm IOActive, sai...
GoDaddy's CEO Blake Irving to retire
(Reuters) - Website hoster GoDaddy Inc said on Tuesday Chief Operating Officer Scott Wagner would succeed Chief Executive Blake Irving, who would be retiring effective Dec. 31. Irving will continue to serve on GoDaddy's board through June 2018, the company said. [nPn53RgV9a] Reporting by Arunima Ban...
Dumping Data from Deep-Insert Skimmers
I recently heard from a police detective who was seeking help identifying some strange devices found on two Romanian men caught maxing out stolen credit cards at local retailers. Further inspection revealed the devices to be semi-flexible data transfer wands that thieves can use to extract stolen AT...
Dumping Data from Deep-Insert Skimmers
I recently heard from a police detective who was seeking help identifying some strange devices found on two Romanian men caught maxing out stolen credit cards at local retailers. Further inspection revealed the devices to be semi-flexible data transfer wands that thieves can use to extract stolen AT...
Austria, carmakers agree to update software of 600,000 diesel cars
VIENNA (Reuters) - Austria's Transport Minister Joerg Leichtfried said on Tuesday he had agreed with carmakers to update the software of 600,000 diesel cars to reduce pollution following a similar deal struck in Germany after a large-scale emissions scandal. Leichtfried said the deal also included e...
Nestle, Unilever, Tyson and others team with IBM on blockchain
CHICAGO/NEW YORK, (Reuters) - Nestle SA (NESN.S), Unilever Plc (ULVR.L), Tyson Foods Inc (TSN.N) and other large food and retail companies have joined IBM's (IBM.N) project to explore how blockchain technology can help track food supply chains and improve safety, the companies said in a joint statem...





