(Reuters) - U.S. video streaming company Netflix Inc (NFLX.O) said on Monday it bought comic book publisher Millarworld, home to titles such as "Kick-Ass" and "Kingsman," in its first ever acquisition. Millarworld, run by Scottish writer Mark Millar with his wife Lucy, will give Netflix a host of ch...
Hearst invests in emerging markets streaming video provider
NEW YORK (Reuters) - U.S. media company Hearst Communications Inc led a $133 million investment in iflix, the Malaysian provider of streaming video said on Monday. Other new investors included Singapore-based EDBI and clients of DBS private bank, iflix said in a statement. Existing shareholders Evol...
Tesla seeks to raise $1.5 billion to fund Model 3 production
(Reuters) - Tesla Inc (TSLA.O) said on Monday it intends to raise about $1.5 billion in a bond offering as the U.S. automaker seeks to ramp up production of its newest electric sedan, the Model 3. The debt offering comes as Tesla receives thousands of advance reservations for the Model 3, which were...
SoftBank CEO says interested in investing in Uber, Lyft
TOKYO (Reuters) - SoftBank Group CEO Masayoshi Son said he was interested in investing in ride-hailing firms Uber Technologies and Lyft but had not made a decision. "We are interested in discussing with Uber, we are also interested in discussing with Lyft, we have not decided which way," he told rep...
Cyber threats prompt return of radio for ship navigation
LONDON (Reuters) - The risk of cyber attacks targeting ships' satellite navigation is pushing nations to delve back through history and develop back-up systems with roots in World War Two radio technology. Ships use GPS (Global Positioning System) and other similar devices that rely on sending and r...
South Korea prosecutors seek 12-year jail term for Samsung scion Jay Y. Lee
SEOUL (Reuters) - South Korean prosecutors on Monday sought a 12-year jail term for Samsung Electronics Vice Chairman Jay Y. Lee, over charges that include allegedly bribing the former president for government support to help Lee cement control of the group. Lee, the de facto leader of one of Asia's...
WeWork to invest $500 million to expand in Southeast Asia, South Korea
HONG KONG (Reuters) - New York-based startup WeWork on Monday said it will invest $500 million in Southeast Asia and South Korea in its latest effort to tap growing demand for shared office space in Asia. The firm, which provides workspace for users as varied as freelancers, entrepreneurs and corpor...
Toshiba shares jump on report that auditor to sign off on results
TOKYO (Reuters) - Toshiba Corp's auditor will sign off on its annual financial results after months of being at odds with the embattled conglomerate - in a step that would lessen the risk of a delisting, the Nikkan Kogyo Shimbun newspaper reported on Monday. The report sent shares in Toshiba jumping...
UK government sets out tougher guidelines to protect smart cars from hackers
LONDON (Reuters) - The British government issued new guidelines on Sunday requiring manufacturers of internet-connected vehicles to put in place tougher cyber protections to ensure they are better shielded against hackers. The government said it was concerned that smart vehicles, which allow drivers...
U.S. cable firms embrace former foe Netflix as TV viewing shifts
(Reuters) - A growing number of U.S. cable operators are forming alliances with Netflix Inc NFLX.O, a shift that is helping the streaming pioneer add customers as its largest single market matures. No. 3 distributor Charter Communications Inc CHTR.O is expected to make Netflix available through its ...
Germany needs tougher laws against cyber crime, top policeman tells paper
BERLIN (Reuters) - Germany's top police official has called for tougher laws to fight cyber crime on the illegal internet - the Darknet - and other organized criminal structures, in an interview published on Saturday. Holger Muench, president of the Federal Criminal Police Office, told Die Welt news...
Apple to launch watches that can make calls: Bloomberg
(Reuters) - Apple Inc plans to release a version of its smartwatch later this year that can connect directly to cellular networks, Bloomberg reported on Friday, citing people familiar with the matter. Some of the new models for the Apple Watch will be equipped with LTE chips and be able to perform m...
Tesla lowers price of Model X, saying margins improved
SAN FRANCISCO (Reuters) - Tesla Inc (TSLA.O) on Friday lowered the base price of its Model X SUV to $79,500 and said improving margins were behind the move, which came as the automaker is ramping up production of its new lower-priced Model 3. Some analysts have been concerned that the launch of the ...
Volkswagen brand CEO says Tesla has abilities Volkswagen lacks
FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) the world's largest carmaker by sales, is looking to loss-making startup Tesla (TSLA.O) for inspiration on how to improve its core business, the VW brand's chief executive Herbert Diess said in an interview published on VW's website. Asked who VW’s ...
Google developing technology for Snapchat-like media content: Wall Street Journal
(Reuters) - Alphabet Inc's Google is developing technology to create media content along the lines of Snap Inc's "Discover" platform, the Wall Street Journal reported, citing people familiar with the matter. Google has been in discussions with several publishers, including Vox Media, the Washington ...
Elliott discloses NXP stake, Qualcomm's $38 billion bid in its radar
(Reuters) - Activist investor Elliott Management Corp on Friday disclosed a 6 percent stake in chipmaker NXP Semiconductors NV (NXPI.O), which is being bought by Qualcomm Inc (QCOM.O) for $38 billion, and indicated it could engage in talks to boost the offer price. Elliott's stake makes it NXP's lar...
Viacom shares tumble 10 percent on affiliate sale woes
NEW YORK (Reuters) - Shares of Viacom Inc (VIAB.O) fell 10 percent on Friday, a day after the owner of MTV and Comedy Central forecast lower sales to U.S. pay-TV companies and streaming video services this quarter. In early trading on the New York Stock Exchange, Viacom shares were down $3.72 at $31...
SAP says restrictions on new recruitment not a general hiring freeze
FRANKFURT (Reuters) - German business software company SAP denied a media report on Friday that said it has imposed a complete freeze on recruitment in order to meet financial targets this year, while reiterating that it had restricted new hirings in some areas.
Facebook offers tool to combat fake news in Kenya ahead of polls
NAIROBI (Reuters) - Facebook (FB.O) rolled out a tool this week to help Kenyan users spot fake news ahead of a hotly-contested presidential election that has seen supporters of rival candidates trade bitter words online. Voters go to the polls on Tuesday to pick a president, parliament and regional ...
TIM says Vivendi's 'direction' role due to management change, JV
MILAN (Reuters) - Top investor Vivendi last month notified the board of Telecom Italia (TIM) that it was "directing and coordinating" the phone company because it planned to appoint one of its own managers at the Italian group, TIM said on Friday. In a statement released at the request of market reg...
Google to work with Indonesia to tackle content deemed offensive
JAKARTA (Reuters) - Alphabet Inc's Google is working with Indonesia to tackle video content deemed to be offensive, including material that might incite violence or hate speech, a senior official of the search giant said on Friday. Google plans to implement its "Trusted Flagger" program in Indonesia...
Copenhagen hospitals hit by IT breakdown: media
COPENHAGEN (Reuters) - The Capital Region of Denmark, which is responsible for hospitals in the Copenhagen area, suffered a major breakdown in its information technology systems on Friday, Danish news agency Ritzau reported. Ritzau did not give a reason for the IT problems. The Capital Region of Den...
Chinese rebel robots apparently re-educated after rogue rants
BEIJING/SHANGHAI (Reuters) - China has taken down two online robots that appeared to go rogue, responding to users' questions with one saying its dream was to travel to the United States and the other admitting it wasn't a huge fan of the Chinese Communist Party. The two "chatbots", BabyQ and XiaoBi...
China holds drill to shut down 'harmful' websites
HONG KONG (Reuters) - China held a drill on Thursday with internet service providers to practice taking down websites deemed harmful, as the country's censors tighten control ahead of a sensitive five-yearly political reshuffle set to take place later this year. Internet data centers (IDC) and cloud...
Uber takes action to fix unsafe cars rented to Singapore drivers
SINGAPORE (Reuters) - Uber Technologies Inc said on Friday it has taken action to fix defective cars that it had rented to drivers in Singapore and was coordinating with regulators in the city state to resolve any concerns. The Wall Street Journal earlier quoted internal Uber emails and documents sh...
Boeing wins $409 million contract to develop next-generation technologies: Pentagon
WASHINGTON (Reuters) - Boeing Co (BA.N) has been awarded a $409 million Air Force contract for next-generation thermal, power and controls, part of a government and industry joint effort to develop revolutionary and innovative technologies, the Pentagon said on Thursday. Reporting by David Alexander...
Yelp to sell Eat24 for $287.5 million, authorizes share repurchase
SAN FRANCISCO (Reuters) - Yelp Inc (YELP.N) said on Thursday it would sell its Eat24 business to Grubhub (GRUB.N) for $287.5 million in cash, as it posted revenue that beat expectations, news that sent Yelp's shares up 19 percent. The consumer review website operator also said its board had authoriz...
GoPro's loss much smaller than estimates, shares surge 12 percent
(Reuters) - GoPro Inc (GPRO.O) reported a much smaller-than-expected quarterly loss, as it sold more flagship cameras internationally while the company reined in costs as part of its goal to return to profitability in 2017. The company's shares jumped 12 percent to $9.28 in after-market trading. GoP...
Activision Blizzard's FY forecasts get a lift from 'Overwatch'
(Reuters) - Activision Blizzard Inc raised its full-year adjusted revenue and profit forecasts for the second time on Thursday, as the videogame publisher benefits from higher digital sales and the popularity of its multi-player futuristic game "Overwatch". The company raised its full-year adjusted ...
Cyber researcher arrested on charges related to Kronos malware: filing
SAN FRANCISCO (Reuters) - A British-based computer researcher has been arrested by U.S. authorities on charges that he conspired to advertise and sell Kronos banking malware, a court filing unsealed on Thursday showed. Marcus Hutchins was detained in Las Vegas this week after attending the annual De...