(Reuters) - French drone maker Parrot aims to return to profitability by 2018 by expanding its commercial drone business, its finance chief said on Wednesday.
U.S. appeals court tosses patent verdict against Apple
(Reuters) - A federal appeals court has thrown out a jury verdict that had originally required Apple Inc to pay $533 million to Smartflash LLC, a technology developer and licenser that claimed Apple's iTunes software infringed its data storage patents.
Oculus cuts price for Rift and Touch
(Reuters) - Facebook Inc's virtual reality unit Oculus said on Wednesday it has cut the all-in price for its Rift and Touch products by $200.
Snap vaults venture investor Lightspeed into the Silicon Valley elite
FILE PHOTO: The logo of messaging app Snapchat is seen at a booth at TechFair LA, a technology job fair, in Los Angeles, California, U.S., January 26, 2017. REUTERS/Lucy Nicholson
McDonald's turns to technology, value to win back lost customers
The sign outside a McDonalds restaurant is seen in Westminster, Colorado, U.S. January 23, 2017. REUTERS/Rick Wilking
Turquoise's block trading platform continues to draw flow
LONDON (Reuters) - The dark pool for large block trades operated by London Stock Exchange's Turquoise platform continued to draw in more investors last month as the industry prepares for a sweeping set of regulations that kick in under a year and are set to significantly alter the market structure l...
Facebook turns to artificial intelligence to tackle suicides
Miniature Facebook banners are seen on snacks prepared for the visit by Facebook's Chief Operating Officer in Paris, France, January 17, 2017. REUTERS/Philippe Wojazer
Twitter turns to algorithms to clamp down on abusive content
The Twitter logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2016. REUTERS/Brendan McDermid/File Photo
Toshiba asks law firm to advise on potential Westinghouse bankruptcy cost: sources
TOKYO (Reuters) - Toshiba Corp has asked a Japanese law firm to help estimate the potential financial impact if it decides its U.S. nuclear unit Westinghouse should file for Chapter 11 protection from creditors, sources with knowledge of the matter said.
Exclusive: Sinclair approaches Tribune Media about possible deal - sources
(Reuters) - Sinclair Broadcast Group Inc has approached rival U.S. broadcaster Tribune Media Co to discuss a potential combination, people familiar with the matter said on Wednesday, a deal that would hinge on existing regulations being relaxed.
Taiwan's Foxconn 'definitely bidding' for Toshiba chip business
Terry Gou, founder and chairman of Taiwan's Foxconn Technology, shown on a screen during the third annual World Internet Conference in Wuzhen town of Jiaxing, Zhejiang province, China November 17, 2016. REUTERS/Aly Song
Wanted: drones to inspect Singapore's underground railway tunnels
SINGAPORE (Reuters) - Singapore is considering using drones and unmanned vehicles to inspect its underground railway tunnels, its transport regulator said on Wednesday, its latest experiment with new technology.
Snap to price long-awaited IPO on Wednesday amid signs of brisk demand
A Snapchat sign hangs on the facade of the New York Stock Exchange (NYSE) in New York City, U.S., January 23, 2017. REUTERS/Brendan McDermid/File Photo
Ofo, Chinese bike-sharing firm, raises $450 million in latest funding round
Students pose for pictures as they use ofo sharing bicycles at a campus in Zhengzhou, Henan province, China, September 6, 2016. China Daily/via REUTERS/File Photo
Snapchat owner Snap Inc said to have worked on drone product: NY Times
(Reuters) - Snapchat's owner Snap Inc has worked on a drone that could help users take overhead videos and photographs and then feed that visual data to the company, the New York Times reported on Tuesday.
Uber's self-driving unit quietly bought firm with tech at heart of Alphabet lawsuit
SAN FRANCISCO (Reuters) - A company now owned by Uber last year quietly bought a small firm specializing in sensor technology used in autonomous vehicles, giving the ride services company a patent in the technology and possibly a defense against a trade secrets theft lawsuit filed against it by riva...
Uber CEO says he must 'grow up' after argument with driver
((Editor's note: Please note language in 6th paragraph that may be offensive to some readers.))
Exclusive: Mexico considered forcing Slim to separate part of America Movil fixed unit - sources
Mexican billionaire Carlos Slim speaks during a news conference in Mexico City, Mexico January 27, 2017. REUTERS/Edgard Garrido
Disruption in Amazon's cloud service ripples through internet
SAN FRANCISCO (Reuters) - Some web surfers on Tuesday experienced glitches on media outlets and other sites whose data is hosted by Amazon.com Inc's popular cloud business, which Amazon said suffered a technical disruption.
YouTube unveils $35-a-month live TV service
LOS ANGELES (Reuters) - Alphabet Inc's YouTube will launch a live TV service in the next few months that offers the four major U.S. broadcast networks plus cable channels, YouTube Chief Executive Susan Wojcicki said on Tuesday.
Salesforce forecasts lower-than-expected first-quarter profit, shares fall
(Reuters) - Salesforce.com Inc forecast a lower-than-expected profit for the first quarter, sending its shares down nearly 2 percent in extended trading on Tuesday.
Angry Birds-dependent games maker Rovio swings to annual profit
HELSINKI (Reuters) - Finnish mobile games and animation studio Rovio Entertainment swung to an annual profit in 2016 as its Angry Birds movie release helped boost its game sales and tackle competition from new challengers such as Nintendo Co's Pokemon GO.
LG Electronics to build $250 million home appliance plant in U.S.
(Reuters) - South Korea's LG Electronics Inc said it would spend $250 million to build a new factory in the United States, in a move that comes amid criticism from U.S. President Donald Trump about companies manufacturing abroad for U.S. consumers.
Starsky Robotics sees 'last mile' solution for driverless trucks
DETROIT (Reuters) - California-based Starsky Robotics said on Tuesday it has a solution to on- and off-highway deliveries by self-driving trucks, including the "last mile" issue for how a driverless vehicle will deliver cargo at its final destination.
Proxy proposal on Apple directors defeated at meeting
CUPERTINO, Calif. (Reuters) - Apple Inc shareholders defeated a proxy proposal on Tuesday at the iPhone maker's annual shareholder meeting that would have let them nominate two directors on the company's board.
New FCC chair vows 'light-touch' approach to regulation
WASHINGTON (Reuters) - The new Republican head of the U.S. Federal Communications Commission promised "light-touch" regulation of areas such as the internet, a dramatic shift away from the Obama administration's approach to telecommunications oversight.
Xbox unveils $9.99 monthly subscription for videogames
(Reuters) - Microsoft Corp's Xbox division said on Tuesday it would launch a $9.99-per-month subscription service that will allow gamers to play over 100 Xbox One and "backward compatible" Xbox 360 videogames.
SoundCloud launches budget plan to attract paying subscribers
FRANKFURT (Reuters) - Music-streaming service SoundCloud launched a budget subscription package on Tuesday, hoping to convert more listeners into paying subscribers and undercutting rivals Apple and Spotify.
Uber says thousands of London drivers threatened by English language test
LONDON (Reuters) - Tens of thousands of London private hire drivers could lose their licenses due to new English reading and writing requirements, taxi app Uber [UBER.UL] said on Tuesday at the start of a court battle to halt the plans.
Satellite operators OneWeb and Intelsat to merge
(Reuters) - OneWeb Ltd, a U.S. satellite venture backed by SoftBank Group Corp, and debt-laden satellite operator Intelsat SA on Tuesday agreed to merge in a share-for-share deal.