FRANKFURT (Reuters) - Nokia's Alcatel Submarine Networks (ASN) Unit said on Wednesday it has set a new record for cable transmission capacity for communications traffic - doubling its previous levels - as the company responds to booming demand from Internet firms.
Sprint to raise $3.5 billion through sale, lease-back of airwaves: WSJ
(Reuters) - Sprint Corp , the No. 4 U.S. wireless carrier, is preparing to mortgage a little more than 10 percent of its wireless airwaves to raise cash, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Apple to set up R&D center in Shenzhen, bolster China ties
HONG KONG (Reuters) - Apple Inc will set up a research and development center in China's manufacturing metropolis Shenzhen, the U.S. tech giant said on Wednesday, as the firm looks to spur growth in the world's second largest economy amid growing competition.
Civil liberties group urges Verizon to shore up Yahoo user protection
SAN FRANCISCO (Reuters) - An international civil liberties group that has worked with web companies on human rights and surveillance issues is asking Verizon Communications Inc to examine a secret email scanning program run by its acquisition target Yahoo Inc and improve on its user protection recor...
GM ventures into China car-sharing with investment in app developer
BEIJING (Reuters) - U.S. automaker General Motors Co made its first investment in a Chinese car-sharing start up, the company said on Tuesday, as its attempt to reshape itself as a mobility solutions company spreads around the globe.
Samsung phone recall portends Android turf war
(Reuters) - Samsung Electronics Co Ltd’s abandonment of the Galaxy Note 7 after reports of the phones catching fire will likely touch off a turf war among Android smartphone manufacturers, analysts said, presenting them a rare opportunity to gain share but with less room for arch rival Apple I...
Australia government cyber attack came from foreign intelligence service: report
SYDNEY (Reuters) - A malware attack against Australia's Bureau of Meteorology which might have spread into other government networks originated from a foreign intelligence service, an official report by the country's cyber defense agency said on Wednesday.
Yahoo says working to bring back auto forwarding feature
(Reuters) - Yahoo Inc said it is working to bring back its automatic email forwarding feature after a planned, temporary disablement.
Samsung Electronics opens lower after scrapping Galaxy Note 7
SEOUL (Reuters) - Shares of Samsung Electronics Co Ltd opened weaker on Wednesday, touching a one-month low due to concerns about the firm's prospects after it decided to permanently end sales of its Galaxy Note 7 smartphones.
Facebook's Sandberg says has no plan to work in government
SAN FRANCISCO (Reuters) - Facebook Inc Chief Operating Officer Sheryl Sandberg, who has been mentioned as a potential Treasury Secretary should Democrat Hillary Clinton become the next U.S. president, said on Tuesday she has no plans to go into government.
Toyota raises concerns about California self-driving oversight
WASHINGTON (Reuters) - A Toyota Motor Corp official on Tuesday raised concerns about California's plans to require compliance with a planned U.S. autonomous vehicle safety check list, calling it "preposterous."
Google buys digital marketing company FameBit
(Reuters) - Alphabet Inc's Google said it has bought FameBit, an online technology platform that connects brands with YouTube stars to create promotional content.
Exclusive: BC Partners in lead to acquire CenturyLink's data centers - sources
(Reuters) - Buyout firm BC Partners Ltd is in pole position to acquire a data center business that CenturyLink Inc, a U.S. provider of phone and internet services, is hoping to divest for more than $2.5 billion, people familiar with the matter said.
GM to add 650 jobs at Spring Hill factory to meet SUV demand
(Reuters) - General Motors said it would add a third shift and 650 jobs at its factory in Spring Hill, Tennessee to meet higher demand for its recently launched Cadillac XT5 and GMC Acadia crossover SUVs.
Microsoft: No More Pick-and-Choose Patching
Adobe and Microsoft today each issued updates to fix critical security flaws in their products. Adobe’s got fixes for Acrobat and Flash Player ready. Microsoft’s patch bundle for October includes fixes for at least five separate “zero-day” vulnerabilities — dangerous fl...
Microsoft: No More Pick-and-Choose Patching
Adobe and Microsoft today each issued updates to fix critical security flaws in their products. Adobe’s got fixes for Acrobat and Flash Player ready. Microsoft’s patch bundle for October includes fixes for at least five separate “zero-day” vulnerabilities — dangerous fl...
Electric cars could dominate roads in wealthy cities by 2030: report
LONDON (Reuters) - Electric vehicles could account for two-thirds of all cars on the road by 2030 in wealthy cities such as London and Singapore due to stricter emissions regulation, falling technology costs and more consumer interest, research showed on Tuesday.
Sprint to provide 1 million students with free internet, mobile devices
WASHINGTON (Reuters) - Wireless carrier Sprint Corp on Tuesday pledged to provide 1 million U.S. high school students with free mobile devices and internet access as part of a White House initiative to expand opportunities for lower income kids.
U.S. top court grapples with Apple-Samsung iPhone patent feud
WASHINGTON (Reuters) - The U.S. Supreme Court on Tuesday signaled a willingness to reduce the potentially huge penalties for ripping off a patented design as it heard arguments in the legal fight over the amount Samsung should pay Apple for copying the iPhone's trademarked appearance.
G7 sets cyber-security guidelines for financial sector
WASHINGTON (Reuters) - The Group of Seven industrial powers said on Tuesday they had agreed on guidelines on how to protect the global financial sector from cyber attacks.
Tech company Nanoco says Brexit could limit supply of talent
(Reuters) - Nanoco Group Plc, a technology company spun out of the University of Manchester, said Britain's vote to leave the European Union raised concerns over its ability to attract the foreign talent needed to maintain its development.
Second hacker group targets SWIFT users, Symantec warns
(Reuters) - Cyber-security firm Symantec Corp said on Tuesday that a second hacking group has sought to rob banks using fraudulent SWIFT messages, the same approach that yielded $81 million in the high-profile February attack on Bangladesh's central bank.
Infineon buys Dutch firm in push to control driverless cars
FRANKFURT (Reuters) - Infineon Technologies AG has acquired Dutch electronics company Innoluce BV, a designer of miniature "lidar" laser-scanning modules that the German chip giant says can help it develop affordable sensor systems for driverless cars.
Nanya says size of Micron investment to be determined in early November
TAIPEI (Reuters) - Taiwanese chipmaker Nanya Technology Corp on Tuesday said the number of Micron Technology Inc shares it will buy in an up to T$31.5 billion ($1 billion) private placement will be decided by its U.S. partner around early November.
Alibaba's $60 billion finance arm seeks growth before IPO: sources
SHANGHAI/HONG KONG (Reuters) - Investors gearing up for the initial public offering of Ant Financial, the $60 billion online finance arm spun off by e-commerce giant Alibaba , will have to wait until at least late 2017 as the business puts growth first, sources say.
Note 7 fiasco could burn a $17 billion hole in Samsung accounts
SEOUL (Reuters) - Samsung Electronics' worst-ever recall could cost the company as much as $17 billion after it halted sales of its flagship Galaxy Note 7 for a second time, spelling an almost certain end for the ill-fated premium model.
South Korea regulator says to examine Google's Android agreements
SEOUL (Reuters) - Head of South Korea's antitrust regulator said the agency will closely examine whether Google's agreements with handset manufacturers on the U.S. firm's Android mobile operating system limits market competition.
Takata tumbles after report company weighs U.S. bankruptcy filing
TOKYO (Reuters) - Shares of Takata Corp fell sharply on Tuesday after The Wall Street Journal reported late last week that the troubled Japanese air bag maker is weighing a U.S. bankruptcy filing as one option for clearing a path for an outside investor.
Twitter CEO calls company 'people's news network'
Jack Dorsey, CEO of Twitter, speaks during an interview November 19, 2015. REUTERS/Lucas Jackson/Files
Fiat Chrysler, Cummins spar over costs of diesel emission recall
WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV and engine manufacturer Cummins Inc are fighting over the $200 million estimated cost for a recall of 130,000 Ram pickup trucks equipped with Cummins diesel engines that could exceed U.S. pollution limits.