SINGAPORE (Reuters) - A minority investor in Samsung Electronics Co Ltd said on Thursday it supports proposals submitted by U.S. hedge fund Elliott Management for restructuring the South Korean technology giant to improve shareholder value.
Twitter drops 9 percent after report that Google won't bid
SAN FRANCISCO (Reuters) - Shares of Twitter slumped 9 percent late on Wednesday after Recode reported that Google, owned by Alphabet , would not move forward with a bid to acquire the social network.
Samsung Elec says carefully considering Elliott's proposals
SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd said on Thursday it is carefully considering proposals by U.S. hedge fund Elliott Management and said it "believes in constructive and open dialogue" with investors.
Exclusive: Twitter to conclude sale deliberations this month - sources
(Reuters) - Twitter Inc has told potential acquirers it is seeking to conclude negotiations about selling itself by the time it reports third-quarter earnings on Oct. 27, according to people familiar with the matter.
Lenovo to take over Fujitsu's PC business: Nikkei
TOKYO (Reuters) - China's Lenovo Group Ltd is set to take over the personal computer operations of Fujitsu Ltd as the Japanese company seeks to focus on IT services and other higher-priority businesses, the Nikkei business daily reported on Thursday.
Samsung Electronics to acquire artificial intelligence firm Viv, run by Siri co-creator
SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd said on Thursday it is acquiring U.S. artificial intelligence (AI) platform developer Viv Labs Inc, a firm run by a co-creator of Apple Inc's Siri voice assistant program.
Chip equipment maker Lam Research ends deal for KLA-Tencor
(Reuters) - Semiconductor equipment maker Lam Research said on Wednesday it had terminated a $10.6 billion deal to buy rival KLA-Tencor Corp.
Dialog Semi reviews guidance as Chinese holiday boosts third quarter sales
FRANKFURT (Reuters) - Dialog Semiconductor , the maker of chips used in Apple and Samsung Electronics' smartphones, said it was reviewing its full-year guidance after a Chinese holiday helped bolster third-quarter sales.
Exclusive: Twitter to conclude sale deliberations this month - sources
(Reuters) - Twitter Inc has told potential acquirers it is seeking to conclude negotiations about selling itself by the time it reports third-quarter earnings on Oct. 27, according to people familiar with the matter.
U.S. activist Elliott urges overhaul at Samsung Electronics
(Reuters) - U.S. hedge fund Elliott Management is urging changes at Samsung Electronics Co Ltd, calling on the South Korean tech giant to streamline its structure and to pay out a special dividend.
Southwest flight evacuated after replaced Note 7 catches fire: Verge
(Reuters) - A Southwest Airlines Co flight to Baltimore was evacuated on Wednesday after a replaced Samsung Electronics Co Ltd Note 7 device started emitting smoke while the plane was at the boarding gate, according to the Verge.
Blue Origin successfully tests capsule safety, lands booster
(Reuters) - A rocket owned by Jeff Bezos' space company Blue Origin blasted off from Texas on Wednesday and then landed itself intact, even though engineers had expected it to crash after an important demonstration of how its unmanned crew capsule could fly away from the rocket in an emergency.
Fiat Chrysler to face U.S. shareholder claims over safety compliance
NEW YORK (Reuters) - A federal judge on Wednesday said Fiat Chrysler Automobiles NV must face part of a lawsuit accusing the automaker of defrauding U.S. shareholders by making false and misleading statements about its ability to comply with vehicle safety laws.
Maryland man charged with theft of classified government material
WASHINGTON (Reuters) - The U.S. Justice Department charged a Maryland man with theft of classified government material, according to a criminal complaint unsealed on Wednesday.
Google makes progress on self-driving cars, hits 2 million mile mark
MOUNTAIN VIEW, Calif. (Reuters) - Google's self-driving vehicles are mastering complex situations on public roads, from cars going the wrong way to bicycles darting in front of traffic, as the technology company strives to win the high-profile race to achieve full vehicle automation, executives said...
Billionaire investor Draper leads $4.2 million funding in U.S. blockchain start-up
NEW YORK (Reuters) - Texas-based Factom, Inc., a blockchain technology company that secures data, said on Wednesday it has raised $4.2 million in financing from a slew of global investors led by billionaire investor Tim Draper.
Clearpath Robotics gets $30 million funding for industrial robots
TORONTO (Reuters) - Canada's Clearpath Robotics has raised $30 million from backers including the venture arms of Caterpillar and its customer General Electric Co to expand its industrial robot business, the company said on Wednesday.
Irish Data Protection Commissioner examining Yahoo email scanning report
DUBLIN (Reuters) - Ireland's Data Protection Commissioner is examining a report that Yahoo Inc scanned emails for U.S. intelligence officials and said it would view any infringement of EU citizens' privacy rights as a "matter of considerable concern".
Amazon launches reading feature for U.S. Prime members
(Reuters) - Amazon.com Inc on Wednesday launched a new feature for its U.S. Prime members called Prime Reading, which provides members a selection of reading materials that includes Kindle books and magazines at no additional cost.
Discount-tracking app thrives from Russian slowdown
MOSCOW (Reuters) - A mobile phone application that helps Russian shoppers find the best discount deals in supermarkets has reached more than two million users, tapping into a new mood of thrift after the worst economic crisis in years hit Russia.
Electric car revolution brightens outlook for a medley of metals
LONDON (Reuters) - Electric cars such as the Nissan Leaf may look no different from the standard family runaround. But the new materials that go into them could revolutionize the market for metals used in the industry, opening up a new field for commodities investors.
Even with rising wages, robot revolution skips restaurants
LOS ANGELES/SAN FRANCISCO (Reuters) - Clamshell grills are making burger flipping obsolete at McDonald’s, Johnny Rockets and other burger chains. Digital kiosks, tabletop tablets and mobile phones are taking orders at eateries like Panera, Chili’s Grill & Bar and Domino’s. And ...
Nokia buys base station energy solutions start-up
HELSINKI (Reuters) - Telecoms network maker Nokia said on Wednesday it had acquired Eta Devices, a U.S.-based start-up specializing in power amplifier efficiency solutions for network base stations.
At Samsung, strong Q3 chip sales to ease sting of Note 7 hangover
SEOUL (Reuters) - Scarred by the global recall of its flagship smartphone, Samsung Electronics Co is set to report on Friday it still expects a small rise in third-quarter profit, analysts say, with healthy sales of memory chips and displays easing the pain.
Honda, Yamaha Motor to hold news conference regarding motorcycle businesses
TOKYO (Reuters) - Japan's Honda Motor Co and Yamaha Motor Co said they would hold a joint news conference at 3:30 p.m. (0630 GMT) on Wednesday concerning their motorcycle businesses.
Samsung Electronics to make Qualcomm Snapdragon 830 chips: Electronic Times
SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd will be the sole contract manufacturer for Qualcomm Inc's next high-end Qualcomm Snapdragon chips, South Korea's Electronic Times reported on Wednesday citing unnamed sources.
Risks growing to telecom operators' defensive models, Citi says
FRANKFURT (Reuters) - Caught between regulators and competitive threats by Internet players, telecom operators globally face harsh choices that could upset their favored status with investors as defensive, dividend-rich stocks, Citi said on Wednesday.
Micron posts smallest revenue decline in a year
(Reuters) - Memory-chip maker Micron Technology Inc reported better-than-expected fourth quarter revenue, which saw its smallest decline in a year, as pricing improves and the personal computer market shows signs of rebound.
Amazon seeks to settle EU antitrust e-book investigation: source
BRUSSELS (Reuters) - Amazon is talking to European Union antitrust regulators about settling a year-long investigation into its e-book deals with publishers without a fine, a person familiar with the matter said on Tuesday.
Exclusive: Yahoo secretly scanned customer emails for U.S. intelligence - sources
SAN FRANCISCO (Reuters) - Yahoo Inc last year secretly built a custom software program to search all of its customers' incoming emails for specific information provided by U.S. intelligence officials, according to people familiar with the matter.