TOKYO (Reuters) - China regulatory authorities have approved the $18 billion sale of Toshiba Corp's chip unit to a consortium led by U.S. private equity firm Bain Capital, Japanese public broadcaster NHK reported on Thursday, without citing sources.
British gaming firm enlists army of players to create Worlds Adrift
LONDON (Reuters) - British game maker Bossa Studios will release Worlds Adrift on Thursday, an ambitious adventure game designed to appeal to the Minecraft generation that has taken three years and 50,000 gamers to create.
Sleepy pupils in the picture at high-tech Chinese school
BEIJING (Reuters) - High school students in one Chinese school may want to think twice before dozing off in class. Artificially intelligent cameras with facial recognition tools will be watching.
Deutsche Telekom urges affordable terms for 5G spectrum auctions
BONN, Germany (Reuters) - Deutsche Telekom on Thursday urged Germany to auction frequencies for fifth-generation mobile services on reasonable terms to ensure that there is enough money left over to invest in infrastructure.
In Silicon Valley, Chinese 'accelerators' aim to bring startups home
NEW YORK/ SAN FRANCISCO (Reuters) - Beijing's unslakeable thirst for the latest technology has spurred a proliferation of "accelerators" in Silicon Valley that aim to identify promising startups and bring them to China.
Angry Birds maker Rovio gains ground as profits rise
HELSINKI (Reuters) - Rovio Entertainment, the maker of the "Angry Birds" mobile games and movie, posted better than expected quarterly profit on Thursday, representing a fillip to investor confidence dented by a dramatic profit warning in February.
Tencent's market value soars as much as $34 billion after forecast-beating first quarter
HONG KONG (Reuters) - Robust earnings from Tencent Holdings sent its market value surging by as much as $34 billion on Thursday, helping the Chinese technology giant briefly reclaim the mantle of Asia's most valuable listed company.
Angry Birds maker Rovio doubles first-quarter profit
HELSINKI (Reuters) - Rovio Entertainment, the maker of the "Angry Birds" mobile game series and movie, doubled operating profit in the first quarter as growth in its top games offset negative effects from currency exchange rates.
Exclusive: Intel's Mobileye gets self-driving tech deal for 8 million cars
JERUSALEM (Reuters) - Mobileye, Intel Corp's Israel-based autonomous driving unit, has signed a contract to supply eight million cars at a European automaker with its self-driving technologies, a company official told Reuters.
YouTube to launch new music streaming service on May 22
(Reuters) - Google's YouTube said on Wednesday it will launch a new music streaming service, YouTube Music, next week and unveil soon a premium service that will charge more for its original shows.
China's city of Tianjin to set up $16-billion artificial intelligence fund
BEIJING (Reuters) - China's northern port city of Tianjin announced plans on Thursday to set up funds worth 100 billion yuan ($16 billion) to support the artificial intelligence industry, official news agency Xinhua said.
Tencent shares rise after first quarter profit beats
HONG KONG (Reuters) - Shares of Tencent Holdings Ltd opened up 7 percent in Hong Kong on Thursday after it reported better-than-expected first-quarter results.
YouTube to revamp music service, charge more for ad-free shows: Recode
(Reuters) - Google's YouTube is launching a new version of its music service and also getting ready to charge more on its original shows like "Cobra Kai", Recode reported on Wednesday.
Shares of Tencent open 7 percent higher after first quarter profit beats
HONG KONG (Reuters) - Shares of Tencent Holdings Ltd opened up 7 percent in Hong Kong on Thursday after it reported better-than-expected first-quarter results.
Big proxy adviser ISS does not support Facebook's Zuckerberg in proxy vote
BOSTON (Reuters) - Top proxy adviser Institutional Shareholder Services on Wednesday recommended Facebook Inc investors withhold support from five directors including Chief Executive Mark Zuckerberg and vote in favor of shareholder proposals aimed at improving the social media company's response to ...
Mexico central bank estimates hackers hit about $15 million
MEXICO CITY (Reuters) - Mexico's central bank said on Wednesday a cyber attack that has affected a payments system in the country had hit a total of five companies and that an estimated 300 million pesos ($15.33 million) of irregular transactions had been detected so far.
George Soros' bet on Tesla could see other investors follow suit
NEW YORK (Reuters) - If Tesla Inc Chief Executive Elon Musk needs to raise even more money, there may be a way.
Cisco's tepid forecast clouds quarterly beat, shares fall
(Reuters) - Network gear maker Cisco Systems Inc reported third-quarter profit and revenue that topped analysts' estimates on Wednesday, but shares fell 4 percent after dour current-quarter forecasts indicated that the transition to a software-focused business remained a work in progress.
Former Uber cyber security chief Sullivan joining Cloudflare
(Reuters) - Former Uber Technologies [UBER.UL] cyber security chief Joe Sullivan is joining internet security firm Cloudflare Inc as its new chief security officer, a spokeswoman for Cloudflare said on Wednesday.
U.S. court to hear fight over Brazil telecom Oi's bankruptcy plan
SAO PAULO (Reuters) - A U.S. bankruptcy court is set to hear a dispute involving Brazilian telecoms company Oi SA and major shareholder Bratel Brasil SA, Bratel said on Wednesday, as investor discontent with Oi's bankruptcy reorganization process shows no signs of abating.
ISS recommends votes against Facebook CEO Zuckerberg, 4 other directors
BOSTON (Reuters) - Proxy adviser Institutional Shareholder Services on Wednesday recommended investors withhold their support from five Facebook Inc directors, including Chief Executive Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg, citing issues including the social media company's la...
U.S. safety agency sends team to investigate Tesla crash
WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration (NHTSA) has sent a team to investigate the crash of a Tesla Inc vehicle that the driver said occurred while the vehicle was in autopilot mode.
Telecom Italia first quarter earnings fall on golden power provisions
MILAN (Reuters) - Telecom Italia (TIM) on Wednesday reported a bigger-than-expected drop in first-quarter earnings, hit by provisions made for fines Italy imposed on the phone group as part of the so-called golden power decree which the group is appealing.
Cisco quarterly revenue rises 4.4 percent
(Reuters) - Network gear maker Cisco Systems Inc reported a 4.4 percent rise in quarterly revenue on Wednesday, its second straight quarterly rise, driven by strong growth in its newer businesses such as cyber security.
Senate approves bill in bid to retain U.S. net neutrality
WASHINGTON (Reuters) - The U.S. Senate voted 52 to 47 on Wednesday to reverse the Federal Communications Commission decision in December to repeal landmark 2015 net neutrality rules, but it still faces an uphill battle.
FBI chief says agency 'deeply concerned' about any company like China's ZTE
WASHINGTON (Reuters) - FBI Director Christopher Wray told a Senate panel on Wednesday that the law enforcement agency is "deeply concerned" about any company like China's ZTE gaining positions of power in the U.S. telecommunications market.
New York court to hear shareholder objections to Oi bankruptcy plan
SAO PAULO (Reuters) - A New York court is set to hear a dispute involving Brazilian telecoms company Oi SA and major shareholder Bratel Brasil SA, Bratel said in a statement on Wednesday, as shareholder discontent with Oi's bankruptcy recovery process shows no signs of abating.
Square's bitcoin move has caused internal disagreement: CEO Dorsey
NEW YORK (Reuters) - Square Inc's decision to allow users of its mobile app to buy and sell bitcoin this year was a "pretty contentious move within the company" and remains a source of internal tension, the payment processor's CEO Jack Dorsey said on Wednesday.
U.S. net neutrality bill advances in the Senate
WASHINGTON (Reuters) - The U.S. Senate voted 52 to 47 to advance a bill that would reverse the Federal Communications Commission decision in December to repeal landmark 2015 net neutrality rules.
Facebook's Zuckerberg to meet European Parliament over privacy
BRUSSELS (Reuters) - Facebook CEO Mark Zuckerberg will meet the leaders of the European Parliament to answer questions about the improper use of millions of users' data by a political consultancy, as pressure on the company's protection of data continues.