Reuters - Technology Report

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Friday, October 7, 2016

Samsung sees third quarter profit jump as chip surge eases smartphone recall blues

SEOUL (Reuters) - South Korea's Samsung Electronics Co expects third-quarter profit grew 5.6 percent, beating estimates, as a pickup in chip and display earnings likely offset the impact of a global smartphone recall that has roiled the tech giant.

Sony to return image sensors to full capacity on smartphone pickup

KIKUYO-MACHI, Japan (Reuters) - Sony Corp's image sensor production will return to full capacity in the October-March half-year due to a pickup in smartphone demand, having spent part of the past year running just under full strength, the head of its chip-making subsidiary said.

Snapchat parent working on IPO valuing firm at $25 billion or more: WSJ

(Reuters) - Photo-sharing app Snapchat's parent is working on an initial public offering that could value the company at $25 billion or more, the Wall Street Journal reported, citing several people familiar with the matter.

Verizon pushes for $1 billion discount on Yahoo deal: New York Post

(Reuters) - Verizon Communications is pressing for a $1 billion discount off its pending $4.8 billion agreement to buy Yahoo , the New York Post reported, citing sources.

United Tech to cut pension liabilities by $1.77 billion

(Reuters) - United Technologies Corp, maker of Pratt & Whitney engines, said on Thursday it would cut the overall size of its pension liabilities by about $1.77 billion in 2016.

America Movil shareholders approve delisting from Nasdaq, Latibex

MEXICO CITY (Reuters) - Shareholders of Mexican telecoms giant America Movil (AMXL.MX) have approved a proposal to delist shares from the Nasdaq and Latibex stock exchanges, the company said in a regulatory filing on Thursday.

Twitter shares plunge on report bidders are scarce

(Reuters) - Twitter Inc shares plunged on Thursday as fears mounted that a much-anticipated auction of the social media company will draw minimal interest from potential buyers.

Apple shares perk up after strong report from iPhone chip supplier

SAN FRANCISCO (Reuters) - Shares of Apple Inc rose 1 percent on Thursday after German supplier Dialog Semiconductor Plc said its quarterly revenue were higher than expected, adding to recent enthusiasm about demand for the newest iPhone.

FCC to vote on revised broadband privacy regulations

WASHINGTON (Reuters) - The U.S. Federal Communications Commission will vote on Oct. 27 on a revised proposal for rules to safeguard privacy of broadband users.

Judge questions Airbnb stance on San Francisco rental law

SAN FRANCISCO (Reuters) - A U.S. judge expressed skepticism toward a bid by Airbnb to halt a San Francisco law that imposes fines on home rental companies for processing bookings by hosts not registered with the city.