Reuters - Technology Report

Click to View in Browser

Tuesday, October 11, 2016

Samsung halts Galaxy Note 7 sales over fire concerns, maybe for good

SEOUL (Reuters) - Samsung Electronics Co Ltd halted sales of its Galaxy Note 7 smartphones on Tuesday and told owners to stop using them while it investigates reports of fires, fuelling expectations the tech giant will scrap the flagship device.

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.

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.

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.

Verizon may shift holiday marketing away from Note 7: spokeswoman

NEW YORK (Reuters) - Verizon Communications Inc, the largest U.S. wireless carrier, may shift marketing away from Samsung Electronics Co Ltd's troubled Galaxy Note 7 mobile phone heading into the critical holiday selling season, a company spokeswoman said on Monday.

Apple stock hits highest since December on Samsung Note 7 fire crisis

SAN FRANCISCO (Reuters) - Apple Inc's stock on Monday jumped 2.3 percent, reaching a high not seen since December, after rival Samsung Electronics Co Ltd suspended production of its flagship Galaxy Note 7 smartphones following reports of fires in replacement devices.

Salesforce still mulls bid for Twitter as shareholders resist: sources

(Reuters) - Salesforce.com Inc is still deliberating whether it should make an offer for Twitter Inc in the face of resistance from Salesforce shareholders over the strategic merits and valuation of such a deal, people familiar with the matter said on Monday.

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.

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.