Reuters - Technology Report

Click to View in Browser

Wednesday, October 19, 2016

At crisis-hit Samsung, nerves jangle as annual review looms

SEOUL (Reuters) - The next few weeks are traditionally a tense time at Samsung Electronics Co as executives wait to see if their work over the year is rewarded with promotion at the South Korean firm's annual performance review.

Yahoo profit beats Wall St., some analysts worry over effect of hack

SAN FRANCISCO (Reuters) - Yahoo Inc reported better-than-expected quarterly adjusted profit on Tuesday, a boost for the beleaguered company whose deal to sell its core business to Verizon Communications Inc has been shaken by a massive data breach.

Intel's results beat estimates; forecast disappoints

(Reuters) - Intel Corp reported better-than-expected quarterly earnings and revenue, boosted by improving PC demand and growth in its data center and cloud businesses, but its revenue forecast for the current quarter disappointed Wall Street.

Czech police arrest Russian in connection with U.S. hacking attacks

PRAGUE (Reuters) - Czech police have detained a Russian man wanted in connection with hacking attacks on targets in the United States, the police said, without giving further details.

All aboard! Singapore now to try out self-driving buses

SINGAPORE (Reuters) - Singapore signed an agreement on Wednesday to start testing self-driving buses, as the city-state pushes ahead with its vision of using autonomous technology to help deal with the challenges posed by its limited land and labor.

Smartphone component supplier Laird warns of lower FY profit, shares plunge

(Reuters) - Laird Plc , a supplier to smartphone makers including Apple Inc , plummeted in early trading after it warned of lower full-year profit, saying that production growth for mobile devices this year was lagging previous cycles and that it had "poor" visibility on order volumes.

Samsung faces potential class action in U.S. over Note 7

(Reuters) - Samsung Electronics Co Ltd's U.S. unit is facing a proposed class action lawsuit from three Galaxy Note 7 customers, according to a filing in a federal court in Newark, New Jersey.

Tesla says Model 3 deliveries for new bookings in 2018

(Reuters) - Elon Musk's Tesla Motors Inc said on Tuesday customers placing new orders for Model 3 cars will be able to take deliveries only from 2018.

Winklevoss brothers name State Street as bitcoin ETF administrator

NEW YORK (Reuters) - Investors Cameron and Tyler Winklevoss on Tuesday filed amendments to their proposed bitcoin exchange-traded fund, naming State Street as administrator, according to a filing with the Securities and Exchange Commission.

Sharp says expects significant profit improvement, shares surge

TOKYO (Reuters) - Japan's Sharp Corp on Wednesday said it expects significant improvement in annual profit due to restructuring and synergies with new owner Foxconn, sending shares in the display maker soaring more than 10 percent.