Reuters - Technology Report

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Friday, October 21, 2016

No partner in sight, Twitter faces tough solo choices

SAN FRANCISCO/BOSTON (Reuters) - The apparent lack of interest in Twitter Inc by potential suitors may force the social media company to consider a route anathema to aspiring tech startups: a major restructuring and cutting some its nearly 4,000 employees.

Microsoft shares hit high as cloud business flies above estimates

(Reuters) - Microsoft Corp said sales of its flagship cloud product doubled in its first quarter, propelling earnings above analysts' estimates and sending its shares to an all-time high, breaking past a level hit in 1999 at the peak of the tech stock bubble.

Tesla says it will roll out Uber-style ride services program

SAN FRANCISCO (Reuters) - Tesla Motors Inc is planning to roll out a ride services program and will announce details next year, the luxury electric vehicle maker said on its website, a service first outlined by Chief Executive Elon Musk in his master plan in July.

Two-wheel drive: China tech giants bet on 'Uber for bikes' in hunt for next unicorn

HONG KONG (Reuters) - China's tech industry giants are sloughing hundreds of millions of dollars into what they're betting will be the country's next big internet craze - 'Uber for bikes'.

Wal-Mart to invest $50 million in China online grocer New Dada

SHANGHAI (Reuters) - Wal-Mart Stores Inc will invest $50 million in Chinese online grocery and delivery firm New Dada, the U.S. retailer said on Friday, extending its tie-ups with local online players to help boost sales in the world's second-largest economy.

Jaguar Land Rover and Ford test connected cars in Britain

LONDON (Reuters) - Jaguar Land Rover, Ford and Tata Motors are testing connected cars which can communicate with each other using technology designed to speed up journeys and cut accidents, the first such trials in Britain.

Nintendo slides 6 percent after unveiling 'Switch' game console

TOKYO (Reuters) - Shares of Nintendo Co Ltd dropped 6 percent in early trade on Friday after the videogame maker unveiled its next-generation gaming console, called the Nintendo Switch.

U.S. confirms 11th death linked to faulty Takata air bag inflator

WASHINGTON (Reuters) - U.S. safety regulators confirmed late Thursday an 11th death in the United States caused by a ruptured Takata Corp air bag inflator, the latest fatality tied to the largest ever auto safety recall.

Samsung in talks with LG Chem for new smartphone batteries: Nikkei

(Reuters) - Samsung Electronics Co Ltd is in talks with LG Chem Ltd to supply batteries for its new smartphones, the Nikkei newspaper reported, citing sources.

Tesla, rivals joust over how to put self-driving cars on the road

DETROIT/SAN FRANCISCO (Reuters) - Tesla Motors Inc's decision to equip all of its vehicles with self-driving hardware has intensified competition among rival camps of technology and auto companies over what equipment will be on board cars of the future.