Reuters - Technology Report

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Thursday, November 9, 2017

U.S., AT&T at odds over CNN in Time Warner deal

NEW YORK/WASHINGTON (Reuters) - U.S. antitrust regulators and AT&T Inc sparred on Wednesday over whether the wireless carrier would be required to sell Time Warner Inc's CNN cable network as a condition of approval of its deal to buy the media company.

Small banks oppose U.S. regulator offering olive branch to tech sector

NEW YORK/WASHINGTON (Reuters) - Small Main Street banks vowed on Wednesday to fight any review of a ban that prevents retailers such as Wal-Mart Stores Inc and tech companies like Amazon.com Inc from becoming fully fledged banks.

Chip boom drives Toshiba profit surge; raises questions about future earnings

TOKYO (Reuters) - Japan's Toshiba Corp reported a 76 percent jump in second-quarter operating profit on Thursday, driven almost entirely by a strong performance from its memory chip unit which it recently agreed to sell for $18 billion.

China electric car startup Nio raises over $1 billion from Tencent, others: sources

HONG KONG (Reuters) - Chinese electric vehicle startup Nio has raised more than $1 billion in its latest fundraising round, led by existing investor Tencent Holdings Ltd, valuing the firm at about $5 billion, two people with knowledge of the matter said.

Vodafone challenges BT with UK fibre broadband plan

LONDON (Reuters) - Vodafone will partner with fibre network developer CityFibre to bring ultrafast broadband to 5 million UK homes and businesses by 2025, in a direct challenge to dominant rival BT .

Peugeot speeds Opel technology shift to cut emissions

FRANKFURT/PARIS (Reuters) - Peugeot maker PSA Group vowed to move Opel/Vauxhall models onto its own technology faster than initially planned to improve their emissions performance and secure promised savings from its acquisition of the loss-making German carmaker.

Rise of the machines: Philippine outsourcing industry braces for AI

(This version of the story was refiled to fix name of official in paragraphs 13 & 14)

Former Yahoo CEO apologizes for data breaches, blames Russians

WASHINGTON (Reuters) - Former Yahoo Chief Executive Marissa Mayer apologized on Wednesday for two massive data breaches at the internet company, blaming Russian agents for at least one of them, at a hearing on the growing number of cyber attacks on major U.S. companies.

Tencent sees video games, more ads in Snapchat's future

SAN FRANCISCO/HONG KONG (Reuters) - Chinese internet giant Tencent Holdings Ltd said on Thursday it could help Snapchat owner Snap Inc publish video games and improve ad sales after acquiring a 12 percent stake in the U.S. social media network.

FBI may have lost critical time unlocking Texas shooter's iPhone

SAN FRANCISCO/WASHINGTON (Reuters) - For about 48 hours after a deadly rampage at a Texas church, the FBI and other law enforcement agencies did not ask Apple Inc to help them unlock the gunman's iPhone or associated online accounts, a person familiar with the situation told Reuters on Wednesday.