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Western Digital to seek injunction to block Toshiba's $18 billion chip unit sale

Tue, 26 Sep 2017 05:05:15 -0400

TOKYO (Reuters) - Western Digital Corp said on Tuesday it will seek an injunction to block the sale of Toshiba Corp's prized semiconductor business to a rival group, upping the ante in an acrimonious battle with its chip venture partner.(image)

Alibaba takes control of logistics business, pledges $15 billion to expand network

Tue, 26 Sep 2017 02:04:00 -0400

HONG KONG (Reuters) - Chinese e-commerce firm Alibaba Group announced it will invest 100 billion yuan ($15.12 billion) over five years to build a global logistics network and also take control of a $20 billion unit, underpinning an aggressive overseas expansion.(image)

Tech stocks sell-off deepens fears of shift away from sector

Mon, 25 Sep 2017 15:52:11 -0400

SAN FRANCISCO (Reuters) - Technology stocks including Facebook , Microsoft and Alphabet dropped sharply on Monday, increasing worries that the top-performing sector is falling out of favor as investors look elsewhere for cheaper opportunities.(image)

Deloitte hacked, says 'very few' clients affected

Mon, 25 Sep 2017 14:06:57 -0400

LONDON/TORONTO (Reuters) - Global accounting firm Deloitte [DLTE.UL] said on Monday it was the victim of a cyber attack that affected the data of a small number of clients, providing few details on the breach.(image)

SEC chairman belatedly learned of 2016 agency hack: testimony

Mon, 25 Sep 2017 18:30:54 -0400

WASHINGTON (Reuters) - The chairman of the U.S. Securities and Exchange Commission belatedly found out in August, about three months after being confirmed, that hackers breached the regulator's database of corporate announcements in 2016, according to prepared congressional testimony seen by Reuters on Monday.(image)

Carnegie Mellon professor named CEO of Canadian AI institute

Mon, 25 Sep 2017 21:28:02 -0400

TORONTO (Reuters) - A Toronto artificial intelligence institute set up in March with more than $150 million of public and private funding has named Carnegie Mellon professor Garth Gibson as its first chief executive.(image)

Apple shares flirt with correction territory

Mon, 25 Sep 2017 19:50:26 -0400

SAN FRANCISCO (Reuters) - Shares of Apple Inc dipped on Monday and flirted with correction territory following a report that the company had told suppliers to scale back shipments of parts for its upcoming iPhone X.(image)

Facebook, Google bound to change handling of politics ads - marketing executives

Mon, 25 Sep 2017 18:11:11 -0400

NEW YORK (Reuters) - Facebook Inc and Alphabet Inc's Google have little choice but to rein in internet political ads in the face of growing U.S. government pressure, a panel of advertising consultants and executives said on Monday.(image)

Uber rival Lyft met London transport officials, documents show

Mon, 25 Sep 2017 15:44:11 -0400

FRANKFURT/LONDON (Reuters) - Lyft, Uber’s closest U.S. rival in the taxi-hailing business, met repeatedly with officials from London's transport regulator over the past year, a sign it may be targeting the city for international expansion.(image)

Dubai starts tests in bid to become first city with flying taxis

Mon, 25 Sep 2017 12:40:23 -0400

DUBAI (Reuters) - Dubai staged a test flight on Monday for what it said would soon be the world's first drone taxi service under an ambitious plan by the United Arab Emirates city to lead the Arab world in innovation.(image)