Technology News

Toshiba shares jump on report that auditor to sign off on results

TOKYO (Reuters) - Toshiba Corp's auditor will sign off on its annual financial results after months of being at odds with the embattled conglomerate - in a step that would lessen the risk of a delisting, the Nikkan Kogyo Shimbun newspaper reported on Monday. The report sent shares in Toshiba jumping 7 percent in morning trade. PricewaterhouseCoopers Aarata (PwC) has not endorsed Toshiba's books since being appointed ...

07 Aug 2:44 AM 0 Read More...

U.S. cable firms embrace former foe Netflix as TV viewing shifts

(Reuters) - A growing number of U.S. cable operators are forming alliances with Netflix Inc NFLX.O, a shift that is helping the streaming pioneer add customers as its largest single market matures. No. 3 distributor Charter Communications Inc CHTR.O is expected to make Netflix available through its set-top boxes, joining more than a dozen top U.S. pay television operators adopting a model first rolled out in Europe. ...

06 Aug 5:35 AM 0 Read More...

Google tests publishing tech similar to Snapchat: source

(Reuters) - Alphabet Inc's Google is developing technology that media companies could use to create stories similar to those found on Snapchat's "Discover" platform, a person familiar with the plans said on Friday. Google's project, dubbed "Stamp," is in the early stages of testing with publishers, said the person, who spoke on condition of anonymity. Tech firms including Google, Snapchat's owner Snap Inc and Facebo...

04 Aug 11:24 PM 0 Read More...

Apple to launch watches that can make calls: Bloomberg

(Reuters) - Apple Inc plans to release a version of its smartwatch later this year that can connect directly to cellular networks, Bloomberg reported on Friday, citing people familiar with the matter. Some of the new models for the Apple Watch will be equipped with LTE chips and be able to perform many tasks without needing an iPhone to be in range, the Bloomberg report said. bloom.bg/2ff0K5P Currently, the Apple Wat...

04 Aug 9:20 PM 0 Read More...

Volkswagen brand CEO says Tesla has abilities Volkswagen lacks

FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) the world's largest carmaker by sales, is looking to loss-making startup Tesla (TSLA.O) for inspiration on how to improve its core business, the VW brand's chief executive Herbert Diess said in an interview published on VW's website. Asked who VW’s main competitors are, Diess told an internal company publication: “In the old world it is Toyota, Hyundai, and the French...

04 Aug 6:17 PM 0 Read More...

Google developing technology for Snapchat-like media content: Wall Street Journal

(Reuters) - Alphabet Inc's Google is developing technology to create media content along the lines of Snap Inc's "Discover" platform, the Wall Street Journal reported, citing people familiar with the matter. Google has been in discussions with several publishers, including Vox Media, the Washington Post and Time Inc, for the project, the Journal said on Friday. (on.wsj.com/2vAc6rY) The project, dubbed "Stamp", could ...

04 Aug 6:08 PM 0 Read More...

Viacom's weak forecast shows need for merger: analysts

NEW YORK (Reuters) - Viacom Inc (VIAB.O) could gain a leg up in negotiations with distributors and ward off declines in U.S. ad revenue and sales by finding a merger partner, analysts said on Friday. Shares of Viacom, which owns MTV and Comedy Central, plunged as much as 13 percent on Friday, a day after it forecast lower sales to U.S. pay-TV companies and streaming video services this quarter. Viacom, like other U....

04 Aug 5:35 PM 0 Read More...

Elliott discloses NXP stake, Qualcomm's $38 billion bid in its radar

(Reuters) - Activist investor Elliott Management Corp on Friday disclosed a 6 percent stake in chipmaker NXP Semiconductors NV (NXPI.O), which is being bought by Qualcomm Inc (QCOM.O) for $38 billion, and indicated it could engage in talks to boost the offer price. Elliott's stake makes it NXP's largest shareholder, and the hedge fund's biggest semiconductor campaign to-date. The fund said in a filing that it believe...

04 Aug 4:07 PM 0 Read More...

Viacom shares tumble 13 percent on affiliate sales woes

NEW YORK (Reuters) - Shares of Viacom Inc (VIAB.O) fell 13 percent on Friday, a day after the owner of MTV and Comedy Central forecast lower sales to U.S. pay-TV companies and streaming video services this quarter. U.S. television networks have come under pressure as viewers shift to watching shows and movies on phones and tablets and streaming services like Netflix Inc (NFLX.O) and Amazon.com Inc (AMZN.O) provide t...

04 Aug 2:55 PM 0 Read More...

Uber knowingly rented out faulty cars, WSJ says; firm says problem fixed

SINGAPORE (Reuters) - Uber Technologies Inc [UBER.UL] knowingly rented its drivers defective cars at risk of catching fire, the Wall Street Journal reported on Friday, and the ride-hailing firm said it moved to fix the problem after one of the vehicles suffered a blaze. The Journal cited internal emails and documents showing Uber's Singapore unit bought more than 1,000 Vezel sport-utility vehicles that maker Honda Mo...

04 Aug 2:23 PM 0 Read More...