Technology News

Broadcom unveils 11-nominee slate for Qualcomm board

(Reuters) - Chipmaker Broadcom Ltd (AVGO.O) took its first formal step toward a hostile bid to take over Qualcomm Inc (QCOM.O) on Monday, unveiling a slate of 11 nominees to the board of the U.S. semiconductor firm. Qualcomm confirmed receiving the list, saying Broadcom’s action was a “blatant attempt to seize control of the Qualcomm board in order to advance Broadcom’s acquisition agenda.” Qualcomm rejected ...

04 Dec 1:46 PM 0 Read More...

Ireland expects Apple back tax in escrow account in first quarter, 2018: minister

BRUSSELS (Reuters) - Ireland expects iPhone maker Apple to start paying up to 13 billion euros ($15.4 billion) in back taxes into an escrow account in the first quarter of 2018, the finance minister said on Monday. The European Commission said the record sum was the result of Apple receiving unfair tax incentives from Ireland. More than a year after the EU order, Dublin’s slow pace in recovering the money has lande...

04 Dec 1:35 PM 0 Read More...

Bitcoin dips below $11,000 after setting another record high

LONDON (Reuters) - Bitcoin dipped back under $11,000 on Monday, coming off a record high just shy of $11,800 it hit on Sunday after a surge from less than $1,000 at the start of the year. The cryptocurrency, which trades 24 hours a day and seven days a week, climbed as high as $11,799.99 on the Luxembourg-based Bitstamp exchange at around 2100 GMT on Sunday. It was not clear what caused the move higher over the wee...

04 Dec 1:21 PM 0 Read More...

Uber joins forces with global public transport association

BRUSSELS (Reuters) - Ride-hailing app Uber [UBER.UL] said on Monday it was joining a global public transport association to improve mobility in the cities it operates in. Uber also said it was joining the International Association of Public Transportation (UITP) to connect more people to public transport. Andrew Salzberg, Uber’s head of transportation policy and research, said aligning the company with public trans...

04 Dec 5:34 AM 0 Read More...

Broadcom set to unveil challenge to Qualcomm's board: sources

(Reuters) - Chipmaker Broadcom Ltd (AVGO.O) will take its first formal step on Monday toward a hostile bid to take over Qualcomm Inc (QCOM.O), unveiling nominees whom Qualcomm shareholders can vote on to replace the U.S. semiconductor company’s board of directors, according to people familiar with the matter. Broadcom’s move comes after Qualcomm rejected its $103 billion cash-and-stock bid last month. Qualcomm sh...

04 Dec 1:37 AM 0 Read More...

Growth, healing: New CEO faces twin tests at India's Infosys

MUMBAI (Reuters) - After well over a decade with Capgemini, Salil Parekh is returning home to head unsettled Indian software services firm Infosys, where he will seek to replicate his success in notching up record growth at the divisions he ran. Alongside, Parekh has to help the bellwether of India’s $154 billion software services sector recover from a nasty public spat between its board and founders that led to th...

04 Dec 1:35 AM 0 Read More...

Australia to probe Facebook, Google over media disruption

SYDNEY (Reuters) - Australia’s competition regulator said on Monday it would investigate whether U.S. online giants Facebook and Alphabet Inc’s Google had disrupted the news media to the detriment of publishers and consumers. Like their rivals globally, Australia’s traditional media companies have been squeezed by online rivals, as advertising dollars have followed eyeballs to digital distributors such as Googl...

04 Dec 12:20 AM 0 Read More...

Facebook opens new London HQ, to create 800 UK jobs

LONDON (Reuters) - Facebook opens its new London office on Monday and said it would add 800 more jobs in the capital next year, underlining its commitment to Britain as the country prepares for Brexit. The social network said more than half of the people working at the site in central London will focus on engineering, making it Facebook’s biggest engineering hub outside the United States. It will also house Faceb...

04 Dec 12:05 AM 0 Read More...

TIM's board to discuss network options this week: source

MILAN (Reuters) - The board of Telecom Italia (TIM) will this week discuss options for its fixed-line network, including possibly splitting it off, although no decision is expected to be made, a source close to the company said on Sunday. Italian politicians and rival firms have long called on the former monopoly to separate and upgrade its network, an asset some analysts have valued at up to 15 billion euros ($18 bi...

03 Dec 3:22 PM 0 Read More...

Apple's Tim Cook says developers have earned $17 billion from China App Store

WUZHEN, China (Reuters) - Apple Inc’s chief executive Tim Cook said developers using its platform in China number 1.8 million and have earned a total 112 billion yuan ($16.93 billion), representing roughly a quarter of total global App Store earnings. Cook shared the data on Sunday during a speech at China’s top public cyber policy forum, organized by the Cybersecurity Administration of China (CAC), which oversee...

03 Dec 4:38 AM 0 Read More...