Technology News

#NoRussiaNoGames: Twitter 'bots' boost Russian backlash against Olympic ban

MOSCOW (Reuters) - What began as a grassroots online campaign featuring a schoolboy has grown into a mass hashtag protest against Russia’s exclusion from the Winter Olympics - backed by what appear to be fake Twitter accounts and users connected to past pro-Kremlin causes. Many ordinary Russians are undoubtedly upset about an International Olympic Committee (IOC) decision to ban Russia’s team from the Pyeongchan...

08 Dec 3:53 PM 0 Read More...

NiceHash says attacked probably from non-EU IP address

LJUBLJANA (Reuters) - A Slovenian cryptocurrency mining marketplace, NiceHash, which lost about $64 million worth of bitcoin in a hack on its payment system on Wednesday, said the attack was probably made from a non-EU IP address. NiceHash matches people looking to sell processing time on computers in exchange for bitcoin. “It is very probable that the attack was made from an IP address outside the EU,” head ...

08 Dec 1:20 PM 0 Read More...

Ericsson may make Digital goodwill impairment after revamp

STOCKHOLM (Reuters) - Ericsson said on Friday it may have to book a goodwill impairment in its struggling digital services and media businesses, potentially hitting the Swedish mobile network equipment maker’s operating income but not its cashflow. Once the world’s biggest manufacturer of mobile network gear, Ericsson has been hit by competition from Huawei and Nokia while telecom operator spending has slumped ah...

08 Dec 10:35 AM 0 Read More...

Toshiba, Western Digital aiming to settle chip dispute next week: sources

TOKYO (Reuters) - Toshiba Corp (6502.T) and Western Digital Corp (WDC.O) have agreed in principle to settle a dispute over the Japanese firm’s plans to sell its $18 billion chip unit and aim to have a final agreement in place next week, sources familiar with the matter said. The board of the embattled Japanese conglomerate approved a framework for a settlement on Wednesday, one of the sources said. The potential fo...

08 Dec 7:27 AM 0 Read More...

SoftBank to invest $300 million in food delivery firm DoorDash: Recode

(Reuters) - SoftBank Group Corp plans to invest around $300 million into DoorDash, a San Francisco-based food delivery startup, Recode reported. The investment will be made from SoftBank's Vision Fund, which has raised close to $100 billion to invest in technology companies, Recode also reported. bit.ly/2B19QMQ SoftBank and the on-demand restaurant delivery service were not immediately available for comment. Reportin...

08 Dec 4:59 AM 0 Read More...

Toshiba, Western Digital agree in principle to settle chip dispute: sources

TOKYO (Reuters) - Toshiba Corp (6502.T) and business partner Western Digital Corp (WDC.O) have agreed in principle to settle a dispute over the embattled Japanese conglomerate’s plans to sell its $18 billion chip unit, sources with direct knowledge of the talks said. Toshiba’s board has approved a framework for a settlement and is aiming to reach a final agreement by next week, one of the sources said. The potent...

08 Dec 4:55 AM 0 Read More...

Alibaba redraws retail fault lines with bricks-and-mortar push

HANGZHOU, China (Reuters) - In a small village shop near the eastern Chinese city of Hangzhou, store owner Lu Qiwei uses his smartphone to place orders to refill stocks of instant noodles, rice and drinks. Lu, 61, says he didn’t own a phone two years ago, but he’s now one of 600,000 people using a supply chain app made by e-commerce giant Alibaba Group Holding Ltd (BABA.N), aimed at drawing millions of Chinese mo...

08 Dec 12:27 AM 0 Read More...

AT&T/Time Warner antitrust trial set for March

WASHINGTON (Reuters) - The trial to determine if the U.S. Department of Justice can stop AT&T Inc’s $85 billion purchase of media company Time Warner Inc will begin on March 19, a federal judge in Washington said during a hearing on Thursday. The trial date is almost midway between the Feb. 20 date AT&T had requested and the U.S. government’s preferred date of May 7. Judge Richard Leon said he would likel...

07 Dec 9:09 PM 0 Read More...

Budweiser maker Anheuser-Busch reserves 40 Tesla electric trucks

(Reuters) - Budweiser beer maker Anheuser-Busch has reserved 40 Tesla Inc all-electric Semi trucks as it seeks to reduce fuel costs and vehicle emissions, the brewer said on Thursday. It was one of the largest publicly announced orders Tesla has received for its electric trucks, which are scheduled to be in production by 2019. “At Anheuser-Busch, we are constantly seeking new ways to make our supply chain more sus...

07 Dec 8:52 PM 0 Read More...

Exclusive: Uber's Chinese rival Didi Chuxing to enter Mexico next year - sources

MEXICO CITY/SAN FRANCISCO (Reuters) - Didi Chuxing, China’s ride-hailing behemoth, plans to expand into Mexico next year, intensifying its global rivalry with Uber, according to two sources familiar with the plans. Didi has spoken before of global ambitions, but has not formally announced where or when it would expand. The Chinese company is the second-most highly valued, venture-backed private firm in the world, a...

07 Dec 8:35 PM 0 Read More...