Technology News

Snap CFO Tim Stone to resign, shares drop 8 percent

(Reuters) - Chief Financial Officer Tim Stone will be leaving Snap Inc (SNAP.N) less than a year after taking the job, the company said on Tuesday, the latest in a string of executive departures from Snap over the past year. Shares of Snap dropped 8 percent to $6.02 in after market trading. Stone's departure is not related to any disagreements with the company, which owns popular photo messaging app Snapchat, Snap sa...

15 Jan 11:42 PM 0 Read More...

VW, Ford team up on trucks, eye deals on EVs, self-driving cars

DETROIT (Reuters) - Volkswagen AG (VOWG_p.DE) and Ford Motor Co (F.N) said on Tuesday they will join forces on commercial vans and pickups and are exploring joint development of electric and self-driving technology, actions meant to save the automakers billions of dollars. Ford and VW announced their partnership against the backdrop of the Detroit auto show. The tie-up, which starts with sales of vans and medium-size...

15 Jan 9:10 PM 0 Read More...

Apple loses bid to undo $440 million judgment in VirnetX patent case

(Reuters) - A U.S. appeals court on Tuesday upheld a judgment worth $440 million that was won by intellectual property licensing firm VirnetX Inc against Apple Inc in a patent infringement case. The U.S. Court of Appeals for the Federal Circuit denied Apple’s appeal of a 2016 jury verdict originally valued at $302 million that grew to $440 million with interest, enhanced damages, and other costs. The same patent c...

15 Jan 3:42 PM 0 Read More...

U.S. charges hacker, traders for infiltrating SEC database

(Reuters) - A Ukrainian computer hacker and several others were charged by U.S. authorities on Tuesday over their alleged roles in a scheme to trade on nonpublic corporate earnings news obtained by infiltrating a U.S. Securities and Exchange Commission database. The charges follow the SEC’s announcement in September 2017 that it had uncovered a hacking from the prior year into Edgar, its corporate filing database u...

15 Jan 3:40 PM 0 Read More...

Walgreens and Microsoft partner to develop digital healthcare services

(Reuters) - Drugstore chain Walgreens Boots Alliance Inc and Microsoft Corp said on Tuesday they have entered a seven-year agreement to research and develop new methods of delivering healthcare services through digital devices. As a part of the deal, the companies will focus on virtually connecting people with Walgreens stores and provide services on therapeutic areas ranging from preventative self-care to chronic di...

15 Jan 3:37 PM 0 Read More...

Sunrise, Salt Mobile tee up for Swiss 5G mobile auction

ZURICH (Reuters) - Rivals Sunrise Communications and Salt Mobile plan to vie for spectrum needed to provide fifth-generation (5G) mobile services in a Swiss auction this month that is also likely to include market leader Swisscom. Telecoms operators are keen to get 5G spectrum for an edge in new digital services such as powering the Internet of Things, industrial automation and autonomous vehicles. The Federal Offi...

15 Jan 3:32 PM 0 Read More...

Belarus allows traders to buy shares with bitcoin

MINSK (Reuters) - Belarus launched a platform on Tuesday allowing traders to buy shares, gold, foreign exchange and other traditional assets with cryptocurrencies, which it says is the world’s first regulated tokenized securities exchange. Belarus has developed a flourishing IT industry and launched a series of business-friendly reforms after a 2015-2016 recession. It passed a law in December 2017 on cryptocurrenci...

15 Jan 3:28 PM 0 Read More...

Netflix raises prices for U.S. subscribers

(Reuters) - Netflix Inc (NFLX.O) said on Tuesday it had raised prices for its U.S. subscribers by 13 percent to 18 percent, as the video streaming service spends heavily on original content and expands internationally. Netflix raised the price on the standard plan, its most popular, to $12.99 per month from $10.99. Its top-tier plan, which allows streaming on four screens in high definition, will be raised to $15.99 ...

15 Jan 3:14 PM 0 Read More...

Volkswagen, Ford set alliance centered on vans, pickups

DETROIT (Reuters) - Volkswagen AG (VOWG_p.DE) and Ford Motor Co said on Tuesday they will join forces on commercial vans and pickups and also that they were exploring shared development of electric and self-driving technology, actions meant to save the automakers billions of dollars. Ford and VW announced their partnership against the backdrop of the Detroit auto show. The partnership, which starts with sales of vans...

15 Jan 1:46 PM 0 Read More...

TD Ameritrade taps Apple Pay for instant fund transfers to accounts

(Reuters) - Brokerage firm TD Ameritrade Holding Corp is tapping Apple Inc to help solve a problem that has lingered for decades: how to get money into a brokerage account and make it available to trade with on the same day. The Omaha, Nebraska-based financial firm said on Tuesday it was allowing customers to fund their accounts with a debit card in their Apple Pay digital wallets. Using the wallet and a system calle...

15 Jan 12:27 PM 0 Read More...