Technology News

Ubisoft delays three releases, lowers 2017/2018 sales outlook

(Reuters) - French video game producer Ubisoft said on Thursday it was delaying the release of three games and lowering its 2017/18 sales outlook. The company now sees 2017/2018 sales of 1.64 billion euros ($1.93 billion), versus its previous goal of 1.70 billion euros. However, it expects its operating margin to be higher than its previous target of 15.9 percent, at 16.5 percent. ($1 = 0.8482 euros) Reporting by Al...

07 Dec 5:15 PM 0 Read More...

Instagram testing standalone Direct messaging app

(Reuters) - Facebook Inc’s Instagram said on Thursday it was testing a standalone messaging app called Direct, making it the company’s third chat tool alongside its hugely popular WhatsApp and Messenger. The move is similar to what Facebook did with its private messaging feature in 2014. “With hundreds of millions of people using Instagram Direct, today we’re announcing a test of a standalone Direct app. It...

07 Dec 5:13 PM 0 Read More...

Uber's license suspended in British city of Sheffield

LONDON (Reuters) - Uber’s license to operate in the northern English city of Sheffield was suspended last Friday after it failed to respond to requests about the management of its taxi app, the local authority said. The firm can continue to operate until Dec. 18 and if it chooses to appeal the suspension, it can still run until that appeal is heard, Sheffield City Council said in a statement on Thursday. “If it d...

07 Dec 4:54 PM 0 Read More...

Silicon Valley meets 'Flash Boys' on new corporate listings program

NEW YORK (Reuters) - A new would-be stock exchange based in Silicon Valley is teaming up with IEX Group, the newest U.S. stock exchange and focus of author Michael Lewis’s book, “Flash Boys: A Wall Street Revolt,” on a corporate listings program, the company said on Thursday. The Long Term Stock Exchange’s (LTSE) listings program will consist of initial public offerings on IEX, pending regulatory approval of ...

07 Dec 4:48 PM 0 Read More...

Key to Pandora's turnaround: a better advertising platform

(Reuters) - Kevin Kleinman, a trader at Watchhimtrade.com, listens to music on Pandora every morning as he executes trades worth millions of dollars. But he will not bet a dime on the music streaming company. Once a Wall-Street darling, Pandora Media Inc (P.N) has struggled as subscribers spend less time on the company’s app, advertising revenue growth declines and investors worry over a management shakeup that saw...

07 Dec 4:47 PM 0 Read More...

EU to intervene in Microsoft's U.S. Supreme Court data protection case

BRUSSELS (Reuters) - The European Union is to make a submission to the U.S. Supreme Court in its hearing of the U.S. Department of Justice’s appeal against a ruling which prevented prosecutors from gaining access to emails held by Microsoft in Ireland. The case has attracted significant attention from technology and media companies due to concerns that an unfavorable final ruling could deter customers from using c...

07 Dec 4:37 PM 0 Read More...

Ford to test new self-driving vehicle technology in 2018

DETROIT (Reuters) - Ford Motor Co (F.N) will begin testing its latest self-driving vehicle technology next year in at least one city but has not changed its plan to begin commercial production until 2021, the company said. The automaker said on Thursday that it would test self-driving prototypes in various pilot programs with partners such as Lyft, the ride services company in which rival General Motors Co (GM.N) own...

07 Dec 4:34 PM 0 Read More...

Apple suppliers gain after Broadcom hint on iPhone

(Reuters) - Shares in Skyworks Solutions Inc (SWKS.O), Cirrus Logic Inc (CRUS.O), and Qorvo Inc traded higher on Thursday after fellow Apple supplier Broadcom Ltd (AVGO.O) hinted the late launch of iPhone X would help revenue rise. “As we look into the first quarter 2018, unlike the last 2 years, we expect wireless revenue to continue to grow sequentially as the ramp in demand from our North American customer this ...

07 Dec 4:19 PM 0 Read More...

BlackBerry, Qualcomm expand partnership to connected automotive

(Reuters) - BlackBerry Ltd (BB.TO) and Qualcomm Inc (QCOM.O) are expanding their partnership to tap the fast-growing connected automotive market, the companies said on Thursday. BlackBerry, which has developed software QNX Hypervisor 2.0 to run complex computer systems in vehicles, said it would use Qualcomm’s hardware in areas such as virtual cockpit controllers, electronic control gateways and infotainment system...

07 Dec 2:46 PM 0 Read More...

German SPD leader takes aim at U.S. tech giants

BERLIN (Reuters) - The leader of Germany’s Social Democrats (SPD) took aim at U.S. technology firms Apple, Facebook and Google on Thursday, saying a strong Europe was needed to make sure they stick to the rules. Martin Schulz, who hopes to persuade his party to approve talks with Chancellor Angela Merkel on forming a new coalition, told a congress of his SPD party that Ireland was complicit in allowing companies li...

07 Dec 11:46 AM 0 Read More...