Reuters - Technology Report

Click to View in Browser

Tuesday, January 30, 2018

Amid angst over iPhone X, Wall Street braces for weak forecast from Apple

SAN FRANCISCO (Reuters) - When Apple Inc announces its first-quarter earnings on Thursday, investors will seek signs of whether the company's $999 iPhone X launched last autumn was a Steve Jobs-style hit or, as more analysts suspect, a letdown.

SAP forces the pace on cloud, buys $2.4 billion U.S. software firm

WALLDORF, Germany (Reuters) - Europe's top technology company SAP announced a $2.4 billion U.S. acquisition to help it boost revenues from its cloud platform and CEO Bill McDermott said it would streamline its overall business this year to bolster margins.

Uber sells vehicle lease portfolio of unit to startup firm Fair

(Reuters) - Ride-hailing firm Uber on Tuesday said it would sell vehicles and the existing lease portfolio of its auto-leasing business Xchange Leasing to startup digital car marketplace Fair.

Canon sees 2018 profit jumping to decade high on cost cuts, medical unit

TOKYO (Reuters) - Japan's Canon Inc said it expects operating profit to surge in 2018 to its highest level in a decade, helped by cost cuts in its copier and printer business as well as growth in new fields such as medical equipment and surveillance cameras.

Fiat Chrysler, Waymo expand deal for self-driving public ride-hailing service

DETROIT (Reuters) - Fiat Chrysler Automobiles NV (FCA) will provide Waymo with thousands of Pacifica hybrid minivans as Alphabet Inc's self-driving unit begins rolling out its first public ride-hailing service later this year, the companies said on Tuesday.

BP invests $5 million in FreeWire in electric vehicle move

(Reuters) - BP Plc said it had invested $5 million in U.S. mobile electric vehicle charging company FreeWire, helping it provide rapid charging at its retail sites in Britain and Europe, as demand for cleaner vehicles is expected to soar.

Israel's Blockchain Mining looks at Nasdaq, Toronto listings

TEL AVIV (Reuters) - Blockchain Mining Ltd said on Tuesday it was preparing to list its stock on Nasdaq and the Toronto Stock Exchange by July after Israel's market regulator said it might ban companies involved in cryptocurrencies from the Tel Aviv exchange.

California start-up Nuro unveils autonomous delivery van, raises $92 million

SAN FRANCISCO (Reuters) - Silicon Valley start-up Nuro said on Tuesday it raised $92 million to launch a self-driving delivery vehicle, joining automakers, shippers and a host of little-known companies developing autonomous vehicles for local commerce.

Amazon, Berkshire, JPM to partner on cheaper healthcare for staff

(Reuters) - Amazon.com Inc , Berkshire Hathaway and JPMorgan Chase & Co. are teaming up in a new venture aimed at lowering healthcare costs for their U.S. employees, the companies said on Tuesday.

Japan's Renesas dismisses report on talks to buy Maxim

TOKYO (Reuters) - Renesas Electronics Corp dismissed a media report that said the Japanese automotive chip maker was in talks to acquire U.S. chipmaker Maxim Integrated Products Inc.