Reuters - Technology Report

Click to View in Browser

Thursday, November 2, 2017

App developer access to iPhone X face data spooks some privacy experts

SAN FRANCISCO (Reuters) - Apple Inc won accolades from privacy experts in September for assuring that facial data used to unlock its new iPhone X would be securely stored on the phone itself.

Bitcoin skyrockets above $7,000 for first time ever

LONDON (Reuters) - Digital currency bitcoin rocketed above $7,000 for the first time ever on Thursday, after a more than sevenfold increase in its value since the start of the year.

U.S. lawmakers release sample of Russian-bought Facebook ads

WASHINGTON (Reuters) - U.S. lawmakers released a batch of Russian-bought Facebook Inc ads on Wednesday that showcased politically charged content allegedly spread on social media by Moscow ahead of the 2016 U.S. election.

Credit Suisse CEO skeptical about Bitcoin 'bubble'

ZURICH (Reuters) - Credit Suisse Chief Executive Tidjane Thiam on Thursday expressed caution about Bitcoin, saying the current interest in the crypto-currency could eventually subside.

Tesla stock falls on Model 3 delays, biggest-ever quarterly loss

SAN FRANCISCO (Reuters) - Tesla Inc on Wednesday pushed back its target for volume production on its new Model 3 sedan by about three months, saying it was difficult to predict how long it would take to fix all production bottlenecks.

Apple market value: We may need a bigger chart

SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook quashed concerns recently about muted demand for the iPhone X, saying pre-orders for the 10th anniversary smartphone were "off the charts," but it might be the company's market capitalization that needs a bigger graph.

Lenovo to buy Fujitsu PC unit stake for up to $269 million; second-quarter profit drops

HONG KONG (Reuters) - Lenovo Group said it had reached an agreement to buy a 51 percent stake in Fujitsu's personal computer unit for up to $269 million, after earlier posting a lower quarterly profit on continued difficulty in the global PC market.

Samsung Electronics names new CFO to manage its $68 billion cash pile

SEOUL (Reuters) - Samsung Electronics Co Ltd on Thursday announced a new chief financial officer (CFO) to be in charge of one of Asia's biggest corporate cash piles, and said it will create a body within the firm to coordinate with tech affiliates.

SoftBank secures $23.3 billion refinancing for Sprint and ARM buys

TOKYO (Reuters) - Japan's SoftBank Group Corp said on Thursday it has secured a 2.65 trillion yen ($23.3 billion) senior loan agreement to refinance the acquisition loans for U.S. telco Sprint Corp and British chip designer ARM.

Ride-hailing firm Grab launches e-wallet for hawker stalls in Singapore

SINGAPORE (Reuters) - Ride-hailing firm Grab launched its GrabPay digital wallet for hawker stalls, restaurants and shops in Singapore, making its latest big push into electronic payments as part of its efforts to expand beyond transportation services.