Reuters - Technology Report

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Friday, August 25, 2017

Samsung leader Jay Y. Lee given five-year jail sentence for bribery

SEOUL (Reuters) - The billionaire head of South Korea's Samsung Group, Jay Y. Lee, was sentenced to five years in jail for bribery on Friday in a watershed for the country's decades-long economic order dominated by powerful, family-run conglomerates.

Russian hackers feel the heat as Trump seeks warmer Moscow ties

MOSCOW/SAN FRANCISCO (Reuters) - When Alexander Vinnik was arrested on money-laundering charges at a Greek hotel in late July, the status of his Jabber secure online messaging account was set to "away".

Exclusive: Tesla's 'long-haul' electric truck aims for 200 to 300 miles on a charge

SAN FRANCISCO (Reuters) - Tesla Inc next month plans to unveil an electric big-rig truck with a working range of 200 to 300 miles, Reuters has learned, a sign that the electric car maker is targeting regional hauling for its entry into the commercial freight market.

Western Digital won't seek management role in Toshiba chip business: sources

TOKYO (Reuters) - Western Digital Corp , part of a group offering to buy Toshiba Corp's memory chip unit, is not seeking a management role in the business, people familiar with the matter told Reuters on Friday.

Amazon to cut Whole Foods prices, escalating grocery turf war

(Reuters) - Amazon.com Inc said it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market Inc , sending shares of rival grocers tumbling on fears that brutal market share battles will intensify.

China's JD.com invests in Indonesia's Go-Jek amid SE Asia push: sources

HONG KONG (Reuters) - JD.com Inc has invested in Indonesian ride-hailing startup Go-Jek, people familiar with the matter told Reuters, in the latest move by China's second-largest e-commerce firm to tap growth in Southeast Asian mobile-based services.

Italian government to discuss Vivendi's influence on Telecom Italia

ROME (Reuters) - The Italian government will meet on Friday to discuss the growing influence of France's Vivendi in Telecom Italia and whether Rome can exercise special powers over the phone group, a government source said on Friday.

Challenges ahead as Nilekani takes on second innings at Infosys

MUMBAI/BENGALURU (Reuters) - The return of former boss Nandan Nilekani to Infosys is intended as a return to normality for investors and the tech company's 200,000 employees, drawing a line under the bitter public battle between board members and founders.

In wake of Foxconn deal, Wisconsin and Illinois vie for jobs

CHICAGO (Reuters) - The pledge by Taiwan's Foxconn to build a $10 billion factory in southern Wisconsin has ignited cross-border competition with Illinois over which state’s residents will get the jobs created by the project.

Ride hailing firm Grab commits $100 million to expand in Myanmar

SINGAPORE (Reuters) - Ride-hailing firm Grab, the main Southeast Asian rival of Uber Technologies Inc [UBER.UL], said it would commit $100 million over the next three years to deepen its presence in Myanmar, grow to more cities and roll out its other services.