Reuters - Technology Report

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Wednesday, August 30, 2017

Bain-led consortium in last-minute $18 billion bid for Toshiba chip unit: source

TOKYO (Reuters) - A consortium led by Bain Capital and including Apple Inc has offered a revised last-ditch bid for Toshiba Corp's prized memory chip unit worth about 2 trillion yen ($18.2 billion), a source with direct knowledge of the matter said.

Google, Apple face off over augmented reality technology

SAN FRANCISCO (Reuters) - Alphabet Inc's Google on Wednesday unveiled tools to make augmented reality apps for mobile devices using the Android operating system, setting up its latest showdown with Apple Inc's iPhone over next-generation smartphone features.

Uber officially welcomes as CEO Expedia's Dara Khosrowshahi

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] officially welcomed its new Chief Executive Dara Khosrowshahi, who has led online travel business Expedia Inc for 12 years, in a note sent to employees of the world's biggest ride-services company late on Tuesday.

U.S. probes Uber for possible bribery law violations

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] said on Tuesday it was cooperating with a preliminary investigation led by the U.S. Department of Justice into possible violations of bribery laws.

Toyota joins Grab's $2.5 billion fund raising, unveils tie-up

TOKYO/SINGAPORE (Reuters) - Toyota Motor Corp's trading arm became the latest participant in ride-hailing firm Grab's current financing round that is expected to raise $2.5 billion, led by Chinese peer Didi Chuxing and Japan's SoftBank Group Corp.

Alphabet's Google acts to comply with EU antitrust order

BRUSSELS (Reuters) - Google has submitted details of how it plans to stop favoring its shopping service to comply with a European Union antitrust order, EU regulators said on Tuesday.

Apple, Accenture team up on iPhone, iPad apps for businesses

(Reuters) - Technology company Apple Inc and professional services company Accenture PLC said Tuesday they will team up to help businesses build better applications for iOS, the operating system that powers Apple's iPhone and iPad.

Whole Foods overall prices still high after selective cuts: analyst

LOS ANGELES (Reuters) - Whole Foods shoppers may be premature in cheering Amazon.com's steep price cuts on staples like bananas, avocados and beef, according to one analysis released on Tuesday that suggested the premium grocery chain has not yet shed its "Whole Paycheck" reputation for lofty prices.

Toshiba may not finalise chip unit sale by August 31 deadline: sources

TOKYO (Reuters) - Toshiba Corp may not seal a $17.5 billion deal to sell its memory chip unit by a self-imposed Aug. 31 deadline due to disagreements over details of an offer by the bidders, people familiar with the matter said late on Tuesday.

Uber to provide free insurance for its drivers in India

NEW DELHI (Reuters) - Global ride-hailing firm Uber Technologies will give free insurance to its 450,000 driver partners in India that will cover death, disability or hospitalization due to accidents, the company said on Tuesday.