Reuters - Technology Report

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Tuesday, August 8, 2017

Google fires employee behind anti-diversity memo

(Reuters) - Internet giant Google has fired the male engineer at the center of an uproar in Silicon Valley over the past week after he authored an internal memo asserting there are biological causes behind gender inequality in the tech industry.

Autonomous cars race narrows on doubts about clear path to profit

FRANKFURT/DETROIT (Reuters) - BMW and Daimler, the world's top luxury carmakers, have announced alliances with suppliers, talking up the virtues of having a bigger pool of engineers to develop a self-driving car.

Netflix buys comics publisher Millarworld to feed films and TV

(Reuters) - Netflix Inc on Monday said it has bought comics publisher Millarworld, bringing on board renowned comic book writer Mark Millar and a host of character franchises it can mine for TV shows and movies.

Tesla seeks $1.5 billion junk bond issue to fund Model 3 production

DETROIT (Reuters) - Tesla Inc said on Monday it would raise about $1.5 billion through its first-ever offering of junk bonds as the U.S. luxury electric car maker seeks fresh sources of cash to ramp up production of its new Model 3 sedan.

Online retailer ASOS to open second U.S. distribution center

LONDON (Reuters) - British online fashion retailer ASOS is spending $40 million on a second U.S. distribution center to support strong sales growth in what it hopes will become a major market.

China ride-hailing firm DiDi backs Uber rival Careem

DUBAI/FRANKFURT (Reuters) - DiDi Chuxing, China's largest ride-hailing firm, has invested in Middle East online taxi service Careem in a new partnership deal that marks Didi's latest international expansion against rival Uber.

Three Hungarian banks targeted by phishing attempts: central bank

BUDAPEST (Reuters) - Three major banks in Hungary have experienced a series of targeted phishing attempts in recent months, the central bank said on Tuesday, without naming the lenders involved.

Japan Display may seek outside investor for turnaround: Nikkei

TOKYO (Reuters) - Japan Display Inc is considering seeking funds from an outside investor to help finance an overhaul of its ailing smartphone screen-making business, including 3,500 job cuts, the Nikkei business daily reported on Tuesday.

Online lenders upbeat about turnaround progress, but worries linger

NEW YORK (Reuters) - LendingClub Corp and OnDeck Capital Inc surprised investors on Monday with strong growth forecasts that sent the online lenders' stocks soaring, but analysts said the sector's health was still a concern.

IBM to appeal judge's order to pay $78 million to Indiana

(Reuters) - International Business Machines Corp said on Monday it will appeal an Indiana judge's ruling that calls for the technology company to pay more than $78 million in damages to the state for failing to modernize the government's welfare system.