Reuters - Technology Report

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Wednesday, August 9, 2017

Google's firing of memo writer strikes nerve in Silicon Valley

SAN FRANCISCO (Reuters) - A Silicon Valley culture war pitting liberal-leaning tech firms against a small conservative cohort took on new intensity on Tuesday after Google fired a male engineer for a memo that decried the company's commitment to hiring women.

U.S. card firm Vantiv clinches $10 billion deal to buy Worldpay

LONDON (Reuters) - U.S. credit card processing company Vantiv moved closer to creating a $29 billion global payments powerhouse on Wednesday with a formal offer to buy Britain's Worldpay for 8 billion pounds ($10 billion).

Fidelity allows clients to see digital currencies on its website

NEW YORK (Reuters) - Fidelity Investments Inc has started allowing clients to use its website to view their holdings of bitcoin and other cryptocurrencies held through digital wallet provider Coinbase, the company said on Wednesday.

Hitachi says KKR puts on hold tender offer in planned $2.3 billion takeover of unit

TOKYO (Reuters) - Hitachi Ltd said on Wednesday that U.S. buyout firm KKR has put on hold a planned tender offer for its chip-making equipment and video solution unit, Hitachi Kokusai Electric, that had been scheduled for early August.

Toshiba shares jump; sources say auditor seen signing off on results

TOKYO (Reuters) - Toshiba Corp's shares jumped more than 9 percent early on Wednesday after sources told Reuters the Japanese conglomerate's auditor was likely to sign off on its annual results.

Russia's Yandex sets up e-commerce venture with Sberbank

MOSCOW (Reuters) - Russia's biggest search engine Yandex said on Wednesday it would set up an e-commerce joint venture with Russia's biggest bank Sberbank on the Yandex.Market platform.

U.S. to review Qualcomm's complaints about Apple iPhone patents

WASHINGTON/SAN FRANCISCO (Reuters) - U.S. trade officials have agreed to investigate Qualcomm Inc's allegations that Apple Inc infringed on patents with its iPhone 7 and other devices, the U.S. International Trade Commission said on Tuesday.

Japan Display to save $455 million a year from structural reforms

TOKYO (Reuters) - Japan Display Inc on Wednesday said it would reduce 50 billion yen ($455 million) in annual fixed costs through restructuring steps, including consolidating production sites and cutting jobs.

SoftBank invests $1 billion in sports e-commerce firm Fanatics: sources

SAN FRANCISCO (Reuters) - SoftBank Group Corp is investing $1 billion in Fanatics Inc as a part of a funding round that values the sports e-commerce company at $4.5 billion, according to sources familiar with the matter.

Artist targets Twitter with offline hate tweets

BERLIN (Reuters) - A German-Israeli artist who accuses Twitter of failing to delete hate speech tweets has taken matters into his own hands - by stencilling the offending messages on the road in front of the company's Hamburg headquarters.