Reuters - Technology Report

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Monday, October 16, 2017

Exclusive: T-Mobile, Sprint aim to announce merger without asset divestitures - sources

(Reuters) - T-Mobile U.S. Inc and Sprint Corp plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter.

Toyota to test self-driving, talking cars by about 2020

TOKYO (Reuters) - Toyota Motor Corp on Monday said it would begin testing self-driving electric cars around 2020, which will use artificial intelligence (AI) to engage with drivers, as the company competes with tech firms to develop new vehicles.

Tesla fired hundreds of employees in past week

(Reuters) - Luxury electric vehicle maker Tesla Inc fired about 400 employees this week, including associates, team leaders and supervisors, a former employee told Reuters on Friday.

Baidu's iQiyi picks BofA, Credit Suisse, Goldman for U.S. IPO: IFR

HONG KONG (Reuters) - Baidu Inc's iQiyi, a Netflix style video streaming service in China, has picked three banks to help arrange a U.S. initial public offering (IPO) worth about $1 billion, IFR reported on Monday, citing people familiar with the plans.

Oi's largest creditors demand meeting to renegotiate debt plan

SAO PAULO (Reuters) - A group of bondholders that are Oi SA's largest creditors demanded on Sunday that the company's top executives meet them as soon as possible to renegotiate a debt plan.

Investment firm Investor AB overtakes Cevian as top Ericsson owner

STOCKHOLM (Reuters) - Sweden's Investor AB has regained the position as the biggest shareholder in mobile telecom gear maker Ericsson during the third quarter, overtaking Cevian Capital, the investment firm said on Monday.

IRS puts Equifax contract on hold during security review

NEW YORK (Reuters) - The U.S. Internal Revenue Service has temporarily suspended a contract worth more than $7 million it recently awarded to Equifax Inc following a security issue with the beleaguered credit reporting agency's website on Thursday.

Italy's undersecretary not aware of talks with Telecom Italia over network spin-off

PRATO, Italy - (Reuters) - The Italian government is not currently talking to Telecom Italia about the idea of spinning off the group's fixed-line network, a junior minister said on Monday.

Social media firms summoned to U.S. Congressional hearings on Russia

WASHINGTON (Reuters) - Representatives of Facebook, Twitter and Google have been asked to appear on Nov. 1 at hearings on alleged Russian interference in U.S. politics called by the U.S. Senate and House Intelligence Committees, officials said.

Qualcomm files lawsuits in China to ban iPhones

(Reuters) - Qualcomm Inc confirmed an earlier report that the chipmaker had filed lawsuits in China, seeking to halt the manufacture and sale of Apple Inc's iPhones in the country.