Reuters - Technology Report

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Thursday, February 1, 2018

Facebook forecasts rising ad sales despite dip in usage

(Reuters) - Facebook Inc offered reassurances to investors on Wednesday that its digital ad business would remain highly profitable, despite a dip in usage on the social media network and an overhaul of its flagship News Feed.

Insurers gingerly test bitcoin business with heist policies

NEW YORK(Reuters) - Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than miss out on this volatile and loosely regulated, but rapidly growing business.

Several countries investigating Japanese virtual coin heist: cryptocurrency council member

TOKYO (Reuters) - Authorities in several countries are investigating last week's $530 million heist involving the NEM cryptocurrency, a member of the foundation behind the digital coin said on Thursday.

Google's G Suite is no Microsoft killer, but still winning converts

SAN FRANCISCO (Reuters) - Alphabet Inc's Google has struggled for years to get big businesses to embrace G Suite, its hip alternative to Microsoft Office.

Tencent-led group to invest $1.6 billion in menswear firm Heilan: sources

HONG KONG (Reuters) - Tencent Holdings Ltd is leading a deal to invest 10 billion yuan ($1.59 billion) in Chinese menswear group Heilan Home Co Ltd, upping a retail rivalry with fellow internet giant Alibaba Group Holding Ltd, sources with knowledge of the matter said.

Cuba hands note of protest to U.S. over internet task force

HAVANA (Reuters) - Cuba handed a note of protest to the top U.S. diplomat in Havana on Wednesday over the Trump administration's creation of a Cuba Internet Task Force that it said was an attempt to violate its sovereignty and carry out subversive activities.

Ahead of 5G rebound, Nokia royalty deals prop up results

HELSINKI (Reuters) - Telecom network gear maker Nokia posted better-than-expected quarterly profits on Thursday and forecast a recovery in profits by 2020, encouraging investors spooked last year by a weakening equipment market and acquisition integration missteps.

With Samsung deal, Qualcomm doubles down on licensing practices

(Reuters) - Qualcomm Inc on Wednesday aimed to show shareholders that its licensing practices still have a future after having come under scrutiny from antitrust regulators around the world as well as from major customer Apple Inc.

Microsoft's cloud computing business grows, stock edges up

(Reuters) - Microsoft Corp beat Wall Street's profit forecast on Wednesday, helped by growth in its cloud computing business, but took a $13.8 billion one-time charge due to the new U.S. tax law.

Alibaba-backed online lender MYbank owes cost-savings to home-made tech

HANGZHOU, China (Reuters) - It has no physical branches or expensive foreign software, and uses cloud technology to cut back on the hardware it needs to serve borrowers.