Reuters - Technology Report

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Friday, July 21, 2017

FTC probing allegations of Amazon's deceptive discounting

WASHINGTON (Reuters) - As part of its review of Amazon's agreement to buy Whole Foods, the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe.

Exclusive: Baidu, JD.com to join others investing $12 billion in China Unicom - sources

HONG KONG (Reuters) - Baidu Inc and JD.com will join other big Chinese technology firms, including Tencent Holdings , to jointly invest about $12 billion into state-owned mobile carrier China Unicom, two people with direct knowledge of the matter said.

Tech group sides with Apple in Qualcomm's iPhone ban dispute

(Reuters) - A group representing major technology companies has aligned itself against Qualcomm Inc in its legal dispute with Apple Inc by calling on regulators to reject Qualcomm's bid to ban the import of iPhones.

China aims to become world leader in AI, challenges U.S. dominance

BEIJING/SHANGHAI (Reuters) - China has outlined plans to become a world-leader in artificial intelligence by 2025, laying down a challenge to U.S. dominance in the sector amid heightened international tensions over military applications of the technology.

U.S. Justice Department shuts down dark web bazaar AlphaBay

WASHINGTON (Reuters) - The U.S. Justice Department said on Thursday it had shut down the dark web marketplace AlphaBay, working with international partners to knock offline the site accused of allowing a global trade in drugs, firearms, computer hacking tools and other illicit goods.

Microsoft profit beats expectations on strong cloud demand

SAN FRANCISCO (Reuters) - Microsoft on Thursday reported strong fourth-quarter earnings on the back of its fast-growing cloud computing business, stoking optimism that the once-stagnant company has found a new groove.

Vodafone beats expectations with 'robust' performance

LONDON (Reuters) - Vodafone, the world's second largest mobile operator, reported better-than-expected 2.2 percent revenue growth in its first quarter, reflecting a robust performance in Italy and Spain and an acceleration in demand in Turkey.

LeEco's listed company names investor Sunac's Sun chairman

HONG KONG (Reuters) - Leshi Internet Information & Technology, embattled Chinese tech group LeEco's main listed entity, said Sun Hongbin from investor Sunac China would take over as chairman from founder Jia Yueting.

Permira joins payments rush by buying into Sweden's Klarna

LONDON (Reuters) - Private equity group Permira has bought a stake of at least 10 percent in payments firm Klarna, one of Europe's most highly valued tech startups, the companies said on Friday.

LG Chem to provide Apple's iPhone batteries next year: Korea Economic Daily

SEOUL (Reuters) - South Korea's LG Chem Ltd is slated to exclusively provide batteries for Apple's iPhone 9 which is likely to be launched next year, a Korean newspaper reported on Friday.