Reuters - Technology Report

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Tuesday, July 25, 2017

Alphabet adds to cash pile despite higher costs, antitrust fine

SAN FRANCISCO (Reuters) - Alphabet Inc reported a 21 percent jump in quarterly revenue on Monday, maintaining a growth rate that is rarely seen among companies its size and suggesting the big sales gains enjoyed recently by the other Internet firms are not done yet.

Uber ties up with AXA for workers' accident cover in France

PARIS (Reuters) - Uber and insurance group AXA on Tuesday announced a partnership to offer accident cover for drivers who work for the ride hailing service in France.

Qualcomm accuses tech group of 'misdirecting' trade regulators

(Reuters) - Qualcomm Inc fired back in its case against Apple Inc on Monday, accusing its critics of waging a "coordinated effort aimed at misdirecting" trade regulators.

Toyota set to sell long-range, fast-charging electric cars in 2022: paper

TOKYO (Reuters) - Toyota Motor Corp is working on an electric car powered by a new type of battery that significantly increases driving range and reduces charging time, aiming to begin sales in 2022, the Chunichi Shimbun daily reported on Tuesday.

LG Display plans to invest $13.5 billion to boost OLED production

SEOUL (Reuters) - South Korea's LG Display Co Ltd outlined plans to invest $13.5 billion to boost production of organic light-emitting diode (OLED) screens over the next three years, aiming to ride surging demand for the flexible panels from TV and smartphone manufacturers.

Startup Convoy raises $60 million as investors bet on trucking apps

SAN FRANCISCO (Reuters) - Convoy, an app connecting truck drivers with loads of freight, has raised more than $60 million as startup investors double down on technology bets to transform the long-haul trucking industry.

Nasdaq to acquire UK market surveillance startup

NEW YORK (Reuters) - Nasdaq Inc has agreed to acquire Sybenetix, a London-based startup that uses artificial intelligence to help compliance officers at asset management firms analyze the behavior of their traders in order to prevent market abuse.

Logitech increases outlook after first-quarter beats forecasts

ZURICH (Reuters) - Logitech International raised its profit outlook for the year after strong sales of its gaming and video collaboration products helped the computer peripheral maker beat forecasts in its first quarter.

Drillisch CEO urges shareholders to approve takeover by United Internet

FRANKFURT (Reuters) - The chief executive of Drillisch urged shareholders in the German mobile operator to approve an issue of new shares that will trigger a takeover by United Internet in a deal valued at over 8 billion euros ($9.33 billion).

U.S. venture capital's digital coin quandary: cash-rich startups

NEW YORK (Reuters) - U.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge - some of the hottest tech startups that sell the coins just don't need their money.