Reuters Technology Report: July 27, 2017

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Thursday, July 27, 2017

Exclusive: Russia used Facebook to try to spy on Macron campaign - sources

SAN FRANCISCO (Reuters) - Russian intelligence agents attempted to spy on President Emmanuel Macron's election campaign earlier this year by creating phony Facebook personas, according to a U.S. congressman and two other people briefed on the effort.

Facebook shares hit record high as mobile ad sales soar

(Reuters) - Facebook Inc's mobile advertising business grew by more than 50 percent in the second quarter, the company said in its earnings report on Wednesday, as the social network continued to establish itself as the venue of choice for an ever-growing array of online advertisers.

Samsung Electronics expects continued chip boom after record second quarter profit

SEOUL (Reuters) - Samsung Electronics Co Ltd said a memory chip boom that propelled it to record profit in the second quarter is likely to continue in the third, just as revenue is widely expected to benefit from sales of OLED screens to Apple Inc.

Singapore slings? Taking on Alibaba, Amazon launches Prime Now in the city state

SINGAPORE (Reuters) - Amazon.com Inc launched its two-hour delivery service in Singapore on Thursday, marking the e-commerce giant's biggest push into Southeast Asia and its first head-on battle with Chinese rival, Alibaba Group Holding.

Cyber security startup Callsign raises $35 million

NEW YORK (Reuters) - Callsign Inc, a startup that had developed technology to help users access websites more securely, has raised $35 million from investors including Accel, PTB Ventures and NightDragon Security, the firm of former McAfee chief executive David DeWalt.

South Korea's LG Electronics books second quarter profit held back by mobiles

SEOUL (Reuters) - LG Electronics Inc on Thursday said continued losses in its mobile unit limited growth in second-quarter profit to 13.6 percent, as the firm prepares to release a handset in the third quarter that it hopes will turn the tide.

Nokia profits surge after Apple deal and network gains

HELSINKI (Reuters) - Network equipment maker Nokia reported a jump in profit on Thursday thanks to a patent deal with Apple and gains in market share though it warned the network business could slow by more than expected this year.

China's Huawei says first half revenue climbs 15 percent, slowest in four years

HONG KONG (Reuters) - China's Huawei Technologies Co Ltd, one of the world's largest telecom equipment makers, posted on Thursday a 15 percent rise in half-year revenue, the slowest growth for that period in four years.

WeWork launches China unit with $500 million funding from Hony, SoftBank

HONG KONG (Reuters) - Co-working space startup WeWork has set up a Chinese unit, with the help of a $500 million investment from China's Hony Capital and Japan's SoftBank Group Corp, to tap into a booming demand for shared office space in the world's No.2 economy.

First editing of human embryos carried out in United States

(Reuters) - Technology that allows alteration of genes in a human embryo has been used for the first time in the United States, according to Oregon Health and Science University (OHSU) in Portland, which carried out the research.

Reuters Technology Report: July 27, 2017

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