Reuters - Technology Report

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Tuesday, June 13, 2017

Uber CEO Kalanick likely to take leave, SVP Michael out: source

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] Chief Executive Travis Kalanick is likely to take a leave of absence from the troubled ride-hailing company, but no final decision has yet been made, according to a source familiar with the outcome of a Sunday board meeting.

Sony unveils new 'Spider-man' game at E3 expo

LOS ANGELES (Reuters) - Sony unveiled a new "Spider-man" game for its Playstation video console at the Electronic Entertainment Expo (E3) in Los Angeles on Monday.

Indonesia has reached tax deal with Google for 2016, finance minister says

JAKARTA (Reuters) - Indonesia has reached a tax settlement with Alphabet Inc's Google for 2016, the country's finance minister said, following a months-long dispute over allegations that the search giant had not made enough annual payments to the government.

WorldRemit adds Android Pay as secure option for migrant remittances

SAN FRANCISCO (Reuters) - Cross-border money transfer service WorldRemit is enabling its immigrant customer base to send money home using Android Pay, making it the first international remittance firm to run on the Google payments system, the company said on Tuesday.

Tech rout sparks search for value

NEW YORK (Reuters) - The "sell in May" memo arrived a bit late in some investors' inboxes this year.

Hyundai Motor bets on new small SUV as China sales skid

GOYANG, South Korea (Reuters) - Hyundai Motor unveiled its first subcompact sport utility vehicle Kona for advanced markets, including the United States, Europe and South Korea, as it tries to offset sliding sales in China and catch up with rivals in the segment.

Toshiba faces fresh lawsuit, plans provision for year ended March

TOKYO (Reuters) - Toshiba Corp on Tuesday said it was being sued by another group of foreign investors for 43.9 billion yen ($399 million) in damages over a $1.3 billion accounting scandal uncovered two years ago.

Fiserv to buy UK mobile payments pioneer Monitise for 70 million pounds

(Reuters) - U.S. financial technology provider Fiserv said on Tuesday it had agreed to buy British financial services technology firm Monitise Plc for about 70 million pounds ($88.72 million).

Supreme Court to rule on legality of patent review system

(Reuters) - The U.S. Supreme Court agreed on Monday to decide whether a federal administrative process frequently used by technology companies to ward off patent infringement lawsuits violates the constitutional rights of patent owners.

U.S. top court rules for Microsoft in Xbox class action fight

WASHINGTON (Reuters) - The U.S. Supreme Court on Monday ruled in favor of Microsoft Corp in its bid to fend off class action claims by Xbox 360 owners who said the popular videogame console gouges discs because of a design defect.