Reuters - Technology Report

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Friday, March 17, 2017

EU authorities demand changes from Facebook, Google, Twitter

BRUSSELS (Reuters) - Social media companies Facebook Inc, Alphabet Inc and Twitter Inc will have to amend their terms of service for European users within a month or face the risk of fines, a European Commission official said on Friday.

Japan not considering support for Toshiba, sharing information with U.S.

TOKYO (Reuters) - The Japanese government said it was not considering steps to support embattled Toshiba Corp and will share information with Washington on developments involving the firm and its U.S. nuclear unit Westinghouse.

Apple says to add two more R&D centers in China

HONG KONG (Reuters) - Apple will set up two new research and development centers in Shanghai and Suzhou in China, it said in a statement in its Chinese website on Friday.

South Korea court reassigns Samsung chief's case amid questions about judge's connections

SEOUL (Reuters) - A South Korean court said on Friday it has reassigned Samsung Group chief Jay Y. Lee's bribery trial to another judge, following questions about the previous judge's connection to a woman Lee is accused of bribing.

China's Ant confident of closing MoneyGram deal: exec

BEIJING (Reuters) - Ant Financial Services Group, the world's largest financial technology company, is confident of closing the acquisition of U.S. money-transfer firm MoneyGram International Inc but says it has other options if the deal falls through, its top executive told Reuters.

Baidu leads investment into green car start-up NextEV

SHANGHAI (Reuters) - Baidu Inc said on Friday it had led an investment round into green car start-up NextEV, as the Chinese search engine giant looks for new growth drivers and as competition heats up in the fast-growing electric vehicles market.

U.S. financial firms embrace cloud, 'fat fingers' notwithstanding

NEW YORK (Reuters) - Only two years ago, an outage similar to the one that struck Amazon's cloud services last month would have reinforced U.S. financial firms' view that shifting data and systems onto the public cloud was just too risky.

Judge approves $27 million driver settlement in Lyft lawsuit

SAN FRANCISCO (Reuters) - A U.S. judge gave final approval on Thursday to a settlement agreement in a class-action lawsuit against Lyft Inc, ending a legal case that challenged the independent contractor status of the ride-hailing service's drivers.

Snap shares drop 4 percent, fall below $20 for the first time

SAN FRANCISCO (Reuters) - Snap Inc shares tumbled below $20 on Thursday for the first time since the company's $3.4 billion public listing after the Snapchat owner received another "sell" rating from an analyst.

Uber to seek arbitration in Waymo self-driving case

SAN FRANCISCO (Reuters) - A lawyer for Uber [UBER.UL] told a federal judge on Thursday he intended to file a petition to compel arbitration in the Waymo trade secrets theft case, citing an agreement signed by a former Waymo employee who is at the heart of the case.