Reuters - Technology Report

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Wednesday, May 31, 2017

Continental unveils collaboration with Baidu on autonomous cars

FRANKFURT (Reuters) - Auto supplier Continental AG on Wednesday signed a strategic cooperation agreement with Chinese Internet company Baidu to develop autonomous and connected cars.

Toshiba unable to present audited results at end-June shareholders meeting

TOKYO (Reuters) - Toshiba Corp said on Wednesday it would not be able to present its audited annual business results for the fiscal year ended March at its general shareholders meeting on June 28.

Rocket Internet prepares for profit from start-ups by year-end

BERLIN (Reuters) - Rocket Internet said three of its leading start-ups were on track to make a profit by the end of the year as the German e-commerce investor reported lower quarterly losses.

Analysts see more gains as Amazon shares break $1,000

NEW YORK (Reuters) - Amazon.com on Tuesday became the second of the current S&P 500 components to hit the $1,000 price mark, beating Google parent Alphabet to the punch and underscoring a massive rally in large-cap technology-related stocks.

Uber fires self-driving car chief at center of court case

SAN FRANCISCO (Reuters) - Uber Technologies Inc said on Tuesday it fired the technology whiz it had hired to lead its self-driving unit, Anthony Levandowski, after he failed to comply with a court order to hand over documents at the center of a legal dispute between Uber and Alphabet Inc's Waymo unit.

Apple Music sets August 8 as new release date for 'Carpool Karaoke'

LOS ANGELES (Reuters) - Apple Inc's Apple Music streaming service will release its adaptation of comedian James Corden's "Carpool Karaoke" to subscribers beginning on Aug. 8, the company said on its website on Tuesday.

Group linked to NSA leaks says will release more data in July

(Reuters) - A group that published hacking tools that security experts believe were stolen from the U.S. National Security Agency said on Tuesday it plans to sell a new batch of stolen code in July to customers willing to pay more than $22,000 for it.

BA flights restored but questions remain after weekend IT meltdown

LONDON (Reuters) - British Airways flights were back in the skies on Tuesday but the company faced increasing pressure over its response to the huge IT failure that left 75,000 passengers stranded over a holiday weekend and dealt a major blow to its reputation.

Cevian Capital buys more than 5 percent of Sweden's Ericsson

STOCKHOLM(Reuters) - Activist investor Cevian Capital has bought a more than 5 percent stake in Sweden's Ericsson and said it sees significant potential in the struggling mobile telecom equipment maker.

Online tutor Yuanfudao raises $120 million from Warburg Pincus, Tencent

HONG KONG (Reuters) - Chinese online tutoring company Yuanfudao said on Wednesday it raised $120 million from private equity firm Warburg Pincus and Tencent Holdings , putting it among a raft of unicorns valued at more than $1 billion in the world's second largest economy.