Reuters - Technology Report

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Monday, November 13, 2017

Qualcomm draws up plans to rebuff Broadcom's $103 billion offer: sources

(Reuters) - U.S. chipmaker Qualcomm Inc is making preparations to reject rival Broadcom Ltd's $103 billion bid as early as this week, four people familiar with the matter said on Sunday, setting the stage for one of the biggest-ever takeover battles.

Think bitcoin's getting expensive? Try Zimbabwe

HARARE (Reuters) - For most investors around the world, bitcoin is a volatile and highly speculative bet. For Zimbabweans, however, the cryptocurrency seems to offer rare protection from the onset of hyperinflation and financial implosion.

GM's electric car sales will meet quotas by 2019, says China chief

BEIJING (Reuters) - General Motors Co's China joint ventures will be able to generate enough new energy vehicle (NEV) sales volume to account for NEV production quotas by 2019 and without the need to buy credits, GM China chief Matt Tsien said on Monday.

EU markets agency warns new crypto coins could prove worthless

FRANKFURT (Reuters) - Europe's top markets regulator has warned investors about the pitfalls of buying newly issued crypto coins, an experimental and unregulated form of online crowd funding particularly used by start-up businesses.

ESPN brings SportsCenter show to Snapchat

(Reuters) - U.S. sports broadcaster ESPN launched its flagship SportsCenter program on messaging app Snapchat on Monday, reimagining the show that provides sports highlights and commentary into a short-form series.

China's JD.com third-quarter revenue beat estimates

(Reuters) - JD.com Inc, China's second largest e-commerce firm, reported a 39.2 percent rise in third-quarter revenue on Monday, beating analyst estimates, as the firm attracted more shoppers.

EU wants feedback on impact of fake news to help draft strategy

BRUSSELS (Reuters) - The European Union is seeking feedback on the impact of fake news as part of a move to help the bloc's 500 million citizens assess news sources and make sure that social platforms such as Facebook live up to their responsibilities.

Backing Big Brother: Chinese facial recognition firms appeal to funds

HONG KONG (Reuters) - Buoyed by China’s plans to build a ubiquitous CCTV surveillance network, Chinese and some foreign investors are pouring money into start-up technology firms that specialize in facial recognition software.

Malaysia's CIMB says tapes containing customer data lost during routine operations

KUALA LUMPUR (Reuters) - Malaysia's CIMB Group Holdings Bhd on Monday said some magnetic tapes containing back-up customer data were lost during routine operations, adding that there has been no evidence so far that any data has been compromised.

Uber board strikes agreement to pave way for SoftBank investment

SAN FRANCISCO/NEW YORK (Reuters) - Uber Technologies Inc's [UBER.UL] warring board members have struck a peace deal that allows a multibillion-dollar investment by SoftBank Group Corp to proceed, and which would resolve a legal battle between former Chief Executive Travis Kalanick and a prominent shareholder.