Reuters - Technology Report

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Tuesday, September 26, 2017

Alibaba raising stake in Cainiao to majority, investing $15 billion to grow logistics

HONG KONG (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd is raising its stake in logistics affiliate Cainiao Smart Logistics Network Ltd to 51 percent from 47 percent by investing 5.3 billion yuan ($801.21 million), Alibaba said on Tuesday.

Tech stocks sell-off deepens fears of shift away from sector

SAN FRANCISCO (Reuters) - Technology stocks including Facebook , Microsoft and Alphabet dropped sharply on Monday, increasing worries that the top-performing sector is falling out of favor as investors look elsewhere for cheaper opportunities.

Deloitte hacked, says 'very few' clients affected

LONDON/TORONTO (Reuters) - Global accounting firm Deloitte [DLTE.UL] said on Monday it was the victim of a cyber attack that affected the data of a small number of clients, providing few details on the breach.

SEC chairman belatedly learned of 2016 agency hack: testimony

WASHINGTON (Reuters) - The chairman of the U.S. Securities and Exchange Commission belatedly found out in August, about three months after being confirmed, that hackers breached the regulator's database of corporate announcements in 2016, according to prepared congressional testimony seen by Reuters on Monday.

Carnegie Mellon professor named CEO of Canadian AI institute

TORONTO (Reuters) - A Toronto artificial intelligence institute set up in March with more than $150 million of public and private funding has named Carnegie Mellon professor Garth Gibson as its first chief executive.

Apple shares flirt with correction territory

SAN FRANCISCO (Reuters) - Shares of Apple Inc dipped on Monday and flirted with correction territory following a report that the company had told suppliers to scale back shipments of parts for its upcoming iPhone X.

Facebook, Google bound to change handling of politics ads - marketing executives

NEW YORK (Reuters) - Facebook Inc and Alphabet Inc's Google have little choice but to rein in internet political ads in the face of growing U.S. government pressure, a panel of advertising consultants and executives said on Monday.

Uber rival Lyft met London transport officials, documents show

FRANKFURT/LONDON (Reuters) - Lyft, Uber’s closest U.S. rival in the taxi-hailing business, met repeatedly with officials from London's transport regulator over the past year, a sign it may be targeting the city for international expansion.

Dubai starts tests in bid to become first city with flying taxis

DUBAI (Reuters) - Dubai staged a test flight on Monday for what it said would soon be the world's first drone taxi service under an ambitious plan by the United Arab Emirates city to lead the Arab world in innovation.

Microsoft makes Teams primary teamwork hub, replacing Skype for Business

SAN FRANCISCO (Reuters) - Microsoft Corp's Teams application will be replacing Skype for Business as the company’s primary teamwork software, Microsoft said on Monday, in its latest effort to defend against the threat of upstart Slack in the workplace collaboration software market.