Reuters - Technology Report

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Friday, September 8, 2017

Amazon opens bidding to cities for $5 billion 'HQ2', a second headquarters

(Reuters) - Amazon.com Inc said on Thursday it would build a $5 billion second headquarters in North America, kicking off a competition between cities and states to offer tax cuts and incentives that could bring 50,000 new jobs.

Apple's new iPhone could face supply shortfalls after launch: WSJ

(Reuters) - Apple Inc's new iPhone had hit production glitches early in its manufacturing process and could lead to supply shortfalls and shipping delays following its launch next week, the Wall Street Journal reported on Thursday.

Chinese online insurer ZhongAn wins HK approval for $1 billion IPO: sources

HONG KONG (Reuters) - ZhongAn Online Property and Casualty Insurance Co Ltd, China's first internet-only insurer, secured Hong Kong stock exchange approval for its planned initial public offering which could raise more than $1 billion, sources with direct knowledge of the deal said on Friday.

Three vehicles torched in long-running South African taxi war

JOHANNESBURG (Reuters) - One Uber vehicle and two other taxis were torched in South Africa's main business district on Thursday night in a feud over fares, but no one was injured, Uber and police said on Friday.

U.S. may need new law to address Russian ad buys on Facebook: senator

WASHINGTON/SAN FRANCISCO (Reuters) - U.S. legislation may be needed to require social media companies to disclose more about how their platforms are used for political advertising, a senior Democratic lawmaker said on Thursday, after new signs of Russian efforts to influence the 2016 election.

Google says it has no evidence of Russian ads about U.S. election

SAN FRANCISCO (Reuters) - Search engine Google said on Thursday it had seen no evidence on its advertising platforms of the kind of suspected Russian propaganda campaign that Facebook Inc says appeared on its network before and after last year's U.S. presidential election.

German competition watchdog to announce Facebook findings by year-end

FLORENCE (Reuters) - The initial findings of Germany's investigation of U.S. social network company Facebook over possible market abuse will be announced by the end of the year, the country's cartel office said on Friday.

Spotify, Hulu target students with discounted bundle

(Reuters) - U.S. college students can buy Spotify Premium music streaming and Hulu TV streaming for a combined, deeply discounted $4.99 per month, in a new student subscription bundle the companies announced on Thursday to lure younger consumers.

GoPro expects adjusted profitability in third quarter; shares jump

(Reuters) - Action camera maker GoPro Inc said on Thursday it expects to be profitable on an adjusted basis in the third quarter, ahead of the holiday season launch of its newest cameras, sending its shares up 17 percent.

Western Digital seeks Y50 billion from Apple to help finance Toshiba chip bid: Kyodo

TOKYO (Reuters) - A group including Western Digital is seeking around 50 billion yen ($464 million) from Apple Inc to help finance a bid for Toshiba Corp's memory chip unit, Kyodo news agency reported on Friday.