Reuters - Technology Report

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Monday, October 9, 2017

Uber suspends unlicensed service in Norway in change of tack

(Reuters) - Uber said on Monday it would suspend its unlicensed service UberPOP in Oslo until Norway introduces new rules, as the U.S. ride-hailing app adopts a more conciliatory tone with national authorities.

Qualcomm offers EU concessions over $38 billion NXP takeover bid

BRUSSELS (Reuters) - U.S. smartphone chipmaker Qualcomm has offered concessions in an attempt to allay EU antitrust concerns over its $38-billion bid for NXP Semiconductors, the largest ever in the semiconductor industry.

Recovery hopes rise as Ericsson picks ex-Atlas Copco boss as chairman

STOCKHOLM (Reuters) - Ericsson has picked the former boss of high-flying mining gear maker Atlas Copco as its new chairman, boosting hopes of a recovery at the Swedish mobile equipment company.

Drug chains tumble on reports Amazon eyeing their pie

(Reuters) - Shares of drug retailers Walgreens Boots Alliance Inc , CVS Health Corp and Rite Aid Corp tumbled on Friday after reports that Amazon.com Inc was looking to make a move into selling drugs online.

Tesla delays big rig truck debut; Model 3 in 'production hell'

(Reuters) - Tesla Inc Chief Executive Elon Musk on Friday pushed back the unveiling of the company's big rig truck until mid-November, tweeting that the electric vehicle maker was diverting resources to fix production bottlenecks of its new Model 3 sedan and to help Puerto Rico.

Telecoms and cable group Altice strikes debt refinancing deal

PARIS (Reuters) - Altice, the acquisitive telecoms and cable group founded by billionaire Patrick Drahi, announced on Monday a debt refinancing deal which it said would lead to cost savings on interest payments and extend its debt maturity.

Google to use balloons to provide Puerto Rico cell service

WASHINGTON (Reuters) - The U.S. Federal Communications Commission said late on Friday it had approved Alphabet Inc's application to provide emergency cellular service to Puerto Rico through balloons.

Solar cars begin race across Australian desert

SYDNEY (Reuters) - The World Solar Challenge began on Sunday with 42 solar cars crossing Australia's tropical north to its southern shores, a grueling 3,000 km (1,864 mile) race through the outback.

Data-center provider Switch surges in debut

(Reuters) - Shares of Switch Inc, which provides data center services to Amazon, eBay and JP Morgan among others, rose as much as 45 percent in their market debut on Friday, giving the company a market capitalization of more than $5.6 billion.

Chinese state media report bloated battery in Apple's iPhone 8

BEIJING (Reuters) - A fresh case of Apple Inc's new iPhone popping open due to a swollen battery has been reported in state media in China, the world's biggest smartphone market where the U.S. firm is seeking to revive faltering sales.