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Updated: 46 min 27 sec ago

Saudi, Abu Dhabi showing 'high interest' in investing in VF2: SoftBank's Son

Wed, 08/07/2019 - 15:07
SoftBank Group Corp founder and CEO Masayoshi Son said on Wednesday Saudi Arabia and Abu Dhabi are showing "high interest" in investing in the second Vision Fund.

Half of British homes subscribe to a TV streaming service

Wed, 08/07/2019 - 14:44
Nearly half of British homes subscribe to a streaming service such as Netflix, Amazon Prime Video, Now TV or Disney Life, as traditional TV viewing continues to decline, according to media regulator Ofcom.

Toyota turns to AI startup to accelerate goal of robots for the home

Wed, 08/07/2019 - 14:27
Toyota Motor Corp has designs on making robot helpers for your home, and has enlisted a Japanese startup that specializes in artificial intelligence to jump-start its plan.

British Airways hit by problems with online check-in system

Wed, 08/07/2019 - 14:21
British Airways experienced problems with its online check-in system on Wednesday that disrupted some flight departures.

SoftBank Group's profit blows past estimates on Vision Fund gains

Wed, 08/07/2019 - 14:12
Japan's SoftBank Group Corp raked in a better-than-expected quarterly operating profit as it saw a leap in investing gains from its $100 billion Vision Fund.

Tesla scrutinized by U.S. agency over Model 3 safety claims: Bloomberg

Wed, 08/07/2019 - 14:07
The U.S. National Highway Traffic Safety Administration (NHTSA) sent a cease-and-desist letter to Tesla Inc last year for not complying with the agency's guidelines in its Model 3 safety assertions and subpoenaed the carmaker for information on several crashes, Bloomberg reported on Tuesday.

Two U.S. senators raise privacy concerns over Facebook's Messenger Kids

Wed, 08/07/2019 - 14:02
Democratic U.S. senators Edward Markey and Richard Blumenthal have written to Facebook Inc questioning whether there was a "worrying pattern" of poor privacy protection for children using its Messenger Kids app.

SoftBank Group first-quarter profit blows past estimates on Vision Fund gains

Wed, 08/07/2019 - 13:39
Japan's SoftBank Group Corp raked in a better-than-expected quarterly operating profit due to a leap in investing gains from the $100 billion Vision Fund.

Toshiba quarterly profit jumps on cost cuts, but misses estimates

Wed, 08/07/2019 - 11:39
Japan's Toshiba Corp reported on Wednesday a 10-fold jump in first-quarter operating profit as it stepped up cost cuts across divisions, but the profit missed analyst estimates.

Factbox: Marvel, monsters and 'Mandalorian' coming to Disney+ app

Wed, 08/07/2019 - 06:57
Walt Disney Co is set to launch its family-friendly streaming service, Disney+, later this year with a slate of new and classic TV shows and movies, as the company founded on theme parks and big-screen movies builds a digital entertainment business.

Disney to bundle Disney+, Hulu, ESPN+ at popular Netflix price

Wed, 08/07/2019 - 06:57
Walt Disney Co on Tuesday said it would offer a $13-per-month bundle of its three streaming services starting in November, a move to attract audiences who have embraced digital services such as Netflix Inc .

Smartphone protective case maker Zagg hires bank to explore options

Wed, 08/07/2019 - 06:50
Zagg Inc, a U.S. manufacturer of protective cases for smartphones and tablets, said on Tuesday it had retained Bank of America Corp to explore "strategic alternatives to maximize shareholder value."

Apple to restrict Facebook's messaging apps feature - The Information

Wed, 08/07/2019 - 04:49
Apple Inc is making a change to its mobile operating system that will restrict a feature that apps like Facebook Inc's Messenger and WhatsApp use to make voice calls over the internet, The Information reported on Tuesday.

New tech news site The Markup says ousted editor Angwin to return

Wed, 08/07/2019 - 04:08
Pulitzer Prize-winning investigative journalist Julia Angwin, who was ousted in April as editor-in-chief of The Markup, a technology-focused start-up she co-founded, has been rehired, the nonprofit news organization said on Tuesday.

Exclusive: High-security locks for government and banks hacked by researcher

Wed, 08/07/2019 - 02:58
Hackers could crack open high-security electronic locks by monitoring their power, allowing thieves to steal cash in automated teller machines, narcotics in pharmacies and government secrets, according to research to be presented Friday at the annual Def Con hacking conference in Las Vegas.

Nokia says Brazil 5G auction may be world's biggest yet

Wed, 08/07/2019 - 02:29
Finnish telecoms equipment maker Nokia Oyj expects Brazil to host the world's biggest-ever single auction for fifth-generation (5G) spectrum next year, a senior executive told Reuters.

Exclusive: Smartphone protective case maker Zagg fields buyout interest - sources

Wed, 08/07/2019 - 01:27
Zagg Inc, a U.S. manufacturer of protective cases for smartphones and tablets, is weighing options that include a potential sale after attracting acquisition interest from buyout firms, people familiar with the matter said on Tuesday.

Bitcoin as a safe haven? More a speculative bet, market players say

Tue, 08/06/2019 - 22:37
Bitcoin's recent gains as stocks plummeted on U.S.-China trade tensions reflect not so much its safe-haven credentials but its potential for quick gains, cryptocurrency and foreign exchange traders said on Tuesday.

Snap to raise $1 billion to invest in AR, possible acquisitions

Tue, 08/06/2019 - 21:47
Snap Inc on Tuesday said it will raise $1 billion in short-term debt and plans to invest in more media content, augmented reality features and may also buy other companies.

Swedish fintech Klarna valued at $5.5 billion in funding round

Tue, 08/06/2019 - 21:29
Online payments firm Klarna, which has attracted a growing following with its "buy now, pay later" service for shoppers, said on Tuesday it had raised $460 million in a funding round making it Europe's most valuable fintech startup.