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TORONTO (Reuters) – Software vulnerabilities in a Hyundai Motor Co app that lets a car be started remotely made the company’s vehicles susceptible to theft from high-tech thieves for three months before the company fixed the bug in March, a cyber security firm said on Tuesday. Hyundai introduced a flaw in a Dec. 8, 2016 […]
STOCKHOLM/LONDON (Reuters) – Mobile telecom equipment maker Ericsson plunged to a quarterly operating loss on Tuesday, hit by shrinking markets and restructuring costs. The Swedish company, which is focusing on its core networks business under new chief executive Borje Ekholm, reported an operating loss of 12.3 billion Swedish crowns ($1.4 billion) as previously announced provisions, […]
SAN FRANCISCO (Reuters) – Microsoft Corp is rolling out upgrades to its sales software that integrates data from LinkedIn, an initiative that Microsoft CEO Satya Nadella told Reuters was central to the company’s long-term strategy for building specialized business software. The improvements to Dynamics 365, as Microsoft’s sales software is called, are a challenge to […]
NEW YORK (Reuters) – Alphabit, a global fund that invests in digital currencies, has been launched with a target of $300 million, co-founder Liam Robertson said in an interview, as managers seek to tap growing demand for virtual assets that allow for instant, borderless transactions. Digital currencies such as bitcoin are issued and usually controlled […]
SAN FRANCISCO (Reuters) – Apple Inc outlined a plan to train operators of self-driving cars in documents submitted to California regulators earlier this month, the latest clues to the company’s autonomous vehicle technology aspirations. Apple was granted a permit to test self-driving cars on April 14 by the California Department of Motor Vehicles but the […]
SINGAPORE (Reuters) – Top shareholders in Singapore telecoms company M1 Ltd have approached potential buyers China Mobile and global private equity firms, among others, to sell their combined majority stake in the firm, sources familiar with the matter said. The three main shareholders of Singapore’s smallest listed telecoms player, who own a combined 61 percent, […]
HONG KONG (Reuters) – China’s TCL Group on Friday said U.S. protectionism is the biggest hurdle to Chinese firms going global, and that the electronics maker had been told it may not win approval in its bid to buy a U.S. technology firm. “We have an acquisition deal in the U.S. It’s been over half […]
(Reuters) – Tesla Inc founder and Chief Executive Elon Musk said his latest company Neuralink Corp is working to link the human brain with a machine interface by creating micron-sized devices. Neuralink is aiming to bring to the market a product that helps with certain severe brain injuries due to stroke, cancer lesion etc, in […]
TOKYO (Reuters) – Western Digital Corp, the U.S. partner of Toshiba Corp in a semiconductor venture, is in talks with Japanese government-backed investors and would consider a joint bid with them for the chip business, a senior official said on Thursday. “We want to find a way to ensure we are aligned with INCJ and […]
SAN JOSE, Calif. (Reuters) – Facebook Inc on Wednesday pulled aside the curtain on a secretive unit headed by a former chief of the Pentagon’s research arm, disclosing that the social media company is studying ways for people to communicate by thought and touch. Facebook launched the research shop, called Building 8, last year to […]
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