News highlights – 24 August 2017

Written by on August 25, 2017 in News with 0 Comments

News highlights for 24 August 2017

REUTERS/Scott Morgan

Apple to build data centres in Iowa, with incentives

(Reuters) – Apple Inc will build a $1.375 billion data center in Waukee near Des Moines, Apple and Iowa officials said on Thursday, with $207.8 million in incentives approved by the Iowa Economic Development Authority. Read more…

Samsung CEO Lee jailed for five years

SEOUL (Reuters) – A South Korean court jailed Samsung Electronics Vice Chairman Jay Y. Lee for five years on Friday. Read more…

Infosys’ new chairman will focus on CEO search

MUMBAI (Reuters) – Infosys Ltd’s new chairman said he would focus on finding a chief executive, reconstituting the board and future strategy, seeking to calm investors rattled by the recent shock exit of the firm’s CEO over a prolonged row with the founders. Read more…

HTC ‘exploring options’

HTC Corp the beleaguered manufacturer that once ranked among the world’s top smartphone makers, is exploring options that could range from separating off its virtual-reality business to a full sale of the company, according to people familiar with the matter. Read more…

Uber shareholders escalate battle over ousted Kalanick 

SAN FRANCISCO (Reuters) – A battle among shareholders over Uber Technologies Inc escalated on Thursday as some investors sought to fight a lawsuit by shareholder Benchmark Capital against ousted Chief Executive Travis Kalanick. Read more…

Telkom to offer music, video streaming services

JOHANNESBURG (Reuters) – Telkom will offer customers on-demand video streaming and music from September, part of plans by South Africa’s biggest landline provider to try to increase revenues and subscriber numbers in its mobile business. Read more…

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