News highlights for 4 January
REUTERS/Andrew Kelly
Battered Toshiba looking for support from vendors
TOKYO (Reuters) – Toshiba Corp’s chairman expects lenders to offer support during key meetings over the coming weeks, as the chips-to-construction conglomerate prepares to book a multi-billion dollar hit to its core nuclear arm. Read more…
Samsung to make 10 million Galaxy 8 smartphones
SEOUL (Reuters) – Samsung Electronics Co Ltd has set an initial production target of 10 million Galaxy S8 smartphones, South Korea’s Electronic Times reported on Thursday, citing unnamed sources. Read more…
Soon you will be able to order a cheeseburger from your car
LAS VEGAS (Reuters) – Ford Motor Co is expanding the use of Amazon.com Inc’s Alexa personal assistant in its vehicles to allow drivers to talk to their cars – demanding anything from a nearby cheeseburger to a weather forecast – marking a leap by the Detroit automaker to incorporate a technology initially targeted for home use. Read more…
Department of Labor files a suit to get access to Google compensation data
(Reuters) – The U.S. Department of Labor said on Wednesday it filed a lawsuit against Alphabet Inc’s Google unit seeking access to the company’s compensation data and documents as part of a routine compliance evaluation. Read more…
Apple confirms $1 billion investment in Softbank fund
(Reuters) – Apple Inc confirmed on Wednesday its plans to invest $1 billion in a tech fund being set up by Japan’s SoftBank Group Corp. Read more…
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