News highlights – 9 August 2017

Written by on August 10, 2017 in News with 0 Comments

News highlights for 9 August 2017

REUTERS/Toru Hanai

Toshiba wants to sell chip business by end of current year

TOKYO (Reuters) – Toshiba Corp is still trying to sell its chip business by the end of the current fiscal year to next March, but has not decided what to do if those efforts fail, CEO Satoshi Tsunakawa said on Thursday. Read more…

Snap shares rally ahead of quarterly results

SAN FRANCISCO/NEW YORK (Reuters) – Shares of Snap Inc rallied on Wednesday as options traders buckled in for the social media company’s quarterly results and after an analyst said the beaten-down stock was “getting interesting.” Read more…

Researchers unveil a battery-free phone

SEATTLE (Reuters) – Researchers in the United States have unveiled a prototype of a battery-free mobile phone, using technology they hope will eventually come to be integrated into mass-market products. Read more…

More details and delays in Murdoch’s bid for Sky

The British government’s Department of Digital, Culture, Media and Sport has written to Ofcom asking for extra input before Culture Secretary Karen Bradley decides whether to approve Rupert Murdoch’s £11.7bn Sky buyout bid. Read more…

China has sent unbreakable code from space to earth

BEIJING (Reuters) – China has sent an “unbreakable” code from a satellite to the Earth, marking the first time space-to-ground quantum key distribution technology has been realized, state media said on Thursday. Read more…

Toshiba gets bad review from auditor, but probably avoids delisting

TOKYO (Reuters) – Toshiba Corp has likely avoided immediate delisting after its auditor signed off on its financial results albeit with criticism of its governance, yet its future remains uncertain with no progress in talks to sell its chips unit for much-needed cash. Read more…

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