Bhinneka News Online: Reuters Technology Report: August 31, 2017

Thursday 31 August 2017

Reuters Technology Report: August 31, 2017

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Thursday, August 31, 2017

New Uber CEO promises change, sees IPO in 18-36 months

SAN FRANCISCO/GEORGETOWN, Del. (Reuters) - Uber Technologies Inc's new Chief Executive Dara Khosrowshahi told employees on Wednesday the ride-services company would change its culture and may go public in 18 to 36 months.

Toshiba misses target date for chip unit sale, increasing business risks

TOKYO (Reuters) - Toshiba Corp failed to seal a deal to sell its prized chip business by an internal deadline of Thursday, raising doubts about whether it can plug a balance sheet hole in time to avoid a delisting and keep the unit competitive.

Magna pitches new self-driving vehicle system

DETROIT (Reuters) - Auto supplier Magna International Inc on Thursday said it is developing a system automakers can use to enable vehicles to drive themselves without requiring bulky rooftop sensors or other compromises to vehicle styling.

Chinese cyber spies broaden attacks in Vietnam, security firm says

(Reuters) - Cyber spies working for or on behalf of China's government have broadened attacks against official and corporate targets in Vietnam at a time of raised tension over the South China Sea, cyber security company FireEye said.

LG packs image, audio features into new flagship phone

BERLIN (Reuters) - LG Electronics on Thursday introduced a slimmer version of its top-of-the-line phone, with advanced new camera and voice-activation features aimed at active video users, which it hopes can help it claw back market share lost to rivals.

Delaware judge hands ex-Uber CEO a victory in lawsuit by Benchmark

GEORGETOWN, Del./SAN FRANCISCO (Reuters) - A Delaware judge on Wednesday stayed a lawsuit brought by Uber Technologies Inc investor Benchmark Capital against ousted Chief Executive Officer Travis Kalanick, handing the embattled executive a victory.

Warren Buffett tells CNBC he has not sold a share of Apple

NEW YORK (Reuters) - Billionaire investor Warren Buffett told CNBC on Wednesday that he had not sold a share of Apple and was not concerned about Wells Fargo as a long-term investment, calling it a "terrific" bank.

Coin offerings create financial risks: China industry body

SHANGHAI (Reuters) - Launches of new digital currencies, known as initial coin offerings (ICOs), have shaken up social and economic order, created hidden financial risks, and in some cases may amount to fraud, China's National Internet Finance Association said.

Expedia taps CFO Okerstrom to replace Khosrowshahi as CEO

(Reuters) - Expedia Inc on Wednesday named Mark Okerstrom as its new president and chief executive, replacing Dara Khosrowshahi who left the U.S. travel-booking company to take the top job at car-ride provider Uber Technologies Inc [UBER.UL].

Amazon hit with lawsuit over eclipse glasses

NEW YORK (Reuters) - Amazon.com has been hit with a proposed class action lawsuit by a couple who claims defective eclipse glasses purchased through the online retailer damaged their eyes.