Reuters Technology Report: May 31, 2017

Click to View in Browser Wednesday, May 31, 2017 Continental unveils collaboration with Baidu on autonomous cars FRANKFURT (Reuters) - Auto supplier Continental AG on Wednesday signed a strategic cooperation agreement with Chinese Internet company Baidu to develop autonomous and connected cars. Toshiba unable to present audited results at end-June shareholders meeting TOKYO (Reuters) - Toshiba Corp said on Wednesday it would not be able to present its audited annual business results for the fiscal year ended March at its general shareholders meeting on June 28. Rocket Internet prepares for profit from start-ups by year-end BERLIN (Reuters) - Rocket Internet said three of its leading start-ups were on track to make a profit by the end of the year as the German e-commerce investor reported lower quarterly losses. Analysts see more gains as Amazon shares break $1,000 NEW YORK (Reuters) - Amazon.com on Tuesday became the second of the current S&P 500 components to hit the $1,000 price mark, beating Google parent Alphabet to the punch and underscoring a massive rally in large-cap technology-related stocks. Uber fires self-driving car chief at center of court case SAN FRANCISCO (Reuters) - Uber Technologies Inc said on Tuesday it fired the technology whiz it had hired to lead its self-driving unit, Anthony Levandowski, after he failed to comply with a court order to hand over documents at the center of a legal dispute between Uber and Alphabet Inc's Waymo unit. Apple Music sets August 8 as new release date for 'Carpool Karaoke' LOS ANGELES (Reuters) - Apple Inc's Apple Music streaming service will release its adaptation of comedian James Corden's "Carpool Karaoke" to subscribers beginning on Aug. 8, the company said on its website on Tuesday. Group linked to NSA leaks says will release more data in July (Reuters) - A group that published hacking tools that security experts believe were stolen from the U.S. National Security Agency said on Tuesday it plans to sell a new batch of stolen code in July to customers willing to pay more than $22,000 for it. BA flights restored but questions remain after weekend IT meltdown LONDON (Reuters) - British Airways flights were back in the skies on Tuesday but the company faced increasing pressure over its response to the huge IT failure that left 75,000 passengers stranded over a holiday weekend and dealt a major blow to its reputation. Cevian Capital buys more than 5 percent of Sweden's Ericsson STOCKHOLM(Reuters) - Activist investor Cevian Capital has bought a more than 5 percent stake in Sweden's Ericsson and said it sees significant potential in the struggling mobile telecom equipment maker. Online tutor Yuanfudao raises $120 million from Warburg Pincus, Tencent HONG KONG (Reuters) - Chinese online tutoring company Yuanfudao said on Wednesday it raised $120 million from private equity firm Warburg Pincus and Tencent Holdings , putting it among a raft of unicorns valued at more than $1 billion in the world's second largest economy. Related Video Uber fires self-driving car chief at center of court case The tiny organism that could help feed the planet Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook