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Early Uber investors call on company to change ‘destructive culture’

SAN FRANCISCO (Reuters) – Early investors in Uber Technologies Inc [UBER.UL] wrote to the ride-hailing company on Thursday to criticize it for failing to end a toxic culture of harassment. Source
Posted On 24 Feb 2017

Bitcoin hits record high above $1,200 on talk of ETF approval

LONDON (Reuters) – Digital currency bitcoin jumped to a record high above $1,200 on Friday, as investors speculated the first bitcoin exchange-traded fund (ETF) to be issued in the United States is set to receive regulatory approval. Source
Posted On 24 Feb 2017

Samsung Display gets license to invest $2.5 billion more in Vietnam: state TV

HANOI (Reuters) – Samsung Electronics Co Ltd’s display panel subsidiary has received a license to invest another $2.5 billion in Vietnam to boost capacity, Vietnam’s State Television (VTV)reported. Source
Posted On 24 Feb 2017

Exclusive: China considers faster IPO approval to lure large tech deals – sources

HONG KONG (Reuters) – China’s securities regulator is considering offering a shortcut for some of the country’s largest technology companies to list their shares, allowing them to jump a long line of applicants and boost domestic bourses, according to six people...
Posted On 24 Feb 2017

Founder of India’s $4 smartphone firm arrested on allegations of fraud

MUMBAI (Reuters) – The founder of an Indian tech firm that shot to prominence by offering a $4 smartphone has been arrested on allegations of fraud, after a handset dealer accused the company of not refunding him for an unfulfilled order, the police said. Source
Posted On 24 Feb 2017

Beyond phones and 5G, mobile world seeks to reinvent itself

FRANKFURT/LONDON (Reuters) – Seeking to escape a cycle of falling prices and tight regulation, big telecom operators from Vimpelcom to Telefonica are set to reinvent themselves as internet players to escape the industry’s straight-jacket of low growth. Source
Posted On 24 Feb 2017

Bug causes personal data leak, but no sign of hackers exploiting: Cloudflare

SINGAPORE (Reuters) – A bug in its software left hundreds of thousands of webpages hosted by Cloudflare Inc leaking encrypted personal data, but there was no sign yet the leak had been exploited by hackers, the Internet security firm said on Friday. Source
Posted On 24 Feb 2017

Toshiba says not aware Westinghouse considering Chapter 11 filing

TOKYO (Reuters) – Toshiba Corp , responding to media reports, said on Friday it was not aware that its U.S. nuclear unit Westinghouse was considering filing for Chapter 11 protection from creditors – an option analysts say could jeopardize the entire group. Source
Posted On 24 Feb 2017

Electronics retailer hhgregg could file for bankruptcy next month: Bloomberg

(Reuters) – Appliances and electronics retailer hhgregg Inc is preparing to file for bankruptcy as soon as next month, Bloomberg reported on Friday. Source
Posted On 24 Feb 2017

Alphabet’s self-driving car unit sues Uber with trade theft charge

SAN FRANCISCO (Reuters) – Alphabet Inc’s Waymo self-driving car unit sued Uber Technologies [UBER.UL] and its autonomous trucking subsidiary Otto on Thursday over allegations of theft of its confidential and proprietary sensor technology. Source
Posted On 24 Feb 2017