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China, Europe drive shift to electric cars as U.S. lags

DETROIT (Reuters) – Electric cars will pick up critical momentum in 2017, many in the auto industry believe – just not in North America. Source
Posted On 16 Jan 2017

Samsung Electronics probe finds battery was main cause of Note 7 fires: source

SEOUL (Reuters) – A Samsung Electronics Co Ltd investigation into what caused some Galaxy Note 7 smartphones to catch fire has concluded that the battery was the main reason, a person familiar with the matter told Reuters on Monday. Source
Posted On 16 Jan 2017

South Korea prosecutor seeks arrest of Samsung chief for bribery

SEOUL (Reuters) – South Korea’s special prosecutor on Monday sought a warrant to arrest the head of Samsung Group [SAGR.UL], the country’s largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye. Source
Posted On 16 Jan 2017

Airbus CEO sees ‘flying car’ prototype ready by end of year

MUNICH (Reuters) – Airbus Group plans to test a prototype for a self-piloted flying car as a way of avoiding gridlock on city roads by the end of the year, the aerospace group’s chief executive said on Monday. Source
Posted On 16 Jan 2017

Oracle opens start-up accelerator in Israel for cloud innovation

TEL AVIV (Reuters) – U.S. software provider Oracle Corp said on Monday it was opening an accelerator program in Israel for startups developing cloud technologies or whose technologies are based in the cloud. Source
Posted On 16 Jan 2017

South Korea investigators mull arrest warrant for Samsung leader: Yonhap

SEOUL (Reuters) – South Korean special prosecutor’s office is considering whether to seek an arrest warrant for Samsung Group leader Jay Y. Lee amid a probe into an influence-peddling scandal involving President Park Geun-hye, Yonhap News Agency reported on Friday. Source
Posted On 13 Jan 2017

Chinese tech giant’s Taiwan deals unravel as Powertech calls off share pact

TAIPEI (Reuters) – Taiwan’s Powertech Technology Inc said Friday it was terminating a share agreement with China’s Tsinghua Unigroup Ltd, unraveling more than $2 billion in deal-making that the state-run Chinese giant had hoped to seal on the island. Source
Posted On 13 Jan 2017

Taiwan’s Hon Hai, Japan’s Sharp considering LCD plant in U.S.: Nikkei

TOKYO (Reuters) – Taiwan’s Hon Hai Precision Industry Co Ltd and its Japanese subsidiary Sharp Corp are studying the possibility of building a liquid crystal display (LCD) plant in the United States, the Nikkei reported on Friday. Source
Posted On 13 Jan 2017

Amazon to add more than 100,000 jobs in U.S. hiring spree

NEW YORK/WASHINGTON (Reuters) – Amazon.com Inc on Thursday said it will create more than 100,000 jobs in the United States, from software development to warehouse work, in its latest move to win over shoppers by investing in faster delivery. Source
Posted On 13 Jan 2017

AT&T chief executive, Trump meet amid planned Time Warner merger

NEW YORK (Reuters) – AT&T Inc Chief Executive Randall Stephenson on Thursday met in New York with U.S. President-elect Donald Trump, an opponent of the company’s acquisition of Time Warner Inc . Source
Posted On 13 Jan 2017