Reuters - Technology Report

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Friday, December 8, 2017

Ericsson may make Digital goodwill impairment after revamp

STOCKHOLM (Reuters) - Ericsson said on Friday it may have to book a goodwill impairment in its struggling digital services and media businesses, potentially hitting the Swedish mobile network equipment maker's operating income but not its cashflow.

Toshiba, Western Digital aiming to settle chip dispute next week: sources

TOKYO (Reuters) - Toshiba Corp and Western Digital Corp have agreed in principle to settle a dispute over the Japanese firm's plans to sell its $18 billion chip unit and aim to have a final agreement in place next week, sources familiar with the matter said.

Exclusive: Uber's Chinese rival Didi Chuxing to enter Mexico next year - sources

MEXICO CITY/SAN FRANCISCO (Reuters) - Didi Chuxing, China's ride-hailing behemoth, plans to expand into Mexico next year, intensifying its global rivalry with Uber, according to two sources familiar with the plans.

SoftBank to invest $300 million in food delivery firm DoorDash: Recode

(Reuters) - SoftBank Group Corp plans to invest around $300 million into DoorDash, a San Francisco-based food delivery startup, Recode reported.

Exclusive: Bangladesh Bank, NY Fed discuss suing Manila bank for heist damages

DHAKA (Reuters) - Bangladesh's central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world's biggest cyber-heists, several sources said.

Alibaba redraws retail fault lines with bricks-and-mortar push

HANGZHOU, China (Reuters) - In a small village shop near the eastern Chinese city of Hangzhou, store owner Lu Qiwei uses his smartphone to place orders to refill stocks of instant noodles, rice and drinks.

AT&T/Time Warner antitrust trial set for March

WASHINGTON (Reuters) - The trial to determine if the U.S. Department of Justice can stop AT&T Inc's $85 billion purchase of media company Time Warner Inc will begin on March 19 with no decision expected before the companies' April 22 deadline to complete the deal, a federal judge said on Thursday.

YouTube to launch music subscription service next year: Bloomberg

(Reuters) - Alphabet Inc's YouTube plans to introduce a paid music streaming service in March, Bloomberg reported on Thursday, citing people familiar with the matter.

Instagram testing standalone Direct messaging app

(Reuters) - Facebook Inc's Instagram said on Thursday it was testing a standalone messaging app called Direct, making it the company's third chat tool alongside its hugely popular WhatsApp and Messenger.

Walmex expands Wi-Fi in Mexican stores, pushing online shopping

MEXICO CITY (Reuters) - Wal-Mart de Mexico said on Thursday that it will install Wi-Fi throughout all but one of its chains in Mexico by next summer, in an attempt to collect user data and drive online sales by familiarizing shoppers with technology.