Reuters Technology Report: June 12, 2017

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Monday, June 12, 2017

Exclusive: Foxconn says Apple, Dell part of its bid for Toshiba chip business

TAIPEI (Reuters) - Apple Inc, computing giant Dell Inc and Kingston Technology Co are members of a Foxconn-led consortium bidding for Toshiba Corp's chip unit, the CEO of the world's largest electronics manufacturer told Reuters on Monday.

Uber board adopts all recommendations from Eric Holder investigation

SAN FRANCISCO (Reuters) - The Uber Technologies Inc [UBER.UL] board of directors voted unanimously to adopt all recommendations from a report stemming from allegations of sexual harassment at the company and other employee concerns, a board representative said on Sunday.

JLR unit invests $25 million in Lyft to help develop self-driving cars

(Reuters) - Britain's biggest carmaker Jaguar Land Rover said its mobility services business, InMotion Ventures, would invest $25 million in U.S. ride services company Lyft Inc to help develop and test technology for self-driving cars.

Apple's Cook tells MIT graduates: temper technology with humanity

CAMBRIDGE, Mass. (Reuters) - Apple CEO Tim Cook on Friday warned graduates at MIT, a pioneer in fields like computers and robots, about technology's dehumanizing aspects and urged them to infuse its development with their own values.

Germany's Merkel says digital world needs global rules

MEXICO CITY (Reuters) - German Chancellor Angela Merkel said on Saturday that the digital world needs regulations like those that exist for financial markets in the G20 and for trade under the World Trade Organization.

Western Digital to raise Toshiba chip offer in last-ditch bid: source

TOKYO (Reuters) - Western Digital Corp plans to raise its offer for Toshiba Corp's prized semiconductor unit to $18 billion or more, a person familiar with the matter said, in a last-ditch effort to clinch a deal both companies consider vital.

Costs of bank cyber thefts hit SWIFT profit last year

LONDON (Reuters) - Dealing with cyber hacks on banks ate into profit last year at the SWIFT messaging system, which financial institutions use to move trillions of dollars each day.

German election director eyes possible quiet period before election

BERLIN (Reuters) - Germany should consider imposing a "quiet period" immediately before the federal election in September, similar to a media policy in place in France, election director Dieter Sarreither said, amid concerns about possible meddling by Russia.

EU antitrust regulators to investigate $38 billion Qualcomm, NXP deal

BRUSSELS (Reuters) - EU antitrust authorities opened an investigation on Friday into Qualcomm's $38-billion bid for NXP Semiconductors , ratcheting up pressure on the U.S. smartphone chipmaker to offer concessions to address their concerns.

Born-again BlackBerry: Canadian icon hopes to ride trucks to growth

BOLTON, Ontario (Reuters) - A visit to trucking firm Titanium Transportation helps explain why BlackBerry's stock is once again a darling in Canadian markets, having soared 70 percent in two months.

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