Reuters Technology Report: June 27, 2017

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Tuesday, June 27, 2017

EU hits Google with record 2.42 billion euro antitrust fine

BRUSSELS (Reuters) - EU antitrust regulators hit Alphabet unit Google with a record 2.42-billion-euro ($2.7 billion) fine on Tuesday, indicating they will likely take a tough line with the company in two other ongoing cases.

With Alphabet, Google faces a daunting challenge: organizing itself

SAN FRANCISCO (Reuters) - Google’s self-professed mission is to organize the world’s information. But a company known for engineering excellence is still trying to solve the very human problem of how to organize itself.

Exclusive: Ericsson scraps push for new clients beyond telecoms

LONDON/STOCKHOLM (Reuters) - Ericsson has ditched its goal of winning more clients beyond the telecoms industry to refocus on selling networks to mobile phone companies in a move to cut costs and halt a dramatic fall in its share price.

Volvo and Autoliv team up with Nvidia for self-driving cars

STOCKHOLM (Reuters) - Volvo Cars and Swedish car safety supplier Autoliv have signed a deal with U.S. firm Nvidia Corp , best known for its graphics technology in computer games, to develop software systems for self-driving cars.

France's JCDecaux, America Movil create joint advertising venture in Mexico

(Reuters) - France's JCDecaux will create a joint venture with Mexican telecommunications group America Movil, it said on Tuesday, as part of the outdoor advertising company's drive to expand in Latin America.

Ubisoft founding family raises stake to ward off Vivendi

PARIS (Reuters) - France's Guillemot family has raised its stake in videogames maker Ubisoft , according to a stock market filing released on Tuesday, as part of their ongoing battle to fend off Vivendi's rival interest in the company.

At last minute, Western Digital resubmits bid for Toshiba chip unit

TOKYO (Reuters) - Western Digital Corp said it and U.S. private equity firm KKR & Co LP have resubmitted a bid for Toshiba Corp's prized flash memory chip unit - an eleventh hour effort to prevent Toshiba signing a deal with its preferred bidder.

Apple CEO touts India impact in push for deeper market access

(Reuters) - Apple CEO Tim Cook on Sunday highlighted the economic impact the company is having on India in a meeting with its prime minister as the iPhone maker seeks deeper access to the world's third-largest smartphone market behind the United States and China.

Charter, Comcast explore wireless partnership with Sprint: sources

(Reuters) - U.S. wireless carrier Sprint Corp is in talks with Charter Communications Inc and Comcast Corp about a partnership to boost the two U.S. cable companies' wireless offerings, according to sources familiar with the matter.

Social media giants step up joint fight against extremist content

BRUSSELS (Reuters) - Social media giants Facebook, Google's YouTube, Twitter and Microsoft said on Monday they were forming a global working group to combine their efforts to remove terrorist content from their platforms.

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