Technology News
Western Digital to seek injunction to block Toshiba's $18 billion chip unit sale9/26/2017 11:20:28 AMTOKYO - Western Digital Corp said on Tuesday it will seek an injunction to block the sale of Toshiba Corp's prized semiconductor business to a rival group, upping the ante in an acrimonious battle with its chip venture partner.Alibaba takes control of logistics business, pledges $15 billion to expand network9/26/2017 11:12:37 AMHONG KONG/BEIJING - Chinese e-commerce firm Alibaba Group has taken control of logistics unit Cainiao and pledged to spend 100 billion yuan ($15 billion) over five years to build out a global logistics network, underscoring aggressive expansion plans overseas.Self-driving car advocates launch ad campaign to prod Congress9/26/2017 10:04:10 AMWASHINGTON - A coalition of supporters of self-driving cars said on Tuesday that it will run ads this week in social media and Washington newspapers, in an effort to convince the U.S. Congress to adopt sweeping legislation to boost the nascent industry.F1 team uses racing car technology to keep newborns safe in ambulances9/26/2017 10:27:02 AMGROVE, England - A Formula One racing team is employing technology that helps racing drivers survive high speed crashes to create a new device that keeps newborn babies safe during emergency transportation.China's Ant brings in CK Hutchison as Hong Kong payments partner9/26/2017 11:36:59 AMBEIJING - Ant Financial, the payment affiliate of Alibaba Group Holding Ltd, said it will create a joint venture this year with CK Hutchison Holdings Ltd to operate its payment app in Hong Kong, ending Ant's solo management of the service.Tech stocks sell-off deepens fears of shift away from sector9/25/2017 7:52:11 PMSAN FRANCISCO - Technology stocks including Facebook , Microsoft and Alphabet dropped sharply on Monday, increasing worries that the top-performing sector is falling out of favor as investors look elsewhere for cheaper opportunities.Deloitte hacked, says 'very few' clients affected9/25/2017 6:06:57 PMLONDON/TORONTO - Global accounting firm Deloitte [DLTE.UL] said on Monday it was the victim of a cyber attack that affected the data of a small number of clients, providing few details on the breach.SEC chairman belatedly learned of 2016 agency hack: testimony9/25/2017 10:30:54 PMWASHINGTON - The chairman of the U.S. Securities and Exchange Commission belatedly found out in August, about three months after being confirmed, that hackers breached the regulator's database of corporate announcements in 2016, according to prepared congressional testimony seen by Reuters on Monday.Carnegie Mellon professor named CEO of Canadian AI institute9/26/2017 1:28:02 AMTORONTO - A Toronto artificial intelligence institute set up in March with more than $150 million of public and private funding has named Carnegie Mellon professor Garth Gibson as its first chief executive.Apple shares flirt with correction territory9/25/2017 11:50:26 PMSAN FRANCISCO - Shares of Apple Inc dipped on Monday and flirted with correction territory following a report that the company had told suppliers to scale back shipments of parts for its upcoming iPhone X.