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  • Apple cuts current-quarter production plan for new iPhones by 10 percent: Nikkei

    January 9, 2019 7:26 AM 121

    (Reuters) - Apple Inc (AAPL.O), which slashed its quarterly sales forecast last week, has reduced planned production for its three new iPhone models by about 10 percent for the January-March quarter, the Nikkei Asian Review reported on Wednesday. That rare forecast cut exposed weakening iPhone demand in China, the world’s biggest smartphone market, where

  • Boeing unveils refreshed jet concept with ultra-thin wings

    January 8, 2019 10:44 PM 122

    SAN DIEGO (Reuters) - Boeing Co unveiled a speedier and higher-flying version of a concept plane on Tuesday aimed at sharply reducing fuel use thanks to its elongated ultra-light wings. The so-called Transonic Truss-Braced Wing aircraft boasts a 170-foot (52 meter) wingspan that sits atop the fuselage and is braced from underneath by a truss in a design

  • India forms panel to deepen digital payments, led by Infosys' Nilekani

    January 8, 2019 1:02 PM 134

    MUMBAI (Reuters) - India’s central bank on Tuesday said it has constituted a panel with Infosys chairman Nandan Nilekani as its head in a bid to deepen digital payments in Asia’s third-biggest economy. The five-member panel, which includes a former deputy governor of the Reserve Bank of India (RBI), will identify ways to widen financial inclusion via the use of digital

  • Japanese billionaire's Twitter post becomes historic after offering people cash

    January 8, 2019 9:12 AM 115

    Japanese billionaire Yusaku Maezawa speaks after SpaceX founder and chief executive Elon Musk announced him as the person who would be the first private passenger on a trip around the moon, Monday, Sept. 17, 2018, in Hawthorne, Calif. (AP Photo/Chris Carlson) A Japanese billionaire has become the author of the most retweeted post ever on Twitter after

  • SoftBank to slash planned WeWork investment: FT

    January 7, 2019 7:39 PM 113

    (Reuters) - SoftBank Corp is in talks to invest $2 billion in U.S. shared office space provider WeWork Cos Inc this year, a much lower amount than the $16 billion discussed towards the end of last year, the Financial Times reported on Monday. The deal will now not include the participation of SoftBank’s Vision Fund, which had been a major backer of SoftBank’s

  • Apple branches out with iTunes, AirPlay 2 for third-party TVs

    January 7, 2019 5:00 PM 117

    FILE - In this Aug. 8, 2017, file photo, the Apple logo is shown at a store in Miami Beach, Fla. (AP Photo/Alan Diaz, File) LAS VEGAS—Apple has for years carefully maintained a walled garden for its streaming video features and services. Watching content on iTunes requires some form of Apple device, whether it's an iPhone, iPad, or Apple TV. And if you want to stream

  • Sprint to debut 5G smartphones with Samsung in U.S. in summer

    January 7, 2019 3:45 PM 114

    (Reuters) - U.S. wireless carrier Sprint Corp said on Monday it plans to release 5G smartphones with Samsung Electronics Co Ltd in the United States during the summer. Last month, rival Verizon Communications Inc disclosed similar plans for the first half of 2019. 5G can offer data speeds up to 50 or 100 times faster than current 4G networks. As part of the rollout

  • Hill-Rom, Wells Fargo's VC invest in Israel's EarlySense

    January 7, 2019 2:20 PM 107

    TEL AVIV (Reuters) - EarlySense, an Israeli maker of medical monitoring systems, said on Monday it raised $39 million in financing led by medical technology firm Hill-Rom and Wells Fargo Strategic Capital, the venture capital arm of Wells Fargo & Co. Other new investors include BlueRed Capital, Israel Innovation Fund, Argos Capital and Hotung Capital

  • Ford plans new wireless tech for cars starting 2022

    January 7, 2019 2:14 PM 108

    (Reuters) - Ford Motor Co (F.N) said on Monday it plans to roll out a wireless technology for its new vehicle models in the United States, starting 2022, that will allow direct communication between connected devices. The new technology called C-V2X, or cellular vehicle-to-everything,  would augment sensors used in self-driving cars making the vehicle's

  • Turkey to investigate whether Google violated competition law

    January 7, 2019 2:05 PM 99

    ANKARA (Reuters) - Turkey’s competition authority said on Monday it had launched an investigation into whether internet search engine Google broke competition law with algorithms it uses for searches and to target advertisements. The probe follows a complaint that Alphabet Inc’s Google unit had “abused its dominant position and made the efforts of other