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Technology

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  • DXC Technology to buy software development company Luxoft for $2 billion

    January 7, 2019 12:59 PM 102

    (Reuters) - IT and consulting services provider DXC Technology Co said on Monday it would buy software development company Luxoft Holding Inc for about $2 billion to expand its digital offerings to the financial and automotive sectors. Luxoft shareholders will get $59 per share in cash, representing a premium of about 86 percent to the company’s closing

  • Hamburg working with Irish authorities to stop spread of German data

    January 4, 2019 4:59 PM 94

    BERLIN (Reuters) - The German city-state of Hamburg on Friday said it was working with Irish data protection authorities to stop the spread of German politicians’ data via the social media platform Twitter (TWTR.N). The city’s data protection agency said the Twitter account used to spread personal data has been deleted, but it has not received an answer

  • Huawei employees punished for tweeting from an iPhone

    January 4, 2019 3:18 PM 102

    File photo - An employee holds an iPhone Apple XR during the press visit of the new Apple Store Champs-Elysees on Nov. 15, 2018 in Paris, France. (Photo by Chesnot/Getty Images) When you work for the digital marketing team of a smartphone manufacturer, the last thing you should be doing is using a rival's hardware to post messages on behalf of the company

  • Playtech to pay 28 million euros after Israeli tax audit

    January 2, 2019 7:36 AM 109

    (Reuters) - Gambling software company Playtech will pay 28 million euros ($32.16 million) under a settlement with Israeli tax authorities following an audit of its accounts for the years from 2008 to 2017, the company said on Wednesday. Playtech, which warned last month that an Italian gambling tax law change would hurt 2019 adjusted core earnings, said no penalties

  • Israel's Bezeq fined for failure to sell wholesale phone service

    December 30, 2018 9:04 AM 97

    JERUSALEM (Reuters) - Bezeq Israel Telecom (BEZQ.TA) said on Sunday it received notice of an 11.2 million shekel ($3 million) fine from the country’s telecoms regulator for failure to sell wholesale landline phone service to competitors. “The company is studying the decision and weighing the filing of a petition against it,” Bezeq said in a statement

  • U.S. OneWeb satellite service has not offered stake to Russia

    December 29, 2018 8:42 AM 111

    MOSCOW (Reuters) - The U.S. satellite startup OneWeb, which plans to create a worldwide internet network using satellites, said on Friday that it had not offered the Russian government a stake in the project. Sources had earlier told Reuters that OneWeb had offered to sell a 12.5 percent stake to Russia, a move it hoped would allay Moscow’s concerns

  • Yankees in talks with Amazon, Sinclair to bid for Yes Network: WSJ

    December 28, 2018 2:20 PM 112

    (Reuters) - The New York Yankees are in talks with Amazon.com Inc and Sinclair Broadcast Group Inc about a joint bid for the team’s regional sports network, Yes, the Wall Street Journal reported on Friday, citing people familiar with the matter. The baseball team, which owns 20 percent of Yes, has also been talking to other potential partners including

  • Plantronics to pay $36 million to settle SEC investigation into Polycom

    December 26, 2018 11:10 PM 106

    (Reuters) - Headsets maker Plantronics Inc said on Wednesday it has entered an agreement with the U.S. Securities and Exchange Commission to settle an investigation into Polycom Inc, which it acquired in July. Plantronics will pay $36 million to settle the investigation, which began after Polycom reported it discovered evidence of “possible improper

  • Facebook tops the list of least-trusted tech companies

    December 26, 2018 6:02 PM 116

    Last week, the latest in a long string of Facebook privacy scandals came to light: According to a report in The New York Times, the company skirted its own privacy rules to give more than 150 companies, including Microsoft, Amazon, Netflix, and Spotify, special privileges to its users' data. This came days after disclosure of a bug exposing up to 6.8 million

  • Tesla cuts Model 3 prices in China

    December 23, 2018 3:34 PM 140

    BEIJING (Reuters) - Tesla Inc has slashed prices on its Model 3 electric car in China. According to the California-based electric carmaker’s Chinese website, prices of certain Model 3 cars were cut by up to 7.6 percent. The starting price for a Model 3 in China now is 499,000 yuan ($72,000). It was the third time in the last two months that Tesla has adjusted