Reuters Technology Report: October 13, 2016

Click to View in Browser Thursday, October 13, 2016 Foreign investors sue Toshiba over accounting scandal TOKYO (Reuters) - A group of investors, mostly foreign institutions, are suing Toshiba Corp in a Tokyo court for 16.7 billion yen ($162.3 million) in damages, over a $1.3 billion accounting scandal uncovered last year. Samsung offers financial incentives to stem Note 7 bleeding SEOUL (Reuters) - Samsung Electronics on Thursday offered financial incentives for U.S. and South Korea customers who exchange Note 7s for other products or refund them, as the tech giant scrambles to shore up its reputation in the wake of a damaging safety crisis. Foxconn buys S&T shares in capital hike FRANKFURT (Reuters) - Taiwan's Ennoconn, part of the world's largest contract electronics manufacturer Foxconn, has bought new shares in Austrian IT group S&T AG from a 10 percent capital increase and will further raise its holding to 29.4 percent, S&T said. Taiwan's TSMC lifts 2016 revenue forecast after third-quarter surge; analysts see iPhone 7 boost TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co (TSMC) raised its forecast for 2016 revenue after setting new profit and sales records in the third quarter, as analysts said it was riding high on supplying parts for Apple Inc's new iPhone 7. Samsung's woes highlight explosive limits of lithium batteries SINGAPORE (Reuters) - Lithium-based batteries have been powering our portable devices for 25 years. Amazon to hire 120,000 temporary workers for holiday season (Reuters) - Amazon.com Inc said on Thursday it would hire more than 120,000 seasonal employees across its fulfillment centers, sortation centers and customer service sites in the United States in the upcoming holiday season. Tesla to provide plans for combined company before SolarCity merger vote (Reuters) - Tesla Motors Inc said on Wednesday it will provide strategic and product plans for a combined company of the electric automaker and SolarCity Corp ahead of a Nov. 17 merger vote by shareholders of both companies. Snapchat picks Morgan Stanley, Goldman to lead IPO: sources (Reuters) - U.S. photo-sharing app Snapchat has chosen Morgan Stanley and Goldman Sachs Group Inc as lead underwriters for an initial public offering that could come as early as March, a source familiar with the situation said on Wednesday. Samsung Electronics shares rise for first time in four days SEOUL (Reuters) - Samsung Electronics Co Ltd shares opened up 1 percent on Thursday, rebounding for the first time after three straight days of falls following its decision to permanently end sales of its fire-prone Galaxy Note 7 smartphones. Amazon challenges Apple and Spotify with new music streaming service (Reuters) - Amazon.com Inc on Wednesday launched a full-fledged music streaming service with subscriptions as low as $3.99 per month for owners of its Amazon Echo speaker, accelerating the industry trend toward more flexible pricing after years of sticking to $9.99 subscriptions. Related Video Golden opportunity for mobile metal extraction Driverless car tested on UK streets Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2016 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook