Reuters Technology Report: October 7, 2016

Click to View in Browser Friday, October 7, 2016 Samsung sees third quarter profit jump as chip surge eases smartphone recall blues SEOUL (Reuters) - South Korea's Samsung Electronics Co expects third-quarter profit grew 5.6 percent, beating estimates, as a pickup in chip and display earnings likely offset the impact of a global smartphone recall that has roiled the tech giant. Sony to return image sensors to full capacity on smartphone pickup KIKUYO-MACHI, Japan (Reuters) - Sony Corp's image sensor production will return to full capacity in the October-March half-year due to a pickup in smartphone demand, having spent part of the past year running just under full strength, the head of its chip-making subsidiary said. Snapchat parent working on IPO valuing firm at $25 billion or more: WSJ (Reuters) - Photo-sharing app Snapchat's parent is working on an initial public offering that could value the company at $25 billion or more, the Wall Street Journal reported, citing several people familiar with the matter. Verizon pushes for $1 billion discount on Yahoo deal: New York Post (Reuters) - Verizon Communications is pressing for a $1 billion discount off its pending $4.8 billion agreement to buy Yahoo , the New York Post reported, citing sources. United Tech to cut pension liabilities by $1.77 billion (Reuters) - United Technologies Corp, maker of Pratt & Whitney engines, said on Thursday it would cut the overall size of its pension liabilities by about $1.77 billion in 2016. America Movil shareholders approve delisting from Nasdaq, Latibex MEXICO CITY (Reuters) - Shareholders of Mexican telecoms giant America Movil (AMXL.MX) have approved a proposal to delist shares from the Nasdaq and Latibex stock exchanges, the company said in a regulatory filing on Thursday. Twitter shares plunge on report bidders are scarce (Reuters) - Twitter Inc shares plunged on Thursday as fears mounted that a much-anticipated auction of the social media company will draw minimal interest from potential buyers. Apple shares perk up after strong report from iPhone chip supplier SAN FRANCISCO (Reuters) - Shares of Apple Inc rose 1 percent on Thursday after German supplier Dialog Semiconductor Plc said its quarterly revenue were higher than expected, adding to recent enthusiasm about demand for the newest iPhone. FCC to vote on revised broadband privacy regulations WASHINGTON (Reuters) - The U.S. Federal Communications Commission will vote on Oct. 27 on a revised proposal for rules to safeguard privacy of broadband users. Judge questions Airbnb stance on San Francisco rental law SAN FRANCISCO (Reuters) - A U.S. judge expressed skepticism toward a bid by Airbnb to halt a San Francisco law that imposes fines on home rental companies for processing bookings by hosts not registered with the city. Related Video FBI probes NSA suspect in "Shadow Brokers" hack Laundry-folding robot takes on time-consuming chore 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