Reuters Technology Report: November 3, 2016

Click to View in Browser Thursday, November 3, 2016 Alphabet's Google moves to upgrade app store SAN FRANCISCO (Reuters) - Alphabet Inc's Google is redoubling efforts to help developers of Android mobile apps build their businesses as concerns mount that the app economy has reached saturation. U.S. Commerce chief warns against China semiconductor investment binge WASHINGTON (Reuters) - Massive government investment in China's semiconductor industry risks distorting the global market for integrated circuits, leading to damaging overcapacity and stifling innovation, U.S. Commerce Secretary Penny Pritzker has warned. China's Lenovo swings to second-quarter profit on property sale HONG KONG (Reuters) - China's Lenovo Group Ltd , the world's largest personal computer (PC) manufacturer by shipments, on Thursday said it returned to profit in its second fiscal quarter, beating analyst estimates, due primarily to gains from an asset sale. Samsung Electronics reviewing ways to limit Note 7 environment impact SEOUL (Reuters) - Samsung Electronics Co Ltd said on Thursday it was reviewing options to limit the potential environmental impact from the firm's discontinuation of the Galaxy Note 7 smartphones. Renault eyes $8,000 electric car for China PARIS (Reuters) - Renault's low cost electric car program is aiming for a price tag of $8,000 or less after Chinese incentives, Chief Executive Carlos Ghosn said on Thursday. Thai Kasikornbank, IBM join forces on blockchain network BANGKOK (Reuters) - Thailand's Kasikornbank Pcl has joined with the Thai unit of International Business Machines Corp to develop blockchain services in a bid to save costs and speed up transaction process, the companies said on Thursday. Facebook warns growth will slow, shares dip (Reuters) - Facebook Inc shares tumbled 7 percent in after-hours trading on Wednesday as the world's largest online social media network warned that revenue growth would slow this quarter, offsetting strong earnings that handily beat Wall Street estimates. Chipmaker Broadcom to buy network gear maker Brocade for $5.5 billion (Reuters) - Chipmaker Broadcom Ltd said it would buy Brocade Communications Systems Inc for $5.5 billion, pushing deeper into the fast-growing market for network equipment used in data centers. Fitbit forecasts dismal holiday quarter, shares sink (Reuters) - Wearable fitness device maker Fitbit Inc's revenue forecast for the key-holiday shopping quarter fell well below of analysts' estimates, hurt by soft demand and production issues related to its new Flex 2 wristband. Automakers are responsible for Takata air bag recalls: NHTSA (Reuters) - Automakers have "ultimate responsibility" for the costs of replacing potentially deadly Takata Corp airbags, no matter what happens to the Japanese supplier, the top U.S. vehicle safety regulator said on Wednesday. Related Video Airbag bicycle helmets may be safer than conventional foam versions Stressed out mosquitoes die more easily, researchers find 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