Reuters Technology Report: January 6, 2017

Click to View in Browser Friday, January 6, 2017 Exclusive: China's ZTE to slash about 3,000 jobs - sources HONG KONG (Reuters) - Chinese telecom equipment maker ZTE , which is facing U.S. trade sanctions that could severely disrupt its supply chain, is slashing about 3,000 jobs, including a fifth of positions in its struggling handset business in China, company sources said. Google pushes virtual reality harder with new phones from partners (Reuters) - Alphabet Inc's Google quickened the pace of its push into virtual and augmented reality this week as its hardware partners announced new devices featuring the company's technology at the CES electronics show in Las Vegas. Toshiba to meet banks Tuesday, loan waiver expected: sources TOKYO (Reuters) - Toshiba Corp plans to meet with creditor banks on Tuesday to explain how it is addressing a massive charge that the Japanese company says it must take on its U.S. nuclear business, three bankers briefed on the meeting said. China central bank urges rational investment in bitcoin BEIJING (Reuters) - China's institutional and individual investors should take a rational approach to investing in virtual currencies such as bitcoin, the central bank said on Friday. Samsung Electronics forecasts fourth-quarter profit at over three-year high SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its fourth-quarter profit likely leapt 50 percent from a year earlier to its highest level in more than three years, beating expectations on strong chip sales and a smartphone rebound. LG Electronics estimates first quarterly operating loss in six years SEOUL (Reuters) - South Korea's LG Electronics Inc estimated on Friday it fell to its first quarterly operating loss in six years in October-December, a drop that analysts pinned on continued mobile losses and seasonally weaker appliances sales. China nibbles at Samsung share to take 50 percent of India's smartphone market MUMBAI (Reuters) - Chinese brands took their largest ever slice of the $10-billion Indian smartphone market in late 2016, accounting for more than one in every two phones sold - a growing market share that ate into sales from top-selling Samsung Electronics. U.S. sues D-Link, alleges lax security in routers, cameras WASHINGTON/BOSTON (Reuters) - The U.S. Federal Trade Commission filed a lawsuit against D-Link Corp on Thursday, accusing the Taiwan-based manufacturer of failing to take reasonable steps to protect its routers and internet-linked security cameras from hackers. Verizon executive says company unsure about Yahoo deal (Reuters) - A senior Verizon Communications Inc executive said on Thursday that the company was unsure about its planned acquisition of Yahoo Inc's internet business. Bitcoin plunges as much as 20 percent as Chinese yuan soars LONDON (Reuters) - A dramatic rally in digital currency bitcoin came to a spectacular end on Thursday with a plunge of up to 20 percent as China's yuan rose sharply - further evidence of an intriguing inverse relationship between the pair. Related Video VR Auschwitz helps police uncover Nazi crimes Toyota's AI concept car and Sony's OLED TVs impress at CES 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 2017 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