Reuters Technology Report: February 14, 2017

Click to View in Browser Tuesday, February 14, 2017 Delays, confusion as Toshiba reports $6 billion nuclear hit and slides to loss TOKYO (Reuters) - After a day of delays and confusion, Japan's Toshiba Corp said on Tuesday it expected to book a $6.3 billion hit to its U.S. nuclear unit, a writedown that wipes out its shareholder equity and will drag the group to a full-year loss. South Korean prosecution again seeks arrest of Samsung chief SEOUL (Reuters) - South Korea's special prosecutor's office said on Tuesday it would again seek a warrant to arrest Samsung Group chief Jay Y. Lee, a suspect in a graft investigation that may topple President Park Geun-hye. ZTE warns of impact of U.S. sanction settlement penalties HONG KONG (Reuters) - Chinese telecom equipment maker ZTE Corp warned on Tuesday that penalties it expects to incur for allegedly breaking U.S. sanctions against Iran could impact its results. Daimler invests in smartphone-based vehicle finance app AutoGravity FRANKFURT (Reuters) - Daimler said on Tuesday it was investing a double-digit million euro amount into AutoGravity, a smartphone-based vehicle leasing and financing app as part of a broader push by the carmaker to build a digital platform for financial services. Murders, robberies of drivers in Brazil force Uber to rethink cash strategy SAO PAULO (Reuters) - On a Thursday night last September, Uber driver Osvaldo Luis Modolo Filho accepted a ride request from a teenage couple on the eastern edge of Sao Paulo, to be paid in cash. Apple hits record high but leaves some investors in dust SAN FRANCISCO (Reuters) - Apple shares cruised to a record-high close Monday, helping catapult the S&P 500 stock index over the $20 trillion mark in what amounts to a victory for plain-vanilla mutual funds over a bevy of hedge fund managers who recently backed away from the iPhone maker. Verizon's move to unlimited data ups ante in wireless war NEW YORK (Reuters) - Verizon Communications Inc's announcement that it will once again offer an unlimited pricing plan marks a shift in its thinking as a price war among the four biggest U.S. wireless carriers accelerates. Exclusive: Wal-Mart to tear down walls between store, online buying operations - sources CHICAGO (Reuters) - Wal-Mart Stores Inc for the first time will combine its own buying for products sold at its stores with purchases it makes for its website, sources said, a significant move to stamp out duplicate efforts as it consolidates buying operations to better fight Amazon.com Inc . New witness delays trial over bitcoin exchange tied to JPMorgan hack NEW YORK (Reuters) - The trial of two men was delayed on Monday in a case stemming from a probe into a bitcoin exchange and a data breach at JPMorgan Chase & Co after prosecutors revealed a new witness. Samsung chief grilled for 15 hours in South Korea graft probe SEOUL (Reuters) - Samsung Group [SAGR.UL] chief Jay Y. Lee was questioned by South Korea's special prosecutor for more than 15 hours as part of an investigation into a graft scandal that threatens to topple President Park Geun-hye. Related Video Scientists find crop-destroying caterpillar spreading across Africa A decades-long running solar-powered water maker 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