Reuters Technology Report: February 17, 2017

Click to View in Browser Friday, February 17, 2017 Samsung chief Lee arrested as South Korean corruption probe deepens SEOUL (Reuters) - Samsung Group chief Jay Y. Lee was arrested on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the technology giant and standard-bearer for Asia's fourth-largest economy. Snap lowers valuation expectations in highly awaited IPO (Reuters) - Snap Inc , owner of the popular messaging app Snapchat, set a lower-than-expected valuation range on Thursday, amid mounting investor concern over its unproven business model, slowing growth and tight founder control. S&P downgrade warning sends Toshiba shares falling TOKYO (Reuters) - S&P Global Inc said in a report on Friday it could cut its rating of Toshiba Corp credit by several notches should the Japanese firm receive financial support that includes debt restructuring, sending Toshiba stock down 9 percent. Facebook CEO warns against reversal of global thinking SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg laid out a vision on Thursday of his company serving as a bulwark against rising isolationism, writing in a letter to users that the company's platform could be the "social infrastructure" for the globe. Apple to start India manufacturing in coming months with iPhone SE: source MUMBAI (Reuters) - Apple Inc will in the coming months start assembling its lower-priced iPhone SE models at a contract manufacturer's plant in the southern Indian technology hub of Bengaluru, an industry source with direct knowledge of the matter said on Friday. Rheinmetall, Raytheon to cooperate in defence technology FRANKFURT (Reuters) - German and U.S. defence groups Rheinmetall and Raytheon have signed a memorandum of understanding to cooperate globally on defence technology, they said in a joint statement on Friday. AT&T expands access to unlimited plan after Verizon launch NEW YORK (Reuters) - AT&T Inc said on Thursday it would make its unlimited data plan available to all wireless customers who pay a monthly bill, days after rival Verizon Communications Inc announced an unlimited option. Auto union courts Tesla workers, amplifies 'buy American' message DETROIT (Reuters) - United Auto Workers President Dennis Williams said on Thursday the union is contacting workers at Silicon Valley electric car maker Tesla Inc , and plans to boost efforts to convince U.S. consumers not to buy vehicles built in other countries, including those sold by the Detroit automakers. Spotify-backed Soundtrack Your Brand raises $22 million for expansion STOCKHOLM (Reuters) - Soundtrack Your Brand (SYB), which provides a background music streaming service for businesses, said on Friday it had raised $22 million in a funding round led by Nordic venture capital fund Industrifonden and UK's Balderton Capital. Mattel partners with parenting website to expand China presence (Reuters) - Barbie maker Mattel Inc said it would partner with Chinese parenting website Babytree to create an online learning platform for early childhood development, the latest in the No. 1 U.S. toymaker's push into China. Related Video Verizon looking to cut Yahoo deal price - Sources Brain damage in former players fuels soccer 'heading' fears 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