Reuters Technology Report: March 14, 2017

Click to View in Browser Tuesday, March 14, 2017 Intel's $15 billion purchase of Mobileye shakes up driverless car sector JERUSALEM/DETROIT (Reuters) - Intel Corp agreed to buy Israeli autonomous vehicle technology firm Mobileye for $15.3 billion on Monday in a deal that could thrust the U.S. chipmaker into direct competition with rivals Nvidia Corp and Qualcomm Inc to develop driverless systems for global automakers. Charles Schwab launches hybrid human-robo financial advice NEW YORK (Reuters) - Brokerage Charles Schwab Corp on Tuesday launched a service that combines its automated investment management technology with human advisors, as financial institutions race to offer digital financial advice. Facebook bars developers from using data for surveillance SAN FRANCISCO (Reuters) - Facebook Inc barred software developers on Monday from using the massive social network's data to create surveillance tools, closing off a process that had been exploited by U.S. police departments to track protesters Verizon sought $925 million discount for Yahoo merger, got $350 million NEW YORK (Reuters) - Verizon Communications Inc sought almost triple the price reduction that it ultimately obtained for Yahoo Inc's core assets following two massive cyber attacks at the internet company, according to a Yahoo filing. Toshiba misses third-quarter deadline; considers strategic options for Westinghouse TOKYO (Reuters) - Japan's Toshiba Corp failed to submit audited third-quarter earnings for a second time on Tuesday, gaining a one month extension as its expands a probe into problems at its U.S. nuclear unit Westinghouse. Jailed Samsung chief can get plenty of visitors, may still play a corporate role SEOUL (Reuters) - The head of South Korea's Samsung Group [SAGR.UL], Jay Y. Lee, may be languishing in a jail cell but he is allowed plenty of visitors, which may allow him to play a key role in corporate decisions even if he isn't running the conglomerate like he did before. SoftBank's Son to meet Saudi King Salman on Tuesday in Tokyo: source TOKYO (Reuters) - SoftBank Group Corp Chairman Masayoshi Son will meet Saudi King Salman on Tuesday in Tokyo, a person briefed on the matter said, as the kingdom and the Japanese tech and investment firm proceed with plans to create a $100 billion technology-investment fund. Illinois comptroller stops payments for governor's computer modernization CHICAGO (Reuters) - Illinois' state comptroller has suspended $27 million in payments for a computer technology initiative launched by Republican Governor Bruce Rauner, according to a letter seen by Reuters, opening a new front in an ongoing feud over finances. China may roll back electric car quotas as industry pushes back BEIJING (Reuters) - China is considering easing proposed quotas aimed at producing more electric vehicles, as Beijing gets pushback from the automotive industry over the scale and pace of the plans. Networking software maker Citrix seeks buyers: sources (Reuters) - U.S. networking software company Citrix Systems Inc has been exploring strategic alternatives including a potential sale, people familiar with the matter said on Monday. Related Video Plug-and-play exoskeleton boosts autonomy for wheelchair users Intel shifts into fast lane with $15B Mobileye buy 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