Reuters Technology Report: May 4, 2017

Click to View in Browser Thursday, May 4, 2017 Apple to create $1 billion U.S. advanced manufacturing fund SAN FRANCISCO (Reuters) - Apple Inc plans to create a $1 billion fund to invest in U.S. companies that perform advanced manufacturing, Chief Executive Officer Tim Cook said on Wednesday, the iPhone maker's latest effort to show how it is creating U.S. jobs. Imagination Tech starts dispute process with Apple LONDON (Reuters) - Imagination Technologies said it had started a "dispute resolution procedure" with Apple, its biggest customer, after failing to resolve a standoff over licensing between the two companies. WhatsApp back online after global outage of 'a few hours' (Reuters) - WhatsApp, a popular messaging service owned by Facebook Inc, suffered a widespread global outage on Wednesday that lasted for several hours before being resolved, the company said. Facebook shares dip from high as investors fret over costs, future profit (Reuters) - Facebook Inc reported surging quarterly profit and revenue on Wednesday, helped by its fast-growing mobile ad business, but its shares dipped from a record high in after-hours trading as investors showed some nervousness about future earnings. Infineon second-quarter oper profit slightly below expectations FRANKFURT (Reuters) - German chipmaker Infineon on Thursday stuck with its full-year guidance, which it raised in March, after reporting slightly weaker-than-expected quarterly operating profit. Faurecia, ZF partner to develop 'cockpit of the future' for self-driving cars (Reuters) - French car parts supplier Faurecia said it signed a partnership agreement with German company ZF to develop interior and safety technologies for self-driving cars, dubbing it the "cockpit of the future". Infosys plays down cost concerns from U.S. hiring plan MUMBAI (Reuters) - Infosys played down concerns about cost pressures from a plan to hire 10,000 U.S. workers and boost its on-the-ground U.S. presence, saying it will enable faster deployment of staff in newer, more profitable projects in areas like big data and cloud. Spam campaign targets Google users with malicious link (Reuters) - Alphabet Inc warned its users to beware of emails from known contacts asking them to click on a link to Google Docs after a large number of people turned to social media to complain that their accounts had been hacked. Tesla plugs older Model S as new buyers turn to Model 3 SAN FRANCISCO (Reuters) - Electric-car maker Tesla Inc on Wednesday reported first-quarter revenue that more than doubled, and while saying the upcoming Model 3 was on schedule for July, it downplayed the mass-market vehicle to give a sales pitch for its more expensive Model S. Fitbit blazes past its revenue forecast, shares rise (Reuters) - Wearable device maker Fitbit Inc reported quarterly revenue above its own forecast, and said launches planned for this year were on track, sending the company's shares up 7.2 percent in after-market trading on Wednesday. Related Video Uber at the center of a high stakes lawsuit Microsoft, Apple scramble to keep up with Google school success 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