Reuters Technology Report: July 28, 2017

Click to View in Browser Friday, July 28, 2017 Amazon plows ahead with high sales and spending; profit plunges (Reuters) - Amazon.com Inc on Thursday reported a jump in retail sales along with a profit slump, as its rapid, costly expansion into new shopping categories and countries showed no sign of slowing. Exclusive: Not Made in America - Wal-Mart looks overseas for online vendors CHICAGO (Reuters) - Walmart.com, trailing Amazon.com Inc in the number of goods for sale on its website, is recruiting vendors in China and other countries to boost its online offerings in a pivot away from Wal-Mart's Made-in-America campaign. China's Ofo in talks to raise $1 billion, led by SoftBank: sources HONG KONG (Reuters) - Chinese startup Ofo is in talks to raise $1 billion in a new funding round led by Japan's SoftBank Group, people familiar with the matter said, in what would be the largest fund-raising in the nation's bike-sharing business. Xiaomi gains new $1 billion loan to drive retail push, expansion overseas SHANGHAI (Reuters) - Chinese smartphone maker Xiaomi Inc said on Friday it had signed a deal for a new $1 billion loan to accelerate its drive into brick-and-mortar stores and help a push overseas. Sharp returns to first quarter profit on Foxconn's cost-cut drive, beats estimates TOKYO (Reuters) - Japan's Sharp Corp reported its third consecutive quarter of net profit on Friday, staying on track to achieve its first annual profit in four years following a cost-cutting drive under Taiwanese owner Foxconn. Flush times for hackers in booming cyber security job market LAS VEGAS (Reuters) - The surge in far-flung and destructive cyber attacks is not good for national security, but for an increasing number of hackers and researchers, it is great for job security. GM Cadillac chief outlines plan for fewer sedans, more electrics DETROIT (Reuters) - The head of General Motors Co's Cadillac luxury division said on Thursday the brand will shrink its lineup of sedans and expand its offerings of sport utility vehicles and hybrid and electric vehicles in response to market shifts. Digital currency start-ups shrug off SEC warning on fund raising NEW YORK (Reuters) - Technology companies looking to raise money by issuing digital coins are moving forward with their plans despite a U.S. regulator's decision that their offerings may be subject to tough securities laws. China's Baidu profit jumps as focus on mobile, AI narrows (Reuters) - Chinese internet search engine provider Baidu Inc has reported a jump in quarterly earnings, recovering from a string of regulatory investigations last year, as sharpened focus on mobile and artificial intelligence (AI) services drives growth. Hutchison's Drei buys Tele2 to rival Carlos Slim in Austria VIENNA (Reuters) - Mobile firm Hutchison Drei Austria is buying landline-focused Tele2 from its Swedish owner for 95 million euros ($111 million) to create a rival to Mexican tycoon Carlos Slim's Telekom Austria. Related Video Iranian hackers used female bait to lure targets- researchers Video keeps Facebook at the top of the pack 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