Reuters Technology Report: August 2, 2017

Click to View in Browser Wednesday, August 2, 2017 Apple shares sail to record high on healthy iPhone sales (Reuters) - Apple Inc on Tuesday delivered surprisingly strong fiscal third-quarter earnings and signaled that its upcoming 10th-anniversary phone lineup is on schedule, driving the stock up 6 percent to an all-time high in after-hours trading. Amazon China partner tells users to stop using illegal VPNs BEIJING/SHANGHAI (Reuters) - A Chinese partner of global e-commerce firm Amazon.com Inc has told customers to end the use of illegal virtual private networks (VPNs), which can allow users to circumvent internet censorship. How Toshiba's sale of $18 billion chip unit stalled, and what's next TOKYO (Reuters) - Japanese conglomerate Toshiba Corp's talks to sell its prized memory chip business have stalled, raising concerns over how fast the company can plug a multi-billion-dollar balance sheet hole left by the collapse of its U.S. nuclear business. Asian tech shares boosted by Apple's robust earnings TAIPEI (Reuters) - Asian tech shares rallied on Wednesday on the back of Apple's robust earnings, with hopes the iPhone maker's fortunes will help boost sales of the region's hardware component suppliers ahead of the new iPhone launch. British Airways says Heathrow check-in problem resolved LONDON (Reuters) - British Airways said it had resolved an issue with its systems that affected the check-in process on flights from Heathrow on Wednesday, saying that customers were now being processed as normal. Singapore's GIC leads $220 million funding round for Chinese P2P firm Dianrong HONG KONG (Reuters) - Chinese peer-to-peer lending platform Dianrong said on Wednesday it raised $220 million from a group of investors led by Singapore sovereign wealth fund GIC Pte Ltd, looking to step up research of new technology as it expands across China and explores ventures in other countries in the region. Bitcoin splits, but clone off to slow start NEW YORK (Reuters) - Bitcoin's underlying software code was split on Tuesday, generating a new clone called "Bitcoin Cash," but the new virtual currency got off to a slow start due to lackluster support for its network. Sprint hints at deal prospects, shares surge NEW YORK (Reuters) - Sprint Corp shares jumped 11 percent on Tuesday after its chief executive said an announcement on merger talks should come in the "near future" and the company reported a quarterly profit for the first time in three years. SK Hynix jumps over 3 percent as strong Apple earnings boost SEOUL (Reuters) - Shares in South Korea's SK Hynix Inc, the world's second-biggest memory chip maker, rose more than 3 percent on Wednesday morning after Apple Inc delivered surprisingly upbeat earnings. Seed funding slows in Silicon Valley SAN FRANCISCO (Reuters) - The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging U.S. technology companies. Related Video Seed funding slows in Silicon Valley World's biggest heart - from a blue whale - displayed in Toronto 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