Reuters Technology Report: August 24, 2017

Click to View in Browser Thursday, August 24, 2017 Western Digital group to offer $17.4 billion for Toshiba chip unit: sources TOKYO (Reuters) - A consortium that includes Western Digital is offering 1.9 trillion yen ($17.4 billion) for Toshiba Corp's memory chip business, which the Japanese conglomerate is trying to sell to cover losses from its U.S. nuclear business, sources said on Thursday. Uber second-quarter bookings increase, loss narrows SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] on Wednesday reported a 16 percent increase in quarterly bookings and a smaller loss than the previous period as the ride-services company showed signs of inching toward profitability. Flying water taxis highlight French startup frustrations PARIS (Reuters) - French yachtsman Alain Thebault wants to turn a boat design he used to break a world speed sailing record in 2009 into a clean, fast taxi service for the waterways of major cities. Amazon deal for Whole Foods wins U.S. regulatory, shareholder approvals WASHINGTON/SAN FRANCISCO (Reuters) - Amazon.com Inc on Wednesday cleared two of the biggest hurdles it needed to close its $13.7 billion acquisition of Whole Foods Market Inc , with approvals from a U.S. regulator and the grocery chain's shareholders. China's JD.com partners Qihoo in push to broaden sales channels BEIJING (Reuters) - JD.com Inc on Thursday said it has reached a deal to sell goods through the popular browser, search engine and app store of Qihoo 360 Technology Co Ltd , as China's second-biggest e-commerce firm seeks new ways of attracting users. Ahead of Lee verdict, Samsung Group lacks leadership 'Plan B' SEOUL (Reuters) - Samsung Group, South Korea's leading conglomerate, has no 'Plan B' for taking big decisions if its billionaire de facto leader Jay Y. Lee is jailed for corruption, people familiar with the matter said. China's ZTE posts 30 percent rise in first-half profit on 4G, handsets HONG KONG (Reuters) - Chinese telecommunications equipment maker ZTE Corp on Thursday reported a 30 percent rise in first-half net profit, matching its forecast, as domestic telephone network providers continued to invest in fourth-generation (4G) infrastructure while sales of its mobile phones grew strongly. Tesla's sales head to get $700,000 payout on meeting targets (Reuters) - Electric carmaker Tesla Inc said on Wednesday it would pay $700,000 to its global sales and service president, Jon McNeill, if he met certain targets for 2017. China's cabinet expects information technology market to reach 6 trillion yuan by 2020 BEIJING (Reuters) - China's State Council on Thursday issued a guideline for the development of the country's information technology (IT) industry. Google memo writer hires Republican Party official as lawyer (Reuters) - The engineer fired from Google for writing a memo critical of the company's diversity hiring policies has hired a lawyer who is a member of the Republican National Committee to represent him. Related Video Samsung looks for a comeback with the Galaxy Note 8 Satellite to test space garbage collection methods 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