Reuters Technology Report: August 25, 2017

Click to View in Browser Friday, August 25, 2017 Samsung leader Jay Y. Lee given five-year jail sentence for bribery SEOUL (Reuters) - The billionaire head of South Korea's Samsung Group, Jay Y. Lee, was sentenced to five years in jail for bribery on Friday in a watershed for the country's decades-long economic order dominated by powerful, family-run conglomerates. Russian hackers feel the heat as Trump seeks warmer Moscow ties MOSCOW/SAN FRANCISCO (Reuters) - When Alexander Vinnik was arrested on money-laundering charges at a Greek hotel in late July, the status of his Jabber secure online messaging account was set to "away". Exclusive: Tesla's 'long-haul' electric truck aims for 200 to 300 miles on a charge SAN FRANCISCO (Reuters) - Tesla Inc next month plans to unveil an electric big-rig truck with a working range of 200 to 300 miles, Reuters has learned, a sign that the electric car maker is targeting regional hauling for its entry into the commercial freight market. Western Digital won't seek management role in Toshiba chip business: sources TOKYO (Reuters) - Western Digital Corp , part of a group offering to buy Toshiba Corp's memory chip unit, is not seeking a management role in the business, people familiar with the matter told Reuters on Friday. Amazon to cut Whole Foods prices, escalating grocery turf war (Reuters) - Amazon.com Inc said it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market Inc , sending shares of rival grocers tumbling on fears that brutal market share battles will intensify. China's JD.com invests in Indonesia's Go-Jek amid SE Asia push: sources HONG KONG (Reuters) - JD.com Inc has invested in Indonesian ride-hailing startup Go-Jek, people familiar with the matter told Reuters, in the latest move by China's second-largest e-commerce firm to tap growth in Southeast Asian mobile-based services. Italian government to discuss Vivendi's influence on Telecom Italia ROME (Reuters) - The Italian government will meet on Friday to discuss the growing influence of France's Vivendi in Telecom Italia and whether Rome can exercise special powers over the phone group, a government source said on Friday. Challenges ahead as Nilekani takes on second innings at Infosys MUMBAI/BENGALURU (Reuters) - The return of former boss Nandan Nilekani to Infosys is intended as a return to normality for investors and the tech company's 200,000 employees, drawing a line under the bitter public battle between board members and founders. In wake of Foxconn deal, Wisconsin and Illinois vie for jobs CHICAGO (Reuters) - The pledge by Taiwan's Foxconn to build a $10 billion factory in southern Wisconsin has ignited cross-border competition with Illinois over which state's residents will get the jobs created by the project. Ride hailing firm Grab commits $100 million to expand in Myanmar SINGAPORE (Reuters) - Ride-hailing firm Grab, the main Southeast Asian rival of Uber Technologies Inc [UBER.UL], said it would commit $100 million over the next three years to deepen its presence in Myanmar, grow to more cities and roll out its other services. Related Video Hybrid drone hits the gas to go heavy duty Israeli-developed device aims to replace many doctors' visits 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