Reuters Technology Report: August 28, 2017

Click to View in Browser Monday, August 28, 2017 Exclusive: India and Pakistan hit by spy malware - cybersecurity firm MUMBAI (Reuters) - Symantec Corp, a digital security company, says it has identified a sustained cyber spying campaign, likely state-sponsored, against Indian and Pakistani entities involved in regional security issues. Uber picks Expedia's Dara Khosrowshahi as new CEO: sources (Reuters) - Uber Technologies Inc [UBER.UL] chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive on Sunday, according to two sources with knowledge of the matter, handing him the challenge of leading the ride-services company out of a nearly year-long crisis. GE shifts strategy, financial targets for digital business after missteps NEW YORK (Reuters) - General Electric Co wants its industrial software business to cut costs and lift profits next year under new chief executive John Flannery, and is considering expanded partnerships and the possible sale of some equity in the unit, according to people familiar with the business. Western Digital group finalizing $17 billion deal for Toshiba chip unit: source TOKYO (Reuters) - A consortium led by Western Digital Corp is close to an agreement to buy Toshiba Corp's $17.4 billion chip business, with the U.S. firm's CEO in Tokyo to finalize the long and contentious talks, a person familiar with the matter said. Samsung scion Lee appeals against five-year jail term for bribery SEOUL (Reuters) - Samsung Electronics Vice Chairman Jay Y. Lee has filed an appeal against the five-year jail term he was given for bribery and other charges through his lawyer, according to the Seoul Central District Court's website on Monday. Samsung Electronics to invest $7 billion to boost China NAND chip output SEOUL (Reuters) - Samsung Electronics Co Ltd expects to invest $7 billion over the next three years to expand its NAND memory chip production in China's northwestern city of Xi'an, the South Korean tech giant said on Monday. Fusion to buy privately held Birch's cloud, business services unit: sources (Reuters) - Fusion Telecommunications International Inc will buy the cloud and business services unit of Birch Communications in a deal that creates a combined company worth about $950 million, including debt, according to people familiar with the matter. Thousands of ATMs go down in Indonesia after satellite problems JAKARTA (Reuters) - Thousands of ATMs and electronic card payment machines in Indonesia went offline over the weekend, and it might take two more weeks before full service is restored, after an outage from a satellite belonging to state-controlled telecom giant PT Telekomunikasi Indonesia (Telkom). China's regulators preparing new rules for digital coin offerings: Caixin BEIJING (Reuters) - Chinese regulators are preparing new regulations on digital coin offerings and may ban them until the rules are in place, the financial magazine Caixin reported on Monday, as interest in the new fundraising channel grows rapidly in a regulatory grey area. Food delivery creates tech headache for some U.S. restaurants SAN FRANCISCO (Reuters) - Four tablets from various delivery companies crowd the front counter of Proposition Chicken in San Francisco, each calling out with its own ring when an order arrives. Related Video Shark-detecting drones to patrol Australia beaches Hybrid drone hits the gas to go heavy duty 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