Reuters Technology Report: September 26, 2017

Click to View in Browser Tuesday, September 26, 2017 Alibaba raising stake in Cainiao to majority, investing $15 billion to grow logistics HONG KONG (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd is raising its stake in logistics affiliate Cainiao Smart Logistics Network Ltd to 51 percent from 47 percent by investing 5.3 billion yuan ($801.21 million), Alibaba said on Tuesday. Tech stocks sell-off deepens fears of shift away from sector SAN FRANCISCO (Reuters) - Technology stocks including Facebook , Microsoft and Alphabet dropped sharply on Monday, increasing worries that the top-performing sector is falling out of favor as investors look elsewhere for cheaper opportunities. Deloitte hacked, says 'very few' clients affected LONDON/TORONTO (Reuters) - Global accounting firm Deloitte [DLTE.UL] said on Monday it was the victim of a cyber attack that affected the data of a small number of clients, providing few details on the breach. SEC chairman belatedly learned of 2016 agency hack: testimony WASHINGTON (Reuters) - The chairman of the U.S. Securities and Exchange Commission belatedly found out in August, about three months after being confirmed, that hackers breached the regulator's database of corporate announcements in 2016, according to prepared congressional testimony seen by Reuters on Monday. Carnegie Mellon professor named CEO of Canadian AI institute TORONTO (Reuters) - A Toronto artificial intelligence institute set up in March with more than $150 million of public and private funding has named Carnegie Mellon professor Garth Gibson as its first chief executive. Apple shares flirt with correction territory SAN FRANCISCO (Reuters) - Shares of Apple Inc dipped on Monday and flirted with correction territory following a report that the company had told suppliers to scale back shipments of parts for its upcoming iPhone X. Facebook, Google bound to change handling of politics ads - marketing executives NEW YORK (Reuters) - Facebook Inc and Alphabet Inc's Google have little choice but to rein in internet political ads in the face of growing U.S. government pressure, a panel of advertising consultants and executives said on Monday. Uber rival Lyft met London transport officials, documents show FRANKFURT/LONDON (Reuters) - Lyft, Uber's closest U.S. rival in the taxi-hailing business, met repeatedly with officials from London's transport regulator over the past year, a sign it may be targeting the city for international expansion. Dubai starts tests in bid to become first city with flying taxis DUBAI (Reuters) - Dubai staged a test flight on Monday for what it said would soon be the world's first drone taxi service under an ambitious plan by the United Arab Emirates city to lead the Arab world in innovation. Microsoft makes Teams primary teamwork hub, replacing Skype for Business SAN FRANCISCO (Reuters) - Microsoft Corp's Teams application will be replacing Skype for Business as the company's primary teamwork software, Microsoft said on Monday, in its latest effort to defend against the threat of upstart Slack in the workplace collaboration software market. Related Video F1 tech keeping your baby safe in an ambulance Computer says no - beauty not in the eye of the beholder 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