Reuters Technology Report: Exclusive: Alphabet's Waymo demanded $1 billion in settlement talks with Uber - sources

Click to View in Browser Thursday, October 12, 2017 Exclusive: Alphabet's Waymo demanded $1 billion in settlement talks with Uber - sources SAN FRANCISCO(Reuters) - Alphabet Inc's Waymo sought at least $1 billion in damages and a public apology from Uber Technologies Inc as conditions for settling its high-profile trade secret lawsuit against the ride-services company, sources familiar with the proposal told Reuters. London regulator will defend decision not to renew Uber's license in court: mayor LONDON (Reuters) - London Mayor Sadiq Khan said on Thursday that the city's transport regulator will defend its decision in court not to renew Uber's license to operate in the British capital. Facebook pushes ad overhaul before 2018 U.S. election: executive SAN JOSE, Calif. (Reuters) - Facebook Inc has begun overhauling how it handles political ads on its platform and may put some changes in place before U.S. elections next year, Facebook's chief technology officer said on Wednesday. Samsung scion fights back as legal appeal begins SEOUL (Reuters) - The heir to South Korea's Samsung Group, convicted of bribing the country's former president, appeared in a packed court on Thursday for the first day of arguments in the appeal of his five-year jail term for corruption. Insurers to work with tech firms on risks from drones, driverless cars LONDON (Reuters) - The World Economic Forum is bringing insurers, tech firms and governments together to find ways to tackle risks from new technology such as drones and driverless cars, it said on Thursday. Joint Strike Fighter plans stolen in Australia cyber attack SYDNEY (Reuters) - A hacker stole non-classified information about Australia's Joint Strike Fighter program and other military hardware last year after breaching the network of a defense contractor, the defense industry minister said on Thursday. Deutsche Telekom demonstrates first 5G antennas in Berlin BERLIN (Reuters) - Deutsche Telekom debuted its first ultra high-speed next generation mobile antennas on Thursday, which Europe's biggest telecoms provider said showed it was ready for a global launch of the technology by 2020. Bitcoin trades above $5,000 for first time ever LONDON (Reuters) - Bitcoin smashed through the $5,000 barrier for the first time ever on Thursday, jumping as much as 7 percent to chalk up its biggest daily rise in over two weeks. Facebook to sell portable headset for virtual reality SAN JOSE, Calif. (Reuters) - Facebook Inc is launching a new virtual reality headset that does not require a separate computer to operate, allowing more mobile uses than the company's existing Oculus Rift product, Chief Executive Mark Zuckerberg said on Wednesday. Taiwan fines Qualcomm $774 million for antitrust violations HONG KONG (Reuters) - Qualcomm Inc faces an antitrust fine in Taiwan, the latest in a years-long streak of regulatory setbacks to its business model that comes as it also fights U.S. regulators and iPhone maker Apple Inc in court over many of the same legal issues. Related Video Destroyed artefacts 'cloned' for Tokyo exhibition Lab-grown diamonds seek to outshine its mined counterparts 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