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2016年6月3日星期五

Reuters Technology Report: June 2, 2016

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Thursday, June 2, 2016

Uber, Lyft set to defend driver settlements in court

SAN FRANCISCO (Reuters) - Uber and Lyft on Thursday will attempt to persuade separate U.S. judges to approve class action settlements which keep drivers classified as independent contractors instead of employees.

EU regulators take tough approach to net neutrality

BRUSSELS (Reuters) - Europe's telecoms operators will have to justify giving priority to certain services on their network, according to new EU regulatory guidelines in a move likely to disappoint an industry hoping for more leeway so they can boost revenues.

BMW revamps "i" electric car division to focus on self-driving tech

MUNICH (Reuters) - BMW has transformed its "i" division into a development center for self-driving cars, a board member told Reuters, a major strategic shift for the unit previously focused on making a family of lightweight electric vehicles.

Uber raises $3.5 billion from Saudi Arabia's sovereign wealth fund

SAN FRANCISCO (Reuters) - Uber has raised $3.5 billion from Saudi Arabia's sovereign wealth fund, the U.S. ride-hailing service said on Wednesday, gaining a crucial partner in its expansion into the Middle East.

As China shops for German firms, one early example reassures

BERLIN (Reuters) - As Beijing moves in to buy up firms from Germany's famed "Mittlestand" of mid-sized manufacturers, politicians are nervous that Chinese owners may take their vaunted technology and move jobs abroad.

Wildcat Venture Partners launches, focuses on early-stage startups

SAN FRANCISCO (Reuters) - Partners from two longtime Silicon Valley venture-capital firms said they are launching a third: Wildcat Venture Partners, a firm focused on the stage where young companies have products ready to put on the market.

Wal-Mart says it is 6-9 months from using drones to check warehouse inventory

BENTONVILLE, Ark. (Reuters) - Wal-Mart Stores Inc said Thursday it was six to nine months from beginning to use drones to check warehouse inventories in the United States, taking a step closer to using the technology to compete better with rivals.

Temasek, GIC buy $1 billion in Alibaba stock in SoftBank sale

(Reuters) - Singapore state funds bought $1 billion of shares in Chinese e-commerce company Alibaba Group Holding Ltd as part of an $8.9 billion sale by Japan's SoftBank Group Corp, Alibaba's biggest shareholder, the company said on Wednesday.

New York drivers group sues Uber, claims labor laws violations

(Reuters) - A group representing 5,000 Uber Technologies Inc [UBER.UL] drivers in New York City filed a lawsuit on Thursday accusing the ride-share company of depriving drivers of various employment protections by misclassifying them as independent contractors.

U.S. subpoenas China's Huawei in probe over exports to Syria, others: NYTimes

WASHINGTON (Reuters) - The U.S. Commerce Department has issued a subpoena to Huawei Technologies Co Ltd [HWT.UL] as part of a probe into the Chinese technology company's transactions in Cuba, Iran, North Korea, Sudan and Syria, the New York Times reported on Thursday.

2016年6月2日星期四

Thursday Morning Briefing: Life with the Redstones

By Derek Caney (@stax920)

It's starting to feel like a Shakespeare play – or an MTV reality show. An aging tycoon with (depending on who you ask) failing faculties fights to control the fate of his empire. He faces challenges from his daughter, who is opposed by his granddaughter. And the catalyst is the tycoon's ex-girlfriend, who is making sure it all gets played out in public. Maybe you could call it "Redstone Family Values."

Dramatis Personae:

Sumner Redstone: The old mogul and largest shareholder of Viacom Inc.

Shari Redstone: The daughter accused of trying to take over the company (She denies it).

Keryn Redstone: The granddaughter and Shari's niece, who wants to rescue her grandfather from the "clutches" of her evil aunt (And yes, "clutches" is a direct quote).

Manuela Herzer: The ex-girlfriend whose lawsuit against Sumner was the catalyst of the affair. The shareholders: The value of their shares has fallen 50 percent in the last two years.

Couldn't be any worse than "Ex On The Beach"…

Saudi vs. Iran: The rematch. The two foes face off at the OPEC meeting beginning today. The Saudis wants to revive coordinated action to prop up the oil price. Iran doesn't.

Hillary Clinton is expected to slam Donald Trump for being too friendly with North Korea and too harsh on European allies during a foreign policy speech in California.

Digit of the day:

That's the margin of Clinton's lead in California over Bernie Sanders in the latest poll. It doesn't change the math much, however. Because delegates are awarded proportionally, Clinton will likely clinch the nomination on June 7. By that point, the only thing left to decide will be the terms of surrender. But that's no small thing. Such terms could well determine if Sanders supporters stay home or learn to love Clinton – at least enough to keep Trump out of the White House.

Around the world

The search zone for the crashed EgyptAir jet has been narrowed to about a mile after a vessel picked up a signal from one of the plane's black boxes.
Somali security forces said they have cleared all al Shabaab militants from a hotel in Mogadishu, but not before the militants killed at least 16 people and wounded 55 others in a bomb and gun attack.

The scene of a suicide car bombing outside Hotel Ambassador on Maka Al Mukaram Road in Somalia's capital Mogadishu, June 1, 2016. REUTERS/Feisal Omar

Quote of the day:

"Just because you are a journalist, you are not exempted from assassination if you are a son of a bitch….You won't be killed if you don't do anything wrong."

– Philippines President-elect Rodrigo Duterte

Since 1986, approximately 175 journalists have been killed in the Philippines.

Around Wall Street

Uber raised $3.5 billion from Saudi Arabia's sovereign wealth fund, gaining a crucial partner in its expansion into the Middle East. The investment from the Saudi Arabian Public Investment Fund was part of the ride-hailing service's most recent financing round that valued the company at $62.5 billion, making it the most highly valued venture capital-backed company in the world.
West Texas oil-field developers swear they've learned their lesson as they start drilling again after the recent rebound in crude oil prices. "We're going to ease back into the activity, not stomp on the accelerator," said Steve Pruett, a small oilfield developer. “We’ve all sobered up." The rout in oil prices over the last two years cost hundreds of thousands of jobs, pushed dozens of firms into bankruptcy and led to an investment slump so severe that it weighed on the whole U.S. economy.
Singapore state funds bought $1 billion of shares in Alibaba as part of an $8.9 billion sale by SoftBank, Alibaba's biggest shareholder.

Around the country

After killing a gorilla at the Cincinnati Zoo to save a 3-year-old boy, zoo officials collected a sample of his sperm, raising hopes among distraught fans that the gorilla could sire offspring even in death. But the sample is more likely to be used for research, not reproduction. The boy's family doesn't plan to sue the zoo.
A man killed a UCLA engineering professor yesterday before turning the gun on himself. The campus was locked down for two hours. We don't know who the killer was or why he did it.
The California Assembly passed a package of gun control bills, including a measure to ban so-called bullet buttons which allow quick changes in the magazine of a military-style weapon. The bills, which lawmakers are pushing the Senate to consider this month, are among several gun control measures that leaders of both houses want to pass in advance of a gun control referendum headed for the November ballot.

Today's reason to live

Sly & The Family Stone: Family Affair