Today's Top Gadgets & Tech Story

Samsung Group chief to be charged with bribery, embezzlement amid scandal

SEOUL (Reuters) - South Korea's special prosecutor's office said on Tuesday it will charge Samsung Group chief Jay Y. Lee and four other executives with bribery and embezzlement amid a political scandal that has rocked the country. Read More

 

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Facebook's virtual reality ambitions could be threatened by court order

(Reuters) - Facebook Inc's big ambitions in the nascent virtual reality industry could be threatened by a court order that would prevent it from using critical software code another company claims to own, according to legal and industry experts. More »

 

Snap expects some IPO investors to make year-long commitments

(Reuters) - Snap Inc, owner of popular messaging app Snapchat, disclosed on Monday that it expected investors buying up to a quarter of the shares in its $3.2 billion initial public offering this week to agree not to sell them for a year. More »

 

Huawei staff fear cuts as smartphone profits disappoint

HONG KONG/BARCELONA (Reuters) - Staff at China's Huawei Technologies Co Ltd [HWT.UL] are bracing for possible jobs cuts after internal memos highlighted intense pressure to improve earnings and an executive said the flagship smartphone business had missed internal profit targets. More »

 

No AT&T-Time Warner merger review expected: U.S. regulator's chairman

WASHINGTON (Reuters) - The head of the U.S. Federal Communications Commission does not expect to review AT&T Inc's planned $85.4 billion acquisition of Time Warner Inc , a spokesman for the agency said on Monday. More »

 

Buffett's Berkshire more than doubled its stake in Apple: CNBC

NEW YORK (Reuters) - Billionaire investor Warren Buffett told CNBC on Monday his conglomerate Berkshire Hathaway Inc had more than doubled its stake in Apple Inc. since the end of 2016, making it one of Berkshire's biggest equity holdings, and that U.S. stocks overall were not in "bubble territory." More »

 

Cyber attackers target Singapore Defence Ministry, but no secrets found

SINGAPORE (Reuters) - Cyber attackers have stolen basic personal data from´┐Żabout 850´┐ŻSingapore national servicemen and employees in a possible attempt to access official secrets, the Defence Ministry said on Tuesday. More »

 

Tesla plunges another 5 percent on fears of Model 3 delays

SAN FRANCISCO (Reuters) - Shares of Tesla dropped on Monday after a downgrade by Goldman Sachs, bringing the electric carmaker's decline to 11 percent since its quarterly report last week stoked worries about how much cash it is using to launch its Model 3 sedan. More »

 

Samsung SDI says Samsung Elec's head of memory business chosen as new CEO

SEOUL (Reuters) - South Korea's Samsung SDI Co Ltd said on Tuesday that Jun Young-hyun, the head of memory business at Samsung Electronics Co Ltd, has been chosen as its new CEO. More »

 

JPMorgan, Microsoft, Intel and others form new blockchain alliance

NEW YORK (Reuters) - JPMorgan Chase & Co , Microsoft Corp , Intel Corp and more than two dozen other companies have teamed up to develop standards and technology to make it easier for enterprises to use blockchain code Ethereum in the latest push by large firms to move toward distributed ledger systems. More »

 

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