The Technology News ONLINE: September 2015

Wednesday, September 30, 2015

LG Electronics says handset sales to improve starting in fourth quarter

SEOUL (Reuters) - South Korean consumer electronics maker LG Electronics Inc expects sales at its mobile division to improve starting from the fourth quarter as the firm launches new devices, a senior executive said on Thursday.

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SoftBank leads $1 billion investment in U.S. fintech startup SoFi

TOKYO (Reuters) - SoftBank Group Corp said it had led a $1 billion investment in U.S. financial technology startup SoFi, calling it the largest single financing round in the fintech space to date.

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Toronto eyes ride-sharing rules in 2016; Uber asked to halt until then

TORONTO (Reuters) - Toronto's city council voted on Wednesday to create a legal framework covering ride-sharing companies such as Uber Technologies Inc [UBER.UL], asking city staff to suggest rules by next spring that would create a "level playing field" with taxis.

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Toronto eyes ride-sharing rules in 2016; Uber asked to halt until then

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Tencent, eBay join Kakao bid for new South Korean Internet bank

SEOUL (Reuters) - Kakao Corp, the operator of South Korea's largest mobile messaging app, said Tencent Holdings Ltd and eBay Inc have joined its bid for a new South Korean Internet bank license.

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Argentina celebrates second satellite launch, technology milestone

BUENOS AIRES (Reuters) - With the launch of its second telecommunications satellite made in Argentina on Wednesday, President Cristina Fernandez celebrated the country's technology milestone and wants the South American nation to manufacture eight more over the next 20 years.