Snap to price long-awaited IPO on Wednesday amid signs of brisk demand

(Reuters) - Snap Inc, owner of popular messaging app Snapchat, will price its initial public offering after the U.S. stock market closes on Wednesday in the most eagerly awaited technology IPO since Chinese e-commerce giant Alibaba went public in 2014.

from Reuters: Technology News http://ift.tt/2lV1a0m

Ofo, Chinese bike-sharing firm, raises $450 million in latest funding round

SHANGHAI/HONG KONG (Reuters) - Chinese bike-sharing start-up ofo said it has raised $450 million in a fresh round of funding, as the firm faces up against deep-pocketed rival Mobike in one of the hottest sectors to attract tech investors.

from Reuters: Technology News http://ift.tt/2lRZDcV

Snapchat owner Snap Inc said to have worked on drone product: NY Times

(Reuters) - Snapchat's owner Snap Inc has worked on a drone that could help users take overhead videos and photographs and then feed that visual data to the company, the New York Times reported on Tuesday.

from Reuters: Technology News http://ift.tt/2lnwHGa

Uber's self-driving unit quietly bought firm with tech at heart of Alphabet lawsuit

SAN FRANCISCO (Reuters) - A company now owned by Uber last year quietly bought a small firm specializing in sensor technology used in autonomous vehicles, giving the ride services company a patent in the technology and possibly a defense against a trade secrets theft lawsuit filed against it by rival Alphabet Inc.

from Reuters: Technology News http://ift.tt/2mbBz5T

Uber CEO says he must 'grow up' after argument with driver

((Editor's note: Please note language in 6th paragraph that may be offensive to some readers.))

from Reuters: Technology News http://ift.tt/2mIEuzw

Exclusive: Mexico may force Slim's America Movil to separate fixed unit - sources

MEXICO CITY (Reuters) - Mexico's telecoms regulator has discussed forcing billionaire Carlos Slim to legally separate his fixed-line company Telmex from his mobile business, people familiar with the matter said, a move that would intensify antitrust rules against the company.

from Reuters: Technology News http://ift.tt/2mCcz57

Disruption in Amazon's cloud service ripples through internet

SAN FRANCISCO (Reuters) - Some web surfers on Tuesday experienced glitches on media outlets and other sites whose data is hosted by Amazon.com Inc's popular cloud business, which Amazon said suffered a technical disruption.

from Reuters: Technology News http://ift.tt/2l95j3A

YouTube unveils $35-a-month live TV service

LOS ANGELES (Reuters) - Alphabet Inc's YouTube will launch a live TV service in the next few months that offers the four major U.S. broadcast networks plus cable channels, YouTube Chief Executive Susan Wojcicki said on Tuesday.

from Reuters: Technology News http://ift.tt/2llTRNv

LG Electronics to build $250 million home appliance plant in U.S.

(Reuters) - South Korea's LG Electronics Inc said it would spend $250 million to build a new factory in the United States, in a move that comes amid criticism from U.S. President Donald Trump about companies manufacturing abroad for U.S. consumers.

from Reuters: Technology News http://ift.tt/2l9lcHc

Angry Birds-dependent games maker Rovio swings to annual profit

HELSINKI (Reuters) - Finnish mobile games and animation studio Rovio Entertainment swung to an annual profit in 2016 as its Angry Birds movie release helped boost its game sales and tackle competition from new challengers such as Nintendo Co's Pokemon GO.

from Reuters: Technology News http://ift.tt/2llUDcY

Salesforce forecasts lower-than-expected first-quarter profit, shares fall

(Reuters) - Salesforce.com Inc forecast a lower-than-expected profit for the first quarter, sending its shares down nearly 2 percent in extended trading on Tuesday.

from Reuters: Technology News http://ift.tt/2l9ob2r

Apple says it spent $50 billion last year with U.S. suppliers

CUPERTINO, Calif. (Reuters) - Apple spent roughly $50 billion last year at U.S.-based suppliers including 3M and Corning , Chief Executive Tim Cook said on Tuesday, stressing the iPhone-maker's commitment to U.S. manufacturing.

from Reuters: Technology News http://ift.tt/2l8CBjc

Starsky Robotics sees 'last mile' solution for driverless trucks

DETROIT (Reuters) - California-based Starsky Robotics said on Tuesday it has a solution to on- and off-highway deliveries by self-driving trucks, including the "last mile" issue for how a driverless vehicle will deliver cargo at its final destination.

from Reuters: Technology News http://ift.tt/2l8J2D3