Reuters Technology Report: June 21, 2017

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Wednesday, June 21, 2017

Uber CEO Travis Kalanick resigns under investor pressure

(Reuters) - Uber Technologies Inc Chief Executive Travis Kalanick, co-founder of one of the most influential technology companies of its generation, resigned on Tuesday under mounting pressure from investors over his leadership.

Toshiba picks Japan government-Bain group to buy chip unit, big hurdles remain

TOKYO (Reuters) - Toshiba Corp has chosen a consortium of Japanese government investors and Bain Capital as the preferred bidder for its chip business, aiming to seal a deal worth some $18 billion by next week as it scrambles for funds to cover massive losses.

As iPhone 8 looms, firms scramble to lock up memory chip supply

SEOUL (Reuters) - Global electronics makers are scrambling to stock up on memory chips to keep production lines running as Apple Inc's new iPhone 8 launch later this year threatens to worsen a global squeeze on supply.

SoftBank founder Son pledges to stay at helm as company's firepower grows

TOKYO (Reuters) - SoftBank Group founder Masayoshi Son, Japan's richest man, said on Wednesday he'll spend the next decade identifying a successor to drive his rapidly growing technology empire, which has amassed an unprecedented investment warchest over the past year.

Tesla's autopilot software head quits in less than six months

(Reuters) - Tesla Inc said the head of its autopilot software, Chris Lattner, left the company in less than six months since joining the electric carmaker.

Honda halts Japan car plant after WannaCry virus hits computer network

TOKYO (Reuters) - Honda Motor Co said on Wednesday it halted production at a domestic vehicle plant for a day this week after finding the WannaCry ransomware that struck globally last month in its computer network.

Facebook gets Indonesia nod for local unit, country's investment chief says

JAKARTA (Reuters) - Social networking giant Facebook Inc has received an in-principle approval to set up a domestic unit in Indonesia and the government is now processing the details, the country's investment chief said on Wednesday.

Volvo Cars relaunches Polestar as standalone electric car brand

STOCKHOLM (Reuters) - Geely-owned automaker Volvo Cars will make its Polestar Performance business a standalone brand within the group, focusing on electric cars, the company said on Wednesday.

Uber to allow tips for drivers in reversal of longstanding policy

SAN FRANCISCO (Reuters) - Uber said on Tuesday it will for the first time allow drivers to collect tips through its smartphone app, an about-face from previous company policy, as part of the ride-services firm's broader effort to improve an often-contentious relationship.

Startup Cybereason raises $100 million from SoftBank

(Reuters) - Cybereason said on Wednesday it received $100 million in investment from its biggest investor SoftBank Corp, as the cybersecurity-focused startup looks to develop new technologies and increase distribution channels.

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