Today's Top Technology Headlines
- Apple's iPhone 6 still one license away from elusive China launch
By Gerry Shih and Paul Carsten BEIJING (Reuters) - Apple Inc is still awaiting a critical license from Chinese regulators before it can sell its new iPhone 6 in one of the company's most important markets. The official Xinhua news agency said on Thursday that Apple's new iPhone had been given regulatory approval for use on domestic frequencies, but the phone cannot be sold in China until a key network license is granted. The Xinhua report did not indicate when this is likely to happen. Speculation and uncertainty have surrounded the iPhone's status in China. ...
- Google, Mercedes, Audi get California permits for self-driving cars
(Reuters) - California issued its first 29 permits this week to three companies to test self-driving cars on public roads, state officials said on Thursday. Google Inc got permits for testing 25 adapted Toyota Motor Corp Lexus SUVs, and two permits each went to Daimler AG's Mercedes-Benz and Volkswagen AG's Audi, said Bernard Soriano of the California Department of Motor Vehicles. Lexus, Mercedes-Benz and Audi are all luxury brand vehicles. Soriano said Audi was the first to apply for the permits, followed by Daimler and then Google. ...
- Alibaba cash could fund small spending spree at Yahoo
By Alexei Oreskovic and Ross Kerber SAN FRANCISCO/BOSTON (Reuters) - Alibaba Group Holding Ltd’s upcoming public offering will give Yahoo Inc billions of dollars for a potential shopping spree that investors hope will jumpstart its comeback. But with numerous holes to fill and soaring tech company valuations, Yahoo will have to make tough choices with any acquisitions. Yahoo is expected to sell about $9.5 billion in stock of the Chinese e-commerce company. After giving at least half back to investors and paying taxes, Yahoo's cash stockpile, currently $4.2 billion, may swell by $3.1 billion. ...
- Alibaba set to price IPO shares amid investor frenzy
By Deepa Seetharaman (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd is set to sell some $22 billion of shares on Thursday, capping a two-week road show that drew frenzied interest from investors worldwide and may be the world's largest ever initial public offering. The shares are expected to be priced after the markets close at 4 p.m. Thursday and start trading on the New York Stock Exchange on Friday under the ticker "BABA. ...
- Former AT&T partners petition FCC to block DirecTV bid
WASHINGTON (Reuters) - More than ninety former business partners of AT&T Inc are demanding the Federal Communications Commision block the wireless carrier's $48.5 billion bid for DirecTV, saying the company engaged in anti-competitive behavior and violated fiduciary duty. In a filing with the FCC, the partners operating under the Minority Cellular Partners Coalition, accuse AT&T of squelching competition and knowingly harming its business partners. AT&T did not immediately respond to requests for comment. (Reporting by Marina Lopes, Editing by Franklin Paul)
- Sony hopes for PlayStation profit boost as smartphones struggle
By Sophie Knight TOKYO (Reuters) - The head of Sony Corp's PlayStation division hopes to raise its profit outlook for this year, in stark contrast to the Japanese electronics firm's mobile business which has forecast deep losses and sent Sony's stock reeling. With Sony's three core electronics businesses - the third is imaging - looking increasingly lopsided, the company is having to shrink and restructure in mobile, and focus its growth hopes on image sensors and the 20-year-old PlayStation games console. ...
- Factbox - Underwriters in charge of Alibaba's mega IPO
(Reuters) - Thirty-five underwriters are working to ensure that Alibaba Group Holding Ltd's initial public offering lives up to its blockbuster expectations when the stock starts trading on Friday. The entire syndicate is divided into three tiers, with the six joint bookrunners on top, followed by eight banks who had been invited to analyst meetings and prepared analysis to help value Alibaba, sources told Reuters earlier this month. A third tier of banks helped sell the deal. ...
- Terry Gilliam says the devil convinced him to join Twitter
Terry Gilliam cracks himself up. I know because I'm not trying to be funny, but there's a dry chuckle every few minutes I spend on the phone with the 73-year-old founding member of Monty Python, director of such mind-bending films as Brazil, 12 Monkeys, Time Bandits and Fear and Loathing in Las Vegas, among many others. Gilliam's latest movie, The Zero Theorem, which opens in select theaters the US this Friday, September 19th, has critics sharply divided. Some think it's a mess, while others applaud it as yet another one of Gilliam's kooky, absurdist gems.
- Toshiba's shift away from consumer PCs means 900 lost jobs
- The Vergecast, live today at 4:30PM ET!
- Ride-sharing apps may have caused taxi use in San Francisco to drop 65 percent
This week, the San Francisco Municipal Transportation Agency unveiled the latest statistics on cab use in the city. In short, If you're a cab driver, it's bad news. Between March 2012 and July 2014 the average amount of monthly cab rides declined from 1,424 a month to 504.
- Introducing the Transportation forum
- Hamster-wheel standing desk: Embrace the rodent race
- We made weed butter with a 'magical' machine
- Galaxy Note 4 launch set for Oct. 17; preorders start Friday