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Foxconn to close some of Sharp’s overseas ops, hasten patents to market

/  22.06.2016  /  Technology 

TAIPEI (Reuters) – Foxconn plans to close costly and redundant overseas operations of new acquisition Sharp Corp, and bring to market products using Sharp’s valuable patents and technology as quickly as possible, said the chief of the world’s largest electronics manufacturer.

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China weighs on 2015 global industrial robot sales growth

/  22.06.2016  /  Technology 

MUNICH, Germany (Reuters) – Global industrial robot sales growth slowed to 12 percent in 2015 weighed by a sharp fall in top buyer China, data from the International Federation of Robotics (IFR) showed on Wednesday.

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SoftBank investors shrug off abrupt exit of heir apparent Arora

/  22.06.2016  /  Technology 

TOKYO (Reuters) – SoftBank Group investors shrugged off on Wednesday the surprise departure of the heir apparent at the Japanese internet and telecoms conglomerate, welcoming founder Masayoshi Son’s decision to stay in the top seat for longer.

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Tesla offers $2.8 billion for SolarCity in ‘no brainer’ deal for Musk

/  22.06.2016  /  Technology 

LOS ANGELES/DETROIT (Reuters) – Elon Musk on Tuesday sought to build a clean energy powerhouse as his electric car maker, Tesla Motors Inc , made an offer to buy his solar installation firm SolarCity Corp in a stock deal worth as much as $2.8 billion.

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Moscow explores Hyperloop commuter transportation system

/  22.06.2016  /  Technology 

SAN FRANCISCO (Reuters) – Moscow on Tuesday signed an agreement with Los Angeles-based company Hyperloop One to explore building a futuristic, high-speed transportation system known as a Hyperloop in the Russian capital.

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Tesla rival Faraday approved to test self-driving cars on California roads

/  22.06.2016  /  Technology 

DETROIT (Reuters) – Faraday Future plans to begin testing prototype self-driving electric vehicles on California roads later this year after winning approval from the state, an industry source said on Tuesday.

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Kuka supervisory board backs CEO in talks with Midea

/  22.06.2016  /  Technology 

BERLIN (Reuters) – The supervisory board of German industrial robot maker Kuka has given Chief Executive Till Reuter a free hand for negotiations concerning a 4.5 billion euro ($5.06 billion) takeover bid by China’s Midea , sources said on Tuesday.

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Adobe’s revenue rises for ninth quarter in a row

/  22.06.2016  /  Technology 

(Reuters) – Adobe Systems Inc reported a 20.4 percent rise in second-quarter revenue, as more customers subscribed for its Creative Cloud package of software tools, such as Photoshop.

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Oi rivals seen gaining while bankruptcy puts Brazil M&A hopes on hold

/  21.06.2016  /  Technology 

SAO PAULO (Reuters) – Brazil’s No. 4 wireless carrier Oi SA faces long odds in trying to reorganize under the country’s complex bankruptcy code, offering rivals a chance to bolster their market dominance while leaving hopes for consolidation in the $45 billion industry on hold for now.

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Formula E to hold Las Vegas virtual race

/  21.06.2016  /  Technology 

LONDON (Reuters) – Formula E, the world’s first fully electric car racing series, is planning a virtual race in Las Vegas next January with a likely $1 million jackpot for the winner.

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