Technology

Bloomberg Robots are everywhere. They’re stocking shelves, pruning trees, making cocktails, delivering room service. Now they’re even showing up for work in some of the smallest factories, in a boost for manufacturing in the US and a potential new threat to traditional production-line jobs. The robotics wave began sweeping into automobile and other plants decades ago, stopping short of shops ...

Bloomberg This year has been a big one for the technology sector, and now we’re getting data on just how quickly investors are piling into this already crowded area of the equity market. Investors ranging from institutional accounts to retail clients plowed about $1 billion into tech stocks during the past week, pus-hing inflows to the highest annualized pace in ...

Bloomberg Subaru Corp. is considering Autoliv Inc.’s stereo cameras for its driver-assist system as the Japanese automaker looks for options beyond a Hitachi Ltd. unit that has been a supplier for almost a decade, people with knowledge of the matter said. The company is evaluating both the suppliers’ prototypes for its EyeSight system when another upgrade is planned in 2020 ...

Bloomberg Facebook Inc. was fined 110 million euros ($122 million) by the European Union for misleading regulators during a 2014 review of the WhatsApp messaging service takeover on the same day the EU threatened to heavily penalize Patrick Drahi’s Altice NV for implementing for a second time a deal before getting regulatory clearance. The European Commission won’t overturn approval for ...

Bloomberg The malware campaign affected more than 200,000 computers in at least 150 countries, locking users out of systems at Chinese government agencies, Deutsche Bahn, automakers Nissan Motor Co. and Renault, logistics giant FedEx Corp., and hospitals around the world. As security experts gain the upper hand in containing the infection, police have begun the hunt for its creators. “The ...

Bloomberg Qualcomm Inc.’s battle with Apple Inc. is heating up as the chip company hauls assemblers of the iPhone into a US court on claims they are failing to pay patent royalties. Four Asian contract manufacturers, including Foxconn Technology Group and Pegatron Corp., aren’t complying with obligations to pay for the use of patented technology, according to a complaint Qualcomm ...

Bloomberg There’s a blame game brewing over who’s responsible for the massive cyberattack that infected hundreds of thousands of computers. Microsoft Corp. is pointing its finger at the US government, while some experts say the software giant is accountable too. The attack has affected computers in more than 150 countries, including severe disruptions at Britain’s National Health Service. The hack ...

Bloomberg Toshiba Corp. is moving to block Western Digital Corp. employees from the flash-memory venture they share, after a threat of legal action loomed over the increasingly bitter dispute over who gets to buy the Japanese company’s chip unit. Western Digital invoked an arbitration clause in their business agreement, which could postpone a sale. Later on Monday, Toshiba will go ...

Bloomberg Cyber espionage attacks against foreign companies operating in Vietnam have been traced to a group of hackers “aligned with Vietnamese state interests,” according to a report from cyber-security provi-der FireEye. The attacks by the group — designated by FireEye as APT32 — have been conducted since at least 2014, mainly targeting companies operating in the manufacturing, consumer products and ...

Bloomberg SoftBank Group Corp. is leading a $502 million investment in Improbable Worlds Ltd., a London-based virtual reality startup, in one of the UK’s largest venture capital deals. The valuation wasn’t disclosed. But SoftBank is buying a non-controlling stake, which would mean Improbable is worth at least $1.04 billion. The deal would rank as the fifth-largest UK venture investment in ...