February, 2017

• 2 February

  India’s tech titans to plead visas case before Trump officials

  

    Bloomberg India’s largest technology companies head to Washington this month to argue against President Donald Trump’s envisioned tightening of visa programs that Silicon Valley and their own industry rely on to attract talent. The chief executives of the country’s biggest IT services companies will meet with administration officials and lawmakers from Feb. 20 to try and dissuade Trump’s team ...

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• 2 February

  Rio to get approaches on last $1.5 billion coal assets

    Bloomberg Rio Tinto Group, which agreed last month to sell $2.45 billion of Australian assets, has recei-ved approaches for its remaining coal operations in the country, people with knowledge of the matter said. The London-based company is considering options for its Hail Creek and Kestrel mines, including a potential sale, according to the people, who asked not to be ...

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• 2 February

  Sony cuts outlook on film unit writedown, profit decline

  

    Bloomberg Sony Corp.’s struggling movie division is weighing on the rest of the company, even as the PlayStation is booming and semiconductors show signs of a rebound. The electronics and entertainment company cut its full-year profit forecast a second time in three months after posting quarterly earnings that missed estimates, following a 112 billion yen ($1 billion) charge against ...

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• 2 February

  India’s sugar output shrinks as drought curbs cane supply

  

    Bloomberg Sugar output in the world’s second-biggest producer may shrink further as mills in some states shut early after drought curbed cane supply. Production in the year that began Oct. 1 is set to total 20.4 million metric tons, according to the median estimate of six traders and analysts surveyed by Bloomberg. That’s the lowest in seven years and ...

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• 2 February

  Facebook loses $500mn VR headset verdict

  

  Bloomberg The virtual reality headset maker that Facebook Inc. bought in 2014 for $2 billion used stolen computer code, a jury said in awarding $500 million to ZeniMax Media Inc. The case was over the Oculus Rift, the device that has put the social media giant at the forefront of the virtual reality boom. The verdict in Dallas federal court ...

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• 2 February

  MetLife pins hopes on Trump as CEO reshapes insurer

  

    Bloomberg For MetLife Inc. Chief Executive Officer Steve Kandarian, the Donald Trump era looks like just what he’s been waiting for. After complaining for years about capital standards, proposed sales restrictions and low bond yields that pressure investment income on the company’s fixed-income portfolio, the CEO sees promise. “The prospect of higher interest rates and a more favorable regulatory ...

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• 2 February

  Tesla falls short of IIHS top safety pick rating

    Bloomberg Tesla Motors Inc.’s Model S, once touted by the company as achieving a record-high safety score, fell short of a top designation an insurance group has awarded to 42 other new models on the market. The Model S sedan earned an acceptable rating in one of the Insurance Institute for Highway Safety’s five crash tests, a level shy ...

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• 2 February

  Apple to design new chip for its future Mac laptops

  

    Bloomberg Apple Inc. is designing a new chip for future Mac laptops that would take on more of the functionality currently handled by Intel Corp. processors, according to people familiar with the matter. The chip, which went into development last year, is similar to one already used in the latest MacBook Pro to power the keyboard’s Touch Bar feature, ...

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• 2 February

  Facebook ‘fishes for users in ‘live’ stream

  

    NEW YORK / AP From billboards to TV ads to endless notifications, Facebook is furiously promoting its live video feature as it tries to get more users to shoot and watch such videos. But will it be a big business for the social network? The prospects for advertisers are uncertain, and even when users do “go live” — broadcasting ...

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• 2 February

  Self-driving car prototypes need less human help

    Bloomberg Self-driving car prototypes appear to be getting better at negotiating California streets and highways without a human backup driver intervening, according to data made public by California transportation regulators. The data reflect safety-related incidents reported by 11 companies that have been testing more than 100 vehicles on public roads, primarily in the Silicon Valley neighborhoods where the technology ...

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