Reuters editorial innovation director, London
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Feb 21, 2015

Beauty-in-a-box service Glossybox says moves into profit

FRANKFURT (Reuters) – Glossybox, a beauty products sampling service, said on Saturday it turned profitable last year and is growing solidly again after a previous rapid expansion nearly killed the start-up.

The Berlin-based company, backed by Germany’s Rocket Internet (RKET.DE: Quote, Profile, Research, Stock Buzz) and inspired by rival New York-based cosmetics-in-a-box firm Birchbox, said its customer base grew 25 percent in 2014, despite cutting marketing costs by 33 percent.

Feb 20, 2015

Hack gave U.S. and British spies access to billions of phones: Intercept

FRANKFURT (Reuters) – U.S. and British spies hacked into the world’s biggest maker of phone SIM cards, allowing them to potentially monitor the calls, texts and emails of billions of mobile users around the world, an investigative news website reported.

The alleged hack on Gemalto (GTO.AS: Quote, Profile, Research, Stock Buzz), if confirmed, would expand the scope of known mass surveillance methods available to U.S. and British spy agencies to include not just email and web traffic, as previously revealed, but also mobile communications.

Feb 14, 2015

Apple learning to make self-driving car: source

FRANKFURT (Reuters) – Technology giant Apple (AAPL.O: Quote, Profile, Research) is learning how to make a self-driving electric car and is talking to experts at carmakers and automotive suppliers, an automotive source familiar with the talks said on Saturday.

    The Cupertino, California-based maker of phones, computers and watches is exploring how to make an entire vehicle, not just designing automotive software or individual components, the source said.

Feb 14, 2015

Apple learning to make self-driving car -auto industry source

FRANKFURT, Feb 14 (Reuters) – Technology giant Apple
is learning how to make a self-driving electric car and
is talking to experts at carmakers and automotive suppliers, an
automotive source familiar with the talks said on Saturday.

The Cupertino, California-based maker of phones, computers
and watches is exploring how to make an entire vehicle, not just
designing automotive software or individual components, the
source said.

Feb 13, 2015

Rocket Internet hikes capital after investment spree

FRANKFURT (Reuters) – Ecommerce investor Rocket Internet, which held its initial public offering just four months ago, completed a quick-turnaround capital increase on Friday to help fund its global investment spree, raising around 588.5 million euros ($673 mln).

The Berlin-based company said it placed 12.01 million shares at 49 euros each in order to allow it to pursue its strategic goals. Rocket has burned through around 1 billion euros ($1.14 billion) of the 1.4 billion-euro raised via its IPO in October.

Feb 12, 2015

Rocket Internet plans capital increase of 7.8 pct

FRANKFURT, Feb 12 (Reuters) – Ecommerce company Rocket
Internet, which held its initial public offering just four
months ago, said on Thursday that the company plans a capital
increase by issuing new stock representing 7.8 percent of its
outstanding share base.

The Berlin-based company said it is looking to issue up to
12 million new shares. The number of shares issued and their
placement price will be revealed this Friday, the company said.
The new shares are expected to begin trading on 17 February.

Feb 11, 2015
Feb 11, 2015

Russian dual-screen YotaPhone places big bet on China

FRANKFURT (Reuters) – Russia’s Yota Devices, the maker of a dual-screen smartphone which has so far proved a flop with consumers, has reached its first mass market distribution deal with an agreement to sell phones in China through state-backed Potevio Co. [CNPUTA.UL]

The YotaPhone has attracted a minor cult following among gadget enthusiasts with its distinctive, two-screen phone that seeks to stand out in a crowded, undifferentiated mobile market.

Feb 10, 2015

Russian maker of dual-screen YotaPhones signs China deal

FRANKFURT/MOSCOW, Feb 10 (Reuters) – Russia’s Yota Devices,
the maker of a novel, dual-screen smartphone which has so far
proved a flop with consumers, said on Tuesday it has reached a
deal to market its new phones with a major Chinese electronics
distributor, state-backed Potevio Co.

Moscow-based Yota said Potevio plans to begin sales across
China of its latest YotaPhone2 models this quarter. Potevio sold
36 million phones last year for an annual turnover of 46 billion
yuan (489.15 bln roubles) ($7.37 bln), according to the company.

Feb 10, 2015

Double to offer casual online dating with an escape hatch

FRANKFURT (Reuters) – For the twenty-first century problem of how to move from a casual online encounter to a real-world one, a London-based website is proposing a very traditional solution: double dates.

Double pairs up two Facebook friends to go on a joint date with two other friends they meet through the website’s local network, tackling some of the perils of meeting virtual strangers face-to-face by making dating literally more social.

    • About Eric

      "Eric Auchard is editiorial innovation director at Reuters News. He builds tools to help journalists at the world's largest news organization report, edit and present the news. In 2009, Eric was a technology investment columnist for Reuters. Previously, he was the chief technology correspondent from 2000 to 2008. His main focus was covering consumer Internet trends, global technology competition and emerging technologies. He has worked for Reuters covering technology news since 1993. He began covering politics for Reuters in in California in 1992, then moved to Washington. He moved to New York and switched to technology writing for Reuters late in 1993. ..."
      Joined Reuters:
      1993
      Languages:
      English
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