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Tech`s news

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. ... more...


(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. ... more...


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. ... more...


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. ... more...


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