Technology
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Facebook to launch news subscription feature, some big names opt out
[ad_1] (Reuters) – Facebook Inc (FB.O) said on Thursday it has signed up 10 news publishers including the Washington Post and The Economist to take part in a trial that gives its mobile app users…
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Japan finance sector to reap digital currency benefits, says MUFG chief
[ad_1] TOKYO (Reuters) – The chief executive of Japan’s largest bank expects new business opportunities to appear as digital currencies allow collection of data on how people use their money. While Japan’s big banks have…
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Special Report: Backroom battle imperils $230 million cryptocurrency venture
[ad_1] ZUG, Switzerland/NEW YORK (Reuters) – Just three months ago, a tech project called Tezos raised $232 million online in a wildly successful “initial coin offering,” in which new digital currency is parceled out to…
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Twitter looks to toughen rules on online harassment, abuse
[ad_1] (Reuters) – Twitter Inc plans to toughen its rules on online sexual harassment and impose stronger penalties for misconduct, according to an email it sent to a group of safety advocates, academics and researchers…
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Big Blue back on the attack, analysts cautious
[ad_1] (Reuters) – IBM shares surged 5 percent on Wednesday after the world’s first big computing company beat expectations on third-quarter revenue and gave an outlook that hinted it was back on a growth track…
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Amazon to ship electronics in Brazil from third-party sellers
[ad_1] SAO PAULO (Reuters) – Amazon.com Inc began offering electronics from third-party sellers to Brazilian shoppers on Wednesday, expanding beyond books in the fiercely competitive e-commerce market in Latin America’s largest economy. The long-awaited move…
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Startup Magic Leap raises half a billion in new funding
[ad_1] (Reuters) – Magic Leap, a well-funded and secretive startup, said on Tuesday it has raised $502 million in a new capital funding round led by Temasek Holdings [TEM.UL], an investment firm owned by the…
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U.S. online retail sales likely to surpass $1 trillion by 2027: FTI
[ad_1] CHICAGO (Reuters) – U.S. online retail sales will surpass $1 trillion by 2027 compared with $445 billion this year, according to a forecast by business advisory firm FTI Consulting Inc, as more Americans move…
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Netflix adds more subscribers than expected, shares hit record
[ad_1] (Reuters) – Netflix Inc added more subscribers than expected around the world in the third quarter and projected growth in line with Wall Street forecasts, saying it had a head start on rivals as…
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Android co-creator's startup sued over connector technology
[ad_1] (Reuters) – Two of the best-known names in the smartphone hardware business are squaring off in court over new technology that allows phones to connect to devices like cameras without wires or metal connectors.…
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Kazakhtelecom may be first key state company to list abroad in 2018
[ad_1] HONG KONG (Reuters) – Kazakhstan’s largest telecom operator may be the first of three big state-run companies to list abroad in 2018, an executive at the Kazakh sovereign wealth fund said on Monday, as…
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Oi's largest creditors demand meeting to renegotiate debt plan
[ad_1] SAO PAULO (Reuters) – A group of bondholders that are Oi SA’s (OIBR4.SA) largest creditors demanded on Sunday that the company’s top executives meet them as soon as possible to renegotiate a debt plan.…
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Tesla fired hundreds of employees in past week
[ad_1] (Reuters) – Luxury electric vehicle maker Tesla Inc (TSLA.O) fired about 400 employees this week, including associates, team leaders and supervisors, a former employee told Reuters on Friday. The dismissals were a result of…
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Uber embarks on legal battle to retain London license
[ad_1] LONDON (Reuters) – Uber [UBER.UL] lodged a court appeal on Friday to overturn a decision by London’s transport regulator that stripped the taxi app of its operating license in its most important European market,…
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BlackBerry patent licensing director says he has left company
[ad_1] TORONTO (Reuters) – A key attorney executing BlackBerry Ltd’s patent licensing strategy has left the company, the second recent departure from the team tasked with making money from the Canadian company’s intellectual property. Victor…
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Princeton graduates' crypto-currency wins backing of big U.S. investors
[ad_1] NEW YORK (Reuters) – U.S. investors including Digital Currency Group have taken part in a pre-sale of basecoin, a crypto-currency to be created by three Princeton University computer science graduates, Intangible Labs CEO and…
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SoFi withdraws U.S. banking application, citing leadership change
[ad_1] NEW YORK (Reuters) – Student online lender Social Finance Inc said on Friday that it is withdrawing its application for a bank license in the wake of the departure of a number of senior…
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Qualcomm files lawsuits in China to ban iPhones
[ad_1] (Reuters) – Qualcomm Inc (QCOM.O) confirmed an earlier report that the chipmaker had filed lawsuits in China, seeking to halt the manufacture and sale of Apple Inc’s (AAPL.O) iPhones in the country. Qualcomm filed…
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Social media firms summoned to U.S. Congressional hearings on Russia
[ad_1] WASHINGTON (Reuters) – Representatives of Facebook, Twitter and Google have been asked to appear on Nov. 1 at hearings on alleged Russian interference in U.S. politics called by the U.S. Senate and House Intelligence…
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Samsung Elec CEO Kwon announces shock resignation as profits surge
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun plans to step down from management, deepening concerns over a leadership vacuum at the tech giant after…
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Samsung Electronics on track for record third-quarter as chips soar
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates, as strong memory chip prices fattened…
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AT&T subscriber losses highlight cord-cutting threat: analysts
[ad_1] NEW YORK (Reuters) – AT&T Inc’s (T.N) third-quarter video losses sent pay-TV industry shares down on Thursday after Wall Street analysts raised concerns about the continued threat of consumers cancelling their cable and satellite…
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Exclusive: Alphabet's Waymo demanded $1 billion in settlement talks with Uber – sources
[ad_1] SAN FRANCISCO(Reuters) – Alphabet Inc’s Waymo sought at least $1 billion in damages and a public apology from Uber Technologies Inc as conditions for settling its high-profile trade secret lawsuit against the ride-services company,…
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Brazil's Oi delivers restructuring proposal to court
[ad_1] BRASILIA/RIO DE JANEIRO (Reuters) – Brazilian phone carrier Oi SA on Wednesday submitted a plan to cut its 65.4 billion-real ($21 billion) debt burden to a commercial court. The plan was approved by the…
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BMW eyes possible electric vehicle joint venture in China: sources
[ad_1] SHANGHAI/BEIJING (Reuters) – German luxury automaker BMW is looking to form a joint venture with Great Wall Motor in China, which could focus on electric vehicles, according to two sources familiar with the matter…
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Alibaba launches $15 billion overseas R&D drive
[ad_1] BEIJING (Reuters) – China’s top e-commerce firm, Alibaba Group Holding Ltd [BABA.N], is launching a $15 billion drive to build overseas research hubs as the deep-pocketed firm looks to compete with global leaders in…
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U.S. signals tougher stance with tech companies on encryption
[ad_1] WASHINGTON (Reuters) – U.S. Deputy Attorney General Rod Rosenstein on Tuesday sharply criticized technology companies that have built strongly encrypted products, suggesting Silicon Valley is more willing to comply with foreign government demands for…
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U.S. top court asks Justice Department for views in Apple antitrust case
[ad_1] WASHINGTON(Reuters) – The U.S. Supreme Court on Tuesday asked the Trump administration for its views on whether to hear Apple Inc’s (AAPL.O) bid to avoid a class-action lawsuit accusing the tech giant of inflating…
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Starbucks' Schultz still not running for president, launches series on Amazon
[ad_1] LOS ANGELES (Reuters) – Starbucks Corp Chairman Howard Schultz on Tuesday will debut the second season of the coffee chain’s inspirational video series “Upstanders” on Amazon Prime, and the outspoken executive said he would…
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U.S. governors, hackers, academics team up to secure elections
[ad_1] (Reuters) – Ethical hackers will team up with U.S. governors, academics and others to help prevent election results from being hacked, according to a person familiar with the plan. The coalition’s members include organizers…