Technology
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NuTonomy hopes for second-quarter 2018 launch of paid Singapore self-driving car rides
[ad_1] SAN FRANCISCO (Reuters) – U.S. self-driving car startup NuTonomy and southeast Asian ride services partner Grab hope to turn a test pilot in Singapore into a paid, commercial service as soon as the second…
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Delphi partners with Innoviz for self-driving technology
[ad_1] (Reuters) – Delphi Automotive Plc said on Friday it has partnered with laser-based sensor maker Innoviz Technologies to improve vehicle safety for self-driving cars, after making a minority investment in the Israel-based company. Innoviz’s…
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BlackBerry rally derailed as investors lose patience on turnaround
[ad_1] TORONTO (Reuters) – BlackBerry Ltd (BB.TO)(BBRY.O) shares have been plunging from their more than two-year high hit in June after lackluster earnings and competitive threats have raised doubts about prospects for a turnaround at…
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Nestle defends 'Kit Kat' campaign against Atari 'Breakout' lawsuit
[ad_1] (Reuters) – Nestle SA (NESN.S) on Friday paddled back claims in a new lawsuit in which Atari SA (ATAR.PA) accused the Swiss food company of pilfering its classic 1970s video game “Breakout” to help…
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Former Uber CEO says investor lawsuit a 'public and personal attack'
[ad_1] SAN FRANCISCO (Reuters) – The ousted chief executive of Uber Technologies Inc [UBER.UL] rejected a lawsuit filed against him by one of the company’s top investors as a “public and personal attack” without merit,…
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AT&T considers sale of home security business: sources
[ad_1] (Reuters) – AT&T Inc (T.N) is exploring options for its Digital Life home security business, including selling it, as it seeks to pay down debt following its planned $85.4 billion acquisition of Time Warner…
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China Unicom's $12 billion ownership-reforms plan mired in confusion
[ad_1] HONG KONG (Reuters) – Telecoms group China Unicom’s $11.7 billion ownership-reforms plan, billed as a model case for revitalizing Chinese state firms with private capital, remained under a cloud on Friday, with confusion about…
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Infosys CEO Vishal Sikka resigns, blames 'drumbeat of distractions'
[ad_1] BENGALURU/MUMBAI (Reuters) – Vishal Sikka, the chief executive brought in to turn around India’s Infosys (INFY.NS) three years ago, resigned suddenly on Friday, blaming a “continuous drumbeat of distractions” and a long-running row with…
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China's Lenovo posts first-quarter loss on higher costs, sluggish PC market
[ad_1] HONG KONG (Reuters) – Chinese personal computer maker Lenovo Group Ltd (0992.HK) posted a first-quarter loss on Friday citing higher costs and slower growth in the personal computer market, and said the outlook was…
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Uber wins U.S. court appeal to push price-fixing case to arbitration
[ad_1] NEW YORK (Reuters) – Uber Technologies Inc [UBER.UL] on Thursday won a victory in its effort to keep unhappy customers from suing in court, persuading a federal appeals court to send a Connecticut passenger’s…
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Ericsson sues smartphone maker Wiko over patent infringement
[ad_1] STOCKHOLM (Reuters) – Swedish mobile infrastructure firm Ericsson is suing French-Chinese smartphone maker Wiko in two German regional courts over patent infringements, it said on Thursday. Ericsson said Wiko had infringed its rights for…
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Hyundai Motor to launch electric vehicle with 500 km range after 2021
[ad_1] SEOUL (Reuters) – Hyundai Motor Co said on Thursday it will launch a long-range electric vehicle with a driving range of 500 km (311 miles) per charge after 2021, seeking to address investor concerns…
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Amazon continues heady UK expansion with new distribution centre
[ad_1] LONDON (Reuters) – Online retailer Amazon.com Inc said on Wednesday it would open a distribution centre in Bristol, south west England, in 2018, continuing a rapid expansion that saw its investments in the UK…
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China Unicom to unveil investment from tech firms: sources
[ad_1] HONG KONG (Reuters) – Telecoms group China Unicom is set to announce on Wednesday funding from Chinese technology firms and other investors, as part of Beijing’s push for state-owned enterprises to be revitalized with…
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Apple sets record with C$2.5 billion Maple bond market issue
[ad_1] TORONTO (Reuters) – Apple Inc priced its C$2.5 billion ($1.96 billion) in seven-year bonds in a Canadian-dollar-denominated issue, one of the joint book-running managers said on Tuesday, setting a record amount for an issuer…
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Lawsuit over false online data revived after U.S. top court review
[ad_1] NEW YORK (Reuters) – A federal appeals court on Tuesday revived a California man’s lawsuit accusing Spokeo Inc of publishing an online profile about him that was filled with mistakes. The 9th U.S. Circuit…
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Uber says appeals one-month Philippine suspension, resuming services
[ad_1] MANILA (Reuters) – Uber [UBER.UL] said on Tuesday it had appealed to the Philippine authorities to reconsider a one-month suspension handed out to the ride-hailing firm a day earlier, and was resuming services as…
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Uber investor gave Kalanick a month before suing to force him off board
[ad_1] (Reuters) – Venture capital firm Benchmark Capital said on Monday it gave Uber Technologies Inc and its ousted chief executive, Travis Kalanick, a month to review its recommendations before filing a lawsuit last week…
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Facebook expands Marketplace trading service across Europe
[ad_1] FRANKFURT (Reuters) – Facebook is stepping up its modest moves into e-commerce by expanding its service for connecting local buyers and sellers into 17 new European markets, the U.S. company said on Monday. Marketplace,…
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Uber investors seek to oust Benchmark after 'destructive' lawsuit -report
[ad_1] SAN FRANCISCO (Reuters) – A lawsuit filed by investor Benchmark Capital against ousted Uber Chief Executive Travis Kalanick has raised the ire of three investors who on Friday asked the venture firm to divest…
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Bond investors give Tesla a $1.8 billion endorsement
[ad_1] NEW YORK (Reuters) – Bond investors on Friday gave a $1.8 billion boost to Tesla Inc’s (TSLA.O) balance sheet by snapping up the electric car maker’s first foray into the U.S. junk bond market,…
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Facebook OKs local firm's launch of Moments-like app in China: New York Times
[ad_1] (Reuters) – Facebook Inc, whose social media platform is blocked in China, authorized a local company to launch a photo-sharing application in the country in May, the New York Times reported, citing a person…
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Cash-strapped SoundCloud gets new funds and top management
[ad_1] FRANKFURT (Reuters) – SoundCloud, the world’s most popular streaming music app, but one that has struggled to find a profitable business model, said it received new funding on Friday, insulating it from potentially running…
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HBO offered $250,000 to hackers in bid to delay data release
[ad_1] (Reuters) – Time Warner Inc’s (TWX.N) HBO network last month offered $250,000 to cyber criminals who hacked into its computer system, asking them to extend a deadline for paying a much larger ransom, according…
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U.S. blockchain company in tie-up on medical artificial intelligence
[ad_1] NEW YORK (Reuters) – U.S. technology company The Bitfury Group has formed a partnership with Insilico Medicine, a Baltimore-based medical artificial intelligence (AI) firm, to create new applications for the healthcare industry using blockchain,…
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Russia-linked hackers targeted hotel guests across Europe: security firm
[ad_1] FRANKFURT (Reuters) – A cyber-spying group with suspected links to Russian military intelligence was probably behind a campaign targeting hotel guests in eight mostly European countries last month, researchers at security firm FireEye said…
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Snap shares hit record low as user growth miss unnerves investors
[ad_1] (Reuters) – Snap Inc’s (SNAP.N) shares fell more than 14 percent to hit a record low on Friday morning after messaging app Snapchat’s daily active user growth missed expectations for the second quarter in…
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Chinese startup Toutiao raising funds at over $20 billion valuation: sources
[ad_1] HONG KONG (Reuters) – Chinese news aggregator Toutiao, backed by Sequoia Capital and CCB International, is raising at least $2 billion at a valuation of over $20 billion in its latest funding round, people…
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Exclusive: Amazon in talks to offer event ticketing in U.S. – sources
[ad_1] NEW YORK/SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O) is seeking to partner with U.S. venue owners to sell event tickets, four sources have told Reuters, a move that could loosen Ticketmaster’s powerful grip on…
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SoftBank bolsters Flipkart's firepower to challenge Amazon in India
[ad_1] MUMBAI (Reuters) – India’s Flipkart has secured nearly $2.5 billion in funding from Japan’s SoftBank Group (9984.T), giving the online retailer more firepower to compete with Amazon (AMZN.O) in the country’s burgeoning e-commerce market.…