Technology
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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.…
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Toshiba wins auditor sign-off, likely avoiding delisting for now
[ad_1] TOKYO (Reuters) – Toshiba Corp has likely avoided immediate delisting after its auditor signed off on its financial results albeit with criticism of its governance, yet its future remains uncertain with no progress in…
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Snap shares up ahead of results; options traders eye steep stock swing
[ad_1] SAN FRANCISCO/NEW YORK (Reuters) – Shares of Snap Inc (SNAP.N) rallied on Wednesday as options traders buckled in for the social media company’s quarterly results and after an analyst said the beaten-down stock was…