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BEIJING (Reuters) – Zhang Long made his fortune selling Pu’er fermented tea and handcrafted furniture from the mountains of his native Yunnan Province in southwest China. Last November, the 49-year old entrepreneur, who has no technology background, strode into a Beijing ballroom to pitch his latest made-in-China product: SPGnux, a Linux-based operating system he says […]
(Reuters) – Shares of Salesforce.com Inc jumped as much as 6.4 percent on Tuesday after a Bloomberg report that Microsoft Corp was evaluating a bid for the cloud software provider. Salesforce shares rose from $71.4 to $75.82 in about a minute late Tuesday afternoon, after which trading was temporarily halted. The stock closed 1.6 percent […]
LUXEMBOURG (Reuters) – In a clash of corporate titans over naming rights in a fast-changing industry, Microsoft and its Skype phone service came out on the losing side of an EU court battle on Tuesday with Rupert Murdoch’s television business Sky. Judges at the General Court of the European Union in Luxembourg upheld a complaint […]
BRUSSELS (Reuters) – The European Union will announce a wide-ranging probe on Wednesday into how big technology companies such as Google, Amazon and Facebook use their market power as it considers whether to regulate them more tightly. The inquiry, which by its nature will inevitably focus heavily on U.S. firms, follows calls from France and […]
VIENNA (Reuters) – The chief executive of Deutsche Telekom unit T-Mobile Austria sees price pressure increasing from so-called Mobile Virtual Network Operators’ (MVNOs) piggy-backing on bigger providers’ infrastructure, he said on Tuesday. “It’s a question of intensified competition which increased in Austria in the last few weeks… from all sides,” CEO Andreas Bierwirth told reporters. […]
AMSTERDAM (Reuters) – Dutch navigation company TomTom aims to become a main provider of technology for self-driving cars as it charts its way back to success after seven lean years, chief executive Harold Goddijn said. Goddijn told Reuters that an overhaul of TomTom’s digital mapping architecture lies behind a renaissance that has seen its automotive […]
BERLIN (Reuters) – Germany’s top public prosecutor will look into accusations that the country’s BND foreign intelligence agency violated laws by helping the United States spy on officials and firms in Europe, including Airbus group, the federal prosecutors office said. A spokesman for the prosecutors office confirmed weekend media reports that an investigation had been […]
(Reuters) – Another day, another shock for investors in social media stocks. Shares of LinkedIn Corp, operator of the most popular social network for professionals, fell 20 percent in early trading on Friday, wiping out more than $6 billion of market value, after the company slashed its full-year forecast. LinkedIn reported on Thursday its slowest […]
MUMBAI (Reuters) – After losing top engineering talent for years to America’s tech heartland of Silicon Valley, India is luring them back as an e-commerce boom sparks a thriving start-up culture, unprecedented pay, and perks including free healthcare for in-laws. India’s IT industry has long been seen as a back-office backwater, even by its own […]
(Reuters) – Forget ‘wearables’, and even ‘hearables’. The next big thing in mobile devices: ‘disappearables’. Even as the new Apple Watch piques consumer interest in wrist-worn devices, the pace of innovation and the tumbling cost, and size, of components will make wearables smaller – so small, some in the industry say, that no one will […]
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