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Reuters

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AT&T believes it can bypass FCC scrutiny with Time Warner purchase

AT&T believes it can bypass FCC scrutiny with Time Warner purchase

Written by on January 6, 2017 in News with 0 Comments

WASHINGTON, Jan 6 (Reuters) – AT&T Inc expects to be able to bypass a powerful telecommunications regulator in its planned $85.4 billion acquisition of Time Warner Inc, the companies said in regulatory filings on Friday. Time Warner said that since it does not plan to transfer any Federal Communications Commission licenses to AT&T, it would […]

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ZTE encounters biggest crisis in its history, axes 3,000 jobs

ZTE encounters biggest crisis in its history, axes 3,000 jobs

Written by on January 6, 2017 in News with 0 Comments

HONG KONG (Reuters) – Chinese telecom equipment maker ZTE, which is facing U.S. trade sanctions that could severely disrupt its supply chain, is slashing about 3,000 jobs, including a fifth of positions in its struggling handset business in China, company sources said. The sources said the Shenzhen-based company, one of the world’s biggest telecoms gear […]

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Google pushes virtual, augmented reality at CES, early days

Google pushes virtual, augmented reality at CES, early days

Written by on January 6, 2017 in News with 0 Comments

(Reuters) – Alphabet Inc’s Google quickened the pace of its push into virtual and augmented reality this week as its hardware partners announced new devices featuring the company’s technology at the CES electronics show in Las Vegas. Google has been trying to position the vast network of smartphones running its Android operating system for virtual […]

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Is the Verizon Yahoo deal in real jeopardy?

Is the Verizon Yahoo deal in real jeopardy?

Written by on January 6, 2017 in News with 0 Comments

(Reuters) – A senior Verizon Communications Inc executive said on Thursday that the company was unsure about its planned acquisition of Yahoo Inc’s internet business. Yahoo came under renewed scrutiny by federal investigators and lawmakers last month after disclosing the largest known data breach in history, prompting Verizon to demand better terms for its planned […]

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For Israeli start-ups, an immediate exit strategy may not be a priority

For Israeli start-ups, an immediate exit strategy may not be a priority

Written by on January 5, 2017 in Features with 0 Comments

TEL AVIV (Reuters) – Whenever potential buyers have approached Tel Aviv-based Fiverr, the technology firm has said no; like a growing number of Israeli start-ups, it has enough backing from private investors to stay independent for longer. Traditionally, many of Israel’s numerous tech companies have sold out at an early stage to global giants like […]

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New York Times removed from Chinese app store

New York Times removed from Chinese app store

Written by on January 5, 2017 in News with 0 Comments

(Reuters) – Apple Inc has removed the New York Times Co’s news apps from its app store in China following a request from the Chinese authorities, the companies said separately on Thursday. Apple removed both the English-language and Chinese-language apps from the iTunes store in China on Dec. 23, according to the New York Times, which […]

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Ex employee of Snapchat accuses company of misleading investors

Ex employee of Snapchat accuses company of misleading investors

Written by on January 5, 2017 in News with 0 Comments

(Reuters) – A former employee has dragged Snapchat to court accusing the messaging app of misleading investors and trading partners to drive up its initial public offering, the Hollywood Reporter said citing a court document. In the lawsuit filed on Wednesday in a California court by Anthony Pompliano, who earlier worked with Facebook Inc, also […]

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With shipments up 50%, is Amazon on course for profits?

With shipments up 50%, is Amazon on course for profits?

Written by on January 4, 2017 in News with 0 Comments

(Reuters) – Amazon.com Inc shipped 50 percent more items this holiday season than last for third-party vendors and doubled the amount for 2016 overall, the retail giant said on Wednesday. The news offers new data points for investors who are hoping Amazon will post a profit for the fourth quarter when it announces results in […]

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Canadian fintech is revitalizing the startup scene attracting major funding

Canadian fintech is revitalizing the startup scene attracting major funding

Written by on January 4, 2017 in News with 0 Comments

TORONTO (Reuters) – Venture capital-backed investment in Canadian financial technology companies hit its highest level in almost two decades last year, even as the flow of funds into major fintech markets like the United States declined, according to sector data. Fintechs, or companies that use innovative technology to revamp everything from banking to fraud security, […]

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Twitter’s China boss Kathy Chen throws in the towel after just eight months

Twitter’s China boss Kathy Chen throws in the towel after just eight months

Written by on January 3, 2017 in News with 0 Comments

NEW YORK/BEIJING (Reuters) – Twitter Inc executive Kathy Chen, brought in to run Greater China just over eight months ago, has quit, according to a tweet sent by her over the weekend. Twitter has been blocked in China since 2009 but is still used through virtual private networks (VPN). Domestically, the Sina Weibo microblogging platform […]

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