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News highlights for 17 July 2017 Toshiba shares jump as hedge fund takes a stake TOKYO (Reuters) – Toshiba Corp shares jumped on Tuesday after a U.S. hedge fund said it had added a stake and after Western Digital Corp did not gain an immediate injunction to block the $18 billion sale of the Japanese […]
WASHINGTON (Reuters) – A U.S. federal appeals court on Monday upheld nondisclosure rules that allow the FBI to secretly issue surveillance orders for customer data to communications firms, a ruling that dealt a blow to privacy advocates. A unanimous three-judge panel on the 9th U.S. Circuit Court of Appeals in San Francisco sided with a […]
WASHINGTON (Reuters) – Tech companies clashed with internet service providers on Monday over whether a landmark 2015 net neutrality order barring the blocking or slowing of web content should be scrapped by the U.S. Federal Communications Commission. A group representing major technology firms including Alphabet Inc and Facebook Inc urged the FCC to abandon plans […]
News highlights for 16 July 2017 Warren Buffett and John Malone consider Sprint stake: sources (Reuters) – Warren Buffett’s Berkshire Hathaway Inc and John Malone’s Liberty Media Corp are exploring an investment of between $10 billion and $20 billion in U.S. wireless carrier Sprint Corp, people familiar with the matter said. Read more… US judge […]
MOGADISHU (Reuters) – A severed marine cable has left Somalia without internet for weeks, triggering losses for businesses, residents said, and adding a layer of chaos in a country where Islamist insurgents are carrying out a campaign of bombings and killings. Abdi Anshuur, Somalia’s minister for posts and telecommunications, told state radio that internet to […]
(Reuters) – AT&T Inc will run its wireless and DirecTV satellite television businesses separately from Time Warner Inc’s media assets following its $85.4 billion acquisition of the entertainment group, a source told Reuters on Friday. Buying Time Warner gives AT&T control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted […]
NEW YORK (Reuters) – Sprint Corp said on Friday that it was launching new leasing options aimed at price-sensitive customers who want to upgrade their phones more often, the carrier’s latest effort to lure subscribers in an oversaturated market for wireless service. The No. 4 U.S. wireless carrier will now allow customers to lease any […]
News highlights for 13 July 2017 French Government will appeal Google tax ruling PARIS (Reuters) – The French government said on Thursday it would appeal against a court ruling in Google’s favour with regard to 1.1 billion euros ($1.25 billion) in tax. Read more… Carmakers write to Chinese Government to relax quotas on electric cars […]
WASHINGTON (Reuters) – The U.S. Federal Communications Commission on Thursday approved allocating a larger consolidated block of spectrum for use by motor vehicle and aircraft radar systems to help avoid crashes. The FCC first approved 1 GHz of spectrum in 1995 for motor vehicles to use radar that allowed for the introduction of collision avoidance […]
NEW YORK (Reuters) – BlackRock Inc’s global chief investment strategist on Tuesday suggested that loose monetary policy may have aided speculation in digital currencies like bitcoin, but he said the risk to the broader financial system appears limited. The strategist, Richard Turnill, said it might be possible to view price movements in blockchain-based cryptocurrencies as […]
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