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Verizon closes Yahoo purchase, Marissa Meyer steps down

Verizon closes Yahoo purchase, Marissa Meyer steps down

Written by on June 14, 2017 in News with 0 Comments

(Reuters) – Verizon Communications Inc said on Tuesday it closed its $4.48 billion acquisition of Yahoo Inc’s core business and that Marissa Mayer, chief executive of the internet company, had resigned. The completion of the acquisition marked the end of Yahoo as a stand-alone internet company, a tech pioneer once valued at more than $100 […]

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News highlights – 12 June

News highlights – 12 June

Written by on June 13, 2017 in News with 0 Comments

News highlights for 12 June Toshiba faces new lawsuit over accounting scandal TOKYO (Reuters) – Toshiba Corp on Tuesday said it was being sued by another group of foreign investors for 43.9 billion yen ($399 million) in damages over a $1.3 billion accounting scandal uncovered two years ago. Read more… Coinbase exchange suffers outage due […]

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Technology rout poses question: blip or the dawn of reality?

Technology rout poses question: blip or the dawn of reality?

Written by on June 13, 2017 in News with 0 Comments

NEW YORK (Reuters) – The “sell in May” memo arrived a bit late in some investors’ inboxes this year. A technology sector rout extended to its second trading day on Monday, with the Nasdaq Composite on track for its biggest two-day loss since September. The tech selling dragged down all three major indexes, causing concerns […]

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US banks will roll out Zelle to challenge payments app Venmo

US banks will roll out Zelle to challenge payments app Venmo

Written by on June 13, 2017 in News with 0 Comments

NEW YORK (Reuters) – The U.S. banking industry is about to launch its answer to the popular mobile payments app Venmo, in what is likely to be the biggest change in years in how individuals exchange funds digitally. Over the next week, five of the largest U.S. banks will light up their segments of a […]

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News highlights – 11 June

News highlights – 11 June

Written by on June 12, 2017 in News with 0 Comments

News highlights for 11 June EU starts investigation into Qualcomm’s NXP bid BRUSSELS (Reuters) – EU antitrust authorities opened an investigation on Friday into Qualcomm’s $38-billion bid for NXP Semiconductors, ratcheting up pressure on the U.S. smartphone chipmaker to offer concessions to address their concerns. Read more… Western Digital raising offer in last ditch attempt […]

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Oi wants to raise $2.4 billion to speed up emergence from bankruptcy

Oi wants to raise $2.4 billion to speed up emergence from bankruptcy

Written by on June 12, 2017 in News with 0 Comments

SAO PAULO (Reuters) – Oi SA is working on a proposal to raise 8 billion reais ($2.4 billion) in fresh capital from shareholders and investors as a way to accelerate the Brazilian wireless carrier’s emergence from bankruptcy, Chief Executive Officer Marco Schroeder told Reuters on Friday. Under terms of the plan, which are under analysis […]

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Tim Cook warns MIT students to think like humans, not computers

Tim Cook warns MIT students to think like humans, not computers

Written by on June 12, 2017 in News with 0 Comments

CAMBRIDGE, Mass. (Reuters) – Apple CEO Tim Cook on Friday warned graduates at MIT, a pioneer in fields like computers and robots, about technology’s dehumanizing aspects and urged them to infuse its development with their own values. “I’m not worried about artificial intelligence giving computers the ability to think like humans,” Cook said in his […]

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News highlights – 8 June

News highlights – 8 June

Written by on June 9, 2017 in News with 0 Comments

News highlights for 8 June BT drops PwC as auditors after BT Italy scandal (Reuters) – Britain’s BT said on Thursday it would drop PricewaterhouseCoopers (PwC), its auditors since 1984, in favor of KPMG after an evaluation done following BT’s Italy accounting scandal revealed “areas for improvement” for PwC. Read more… Bain replacing KKR in […]

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Boeing is studying self-flying planes, plans to test tech soon

Boeing is studying self-flying planes, plans to test tech soon

Written by on June 9, 2017 in News with 0 Comments

SEATTLE (Reuters) – Boeing Co is looking ahead to a brave new world where jetliners fly without pilots and aims to test some of the technology next year, the world’s biggest plane maker said in a briefing ahead of the Paris Airshow. The idea may seem far-fetched but with self-flying drones available for less than […]

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VC firm DST Global sees $4 trillion worth of new internet companies

VC firm DST Global sees $4 trillion worth of new internet companies

Written by on June 9, 2017 in News with 0 Comments

HONG KONG (Reuters) – A surge in online consumer spending globally in coming years will create $4 trillion worth of new internet companies by the middle of the next decade, billionaire investor Yuri Milner, founder of venture capitalist DST Global, said on Friday. Milner, an early backer of internet firms Alibaba Group Holding Ltd, Facebook […]

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