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Wal-mart consolidates online and offline products to better fight Amazon

Wal-mart consolidates online and offline products to better fight Amazon

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

CHICAGO (Reuters) – Wal-Mart Stores Inc for the first time will combine its own buying for products sold at its stores with purchases it makes for its website, sources said, a significant move to stamp out duplicate efforts as it consolidates buying operations to better fight Amazon.com Inc. Vendors contacted by Wal-Mart about the change […]

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News highlights – 12 February

News highlights – 12 February

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

News highlights for 12 February Australian banks want collective bargaining with Apple over payment system SYDNEY (Reuters) – Australian banks seeking permission from the country’s competition regulator to bargain collectively with Apple Inc over its mobile payment system said on Monday they will focus on gaining access to the U.S. tech company’s contactless payment function, […]

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FCC’s Pai keeps net neutrality reforms close to his chest

FCC’s Pai keeps net neutrality reforms close to his chest

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

WASHINGTON (Reuters) – The new chairman of the U.S. Federal Communications Commission under President Donald Trump is keeping under wraps his strategy to revise or reverse the Obama administration’s “net neutrality” rules, but emphasized he is committed to ensuring an open internet. Ajit Pai, 44, a Republican lawyer who has served as a FCC commissioner […]

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Verizon back with unlimited data plan as competition hots up

Verizon back with unlimited data plan as competition hots up

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

NEW YORK (Reuters) – Verizon Communications Inc will introduce an unlimited data plan on Monday, its first in more than five years, in its latest effort to lure customers as competition rises between network carriers. The introductory plan, announced on Sunday, will give unlimited data to customers on smartphones and tablets on its 4G LTE […]

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Twitter numbers show no path to profitability, should Trump be worried?

Twitter numbers show no path to profitability, should Trump be worried?

Written by on February 10, 2017 in News with 0 Comments

(Reuters) – Twitter Inc’s desultory earnings report on Thursday show a company with no evident path to profitability, as core costs climb more quickly than revenue while user growth stagnates. For all the buzz the San Francisco company has created as the preferred platform for U.S. President Donald Trump and other high-profile figures, Twitter has […]

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More banks join Apple Pay in Australia in challenge to Big Four

More banks join Apple Pay in Australia in challenge to Big Four

Written by on February 10, 2017 in News with 0 Comments

SYDNEY (Reuters) – Macquarie Group and ING Direct on Friday said they would start using Apple Inc’s mobile payment service in Australia this month, hoping to snatch market share from the major retail banks through digital technology. So far only one of the major banks, Australia and New Zealand Banking Group, has adopted the Apple […]

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News highlights – 9 February

News highlights – 9 February

Written by on February 10, 2017 in News with 0 Comments

News highlights for 9 February Lloyds joins new British banking cyber defense alliance: sources LONDON (Reuters) – Lloyds Banking Group is the latest bank to join a new British cyber security group for banks called the Cyber Defence Alliance (CDA), sources with direct knowledge of the matter told Reuters. Read more… Apple CEO Cook ‘optimistic’ […]

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Nasdaq plans venture arm to invest in fintech sector

Nasdaq plans venture arm to invest in fintech sector

Written by on February 10, 2017 in News with 0 Comments

NEW YORK (Reuters) – Exchange operator Nasdaq Inc plans to set up a venture capital arm to invest in financial technology companies that can help grow its own businesses, two people familiar with the plans told Reuters. The amount Nasdaq would invest could not be learned, though one person described it as “modest” relative to […]

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Twitter is slowing and slowing, shares slide again

Twitter is slowing and slowing, shares slide again

Written by on February 10, 2017 in News with 0 Comments

(Reuters) – Investors hammered Twitter Inc on Thursday after the social network reported its slowest quarterly revenue growth since going public in 2013, struggling to attract advertisers amid intense competition from Snap Inc’s Snapchat and Facebook Inc. The company’s shares fell as much as 10 percent to $16.81 in premarket trading. Revenue grew just 1 […]

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UK to fast track insurance claims for self-driving cars

UK to fast track insurance claims for self-driving cars

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

LONDON (Reuters) – Britain plans to introduce new insurance rules to ensure victims of accidents involving self-driving cars are compensated quickly in a bid to remove a major obstacle for the nascent industry. The introduction of self-driving cars has been hampered by legal hurdles in several countries as insurers and legislators try to establish who […]

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