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Samsung closes its group strategy office following probe into graft scandal

Samsung closes its group strategy office following probe into graft scandal

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

SEOUL (Reuters) – Samsung Group said it will disband its corporate strategy office after a special prosecution probe ends, setting a timeline on a pledge to wind up the office that has been criticized for its role in a national graft scandal. The smartphones-to-biopharmaceuticals business empire is currently being investigated by the South Korean special […]

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Sponsored data probe closed by US regulator, no action needed

Sponsored data probe closed by US regulator, no action needed

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

WASHINGTON (Reuters) – The US telecommunications regulator said on Friday it was closing inquiries into sponsored data programs and TV services offered by AT&T Inc, Verizon Communications Inc, Comcast Corp, T-Mobile USA Inc without taking any action. Under the Obama administration, the Federal Communications Commission had sent letters raising concerns about whether some data practices […]

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Proposed IoT security labelling scheme criticised by top telecoms regulator

Proposed IoT security labelling scheme criticised by top telecoms regulator

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

The top EU telecoms regulator criticised the European Commission’s plans to introduce this spring a labelling scheme to rank the cybersecurity of internet-connected devices, arguing it would only reinforce big tech companies’ dominance. “I think this is an idea that must be really be challenged,” Sébastien Soriano, chair of French telecoms regulator Arcep and this […]

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News highlights – 2 February

News highlights – 2 February

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

News highlights for 2 February Snap IPO, no promise of profits on $3 billion valuation (Reuters) – Snapchat owner Snap Inc shot the opening salvo in its $3 billion initial public offering on Thursday, outlining aggressive expansion plans but offering new investors no say on how the company is run and no promise of profits. […]

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Nervous Indian IT leaders to meet Trump administration

Nervous Indian IT leaders to meet Trump administration

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

MUMBAI (Reuters) – Indian IT sector leaders will meet both U.S. lawmakers and officials from U.S. President Donald Trump’s administration later this month to lobby against any major changes to visa regulations that could hurt the country’s $150 billion industry. R. Chandrashekhar, head of Indian IT industry body Nasscom, said details of the visit were […]

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Vodafone, BT see slowing growth in international markets

Vodafone, BT see slowing growth in international markets

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

LONDON (Reuters) – Vodafone, the world’s second-biggest mobile operator, said on Thursday that the rate of growth in its international business division had slowed, echoing a similar warning given by British rival BT last week. BT, Britain’s dominant fixed-line telecoms operator that provides networked IT and cloud services to companies and governments around the world, […]

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Secretive Snap keeps registration document away from some banks

Secretive Snap keeps registration document away from some banks

Written by on February 2, 2017 in News with 0 Comments

(Reuters) – Some investment banks seeking to be added as underwriters to Snapchat owner Snap Inc’s initial public offering registration document have been denied access to review it before it is made public this week, according to people familiar with the matter. The unusual move underscores Snap’s relentless campaign to crack down on information leaks. […]

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News highlights – 1 February

News highlights – 1 February

Written by on February 2, 2017 in News with 0 Comments

News highlights for 1 February Mastercard and Unirush fined $13 million over prepaid card bungle WASHINGTON (Reuters) – The U.S. government on Wednesday fined Mastercard Inc and UniRush $13 million for a failure with prepaid cards that in 2015 left tens of thousands of people unable to pay bills and access cash. Read more… Indian […]

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Texas jury awards Zenimax $500 million in Oculus, Facebook lawsuit

Texas jury awards Zenimax $500 million in Oculus, Facebook lawsuit

Written by on February 2, 2017 in News with 0 Comments

(Reuters) – A U.S. jury in Texas on Wednesday ordered Facebook Inc, its virtual reality unit Oculus, and other defendants to pay a combined $500 million to ZeniMax Media Inc, a video game publisher that says Oculus stole its technology. The jury in federal court in Dallas found Oculus, which Facebook acquired for about $2 billion in […]

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Charter faces lawsuit over internet speed promises they couldn’t keep

Charter faces lawsuit over internet speed promises they couldn’t keep

Written by on February 2, 2017 in News with 0 Comments

NEW YORK (Reuters) – New York filed a lawsuit on Wednesday accusing Charter Communications Inc of short-changing customers who were promised faster internet speeds than it could deliver. The lawsuit in State Supreme Court in Manhattan accused Charter’s Spectrum unit, until recently known as Time Warner Cable, of systematically defrauding customers since 2012 by promising […]

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