News highlights for 17 July 2017
REUTERS/Toru Hanai/File Photo
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 conglomerate’s chip unit. Read more…
Beware connected toys, FBI warns parents
NEW YORK (Reuters) – The US FBI on Monday warned parents of privacy and safety risks from children’s toys connected to the internet. In an advisory posted on its website, the Federal Bureau of Investigation said that such toys may contain parts or capabilities such as microphones and cameras. Read more…
Netflix shares jump over 10% as company beats subscriber targets
(Reuters) – Netflix Inc crushed Wall Street forecasts by adding 5.2 million new streaming customers in the second quarter and predicted continued momentum as foreign subscriptions topped those in the United States, lifting its stock 10.4 percent on Monday. Read more…
Samsung Pay will add PayPal as a payment method
Samsung Electronics has announced it will add PayPal as a payment method within Samsung Pay wherever Samsung Pay is accepted – in-app, online and in-store. Read more…
Private equity firms bid for Hutchison’s fixed line business: sources
HONG KONG (Reuters) – A consortium of private equity firms TPG Capital Management LP and MBK Partners, and investment manager I Squared Capital Advisors LLC have put in separate bids for the fixed-line phone unit of Hong Kong’s richest man, Li Ka-Shing, said people involved in the matter. Read more…
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