News highlights – August 8

Written by on August 9, 2016 in News with 0 Comments

News highlights for August 8

REUTERS/Kim Kyung-Hoon/File Photo

REUTERS/Kim Kyung-Hoon/File Photo

Pokemon Go eludes cloning attempts by big game studios: executives

SAN FRANCISCO (Reuters) – Top video game companies, caught off-guard by the runaway success of Pokemon Go, are wrestling with how to play catch-up to the augmented reality app that has become a worldwide phenomenon. Read more…

SFR’s second-quarter profitability hit by heavy promotions in mobile business

PARIS (Reuters) – France’s SFR reported a steep decline of its second-quarter core operating profit, hit by heavy promotions and customer losses in its mobile business as competition remains fierce in the French telecoms market. Read more…

Twilio quarterly revenue jumps 70 percent

(Reuters) –Twilio Inc, a developer-focused messaging and voice services provider, posted a bigger-than-expected 70 percent jump in quarterly revenue and forecast current-quarter revenue above analysts’ estimates due to strong demand. Read more…

U.S. to auction $1.6 million of bitcoin from various cases

NEW YORK (Reuters) – The U.S. government said on Monday it plans to auction over 2,700 bitcoins that were forfeited during several cases, several of which stemmed from investigations of the online black market known as Silk Road. The U.S. Marshals Service said that the online auction would be held on Aug. 22, and that potential bidders must register by Aug. 18. The bitcoin are worth about $1.6 million, according to the Bitstamp exchange. Read more…

LendingClub turmoil takes toll as company posts widening losses

(Reuters) – LendingClub Corp on Monday reported its largest quarterly loss in a year as it struggles to bring banks back to its online lending platform following the departure of its chief executive and a scandal involving altered loan documents. Read more…

India ride-hailing firm Ola sideswiped as Uber, Didi team up in China

NEW DELHI (Reuters) – Didi Chuxing’s acquisition of Uber’s China business last week reshapes the landscape in Asia’s growing ride-hailing sector, and leaves India’s Ola more vulnerable to attack by Uber in its $12 billion home market. Read more…

Wal-Mart buying Jet.com to lift online sales, battle Amazon

(Reuters) – Wal-Mart Stores Inc, vying to better challenge Amazon.com Inc , will pay about $3 billion for internet retailer Jet.com and its innovative pricing software in the largest-ever deal for an e-commerce startup. Read more…

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