Sony shares soar to nine-year high after forecast of record profit

TOKYO (Reuters) - Shares in Sony Corp (6758.T) soared as much as 11.6 percent to a nine-year high on Wednesday after the Japanese electronics and entertainment firm forecast its best ever annual profit. Logos of Sony Corp are seen at an electronics store in Narita International airport in Narita, Ja...

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Brazil OKs amended bill on car-hailing apps after Uber lobbying

BRASILIA (Reuters) - Brazil’s Senate approved a weaker version of a hotly disputed bill to regulate car-hailing services like Uber Technologies Inc [UBER.UL] on Tuesday after the U.S. company’s chief executive warned it could make its business unworkable in the country. The chief executi...

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U.S. senators hammer Facebook for power over elections

WASHINGTON (Reuters) - U.S. senators on Tuesday pressed Facebook Inc’s chief lawyer on why the company did not catch 2016 election ads bought using Russian rubles, why its investigation of them took so long and how much it knows about its 5 million advertisers. Democrats and Republicans at the...

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Brazil Senate approves amended bill regulating car-hailing apps

BRASILIA (Reuters) - Brazil’s Senate approved by 46-10 votes a hotly debated bill on Tuesday that regulates car-hailing apps like Uber and amended the legislation to remove some clauses that would undermine their business. Senators agreed to drop requirements in the bill that drivers own their...

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Game publisher EA's holiday-quarter sales forecast misses estimates

(Reuters) - Electronic Arts Inc’s (EA.O) revenue forecast for the holiday quarter narrowly missed estimates on Tuesday as the game developer gears to face tough competition from rivals such as Activision. FILE PHOTO: The Electronic Arts Inc., logo is displayed on a screen during a PlayStation ...

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U.S. lawmakers turn to tech sector for answers on 2016 election

WASHINGTON (Reuters) - U.S. senators said on Tuesday they wanted to work with Silicon Valley to find answers to election meddling as they kicked off two days of congressional hearings on how Russia allegedly manipulated social media networks to try to influence the 2016 U.S. campaign. Lawyers from F...

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Videogame publisher EA's holiday-quarter sales forecast misses estimates

(Reuters) - Electronic Arts Inc’s (EA.O) revenue forecast for the keenly watched holiday quarter narrowly missed estimates on Tuesday amid expectations of tough competition from other games that are likely to release around the same time. FILE PHOTO: The Electronic Arts Inc., logo is displayed...

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Uber CEO says company's future in Brazil in the balance

BRASILIA (Reuters) - The chief executive of Uber Technologies Inc, Dara Khosrowshahi, said on Tuesday that his company’s future in Brazil depends on government decisions, as the Brazilian Senate prepared to vote on regulating car hailing apps. Dara Khosrowshahi in Sun Valley, Idaho July 13, 20...

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Swedish prosecutors drop 2016 probe into Fingerprint Cards

STOCKHOLM (Reuters) - The Swedish Economic Crime Authority said on Tuesday it had discontinued an investigation launched in December 2016 into market abuse involving Fingerprint Cards. The agency had launched a probe into the Swedish smartphone touch sensor maker’s chief executive Johan Carlst...

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ADP, ISS reject Ackman's claims they exchanged non-public data

(Reuters) - Automatic Data Processing Inc rejected as “false and misleading” on Tuesday the accusation by billionaire investor William Ackman that the company gave proxy adviser Institutional Shareholder Services non-publicly disclosed information. FILE PHOTO: William 'Bill' Ackman, CEO ...

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Lawmakers turn to tech sector for answers on 2016 election

WASHINGTON (Reuters) - Lawyers from Facebook Inc (FB.O), Twitter Inc (TWTR.N) and Alphabet Inc’s (GOOGL.O) Google head before U.S. lawmakers on Tuesday for two days of hearings on how Russia allegedly used their services to try to sway the 2016 U.S. elections. The U.S. Senate’s crime sub...

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Senators to introduce bill to boost cyber defenses of voting systems

WASHINGTON (Reuters) - A bipartisan pair of U.S. senators plans to introduce legislation on Tuesday seeking to boost the cyber defenses of state election systems, after warnings from senior U.S. officials that future elections may be vulnerable to foreign interference. Voting booths are seen during ...

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Senators aim to protect election systems from hacking

WASHINGTON (Reuters) - A bipartisan pair of U.S. senators plans to introduce legislation on Tuesday seeking to boost the cyber defenses of state election systems, after warnings from senior U.S. officials that future elections may be vulnerable to foreign interference. Voting booths are seen during ...

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CME to launch Bitcoin futures

(Reuters) - CME Group Inc, the world’s largest futures market operator, said on Tuesday it intends to launch Bitcoin futures in the fourth quarter of 2017, pending regulatory approvals. FILE PHOTO: A Bitcoin logo is displayed at the Bitcoin Center New York City in New York's financial district...

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iPhone X is best yet and FaceID works, mostly: reviewers

(Reuters) - The first reviews of Apple Inc’s eagerly awaited iPhone X are out and the verdict is clear: it is the best iPhone yet. An attendee uses the Face ID function on the new iPhone X during a presentation for the media in Beijing, China October 31, 2017. REUTERS/Thomas Peter The run-in t...

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ADP says Ackman's claims it misled ISS are false

(Reuters) - Automatic Data Processing Inc rejected as “false and misleading” on Tuesday the accusation by billionaire investor William Ackman that the company had made incorrect statements to a proxy adviser. FILE PHOTO: William 'Bill' Ackman, CEO and Portfolio Manager of Pershing Square...

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Ahead of iPhone X launch, China vendors cut prices of iPhone 8 models

HONG KONG (Reuters) - Chinese vendors have slashed the price of Apple’s iPhone 8 by up to a fifth in a bid to lure customers amid sluggish demand ahead of the launch of the tech giant’s much-anticipated iPhone X on Friday. A attendee uses a new iPhone X during a presentation for the medi...

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Tech executives head to U.S. Congress under harsh spotlight

WASHINGTON (Reuters) - Facebook Inc (FB.O), Twitter Inc (TWTR.N) and Alphabet Inc’s (GOOGL.O) Google head before U.S. lawmakers on Tuesday for two days of grueling hearings on how Russia allegedly used their services to try to sway the 2016 U.S. election. A Facebook logo is pictured at the Fra...

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Electric cars set world's nickel miners on new course

SYDNEY/MELBOURNE (Reuters) - Battery makers are increasingly turning to nickel to help power growing global electric car sales, but only half of the world’s producers of the metal are likely to benefit, mining analysts and executives say. FILE PHOTO: A Tesla Model X is seen alongside a Model S...

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Top banks and R3 build blockchain-based payments system

LONDON (Reuters) - Fintech firm R3 and 22 of the world’s biggest banks have together developed an international payments system that would allow existing central bank currencies and any new digital ones to be transacted via the blockchain, R3 said on Tuesday. A copy of bitcoin standing on PC m...

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