Facebook's Watch goes up against YouTube for ad dollars

(Reuters) - Facebook Inc launched its Watch video service to U.S. users on Thursday with plans to allow people to submit shows, as the No. 1 social media network vies with Alphabet Inc’s YouTube for advertising revenue. Advertisers are shifting more of their budgets from television to online a...

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Yahoo must face litigation by data breach victims: U.S. judge

(Reuters) - A U.S. judge said Yahoo must face nationwide litigation brought on behalf of well over 1 billion users who said their personal information was compromised in three massive data breaches. Wednesday night's decision from U.S. District Judge Lucy Koh in San Jose, California, was a setback f...

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Lyft expands ride-sharing service to 32 more states

(Reuters) - U.S.-based ride services company Lyft Inc said on Thursday it unveiled availability to an additional 32 states, as it looks to take market share from its main rival Uber. Lyft, the No. 2 ride-sharing service by volume after Uber Technologies Inc [UBER.UL], will now offer rides in 40 stat...

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Taiwan startup develops laser engraver for general users

TAIPEI (Reuters) - Muherz, a Taiwan-based start-up, is aiming to bring laser engraving to the masses with its Kickstarter-funded device Cubiio. Built in the shape of a cube, Cubiio can be used to engrave images saved on a memory card onto leather, paper, wood, and even food. Hung Shao-kang, a mechan...

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Time Inc shifts toward video as eyeballs move online

NEW YORK (Reuters) - Time Inc, publisher of magazines including People and Sports Illustrated, is turning to the internet to distribute its growing cache of video material and television shows, part of a plan to counter fast-declining print advertising revenue. The move shows that even the largest t...

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Facebook Watch steps up competition with YouTube for ad dollars

(Reuters) - Facebook Inc launched its Watch video service to all users on Thursday with plans to allow anyone to submit shows, as the No. 1 social media network takes on Alphabet Inc's rival YouTube to boost advertising revenue. The move comes as advertisers are increasingly shifting budgets from te...

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Toshiba misses target date for chip unit sale, increasing business risks

TOKYO (Reuters) - Toshiba Corp (6502.T) failed to seal a deal to sell its prized chip business by an internal deadline of Thursday, raising doubts about whether it can plug a balance sheet hole in time to avoid a delisting and keep the unit competitive. The embattled Japanese conglomerate said in a ...

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Magna pitches new self-driving vehicle system

DETROIT (Reuters) - Auto supplier Magna International Inc on Thursday said it is developing a system automakers can use to enable vehicles to drive themselves without requiring bulky rooftop sensors or other compromises to vehicle styling. Magna is one of several major automotive technology supplier...

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LG packs image, audio features into new flagship phone

BERLIN (Reuters) - LG Electronics on Thursday introduced a slimmer version of its top-of-the-line phone, with advanced new camera and voice-activation features aimed at active video users, which it hopes can help it claw back market share lost to rivals. The LG V30 offers a 6-inch screen that is sho...

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Chinese cyber spies broaden attacks in Vietnam, security firm says

(Reuters) - Cyber spies working for or on behalf of China's government have broadened attacks against official and corporate targets in Vietnam at a time of raised tension over the South China Sea, cyber security company FireEye said. FireEye told Reuters the attacks happened in recent weeks and it ...

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Coin offerings create financial risks: China industry body

SHANGHAI (Reuters) - Launches of new digital currencies, known as initial coin offerings (ICOs), have shaken up social and economic order, created hidden financial risks, and in some cases may amount to fraud, China's National Internet Finance Association said. ICO investors should be wary and repor...

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Twitter Bots Use Likes, RTs for Intimidation

I awoke this morning to find my account on Twitter (@briankrebs) had attracted almost 12,000 new followers overnight. Then I noticed I’d gained almost as many followers as the number of re-tweets (RTs) earned for a tweet I published on Tuesday. The tweet stated how every time I tweet...

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Twitter Bots Use Likes, RTs for Intimidation

I awoke this morning to find my account on Twitter (@briankrebs) had attracted almost 12,000 new followers overnight. Then I noticed I’d gained almost as many followers as the number of re-tweets (RTs) earned for a tweet I published on Tuesday. The tweet stated how every time I tweet...

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Faced with new bid, Toshiba looks set to miss chip sale deadline

TOKYO (Reuters) - Toshiba Corp (6502.T) looks set to miss its own deadline of Aug 31 to agree an $17.3 billion sale of its chips business, a deal that would plug a gaping balance sheet hole and help the group avoid an embarrassing and potentially costly delisting. Toshiba's board had been expected t...

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Expedia picks CFO Okerstrom to replace Khosrowshahi as CEO

(Reuters) - Expedia Inc named Chief Financial Officer Mark Okerstrom as its new chief executive, replacing Dara Khosrowshahi, who left to take over the top job at Uber Technologies Inc [UBER.UL]. Khosrowshahi, who led the travel-booking site for 12 years, will continue to be a board member, the comp...

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Delaware judge hands ex-Uber CEO a victory in lawsuit by Benchmark

GEORGETOWN, Del./SAN FRANCISCO (Reuters) - A Delaware judge on Wednesday stayed a lawsuit brought by Uber Technologies Inc [UBER.UL] investor Benchmark Capital against ousted Chief Executive Officer Travis Kalanick, handing the embattled executive a victory. The judge, from a courtroom in Georgetown...

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Ford looks at self-driving systems for commercial trucks: executive

DETROIT (Reuters) - Ford Motor Co (F.N) is considering deploying self-driving vehicle technology in larger commercial vehicles and is working with multiple partners to put its autonomous vehicles on the road, a senior Ford executive told Reuters on Tuesday. "We've been talking with different partner...

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Warren Buffett tells CNBC he has not sold a share of Apple

NEW YORK (Reuters) - Billionaire investor Warren Buffett told CNBC on Wednesday that he had not sold a share of Apple (AAPL.O) and was not concerned about Wells Fargo (WFC.N) as a long-term investment and that it was a "terrific" bank. Buffett, chairman and chief executive of conglomerate Berkshire ...

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Russia's Sistema plans no sale of MTS stake after row with Rosneft -Ifax

MOSCOW (Reuters) - Russian business conglomerate Sistema (SSAq.L) said on Wednesday it has no plans to sell shares in mobile operator MTS (MBT.N), the Interfax news agency reported. Sistema is considering various options of raising funds, including borrowing from banks, Interfax quoted Mikhail Shamo...

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Amazon's Alexa to chat up Microsoft's Cortana

(Reuters) - Amazon.com Inc (AMZN.O) and Microsoft Corp (MSFT.O) have forged a partnership that will allow their voice-controlled virtual assistants to talk to each other later this year. Users of Amazon's Alexa will be able to ask Microsoft's Cortana to do a range of activities — from booking ...

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