Facebook profit surges 71 percent as mobile ad sales soar

(Reuters) - Facebook Inc crushed quarterly profit and revenue estimates on Wednesday as the social media giant's push into video ads helped bolster its fast-growing mobile ad business. The company's shares were up 1.4 percent at $168 after the bell. Through Wednesday's close, the stock had climbed n...

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iRobot shares surge on strong sales of Roomba vacuum cleaners

SAN FRANCISCO (Reuters) - Shares in iRobot Corp jumped 23 percent to a record high on Wednesday after the Roomba robotic vacuum maker posted better-than-expected quarterly results and said it was buying its largest European distributor. The stock surged by $21.27 to $109.03 and was on track for its ...

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Foxconn to announce new U.S. manufacturing plant: source

(Reuters) - Electronics manufacturer Foxconn will announce plans to build a multi-billion dollar flat panel screen plant in Wisconsin at a White House event later on Wednesday, a source briefed on the matter said. A White House official said President Donald Trump is hosting an event at 5 p.m. EDT w...

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Facebook funds Harvard effort to fight election hacking, propaganda

LAS VEGAS (Reuters) - Facebook Inc (FB.O) will provide initial funding for a nonprofit organization that aims to help protect political parties, voting systems and information providers from hackers and propaganda attacks, the world's largest social network said on Wednesday. The initiative, dubbed ...

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Russian held over bitcoin laundering linked to BTC-e exchange: sources

MOSCOW (Reuters) - A Russian national arrested in Greece on Wednesday on suspicion of laundering criminal funds by switching them into bitcoins is a key person behind the BTC-e crypto-currency exchange, two sources close to the exchange told Reuters. BTC-e, one of the oldest trading platforms for di...

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Milan prosecutors launch investigation into UniCredit's cyber breach: sources

MILAN (Reuters) - Prosecutors in Milan have launched a probe into a data breach at UniCredit (CRDI.MI) affecting around 400,000 customers of the Italian bank, judicial sources said on Wednesday. Italy's postal police, which specialize in digital crimes, is conducting the investigation which does not...

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Cochlear unveils hearing implants that work directly with Apple's iPhone

(Reuters) - Cochlear Ltd said Wednesday it can now stream audio directly from Apple Inc's iPhone, iPad and iPod to the microchips in its hearing implants without having to use an additional device. Previously, Cochlear's sound processors worked with mobile phones, but implant wearers had to connect ...

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Greece arrests Russian suspected of running $4 billion bitcoin laundering ring

ATHENS (Reuters) - Greek police arrested a Russian man suspected of running a money laundering operation involving turning $4 billion from illicit business activities into the digital currency bitcoin, they said on Wednesday. Police did not name the 38-year-old, who was arrested in the northern Gree...

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Luxury firms' online battle boosted by EU court adviser's Coty view

LUXEMBOURG (Reuters) - An adviser to Europe's top court said on Wednesday that U.S. beauty products maker Coty's German unit can block retailers from selling their products via marketplaces such as Amazon or eBay. The dispute between Coty and German retailer Parfuemerie Akzente, which sells Coty's g...

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Italy's Unicredit reveals attacks on client data

MILAN (Reuters) - Italy's biggest lender UniCredit has suffered attacks on client data, with around 400,000 of its Italian customers affected by unauthorized accesses of data, potentially including personal and bank account details, it said on Wednesday. No passwords were stolen in the attacks, whic...

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Nintendo swings to first quarter operating profit, beats estimates

TOKYO (Reuters) - Japan's Nintendo Co Ltd said on Wednesday it returned to profit in its first quarter, beating analyst estimates, due to strong demand for its Switch console. Operating profit reached 16.21 billion yen ($144.95 million) for the three months through June, reversing a year-earlier los...

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U.S. treads water on cyber policy as destructive attacks mount

SAN FRANCISCO (Reuters) - The Trump administration's refusal to publicly accuse Russia and others in a wave of politically motivated hacking attacks is creating a policy vacuum that security experts fear will encourage more cyber warfare. In the past three months, hackers broke into official website...

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Twitter no longer at 'death's door' as earnings report approaches

SAN FRANCISCO (Reuters) - Twitter Inc heads toward its quarterly earnings report on Thursday with a stock that has risen more than 40 percent since April when much of Wall Street was ready to write off the tech company. The company's share price popped after its most recent earnings report in April,...

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Apple ordered to pay $506 million to university in patent dispute

(Reuters) - A U.S. judge on Monday ordered Apple Inc to pay $506 million for infringing on a patent owned by the University of Wisconsin-Madison's patent licensing arm, more than doubling the damages initially imposed on Apple by a jury. U.S. District Judge William Conley in Madison added $272 milli...

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Russia’s Kaspersky Lab launches free antivirus software globally

LAS VEGAS (Reuters) - Moscow-based Kaspersky Lab on Tuesday announced it was rolling out a free version of its antivirus software across the globe, a product launch that comes amid mounting suspicion in the United States that the cyber firm is vulnerable to Russian government influence. Kaspersky Fr...

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Wisconsin company offers employees microchip implants

(Reuters) - A Wisconsin vending machine company is offering its employees a chance to have a microchip implanted in their hands that they could use to buy snacks, log in to computers or use the copy machine. About 50 employees at Three Square Market have agreed to the optional implant of the chips, ...

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Texas Instruments' profit beats on automotive, industrial demand

(Reuters) - Texas Instruments Inc reported a better-than-expected quarterly profit as the company benefited from higher demand for its chips from automotive and industrial customers. Shares of the company, which first became popular for its calculators that it still manufactures, rose 2.8 percent to...

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Chipmaker AMD forecasts current-quarter revenue above estimates

(Reuters) - Advanced Micro Devices Inc (AMD.O) forecast current-quarter revenue above analysts' estimates and raised its full-year expectations, betting on robust demand for its graphics chips and its new Ryzen processors for PCs. The company's shares rose 8.2 percent to $15.27 in extended trading o...

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Options traders bullish on Facebook ahead of second-quarter results

NEW YORK (Reuters) - As Facebook Inc (FB.O) geared up to report second-quarter results on Wednesday, traders in the options market are exhibiting a greater degree of bullishness in more than a year, options data showed. The stock, which hit an all-time high of $166.17 on Monday, has climbed 43 perce...

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Google's Canada head exits, company seeking permanent replacement

TORONTO (Reuters) - Alphabet Inc (GOOGL.O) said on Tuesday that the head of its Google Canada operations, Sam Sebastian, has left the company. Sebastian had headed Canadian operations since 2014, overseeing the expansion of its engineering hub in Kitchener, Ontario, and helping build Google's artifi...

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