Trump taking 'serious look' at policy options on Amazon

Aboard Air Force One (Reuters) - U.S. President Donald Trump said on Thursday he would take a serious look at policies to address what he says are the unfair business advantages of online retailer Amazon.com Inc

California pension system presses Facebook on data protection

BOSTON (Reuters) - The California State Teachers' Retirement System will ask Facebook Inc about the controls the social media company has in place to protect user data, the system said in a statement on Thursday.

Trump says taking a serious look at policy options on Amazon

ABOARD AIR FORCE ONE (Reuters) - U.S. President Donald Trump said on Thursday he would take a very serious look at policies that might affect online retailer Amazon.com Inc.

Facebook fined $33 million for failing to aid Brazil graft probe

BRASILIA (Reuters) - A Brazilian judge has ordered that Facebook Inc pay 111.7 million reais ($33.4 million) for failing to cooperate with a corruption investigation in the state of Amazonas, federal prosecutors said on Thursday.

U.S. congressional panels probe whether Russia got Facebook data: sources

WASHINGTON (Reuters) - Investigators on two congressional panels are looking into whether Russia acquired the data of millions of Facebook users and if companies with ties to then-2016 Republican election candidate Donald Trump's campaign played any role in providing it, three sources familiar with ...

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Instacart valued at $4.35 billion after latest funding round

(Reuters) - Grocery delivery startup Instacart said on Thursday it had closed its series E financing round of $350 million, bringing the company's valuation to $4.35 billion.

IBM joins group building a blockchain-based global identity network

NEW YORK (Reuters) - International Business Machines Corp has joined a private, non-profit organization called Sovrin Foundation that is seeking to build a global decentralized identity system based on blockchain technology.

U.S. tax liabilities for crypto currencies in 2017 seen at $25 billion, to pressure bitcoin: Fundstrat

NEW YORK (Reuters) - Soaring crypto-currency prices last year are estimated to result in U.S. tax liabilities of $25 billion, adding further selling pressure to these assets in the short term, according to a research note by Fundstrat Global Advisers on Thursday.

Too early to say whether Facebook has done enough on data: UK watchdog

LONDON (Reuters) - Facebook is co-operating with Britain's Information Commissioner's Office (ICO) as it examines how 30 organizations have used personal data, but the ICO said on Thursday it was too early to say whether the social media giant had done enough.

SNB's Maechler says cryptocurrencies won't rival conventional currency

ZURICH (Reuters) - Cryptocurrencies are not true competitors to conventional currencies despite soaring interest in products like bitcoin, Swiss National Bank Governing Board member Andrea Maechler said on Thursday.

Secret Service Warns of Chip Card Scheme

The U.S. Secret Service is warning financial institutions about a new scam involving the temporary theft of chip-based debit cards issued to large corporations. In this scheme, the fraudsters intercept new debit cards in the mail and replace the chips on the cards with chips from old cards. When the...

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Vivendi does not see CDP's entry in Telecom Italia as hostile: source

MILAN (Reuters) - Telecom Italia's (TIM) top shareholder Vivendi does not see a potential entry by Italian state lender CDP into the Italian phone company as a hostile move, a source close to the matter said on Thursday.

Facebook shares rise as Zuckerberg soothes investors

(Reuters) - Shares of Facebook Inc headed toward their biggest daily rise in a month at opening on Thursday, after Chief Executive Mark Zuckerberg said the social network had not seen any meaningful impact on usage or ad sales in the wake of the data privacy scandal.

Man City find their perfect match with Tinder deal

(Reuters) - Premier League leaders Manchester City have swiped right on a unique deal with dating app Tinder, both organizations said on Thursday.

Kremlin calls Facebook's removal of Russian media accounts censorship

MOSCOW (Reuters) - The Kremlin on Thursday said Facebook's removal of accounts controlled by various Russian media was a hostile move that smacked of censorship.

India's MakeMyTrip partners Flipkart for travel bookings

NEW DELHI (Reuters) - Indian online travel portal MakeMyTrip Ltd has formed a partnership with Flipkart to allow customers to book domestic flight tickets and other travel services directly through the e-commerce firm's portal.

Telefonica comes out on top in 1.4 billion pound UK spectrum auction

LONDON (Reuters) - Telefonica's O2 won the biggest chunk of new British mobile airwaves in an auction that raised 1.36 billion pounds ($1.9 billion) for the government, regulator Ofcom said.

Uber to suspend service in Greece after new legislation

ATHENS (Reuters) - Ride-hailing service Uber said on Thursday it would suspend its licensed service in Greece after the approval of local legislation which imposes stricter regulation on the sector.

Telefonica comes out on top in British mobile airwaves auction

LONDON (Reuters) - Telefonica's O2 won the biggest chunk of new British mobile airwaves in an auction that raised 1.36 billion pounds($1.9 billion) for the government, regulator Ofcom said.

Italian state lender to buy stake in Telecom Italia: sources

MILAN (Reuters) - Italian state lender CDP is set to buy a stake of up to 5 percent in Telecom Italia, three sources close to the matter said on Thursday, in a move intended to protect the country's interest in the company.