Uber takes action to fix unsafe cars rented to Singapore drivers

SINGAPORE (Reuters) - Uber Technologies Inc said on Friday it has taken action to fix defective cars that it had rented to drivers in Singapore and was coordinating with regulators in the city state to resolve any concerns. The Wall Street Journal earlier quoted internal Uber emails and documents sh...

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Boeing wins $409 million contract to develop next-generation technologies: Pentagon

WASHINGTON (Reuters) - Boeing Co (BA.N) has been awarded a $409 million Air Force contract for next-generation thermal, power and controls, part of a government and industry joint effort to develop revolutionary and innovative technologies, the Pentagon said on Thursday. Reporting by David Alexander...

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Yelp to sell Eat24 for $287.5 million, authorizes share repurchase

SAN FRANCISCO (Reuters) - Yelp Inc (YELP.N) said on Thursday it would sell its Eat24 business to Grubhub (GRUB.N) for $287.5 million in cash, as it posted revenue that beat expectations, news that sent Yelp's shares up 19 percent. The consumer review website operator also said its board had authoriz...

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GoPro's loss much smaller than estimates, shares surge 12 percent

(Reuters) - GoPro Inc (GPRO.O) reported a much smaller-than-expected quarterly loss, as it sold more flagship cameras internationally while the company reined in costs as part of its goal to return to profitability in 2017. The company's shares jumped 12 percent to $9.28 in after-market trading. GoP...

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Activision Blizzard's FY forecasts get a lift from 'Overwatch'

(Reuters) - Activision Blizzard Inc raised its full-year adjusted revenue and profit forecasts for the second time on Thursday, as the videogame publisher benefits from higher digital sales and the popularity of its multi-player futuristic game "Overwatch". The company raised its full-year adjusted ...

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Cyber researcher arrested on charges related to Kronos malware: filing

SAN FRANCISCO (Reuters) - A British-based computer researcher has been arrested by U.S. authorities on charges that he conspired to advertise and sell Kronos banking malware, a court filing unsealed on Thursday showed. Marcus Hutchins was detained in Las Vegas this week after attending the annual De...

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FBI arrested cyber expert who ended WannaCry attack: U.S. Marshall Service

SAN FRANCISCO (Reuters) - A cyber security researcher widely credited with helping to neutralize the global "WannaCry" ransomware attack earlier this year has been arrested by the Federal Bureau of Investigation, the U.S. Marshals Service said on Thursday.

Italy economy minister sees gains from Telecom Italia network spin off

ROME (Reuters) - Italian Economy Minister Pier Carlo Padoan said on Thursday there would be clear advantages to spinning off Telecom Italia's fixed-line network.

New cyber firm BlueteamGlobal opens with $125 million in funding

(Reuters) - BlueteamGlobal, a new firm founded by executives with ties to Morgan Stanley , said on Thursday that it has raised more than $125 million and plans to offer managed security services and cyber threat intelligence.

Deutsche Telekom says any U.S. merger has to create real value

FRANKFURT (Reuters) - Any merger that Deutsche Telekom may enter into in the United States must deliver real value in terms of synergies, its finance chief said when asked why it was proving so difficult to strike a deal with Sprint or another party.

Tesla shares rise as investors bet on Model 3 success

(Reuters) - Tesla Inc's (TSLA.O) shares rose 6 percent on Thursday as investors continued to bet on CEO Elon Musk's ability to successfully take the company out of "manufacturing hell" as it ramps up production of its mass-market Model 3 sedans. Gains in the high-flying stock, which has already rise...

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Kering drops suit against Alibaba, to co-operate on counterfeits

PARIS (Reuters) - French luxury goods group Kering (PRTP.PA) has dropped a lawsuit filed in New York against Alibaba (BABA.N) and Alipay and agreed instead to co-operate with the two companies to safeguard intellectual property rights and fight counterfeiting. Chinese e-commerce company Alibaba has ...

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Facebook to step up fact-checking in fight against fake news

BERLIN (Reuters) - Facebook (FB.O) is to send more potential hoax articles to third-party fact checkers and show their findings below the original post, the world's largest online social network said on Thursday as it tries to fight so-called fake news. The company said in a statement on its website...

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Cognizant profit jumps 86.5 percent on lower income tax

(Reuters) - IT services provider Cognizant Technology Solutions Corp reported an 86.5 percent jump in quarterly profit, benefiting from lower income tax compared with the year-ago period. The company's net income rose to $470 million, or 80 cents per share, from $252 million, or 41 cents per share, ...

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Amazon’s Hollywood spending soars, returns unclear

SAN FRANCISCO (Reuters) - Amazon.com Inc (AMZN.O) is quickly ramping up the billions of dollars a year it spends on creating and licensing TV shows and films, signaling the retailer plans to be in show business for the long haul. The issue came to the forefront of investors' attention last week, whe...

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China's Meituan-Dianping aims to raise up to $5 billion from Tencent, others: source

HONG KONG (Reuters) - Chinese internet firm Meituan-Dianping, backed by Tencent Holdings Group Ltd (0700.HK), is in talks with prospective investors to raise $3 billion to $5 billion, said one person with direct knowledge of the matter. The financing round, for which Meituan is in talks with several...

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Toshiba to invest in chip line without JV partner Western Digital

TOKYO (Reuters) - Toshiba Corp said on Thursday it would go ahead with the capital investment to build a memory chip production line without joint venture partner Western Digital Corp. The Japanese company said it has increased the initial amount of capital investment in the Fab 6 production line to...

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Amazon picks its first Australian warehouse, a step towards launching

SYDNEY (Reuters) - U.S. retail giant Amazon.com unveiled the location of its first warehouse in Australia on Thursday, picking an industrial area outside Melbourne in a major step towards launching operations in the world's 12th-largest economy. Australians can already buy Amazon products from offsh...

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HBO conducts forensic review to understand scope of hack

(Reuters) - HBO's chief said on Wednesday that the company is conducting a forensic review of its computer systems to better understand the scope of a cyber attack that surfaced over the weekend. Entertainment Weekly reported on Monday that hackers stole 1.5 terabytes of data and leaked online a scr...

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Tableau Software shares rise on strong subscription sales

(Reuters) - Tableau Software Inc (DATA.N) reported better-than-expected results for the second quarter on Wednesday, sending its shares up as much as 6 percent after the bell. The Seattle-based big data software company reported diluted non-GAAP earnings of 10 cents per share for the quarter ended J...

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Square revenue beats estimates on higher transactions

(Reuters) - Square Inc (SQ.N), the payments company co-founded by Twitter Inc (TWTR.N) Chief Executive Jack Dorsey, reported a smaller quarterly loss on Wednesday, as customers processed more transactions through its technology. Square said net loss narrowed to $15.96 million, or 4 cents per share, ...

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New website aims to track Russian-backed propaganda on Twitter

SAN FRANCISCO (Reuters) - A website launched on Wednesday seeks to track Russian-supported propaganda and disinformation on Twitter, part of a growing non-governmental effort to diminish Moscow's ability to meddle in future elections in the United States and Europe. The "Hamilton 68" dashboard (here...

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Tesla's quarterly revenue beats estimates

(Reuters) - Electric-car maker Tesla Inc (TSLA.O) reported better-than-expected quarterly revenue and backed its delivery guidance for the second half of the year. Shares of the company, which said it was averaging over 1,800 net reservations per day for its mass-market Model 3 since the handover of...

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'Grand Theft Auto' maker Take-Two raises revenue forecast

(Reuters) - Videogame publisher Take-Two Interactive Software Inc (TTWO.O) raised its full-year adjusted revenue forecast above analysts' estimates on Wednesday, driven by the continued success of its popular "Grand Theft Auto" game. The company now expects adjusted revenue at between $1.65 billion ...

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Zynga forecasts current-quarter bookings below estimates

(Reuters) - Zynga Inc, the creator of online game FarmVille, forecast current-quarter bookings below analysts' estimates on Wednesday, citing lower advertising sales and weak demand for the company's older games. The company forecast bookings of $205 million for the third quarter ending September, b...

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Symantec to sell Web certificates business to Thoma Bravo: sources

(Reuters) - Cyber security company Symantec Corp (SYMC.O) has agreed to sell its business that helps verify the identity of websites to buyout firm Thoma Bravo LLC, people familiar with the matter said on Wednesday, a move that extricates it from a feud with Alphabet Inc's Google (GOOGL.O). Thoma Br...

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Brazil's Bradesco web, branch services hit by intermittent glitch

SAO PAULO (Reuters) - Some Banco Bradesco SA customers struggled to access online and branch services on Wednesday, after Brazil's third largest listed lender was hit by an intermittent glitch that slowed transaction systems. A spokeswoman at Osasco, Brazil-based Bradesco (BBDC4.SA) said in a teleph...

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Cyber 'worm' attack hits global corporate earnings

TORONTO (Reuters) - Costly cyber attacks are having a bigger impact on corporate earnings and are becoming a fact of life for companies as Oreo cookie maker Mondelez, drug maker Merck and others said that a destructive "worm" attack in the last week of the second quarter disrupted operations. Mondel...

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Snap short sellers take winnings off table as stock sinks

SAN FRANCISCO (Reuters) - Shares of Snap Inc (SNAP.N) slumped to new lows on Wednesday while short sellers closed out their bets following paper profits of half a billion dollars since the Snapchat owner's market debut in March. Sky-high costs to borrow Snap shares are leading many short sellers to ...

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Hong Kong traders feel pinch as Apple's China charm fades

HONG KONG (Reuters) - In an empty mall that once bustled with trade in high-end smartphones, a Hong Kong shopkeeper sits surrounded by boxes of Apple Inc (AAPL.O) headphones, grumbling that business is grim - a domino effect of lackluster demand from mainland China. In recent years, hundreds of thou...

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