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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Adobe to pull plug on Flash, ending an era

SAN FRANCISCO (Reuters) - Adobe Systems Inc's Flash, a once-ubiquitous technology used to power most of the media content found online, will be retired at the end of 2020, the software company announced Tuesday. Adobe, along with partners Apple Inc, Microsoft Corp, Alphabet Inc's Google, Facebook In...

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Tesla Model S regains top safety rating after software update: Consumer Reports

(Reuters) - Tesla Inc's Model S sedan regained Consumer Reports' top safety rating, the magazine said on Tuesday, after the automaker updated the emergency braking system on the vehicle. Tesla provided an over-the-air update in July to its software on the Model S to include automatic emergency braki...

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House panel wants Google, Facebook, AT&T CEOs to testify on internet rules

WASHINGTON (Reuters) - The chairman of the U.S. House Energy and Commerce Committee on Tuesday asked the chief executives of Alphabet Inc, Facebook Inc, Amazon.com Inc, AT&T Inc, Verizon Communications Inc and other companies to testify at a Sept. 7 hearing on the future of net neutrality rules....

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ABC News to target millennials with social video partnership

(Reuters) - Walt Disney Co's (DIS.N) ABC News on Tuesday launched a partnership with millennial-focused video news site ATTN: to co-produce videos for social media including Facebook Inc's (FB.O) Instagram and for Twitter Inc (TWTR.N). The two will use ABC's footage and equipment to produce stories ...

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Investors unhappy as Alphabet shells out more to drive traffic

(Reuters) - There are very few things that make Alphabet Inc's (GOOGL.O) investors unhappy. A rising TAC - the cost of driving traffic to its site - is one of them. Google-parent Alphabet, which has enjoyed revenue growth rate of over 20 percent for the past five quarters, said on Monday that TAC, o...

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Nielsen to track Hulu Live TV, YouTube TV viewing in U.S. ratings

(Reuters) - Nielsen Holdings Plc (NLSN.N) will begin including Hulu Live TV and Google's YouTube TV viewing in its TV ratings in the United States in an effort to capture the shift from traditional broadcast to watching shows on laptops or smartphones, the company said on Tuesday. All programming on...

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Say cheese! New Singapore air terminal automates departures with face recognition

SINGAPORE (Reuters) - When a new terminal opens in 2017 at Singapore's Changi Airport, the world's best for five years straight according to a survey, passengers will be able to, in theory, go through check-in to boarding without speaking to another person. Automation is important for the city-state...

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Uber ties up with AXA for workers' accident cover in France

PARIS (Reuters) - Uber and insurance group AXA (AXAF.PA) on Tuesday announced a partnership to offer accident cover for drivers who work for the ride hailing service in France. In France, as in other countries, Uber has come in for criticism from lawmakers, workers' rights activists and traditional ...

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LG Display to invest $7 billion in OLED production, second-quarter profit jumps

SEOUL (Reuters) - South Korea's LG Display Co Ltd (034220.KS) said on Tuesday it will invest 7.8 trillion won ($7 billion) in production facilities to make both large and small organic light-emitting diode (OLED) panels. LG Display said in a separate filing it will also increase capacity for large O...

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Toyota set to sell long-range, fast-charging electric cars in 2022: paper

TOKYO (Reuters) - Toyota Motor Corp is working on an electric car powered by a new type of battery that significantly increases driving range and reduces charging time, aiming to begin sales in 2022, the Chunichi Shimbun daily reported on Tuesday. Toyota's new electric car, to be built on an all-new...

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Qualcomm accuses tech group of 'misdirecting' trade regulators

(Reuters) - Qualcomm Inc fired back in its case against Apple Inc on Monday, accusing its critics of waging a "coordinated effort aimed at misdirecting" trade regulators. Earlier this month, Qualcomm filed a complaint with the U.S. International Trade Commission seeking to ban iPhones that use chips...

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Alphabet profit slumps on record $2.7 billion EU fine

(Reuters) - Alphabet Inc (GOOGL.O) reported a 27.7 percent drop in quarterly profit as the company recorded a previously announced charge related to a record $2.7 billion fine imposed on its Google unit by the EU. The company's net income fell to $3.52 billion, or $5.01 per Class A and B share and C...

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EU increases pressure on Facebook, Google and Twitter over user terms

BRUSSELS (Reuters) - European Union authorities have increased pressure on Facebook, Google and Twitter to amend their user terms to bring them in line with EU law after proposals submitted by the tech giants were considered insufficient. The European Commission and consumer protection authorities i...

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Alphabet appoints Google CEO Pichai to board

(Reuters) - Alphabet Inc said it appointed chief executive of its Google unit, Sundar Pichai, to its board. The company's board also includes founders Larry Page and Sergey Brin. Alphabet is set to report second quarter earnings on Monday after markets close. [bit.ly/2tU9lwf] Alphabet shares were sl...

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