Verizon reports bigger-than-expected fall in quarterly revenue

(Reuters) - Verizon Communications Inc  reported a bigger-than-expected fall in quarterly revenue on Tuesday as the No. 1 U.S. wireless carrier took a charge related to a strike by its wireline workers and more customers opted for cheaper plans.

EU privacy watchdogs keep open mind on new U.S. data pact

BRUSSELS (Reuters) - European Union privacy watchdogs will let a new EU-U.S. commercial data pact underpinning billions of dollars of transatlantic trade run for at least a year without any legal challenge, they said on Tuesday.

India's Flipkart buys Rocket Internet-backed online fashion store for $70 million

MUMBAI (Reuters) - India's biggest e-commerce firm Flipkart is buying domestic online fashion retailer Jabong from Global Fashion Group for $70 million in cash, the latest consolidation move in the country's e-commerce sector as competition intensifies.

Porsche to create more than 1,400 jobs for electric car

STUTTGART, Germany (Reuters) - Porsche has raised the number of jobs it will create for the production of its first all-electric sports car to more than 1,400 from more than 1,000 previously, the manufacturer said on Tuesday.

Huawei's global smartphone shipments jump 25 percent in first half

Journalists attend the presentation of the Huawei's new smartphone in Paris, May 7, 2014. Reuters/Philippe Wojazer/File Photo China's Huawei Technologies Co Ltd [HWT.UL], the world's third-largest smartphone vendor, said first-half global smartphone shipments jumped 25 percent, helped by rapid growt...

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Daimler's MyTaxi to merge with Hailo to take on Uber: sources

An illustration picture shows the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi sign September 15, 2014. Reuters/Kai Pfaffenbach/Illustration/File Photo Daimler (DAIGn.DE) will deepen its European footprint in the ride-hailing business when its M...

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The identity crisis that led to Yahoo's demise

When senior Yahoo executives gathered at a San Jose hotel for a management retreat in the spring of 2006, there was no outward sign of a company in crisis. The internet pioneer, not yet a teenager, had just finished the prior year with $1.9 billion in profits on $5.3 billion in revenue. The tough da...

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Verizon sale leaves Yahoo investors betting on a stub

Yahoo Inc shareholders may be left betting on how quickly, if at all, the former web pioneer can cash in on its multi-billion dollar stakes in two Asian peers after Monday's deal to sell its core internet assets to Verizon Communications Inc. Most of Yahoo's $36.4 billion market value is derived fro...

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Amazon gets permission from UK to explore drone deliveries

Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. Reuters/Mike Segar/File Photo Amazon.com Inc said on Monday it has entered into a partnership with the British government to speed up the process for allowing small drones to makes deliveries. The...

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Illinois Republican lawmaker resigns, cites Facebook, Twitter hacks

A prominent Illinois Republican has resigned from the state legislature, citing multiple incidents of fake Facebook and Twitter accounts set up in his name in recent weeks. "After some cyber security issues arose, I began to re-evaluate my continued public service," Representative Ron Sandack, House...

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Zenefits fined $62,500 by Tennessee regulators in first settlement on licensing

Software startup Zenefits must pay the state of Tennessee $62,500 for violating insurance requirements, state officials said on Monday, marking the first settlement with regulators as the scandal-hit company seeks to redeem itself after revelations it had flouted the law. "Under the company's past l...

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Ericsson ousts CEO after poor results

STOCKHOLM (Reuters) - Swedish mobile telecoms gear maker Ericsson parted company with its chief executive Hans Vestberg on Monday, a move led by major shareholders after a series of disappointing results.

Judge bans Uber background check in NY lawsuit

The Uber logo is seen on a vehicle near Union Square in San Francisco, California, U.S. May 7, 2015. Reuters/Robert Galbraith/File Photo A federal judge on Monday banned Uber Technologies Inc and its Chief Executive Travis Kalanick from using information obtained in a background check of a plaintiff...

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Sprint's revenue beats estimates as it adds subscribers

The logo of U.S. mobile network operator Sprint Corp is seen at a Sprint store in San Marcos, California August 3, 2015. Reuters/Mike Blake Sprint Corp (S.N), the No.4 U.S. wireless carrier, reported slightly better-than expected revenue as heavy discounts helped it attract the most postpaid subscri...

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SoftBank's robot Pepper to be rolled out in Taiwan later this year

SoftBank Corp's (9984.T) human-like robot Pepper will be rolled out in Taiwan later this year with about 100 rented units making their appearance in some banks and Carrefour SA (CARR.PA) shops, executives handling Pepper's sales in the island said on Monday. Taiwan is set to become one of the first ...

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Thai students use social media to stoke opposition to draft charter

Thai student protesters will use social media tools, from Facebook to Japanese messaging app Line, to persuade voters to reject a military-backed draft constitution, some of the activists said on Monday. The students rank among the most vocal critics of Thailand's military government ahead of an Aug...

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Facebook, Twitter co-operated with Brazil probe of alleged militants

3D-printed Facebook and Twitter logos are seen in this picture illustration made in Zenica, Bosnia and Herzegovina on January 26, 2016. Reuters/Dado Ruvic The judge overseeing the probe that led to the arrest last week of suspected Islamist militants in Brazil said Facebook Inc. and Twitter Inc. co-...

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China's Huawei says first-half sales revenue rose 40 percent year-on-year

Journalists attend the presentation of the Huawei's new smartphone in Paris, May 7, 2014. Reuters/Philippe Wojazer/File Photo Huawei Technologies Co Ltd [HWT.UL], one of the world's largest telecoms equipment makers, on Monday posted a 40 percent rise in first-half sales revenue and said it would "m...

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Nintendo shares plunge, company says Pokemon GO's earnings impact limited

Shares of Nintendo Co (7974.T) tumbled as much as 18 percent early on Monday after the company said smash-hit mobile game Pokemon GO would have only a limited impact on its earnings. Nintendo said after the market closed on Friday that it had already factored in anticipated revenues from its Pokemon...

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Pokemon Go gets big Comic-Con stage, creator talks success and future

Niantic, game developer of Nintendo's smash hit Pokemon GO, Chief Executive John Hanke speaks during an interview with Reuters in Tokyo, Japan July 15, 2016. Reuters/Toru Hanai The creator of the wildly popular Pokemon Go gaming app received the celebrity treatment on Sunday at the final day of San ...

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Verizon to announce $5 billion deal to buy Yahoo Monday: source

A Yahoo logo is pictured in front of a building in Rolle, 30 km (19 miles) east of Geneva, December 12, 2012. Reuters/Denis Balibouse/File photo Verizon Communications Inc (VZ.N) will announce an agreement on Monday to buy Yahoo Inc (YHOO.O) for about $5 billion, according to a person familiar with ...

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Apple weathers anti-U.S. demo in China, where patriotic protests snowball

A 3D printed Apple logo is seen in front of a displayed stock graph in this illustration taken April 28, 2016. Reuters/Dado Ruvic/Illustration/File Photo Apple Inc (AAPL.O) found itself on the receiving end of a small, short-lived anti-U.S. protest this week in China, the tech firm's biggest oversea...

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Pokemon GO blamed for illegal border crossing from Canada to U.S.

A virtual map of Bryant Park is displayed on the screen as a man plays the augmented reality mobile game ''Pokemon Go'' by Nintendo in New York City, U.S. July 11, 2016. Reuters/Mark Kauzlarich/File Photo Two youths unaware of their surroundings when they were playing Pokemon GO on their cell phones...

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U.S. asks phone companies to provide 'robocall' blocking technology

Federal Communications Commission (FCC) Chairman Tom Wheeler speaks at the FCC Net Neutrality hearing in Washington DC, U.S. February 26, 2015. Reuters/Yuri Gripas/File Photo The chairman of the Federal Communications Commission on Friday pressed major U.S. phone companies to take immediate steps to...

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Verizon nearing deal to acquire Yahoo's core business: Bloomberg

Verizon Communications Inc (VZ.N) is the lead bidder to acquire Yahoo Inc's (YHOO.O) core business, Bloomberg reported on Friday. An announcement may come in the next few days, Bloomberg said. Verizon and Yahoo were not immediately available to comment. (Reporting by Anya George Tharakan in Bengalur...

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Sweden's Kinnevik says Zalando can withstand Amazon threat

A Zalando label lies on an item of clothing in a showroom of the fashion retailer Zalando in Berlin October 14, 2014. Reuters/Hannibal Hanschke/File Photo Swedish investment firm Kinnevik, which backs Europe's biggest pure online fashion firm Zalando, is confident the retailer can withstand competit...

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China seeks top-10 automation ranking by 2020: robot industry group

Robots covered in plastic sheets are seen at a plant of Kuka Robotics in Shanghai, China August 13, 2014. Reuters/Pete Sweeney/File Photo China is aiming for a top-10 ranking in automation for its industries by 2020 by putting more robots in its factories, the International Federation of Robotics (I...

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Apple to open first Apple Store in Taiwan

A man talks on his telephone as customers walk through an Apple store in Grand Central Terminal in New York, March 15, 2013. Reuters/Lucas Jackson Apple Inc is planning to open its first Apple Store in Taiwan, a move that comes after the U.S. technology giant raised $1.38 billion in a bond offering ...

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Ride-hailing service Grab partners Indonesia's Lippo for mobile payments

Southeast Asian ride-hailing service Grab said on Friday it is teaming up with Indonesian conglomerate Lippo Group to implement a payments platform. This will be Grab's first step to providing a mobile payments solution more widely across Southeast Asia and will extend its reach beyond transport, Gr...

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Peter Thiel tells Republican convention he is 'proud to be gay'

Silicon Valley investor Peter Thiel, the only big-name supporter of Donald Trump from the country's technology hub, spoke on Thursday at the Republican National Convention to urge the country to discard petty cultural battles and turn its attention to solving the United States' economic decline. Thi...

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