Google's app network quietly becomes huge growth engine

SAN FRANCISCO (Reuters) - Google makes ads show up in more smartphone apps than any other technology company. That is the core of a resurgent business for parent Alphabet Inc. Google’s ad network unit has posted three straight quarters of year-over-year double-digit sales increases. The busine...

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China's ZTE says is trusted partner after U.S. concern

BEIJING (Reuters) - Chinese telecoms equipment group ZTE Corp hit back on Thursday against concerns from U.S. lawmakers that it is a vehicle for Chinese espionage, saying it was a trusted partner of its U.S. customers, state news agency Xinhua reported. China is trying to gain access to sensitive U....

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Amazon says to create 2,000 jobs in France in 2018

PARIS (Reuters) - U.S. online retail giant Amazon said on Thursday it will create 2,000 permanent contract positions this year in France, its largest market in Europe after Britain and Germany. The increase will bring Amazon’s total number of permanent French staff to 7,500 in 2018 and reflect...

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Qualcomm meets Broadcom to discuss $121 billion acquisition offer

(Reuters) - Qualcomm Inc said on Wednesday it met with Broadcom Ltd earlier in the day to discuss the latter’s revised $121 billion bid, the first time the chipmakers have discussed what would be the technology sector’s largest ever acquisition. The outcome of the meeting will determine ...

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Cisco tops estimates as turnaround takes center stage

(Reuters) - Cisco Systems Inc reported its first rise in quarterly revenue in more than two years and forecast upbeat current-quarter profit, as the network gear maker’s years-long efforts to transform into a software-focused company begins to pay off. Shares of the Dow component, which also b...

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IBM lawsuit casts diversity in starkly competitive terms

(Reuters) - International Business Machines Corp’s insistence in a new lawsuit that its efforts to recruit and maintain a diverse workforce are trade secrets bucks a trend towards transparency and highlights how companies can see the issue in competitive terms, business and legal experts said....

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Qualcomm, Broadcom hold talks over revised $121 billion bid

(Reuters) - Qualcomm Inc said on Wednesday its top executives met with Broadcom Ltd to discuss the latter’s revised $121 billion bid, the first time the chipmakers have discussed a potential deal. “We met with representatives of Broadcom for two hours earlier today,” Qualcomm said,...

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Cisco beats estimates, boosts buyback program by $25 billion

(Reuters) - Cisco Systems Inc reported its first rise in quarterly revenue in more than two years, which also topped analysts’ estimates, as the network gear maker’s years-long efforts to transition to a software-focused company begins to take hold. Shares of the Dow component rose 5.3 p...

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SpaceX gets U.S. regulator to back satellite internet plan

WASHINGTON (Reuters) - Elon Musk’s SpaceX, fresh off the successful launch this month of the world’s most powerful rocket, won an endorsement on Wednesday from the top U.S. communications regulator to build a broadband network using satellites. Federal Communications Commission Chairman ...

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FCC chief proposes approving SpaceX's application for broadband services

WASHINGTON (Reuters) - Elon Musk’s SpaceX, fresh off the successful launch this month of the world’s most powerful rocket, won an endorsement on Wednesday from the top U.S. communications regulator to build a broadband network using satellites. Federal Communications Commission Chairman ...

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CFTC Commissioner urges crypto companies to self-regulate

WASHINGTON (Reuters) - A top official for a U.S. financial regulator is urging players in the burgeoning cryptocurrency sector to boost their self-policing. Brian Quintenz, a Republican commissioner with the Commodity Futures Trading Commission, said the industry should consider adopting self-regula...

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Google raises price of YouTube TV, adds sports, Turner

(Reuters) - Alphabet Inc’s (GOOGL.O) Google is raising the price of its YouTube TV online service for new customers as it adds channels from Time Warner Inc’s (TWX.N) Turner, National Basketball League and Major League Baseball, the company said Wednesday. Less than one year after launch...

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Apple in talks for first order from Chinese chipmaker: Nikkei

(Reuters) - Apple Inc is in talks to buy storage chips from Yangtze Memory Technologies, a move that would mark the iPhone maker’s first buy from a Chinese memory chipmaker, the Nikkei reported on Wednesday. Apple will use these chips in new iPhone models and other products for sale in the Chi...

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Rise of the data protection officer, the hottest tech ticket in town

SAN FRANCISCO (Reuters) - They may not have the cachet of entrepreneurs, or geek chic of developers, but data protection officers are suddenly the hottest properties in technology. When Jen Brown got her first certification for information privacy in 2006, few companies were looking for people quali...

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Israeli tech firm undercuts facial recognition to bolster privacy

TEL AVIV (Reuters) - Big brother is watching. But in the future he may no longer be so all-knowing. Riding the wave of a global push to comply with new privacy standards, a small Israeli company believes it can help you, and your face, stay anonymous in a hyper-connected world. The startup, called D...

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Toshiba names ex-banker as CEO, seen tackling opposition to chip unit sale

TOKYO (Reuters) - Toshiba Corp appointed a former banker experienced in dealing with distressed companies as CEO, and forecast its first annual profit in four years, helped by a buoyant chip business that it has agreed to sell. Incoming CEO Nobuaki Kurumatani, 60, will be tasked with ensuring the sm...

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Mi mi mi: super fans of China's Xiaomi stoke IPO ambitions

BEIJING/SHANGHAI (Reuters) - Wang Bin, 29, is a serious “mi fan”, one of the ardent followers of Xiaomi Technology Co Ltd, the maker of smartphones and other electronic products that looks headed for a big initial public offering, perhaps as early as this year. Wang’s house is a Xi...

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Walmart goes to the cloud to close gap with Amazon

SAN BRUNO/SUNNYVALE, Calif. (Reuters) - One of Walmart Inc’s best chances at taking on Amazon.com Inc in e-commerce lies with six giant server farms, each larger than ten football fields. These facilities, which cost Walmart millions of dollars and took nearly five years to build, are starting...

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Toshiba appoints ex-banker as CEO, forecasts first profit in four years

TOKYO (Reuters) - Toshiba Corp appointed a former banker from a key creditor bank as CEO and forecast its first annual profit in four years, making progress in its efforts to recover from billions of dollars in losses at its U.S. nuclear unit Westinghouse. Nobuaki Kurumatani, a former executive of S...

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Sam's Club consolidates membership structure, offers free shipping

(Reuters) - Warehouse chain Sam’s Club, a unit of Walmart Inc, said on Wednesday it will consolidate its membership structure for customers and improve its e-commerce offerings by adding free shipping and opening more e-commerce warehouses this year. The company last month shut 63 stores, or a...

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Toshiba says to appoint ex-banker as next CEO

TOKYO (Reuters) - Japan’s Toshiba Corp said on Wednesday it is appointing Nobuaki Kurumatani, a former executive of Sumitomo Mitsui Financial Group, as its chairman and chief executive. Incumbent CEO, Satoshi Tsunakawa, will become chief operating officer and retain his role as president, the ...

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Uber's fourth-quarter loss narrows to $1.1 billion: source

(Reuters) - Uber Technologies Inc [UBER.UL] narrowed its fourth-quarter loss to $1.1 billion from a loss of $1.46 billion in the previous quarter, a person familiar with the matter told Reuters. The ride-hailing company’s quarterly revenue rose 11.8 percent to $2.2 billion from its previous qu...

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Airbnb's 'Experiences' business on track for 1 million bookings, profitability

SAN FRANCISCO (Reuters) - Airbnb Inc’s year-old tours and activities business is booking tens of thousands of travelers every month and is likely to be profitable late next year, the company said on Tuesday, highlighting success in its efforts to grow beyond renting rooms and homes. More than ...

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Shareholder Deason sues Xerox in U.S. to block Fujifilm deal

(Reuters) - Xerox Corp (XRX.N) shareholder Darwin Deason asked a court on Tuesday to block the company’s merger with Japan’s Fujifilm Holdings Corp (4901.T), claiming the U.S. photocopier maker’s board failed shareholders by approving a deal that undervalues the company. The lawsui...

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China's Baidu posts 29 percent rise in revenue

(Reuters) - China’s Baidu Inc reported a 29.3 percent jump in quarterly revenue on Tuesday, helped by strong performance in its core search engine business. Net income attributable to Baidu rose to 4.16 billion yuan ($656.4 million) in the fourth quarter ended Dec. 31, from 4.13 billion yuan a...

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Twitter's CEO downplays chatter about possible acquisition

SAN FRANCISCO (Reuters) - Twitter Inc Chief Executive Jack Dorsey said on Tuesday that he saw value in the social media network remaining an independent company, downplaying recent speculation by analysts that it could be an acquisition target. “I’ve always thought that there’s a l...

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NY top court says 'private' Facebook photos can be disclosed

NEW YORK (Reuters) - New York state’s highest court ruled on Tuesday that Facebook users may be required to turn over photos and other information that are relevant to litigation, even if they are shielded by “privacy” settings. By a 7-0 vote, the Court of Appeals reinstated a tria...

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Apple CEO downplays special dividend at shareholder meeting

(Reuters) - Apple Inc Chief Executive Tim Cook downplayed a suggestion that the company might issue a special dividend to shareholders with some of the $285 billion in cash that the company is now able to bring back from overseas. At an annual shareholder meeting at Apple Park in Cupertino on Tuesda...

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Apple shareholders defeat two proposals at annual meeting

(Reuters) - Apple Inc Chief Executive Tim Cook downplayed a suggestion that the company might issue a special dividend to shareholders with some of the $285 billion in cash that the company is now able to bring back from overseas. At an annual shareholder meeting at Apple Park in Cupertino on Tuesda...

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Deason sues Xerox to block deal with Fujifilm

(Reuters) - Xerox Corp (XRX.N) shareholder Darwin Deason asked courts on Tuesday to block the company’s merger with Japan’s Fujifilm Holdings (4901.T), claiming board members at the U.S. photocopier maker had failed in their duty to shareholders. Deason and fellow shareholder Carl Icahn ...

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