Kalanick returns to court in Waymo-Uber autonomous car secrets trial

SAN FRANCISCO (Reuters) - Former Uber Chief Executive Officer Travis Kalanick is expected to testify at trial for a second day on Wednesday, responding to rival Waymo’s allegations that Uber expressly hired a star Waymo engineer to gain self-driving car technology trade secrets. The normally c...

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Goldman in talks with Apple to finance iPhone sales: WSJ

(Reuters) - Goldman Sachs (GS.N) is in talks to offer financing to shoppers buying Apple (AAPL.O) products including iPhones, the Wall Street Journal reported on Wednesday. Buyers of a $1,000 iPhone X could take out a loan from Goldman instead of charging it to credit cards that often carry high int...

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Swisscom tightens security after sales partner breached

ZURICH (Reuters) - Data on around 800,000 Swisscom customers leaked when security at an external sales partner was breached, prompting the Swiss group to tighten access to its files, it said on Wednesday. The breach late last year affected “non-sensitive” data such as customers’ na...

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Chinese regulator raps internet firms over vulgar content

BEIJING/SHANGHAI (Reuters) - A Chinese content regulator has rapped major tech companies, including Alibaba Holding Ltd, Tencent Holdings Ltd and Baidu Inc, for not doing enough to root out “harmful information” published on their platforms. The anti-pornography office of China’s p...

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Esports get a cool reception at winter Games

GANGNEUNG, South Korea (Reuters) - Esports have descended on the Olympics, bringing professional gamers to South Korea’s first winter Games, but some athletes warming up for real action on nearby slopes are not impressed. Intel Corp, an Olympics sponsor, wrapped up its esports tournament a few...

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China's Didi sets up electric car-sharing platform

BEIJING/SHANGHAI (Reuters) - Chinese ride-hailing giant Didi Chuxing is setting up an electric car sharing service with 12 automakers, including BYD Co Ltd, local partners of Ford Motor Co and the Renault-Nissan-Mitsubishi alliance. Didi, which bought out Uber’s China business in 2016, said in...

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Japan's SoftBank aims to list domestic telecoms unit this year

TOKYO (Reuters) - SoftBank Group Corp said on Wednesday that it wants to list its Japanese telecoms unit this year as CEO Masayoshi Son moves to complete the transformation of the company he founded from domestic telecoms upstart into one of the world’s biggest technology investors. SoftBank h...

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SoftBank prepares for telecoms IPO, CEO aims for this year

TOKYO (Reuters) - SoftBank Group Corp said on Wednesday that it wants to list its Japanese telecoms unit this year, a move towards completing its transformation from a domestic telecoms upstart into one of the world’s biggest technology investors. SoftBank said it started preparations to list ...

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Renault-Nissan alliance, Didi Chuxing to explore China electric car-sharing tie-up

BEIJING (Reuters) - The Renault-Nissan-Mitsubishi alliance said on Wednesday it has signed a memorandum of understanding with car-hailing service company Didi Chuxing to explore future business cooperation on a new electric car-sharing service in China. A person familiar with the matter said the new...

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Apple brings Alibaba-linked payment system into China stores amid market push

BEIJING/SHANGHAI (Reuters) - Apple Inc will accept Chinese mobile payment app Alipay in its local stores, boosting its ties with giant e-commerce firm Alibaba Group Holding Ltd amid a push by the iPhone maker to revive growth in the world’s No.2 economy. The tie-up will make Alipay, run by Ali...

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Samsung to begin investing in new domestic memory chip line: Yonhap

SEOUL (Reuters) - Samsung Electronics Co Ltd has decided to begin investment to build a second memory chip line at its Pyeongtaek production facilities in South Korea, Yonhap news agency reported on Wednesday. Chipmakers are investing heavily to meet booming demand for semiconductors and Samsung sai...

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Samsung Elec to begin investing in new memory chip line in South Korea: Yonhap

SEOUL (Reuters) - Samsung Electronics Co Ltd has decided to begin initial investment to build a new memory chip line at its production facilities in South Korea, wire service Yonhap reported on Wednesday. A Samsung Electronics management committee decided earlier on Wednesday to begin constructing a...

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Alphabet names former Time Warner Cable executive to lead internet unit

SAN FRANCISCO (Reuters) - Alphabet Inc said it named a former Time Warner Cable chief operating officer as chief executive officer of its internet service company, marking the unit’s third CEO in less than two years. Dinesh Jain, who left Time Warner Cable as it merged with Charter Communicati...

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Snapchat overhaul convinces investors it can fight Instagram

(Reuters) - Snapchat owner Snap Inc on Tuesday reported surging growth in users and revenue in its latest quarter, reviving hopes that it can survive competition with Facebook Inc’s Instagram and sending its shares up more than 20 percent. Investor enthusiasm for the instant messaging applicat...

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Uber says hackers behind 2016 data breach were in Canada, Florida

WASHINGTON (Reuters) - The two people who hacked ride-hailing firm Uber’s data in 2016 were in Canada and Florida at the time, a company security executive told a U.S. congressional committee on Tuesday. About 25 million people whose data was compromised in the breach live in the United States...

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Snap shares soar as user growth, revenue beat

(Reuters) - Snap Inc (SNAP.N) surprised Wall Street on Tuesday with a rebound in user growth for its Snapchat messaging app, showing resilience amid competition with Facebook Inc’s (FB.O) Instagram and sending shares up nearly 30 percent. Paired with higher-than-expected revenue and improved m...

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Snap's user growth, revenue beat analyst expectations, shares soar

(Reuters) - Snap Inc (SNAP.N) said on Tuesday it added more users than expected to its Snapchat messaging app as it fights to fend off competition from Facebook Inc’s (FB.O) Instagram, sending it shares up by nearly 30 percent. Snapchat’s daily active users rose to 187 million in the qua...

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In trade-secrets trial, subdued Kalanick says Uber trailed in self-driving cars

SAN FRANCISCO (Reuters) - Former Uber Chief Executive Officer Travis Kalanick testified at trial on Tuesday that he believed Uber was lagging in self-driving car development and came up with a plan to hire a star engineer from rival Waymo to catch up with competitors. Kalanick’s testimony in S...

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Snap's user growth, revenue beat analyst expectations

(Reuters) - Snap Inc (SNAP.N) said on Tuesday it added more users than expected to its Snapchat messaging app as it fights to fend off competition from Facebook Inc’s (FB.O) Instagram. Snapchat’s daily active users rose to 187 million in the quarter ended Dec. 31 from 178 million in the ...

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Uber says hackers behind data breach were in Canada, Florida

WASHINGTON (Reuters) - The two individuals behind the 2016 data breach at Uber Technologies Inc [UBER.UL] were found to be in Canada and Florida, an Uber cybersecurity executive told the U.S. Congress on Tuesday. About 25 million users affected by the breach are users located in the United States, J...

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A soft-spoken Kalanick, ex-Uber CEO, testifies in U.S. car secrets trial

SAN FRANCISCO (Reuters) - Former Uber Chief Executive Officer Travis Kalanick testified at a high-stakes trial on Tuesday and publicly addressed for the first time allegations by Alphabet Inc’s (GOOGL.O) Waymo that Uber stole its self-driving car technology. In testimony in San Francisco feder...

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U.S. regulators may ask Congress for virtual currency legislation

WASHINGTON (Reuters) - U.S. regulators may ask Congress to pass legislation to improve oversight of virtual currencies like bitcoin amid concerns about the risks posed by the emerging asset class, the head of the Securities and Exchange Commission said on Tuesday. The comments by SEC Chairman Jay Cl...

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Apple sees 'strong demand' for replacement iPhone batteries: letter

WASHINGTON/SAN FRANCISCO (Reuters) - Apple Inc (AAPL.O) has seen “strong demand” for replacement iPhone batteries and may offer rebates for consumers who paid full price for new batteries, the company said in a Feb. 2 letter to U.S. lawmakers made public on Tuesday. Apple confirmed in De...

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Apple says it sees 'strong demand' for replacement iPhone batteries: letter

WASHINGTON (Reuters) - Apple Inc (AAPL.O) is seeing “strong demand” for replacement iPhone batteries and disclosed it is considering offering rebates for consumers who paid full price for new batteries, the company said in a February 2 letter to U.S. lawmakers made public Tuesday. Apple ...

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Senate spotlights virtual currencies as bitcoin price swings

WASHINGTON (Reuters) - Digital currencies such as bitcoin were in the spotlight again on Tuesday as lawmakers in the U.S. Senate questioned top markets watchdogs over how to better regulate the highly volatile and risky emerging asset class. Christopher Giancarlo, chairman of the Commodity Futures T...

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Apple to build a second data center in China: Xinhua

(Reuters) - Apple Inc will build its second data center in China at Ulanqab City in the Inner Mongolia Autonomous Region, the official Xinhua news agency reported on Tuesday, citing the local government. As Apple's first data center in north China, it would commence operation in 2020 and offer iClou...

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U.S. states join forces on fintech licenses

NEW YORK (Reuters) - Banking regulators of seven U.S. states have agreed to simplify the way financial technology companies can apply for licenses, in a bid to make it easier for businesses to offer their services nationwide. The states of Georgia, Illinois, Kansas, Massachusetts, Tennessee, Texas a...

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Waymo may try to push Uber ex-CEO's buttons in car secrets trial

SAN FRANCISCO (Reuters) - Uber’s ex-Chief Executive Travis Kalanick must subdue his notorious hot-headed demeanor and calmly withstand hostile questioning to appear sympathetic to jurors when he is cross-examined by Alphabet Inc’s (GOOGL.O) Waymo as early as Tuesday during a trade-secret...

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Nissan to launch new all-electric Leaf in Asia-Pacific markets

SINGAPORE (Reuters) - Nissan Motor Co (7201.T) said on Tuesday it will launch the new version of its all-electric vehicle Leaf in seven markets in Asia-Pacific, and explore bringing it to two more, in its latest push to boost sales of electrified vehicles. Lower-emission vehicles have become a major...

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'Any size of deal is possible,' says chipmaker AMS

ZURICH (Reuters) - High-flying Austrian chipmaker AMS (AMS.S) is looking for more acquisitions to accelerate growth and increase its leading position in sensors used in phones, automobiles and industrial gear, Chief Executive Alexander Everke said on Tuesday. “Any size of deal is possible, I a...

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