Montana governor takes stand for state to honor 'net neutrality'

WASHINGTON (Reuters) - Montana will sign contracts only with internet service providers that honor “net neutrality” firms, Governor Steve Bullock said on Monday, the latest effort by a state to undermine a Federal Communications Commission order rolling back rules introduced in 2015. Bul...

Continue reading

Waymo to start testing self-driving cars in Atlanta

(Reuters) - Waymo, Alphabet Inc’s self-driving car unit, would start testing its self-driving vehicles in Atlanta, it said on Twitter on Monday. "Atlanta is a major hub for technology and innovation, and a natural fit for Waymo's testing program," Waymo said on Twitter. (bit.ly/2DyOp6W) With o...

Continue reading

Adobe lifts profit forecast on tax reform boost

(Reuters) - Photoshop maker Adobe Systems Inc (ADBE.O) on Monday lifted its adjusted profit forecast for the current quarter and the full year, saying it expects its effective tax rate to decline “substantially” due to the recently enacted U.S. tax reforms. Adobe said it expects a charge...

Continue reading

Netflix crosses $100 billion market cap on subscriber surge

(Reuters) - Netflix Inc (NFLX.O) snagged 8.33 million new streaming customers in the final quarter of last year - 2 million more than Wall Street expected - as the pioneering online video service kept pouring money into programming in a race to dominate internet television around the world. The resu...

Continue reading

SEC is scrutinizing overnight blockchain companies: chairman

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) is scrutinizing public companies that change their name or business model in a bid to capitalize upon the hype surrounding blockchain technology, SEC Chairman Jay Clayton said on Monday. Dozens of little-known companies across ...

Continue reading

Adobe lifts earnings forecast on tax reform boost

(Reuters) - Photoshop maker Adobe Systems Inc (ADBE.O) on Monday lifted its forecast for yearly earnings per share, helped by new U.S. tax laws, saying it expects its effective tax rate to decline “substantially.” Adobe said it expects earnings of $6.20 per share for fiscal year 2018, up...

Continue reading

Netflix subscriber growth beats on strong original programming

(Reuters) - Netflix Inc (NFLX.O) added more international subscribers than expected in the fourth quarter, as the video streaming service provider kept viewers hooked with critically acclaimed shows such as “The Crown” and “Stranger Things.” Netflix signed up 6.36 million sub...

Continue reading

Icahn, Deason join forces to demand Xerox explore options

(Reuters) - Hedge fund managers Carl Icahn and Darwin Deason joined forces on Monday to push Xerox Corp (XRX.N) to explore strategic options, oust its “old guard”, including its CEO, and negotiate better terms for its decades-long deal with Japan’s Fujifilm. Icahn and Deason &ndash...

Continue reading

Facebook should pay 'trusted' news publishers carriage fee: Murdoch

(Reuters) - Media mogul Rupert Murdoch on Monday called on Facebook to pay “trusted” news publishers a carriage fee, similar to the model used by cable companies, amid efforts by the social media company to fight misinformation on its platform. “Facebook and Google have popularized...

Continue reading

Murdoch calls for 'fee' for trusted news publishers on Facebook

(Reuters) - News Corp’s (NWSA.O) Rupert Murdoch on Monday called on Facebook Inc (FB.O) to pay “trusted” news publishers a carriage fee, similar to the model used by cable companies. His remarks come days after Facebook Chief Executive Mark Zuckerberg said the social media company ...

Continue reading

Intel asks customers to stop using faulty patches

(Reuters) - Intel Corp has asked computer makers to stop rolling out a set of faulty patches it issued to fix security flaws in its chips and instead start testing an updated version. The company said on Monday that it wanted computer manufacturers and data center owners to stop using the current fi...

Continue reading

Icahn, Deason demand Xerox explore strategic options

(Reuters) - Hedge fund managers Carl Icahn and Darwin Deason demanded on Monday that Xerox Corp (XRX.N) explore strategic alternatives and said they would join forces to elect four new members to the board, prodding the company’s shares higher. Icahn and Deason, who together own over 15 percen...

Continue reading

Banking group Nordea bans bitcoin trading

STOCKHOLM (Reuters) - Nordea has forbidden all its roughly 31,000 employees from trading in cryptocurrencies such as bitcoin due to high risks, it said on Monday. The Nordic region’s biggest bank said the ban will be imposed from Feb. 28. “The risks are seen as too high and the protectio...

Continue reading

Top Swiss cryptocurrency lawyer questions 'stupid' ICO structure

ZURICH (Reuters) - One of the top lawyers in the booming cryptocurrency industry says the legal structure he helped set up to raise funds for new virtual currencies is “old, inflexible and stupid” and may no longer be fit for purpose. The Swiss lawyer’s comments come as regulators ...

Continue reading

More than 10 percent of $3.7 billion raised in ICOs has been stolen: Ernst & Young

NEW YORK (Reuters) - More than 10 percent of funds raised through “initial coin offerings” are lost or stolen in hacker attacks, according to new research by Ernst & Young that delves into the risks of investing in cryptocurrency projects online. The professional services firm analyz...

Continue reading

Business booms for privacy experts as landmark data law looms

SAN FRANCISCO (Reuters) - Business is booming for software and privacy experts as companies across the globe spend millions of dollars to comply with a landmark European data protection law, even as many uncertainties remain about how the rules will be enforced. The General Data Protection Regulatio...

Continue reading

Craft and tech mingle at French couture house Fournie

PARIS (Reuters) - At his Paris workshop, haute couturier Julien Fournie is surveying the final tucks and tweaks to his outfits as models try on his hand-stitched silk gowns, bringing to life creations he first sketched on a tablet.  Fournie is one of few designers trying to propel fashion into ...

Continue reading

Exclusive: U.S. sanctions curb Microsoft sales to hundreds of Russian firms

MOSCOW (Reuters) - Two of Microsoft’s official distributors in Russia have imposed restrictions on sales of Microsoft software to more than 200 Russian companies following new U.S. sanctions, according to notifications circulated by the distributors. While much of the focus around U.S. sanctio...

Continue reading

Icahn, Deason to jointly push Xerox to explore selling itself, other options: WSJ

(Reuters) - Investor Carl Icahn and Darwin Deason, the biggest- and third-largest shareholders of Xerox Corp, jointly plan to push the printer and photocopier maker to explore options, including a sale of the firm, the Wall Street Journal reported on Sunday. Icahn and Deason, who together own 15.7 p...

Continue reading

Toshiba considering IPO for memory chip unit: FT

TOKYO (Reuters) - Toshiba Corp (6502.T) is considering an IPO of its prized memory chip business if an agreed $18 billion sale of the unit to Bain Capital fails to gain antitrust approval by the end of March, the Financial Times reported on Monday. The IPO is one of various contingency plans being l...

Continue reading

Icahn, Deason call on Xerox to explore options, including sale: WSJ

(Reuters) - Hedge fund investor Carl Icahn and another major owner of Xerox Corp stock, Darwin Deason, are pushing the digital print technology provider to explore strategic alternatives, including a sale, the Wall Street Journal reported on Sunday. Icahn and Deason also want Xerox Chief Executive J...

Continue reading

Facebook to open digital training hubs in Europe

BRUSSELS (Reuters) - Facebook (FB.O) said on Monday it will open three new centers in Europe to train people in digital skills and committed to training one million people over the next two years, part of the social media giant’s drive to show its contribution to the bloc. The U.S. company - w...

Continue reading

Contrite Facebook executives seek to ward off more European rules

MUNICH (Reuters) - Facebook (FB.O) executives are fanning out across Europe this week to address the social media giant’s slow response to abuses on its platform, seeking to avoid further legislation along the lines of a new hate speech law in Germany it says goes too far. Facebook’s com...

Continue reading

Amazon's automated grocery store of the future opens Monday

SEATTLE (Reuters) - Amazon.com Inc (AMZN.O) will open its checkout-free grocery store to the public on Monday after more than a year of testing, the company said, moving forward on an experiment that could dramatically alter brick-and-mortar retail. The Seattle store, known as Amazon Go, relies on c...

Continue reading

Facebook to prioritize 'trustworthy' news based on surveys

SAN FRANCISCO (Reuters) - Facebook Inc will prioritize “trustworthy” news in its feed of social media posts, using member surveys to identify high-quality outlets and fight sensationalism and misinformation, Chief Executive Mark Zuckerberg said on Friday. The company, which has more than...

Continue reading

Twitter to notify users exposed to Russian propaganda during U.S. elections

(Reuters) - Twitter Inc, which is reviewing Russian interference during the 2016 U.S. elections, said on Friday it would notify some of its users whether they were exposed to content generated by a suspected Russian propaganda service. The company said it would be emailing notifications to 677,775 p...

Continue reading

FTC makes second request on Broadcom's bid for Qualcomm

(Reuters) - The U.S. Federal Trade Commission has made a second request for information on chipmaker Broadcom Ltd’s (AVGO.O) $103 billion hostile bid for Qualcomm Inc (QCOM.O), Broadcom said in a statement on Friday, a move that could indicate heightened antitrust scrutiny. The FTC review is p...

Continue reading

Judge overseeing AT&T, Time Warner merger trial hears document dispute

WASHINGTON (Reuters) - AT&T (T.N), owner of DirecTV, is asking for documents from a long list of companies as part of preparation for a trial to determine if they will be allowed to buy movie and TV show maker Time Warner (TWX.N), their lawyer Daniel Petrocelli said in a pre-trial hearing on Fri...

Continue reading

Trump signs bill renewing NSA's internet surveillance program

WASHINGTON (Reuters) - U.S. President Donald Trump on Friday said he had signed into law a bill renewing the National Security Agency’s warrantless internet surveillance program. “Just signed 702 Bill to reauthorize foreign intelligence collection,” Trump said on Twitter, referring...

Continue reading

Facebook to prioritize 'trustworthy' news sources

SAN FRANCISCO (Reuters) - Facebook Inc will change the ranking of its News Feed to give priority to trustworthy news sources above those that its users do not consider trustworthy, Chief Executive Mark Zuckerberg said on Friday. Zuckerberg said in a post on Facebook that the social media network wou...

Continue reading