Amazon shortlists 20 metro areas for second headquarters

(Reuters) - Amazon.com Inc said it has short-listed 20 metropolitan areas, including one in Canada, to build its second headquarters after reviewing 238 proposals. The largest e-commerce company said it would work with each of the candidate locations to get more information and evaluate the feasibil...

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Swiss task force to look into blockchain oversight

ZURICH (Reuters) - Switzerland has set up a working group to look into oversight of blockchain technology and initial coin offerings (ICOs) and report back to the government by the end of this year. The move comes as authorities cast a sharper eye on new such crowdfunding methods, which has let digi...

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Goldman Sachs, Wells Fargo and others invest $38 million in research tech startup

NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N) has led a $38 million investment round by large banks in Visible Alpha, a young New York-based company that helps investment managers better value the equity research services they receive from brokers. Wells Fargo & Co (WFC.N), Banco Santander...

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Old hands in South Korea Bitcoin market unfazed by threats of ban

SEOUL/HONG KONG (Reuters) - Threats of a potential cryptocurrency trading ban in South Korea have scared many investors away, but some veterans of the young market are defiant, saying restrictions would be relatively easy to circumvent. Although the cryptocurrency market lost about $200 billion this...

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Intel: Problem in patches for Spectre, Meltdown extends to newer chips

(Reuters) - Data center computers with Intel Corp’s (INTC.O) newer chips might reboot more often than normal because of problems with the patches issued to fix the so-called Spectre and Meltdown security flaws, the company said on Wednesday. Intel confirmed that patches for the security flaws ...

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Verizon says new U.S. tax law to increase fourth-quarter earnings

NEW YORK (Reuters) - Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion. The reduction will increase earnings for the fourth...

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Verizon says new U.S. tax law to increase 4th-qtr earnings

NEW YORK (Reuters) - Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion. The reduction will increase earnings for the fourth...

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Verizon says new tax law to increase fourth-quarter earnings

NEW YORK (Reuters) - Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion. The reduction will increase earnings for the fourth...

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Apple plans new U.S. campus, to pay $38 billion in foreign cash taxes

(Reuters) - Apple Inc (AAPL.O) will open a new campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Don...

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Regulatory fears hammer bitcoin below $10,000, half its peak

LONDON/TOKYO (Reuters) - Bitcoin fell as much as 20 percent on Wednesday, piercing below $10,000, while other cryptocurrencies took similar spills due to investor fears that regulators could clamp down on them in an effort to curb speculation. The world’s biggest and best-known cryptocurrency ...

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Apple plans second U.S. campus, to pay $38 billion in foreign cash taxes

(Reuters) - Apple Inc (AAPL.O) will open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. Presi...

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Tom Siebel's billion-dollar software firm raises $100 million

SAN FRANCISCO (Reuters) - C3 IoT, a software company founded and run by longtime Silicon Valley executive Thomas Siebel that helps companies collect and analyze data, has raised another $100 million in a new funding backed by TPG Growth, the company said on Wednesday. The valuation of C3 IoT was not...

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FTC investigating Broadcom for antitrust practices

(Reuters) - The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, the company said on Wednesday. The company was recently issued subpoenas that seek an extensive amount of information, according...

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Facebook widens probe into alleged Russian meddling in Brexit

SAN FRANCISCO (Reuters) - Facebook Inc (FB.O) said on Wednesday it would conduct a new, comprehensive search of its records for possible propaganda that Russian operatives may have spread during the run-up to Britain’s 2016 referendum on EU membership. Some British lawmakers had complained tha...

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FTC probing Broadcom for antitrust practices: source

(Reuters) - The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, according to a person familiar with the matter. The Wall Street Journal was the first to report the probe on Wednesday. The comp...

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Apple to pay $38 billion in U.S. taxes on foreign cash, open new campus

(Reuters) - Apple Inc (AAPL.O) on Wednesday said it will make about $38 billion in tax payments on its overseas cash and plans to open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan. Apple said it plans a wave of investing and hiring in the United States and will create 2...

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Apple to pay $38 billion in repatriation tax

(Reuters) - Apple Inc (AAPL.O) will make about $38 billion in tax payments to bring funds kept overseas back to the United States under new federal tax laws, the company said on Wednesday. Apple said it expected to invest over $30 billion in the United States over the next 5 years, and would create ...

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Twitter may notify users exposed to Russian propaganda during 2016 election

WASHINGTON (Reuters) - Twitter may notify users whether they were exposed to content generated by a suspected Russian propaganda service, a company executive told U.S. lawmakers on Wednesday. The social media company is “working to identify and inform individually” its users who saw twee...

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Bitcoin slumps below $10,000, half its peak, as regulatory fears intensify

LONDON/TOKYO (Reuters) - Bitcoin skidded below $10,000 on Wednesday, halving in value from its peak price, with investors gripped by fears regulators could clamp down on the volatile cryptocurrency that sky-rocketed last year. The price of bitcoin, the world’s biggest and best known cryptocurr...

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Citi sees bitcoin potentially halving in value again

NEW YORK (Reuters) - Bitcoin may lose 50 percent of its value from its current level as fears over regulatory clamp-downs have spurred a rout among cryptocurrencies this week, Citi analysts said on Wednesday. The world’s biggest and best known digital currency, which fell below $10,000 on Wedn...

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IBM shares rise after Barclays double upgrade

(Reuters) - Shares in International Business Machines rose nearly 2 percent on Wednesday, helped by a double-notch upgrade for the company from Barclays ahead of fourth-quarter results on Thursday. Barclays cited a handful of reasons for moving the stock to “overweight” from “under...

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Bitcoin slumps to $10,000, half its peak price, as regulatory fears grow

LONDON/TOKYO (Reuters) - Bitcoin skidded a further 12 percent on Wednesday, marking an almost halving in value from its peak price, with investors spooked by fears regulators could clamp down on the volatile cryptocurrency that skyrocketed last year. The price of bitcoin, the world’s biggest a...

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Bitcoin jolted by regulation worries, tumbles 11 percent on extended sell-off

TOKYO/LONDON (Reuters) - Bitcoin skidded more than 11 percent on Wednesday, extending a precipitous downturn in fortunes with investors spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year. The price of the world’s biggest and best known cryptoc...

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Philippine lawmakers worry China Telecom may be a 'Trojan horse'

MANILA (Reuters) - Opposition members of the Philippine Congress raised concern on Wednesday that China Telecom Corp Ltd, which may enter the Philippine industry, could be a “Trojan horse” aimed at giving China access to state secrets. The Southeast Asian country aims to name a third tel...

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Standard Chartered creates fintech investment unit

LONDON (Reuters) - Standard Chartered said on Wednesday it had established a business unit to invest in financial technology and promote innovation. Dubbed SC Ventures, it will include internal consultants to help the rest of the group solve problems with technology and a team to sponsor and oversee...

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Bitcoin jolted by regulation worries, falls 7 percent on extended selloff

TOKYO/SINGAPORE (Reuters) - Bitcoin extended its sharp tumble of the past 24 hours, skidding more than seven percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year. The price of the ...

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Microsoft tops Thomson Reuters top 100 global tech leaders list

(Reuters - Thomson Reuters Corp (TRI.TO) on Wednesday published its debut “Top 100 Global Technology Leaders” list with Microsoft Corp (MSFT.O) in the no. 1 spot, followed by chipmaker Intel Corp (INTC.O) and network gear maker Cisco Systems Inc (CSCO.O). The list, which aims to identify...

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Bitcoin falls more than 7 percent as regulation worries mount

TOKYO (Reuters) - The price of bitcoin extended its sharp tumble of the past 24 hours, dropping more than seven percent on the Bitstamp exchange on Wednesday, spooked by worries regulators may try to clamp down on the highly-volatile trading in the digital currency. Bitcoin fell to as low as $10,567...

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Senate advances bill to renew NSA's internet surveillance program

WASHINGTON (Reuters) - The U.S. Senate on Tuesday advanced a bill to renew the National Security Agency’s warrantless internet surveillance program, as a final push by privacy advocates to derail the measure came up short. The legislation narrowly cleared the procedural 60-vote threshold requi...

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Automakers, U.S. lawmakers hope for progress on self-driving car bill

DETROIT (Reuters) - Automakers and lawmakers expressed hope on Tuesday that U.S. Congress would soon pass a stalled bill aimed at speeding self-driving cars to market, even as safety advocates argued for more performance requirements. The U.S. House of Representatives in September unanimously approv...

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