Roku hits record high on Philips licensing deal

(Reuters) - Roku Inc’s shares surged nearly 43 percent to a record high on Monday after the streaming device maker said it signed a licensing deal that would put its technology on Philips-branded televisions in the United States this year. A video sign displays the logo for Roku Inc, a Fox-bac...

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Tesla hit by class-action lawsuit claiming racial discrimination

(Reuters) - U.S. automaker Tesla Inc on Monday was hit with a class-action lawsuit claiming its California production plant is a “hotbed for racist behavior.” The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. REUTERS/Tyrone Siu The lawsuit filed in California state court in Oa...

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Roku hits record high on licensing deal for Philips-branded TVs

(Reuters) - Roku Inc’s (ROKU.O) shares surged nearly 43 percent to a record high on Monday after the streaming device maker said it signed a licensing deal that would put its technology on Philips-branded televisions in the United States this year. A video sign displays the logo for Roku Inc, ...

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AT&T, Verizon strike tower agreement in effort to diversify vendors

NEW YORK (Reuters) - AT&T Inc and Verizon Communications Inc said on Monday they have agreed to lease hundreds of new cell towers from owner and operator Tillman Infrastructure, a move they hope will give them more leverage in negotiations with major U.S. tower vendors. FILE PHOTO: The Verizon l...

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Google faces antitrust investigation in Missouri

SAN FRANCISCO (Reuters) - Missouri’s attorney general said Monday his office would investigate whether Alphabet Inc’s Google violated the state’s consumer protection and antitrust laws. FILE PHOTO - The Google logo is pictured atop an office building in Irvine, California, U.S. Aug...

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BlackRock's Fink says bitcoin thrives on its anonymity

NEW YORK (Reuters) - Bitcoin, whose value has fluctuated significantly this month, remains a “speculative” investment that thrives because of its anonymous nature, BlackRock Inc (BLK.N) Chief Executive Larry Fink said on Monday. Laurence Fink, founder and chief executive officer of Black...

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Uber's South Asia policy chief quits in latest senior departure: sources

NEW DELHI (Reuters) - Uber’s [UBER.UL] chief of policy for India and South Asia has quit, two sources familiar with the matter said on Monday, in the latest high-level departure at the online taxi company. The Uber logo is seen on mobile telephone in London, Britain, September 25, 2017. REUTER...

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China's JD.com swings to third-quarter profit, lifting shares

BEIJING (Reuters) - China’s second biggest e-commerce company, JD.com, reported an unexpected profit in the third quarter, though it lost about 100 merchants to fierce competition in the run-up to this month’s Singles’ Day shopping extravaganza. A sign of China's e-commerce company...

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Qualcomm rejects Broadcom's $103-billion takeover bid

(Reuters) - Mobile chipmaker Qualcomm Inc on Monday rejected rival Broadcom Ltd’s $103-billion takeover bid, saying the offer “dramatically” undervalued the U.S. company. A sign on the Qualcomm campus is seen in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake Share...

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Qualcomm rejects Broadcom's $103 billion takeover proposal

(Reuters) - Mobile chipmaker Qualcomm Inc on Monday rejected rival Broadcom Ltd’s $103 billion takeover bid, saying the offer “dramatically” undervalued the U.S. company. A sign on the Qualcomm campus is seen in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake &ldqu...

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Lyft to drive into Canada in first international foray

(Reuters) - Ride-hailing firm Lyft Inc said on Monday it would launch its service in Toronto, marking the first international expansion for the U.S.-based rival of Uber Technologies Inc [UBER.UL]. An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2...

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Bitcoin claws back over $1,000 after losing almost a third of value

LONDON (Reuters) - Bitcoin surged on Monday, recovering more than $1,000 after losing almost a third of its value in less than four days as traders bought back into the volatile cryptocurrency. Bitcoin (virtual currency) coins placed on Dollar banknotes are seen in this illustration picture, Novembe...

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Bitcoin rebounds over $1,000 after losing almost a third of value

LONDON (Reuters) - Bitcoin surged on Monday, recovering more than $1,000 after losing almost a third of its value in less than four days as traders bought back into the volatile cryptocurrency. Bitcoin (virtual currency) coins placed on Dollar banknotes are seen in this illustration picture, Novembe...

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GM's electric car sales will meet quotas by 2019, says China chief

BEIJING (Reuters) - General Motors Co’s China joint ventures will be able to generate enough new energy vehicle (NEV) sales volume to account for NEV production quotas by 2019 and without the need to buy credits, GM China chief Matt Tsien said on Monday. Workers inspect Baojun E100 all-electri...

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EU markets agency warns new crypto coins could prove worthless

FRANKFURT (Reuters) - Europe’s top markets regulator has warned investors about the pitfalls of buying newly issued crypto coins, an experimental and unregulated form of online crowd funding particularly used by start-up businesses. A bitcoin sign is seen during Riga Comm 2017, a business tech...

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ESPN brings SportsCenter show to Snapchat

(Reuters) - U.S. sports broadcaster ESPN launched its flagship SportsCenter program on messaging app Snapchat on Monday, reimagining the show that provides sports highlights and commentary into a short-form series. The Snapchat messaging application is seen on a phone screen August 3, 2017. REUTERS/...

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Think bitcoin's getting expensive? Try Zimbabwe

HARARE (Reuters) - For most investors around the world, bitcoin is a volatile and highly speculative bet. For Zimbabweans, however, the cryptocurrency seems to offer rare protection from the onset of hyperinflation and financial implosion. FILE PHOTO: People queue to withdraw money from a bank in Ha...

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Amazon says Australia launch imminent ahead of spending season

SYDNEY (Reuters) - Amazon.com Inc is “really close” to opening in Australia, its country manager said on Monday, as the U.S. e-commerce juggernaut prepares to shake up an already-fragile brick-and-mortar retail sector in the world’s No. 12 economy. FILE PHOTO: The logo of Amazon is...

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Backing Big Brother: Chinese facial recognition firms appeal to funds

HONG KONG (Reuters) - Buoyed by China’s plans to build a ubiquitous CCTV surveillance network, Chinese and some foreign investors are pouring money into start-up technology firms that specialize in facial recognition software. A "smart departure" self-service machine scans a woman's face to au...

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Uber board strikes agreement to pave way for SoftBank investment

SAN FRANCISCO/NEW YORK (Reuters) - Uber Technologies Inc’s [UBER.UL] warring board members have struck a peace deal that would allow a multibillion-dollar investment by SoftBank Group Corp to proceed, and would resolve a legal battle between former Chief Executive Travis Kalanick and a promine...

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Qualcomm draws up plans to rebuff Broadcom's $103 billion offer: sources

(Reuters) - U.S. chipmaker Qualcomm Inc (QCOM.O) is making preparations to reject rival Broadcom Ltd’s (AVGO.O) $103 billion bid as early as this week, four people familiar with the matter said on Sunday, setting the stage for one of the biggest-ever takeover battles. A building on the Qualcom...

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Uber board has struck an agreement to pave way for SoftBank investment

SAN FRANCISCO (Reuters) - Uber Technolgies Inc’s [UBER.UL] warring board members have struck a peace deal that would allow a multibillion-dollar investment by SoftBank Group Corp to proceed, and would resolve a legal battle between former Chief Executive Travis Kalanick and a prominent shareho...

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China's JD.com, Alibaba rival, reports $19.1 billion in shopping event sales

BEIJING (Reuters) - JD.com, China’s e-commerce behemoth, said on Sunday that sales for Singles’ Day - and its run-up - reached 127.1 billion yuan ($19.14 billion), up 50 percent from a year ago. FILE PHOTO - A sign of China's e-commerce company JD.com is seen at CES (Consumer Electronics...

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Exclusive: Rupert Murdoch twice discussed CNN with AT&T CEO - sources

NEW YORK (Reuters) - Rupert Murdoch telephoned AT&T Inc (T.N) Chief Executive Randall Stephenson twice in the last six months and talked about cable network CNN, sources briefed on the matter told Reuters on Friday. Rupert Murdoch stands at the U.S. Open men's final in New York, September 10, 20...

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China's 24-hour online shopping binge tops $1.5 billion in first three minutes

SHANGHAI (Reuters) - Chinese e-commerce giant Alibaba (BABA.N) said sales topped 10 billion yuan ($1.51 billion) in just over three minutes from the opening of Singles’ Day, an annual online discount sales gala that has become the world’s biggest shopping spree. Jack Ma, Chairman of Alib...

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China's 24-hour shopping gala: more tech, fewer deals?

SHANGHAI (Reuters) - Singles’ Day, once a celebration for China’s lonely hearts and now the world’s biggest shopping spree, opens at midnight on Friday, with millions of shoppers eager to snap up cut-price deals. U.S. singer Pharrell Williams and Hong Kong singer Karen Mok perform ...

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Disney shares rise as focus turns to streaming commitment

(Reuters) - Walt Disney’s shares rose 3 percent on Friday, as Wall Street shrugged off poor financial results and focused instead on the media giant’s commitment to build a service that will compete aggressively with video streaming pioneer Netflix. FILE PHOTO: The logo of the Disney sto...

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Nvidia shares set record as Volta chips ensure future growth

(Reuters) - Shares of Nvidia Corp (NVDA.O) hit a record on Friday, after it posted stellar quarterly results powered by higher demand for graphics chips used in gaming and data centers, and the rapid adoption of its new Volta chips for AI and driverless cars. The logo of Nvidia Corporation is seen d...

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Amazon seeks staff in European insurance push

LONDON (Reuters) - Amazon.com Inc is expanding its nascent European product insurance business, according to recent job adverts, which industry watchers say could signal the start of broader ambitions in insurance. The logo of Amazon is seen at the company logistics center in Lauwin-Planque, norther...

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Equifax warns data breach will harm future sales

(Reuters) - Equifax Inc on Friday warned that this year’s massive data breach will harm future sales, saying it will reduce revenue in the current fourth quarter by 3 percent to 4 percent. Credit reporting company Equifax Inc. corporate offices are pictured in Atlanta, Georgia, U.S., September...

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