Bitcoin soars to record high above $6,000

NEW YORK (Reuters) - Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a whole slew of crypto-currencies. Bitcoins are seen in th...

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Whole Foods says hacking incident resolved

(Reuters) - Amazon.com Inc’s (AMZN.O) Whole Foods Market said on Friday it had replaced affected point-of-sale systems at venues located within some stores where payment card information had been stolen. FILE PHOTO: The Whole Foods Market in Superior, Colorado, United States July 26, 2017. REU...

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Apple hit with trademark lawsuit over iPhone X 'animoji' feature

NEW YORK (Reuters) - A Japanese software company is suing Apple Inc (AAPL.O) in a U.S. court over the trademark for the term “animoji”, alleging the U.S. technology company stole the name to use on a feature of its iPhone X. FILE PHOTO: Apple Senior Vice President of Worldwide Marketing,...

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Tech companies to lobby for immigrant 'Dreamers' to remain in U.S.

SAN FRANCISCO (Reuters) - Nearly two dozen major companies in technology and other industries are planning to launch a coalition to demand legislation that would allow young, illegal immigrants a path to permanent residency, according to documents seen by Reuters. People march across the Brooklyn Br...

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Paris wants to regulate Asian bike-share operators

PARIS (Reuters) - Paris does not want Asian bike-sharing operators to burst into the city the way Airbnb and Uber did and plans to introduce regulation to ensure an orderly rollout of new bicycle schemes, a top city official told Reuters. Ofo France general manager Laurent Kennel poses with city bik...

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London the starting line as Adidas laces up robotic shoe run

LONDON (Reuters) - Adidas has launched the first of six planned city-themed running shoe models in London as it capitalizes on its first Speedfactory, which it has opened in Germany and equipped with time-saving robotics. A sample AM4LDN shoe is displayed, at the launch of Adidas' new shoe line, mad...

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XPO Logistics adding 6,000 holiday workers on e-commerce outlook

SEATTLE (Reuters) - XPO Logistics Inc said on Friday it is hiring more than 6,000 seasonal workers for the crucial peak holiday season, roughly 20 percent more than last year, as the third-largest publicly traded U.S. logistics company gears up for a surge in e-commerce deliveries. XPO’s previ...

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Namibia tells Airbnb hosts to register or face jail

WINDHOEK (Reuters) - Namibia said on Friday that local home owners listed with U.S. short-term rental service Airbnb Inc risk imprisonment if they fail to register with the tourism regulatory body before the end of this year. FILE PHOTO: A woman talks on the phone at the Airbnb office headquarters i...

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Uber opens up Paris travel database to help city planners

BRUSSELS (Reuters) - Uber [UBER.UL] said on Friday it would open up its trove of travel data in Paris to the public to help city officials and urban planners better understand transportation needs, as the company seeks to woo national authorities. FILE PHOTO: An advertisement for the Uber car and ri...

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EU opens investigation into Chinese e-bike imports

BRUSSELS (Reuters) - The European Commission on Friday launched an investigation into the import of electronic bikes (e-bikes) from China after European producers complained that they are being sold at excessively low prices with the help of unfair subsidies. The European Bicycle Manufacturers Assoc...

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Ride hailing firm Grab secures up to $700 million in debt facilities

SINGAPORE (Reuters) - Singapore-headquartered Grab, the main Southeast Asian rival of Uber Technologies Inc [UBER.UL], said on Friday it had secured debt facilities of up to $700 million to help expand its car rental program. FILE PHOTO: A Grab motorbike helmet is displayed during Grab's fifth anniv...

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Exclusive: Tech companies to lobby for immigrant 'Dreamers' to remain in U.S.

SAN FRANCISCO (Reuters) - Nearly two dozen major U.S. companies in technology and other industries are planning to launch a coalition to demand legislation that would allow young, illegal immigrants a path to permanent residency, according to documents seen by Reuters. The Coalition for the American...

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SoftBank's big checks are stalling tech IPOs

LAGUNA BEACH, Calif. (Reuters) - Big cash infusions for startups from an ever-expanding group of financiers, led by SoftBank Group Corp (9984.T) and Middle East sovereign wealth funds, have extinguished hopes that the technology IPO market would bounce back this year. These deep-pocketed financiers,...

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PayPal tops profit estimates, lifts target on mobile payments growth

(Reuters) - Sharp growth in mobile payments led PayPal Holdings Inc (PYPL.O) to report a better-than-expected third-quarter profit on Thursday and lift its guidance for earnings through the rest of the year. The San Jose, California-based payments company has been working hard in recent years to exp...

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PayPal quarterly profit beats on higher mobile transaction volume

(Reuters) - Payment processor PayPal Holdings Inc (PYPL.O) reported a better-than-expected quarterly profit on Thursday, helped by mobile payments volume that more than doubled. The company’s shares were up 3.4 percent at $69.55 in extended trading. San Jose, California-based PayPal has been e...

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U.S. lawmakers want crackdown on Facebook, Twitter political ads

WASHINGTON (Reuters) - U.S. lawmakers, alarmed that foreign entities used the internet to influence last year’s election, introduced legislation on Thursday to extend rules governing political advertising on television, print and radio to also cover social media like Facebook Inc (FB.O). Democ...

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Billions in tax breaks offered to Amazon for second headquarters

(Reuters) - A public contest ending Thursday to bid over housing Amazon.com Inc’s (AMZN.O) second headquarters has drawn pitches from governors and a prime minister, marketing campaigns and offers of tax credits worth at least as much as $7 billion. The world’s largest online retailer ha...

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U.S. lawmakers want regulation of Facebook, Twitter political ads

WASHINGTON (Reuters) - U.S. lawmakers, alarmed over hackers’ use of the internet to influence last year’s election, introduced legislation on Thursday to extend the rules that apply to political advertising on television and radio to social media like Facebook Inc (FB.O). Democratic Sena...

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Google offers bug bounty to clean up mobile apps

SAN FRANCISCO (Reuters) - Google is offering security experts a bounty to identify Android app flaws as the Alphabet Inc unit seeks to wipe out bugs from its Google Play store. Each flaw will score at least $1,000 under the program announced on Thursday to back up automated checks that have failed t...

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Alphabet's CapitalG leads Lyft's $1 billion funding round

(Reuters) - Lyft Inc has raised $1 billion in fresh financing, the ride-services company said on Thursday, in a round led by one of Alphabet Inc’s (GOOGL.O) investment funds, further complicating the convoluted world of ride-hailing alliances and dealing a blow to rival Uber Technologies Inc. ...

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'Anemic' iPhone 8 demand drags Apple shares lower

(Reuters) - Signs of poor demand for the iPhone 8 fueled more questions on Thursday over Apple Inc’s strategy of releasing two phones within months of each other in 2017, sending its shares almost 3 percent lower. The chief executive of Canada’s largest mobile network Rogers Communicatio...

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Facebook, Twitter lawyers to testify in Congress on Russia meddling

WASHINGTON (Reuters) - Facebook Inc and Twitter Inc will send their general counsels to testify on Nov. 1 before two Congressional panels investigating possible Russian meddling in the 2016 U.S. election, the companies said on Thursday. An executive from Alphabet Inc’s Google unit also is expe...

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'Anemic' iPhone 8 demand drags Apple lower

(Reuters) - Signs of poor demand for the iPhone 8 fueled more market questions over Apple Inc’s double 2017 iPhone release strategy, sending its shares down as much as 2.6 percent on Thursday. The chief executive of Canada’s largest mobile network Rogers Communication said appetite for t...

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Facebook general counsel to testify before Congress on Nov. 1

WASHINGTON (Reuters) - Facebook Inc’s general counsel will testify on Nov. 1 before a U.S. House of Representatives panel investigating possible Russian meddling in the 2016 U.S. election, the company said on Thursday. Executives from Twitter Inc and Alphabet Inc’s Google also were expec...

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Amazon offered billions in tax breaks for second U.S. headquarters

(Reuters) - U.S. cities are offering Amazon.com Inc (AMZN.O) at least as much as $7 billion in tax breaks ahead of a Thursday deadline as they compete to house its second headquarters. The world’s largest online retailer has won promises from elected officials who are eager for the $5 billion-...

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Samsung, Omnitracs expand tablet offering for U.S. truck fleets

SEATTLE (Reuters) - Samsung Electronics Co Ltd and U.S. truck fleet services company Omnitracs said on Thursday they are rolling out a tablet-software package to help smaller carriers comply with a looming federal regulation to log driver hours electronically. The platform combines Omnitracs measure...

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Apple shares drop on iPhone 8 demand worries

(Reuters) - Apple Inc’s shares fell 1.5 percent in premarket trading on Thursday on growing concerns about muted demand for the iPhone 8 and iPhone 8 Plus. The company has cut orders for both models by about 50 percent for November and December, Taiwan-based Economic Daily News reported, citin...

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TSMC's third-quarter net profit falls 7 percent on supply constraints, beats estimates

TAIPEI (Reuters) - Apple Inc supplier Taiwan Semiconductor Manufacturing Co Ltd (TSMC) on Thursday said supply-chain inventory constraints pulled down net profit in the third quarter, albeit by a lesser degree than analysts had estimated. The world’s largest contract chipmaker also forecast re...

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TSMC's third-quarter net profit falls 7.1 percent, beats estimates

TAIPEI (Reuters) - Apple Inc supplier Taiwan Semiconductor Manufacturing Co Ltd on Thursday said net profit fell 7.1 percent in the three months through September, slightly better than analyst estimates. The world’s largest contract chipmaker booked third-quarter profit of T$89.925 billion ($2...

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Samsung Electronics shares fall 3 percent, easing from record-high on profit-taking

SEOUL (Reuters) - Shares of Samsung Electronics Co Ltd extended losses on Thursday, easing from a record-high reached on Tuesday due to profit-taking. Samsung Electronics shares fell as much as 3.2 percent to their lowest intraday level since Oct. 10. Reporting by Hyunjoo Jin and Dahee Kim