Fired Google memo writer draws scorn, cheers and a job offer

SAN FRANCISCO (Reuters) - The male Google engineer fired for circulating a memo decrying the company's diversity hiring program became the center of a heated debate on sexism, drawing scorn, cheers and even a job offer on Tuesday from WikiLeaks publisher Julian Assange. James Damore confirmed his di...

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Arraignment of UK security researcher Hutchins delayed to Monday

MILWAUKEE (Reuters) - U.S. authorities have postponed the arraignment of a British security researcher Marcus Hutchins, credited with neutralizing the global "WannaCry" ransomware attack, in an unrelated hacking case, the U.S. District Court in Milwaukee said on Tuesday. Hutchins, 23, who was arrest...

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Uber considering sale of U.S. car-leasing business: source

(Reuters) - Uber Technologies Inc [UBER.UL] is evaluating options for its capital-intensive U.S. car-leasing business, including a sale of the unit, a source familiar with the matter said. Other options for the business - Xchange Leasing - could include a partnership or winding it down by reducing t...

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Intel further extends Mobileye offer to mop up outstanding stock

FRANKFURT (Reuters) - Computer chip maker Intel Corp (INTC.O) has further extended its offer to buy out remaining shareholders of Mobileye NV (MBLY.N) after securing 84 percent of the acquisition target's shares, the two companies said on Tuesday. Intel and Mobileye said they had begun a follow-up o...

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Let them play: kids glued to phones could save UK, ex-spy chief says

LONDON (Reuters) - Parents who think they are being responsible by limiting their children's time online should think again: they could be putting their kids and Britain's security at a disadvantage, according to a former British spy chief. "If you appear to be spending your holiday unsuccessfully a...

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Online retailer ASOS to open second U.S. distribution center

LONDON (Reuters) - British online fashion retailer ASOS is spending $40 million on a second U.S. distribution center to support strong sales growth in what it hopes will become a major market. Established in 2000, ASOS is Britain's most valuable online fashion retailer, with a market capitalization ...

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Autonomous cars race narrows on doubts about clear path to profit

FRANKFURT/DETROIT (Reuters) - BMW and Daimler, the world's top luxury carmakers, have announced alliances with suppliers, talking up the virtues of having a bigger pool of engineers to develop a self-driving car. But another motive behind these deals, executives and industry experts told Reuters, is...

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Three Hungarian banks targeted by phishing attempts: central bank

BUDAPEST (Reuters) - Three major banks in Hungary have experienced a series of targeted phishing attempts in recent months, the central bank said on Tuesday, without naming the lenders involved. The National Bank of Hungary, which is the regulator for banks and financial markets, said no funds had b...

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MidEast ride-hailing firm Careem partners with China's Didi Chuxing

DUBAI (Reuters) - Chinese ride-sharing firm Didi Chuxing has invested in Middle East ride-hailing firm Careem as part of a new partnership agreement between the two companies. Didi is investing in Careem to strengthen the Dubai-based company's position in the market and improve its services, the two...

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Google fires employee behind anti-diversity memo

(Reuters) - Alphabet Inc's Google has fired an employee who wrote an internal memo that ascribed gender inequality in the technology industry to biological differences. James Damore, the engineer who wrote the memo, confirmed his dismissal saying that he had been fired for "perpetuating gender stere...

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Japan Display may seek outside investor for turnaround: Nikkei

TOKYO (Reuters) - Japan Display Inc is considering seeking funds from an outside investor to help finance an overhaul of its ailing smartphone screen-making business, including 3,500 job cuts, the Nikkei business daily reported on Tuesday. The liquid crystal display (LCD) maker is exploring capital ...

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Online lenders upbeat about turnaround progress, but worries linger

NEW YORK (Reuters) - LendingClub Corp and OnDeck Capital Inc surprised investors on Monday with strong growth forecasts that sent the online lenders' stocks soaring, but analysts said the sector's health was still a concern. Online lenders soared in popularity after the financial crisis when banks p...

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IBM to appeal judge's order to pay $78 million to Indiana

(Reuters) - International Business Machines Corp said on Monday it will appeal an Indiana judge's ruling that calls for the technology company to pay more than $78 million in damages to the state for failing to modernize the government's welfare system. Marion Superior Court Judge Heather Welch rule...

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Tesla rally pushes funds, ETFs into big bets on shares

NEW YORK (Reuters) - Tesla Inc's more than 66 percent rally for the year is prompting some funds to make an outsized bet on the electric car maker. A total of 22 actively managed mutual funds and exchange-traded funds have more than 5 percent of their portfolios in the company, according to Mornings...

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Siemens to update medical scanner software to deal with security bugs

FRANKFURT (Reuters) - German industrial group Siemens (SIEGn.DE) expects to update software in some of its medical scanners by the end of the month to deal with vulnerabilities that could, in theory, allow some of this equipment to be hacked, a company spokesman said on Monday. Last week, the U.S. D...

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Lithium processors prepare to meet demand in era of electric car

LONDON (Reuters) - Producers of processed lithium - an essential element for batteries used in electric cars - are agreeing long-term contracts with their customers to fund the investments needed to address a looming shortfall. Demand for battery-grade lithium compounds is expected to skyrocket in t...

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Netflix buys comic book publisher run by 'modern-day Stan Lee'

(Reuters) - U.S. video streaming company Netflix Inc (NFLX.O) said on Monday it bought comic book publisher Millarworld, home to titles such as "Kick-Ass" and "Kingsman," in its first ever acquisition. Millarworld, run by Scottish writer Mark Millar with his wife Lucy, will give Netflix a host of ch...

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Hearst invests in emerging markets streaming video provider

NEW YORK (Reuters) - U.S. media company Hearst Communications Inc led a $133 million investment in iflix, the Malaysian provider of streaming video said on Monday. Other new investors included Singapore-based EDBI and clients of DBS private bank, iflix said in a statement. Existing shareholders Evol...

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Tesla seeks to raise $1.5 billion to fund Model 3 production

(Reuters) - Tesla Inc (TSLA.O) said on Monday it intends to raise about $1.5 billion in a bond offering as the U.S. automaker seeks to ramp up production of its newest electric sedan, the Model 3. The debt offering comes as Tesla receives thousands of advance reservations for the Model 3, which were...

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SoftBank CEO says interested in investing in Uber, Lyft

TOKYO (Reuters) - SoftBank Group CEO Masayoshi Son said he was interested in investing in ride-hailing firms Uber Technologies and Lyft but had not made a decision. "We are interested in discussing with Uber, we are also interested in discussing with Lyft, we have not decided which way," he told rep...

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