Investors unhappy as Alphabet shells out more to drive traffic

(Reuters) - There are very few things that make Alphabet Inc's (GOOGL.O) investors unhappy. A rising TAC - the cost of driving traffic to its site - is one of them. Google-parent Alphabet, which has enjoyed revenue growth rate of over 20 percent for the past five quarters, said on Monday that TAC, o...

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Nielsen to track Hulu Live TV, YouTube TV viewing in U.S. ratings

(Reuters) - Nielsen Holdings Plc (NLSN.N) will begin including Hulu Live TV and Google's YouTube TV viewing in its TV ratings in the United States in an effort to capture the shift from traditional broadcast to watching shows on laptops or smartphones, the company said on Tuesday. All programming on...

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Say cheese! New Singapore air terminal automates departures with face recognition

SINGAPORE (Reuters) - When a new terminal opens in 2017 at Singapore's Changi Airport, the world's best for five years straight according to a survey, passengers will be able to, in theory, go through check-in to boarding without speaking to another person. Automation is important for the city-state...

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Uber ties up with AXA for workers' accident cover in France

PARIS (Reuters) - Uber and insurance group AXA (AXAF.PA) on Tuesday announced a partnership to offer accident cover for drivers who work for the ride hailing service in France. In France, as in other countries, Uber has come in for criticism from lawmakers, workers' rights activists and traditional ...

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LG Display to invest $7 billion in OLED production, second-quarter profit jumps

SEOUL (Reuters) - South Korea's LG Display Co Ltd (034220.KS) said on Tuesday it will invest 7.8 trillion won ($7 billion) in production facilities to make both large and small organic light-emitting diode (OLED) panels. LG Display said in a separate filing it will also increase capacity for large O...

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Toyota set to sell long-range, fast-charging electric cars in 2022: paper

TOKYO (Reuters) - Toyota Motor Corp is working on an electric car powered by a new type of battery that significantly increases driving range and reduces charging time, aiming to begin sales in 2022, the Chunichi Shimbun daily reported on Tuesday. Toyota's new electric car, to be built on an all-new...

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Qualcomm accuses tech group of 'misdirecting' trade regulators

(Reuters) - Qualcomm Inc fired back in its case against Apple Inc on Monday, accusing its critics of waging a "coordinated effort aimed at misdirecting" trade regulators. Earlier this month, Qualcomm filed a complaint with the U.S. International Trade Commission seeking to ban iPhones that use chips...

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Alphabet profit slumps on record $2.7 billion EU fine

(Reuters) - Alphabet Inc (GOOGL.O) reported a 27.7 percent drop in quarterly profit as the company recorded a previously announced charge related to a record $2.7 billion fine imposed on its Google unit by the EU. The company's net income fell to $3.52 billion, or $5.01 per Class A and B share and C...

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EU increases pressure on Facebook, Google and Twitter over user terms

BRUSSELS (Reuters) - European Union authorities have increased pressure on Facebook, Google and Twitter to amend their user terms to bring them in line with EU law after proposals submitted by the tech giants were considered insufficient. The European Commission and consumer protection authorities i...

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Alphabet appoints Google CEO Pichai to board

(Reuters) - Alphabet Inc said it appointed chief executive of its Google unit, Sundar Pichai, to its board. The company's board also includes founders Larry Page and Sergey Brin. Alphabet is set to report second quarter earnings on Monday after markets close. [bit.ly/2tU9lwf] Alphabet shares were sl...

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Organic ranchers eye Amazon distribution ahead of Whole Foods deal

(Reuters) - Amazon.com Inc plans to meet on Wednesday with a dozen U.S. ranchers, seeking to expand distribution of organic and grass-fed meats as it takes over Whole Foods Market Inc, according to the meeting's organizer. Analysts and investors have speculated that Amazon is aiming to combine its e...

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Jana Partners invests in Pandora seeing growth opportunity

NEW YORK (Reuters) - Jana Partners has made an investment in Pandora Media Inc., according to a person familiar with the matter, seeing the stock as under-valued with an opportunity to grow its advertising revenue. The size of Jana's stake is unclear. Jana Partners declined to comment. Bloomberg New...

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Digital revolution: student touts prosthetic third thumb

LONDON (Reuters) - "I've only got one pair of hands", is the refrain of overworked office staff or stressed parents everywhere. But now a design student is suggesting that it could be possible to have more, with a prosthetic third thumb to aid productivity. The thumb is the brainchild of Dani Clode,...

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Exclusive: Spotify, Warner hope to clinch royalty deal by September - sources

LONDON (Reuters) - Music streaming company Spotify is close to agreeing a new licensing pact with Warner Music Inc, the last big music royalty deal it needs before pushing ahead with a U.S. stock market listing, four sources familiar with the situation said. The parties are positive a deal could be ...

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Roomba vacuum maker iRobot betting big on the 'smart' home

(Reuters) - The Roomba robotic vacuum has been whizzing across floors for years, but its future may lie more in collecting data than dirt. That data is of the spatial variety: the dimensions of a room as well as distances between sofas, tables, lamps and other home furnishings. To a tech industry ea...

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Samsung takes aim at TSMC with plans to triple chip foundry market share

YONGIN, SOUTH KOREA (Reuters) - Samsung Electronics (005930.KS) plans to triple the market share of its contract chip manufacturing business within the next five years by aggressively adding clients, a senior company executive said, as it targets new growth drivers for the chips business. The estima...

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Exclusive: Germany wants more EU sanctions on Russia over Siemens Crimea turbines - sources

BRUSSELS (Reuters) - Germany is urging the European Union to add up to four more Russian nationals and companies to the bloc's sanctions blacklist over Siemens gas turbines delivered to Moscow-annexed Crimea, two sources in Brussels said. The EU has barred firms from doing business with Crimea since...

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Qatari websites unblocked in Saudi due to technical glitch: royal adviser

RIYADH (Reuters) - Websites and some television channels linked to Qatar were unblocked in Saudi Arabia on Monday morning but the change arose from a technical glitch and the restrictions will be reimposed shortly, a key Saudi royal court adviser said. Saudi Arabia, the United Arab Emirates, Bahrain...

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Malaysia's CIMB to partner Alipay for mobile payment platform

KUALA LUMPUR (Reuters) - CIMB Group Holdings Bhd, Malaysia's second-biggest bank, on Monday said its subsidiary will form an equity joint venture with Ant Financial Services Group, the parent of Alipay, to provide mobile wallet and related financial services. The CIMB unit, Touch 'n Go Sdn Bhd, will...

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Telecom Italia CEO says Vivendi plan to appoint new executive triggered clashes

MILAN (Reuters) - One of the reasons Telecom Italia's (TIM) CEO Flavio Cattaneo fell out with the phone group's top shareholder Vivendi was the French company's plan to appoint a managing director at his side, daily La Repubblica said on Monday. Cattaneo is expected to leave within days, sources tol...

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