U.S. demands CNN or DirecTV sale to approve AT&T/Time Warner deal: sources

NEW YORK/WASHINGTON (Reuters) - The U.S. Department of Justice is pushing AT&T Inc (T.N) to sell Turner Broadcasting, parent of CNN cable network, or its DirecTV satellite television unit to satisfy antitrust concerns over its purchase of Time Warner Inc (TWX.N), sources told Reuters on Wednesda...

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Former Yahoo CEO apologizes for data breaches, blames Russians

WASHINGTON (Reuters) - Former Yahoo Chief Executive Marissa Mayer apologized on Wednesday for two massive data breaches at the internet company, blaming Russian agents for at least one of them, at a hearing on the growing number of cyber attacks on major U.S. companies. ”As CEO, these thefts o...

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U.S. demands CNN sale to approve AT&T/Time Warner deal: sources

NEW YORK/WASHINGTON (Reuters) - The U.S. Department of Justice is pushing AT&T Inc (T.N) to sell Turner Broadcasting, parent of CNN cable network, or its DirecTV satellite television unit to satisfy antitrust concerns over its purchase of Time Warner Inc (TWX.N), sources told Reuters on Wednesda...

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Canada's Quebec looks to impose sales tax on Netflix, others: report

TORONTO/MONTREAL (Reuters) - The Canadian province of Quebec has told Ottawa it will impose a sales tax on online companies, such as video streaming service Netflix Inc (NFLX.O), and called on the federal government to reconsider its own decision not to do the same, La Presse newspaper reported on W...

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Sprint to accelerate network investment, CEO says

NEW YORK (Reuters) - Sprint Corp will accelerate investment in its network as it plots a future as a standalone company, its chief executive officer said on Wednesday, days after the No. 4 U.S. wireless carrier said merger talks with rival T-Mobile US Inc had failed. FILE PHOTO - Sprint CEO Marcelo ...

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China's Tencent takes 12 percent stake in Snap as shares plunge

(Reuters) - Snap Inc said on Wednesday that Chinese tech and media investment firm Tencent Holdings Ltd had taken a 12 percent stake in the company, a day after the owner of disappearing-messaging app Snapchat was punished by Wall Street for disappointing quarterly results. FILE PHOTO - A woman stan...

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U.S. pushes for possible asset sales in AT&T/Time Warner deal

NEW YORK/WASHINGTON (Reuters) - The U.S. Department of Justice is pushing AT&T Inc (T.N) to sell assets or come up with other ways of satisfying antitrust concerns over its purchase of Time Warner Inc (TWX.N), a new and potentially costly obstacle to the U.S. No. 2 wireless carrier’s effor...

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Former Yahoo CEO apologizes for data breach, blames Russians

WASHINGTON (Reuters) - Former Yahoo Chief Executive Marissa Mayer apologized on Wednesday for a pair of massive data breaches at the internet company and blamed Russian agents at a hearing on the growing number of incidents involving major U.S. companies. Former Yahoo Chief Executive Marissa Mayer w...

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AT&T says timing of Time Warner deal completion now uncertain

(Reuters) - AT&T Inc (T.N) said on Wednesday it was uncertain when its deal to buy Time Warner Inc (TWX.N) would be completed as the network carrier continues antitrust discussions with the U.S. Department of Justice. The AT&T logo is pictures on a building in Los Angeles, California, U.S. A...

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AT&T says timing of Time Warner deal closing now uncertain

(Reuters) - AT&T Inc’s chief financial officer cast doubt on when it will close its acquisition of Time Warner, saying on Wednesday the company was in active discussions with the U.S. Department of Justice that made the timing uncertain. The AT&T logo is pictures on a building in Los A...

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Snap says China's Tencent holds 12 percent stake

(Reuters) - Tencent Holdings Ltd now has a 12 percent stake in Snapchat operator Snap Inc, company filings showed on Wednesday, the latest in a string of major investments in the United States by China’s new tech heavyweights. FILE PHOTO: A sign of Tencent is seen during the third annual World...

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Russia to check if Facebook is complying with law: Ifax

MOSCOW (Reuters) - Russia’s communications regulator Roskomnadzor said on Wednesday it planned to check whether Facebook was in compliance with Russian law. A 3D-printed Facebook like button is seen in front of a displayed Russian flag in this illustration taken October 25, 2017. REUTERS/Dado ...

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Goldman Sachs leads $10 million investment round in data startup Crux

NEW YORK (Reuters) - Goldman Sachs Group Inc led a $10 million investment in Crux Informatics Inc, a U.S.-based technology startup that enables financial institutions to outsource the processing of data to gain business insights. A Goldman Sachs sign is displayed inside the company's post on the flo...

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Ford, China's Zotye Auto invest $756 million in electric vehicle JV

HONG KONG (Reuters) - Ford Motor and China’s Anhui Zotye Automobile have agreed to invest a combined $756 million to set up a 50-50 joint venture in China to build electric passenger vehicles, both companies said on Wednesday. FILE PHOTO: An airplane flies above a Ford logo in Colma, Californi...

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China's Tencent buys 12 percent stake in Snapchat owner

(Reuters) - China’s Tencent now holds a 12 percent stake in Snapchat operator Snap Inc, Snap said on Wednesday, turning over a 20 percent slide in the U.S. company’s share price after badly received third quarter results. FILE PHOTO: A sign of Tencent is seen during the third annual Worl...

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Qualcomm buy may pit Broadcom against Intel in 'connected car' fight

(Reuters) - If Broadcom Ltd’s (AVGO.O) unsolicited $103 billion bid for Qualcomm Inc succeeds, it could set up a battle with Intel Corp for dominance in the production of the next generation of communications chips, which will play a vital role in so-called connected cars. FILE PHOTO: A sign t...

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Uber in deal with NASA to build flying taxi air control software

LISBON (Reuters) - Uber has struck a deal with NASA to develop software for managing “flying taxi” routes in the air along the lines of ride-hailing services it has pioneered on the ground, the company said on Wednesday. A man exits the Uber offices in Queens, New York, U.S., February 2,...

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Tencent's China Literature in smashing debut, boosts outlook for Hong Kong tech IPOs

HONG KONG (Reuters) - Tencent’s e-book unit China Literature Ltd (0772.HK) saw its shares surge more than 80 percent in their debut on Wednesday, as Hong Kong investors embrace a rush of tech listings, marking the biggest first-day gain for a large IPO globally this year. China Literature Co-C...

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Fox in the Mouse House could give Disney an edge in streaming wars

LOS ANGELES (Reuters) - If Walt Disney Co (DIS.N) buys some Twenty-First Century Fox (FOXA.O) businesses, it could provide a quick path for the traditional media giant to create a substantial competitor to Netflix Inc (NFLX.O) in the battle for TV and movie viewers. FILE PHOTO: The Twenty-First Cent...

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Snapchat launches redesign as growth disappoints Wall Street

(Reuters) - Snap Inc (SNAP.N) is redesigning its disappearing-message app Snapchat in an attempt to reach a broader audience, going back to the drawing board after being clobbered by Wall Street for another quarter of slowing user growth. A woman stands in front of the logo of Snap Inc. on the floor...

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