PayPal rolls out Venmo payments to its U.S. retailers

NEW YORK (Reuters) - PayPal Holdings Inc said more than two million U.S. retailers will be able to accept payments through its mobile app Venmo starting this week, seeking to broaden its reach with a brand that has been a hit with young people. Venmo, which has been part of PayPal since 2013, is one...

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Patently tough: Long road ahead for Qualcomm in China case against Apple

SHANGHAI/BEIJING (Reuters) - Qualcomm Inc (QCOM.O) wants to hit Apple Inc (AAPL.O) where it hurts most: iPhone sales in China - one of its biggest global markets where most of its flagship smartphones are made. The U.S. chipmaker’s legal gambit to ban sales and manufacturing of iPhones could c...

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Microsoft responded quietly after detecting secret database hack in 2013

(Reuters) - Microsoft Corp’s secret internal database for tracking bugs in its own software was broken into by a highly sophisticated hacking group more than four years ago, according to five former employees, in only the second known breach of such a corporate database. The company did not di...

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Netflix adds more subscribers than expected, shares hit record

(Reuters) - Netflix Inc added more subscribers than expected around the world in the third quarter and projected growth in line with Wall Street forecasts, saying it had a head start on rivals as internet television expands globally. Shares of the world’s leading online video streaming service...

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Facebook buys teen app tbh

(Reuters) - Facebook Inc (FB.O) has acquired tbh, an app popular among teens, as the world’s largest social network looks to attract more users. The app, an acronym for “To be Honest”, allows users to anonymously answer multiple choice questions about friends, who then receive the ...

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North Korea likely behind Taiwan SWIFT cyber heist: BAE

TORONTO (Reuters) - Cyber-security firm BAE Systems Plc said on Monday it believes the North Korean Lazarus hacking group is likely responsible for a recent cyber heist in Taiwan, the latest in a string of hacks targeting the global SWIFT messaging system. “The likely culprit is Lazarus,&rdquo...

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Netflix subscriber adds beat estimates as original shows lure viewers

(Reuters) - Video-streaming pioneer Netflix Inc added more subscribers than expected in the third quarter as original shows such as the latest season of “Narcos” helped attract more viewers. The company’s shares, which touched a record high on Monday, rose nearly 2 percent to $206....

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Netflix subscriber adds beat St. as original shows pull in new viewers

(Reuters) - Video-streaming pioneer Netflix Inc added more subscribers than expected in the third quarter as original shows such as the latest season of “Narcos” helped attract more viewers. The company added 4.45 million subscribers in its international markets in the quarter ended Sept...

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Android co-creator's startup sued over connector technology

(Reuters) - Two of the best-known names in the smartphone hardware business are squaring off in court over new technology that allows phones to connect to devices like cameras without wires or metal connectors. Privately owned Keyssa Inc, backed by iPod co-creator Tony Fadell is suing Essential Prod...

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Adobe warns that hackers are exploiting its Flash software

TORONTO (Reuters) - Adobe Systems Inc warned on Monday that hackers are exploiting vulnerabilities in its Flash multimedia software platform in web browsers, and the company urged users to quickly patch their systems to prevent such attacks. The warning came after cyber security firm Kaspersky Lab I...

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Kaspersky finds bug in Adobe Flash

(Reuters) - Cyber security firm Kaspersky Lab Inc said on Monday it identified a vulnerability in Adobe Flash that could be used to deploy a surveillance malware through a Microsoft Word document. The bug was used in an attack on Oct. 10 by a group called the BlackOasis, Kaspersky said. Adobe said i...

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U.S. buyers favor iPhone 7 over 8: research

(Reuters) - Apple Inc’s older iPhone 7 models are outselling the recently launched iPhone 8 ahead of the early November debut of the premium iPhone X, broker KeyBanc Capital Markets said, citing carrier store surveys. Traditionally, new editions of the iPhone have sold quickly as fans queue fo...

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U.S. Supreme Court to decide major Microsoft email privacy fight

WASHINGTON (Reuters) - The U.S. Supreme Court on Monday agreed to resolve a major privacy dispute between the Justice Department and Microsoft Corp (MSFT.O) over whether prosecutors should get access to emails stored on company servers overseas. The justices will hear the Trump administration’...

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Researchers uncover flaw that makes Wi-Fi vulnerable to hacks

(Reuters) - Belgian researchers have discovered a flaw in a widely used system for securing Wi-Fi communications that could allow hackers to read information that was previously understood to be encrypted, or infect websites with malware, they said on Monday. Researchers Mathy Vanhoef and Frank Pies...

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Huawei aims to challenge Apple and Samsung on technology as well as price

LONDON/HONG KONG (Reuters) - China’s Huawei [HWT.UL] has unveiled a new line of smartphones that match or even improve on key features offered by Apple or Samsung while undercutting their rivals on price. Huawei aims to distinguish itself through technological advances that will put it on a le...

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JPMorgan launches payments network using blockchain technology

(Reuters) - JPMorgan Chase & Co said on Monday it launched a new payment processing network that uses blockchain technology, in partnership with Royal Bank of Canada and Australia and New Zealand Banking Group. Blockchain, a shared ledger of transactions maintained by a network of computers on t...

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Exclusive: T-Mobile, Sprint plan merger without selling assets

(Reuters) - T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the ...

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BlackBerry shares down after another top exec leaves

(Reuters) - BlackBerry’s (BB.N) (BB.TO) U.S.-listed shares fell almost 4 percent to $11.12 on Monday after a second senior executive from its licensing unit quit this month. Victor Schubert, a licensing director for BlackBerry, said on Friday he had left, following on the heels of Mark Kokes, ...

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German ambassador warns that internet controls could harm companies, isolate China

BEIJING (Reuters) - China’s internet restrictions have struck a “new blow” against foreign companies working there, Germany’s ambassador said on Monday, warning that such moves could undermine Beijing’s political and commercial ties with the world. China’s ongoing...

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Toyota to test self-driving, talking cars by about 2020

TOKYO (Reuters) - Toyota Motor Corp (7203.T) on Monday said it would begin testing self-driving electric cars around 2020, which will use artificial intelligence (AI) to engage with drivers, as the company competes with tech firms to develop new vehicles. The car, whose concept model was unveiled ea...

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