Bitcoin blow as fund drops U.S. exchange application

(Reuters) - An effort to allow investors to trade digital currencies as easily as stocks in the United States stumbled when the backer of a bitcoin fund said an application to list on an exchange had been withdrawn. Grayscale Investments LLC said Intercontinental Exchange Inc’s (ICE.N) NYSE Ar...

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Toshiba signs deal to sell chip unit to Bain-led group for $18 billion

TOKYO (Reuters) - Toshiba Corp has signed a deal to sell its chip unit to a consortium led by Bain Capital LP for 2 trillion yen ($18 billion), overcoming a key hurdle as it scrambles for funds to stave off a potential delisting. Toshiba’s board agreed last week to sell the unit, the world&rsq...

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In France, Snap's Discover news feature gets 10 million monthly users

(Reuters) - Snap Inc, searching for ways to reinvigorate a slowing growth rate and increase advertising revenue for its Snapchat messaging app, said this week it has racked up 10 million users for its Discover news and video feature in France a year after launching there. The figure, which has not p...

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U.S. senators announce deal on self-driving car legislation

WASHINGTON (Reuters) - Two U.S. senators said late on Wednesday that they had reached a bipartisan deal on legislation aimed at easing hurdles to getting self-driving cars to drivers. U.S. Senator John Thune, a Republican who chairs the Commerce Committee, and Senator Gary Peters, a Michigan Democra...

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Facebook, Google, Twitter asked to testify on Russian meddling

WASHINGTON (Reuters) - Executives from Facebook (FB.O), Alphabet Inc’s (GOOGL.O) Google and Twitter (TWTR.N) have been asked to testify to the U.S. Congress in coming weeks as lawmakers probe Russia’s alleged interference in the 2016 U.S. election, committee sources said on Wednesday. A ...

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Facebook's Zuckerberg defends company after critical Trump tweet

(Reuters) - Facebook Inc’s (FB.O) CEO Mark Zuckerberg on Wednesday defended his company’s role in U.S. elections and rejected assertions in a tweet from U.S. President Donald Trump that the social network was against him. Zuckerberg has been on the defensive for weeks over revelations th...

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Tech executives to testify at U.S. Congress' Russia hearings

WASHINGTON (Reuters) - Executives from Facebook, Alphabet Inc’s Google and Twitter will appear in the U.S. Congress in the coming weeks as lawmakers probe Russia’s alleged interference in the 2016 U.S. election, committee sources said on Wednesday. A Senate aide said executives from the ...

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Exclusive: Royal Bank of Canada using blockchain for U.S./Canada payments - executive

TORONTO (Reuters) - Royal Bank of Canada (RY.TO) is experimenting with blockchain to help move payments between its U.S. and Canadian banks, one of the bank’s senior executives told Reuters on Thursday. Martin Wildberger, RBC’s executive vice president for innovation and technology, said...

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Microsoft search engine Bing to focus on PC search market: CEO

NEW YORK (Reuters) - Microsoft Corp Chief Executive Officer Satya Nadella said on Wednesday the company’s search engine, Bing, will focus on expanding in the PC search market after losing its deal with Apple Inc’s Siri. “Bing is a big business growing at a strong double-digit rate,...

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House panel to hold hearing with tech companies on Russia

WASHINGTON (Reuters) - The U.S. House of Representatives Intelligence Committee said on Wednesday it would hold an open hearing with technology companies as part of its investigation into alleged Russian interference in the 2016 U.S. election. “In the coming month, we will hold an open hearing...

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U.S. trade body will probe Sharp-Hisense patent dispute

WASHINGTON (Reuters) - The U.S. International Trade Commission has agreed to probe certain Wi-Fi enabled devices and their parts after Japan’s Sharp Corp accused China’s Hisense Group Co Ltd of infringing its patents, the body said on Wednesday. The investigation, which Sharp requested i...

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Facebook says deleted many fake accounts in German campaign

FRANKFURT (Reuters) - Facebook said on Wednesday its efforts to fight fake news during Germany’s national elections included taking down tens of thousands of fake profiles in the final month of the campaign. Richard Allan, Facebook’s vice president of public policy for Europe, Middle Eas...

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Uber to shutter its U.S. auto-leasing business

(Reuters) - Ride-hailing firm Uber Technologies Inc [UBER.UL] on Wednesday said it is shutting down its U.S. auto-leasing business. “We have decided to stop operating Xchange Leasing and move toward a less capital-intensive approach,” an Uber spokesperson told Reuters. The Xchange Leasin...

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Exclusive: N.Y. regulator subpoenas Equifax over massive breach

NEW YORK (Reuters) - New York state’s financial services regulator has issued a subpoena to Equifax Inc (EFX.N) demanding it provide more information about the massive data breach the credit-reporting firm disclosed this month, a person familiar with the matter said on Wednesday. New York&rsqu...

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Trump slams Facebook as lawmakers await ads amid Russia probe

WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday criticized Facebook Inc (FB.O) as “anti-Trump” and questioned its role during the 2016 presidential campaign, amid probes into alleged Russian interference in the election and possible collusion by Trump’s associates. ...

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Google to treat shopping rivals equally, in line with EU order

BRUSSELS (Reuters) - Google will treat its own shopping service the same as rivals when they bid for ads at the top of a search page, the company said on Wednesday, as it seeks to comply with an EU antitrust order and stave off fresh fines. The European Commission slapped a record 2.4-billion-euro (...

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Google says will treat comparison shopping rivals equally

BRUSSELS (Reuters) - Alphabet unit Google will treat its shopping service the same as rivals when they bid for ads at the top of a search page, the company said on Wednesday, as it seeks to comply with an EU antitrust order and stave off fresh fines. The European Commission slapped a record 2.4-bill...

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U.S. lawmakers ask Facebook, Twitter for information on anti-fracking ads

WASHINGTON (Reuters) - A U.S. House committee investigating whether Russia has tried to influence U.S. public opinion on fossil fuels asked Facebook (FB.O), Twitter (TWTR.N) and Alphabet (GOOGL.O) on Wednesday to turn over information about Russian entities that may have bought anti-fracking adverti...

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Exclusive: Spotify's valuation turned up to $16 billion in private trades - sources

LONDON/STOCKHOLM (Reuters) - Private trades in Spotify shares are valuing the music streaming company at about $16 billion, according to people familiar with the deals, raising the prospect of a bumper flotation next year. That is around $3 billion higher than in similar trades up until June, the pe...

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Trump criticizes Facebook, questions its role during campaign

WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday criticized Facebook Inc (FB.O) as “anti-Trump” and questioned its role during the 2016 presidential campaign, amid ongoing probes into alleged Russian interference in the election and possible collusion by Trump’s asso...

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Europol: Ransomware top threat in 2017 cybercrime 'epidemic'

THE HAGUE (Reuters) - Ransomware eclipsed most other forms of cybercrime as on-line crime surged in 2017, European policing agency Europol said on Wednesday, citing high-profile attacks such as “WannaCry” that reached millions of computers. Europol coordinated several successful cross-bo...

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Greek central bank dismisses Anonymous hacking claim

ATHENS (Reuters) - Greece’s central bank dismissed claims by hacking group Anonymous that it had accessed confidential internal files, saying on Wednesday the material was already in the public domain. Anonymous responded by warning that it was merely testing out the bank’s defenses and ...

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Uber defends business model at UK tribunal on worker rights

LONDON (Reuters) - Uber went to a British employment appeal tribunal on Wednesday to argue its drivers are self-employed, not workers entitled to a range of extra benefits, less than a week after the firm was told it would lose its London license. The U.S. ride-hailing service has faced regulatory a...

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Uber seeks UK chairman as threats to its business mount

LONDON (Reuters) - Taxi hailing app Uber said on Wednesday it had hired a headhunter to fill a new position of UK chairman, as part of a process which began weeks before London’s transport authority stripped it of its license. The non-executive position would bolster the taxi app just as it fi...

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Samsung scion Jay Y. Lee set to begin appeal

SEOUL (Reuters) - Samsung Electronics Vice Chairman Jay Y. Lee on Thursday will begin an appeal of his five-year jail term for corruption, in a case highlighting South Korea’s issues with the family-run conglomerates that dominate the economy. A lower court last month convicted the 49-year-old...

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Amazon says Google has pulled YouTube from Echo Show device in tech face-off

SAN FRANCISCO (Reuters) - In a rare public feud between large technology companies, Amazon.com Inc said on Tuesday its Echo Show devices could no longer play videos from YouTube because the site’s parent, Google, stopped supporting the service. The spat is the latest in Silicon Valley in which...

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Ford, Lyft will partner to deploy self-driving cars

DETROIT (Reuters) - Ford Motor Co said on Wednesday it will collaborate with Lyft to deploy Ford self-driving vehicles on the ride services company’s network in large numbers by 2021. Ford and Lyft teams will begin working together to design software to allow Ford vehicles to communicate with ...

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Fast-food runner Sonic notified of unusual credit card activity

(Reuters) - U.S. fast-food chain operator Sonic Corp said on Tuesday it had been notified of unusual activity regarding credit cards used at its drive-in outlets. Sonic’s credit card processor informed the company earlier this week of the activity, which could have affected an unknown number o...

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Fast-food runner Sonic's payment systems breached: KrebsOnSecurity

(Reuters) - U.S. fast-food chain operator Sonic Corp has acknowledged a breach affecting an unknown number of store payment systems, KrebsOnSecurity reported on Tuesday. The cyber security blog said that millions of credit and debit card numbers were being sold on underground exchanges. (bit.ly/2xve...

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U.S. picks companies to help make rules for advanced personal health monitors

(Reuters) - Digital devices designed to monitor the wearer’s health in much greater detail than current models will need regulatory approval, and Apple Inc, Fitbit Inc and seven other companies will take part in a program to speed the approval process, the U.S. health regulator said on Tuesday...

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