U.S. push for freer NAFTA e-commerce meets growing resistance

MEXICO CITY (Reuters) - A U.S. proposal for Mexico and Canada to vastly raise the value of online purchases that can be imported duty-free from stores like Amazon.com (AMZN.O) and eBay (EBAY.O) is emerging as a flashpoint in an upcoming renegotiation of the NAFTA trade deal. Vulnerable industries li...

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Hitachi says KKR puts on hold tender offer in planned $2.3 billion takeover of unit

TOKYO (Reuters) - Hitachi Ltd said on Wednesday that U.S. buyout firm KKR has put on hold a planned tender offer for its chip-making equipment and video solution unit, Hitachi Kokusai Electric, that had been scheduled for early August. KKR had announced on April 26 plans to buy 48.33 percent of Hita...

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Russia's Yandex sets up e-commerce venture with Sberbank

MOSCOW (Reuters) - Russia's biggest search engine Yandex said on Wednesday it would set up an e-commerce joint venture with Russia's biggest bank Sberbank on the Yandex.Market platform. Sberbank will invest 30 billion rubles ($500.87 million) into Yandex.Market, valuing it at 60 billion rubles, Yand...

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U.S. card firm Vantiv clinches $10 billion deal to buy Worldpay

LONDON (Reuters) - U.S. credit card processing company Vantiv moved closer to creating a $29 billion global payments powerhouse on Wednesday with a formal offer to buy Britain's Worldpay for 8 billion pounds ($10 billion). Although the deal was first announced on July 5, it has taken several weeks o...

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Japan Display to save $455 million a year from structural reforms

TOKYO (Reuters) - Japan Display Inc on Wednesday said it would reduce 50 billion yen ($455 million) in annual fixed costs through restructuring steps, including consolidating production sites and cutting jobs. The liquid crystal display (LCD) maker said it would cut about 3,500 jobs overseas and 240...

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Fidelity allows clients to see digital currencies on its website

NEW YORK (Reuters) - Fidelity Investments Inc has started allowing clients to use its website to view their holdings of bitcoin and other cryptocurrencies held through digital wallet provider Coinbase, the company said on Wednesday. The initiative, previously tested with the Boston-based money manag...

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Toshiba shares jump; sources say auditor seen signing off on results

TOKYO (Reuters) - Toshiba Corp's shares jumped more than 9 percent early on Wednesday after sources told Reuters the Japanese conglomerate's auditor was likely to sign off on its annual results. PricewaterhouseCoopers Aarata LLC will give a "qualified opinion" endorsing Toshiba's finances in the fin...

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HBO says probe of hack is ongoing

(Reuters) - HBO, the Time Warner Inc (TWX.N) cable network that broadcasts "Game of Thrones," confirmed on Tuesday that it was investigating a hack that it disclosed to employees 10 days ago. “The forensic review is ongoing," HBO said in an emailed statement, noting that it was working with cy...

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Critical Security Fixes from Adobe, Microsoft

Adobe has released updates to fix dozens of vulnerabilities in its Acrobat, Reader and Flash Player software. Separately, Microsoft today issued patches to plug 48 security holes in Windows and other Microsoft products. If you use Windows or Adobe products, it’s time once again to get you...

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Critical Security Fixes from Adobe, Microsoft

Adobe has released updates to fix dozens of vulnerabilities in its Acrobat, Reader and Flash Player software. Separately, Microsoft today issued patches to plug 48 security holes in Windows and other Microsoft products. If you use Windows or Adobe products, it’s time once again to get you...

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SoftBank invests $1 billion in sports e-commerce firm Fanatics: sources

SAN FRANCISCO (Reuters) - SoftBank Group Corp is investing $1 billion in Fanatics Inc as a part of a funding round that values the sports e-commerce company at $4.5 billion, according to sources familiar with the matter. The new funding is expected to close later this month, one of the people said, ...

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Artist targets Twitter with offline hate tweets

BERLIN (Reuters) - A German-Israeli artist who accuses Twitter of failing to delete hate speech tweets has taken matters into his own hands - by stencilling the offending messages on the road in front of the company's Hamburg headquarters. A post on video-sharing site YouTube showed Shahak Shapira a...

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U.S. to review Qualcomm's complaints about Apple iPhone patents

WASHINGTON (Reuters) - U.S. trade officials have agreed to investigate Qualcomm Inc's allegations that Apple Inc infringed on patents with its iPhone7 and other devices, the U.S. International Trade Commission said in a statement on Tuesday. The ITC said it will make its decision "at the earliest pr...

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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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Kids and Education

One of the most effective methods you can use to protect kids online is to talk to them. The younger you start talking to them, and they to you, the better. Hold regular conversations about online safety issues, even going so far as to show them actual negative events that have taken place. If you d...

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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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