WASHINGTON (Reuters) - The U.S. Federal Communications Commission is expected to publish on Thursday its December order overturning the landmark Obama-era net neutrality rules, two sources briefed on the matter said Tuesday.
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U.S. Attorney General Sessions forms cyber task force to probe election meddling
WASHINGTON (Reuters) - U.S. Attorney General Jeff Sessions has ordered the creation of a task force to examine how his Justice Department can better combat a wide cross-section of global cyber threats, including efforts to interfere with elections or damage critical infrastructure. The announcement ...
Bitcoin nearly doubles in value from year's low hit in early February
NEW YORK (Reuters) - Bitcoin hit a three-week high on Tuesday and has surged nearly 100 percent from its lowest level this year, as its recovery continued after South Korea’s financial regulator eased its stance on cryptocurrencies, weeks after it considered shutting down digital currency exch...
ING says cryptocurrency exchange Bitfinex has an account with it
AMSTERDAM (Reuters) - Dutch financial services company ING on Tuesday confirmed that Bitfinex, one of the largest exchanges for trading in cryptocurrencies such as Bitcoin, has a bank account with it in the Netherlands.
Amazon credit card adds Whole Foods to 5 percent cash back offer
LOS ANGELES (Reuters) - Amazon.com Inc on Tuesday extended its 5 percent cash back benefit for Prime service subscribers to shoppers at its newly acquired Whole Foods Market grocery chain. Roughly one year ago, the Amazon Prime Rewards Visa Card issued by Chase began offering eligible Prime members ...
Qualcomm deals blow to Broadcom's bid with sweetened NXP deal
(Reuters) - U.S. semiconductor company Qualcomm Inc (QCOM.O) on Tuesday unveiled a sweetened $44 billion agreement to acquire NXP Semiconductors NV (NXPI.O), its most defiant move in its defense against a hostile $121 billion bid from Broadcom Ltd (AVGO.O). The new deal puts pressure on Broadcom to ...
Lesser-known North Korea cyber-spy group goes international: report
FRANKFURT (Reuters) - A North Korean cyber espionage group previously known only for targeting South Korea’s government and private sector deepened its sophistication and hit further afield including in Japan and the Middle East in 2017, security researchers said on Tuesday. Cyber attacks link...
Xerox shareholders Icahn, Deason urge company to sell itself to rivals
(Reuters) - Xerox Corp shareholders Carl Icahn and Darwin Deason said on Tuesday the U.S. company should seek to sell itself to one of its rivals or a private equity firm. Xerox could combine with a competitor that is actually willing to pay a significant premium, or Japan's Fujifilm Holdings themse...
Medtronic quarterly revenue beats, margins disappoint
(Reuters) - Medical device maker Medtronic Plc’s quarterly revenue beat analysts’ expectations as new product launches drove sales across its business units, but weaker-than-expected margins clouded the earnings report. Sales in its biggest business, the cardiac and vascular unit that se...
Qualcomm gets hedge fund nod with raised offer for NXP
(Reuters) - U.S. chipmaker Qualcomm Inc (QCOM.O) raised its offer to buy NXP Semiconductors NV (NXPI.O) to $127.50 per share on Tuesday, and said it has the backing of the shareholder group led by hedge fund Elliott Management that opposed its previous proposal. The new deal puts pressure on fellow ...
Qualcomm raises offer for NXP, Elliott backs new bid
(Reuters) - U.S. chipmaker Qualcomm Inc (QCOM.O) raised its offer to buy NXP Semiconductors NV (NXPI.O) to $127.50 per share on Tuesday, and said it now has the backing of the shareholder group led by Elliott Management that opposed the previous proposal. Qualcomm said it needs to buy a minimum 70 p...
Medtronic quarterly profit meets expectations
(Reuters) - Largest U.S. standalone medical device maker Medtronic Plc reported a third-quarter profit in-line with analysts’ estimates, as sales across all its units, except the minimally invasive therapies business, grew. Sales in its cardiac and vascular unit — which sells defibrillat...
Medtronic posts loss due to $2.2 billion U.S. tax law charge
(Reuters) - Medtronic Plc reported a third-quarter loss on Tuesday, compared with a year-ago profit, hurt by a $2.2 billion charge related to recent changes in U.S. tax laws. The net loss attributable to Medtronic was $1.39 billion, or $1.03 per share, in the quarter ended Jan. 26, compared with a p...
Money Laundering Via Author Impersonation on Amazon?
Patrick Reames had no idea why Amazon.com sent him a 1099 form saying he’d made almost $24,000 selling books via Createspace, the company’s on-demand publishing arm. That is, until he searched the site for his name and discovered someone has been using it to peddle a $555 book that&rsquo...
Money Laundering Via Author Impersonation on Amazon?
Patrick Reames had no idea why Amazon.com sent him a 1099 form saying he’d made almost $24,000 selling books via Createspace, the company’s on-demand publishing arm. That is, until he searched the site for his name and discovered someone has been using it to peddle a $555 book that&rsquo...
Qualcomm raises offer for NXP to $127.50/share
(Reuters) - U.S. chipmaker Qualcomm Inc (QCOM.O) raised its offer to buy NXP Semiconductors NV (NXPI.O) to $127.50 per share from $110, after being pressured by shareholders led by activist hedge fund Elliott Management Corp. Qualcomm said it need to buy a minimum 70 percent of NXP’s outstandi...
Qualcomm to raise offer to buy NXP: WSJ
(Reuters) - U.S. chipmaker Qualcomm Inc raised its offer to buy NXP Semiconductors NV to $127.50 per share from $110, after being pressured by shareholders led by activist hedge fund Elliott Management Corp, the Wall Street Journal reported, citing people familiar with the matter. The raised offer v...
Japan's cryptocurrency exchanges to form new self-regulating body: sources
TOKYO (Reuters) - Sixteen Japanese cryptocurrency exchanges will fix plans as early as next week to create a self-regulating body in a bid to better safeguard investors after a $530 million digital money heist last month, two source familiar with the plan said. A plan to merge two separate industry ...
Language app Babbel translates European success to U.S. market
BERLIN (Reuters) - It might seem a tall order to persuade people to spend as much to learn a language on their smartphone as it costs to subscribe to a music streaming or video-on-demand service. But Berlin-based startup Babbel says that, after 10 years in business, it has finally cracked the U.S. m...
Malaysian firm adds Islamic certification to cryptocurrency
SYDNEY (Reuters) - Malaysia-based firm HelloGold has received a sharia-compliant certification for its gold-backed cryptocurrency and plans to launch its online gold platform in Thailand later this year, the company said. Its cryptocurrency product, dubbed GOLDX, was launched at the end of last year...
Uber CEO sees commercialization of flying taxis in 5-10 years
TOKYO (Reuters) - Uber Technologies Inc Chief Executive Officer Dara Khosrowshahi said on Tuesday he can see commercialization of the Uber Air flying taxi service happening within five to 10 years. The U.S. ride-hailing app maker has said it expects flying vehicles to eventually become an affordable...
Adecco buys digital recruitment firm Vettery, price not disclosed
ZURICH (Reuters) - Staffing company Adecco (ADEN.S) said on Tuesday it bought U.S.-based online recruitment platform Vettery for an undisclosed sum to increase its footprint in the digital permanent recruitment market. Vettery, founded in New York in 2014, connects over 4,000 employers with candidat...
Japan's Sony to form alliance to build taxi-hailing system
TOKYO (Reuters) - Sony Corp said on Tuesday it would become the latest blue-chip firm to jockey for position in Japan’s taxi and ride-hailing market, with plans for a joint venture to develop an artificial intelligence-based hailing system. Japan is seen as a potentially lucrative ride-hailing...
Samsung Electronics to slash OLED panel production as iPhone X demand disappoints: Nikkei
TOKYO (Reuters) - Samsung Electronics Co (005930.KS) will slash output of its organic light-emitting diode (OLED) panels in response to its customer Apple Inc’s (AAPL.O) decision to cut production of iPhone X amid weak demand, the Nikkei reported on Tuesday. Samsung Display now plans to make O...
Japan's Sony to form alliance to build taxi-hailing system: Nikkei
TOKYO (Reuters) - Sony Corp looks set to become the latest blue-chip firm to jockey for position in Japan’s taxi and ride-hailing market, with plans for a joint venture to develop an artificial intelligence-based hailing system, the Nikkei newspaper reported. Japan is seen as a potentially luc...
Israeli visual aid company OrCam valued at $1 billion
JERUSALEM (Reuters) - Israel’s OrCam, which has developed a visual aid for the blind, has completed a funding round that values the company at $1 billion, putting it on track for a planned initial public offering (IPO), its chief executive said on Tuesday. The company raised $30.4 million by s...
Japan's Sony Corp to form alliance to build taxi-hailing system: Nikkei
(Reuters) - Japan’s Sony Corp plans to form a joint venture to develop an artificial intelligence-based taxi-hailing system in Japan, the Nikkei Asian Review reported on Tuesday. Partners for the joint venture include Daiwa Motor Transportation, Hinomaru Kotsu, Kokusai Motorcars, Green Cab and...
BoE's Carney says Bitcoin has 'pretty much failed' as currency
LONDON (Reuters) - Bitcoin BTC=BTSP has failed as a currency measured by standard benchmarks, and is neither a store of value nor a useful way to buy things, Bank of England Governor Mark Carney said on Monday. “It has pretty much failed thus far on ... the traditional aspects of money. It is ...
Uber drops opposition to London language test
LONDON (Reuters) - Taxi app Uber [UBER.UL] is dropping a legal appeal against the introduction of more stringent English language tests for drivers in London after the city’s transport regulator said it would water down its stringent proposals. Uber took legal action in 2016 against Transport ...
U.N. chief urges global rules for cyber warfare
LISBON (Reuters) - U.N. Secretary General Antonio Guterres called on Monday for global rules to minimize the impact of electronic warfare on civilians as massive cyber attacks look likely to become the first salvoes in future wars.
