Google announces patent agreement with Tencent amid China push

BEIJING (Reuters) - Alphabet Inc’s Google has agreed to a patent licensing deal with Tencent Holdings Ltd as it looks for ways to expand in China where many of its products, such as app store, search engine and email service, are blocked by regulators. The U.S. technology company has signed si...

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SEC says bitcoin funds raise 'investor protection issues'

(Reuters) - The U.S. securities regulator on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry they want answers to their concerns before endorsing more than a dozen proposed products based on cryptocurrencies. A top division chief at the U.S. Securities...

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South Korean group files complaint against Apple CEO over iPhone slowdown

SEOUL (Reuters) - A South Korean consumer group has filed a criminal complaint against Apple Inc CEO Tim Cook over slower iPhone devices, after probes in Europe into allegations the firm had deliberately shortened the life of its handsets. Apple is already facing lawsuits in the United States and el...

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SoftBank is now Uber's largest shareholder as deal closes

SAN FRANCISCO (Reuters) - A group of investors led by SoftBank Group Corp (9984.T) closed a deal with Uber Technologies Inc [UBER.UL] on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber. The deal includes a large...

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IBM returns to growth after six years, but dour forecast hits shares

(Reuters) - International Business Machines Corp’s (IBM.N) revenue rose for the first time in 23 quarters, beating analysts’ estimates, but the company warned that a higher tax rate this year would eat into its profit. IBM’s shares, which have rallied 10 percent so far this year on...

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IBM returns to growth, but shares drop after recent rally

(Reuters) - International Business Machines Corp’s (IBM.N) revenue rose for the first time in 23 quarters and beat analysts’ estimates as the company’s shift into its focus areas such as cloud computing and security services gains traction. IBM’s shares tumbled about 4 percen...

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Amazon's review of Toronto could escalate tension with Trump

TORONTO (Reuters) - Amazon.com Inc’s inclusion of Canada’s largest city on a list of 20 finalists for a massive new campus could escalate tensions between the tech giant and U.S. President Donald Trump. Amazon said on Thursday that Toronto and 19 U.S. locales made the first cut in a cont...

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Apple to release software update to resolve iPhone slowdown: CEO

(Reuters) - Apple Inc will release a software update that will allow users to turn off a feature that slows down iPhones when batteries are low on charge, Chief Executive Tim Cook told ABC News. Apple will release a test version of its iOS software next month that shows users the health of their bat...

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Senate passes bill renewing internet surveillance program

WASHINGTON (Reuters) - The U.S. Senate on Thursday passed a bill to renew the National Security Agency’s warrantless internet surveillance program for six years with minimal changes, overcoming objections from civil liberties advocates that it undermined the privacy of Americans. The legislati...

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Fears of global crackdown fail to dampen cryptocurrency interest

MIAMI (Reuters) - Worries about a crackdown by global regulators on cryptocurrency trading could slow the pace of bitcoin’s rise but should not threaten its existence, investors and market participants at a cryptocurrency conference said on Thursday. At the North American Bitcoin Conference in...

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Uber-SoftBank deal has closed, making SoftBank largest shareholder

SAN FRANCISCO (Reuters) - A group of investors led by SoftBank Group Corp (9984.T) closed a deal with Uber Technologies Inc on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber. The SoftBank-led deal includes a la...

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Spotify launches visual content in multimedia push ahead of IPO

(Reuters) - Music streaming company Spotify launched a feature that will allow listeners to see stories, news and other content through photos, videos and text, the company said on Thursday, expanding beyond music ahead of taking itself public. The feature, called 'Spotlight', will have content from...

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Senate passes bill renewing NSA's internet surveillance program

WASHINGTON (Reuters) - The U.S. Senate on Thursday passed a bill to renew the National Security Agency’s warrantless internet surveillance program for six years and with minimal changes, overcoming objections from civil liberties advocates that it did too little to safeguard the privacy of Ame...

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Amazon shortlists 20 cities, including Toronto, for second headquarters

(Reuters) - Amazon.com Inc (AMZN.O) has short-listed 20 cities and regions, including Canada’s Toronto, for the construction of a second headquarters that it says will generate 50,000 new, high-paying jobs in a $5 billion investment. Major U.S. centers including New York City, Los Angeles, Chi...

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Eni launches world's biggest industrial supercomputer

MILAN (Reuters) - Italian oil and gas group Eni said on Thursday it had installed new capacity at its supercomputing centre near Milan to create the world’s most powerful industrial computer. The new capacity quadruples the group’s computing power, allowing it to process up to 22.4 quadr...

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WhatsApp inches closer to revenue plan with accounts for businesses

SAN FRANCISCO (Reuters) - Messaging application WhatsApp said on Thursday that it would begin allowing business accounts for the first time, a step that brings the free service closer to a plan that would make money for its corporate parent, Facebook Inc (FB.O). Some businesses already use WhatsApp,...

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Reedeux Media seeks IPO after first coin offering sells out

(Reuters) - U.S. tech startup Reedeux Media said it plans to list on the Nasdaq exchange later this year, seeking a valuation of up to $1 billion after selling out the first tranche of its media cryptocurrency coin offering on Thursday. Reedeux, which has an app that allows consumers to instantly bu...

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Amazon shortlists 20 cities for second headquarters

(Reuters) - Amazon.com Inc (AMZN.O) has short-listed 20 cities and regions, including one in Canada, for the construction of a second headquarters that it says will generate 50,000 new, high-paying jobs. Major U.S. centers including New York City, Los Angeles, Chicago and Washington D.C. were on the...

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Schneider Electric says software bug exploited in watershed hack

TORONTO (Reuters) - Schneider Electric SE disclosed on Thursday that hackers exploited a flaw in its software in a watershed hack discovered last month that halted plant operations at an industrial facility. Schneider security officials told Reuters that they are working on a software update to fix ...

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Apple's U.S. tax payment does not change EU's Irish tax ruling

BRUSSELS (Reuters) - Apple’s (AAPL.O) announcement that it will pay $38 billion in U.S. tax on its overseas cash will not reduce the $16 billion tax bill the company owes Ireland following a European Union ruling, the EU’s executive said on Thursday. “Nothing has changed,” a ...

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Amazon shortlists 20 metro areas for second headquarters

(Reuters) - Amazon.com Inc said it has short-listed 20 metropolitan areas, including one in Canada, to build its second headquarters after reviewing 238 proposals. The largest e-commerce company said it would work with each of the candidate locations to get more information and evaluate the feasibil...

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Swiss task force to look into blockchain oversight

ZURICH (Reuters) - Switzerland has set up a working group to look into oversight of blockchain technology and initial coin offerings (ICOs) and report back to the government by the end of this year. The move comes as authorities cast a sharper eye on new such crowdfunding methods, which has let digi...

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Goldman Sachs, Wells Fargo and others invest $38 million in research tech startup

NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N) has led a $38 million investment round by large banks in Visible Alpha, a young New York-based company that helps investment managers better value the equity research services they receive from brokers. Wells Fargo & Co (WFC.N), Banco Santander...

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Ransomware

What Is Ransomware? Ransomware is a special type of malware that is actively spreading across the Internet today, threatening to destroy victim’s documents and other files. Malware is software--a computer program--used to perform malicious actions. While ransomware is just one of many differen...

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Old hands in South Korea Bitcoin market unfazed by threats of ban

SEOUL/HONG KONG (Reuters) - Threats of a potential cryptocurrency trading ban in South Korea have scared many investors away, but some veterans of the young market are defiant, saying restrictions would be relatively easy to circumvent. Although the cryptocurrency market lost about $200 billion this...

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Intel: Problem in patches for Spectre, Meltdown extends to newer chips

(Reuters) - Data center computers with Intel Corp’s (INTC.O) newer chips might reboot more often than normal because of problems with the patches issued to fix the so-called Spectre and Meltdown security flaws, the company said on Wednesday. Intel confirmed that patches for the security flaws ...

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Verizon says new U.S. tax law to increase fourth-quarter earnings

NEW YORK (Reuters) - Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion. The reduction will increase earnings for the fourth...

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Verizon says new U.S. tax law to increase 4th-qtr earnings

NEW YORK (Reuters) - Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion. The reduction will increase earnings for the fourth...

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Verizon says new tax law to increase fourth-quarter earnings

NEW YORK (Reuters) - Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion. The reduction will increase earnings for the fourth...

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Apple plans new U.S. campus, to pay $38 billion in foreign cash taxes

(Reuters) - Apple Inc (AAPL.O) will open a new campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Don...

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