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Reuters Technology
Jul 21, 2018

Alibaba, Tencent in talks over stake in WPP's Chinese unit: Sky News
Chinese conglomerates Alibaba and Tencent are involved in talks to buy a minority stake in advertising giant WPP's Chinese unit, Sky News reported on Saturday, citing unidentified sources.

Reuters Technology
Jul 20, 2018

Cryptocurrency exchange Coinbase forms political action committee
Coinbase has formed a political action committee (PAC) to raise money to spend on U.S. elections, the cryptocurrency exchange said http://docquery.fec.gov/cgi-bin/forms/C00680355/1243300#SUMMARY in a filing made public on Friday.

Reuters Technology
Jul 20, 2018

Amazon, Toyota, Alcoa and others working to counter Trump's tariff plans
Big companies in the United States from Amazon.com Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration's trade policies and to head off new tariffs.

Reuters Technology
Jul 20, 2018

U.S. lawmakers cut anti-ZTE measure from defense bill
U.S. lawmakers cut measures from a defense bill that would have reinstated sanctions on China's ZTE Corp, abandoning an attempt to punish the company for illegally shipping U.S. products to Iran and North Korea.

Reuters Technology
Jul 20, 2018

U.S. lawmakers cut anti-ZTE measure from must-pass defense bill
U.S. lawmakers who reached an agreement on a must-pass defense bill cut from the legislation a measure that would have made it harder for the president to undo sanctions slapped on China's ZTE Corp , a top Democrat in the Senate said on Friday.

Reuters Technology
Jul 20, 2018

U.S. lawmakers cut anti-ZTE measure from must-pass bill: source
U.S. lawmakers who reached an agreement on a must-pass defense bill cut from the legislation a measure that would have made it harder for the president to undo sanctions slapped on China's ZTE Corp , a top Democrat in the Senate said on Friday.

Reuters Technology
Jul 20, 2018

Lawmakers cut anti-ZTE measure from must-pass bill: source
U.S. lawmakers who reached an agreement on a must-pass defense bill cut from the legislation a measure that would have made it harder for the president to undo sanctions slapped on China's ZTE Corp, a congressional source said on Friday.

Reuters Technology
Jul 20, 2018

Russian government: Telcoms face cost hike from new security law
Russian telecoms operators will have to ramp up charges by up to 10 percent to cover costs they will incur implementing new laws designed to give state security greater oversight over telecoms, according to an estimate from the main security agency.

Reuters Technology
Jul 20, 2018

GE beats on EPS but trims cash flow target; shares fall
General Electric Co reported a smaller-than-expected drop in profit on Friday, but cut a key financial target, raising questions about its full-year outlook and sending shares sharply lower.

Reuters Technology
Jul 20, 2018

India's Wipro sees strong demand for services from financial clients
Indian IT company Wipro Ltd said it was seeing strong demand for its services from clients in banking, financial services and insurance (BFSI), while it faces challenges in its India business and in the U.S. healthcare sector.

Reuters Technology
Jul 20, 2018

GE beats on EPS, but trims cash flow target, shares fall
General Electric Co reported a smaller-than-expected drop in profit on Friday, but cut a key financial target, raising questions about its outlook for the year and sending shares sharply lower.

Reuters Technology
Jul 20, 2018

Microsoft shares at all-time high after bumper results
Microsoft Corp shares rose about 5 percent to an all-time high on Friday, after investors cheered another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.

Reuters Technology
Jul 20, 2018

AT&T reveals three more cities for 5G launch by end of year
AT&T Inc on Friday named Oklahoma City, Charlotte and Raleigh, North Carolina, as three more cities where it plans launch its next-generation wireless network, or 5G, by the end of the year.

Reuters Technology
Jul 20, 2018

GE beats diminished profit expectations, trims cash flow target
U.S. industrial conglomerate General Electric Co reported a smaller-than-expected drop in quarterly profit on Friday as weakness in power and renewables energy offset gains in its aviation, oil and gas and healthcare units.

Reuters Technology
Jul 20, 2018

Microsoft soars past $800 billion in value after bumper results
Shares of Microsoft Corp were set to open at a record high on Friday, after the company reported another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.

Reuters Technology
Jul 20, 2018

India's Wipro first quarter profit beats estimates
India's Wipro Ltd beat first-quarter profit expectations on Friday buoyed by higher Banking, Financial Services and Insurance (BFSI) revenue.

Reuters Technology
Jul 20, 2018

GE quarterly profit drops 28 percent; cash flow target trimmed
U.S. industrial conglomerate General Electric Co reported a 28 percent drop in quarterly profit on Friday, as weakness in power and renewables energy offset gains in its aviation, oil and gas and healthcare units.

Reuters Technology
Jul 20, 2018

Cyberattack on Singapore health database steals details of 1.5 million, including PM
A major cyberattack on Singapore's government health database stole the personal information of about 1.5 million people, including Prime Minister Lee Hsien Loong, the government said on Friday.

Reuters Technology
Jul 20, 2018

India's Wipro first-quarter profit beats estimates
India's third-largest software services exporter Wipro Ltd reported a two percent rise in first-quarter net profit on Friday, beating estimates, helped by higher revenue from its Banking, Financial Services and Insurance business (BFSI).

Reuters Technology
Jul 20, 2018

GE quarterly profit drops 28 percent
U.S. industrial conglomerate General Electric Co reported a 28 percent drop in quarterly profit on Friday, as weakness in its power business offset gains in aviation and healthcare businesses.

Reuters Technology
Jul 20, 2018

SoftBank's Vision Fund to invest $1 billion in China AI startup: Bloomberg
SoftBank Group Corp's Vision Fund is seeking to invest almost $1 billion in SenseTime Group Ltd, a Chinese facial recognition technology developer, Bloomberg reported on Friday.

Reuters Technology
Jul 20, 2018

Apple Watch, FitBit could feel cost of U.S. tariffs
The latest round of U.S. tariffs on $200 billion of Chinese goods could hit the Apple Watch, health trackers, streaming music speakers and other accessories assembled in China, government rulings on tariffs show.

Reuters Technology
Jul 19, 2018

At patent trial, Groupon casts IBM as shaking down other tech companies
A lawyer for discount e-commerce company Groupon Inc told a court in Delaware on Thursday that International Business Machines Corp has shaken down practically every large tech firm for patent fees.

Reuters Technology
Jul 19, 2018

Microsoft beats Wall Street targets on cloud services revenue
Microsoft Corp on Thursday posted quarterly profit and revenue that beat analysts' estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite.

Reuters Technology
Jul 19, 2018

Microsoft beats Wall St targets on cloud services revenue
Microsoft Corp on Thursday posted quarterly profit and revenue that beat analysts' estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite.

Reuters Technology
Jul 19, 2018

Microsoft quarterly results beat as cloud revenue soars
Microsoft Corp on Thursday posted quarterly profit and revenue that beat analysts' estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite.

Reuters Technology
Jul 19, 2018

Meal delivery service DoorDash hires Uber finance head as CFO
Meal delivery service DoorDash Inc has hired Uber Technologies Inc's head of finance to be its chief financial officer, which could put the startup closer to an initial public offering and deals another executive loss to Uber.

Reuters Technology
Jul 19, 2018

Exclusive: Tesla's battery maker suspends cobalt supplier amid sanctions concern
Panasonic said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its concerns.

Reuters Technology
Jul 19, 2018

Fiat Chrysler kicks off Magneti Marelli spin-off
Fiat Chrysler (FCA) has kicked off its planned spin-off of parts maker Magneti Marelli which will be registered in the Netherlands and listed on the Milan stock exchange, a document outlining initial plans and seen by Reuters showed.

Reuters Technology
Jul 19, 2018

Tesla says Model 3 refunds not outpacing deposits
Tesla Inc denied on Thursday that refunds of bookings of its Model 3 sedan were now outpacing reservations, responding to a report earlier in the day by a Wall Street brokerage citing channel checks on the electric carmaker.

Reuters Technology
Jul 19, 2018

Exclusive: Britain says Huawei 'shortcomings' expose new telecom networks risks
Technical and supply-chain issues with equipment made by Chinese firm Huawei have exposed Britain's telecom networks to new security risks, a government report said on Thursday.

Reuters Technology
Jul 19, 2018

Veon cuts management in return to traditional telecoms model
Veon, the mobile phone operator formerly known as VimpelCom, said it would cut management jobs and simplify its structure as it goes back to basics with a focus on telecom services in emerging markets.

Reuters Technology
Jul 19, 2018

Huawei 'shortcomings' expose new security risks in UK telecom networks - government report
Problems with products made by China's Huawei Technologies have exposed new security risks in Britain's telecommunications network, a UK government report said on Thursday.

Reuters Technology
Jul 19, 2018

Leading U.S. coding boot camps Galvanize, Hack Reactor to merge
Denver-based computer coding training school Galvanize is to acquire competitor Hack Reactor in a deal that brings together two of the largest privately held coding boot camps, the two companies told Reuters.

Reuters Technology
Jul 19, 2018

Exclusive: Britain pulls back on security endorsement of China's Huawei - sources
Senior British security officials say they can give only limited assurances that Chinese firm Huawei's UK operations pose no threat to national security, downgrading their previous position, two people with knowledge of the matter told Reuters.

Reuters Technology
Jul 19, 2018

Comcast concedes to Disney in bidding war for Fox assets
Comcast Corp dropped its $66 billion bid for Twenty-First Century Fox Inc's entertainment assets on Thursday but said it would still try to buy European broadcaster Sky Plc to increase its international footprint.

Reuters Technology
Jul 19, 2018

Trump slams EU over $5 billion fine on Google
U.S. President Donald Trump on Thursday criticized the European Union and said the bloc was taking advantage of the United States, pointing to the record $5 billion fine European antitrust regulators imposed on Google.

Reuters Technology
Jul 19, 2018

Qualcomm disappointed with continuing EU probe into pricing case
U.S. chipmaker Qualcomm on Thursday expressed disappointment with EU antitrust regulators' decision to continue an investigation in a case where it has been accused of charging below cost prices to stymy British phone software maker Icera.

Reuters Technology
Jul 19, 2018

Comcast scraps Fox bid amid takeover battle with Disney
** Shares of Twenty-First Century Fox and UK's Sky dip after Comcast says abandons bid for Fox assets

Reuters Technology
Jul 19, 2018

Comcast drops pursuit for Fox assets, to focus on Sky offer
Comcast Corp has dropped its pursuit of a group of media assets owned by Twenty-First Century Fox Inc on which it was bidding against Walt Disney , and instead focus on its offer for European pay-TV group Sky Plc .

Reuters Technology
Jul 19, 2018

EU regulators charge Qualcomm with additional violation in pricing case
EU antitrust regulators on Thursday charged Qualcomm with a new violation in a case where the U.S. chipmaker has been accused of selling chipsets below cost to drive out Nvidia Corp unit and British phone software maker Icera.

Reuters Technology
Jul 19, 2018

Switzerland seeks to regain cryptocurrency crown
Swiss regulators are stepping up efforts to halt an exodus of cryptocurrency projects from the country, after two of only a handful of banks active in the nascent sector shut their doors on it in the last year.

Reuters Technology
Jul 19, 2018

SoftBank's Son says Japan is 'stupid' to disallow ride-sharing
SoftBank Group Corp Chief Executive Masayoshi Son blasted Japan on Thursday for not allowing ride-sharing services, calling it "stupid" and saying the country was lagging overseas rivals in areas such as artificial intelligence (AI).

Reuters Technology
Jul 19, 2018

Alphabet to deploy balloon Internet in Kenya with Telkom in 2019
Alphabet Inc's Loon said on Thursday it would deploy its system of balloons to beam high-speed Internet access with Telkom Kenya from next year to cover rural and suburban populations, marking its first commercial deal in Africa.

Reuters Technology
Jul 19, 2018

Amazon hands goodwill to eBay with move to shut Australians out of overseas sites
Australian home entertainment installer Paul Boon has relied for years on Amazon.com Inc's U.S. website for cheap wall racks and other parts to keep his costs down.

Reuters Technology
Jul 19, 2018

SoftBank's Son says Japan is 'stupid' for not allowing ride-sharing
SoftBank Group Corp Chief Executive Masayoshi Son slammed on Thursday the Japanese government's ride-sharing ban and said the country had fallen behind overseas rivals in areas such as artificial intelligence and fintech.

Reuters Technology
Jul 18, 2018

Speakers, TVs, Kleenex in demand on Amazon Prime Day
Online shoppers purchased more than 100 million products worldwide during Amazon.com Inc's annual Prime Day sale this week, despite glitches on its mobile app and websites that prevented several customers from placing orders.

Reuters Technology
Jul 18, 2018

EU order against Google opens new doors for mobile industry
A European Union antitrust judgment against Google on Wednesday invites more competition from software developers including Microsoft Corp , Amazon.com Inc and Samsung Electronics Co , but still leaves them at an disadvantage, industry executives and analysts told Reuters.

Reuters Technology
Jul 18, 2018

IBM gets boost from new businesses, tops estimates
International Business Machines Corp on Wednesday reported second-quarter profit and revenue that topped analysts' expectations as it benefited from growth in higher-margin businesses including cybersecurity and cloud computing.

Reuters Technology
Jul 18, 2018

EBay revenue misses as weak U.S. sporting season hits StubHub
EBay Inc missed analysts' estimates for second-quarter revenue on Wednesday, as its online ticket marketplace StubHub had a disappointing quarter, leading the e-commerce website to forecast underwhelming third-quarter results.

Reuters Technology
Jul 18, 2018

Microsoft's focus on cloud, partnerships paying off
In the elevator industry, breakdowns are bad for business.

Reuters Technology
Jul 18, 2018

EBay's third-quarter forecast misses estimates
EBay Inc forecast third-quarter profit below analysts' estimates on Wednesday as efforts to revamp its e-commerce platforms failed to impress investors.

Reuters Technology
Jul 18, 2018

British Airways says Heathrow flights hit by computer problems
British Airways canceled and delayed flights at London's Heathrow, Europe's biggest airport, on Wednesday due to problems with a supplier's IT systems, the airline said.

Reuters Technology
Jul 18, 2018

Europe hits Google with record $5 billion antitrust fine, appeal ahead
European antitrust regulators fined Google a record 4.34 billion euro ($5 billion) on Wednesday and ordered it to stop using its popular Android mobile operating system to block rivals, a ruling which the U.S. tech company said it would appeal.

Reuters Technology
Jul 18, 2018

IBM quarterly results top estimates
International Business Machines Corp on Wednesday reported second-quarter profit and revenue that topped analysts' expectations as it benefited from growth in higher-margin businesses including cybersecurity and cloud computing.

Reuters Technology
Jul 18, 2018

British Airways says computer problems affecting operations at Heathrow
British Airways said on Wednesday that its operations at London's Heathrow, Europe's biggest airport, were disrupted because of an issue with a supplier's IT systems.

Reuters Technology
Jul 18, 2018

Israel's Elbit on hunt for more takeovers
Israeli military electronics firm Elbit Systems, which has just completed two acquisitions in the United States and Israel, remains on the lookout for potential takeover targets in the United States and Europe, a top official said Wednesday.

Reuters Technology
Jul 18, 2018

U.S. tech enforcer says will read 'closely' EU statement on Google
The head of the U.S. Federal Trade Commission, which has investigated Alphabet's Google in the past for abuse of web dominance, said on Wednesday he would take a close look at Europe's recent decision to fine the company 4.34 billion euros ($5 billion).

Reuters Technology
Jul 18, 2018

Hyundai sets up showroom on Amazon
Hyundai Motor Co said on Wednesday it will set up a showroom on Amazon.com that will help car buyers book test drives, check dealer inventories and compare pricing and reviews.

Reuters Technology
Jul 18, 2018

Amazon.com's stock market value hits $900 billion, threatens Apple
Amazon.com's stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple as Wall Street's most valuable jewel.

Reuters Technology
Jul 18, 2018

America Movil says AT&T-Time Warner deal will not change Latam market
The CEO of America Movil, Latin America's largest telecommunications company by subscriber numbers, said on Wednesday that AT&T Inc's acquisition of Time Warner will do little to change the telecoms landscape in the region.

Reuters Technology
Jul 18, 2018

America Movil says still evaluating bid on Brazil's Cemig
America Movil, Latin America's largest telecoms firm by number of subscribers, said on Wednesday that it is still evaluating whether to participate in the sale of Brazil's Cemig Telecom.

Reuters Technology
Jul 18, 2018

Alibaba to buy minority stake in Focus Media to tap digital marketing
Chinese e-commerce giant Alibaba Group Holding Ltd on Wednesday said it has agreed to acquire a minority stake in China's Focus Media Information Technology Co Ltd to tap into the digital marketing sector.

Reuters Technology
Jul 18, 2018

Amazon in talks to invest in India's MedPlus: FactorDaily
Amazon.com Inc is in early talks to invest in Indian pharmacy chain MedPlus, Indian news website FactorDaily reported on Tuesday, citing sources.

Reuters Technology
Jul 18, 2018

Google, hit with record $5 billion EU antitrust fine, to appeal
EU antitrust regulators hit Google with a record 4.34 billion euro ($5 billion) fine on Wednesday for using its Android mobile operating system to squeeze out rivals, and Google said it would appeal.

Reuters Technology
Jul 18, 2018

Amazon sells more than 100 million products on Prime Day event
Amazon.com Inc said online shoppers purchased more than 100 million products worldwide during its Prime Day sale, despite glitches on its mobile app and websites that prevented customers from placing orders.

Reuters Technology
Jul 18, 2018

SAP sales software pitch gets high marks, execution now key
Germany-based SAP's late push into fast-growing sales and marketing software has won Europe's most valuable technology company plaudits from industry analysts. Now it must show it can deliver.

Reuters Technology
Jul 18, 2018

EU's fine on Google is 'excellent decision': French government
The French government said on Wednesday that it welcomed the record 4.34 billion euros ($5 billion) fine imposed on Google by European Union regulators, with a government spokesman describing it as an "excellent decision".

Reuters Technology
Jul 18, 2018

After record Google fine, EU's Vestager says she likes the U.S
EU Competition Commissioner Margrethe Vestager said she "very much liked" the United States, countering a reported remark by President Donald Trump that she "hated" the country because of her antitrust actions against U.S. firms.

Reuters Technology
Jul 18, 2018

Germany forces 1,050 Tesla owners to forgo electric car bonus
Germany's Federal Office for Economic Affairs and Export Control said 1,050 owners of a Tesla Model S will be forced to forgo a 2,000 euro electric car subsidy because the value of their vehicles had surpassed an eligibility threshold.

Reuters Technology
Jul 18, 2018

Google hit with record $5 billion EU antitrust fine
EU regulators hit Google with a record 4.34 billion euros ($5 billion) antitrust fine on Wednesday for using its Android mobile operating system to squeeze out rivals.

Reuters Technology
Jul 18, 2018

Google says will appeal EU fine
Google said it will appeal against a record 4.34-billion-euro ($5.04 billion) fine levied by EU antitrust regulators on Wednesday over illegal restrictions on Android smartphone makers and mobile network operators.

Reuters Technology
Jul 18, 2018

Uber hires former adviser to David Cameron to lead lobbying in northern Europe
Uber Technologies has hired an ex-adviser to former British prime minister David Cameron to lead the ride-hailing firm's lobbying efforts in northern Europe, less than a month after the company won a reprieve to operate in London.

Reuters Technology
Jul 18, 2018

Google's antitrust cases in Europe
BRUSSELS - Alphabet unit Google was hit with a record-breaking 4.34 billion euro ($5.04 billion) fine on Wednesday, topping the 2.4 billion euros it was ordered to pay in another case last year.

Reuters Technology
Jul 18, 2018

EU regulators fine Google record $5 bln in Android case
EU antitrust regulators levied a record 4.34-billion-euro($5.04 billion) fine against Google on Wednesday for illegal restrictions on Android smartphone makers and mobile network operators.

Reuters Technology
Jul 18, 2018

Grab to set up artificial intelligence lab with Singapore university
Southeast Asia's Grab is jointly investing S$6 million ($4.4 million) with the National University of Singapore to launch an artificial intelligence (AI) laboratory to help improve the efficiency and utilization of vehicles on its platform.

Reuters Technology
Jul 18, 2018

EU to hit Google with 4.3 billion euro fine in Android case: source
EU antitrust regulators will on Wednesday levy a 4.3-billion-euro ($5 billion) on Google for using its dominant Android mobile operating system to block rivals, a person familiar with the matter said.

Reuters Technology
Jul 18, 2018

India's online ticketing portal BookMyShow raises $100 million funding
Bigtree Entertainment Pvt Ltd, owner of online movie and events ticketing portal BookMyShow, on Wednesday said it has raised $100 million in its latest round of funding from a group of investors.

Reuters Technology
Jul 18, 2018

EU expected to fine Google $5 billion over Android: Bloomberg
Alphabet Inc's Google is expected to be fined a record 4.3 billion euros ($5.00 billion) by the European Union over its Android system, Bloomberg reported on Wednesday.

Reuters Technology
Jul 18, 2018

Google launches game on Tencent's Wechat as it eyes China market
Alphabet Inc's Google said on Wednesday it has launched an artificial intelligence (AI) game on Tencent Holdings Ltd social media app WeChat, as the company continues to show tentative signs of re-entering China's consumer market.

Reuters Technology
Jul 18, 2018

Uber says it has invested $500 million in Mexico since 2013
Uber Technologies Inc said on Tuesday that it has invested more than $500 million in Mexico since it launched there in 2013, underscoring the country's importance to the ride-hailing firm as it faces new competition.

Reuters Technology
Jul 17, 2018

America Movil's second-quarter net profit plummets on currency losses
Mexico's America Movil, the largest telecommunications firm in Latin America by number of subscribers, saw its net profit slide 94 percent in the second quarter, hammered by currency-related swings.

Reuters Technology
Jul 17, 2018

TV streaming services overtake pay-TV in Britain: Ofcom
The number of Britons subscribing to TV services like Netflix, Amazon and Sky's NOW TV, has overtaken traditional satellite and cable TV for the first time, media regulator Ofcom said on Wednesday.

Reuters Technology
Jul 17, 2018

America Movil net profit plummets in second quarter
America Movil, Latin America's largest telecommunications firm by number of subscribers, reported second-quarter net profit of 818 million pesos ($41.2 million), down 94.3 percent from the same period last year.

Reuters Technology
Jul 17, 2018

Toshiba may face renewed shareholder accounting claims: U.S. appeals court
A U.S. appeals court gave investors in Toshiba Corp's U.S.-listed securities another chance to show they suffered losses because the Japanese industrial conglomerate misled them about its internal controls before a 2015 accounting scandal.

Reuters Technology
Jul 17, 2018

Social media companies defend filtering practices before Congress
Facebook Inc , Alphabet Inc and Twitter Inc told a U.S. House panel on Tuesday that the social media companies are not discriminating against content for political reasons.

Reuters Technology
Jul 17, 2018

EU's Vestager to brief Google CEO ahead of record Android fine: source
EU antitrust chief Margrethe Vestager will brief Google CEO Sundar Pichai by telephone later on Tuesday on her ruling on the company's Android mobile operating system, a person familiar with the matter said.

Reuters Technology
Jul 17, 2018

Egypt targets social media with new law
Egypt's parliament has passed a law giving the state powers to block social media accounts and penalize journalists held to be publishing fake news.

Reuters Technology
Jul 17, 2018

JPMorgan Chase invests in artificial intelligence startup Volley
JPMorgan Chase & Co has made a strategic investment in Volley.com, a San Francisco-based startup that uses artificial intelligence to help large enterprises automatically generate training content for employees, the companies said on Tuesday.

Reuters Technology
Jul 17, 2018

Tesla Model 3 is most profitable electric car: consultant
The Tesla Inc Model 3 sedan is the most profitable electric car in the automotive industry, according to the head of a top automotive consultant.

Reuters Technology
Jul 17, 2018

Alphabet's GV leads $16 million investment in site rental firm Peerspace
Alphabet Inc's venture capital unit GV led a $16 million investment this month in Peerspace Inc, a self-serve online booking tool for event spaces, the firms told Reuters on Tuesday.

Reuters Technology
Jul 17, 2018

Netflix shares take hit as subscriber slip hints at 'lumpy' road ahead
Shares of Netflix Inc headed for their worst day in two years on Tuesday, falling as much as 14 percent after reporting a surprise shortfall in new subscribers in a quarter marked by the lack of a blockbuster new show and World Cup soccer.

Reuters Technology
Jul 17, 2018

Exclusive: Kenya's Safaricom taking M-Pesa to Ethiopia, sources say
Kenya's Safaricom is in advanced talks with the Ethiopian government to introduce its popular M-Pesa mobile money service, a major step towards establishing a toe-hold in the market of 100 million people, two sources said on Tuesday.

Reuters Technology
Jul 17, 2018

Cryptocurrency firm Stellar gets Islamic finance certification
California-based Stellar has received certification from Islamic scholars for its blockchain platform and related cryptocurrency, aiming to integrate the technology into the field of sharia-compliant financial products.

Reuters Technology
Jul 17, 2018

Amazon, MLB add machine-learned stats to cloud deal
Amazon.com Inc will provide a new set of real-time statistics and graphics on live baseball games later this season, expanding its cloud computing deal with U.S. Major League Baseball, the two organizations told Reuters.

Reuters Technology
Jul 17, 2018

Netflix subscriber slip hints at 'lumpy' road ahead
Shares of Netflix Inc fell 13 percent on Tuesday after it reported a surprise shortfall in subscriber additions for a second quarter marked by the lack of a blockbuster new show and the soccer World Cup.

Reuters Technology
Jul 17, 2018

Insider threat management firm ObserveIT raises $33 million
ObserveIT, a provider of insider threat management software, said on Tuesday it raised $33 million in a private funding round with participation from Bain Capital Ventures and Spring Lake Equity Partners.

Reuters Technology
Jul 17, 2018

IBM partners Stronghold for new digital stable coin
International Business Machines Corp is backing a new cryptocurrency pegged to the U.S. dollar, in a partnership with U.S.-based financial services provider Stronghold that adds stability to a sector known for its volatility, the companies said.

Reuters Technology
Jul 17, 2018

Exclusive: Kenya's Safaricom in 'advanced talks' to take M-Pesa to Ethiopia
Kenya's Safaricom is in "advanced talks" with the Ethiopian government to introduce its popular M-Pesa mobile money service to neighboring Ethiopia, a market of 100 million people, two sources said on Tuesday.

Reuters Technology
Jul 17, 2018

U.S. lawmakers urge Google, Facebook to resist Vietnam cybersecurity law
Seventeen U.S. lawmakers have urged the CEOs of Facebook and Google to resist changes stipulated by a new cybersecurity law in Vietnam, which critics say gives the Communist-ruled state more power to crackdown on dissent.

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