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  • Exclusive: Toshiba set to OK $5 billion injection Monday to stay listed-sources

    Reuters News: TOKYO (Reuters) – Toshiba Corp (6502.T) will decide on Monday to raise some $5 billion from overseas investors, allowing the troubled conglomerate to remain a publicly traded company even if the sale of a key business is delayed, two people with direct knowledge of the process said....
  • Wireless carriers on mute as Supreme Court hears big privacy case

    Reuters News: WASHINGTON (Reuters) – The U.S. Supreme Court is set to consider a major cellphone privacy case later this month, but leading players in the wireless industry that is at the center of the closely watched dispute are keeping their distance. FILE PHOTO: The Verizon logo is seen...
  • T-Mobile US to propose significant share buyback

    Reuters News: BARCELONA (Reuters) – T-Mobile US will propose a “significant” share buyback that could start in December, CFO Braxton Carter said on Thursday, a sign that the third biggest carrier in the United States is confident in its outlook after the collapse of a merger with Sprint Corp....
  • More cases against Google to come, EU commissioner says

    Reuters News: BEIJING (Reuters) – There are more cases against Alphabet Inc’s (GOOGL.O) Google to come, Margrethe Vestager, the European Commissioner for Competition, said on Wednesday during a trip to Beijing. The Google logo is pictured atop an office building in Irvine, California, U.S. August 7, 2017. REUTERS/Mike Blake...
  • Qualcomm rejects Broadcom's $103-billion takeover bid

    Reuters News: (Reuters) – Mobile chipmaker Qualcomm Inc on Monday rejected rival Broadcom Ltd’s $103-billion takeover bid, saying the offer undervalued the company and would face regulatory hurdles. Shares of Qualcomm were up 1.8 percent at $65.74 in early afternoon trading, while those of Broadcom were down 0.4 percent...
  • Uber board strikes agreement to pave way for SoftBank investment

    Reuters News: SAN FRANCISCO/NEW YORK (Reuters) – Uber Technologies Inc’s warring board members have struck a peace deal that allows a multibillion-dollar investment by SoftBank Group Corp to proceed, and which would resolve a legal battle between former Chief Executive Travis Kalanick and a prominent shareholder. A photo...
  • Amazon seeks staff in European insurance push

    Reuters News: LONDON (Reuters) – Amazon.com Inc is expanding its nascent European product insurance business, according to recent job adverts, which industry watchers say could signal the start of broader ambitions in insurance. The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, February...
  • Equifax profit falls as hacking costs take toll

    Reuters News: (Reuters) – Equifax Inc (EFX.N) on Thursday reported lower quarterly profit, and quarterly revenue missed estimates, as the credit bureau warned that its massive data breach had prompted some customers to hold back business. FILE PHOTO: Credit reporting company Equifax Inc. corporate offices are pictured in Atlanta,...
  • China electric car startup Nio raises over $1 billion from Tencent, others: sources

    Reuters News: HONG KONG (Reuters) – Chinese electric vehicle startup Nio has raised more than $1 billion in its latest fundraising round, led by existing investor Tencent Holdings Ltd, valuing the firm at about $5 billion, two people with knowledge of the matter said. FILE PHOTO: People gather at...