7 years ago035SAN FRANCISCO (Reuters) - A potential flood of newly available Snap shares is weighing on Wall Street's already shaky support for the owner of the Snapchat social media app.
Snap's (SNAP.N) shares fell as much as 1.7 percent on Thursday as analysts focused on the expiry of lock-up periods starting at the end of July, when insiders and...
7 years ago082(Reuters) - The RadioShack brand will live on after a family office already owed $23 million by the bankrupt U.S. electronics chain agreed to assume ownership of it, as no other buyers submitted better bids this week, people familiar with the matter said.
An affiliate of Kensington Capital Holdings, a family office based in the suburbs...
7 years ago074(Reuters) - Facebook Inc (FB.O) is in early talks with several news publishers about how its social media site can better support subscription business models, the company's head of news partnerships, Campbell Brown, said in a statement on Wednesday.
The statement comes a day after TheStreet reported that Facebook plans to launch a...
7 years ago067MEXICO CITY (Reuters) - Samsung Electronics Co Ltd and America Movil, the telecoms company controlled by Mexican billionaire Carlos Slim, said on Tuesday they had signed an agreement to provide the latest technology to Latin American consumers.
The aim of the partnership is to deliver the 4.5G network in Mexico and other Latin American...
7 years ago069SAN FRANCISCO (Reuters) - Amazon.com Inc (AMZN.O) has done away with a controversial clause in its cloud computing contracts that prohibited customers from suing the company over patent infringement, according to an updated version of the Amazon Web Services customer agreement released on Thursday.
The so-called “non-assert” clause...
7 years ago094(Reuters) - Traditionally buttoned-up Wall Street bank Goldman Sachs Group Inc (GS.N) has relaxed the dress code for its computer engineers in a bid to attract tech talent with a more casual environment.
The fifth-largest U.S. bank by assets told employees in its technology division to "exercise judgment in determining when to adapt to...
7 years ago040Facebook Inc said on Tuesday that it was testing advertising on its Messenger app globally as the world's largest social media company looks to further monetize its popular chat service.
Ads will be displayed on the home tab of the Messenger app, Facebook said, adding that users clicking on the ads will either be taken to the...
7 years ago056Twitter Inc (TWTR.N), in its latest step to curb abusive behavior on its platform, rolled out new features on Monday to help users disable notifications from accounts that they want to avoid.
The microblogging website said its "advanced filter settings" will now have options for users to mute notifications from accounts that they do...
7 years ago071German firms have lost millions of euros to organized crime in a scam dubbed "CEO Fraud" that uses faked memos from top executives to entice accounting personnel to transfer funds, Germany's federal cyber agency said on Monday.
The BSI agency said officials investigating the new scam had secured a list of 5,000 potential targets, and...
7 years ago063A technical glitch shut down India's National Stock Exchange (NSE) for five hours on Monday, dealing the country's biggest stock market an embarrassing blow ahead of its plans to list and leading to a surge in volumes on a rival bourse.
Trading resumed fully later on Monday, with quotes for individual stocks finally restored with just...
7 years ago038As the $18 billion sale of Toshiba Corp's memory chip unit to a government-approved consortium falters, some bankers and potential investors are pressing the board to seriously consider alternatives, people with direct knowledge of the sale process said - including picking a new buyer.
Those people say Toshiba's leadership is sticking...
7 years ago052Chinese bike-sharing start-up Ofo said on Thursday it has raised more than $700 million in its latest funding round that was led by Alibaba Group and two others, in the largest such fund-raising in the business that has drawn keen investor interest.
Ofo said in a statement that besides Alibaba, the series E funding was led by Hony...
7 years ago075Tencent Holdings Ltd has shrugged off concerns that a move to limit play time for some users of its top-grossing "Honour of Kings" game could hurt its bottom line, saying those targeted make up only a small portion of its overall user base.
The company said on Sunday "Honour of Kings" players below 12 years of age would be limited to...