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 ago038BEIJING (Reuters) - A Chinese telecoms carrier said it had begun closing virtual private networks (VPNs) and other tools that can bypass the so-called Great Firewall, which state authorities use to filter and block traffic between Chinese and overseas servers.
A spokesman for Guangzhou Huoyun Information Technology Ltd, which operates...
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 ago098(Reuters) - T-Mobile US Inc's quarterly results topped analysts' estimates as the No. 3 U.S. wireless carrier on Wednesday reported record low customer attrition and said it was considering a quarterly dividend.
T-Mobile has been gaining share from larger competitors AT&T Inc and Verizon Communications Inc in a saturated U.S....
7 years ago067WASHINGTON (Reuters) - A U.S. House panel on Wednesday approved a sweeping proposal by voice vote to allow automakers to deploy up to 100,000 self-driving vehicles without meeting existing auto safety standards and bar states from imposing driverless car rules.
Representative Robert Latta, a Republican who heads the Energy and Commerce...
7 years ago060TOKYO (Reuters) - Western Digital Corp's top executive is in Japan to meet government officials, aiming to resolve a dispute with Toshiba Corp over the Japanese company's planned sale of its chip business, sources familiar with the matter said on Tuesday.
Toshiba is scrambling to sell its flash memory unit to cover losses from its...
7 years ago057WASHINGTON (Reuters) - Facebook Inc (FB.O), Alphabet Inc's Google (GOOGL.O), Apple Inc (AAPL.O) and other major technology firms are largely absent from a debate over the renewal of a broad U.S. internet surveillance law, weakening prospects for privacy reforms that would further protect customer data, according to sources familiar with...
7 years ago078(Reuters) - A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd's of London said in a report on Monday.
The report, co-written with risk-modeling firm Cyence, examined potential economic losses from the...
7 years ago069WASHINGTON (Reuters) - Tech companies clashed with internet service providers on Monday over whether a landmark 2015 net neutrality order barring the blocking or slowing of web content should be scrapped by the U.S. Federal Communications Commission.
A group representing major technology firms including Alphabet Inc (GOOGL.O) and...
7 years ago098(Reuters) - The owner of the Ashley Madison adultery website said on Friday it will pay $11.2 million to settle U.S. litigation brought on behalf of roughly 37 million users whose personal details were exposed in a July 2015 data breach.
Ruby Corp, formerly known as Avid Life Media Inc, denied wrongdoing in agreeing to the preliminary...
7 years ago085(Reuters) - Warren Buffett's Berkshire Hathaway Inc and John Malone's Liberty Media Corp are exploring an investment of between $10 billion and $20 billion in U.S. wireless carrier Sprint Corp, people familiar with the matter said.
Masayoshi Son, the chief executive of Japan's SoftBank Group Corp, which controls Sprint, met Buffett and...
7 years ago061(Reuters) - AT&T Inc (T.N) will run its wireless and DirecTV satellite television businesses separately from Time Warner Inc's (TWX.N) media assets following its $85.4 billion acquisition of the entertainment group, a source told Reuters on Friday.
Buying Time Warner gives AT&T control of cable TV channels HBO and CNN, film...
7 years ago085(Reuters) - Internet television company Roku has hired investment banks to lead an initial public offering that could come later this year as it aims for a valuation of more than $1 billion, sources familiar with the matter said.
An IPO will test investor's reception to Roku, the brainchild of digital video recorder (DVR) inventor...