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Xbox unveils $9.99 monthly subscription for videogames

Tue, 28 Feb 2017 10:40:28 -0500

(Reuters) - Microsoft Corp's Xbox division said on Tuesday it would launch a $9.99-per-month subscription service that will allow gamers to play over 100 Xbox One and "backward compatible" Xbox 360 videogames.(image)

Samsung Group chief charged with bribery, corporate nerve center dismantled

Tue, 28 Feb 2017 07:23:00 -0500

SEOUL (Reuters) - South Korean prosecutors charged Samsung Group [SARG.UL] chief Jay Y. Lee with bribery and embezzlement on Tuesday as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a graft scandal that has rocked the country.(image)

SoundCloud launches budget plan to attract paying subscribers

Tue, 28 Feb 2017 08:03:19 -0500

FRANKFURT (Reuters) - Music-streaming service SoundCloud launched a budget subscription package on Tuesday, hoping to convert more listeners into paying subscribers and undercutting rivals Apple and Spotify.(image)

SoftBank-backed OneWeb to merge with Intelsat

Tue, 28 Feb 2017 11:41:57 -0500

(Reuters) - OneWeb Ltd, a U.S. satellite startup backed by Japan's SoftBank Group Corp, and debt-laden satellite operator Intelsat SA agreed to merge in a share-for-share deal on Tuesday.(image)

Xiaomi unveils in-house chipset to streamline production, cut prices

Tue, 28 Feb 2017 06:30:06 -0500

BEIJING (Reuters) - Chinese smartphone firm Xiaomi Inc [XTC.UL] announced its first in-house designed chipset on Tuesday, as it works to streamline production, lower prices, and gain greater control over handset design to counter the impact of slowing sales.(image)

Uber says thousands of London drivers threatened by English language test

Tue, 28 Feb 2017 08:00:15 -0500

LONDON (Reuters) - Tens of thousands of London private hire drivers could lose their licenses due to new English reading and writing requirements, taxi app Uber [UBER.UL] said on Tuesday at the start of a court battle to halt the plans.(image)

New FCC chair vows 'light-touch' approach to regulation

Tue, 28 Feb 2017 11:34:03 -0500

WASHINGTON (Reuters) - The new Republican head of the U.S. Federal Communications Commission promised "light-touch" regulation of areas such as the internet, a dramatic shift away from the Obama administration's approach to telecommunications oversight.(image)

EU needs common approach on testing banks' cyber-risks: Dombrovskis

Tue, 28 Feb 2017 06:40:54 -0500

BRUSSELS (Reuters) - European Union countries should test bank defenses against cyber-attacks using a common set of requirements, a senior EU official said on Tuesday, as the bloc plans measures to boost the retail market for financial products.(image)

SAP CEO McDermott overtakes Daimler's Zetsche in 2016 pay

Tue, 28 Feb 2017 07:01:01 -0500

FRANKFURT (Reuters) - SAP Chief Executive Bill McDermott's total pay last year jumped to 15.6 million euros ($16.5 million), overtaking that of Daimler CEO Dieter Zetsche, Germany's best-paid company executive in 2015.(image)

Huawei staff fear cuts as smartphone profits disappoint

Tue, 28 Feb 2017 04:16:27 -0500

HONG KONG/BARCELONA (Reuters) - Staff at China's Huawei Technologies Co Ltd [HWT.UL] are bracing for possible jobs cuts after internal memos highlighted intense pressure to improve earnings and an executive said the flagship smartphone business had missed internal profit targets.(image)