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SEC says bitcoin funds raise 'investor protection issues'

Fri, 19 Jan 2018 05:11:03 -0500

(Reuters) - The U.S. securities regulator on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry they want answers to their concerns before endorsing more than a dozen proposed products based on cryptocurrencies.(image)

South Korean group files complaint against Apple CEO over iPhone slowdown

Thu, 18 Jan 2018 22:38:38 -0500

SEOUL (Reuters) - A South Korean consumer group has filed a criminal complaint against Apple Inc CEO Tim Cook over slower iPhone devices, after probes in Europe into allegations the firm had deliberately shortened the life of its handsets.(image)

IBM returns to growth after six years, but dour forecast hits shares

Thu, 18 Jan 2018 20:03:42 -0500

(Reuters) - International Business Machines Corp's revenue rose for the first time in 23 quarters, beating analysts' estimates, but the company warned that a higher tax rate this year would eat into its profit.(image)

Bitcoin use under scrutiny in Indonesian island of Bali

Fri, 19 Jan 2018 03:20:48 -0500

JAKARTA/KUTA, Indonesia (Reuters) - Indonesian authorities are investigating the use of bitcoin in the holiday island of Bali, amid warnings by the central bank in Southeast Asia's biggest economy over the risks posed by virtual currencies, an official said.(image)

Google announces patent agreement with Tencent amid China push

Thu, 18 Jan 2018 23:31:54 -0500

BEIJING (Reuters) - Alphabet Inc's Google has agreed to a patent licensing deal with Tencent Holdings Ltd as it looks for ways to expand in China where many of its products, such as app store, search engine and email service, are blocked by regulators.(image)

Amazon's review of Toronto could escalate tension with Trump

Thu, 18 Jan 2018 19:05:17 -0500

TORONTO (Reuters) - Inc's inclusion of Canada's largest city on a list of 20 finalists for a massive new campus could escalate tensions between the tech giant and U.S. President Donald Trump.(image)

China targets cryptocurrencies in online pyramid scheme crackdown

Fri, 19 Jan 2018 05:32:05 -0500

(Reuters) - China will crack down on online pyramid schemes, including speculation masked as cryptocurrencies and online games, the public security ministry said on Friday.(image)

Nokia signs its first official 5G equipment deal with NTT DoCoMo

Fri, 19 Jan 2018 03:03:29 -0500

FRANKFURT (Reuters) - Finland's Nokia said on Friday it signed its first major deal to supply new 5G wireless radio base stations to Japanese telecom operator NTT DoCoMo, which boasts nearly half of the country's mobile subscribers.(image)

Huawei founder, top executives to pay $469,000 fine for management oversight

Fri, 19 Jan 2018 03:51:14 -0500

HONG KONG (Reuters) - Top executives of Huawei Technologies Co [HWT.UL], including founder Ren Zhengfei, will pay a self-imposed fine totaling 3 million yuan ($469,000) for management oversight of some quality breaches at the firm, an internal company memo shows.(image)

Apple to release software update to resolve iPhone slowdown: CEO

Thu, 18 Jan 2018 17:17:04 -0500

(Reuters) - Apple Inc will release a software update that will allow users to turn off a feature that slows down iPhones when batteries are low on charge, Chief Executive Tim Cook told ABC News.(image)