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Qualcomm deals blow to Broadcom's bid with sweetened NXP deal

Tue, 20 Feb 2018 16:13:31 -0500

(Reuters) - U.S. semiconductor company Qualcomm Inc on Tuesday unveiled a sweetened $44 billion agreement to acquire NXP Semiconductors NV , its most defiant move in its defense against a hostile $121 billion bid from Broadcom Ltd .(image)

FCC reversal of net neutrality rules expected to be published Thursday: sources

Tue, 20 Feb 2018 16:39:04 -0500

WASHINGTON (Reuters) - The U.S. Federal Communications Commission is expected to publish on Thursday its December order overturning the landmark Obama-era net neutrality rules, two sources briefed on the matter said Tuesday.(image)

Uber CEO sees commercialization of flying taxis in 5-10 years

Tue, 20 Feb 2018 04:06:39 -0500

TOKYO (Reuters) - Uber Technologies Inc Chief Executive Officer Dara Khosrowshahi said on Tuesday he can see commercialization of the Uber Air flying taxi service happening within five to 10 years.(image)

Bitcoin nearly doubles in value from year's low hit in early February

Tue, 20 Feb 2018 15:38:20 -0500

NEW YORK (Reuters) - Bitcoin hit a three-week high on Tuesday and has surged nearly 100 percent from its lowest level this year, as its recovery continued after South Korea's financial regulator eased its stance on cryptocurrencies, weeks after it considered shutting down digital currency exchanges.(image)

Sessions forms U.S. cyber task force after election warnings

Tue, 20 Feb 2018 17:59:24 -0500

WASHINGTON (Reuters) - U.S. Attorney General Jeff Sessions on Tuesday announced he would create a task force to examine how his Justice Department can better combat global cyber threats, including efforts to interfere with elections or damage critical infrastructure.(image)

Lesser-known North Korea cyber-spy group goes international: report

Tue, 20 Feb 2018 11:52:15 -0500

FRANKFURT (Reuters) - A North Korean cyber espionage group previously known only for targeting South Korea's government and private sector deepened its sophistication and hit further afield including in Japan and the Middle East in 2017, security researchers said on Tuesday.(image)

Xerox shareholders Icahn, Deason urge company to sell itself to rivals

Tue, 20 Feb 2018 13:04:26 -0500

(Reuters) - Xerox Corp shareholders Carl Icahn and Darwin Deason said on Tuesday the U.S. company should seek to sell itself to one of its rivals or a private equity firm.(image)

Amazon credit card adds Whole Foods to 5 percent cash back offer

Tue, 20 Feb 2018 13:57:00 -0500

LOS ANGELES (Reuters) - Inc on Tuesday extended its 5 percent cash back benefit for Prime service subscribers to shoppers at its newly acquired Whole Foods Market grocery chain.(image)

Medtronic quarterly revenue beats, margins disappoint

Tue, 20 Feb 2018 09:44:29 -0500

(Reuters) - Medical device maker Medtronic Plc's quarterly revenue beat analysts' expectations as new product launches drove sales across its business units, but weaker-than-expected margins clouded the earnings report.(image)

ING says cryptocurrency exchange Bitfinex has an account with it

Tue, 20 Feb 2018 14:23:06 -0500

AMSTERDAM (Reuters) - Dutch financial services company ING on Tuesday confirmed that Bitfinex, one of the largest exchanges for trading in cryptocurrencies such as Bitcoin, has a bank account with it in the Netherlands.(image)