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Netflix adds a third more subscribers than expected; shares jump eight percent

Wed, 18 Jan 2017 19:46:25 -0500

(Reuters) - Streaming video pioneer Netflix Inc added over a third more subscribers than expected in the last quarter of 2016, a sign of success for its ambitious global expansion that sent its shares up 8 percent in extended trading.(image)

Samsung chief staves off arrest, prosecutor keeps chasing

Thu, 19 Jan 2017 05:05:12 -0500

SEOUL (Reuters) - A South Korean court on Thursday dismissed an arrest warrant against the head of Samsung Group [SAGR.UL], the country's largest conglomerate, amid a graft scandal that has led to the impeachment of President Park Geun-hye.(image)

Facebook to build third foreign data center in Denmark

Thu, 19 Jan 2017 08:08:48 -0500

COPENHAGEN (Reuters) - Facebook will build a new data center in the Danish city of Odense, the California-based tech company said at a press conference with local authorities, only the third such facility outside of the United States.(image)

Alibaba's Ma says no chance of U.S. trade war with China

Wed, 18 Jan 2017 15:32:25 -0500

DAVOS, Switzerland (Reuters) - China and the United States are not about to be drawn into a trade war, Alibaba Executive Chairman Jack Ma said on Wednesday at the World Economic Forum (WEF) in Davos.(image)

Facebook dismissive of censorship, abuse concerns, rights groups allege

Wed, 18 Jan 2017 13:33:06 -0500

WASHINGTON (Reuters) - Nearly 80 rights groups on Wednesday accused Facebook of "racially biased censorship" and failing to be more transparent about its removal policies and cooperation with law enforcement, adding to criticism the company has faced in recent months over its management of content on its network of 1.8 billion users.(image)

NBCU shutting cable's Esquire Network, re-launching as digital

Wed, 18 Jan 2017 17:00:53 -0500

(Reuters) - Comcast Corp's NBCUniversal is shutting down its Esquire Network cable channel, one month after it was dropped by DirecTV, and will re-launch it this spring as a digital-only brand, the company said on Wednesday.(image)

Facebook's Zuckerberg questioned at trial over virtual-reality technology

Wed, 18 Jan 2017 02:07:50 -0500

DALLAS (Reuters) - Facebook Inc chief executive Mark Zuckerberg took the witness stand in Dallas federal court on Tuesday and denied an allegation by a rival company that the virtual-reality technology of Facebook's Oculus unit was stolen.(image)

Ukraine's power outage was a cyber attack: Ukrenergo

Wed, 18 Jan 2017 06:22:05 -0500

KIEV/MILAN (Reuters) - A power blackout in Ukraine's capital Kiev last month was caused by a cyber attack and investigators are trying to trace other potentially infected computers and establish the source of the breach, utility Ukrenergo told Reuters on Wednesday.(image)

U.S. sues Oracle, alleges salary and hiring discrimination

Wed, 18 Jan 2017 15:13:13 -0500

(Reuters) - The U.S. Labor Department has sued Oracle America Inc, alleging that the technology company systematically paid its white, male employees more than other workers and unlawfully favored Asian applicants in its recruiting and hiring efforts.(image)

U.S. to probe whether Fujifilm violating Sony magnetic tape patents

Wed, 18 Jan 2017 15:07:01 -0500

WASHINGTON (Reuters) - The U.S. International Trade Commission said on Wednesday it had launched on investigation into whether Fujifilm Holdings Corp was violating patents which Sony Corp holds for certain magnetic tape cartridges.(image)