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Regulatory fears hammer bitcoin below $10,000, half its peak

Wed, 01/17/2018 - 21:11
LONDON/TOKYO (Reuters) - Bitcoin fell as much as 20 percent on Wednesday, piercing below $10,000, while other cryptocurrencies took similar spills due to investor fears that regulators could clamp down on them in an effort to curb speculation.
Categories: TECHNOLOGY NEWS

Apple plans second U.S. campus, to pay $38 billion in foreign cash taxes

Wed, 01/17/2018 - 21:04
(Reuters) - Apple Inc will open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump.
Categories: TECHNOLOGY NEWS

Tom Siebel's billion-dollar software firm raises $100 million

Wed, 01/17/2018 - 21:02
SAN FRANCISCO (Reuters) - C3 IoT, a software company founded and run by longtime Silicon Valley executive Thomas Siebel that helps companies collect and analyze data, has raised another $100 million in a new funding backed by TPG Growth, the company said on Wednesday.
Categories: TECHNOLOGY NEWS

FTC investigating Broadcom for antitrust practices

Wed, 01/17/2018 - 21:02
(Reuters) - The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, the company said on Wednesday.
Categories: TECHNOLOGY NEWS

Facebook widens probe into alleged Russian meddling in Brexit

Wed, 01/17/2018 - 20:44
SAN FRANCISCO (Reuters) - Facebook Inc said on Wednesday it would conduct a new, comprehensive search of its records for possible propaganda that Russian operatives may have spread during the run-up to Britain's 2016 referendum on EU membership.
Categories: TECHNOLOGY NEWS

FTC probing Broadcom for antitrust practices: source

Wed, 01/17/2018 - 20:24
(Reuters) - The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, according to a person familiar with the matter.
Categories: TECHNOLOGY NEWS

FTC probing Broadcom for antitrust practices: WSJ

Wed, 01/17/2018 - 19:42
(Reuters) - The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, the Wall Street Journal reported, citing people familiar with the matter.
Categories: TECHNOLOGY NEWS

Apple to pay $38 billion in U.S. taxes on foreign cash, open new campus

Wed, 01/17/2018 - 19:36
(Reuters) - Apple Inc will make about $38 billion in U.S. tax payments on its $252.3 billion in overseas cash in accordance with the tax law passed late last month, the company said on Wednesday.
Categories: TECHNOLOGY NEWS

Apple to pay $38 billion in repatriation tax

Wed, 01/17/2018 - 19:16
(Reuters) - Apple Inc will make about $38 billion in tax payments to bring funds kept overseas back to the United States under new federal tax laws, the company said on Wednesday.
Categories: TECHNOLOGY NEWS

Twitter may notify users exposed to Russian propaganda during 2016 election

Wed, 01/17/2018 - 18:43
WASHINGTON (Reuters) - Twitter may notify users whether they were exposed to content generated by a suspected Russian propaganda service, a company executive told U.S. lawmakers on Wednesday.
Categories: TECHNOLOGY NEWS

Crypto stocks tumble as bitcoin selloff continues

Wed, 01/17/2018 - 17:58
(Reuters) - A slew of blockchain- and bitcoin-related stocks sank on Wednesday following a steep fall in the price of the cryptocurrency over the past few days on fears of regulatory clampdowns.
Categories: TECHNOLOGY NEWS

Bitcoin slumps below $10,000, half its peak, as regulatory fears intensify

Wed, 01/17/2018 - 16:20
LONDON/TOKYO (Reuters) - Bitcoin skidded below $10,000 on Wednesday, halving in value from its peak price, with investors gripped by fears regulators could clamp down on the volatile cryptocurrency that sky-rocketed last year.
Categories: TECHNOLOGY NEWS

Citi sees bitcoin potentially halving in value again

Wed, 01/17/2018 - 16:13
NEW YORK (Reuters) - Bitcoin may lose 50 percent of its value from its current level as fears over regulatory clamp-downs have spurred a rout among cryptocurrencies this week, Citi analysts said on Wednesday.
Categories: TECHNOLOGY NEWS

IBM shares rise after Barclays double upgrade

Wed, 01/17/2018 - 14:21
(Reuters) - Shares in International Business Machines rose nearly 2 percent on Wednesday, helped by a double-notch upgrade for the company from Barclays ahead of fourth-quarter results on Thursday.
Categories: TECHNOLOGY NEWS

Bitcoin slumps to $10,000, half its peak price, as regulatory fears grow

Wed, 01/17/2018 - 13:53
LONDON/TOKYO (Reuters) - Bitcoin skidded a further 12 percent on Wednesday, marking an almost halving in value from its peak price, with investors spooked by fears regulators could clamp down on the volatile cryptocurrency that skyrocketed last year.
Categories: TECHNOLOGY NEWS

Bitcoin jolted by regulation worries, tumbles 11 percent on extended sell-off

Wed, 01/17/2018 - 12:42
TOKYO/LONDON (Reuters) - Bitcoin skidded more than 11 percent on Wednesday, extending a precipitous downturn in fortunes with investors spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year.
Categories: TECHNOLOGY NEWS

Philippine lawmakers worry China Telecom may be a 'Trojan horse'

Wed, 01/17/2018 - 12:01
MANILA (Reuters) - Opposition members of the Philippine Congress raised concern on Wednesday that China Telecom Corp Ltd, which may enter the Philippine industry, could be a "Trojan horse" aimed at giving China access to state secrets.
Categories: TECHNOLOGY NEWS

Standard Chartered creates fintech investment unit

Wed, 01/17/2018 - 10:57
LONDON (Reuters) - Standard Chartered said on Wednesday it had established a business unit to invest in financial technology and promote innovation.
Categories: TECHNOLOGY NEWS

Bitcoin jolted by regulation worries, falls 7 percent on extended selloff

Wed, 01/17/2018 - 06:10
TOKYO/SINGAPORE (Reuters) - Bitcoin extended its sharp tumble of the past 24 hours, skidding more than seven percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year.
Categories: TECHNOLOGY NEWS

Microsoft tops Thomson Reuters top 100 global tech leaders list

Wed, 01/17/2018 - 06:02
(Reuters - Thomson Reuters Corp on Wednesday published its debut "Top 100 Global Technology Leaders" list with Microsoft Corp in the no. 1 spot, followed by chipmaker Intel Corp and network gear maker Cisco Systems Inc .
Categories: TECHNOLOGY NEWS

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