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Uber embarks on legal battle to retain London license

LONDON (Reuters) – Uber [UBER.UL] lodged a court appeal on Friday to overturn a decision by London’s transport regulator that stripped the taxi app of its operating license in its most important European market, the first stop on what is set to be a long legal road. Source
Posted On 15 Oct 2017

BlackBerry patent licensing director says he has left company

TORONTO (Reuters) – A key attorney executing BlackBerry Ltd’s patent licensing strategy has left the company, the second recent departure from the team tasked with making money from the Canadian company’s intellectual property. Source
Posted On 15 Oct 2017

SoFi withdraws U.S. banking application, citing leadership change

NEW YORK (Reuters) – Student online lender Social Finance Inc said on Friday that it is withdrawing its application for a bank license in the wake of the departure of a number of senior executives, including co-founder and former Chief Executive Mike Cagney. Source
Posted On 15 Oct 2017

Princeton graduates’ crypto-currency wins backing of big U.S. investors

NEW YORK (Reuters) – U.S. investors including Digital Currency Group have taken part in a pre-sale of basecoin, a crypto-currency to be created by three Princeton University computer science graduates, Intangible Labs CEO and co-founder Nader Al-Naji said. Source
Posted On 15 Oct 2017

First spending boost in years set to pad tech stock earnings

NEW YORK (Reuters) – The first global increase in corporate spending since 2012 will likely boost the earnings of technology companies outside of the so-called FAANG group of Facebook Inc , Amazon.com Inc , Apple Inc , Netflix Inc and Google , adding momentum to a 25...
Posted On 15 Oct 2017

Wall Street raises targets on Netflix, citing price increases

(Reuters) – Netflix Inc shares hit an all-time high on Friday as Goldman Sachs and other brokerages raised their price targets on the world’s biggest online-streaming company, citing its ability to raise fees without scaring away customers. Source
Posted On 15 Oct 2017

Social media firms summoned to U.S. Congressional hearings on Russia

WASHINGTON (Reuters) – Representatives of Facebook, Twitter and Google have been asked to appear on Nov. 1 at hearings on alleged Russian interference in U.S. politics called by the U.S. Senate and House Intelligence Committees, officials said. Source
Posted On 15 Oct 2017

Qualcomm files lawsuits in China to ban iPhones

(Reuters) – Qualcomm Inc confirmed an earlier report that the chipmaker had filed lawsuits in China, seeking to halt the manufacture and sale of Apple Inc’s iPhones in the country. Source
Posted On 15 Oct 2017

Tesla fired hundreds of employees in past week

(Reuters) – Luxury electric vehicle maker Tesla Inc fired about 400 employees this week, including associates, team leaders and supervisors, a former employee told Reuters on Friday. Source
Posted On 15 Oct 2017

IRS puts Equifax contract on hold during security review

NEW YORK (Reuters) – The U.S. Internal Revenue Service has temporarily suspended a contract worth more than $7 million it recently awarded to Equifax Inc following a security issue with the beleaguered credit reporting agency’s website on Thursday. Source
Posted On 15 Oct 2017