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South Korean prosecution again seeks arrest of Samsung chief

SEOUL (Reuters) – South Korea’s special prosecutor’s office said on Tuesday it would again seek a warrant to arrest Samsung Group chief Jay Y. Lee, a suspect in a graft investigation that may topple President Park Geun-hye. Source
Posted On 14 Feb 2017

ZTE warns of impact of U.S. sanction settlement penalties

HONG KONG (Reuters) – Chinese telecom equipment maker ZTE Corp warned on Tuesday that penalties it expects to incur for allegedly breaking U.S. sanctions against Iran could impact its results. Source
Posted On 14 Feb 2017

Daimler invests in smartphone-based vehicle finance app AutoGravity

FRANKFURT (Reuters) – Daimler said on Tuesday it was investing a double-digit million euro amount into AutoGravity, a smartphone-based vehicle leasing and financing app as part of a broader push by the carmaker to build a digital platform for financial services. Source
Posted On 14 Feb 2017

Murders, robberies of drivers in Brazil force Uber to rethink cash strategy

SAO PAULO (Reuters) – On a Thursday night last September, Uber driver Osvaldo Luis Modolo Filho accepted a ride request from a teenage couple on the eastern edge of Sao Paulo, to be paid in cash. Source
Posted On 14 Feb 2017

Apple hits record high but leaves some investors in dust

SAN FRANCISCO (Reuters) – Apple shares cruised to a record-high close Monday, helping catapult the S&P 500 stock index over the $20 trillion mark in what amounts to a victory for plain-vanilla mutual funds over a bevy of hedge fund managers who recently backed away...
Posted On 14 Feb 2017

Verizon’s move to unlimited data ups ante in wireless war

NEW YORK (Reuters) – Verizon Communications Inc’s announcement that it will once again offer an unlimited pricing plan marks a shift in its thinking as a price war among the four biggest U.S. wireless carriers accelerates. Source
Posted On 14 Feb 2017

Exclusive: Wal-Mart to tear down walls between store, online buying operations – sources

CHICAGO (Reuters) – Wal-Mart Stores Inc for the first time will combine its own buying for products sold at its stores with purchases it makes for its website, sources said, a significant move to stamp out duplicate efforts as it consolidates buying operations to better...
Posted On 14 Feb 2017

New witness delays trial over bitcoin exchange tied to JPMorgan hack

NEW YORK (Reuters) – The trial of two men was delayed on Monday in a case stemming from a probe into a bitcoin exchange and a data breach at JPMorgan Chase & Co after prosecutors revealed a new witness. Source
Posted On 14 Feb 2017

Uber rival Grab to buy Indonesian online payment startup for over $100 million: source

JAKARTA (Reuters) – Grab is likely to announce a deal to buy Indonesian online payment startup Kudo for over $100 million, a source close to the matter said, in a move that will help the Southeast Asian ride-hailing firm roll out its services to more customers. Source
Posted On 13 Feb 2017

Australian banks narrow focus of Apple Pay collective bargaining request

SYDNEY (Reuters) – Australian banks seeking permission from the country’s competition regulator to bargain collectively with Apple Inc over its mobile payment system said on Monday they will focus on gaining access to the U.S. tech company’s contactless payment...
Posted On 13 Feb 2017