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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

Infosys CEO Sikka attempts to quell tensions with company founders

MUMBAI (Reuters) – Infosys Ltd Chief Executive Vishal Sikka attempted on Monday to allay concerns over a corporate governance row between the software services firm and its founders, saying his relations with N.R. Narayana Murthy and co-founders were excellent. Source
Posted On 13 Feb 2017

SoundCloud loses key executives amid fundraising drive

FRANKFURT (Reuters) – Music-streaming service SoundCloud has lost two senior executives and is seeking to raise new funding, the company said on Sunday, but denied a Financial Times report that it was running low on cash. Source
Posted On 13 Feb 2017

Verizon reintroduces unlimited data plan as competition rises

NEW YORK (Reuters) – Verizon Communications Inc will introduce an unlimited data plan on Monday, its first in more than five years, in its latest effort to lure customers as competition rises between network carriers. Source
Posted On 13 Feb 2017

Top Italian official says Facebook must do more against hate speech

ROME (Reuters) – Facebook must do much more to stamp out hate speech on its site, the president of Italy’s lower house of parliament said, warning that rising abuse on various social media was being fueled by fake news. Source
Posted On 13 Feb 2017

Samsung chief appears for second round of questions in graft probe

SEOUL (Reuters) – Samsung Group leader Jay Y. Lee appeared at the South Korean special prosecutor’s office for questioning on Monday as part of a wider investigation into an influence-peddling scandal that could topple President Park Geun-hye. Source
Posted On 13 Feb 2017

Drivers’ strike paralyses Uber, Ola services in Indian capital

NEW DELHI (Reuters) – A strike in the Indian capital by thousands of Uber [UBER.UL] and Ola drivers demanding better pay has paralyzed the ride-hailing services that have grabbed business from traditional taxi and rickshaw operators with their cheaper fares. Source
Posted On 13 Feb 2017

Toshiba prepares to unveil nuclear hole, other perils threaten

TOKYO (Reuters) – Toshiba Corp will on Tuesday detail a writedown of close to $6 billion after bruising cost overruns at its U.S. nuclear arm, turning investor attention to the Japanese group’s efforts to fix that and other balance sheet headaches. Source
Posted On 13 Feb 2017

Apple CEO Cook ‘optimistic’ about UK’s future after Brexit: BBC

(Reuters) – Apple Inc Chief Executive Tim Cook told Prime Minister Theresa May the company was optimistic about Britain’s future after it leaves the European Union, the BBC reported on Thursday. Source
Posted On 10 Feb 2017

Nasdaq plans venture arm to invest in financial technology: sources

NEW YORK (Reuters) – Exchange operator Nasdaq Inc plans to set up a venture capital arm to invest in financial technology companies that can help grow its own businesses, two people familiar with the plans told Reuters. Source
Posted On 10 Feb 2017