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GE to sell appliances business to China’s Haier for $5.4 billion

/  15.01.2016  /  Technology 

(Reuters) – General Electric Co agreed to sell its century-old appliance business to China’s Qingdao Haier Co Ltd for $5.4 billion in cash, a month after abandoning a deal with Sweden’s Electrolux.

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Funding lifts Uber China unit’s valuation to $8 billion but profits absent

/  15.01.2016  /  Technology 

BEIJING (Reuters) – Uber Technologies Inc’s [UBER.UL] China unit boosted its valuation to $8 billion after it raised more than $1 billion in its latest funding round, although the U.S. ride-hailing app is not yet profitable in the mainland due to intense competition.

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China’s Xiaomi misses 2015 handset shipment target as competition bites

/  15.01.2016  /  Technology 

BEIJING/HONG KONG (Reuters) – Smartphone maker Xiaomi Inc [XTC.UL] said on Friday it had shipped more than 70 million handsets in 2015, undershooting its own target and casting doubts about the growth prospects of China’s most valuable tech startup in a cut-throat market.

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Investor Canyon tells Yahoo it cannot waste any more capital

/  15.01.2016  /  Technology 

(Reuters) – Canyon Capital Advisors LLC sent a new letter to Yahoo Inc’s board on Thursday, asking it not to waste any further capital and to prioritize a sale of its core business, a portion of its assets, or the entire company.

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Twitter sued by U.S. widow for giving voice to Islamic State

/  15.01.2016  /  Technology 

(Reuters) – Twitter Inc is being sued by the widow of an American killed in Jordan who accuses the social media company of giving a voice to Islamic State, adding to the pressure to crack down on online propaganda linked to terrorism.

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Foursquare CEO steps down; company raises $45 million in funding

/  15.01.2016  /  Technology 

(Reuters) – Foursquare’s chief executive, Dennis Crowley, is stepping down and will be succeeded by Jeff Glueck, the company’s current chief operating officer.

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Intel revenue rises marginally

/  15.01.2016  /  Technology 

(Reuters) – Intel Corp reported a marginal rise in quarterly revenue, reversing two quarters of declines, as growth in its data center business more than offset weak sales to PC makers.

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Google self-driving exec says needs proposals to share research

/  15.01.2016  /  Technology 

DETROIT (Reuters) – John Krafcik, the head of Google’s project to develop self-driving vehicles, said on Thursday he would have to see specific proposals before entering into a consortium including automakers.

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Hyatt says data breach started in August

/  15.01.2016  /  Technology 

(Reuters) – Hyatt Hotels Corp said a previously reported malware attack on its payment processing system occurred between August 13 and Dec. 8.

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U.S. regulators could waive some safety rules for self-driving cars

/  14.01.2016  /  Technology 

(Reuters) – The U.S. Transportation Department will outline proposals on Thursday to waive some vehicle safety rules to allow more driverless cars to operate on U.S. roads, sources said, as part of a broader effort to speed up development of self-driving vehicles.

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