Japan's Line swings to full-year profit on higher ad revenue
TOKYO (Reuters) - Japanese messaging app operator Line Corp <3938.T> announced on Wednesday it swung to a full-year net profit on the back of growth in advertising revenue, although operating...
View ArticleFinancial tech startup Overbond launches bond issuing service
By Solarina Ho and Anna Irrera(Reuters) - Financial technology startup Overbond Ltd is launching a service that will allow companies to issue bonds digitally, the company said on Wednesday.The...
View ArticleFinnair to trial China's Alipay for in-flight shopping
HELSINKI (Reuters) - Finnair will become the first airline to allow travelers to pay for in-flight shopping and services with Chinese online payment app Alipay, the company said on Wednesday.The...
View ArticleCyber firm SentinelOne raises $70 million bringing total to over $110 million
TEL AVIV (Reuters) - Cyber security company SentinelOne said on Wednesday it raised an additional $70 million, bringing the total amount it has raised to over $110 million.The Palo Alto-based company...
View ArticleFintech sector needs more regulatory oversight: Bundesbank
WIESBADEN, Germany (Reuters) - Financial technology companies require greater oversight because they have the potential to disrupt the banking industry and could threaten financial stability,...
View ArticleJPMorgan clients to get easier access to online finance tools
By David HenryNEW YORK (Reuters) - JPMorgan Chase & Co and Intuit Inc said on Wednesday they had reached an agreement to allow the bank's customers to quickly put account information into Mint,...
View ArticleFrench central bank chief urges insurers to step up cyber risk coverage
PARIS (Reuters) - France's central bank governor called on French insurers to enhance cyber risk coverage for their clients, as hack attacks and data privacy laws in Europe spur rising demand."With the...
View ArticleGrowing insurance consortium eyes industry-wide blockchain
By Brenna Hughes NeghaiwiZURICH (Reuters) - A consortium set up to explore the use of blockchain technology in the insurance industry plans to announce several new members in the coming weeks, and by...
View ArticleApple sues Qualcomm in Beijing seeking 1 billion yuan
By Diane BartzWASHINGTON (Reuters) - Apple Inc filed a lawsuit against Qualcomm Inc in Beijing, alleging the chip supplier abused its clout in the chip industry and seeking 1 billion yuan ($145.32...
View ArticleRussia arrests a manager of cybersecurity firm Kaspersky Lab
MOSCOW (Reuters) - Russia has arrested a senior manager at a leading cybersecurity firm, the company said on Wednesday, after a newspaper reported his department has worked closely with the Federal...
View ArticleAppDynamics deal shows buyouts more lucrative in anemic IPO market
By Sweta Singh and Ankur Banerjee(Reuters) - Cisco Systems Inc's surprise and costly acquisition of business software firm AppDynamics Inc just two days ahead of its market debut suggests that U.S....
View ArticleNew startup investments aim to stem Canadian tech brain drain
By Solarina Ho and Matt ScuffhamTORONTO (Reuters) - Some of Canada's largest corporations and top executives launched two separate initiatives this week, investing millions of dollars into startup...
View ArticleQualcomm misses revenue estimates, defends licensing model
(Reuters) - Qualcomm Inc reported a lower-than-expected 3.9 percent rise in quarterly revenue on Wednesday, and defended its licensing model in the face of multiple legal challenges over its alleged...
View ArticleBT Group faces U.S. lawsuits as Italian accounting scandal deepens
By Jonathan StempelNEW YORK (Reuters) - BT Group Plc has been hit by at least two shareholder lawsuits in the United States, after one-fifth of the telecommunications company's market value was wiped...
View ArticleWestern Digital's profit, revenue beat estimates
(Reuters) - Data storage company Western Digital Corp reported higher-than-expected revenue and profit on Wednesday, helped by demand for its products amid stabilizing PC demand and a shift by...
View ArticleEBay holiday-quarter revenue up 3.1 percent, shares jump
By Jeffrey Dastin and Anya George Tharakan(Reuters) - EBay Inc reported a 3.1 percent rise in revenue for the fourth-quarter holiday period, offering signs of improvement at the company's traditional...
View ArticleCisco AppDynamics deal seeks to boost ratio of software revenue
(This January 25 story was refiled to correct misspelling in headline)By Stephen Nellis(Reuters) - Cisco Systems Inc’s decision to acquire software startup AppDynamics for $3.7 billion, nearly double...
View ArticleXiaomi executive Barra joins Facebook to lead virtual reality business
(Reuters) - Facebook Inc has hired Hugo Barra, the most prominent global executive at Chinese smartphone maker Xiaomi Inc [XTC.UL], to lead its virtual reality business including the Oculus unit, Chief...
View ArticleUnder new CEO, Ericsson cuts dividend after quarterly loss
By Helena Soderpalm and Olof SwahnbergSTOCKHOLM (Reuters) - Mobile telecom equipment maker Ericsson cut its annual dividend by 73 percent, with its new CEO saying the Swedish company would prioritize...
View ArticleMicrosoft to continue to invest over $1 billion a year on cyber security
By Tova CohenTEL AVIV (Reuters) - U.S. software firm Microsoft Corp will continue to invest over $1 billion annually on cyber security research and development in the coming years, a senior executive...
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