Tencent announces a restructuring as challenges rise

Chinese internet giant Tencent Holdings announced on Sunday its first restructuring in six years, done at a time it faces increased challenges from tighter government regulations.

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Musk to resign as Tesla chairman, remain as CEO in SEC settlement

Tesla Inc and Elon Musk have agreed to pay $20 million each to financial regulators and the billionaire will step down as the company's chairman but remain as chief executive, under a settlement that caps a tumultuous two months for the carmaker.

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SEC chairman says Tesla settlement in 'best interests' of shareholders

U.S. Securities and Exchange Commission chairman Jay Clayton said in a statement on Saturday that the agency's settlement with carmaker Tesla was in the best interests of the U.S. markets and company shareholders.

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Google CEO will testify before U.S. House on bias accusations

Google Chief Executive Sundar Pichai has agreed to testify before the U.S. House Judiciary Committee later this year over Republican concerns that the company is biased against conservatives and will also attend a meeting with President Donald Trump, government officials said on Friday.

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Tesla's Musk may settle SEC lawsuit but ready for fight: sources

Tesla Inc's Elon Musk could settle with U.S. regulators who have sued to remove him from the electric carmaker's leadership, but he is prepared to fight the securities fraud lawsuit against him in court, sources said on Friday as shares plunged about 14 percent.

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South Korea's LG Display to cut jobs through voluntary retirement

South Korea's LG Display Co Ltd, an Apple supplier, will cut jobs through voluntary retirement for the first time since its founding, a spokeswoman confirmed on Saturday.

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U.S. trade judge declines to block iPhone imports

A U.S. trade judge on Friday declined to block the importation of Apple Inc iPhones with chips from Intel Corp , handing a major defeat to Qualcomm Inc in its high-stakes legal dispute with the iPhone maker.

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Facebook says big breach exposed 50 million accounts to full takeover

Facebook Inc said on Friday that hackers stole digital login codes allowing them to take over nearly 50 million user accounts in its worst security breach ever given the unprecedented level of potential access, adding to what has been a difficult year for the company's reputation.

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Oracle's Kurian to step down as president of product development

Business software maker Oracle Corp said on Friday Thomas Kurian, its president of product development would be stepping down, effective immediately.

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Trump administration looks to speed 5G networks, ease hurdles

The Trump administration said on Friday it is seeking to remove hurdles to faster deployment of the next generation of wireless communications, known as 5G, which it touted as revolutionary for a host of industries.

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Exclusive: In test case, U.S. fails to force Facebook to wiretap Messenger calls - sources

U.S. investigators failed in a recent courtroom effort to force Facebook to wiretap voice calls over its Messenger app in a closely watched test case, according to two people briefed on the sealed ruling.

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Airbnb says not property agent, French hoteliers say nonsense

Online rental marketplace Airbnb rejected on Friday a contention by a leading French hoteliers' association that it is a real estate agent and should be subjected to property rules in a case which could affect other online services.

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UK regulator to enquire if Facebook data breach has affected UK citizens

The UK's Information Commissioner's Office said on Friday it will make enquiries with Facebook Inc and other overseas regulators to find out if British citizens were affected by a security breach announced by the company earlier in the day.

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EU regulators want to know if merchants hurt by Amazon copies

EU antitrust regulators are asking retailers and manufacturers whether Amazon's sales of own brand products similar to theirs have harmed their business, a move which could lead to a formal case and possibly fines against the U.S. tech giant.

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Cost to insure Tesla debt spikes to record high

The cost to insure debt holdings in electric carmaker Tesla Inc rose to its highest-ever level on Friday as the bond market reflected growing worries about a default, following the news that Chief Executive Elon Musk had been accused of fraud by federal regulators.

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Apple wins reversal in University of Wisconsin patent lawsuit

Apple Inc persuaded a federal appeals court on Friday to throw out a $234 million damages award in favor of the University of Wisconsin-Madison's patent licensing arm for infringing a patent on computer processing technology.

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Intel says has adequate chips to meet targets amid supply crunch

Chipmaker Intel Corp said on Friday it had enough supplies to meet annual revenue targets and was boosting PC chip output, allaying fears that rival Advanced Micro Devices Inc was eating into its market share due to supply constraints.

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Professional queuers left out in the cold at Moscow iPhone launch

Hundreds of Russians braved the cold and rain to queue for days outside a Moscow phone store ahead of the release of the new Apple iPhones on Friday, but when the doors opened none stepped in to buy.

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Spain gives Uber and Cabify drivers four years to secure licenses

Spain on Friday gave drivers of Uber and Cabify four years to comply with new licensing regulations issued by its autonomous regions and cities, defying protests by drivers for the ride-hailing services.

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Volkswagen partners with Microsoft in cloud push

German automaker Volkswagen AG will use Microsoft Corp's Azure cloud platform to provide all future digital services and mobility offerings across its entire fleet, the companies said on Friday.

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Source: Reuters