The Technology News ONLINE: May 2017

Wednesday, May 31, 2017

T-Mobile's expanded network has rivals - and suitors - taking notice

NEW YORK (Reuters) - T-Mobile US Inc has built a reputation as a scrappy underdog by offering cell service with no contracts and cheap prices.

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Exclusive: SoftBank to let OneWeb-Intelsat merger collapse - sources

(Reuters) - Japan's SoftBank Group Corp will let the $14 billion merger between its satellite startup OneWeb and peer Intelsat SA fall through, after failing to get enough of Intelsat creditors to back it, people familiar with the matter said on Wednesday.

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SoftBank invests in industrial software firm OSIsoft

SAN FRANCISCO (Reuters) - SoftBank Group Corp said on Wednesday it was taking a significant minority stake in OSIsoft LLC, a privately held maker of industrial software used to manage plants and factories.

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Social media companies step up removals of online hate speech: EU

(Reuters) - Social media companies like Facebook, Twitter and Google’s YouTube have stepped up both the speed and number of removals of hate speech on their platforms in response to EU pressure to do more to tackle the issue, results of an EU evaluation seen by Reuters.

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Uber posts $708 million loss, finance head leaves: WSJ

(Reuters) - Uber Technologies Inc's [UBER.UL] head of finance is leaving as the ride-hailing company reported continued big losses for the first quarter, the Wall Street Journal reported on Wednesday.

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Cybersecurity firm Palo Alto's third quarter report eases sales fears, shares jump

(Reuters) - Cybersecurity company Palo Alto Networks Inc's results and forecast topped expectations, helped by a near record number of customer additions that also eased concerns about its sales execution at a time of heightened cyber security awareness in the wake of the recent WannaCry ransomware attack.

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Toshiba moves back some chip unit assets to ward off Western Digital's legal claim

TOKYO (Reuters) - Toshiba Corp has moved some of the assets of its memory chip unit back to the parent company to ward off Western Digital Corp's legal claim that the Japanese conglomerate cannot sell the unit without the U.S. partner's consent.

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Wild swings, lack of liquidity keeping U.S. funds out of bitcoin

NEW YORK (Reuters) - A lack of liquidity is keeping U.S.-based mutual fund managers from investing in bitcoin even as the digital currency hits record highs.

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Africans never hung up on Nokia's old 'brick'

LAGOS (Reuters) - For Europeans, Nokia's revamped 'brick' is a throwback to a simpler, more innocent age, when phones were for speaking and reading on the train meant buying a newspaper.

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UK takes step closer to national electric battery hub

COVENTRY, England (Reuters) - Britain is moving towards creating a new national development hub for electric car batteries with officials setting out plans for companies to work together to improve the technology, possibly paving the way for large-scale local production.