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Apple faces lawsuits after saying it slows down aging iPhones
SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) defrauded iPhone users by slowing devices without warning to compensate for poor battery performance, according to eight lawsuits filed in various federal courts in the week since the company opened up about the year-old software change.
The tweak may have led iPhone owners to misguided attempts to resolve issues over the last year, the lawsuits…
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Ex-Kit Digital CEO, associate convicted in U.S. of fraud schemes
(Reuters) – The former head of Kit Digital Inc and a business associate were convicted on Tuesday on charges related to what prosecutors said were wide-ranging fraud schemes involving the bankrupt video technology company.
Kaleil Isaza Tuzman, a former Goldman Sachs analyst who achieved brief fame as an internet entrepreneur before becoming Kit Digital’s chief executive, was found guilty by a…
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China regulator flags greater scrutiny on chips after price surge
SHANGHAI (Reuters) – China’s economic regulator is paying close attention to a recent surge in the price of mobile phone storage chips and could look into possible price fixing by the firms that make them, a senior official told the state-run China Daily newspaper.
The newspaper, citing an official with the National Development and Reform Commission’s Pricing Supervision Department, said the…
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Google looking to launch stores in India to boost Pixel sales: report
(Reuters) – Alphabet Inc’s Google (GOOGL.O) is looking to launch brick-and-mortar stores in India to boost sales of its Pixel smartphones, the Economic Times newspaper reported on Tuesday, citing three people with knowledge of the matter.
Google is exploring the idea of physical stores after finding an encouraging response to more than a dozen pop-up stores opened in malls across the country to…
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Top small-cap funds of 2017 focus on healthcare, tech in year ahead
NEW YORK (Reuters) – Healthcare, technology and Japanese small-cap stocks look poised to outperform the broader market in the year ahead, according to some of the best performing U.S.-based stock fund managers of 2017.
Small-cap stocks should be among the largest winners of the newly-signed Republican-led tax law, which slashed corporate taxes at home and made it cheaper for companies to bring…
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Tesla to make pickup truck after Model Y crossover
(Reuters) – Tesla Inc will build a pickup truck soon after producing electric crossover vehicle Model Y, Chief Executive Elon Musk said on Tuesday.
“I promise that we will make a pickup truck right after Model Y. Have had the core design/engineering elements in my mind for almost 5 years. Am dying to build it,” Musk wrote in a Twitter post. bit.ly/2l1A1JJ
The Model Y, to be built on the same…
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Uber working on deal to sell Xchange Leasing to Fair: source
(Reuters) – Ride-hailing company Uber is working on a deal to sell its U.S. auto-leasing business Xchange Leasing to startup digital car marketplace Fair, according to a person familiar with the matter.
Uber Technologies Inc [UBER.UL] said in September it was shutting down the auto-leasing business, which had heavy losses. Over the last few months Xchange Leasing has started to unwind the…
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Bitcoin recovers some losses after its worst week since 2013
SINGAPORE/TOKYO/NEW YORK (Reuters) – Bitcoin rose 15 percent on Tuesday, recouping about half of the losses it sustained last week, its worst since 2013, as investors who had missed out on earlier rallies bought the world’s biggest and best-known digital currency.
While bitcoin investors and analysts believe last week’s decline in its value was a natural correction after a heady run-up in…
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Apple, suppliers drop on report of weak iPhone X demand
BEIJING/SAN FRANCISCO (Reuters) – Shares in Apple Inc (AAPL.O) and several of its Asian suppliers fell on Tuesday after a report by Taiwan’s Economic Daily and comments from some analysts suggested iPhone X demand could come in below expectations in the first quarter.
Apple will slash its sales forecast for the iPhone X in the quarter to 30 million units, the newspaper said on Monday, citing…
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Samsung scion denies corruption charges as legal appeal nears end
SEOUL (Reuters) – The heir to South Korea’s Samsung Group, convicted of bribing the country’s former president, on Wednesday denied allegations of wrongdoing as the appeals trial of his five-year jail term for corruption neared its end.
Jay Y. Lee, the 49-year-old heir to one of the world’s biggest corporate empires, has been detained since February and was convicted by a lower court in August…
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Apple faces lawsuits after saying it slows down aging iPhones
SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) defrauded iPhone users by slowing devices without warning to compensate for poor battery performance, according to eight lawsuits filed in various federal courts in the week since the company opened up about the year-old software change.
The tweak may have led iPhone owners to misguided attempts to resolve issues over the last year, the lawsuits…
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Concussion protocol altered after recent missteps
(Reuters) – The NFL’s concussion protocol has been altered with late-season changes following recent incidents that have triggered investigations.
The changes were implemented last weekend, Dr. Allen Sills, the NFL’s chief medical officer, told ESPN.
Most notably, a central unaffiliated neurotrauma consultant (UNC) was stationed at the command center that has been used primarily for game-replay…
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Serena Williams set to launch comeback in Abu Dhabi
(Reuters) – Twenty-three time grand slam champion Serena Williams will play her first match since the birth of her daughter when she faces off against French Open winner Jelena Ostapenko at the Mubadala World Tennis Championship in Abu Dhabi next week.
The match with be the 36-year-old Williams’ first in almost a year as she prepares to try to defend her Australian Open crown in January, a title…
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Mutko stepping down as Russia Football Union chief
MOSCOW (Reuters) – Russia Deputy Prime Minister Vitaly Mutko, banned for life from the Olympics this month, is temporarily stepping down from his role as head of the country’s Football Union, he said on Monday.
Mutko is to appeal to the Court of Arbitration for Sport (CAS) on Tuesday against the decision by the International Olympic Committee (IOC) to ban him from the Games over allegations of…
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Sailing: Near collision at start of Sydney-Hobart yacht race
SYDNEY (Reuters) – Australian super-maxi Black Jack was first out of the Sydney Heads after two of the leading contenders for line honors almost collided at the beginning of the Sydney to Hobart Yacht race on Tuesday.
The Mark Bradford-helmed Black Jack, which took line honors in 2009 as Alfa Romeo, was one second ahead of LDV Comanche at the first mark and kept its slim lead as the boats…
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Former Peru soccer official found not guilty in U.S. FIFA bribery case
(Reuters) – Former Peru soccer federation president, Manuel Burga, was found not guilty on Tuesday of racketeering conspiracy by a U.S. jury in New York.
Burga was charged along with Juan Angel Napout, the former president of the South American soccer governing body CONMEBOL and Paraguay’s soccer federation, and Jose Maria Marin, former president of Brazil’ soccer federation, with taking bribes…
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NFL: National Football League roundup
(The Sports Xchange) – Former Pittsburgh Steelers franchise sack leader James Harrison signed a one-year deal with the New England Patriots following a visit with the team on Tuesday after going unclaimed on waivers and becoming a free agent, according to multiple reports.
Harrison’s deal, at $1 million for an entire season, will pay him a prorated base salary of $58,824, per sports contract…
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