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Qatar Could Buy more Deutsche Shares and Not Sell: Reuters

If the embattled German bank, Deutsche Bank, decides to raise capital Qatari investors who own the largest stake in Deutsche Bank do not plan to sell their shares and could consider buying more, reported Reuters.   Qatar controlled funds increased their stake to just under 10 percent,...

Foreign Spy Law Authorized Yahoo Email Scan: Reuters

U.S. government officials were quoted by the media saying that authority under a foreign intelligence law was given to a Yahoo operation in 2015 to scan the incoming email of its customers for specific information identified by the U.S. government.   Reuters had reported that in response to...

Limiting Damage from Smartphone Recall too Tough for Samsung to Handle

Samsung Electronics is still desperately trying to limit the damage of a record global recall announced more than a month ago with heated meetings, sacrificed holidays and teams monitoring social media round-the-clock to track whether there have been any new smartphone fires.   In major...

New Hardware Push by Google Aims to Take on Apple

Planting itself firmly in the hardware business and challenging Apple Inc's iPhone at the high end of the $400 billion global smartphone market, Alphabet Inc's Google on Tuesday announced a new "Pixel" smartphone and a suite of new consumer electronics products for the home.   In what is the...

Hardware, ‘Advanced’ Tech to be Developed at Apple’s New $45 million Research Hub In China

Amidst the efforts by Apple Inc to reverse declining sales in the country, the U.S. tech giant is making a huge investment in research and development in China, its first ever in the second largest economy of the world.   The company would invest 300 million yuan ($45 million) in a research...

Partnering with Deloitte, Apple Deepens its Enterprise Push

As Apple Inc.’s latest attempt to boost enterprise sales as its key product, the iPhone, shows signs of maturation, Deloitte LLP will open a new practice to help corporate clients work with Apple products.   The two companies announced a partnership on Wednesday to this effect.   The...

Wells Fargo Board Orders Review and CEO Forfeits Millions

While the company's board investigates Wells Fargo's sales practices, its Chief Executive Officer John Stumpf will not get a salary and will forfeit unvested equity awards worth about $41 million, the bank said on Tuesday.   The bank said that no severance would be given and unvested equity...

Depending on the New Owner, Twitter Could Take Many Forms

Twitter -may end up heading in one of several distinctly different directions depending on who ends up paying for it with speculation mounting that Twitter Inc will soon have a new corporate owner. The 10-year-old social networking service has long struggled to define its core purpose.  ...

49% of Rolling Stone to Singapore’s BandLab to be Sold by Jann Wnner

The founder of Rolling Stone is selling 49 percent of the iconic magazine to an Asian billionaire’s son after a five-decade run full of interviews with pop stars and presidents. In a deal that encapsulates the plight of an industry fighting to stay relevant in an online age, it’s the first time...

Smoke from a Samsung Phone in Flight on an Indian Airline Raises Alarm

India's aviation regulator said that while there was no damage and the aircraft landed safely, a Samsung Electronics smartphone stored in an overhead baggage compartment on an Indian plane did emit smoke in mid-flight on Friday.   The airline, owned by InterGlobe Aviation, said in an emailed...

Asia Investment Bank Jobs of Goldman Sachs Planned to be Cut by 25%

There has been a steep clump in the deal making market in Asia and this has forced the Goldman Sachs Group Inc. to plan job cuts in the regions, except Japan, to the tune of about 25 percent of the workforce in the investment-banking jobs there, sources in the market with knowledge of the matter...

Data from 500 Million Accounts in 2014 Stolen by Hackers, says Yahoo

Yahoo believes that a state-sponsored actor conducted a theft that appeared to be the world's biggest known cyber breach by far resulting in hacking of at least 500 million of its accounts in 2014, the company said.   The company said that names, email addresses, telephone numbers, dates of...
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