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FCC will not say if agency will review AT&T purchase of Time Warner

U.S. Federal Communications Commission Chairman Tom Wheeler on Thursday declined to say if he thinks the commission will review AT&T's proposed $85.4 billion purchase of Time Warner Inc. At a press conference, Wheeler called questions hypothetical, since nothing has been filed. Some analysts have suggested that since Time Warner only holds one broadcast license and some satellite licenses that the transaction could avoid a full-scale review by the FCC. “We ought to see how things develop,” Wheeler said, declining to …

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FCC will not say if agency will review AT&T purchase of Time Warner

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Twitter beats estimates, cuts jobs with eye on 2017 profitability

The company is “more disciplined about how we invest in the business” and intends to be profitable in 2017, said Chief Financial Officer Anthony Noto. Among its priorities, Twitter is dedicated to growing its burgeoning live video offerings through partnerships with organizations such as the National Football League, Noto said. Twitter, which has seen user growth stall amid competition from nimbler rivals such as

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Twitter beats estimates, cuts jobs with eye on 2017 profitability

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U.S. business spending tepid; labor market firming

By Lucia Mutikani WASHINGTON (Reuters) – New orders for U.S. manufactured capital goods unexpectedly fell in September amid weak demand for computers and electronic products, which could temper expectations for an…

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U.S. business spending tepid; labor market firming

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Qualcomm to buy NXP for $38 billion in biggest chip deal

Smartphone chipmaker Qualcomm Inc agreed to buy NXP Semiconductors NV for about $38 billion in the biggest-ever deal in the semiconductor industry, making it the leading supplier to the fast-growing automotive chips market. The acquisition will also help Qualcomm, which provides chips to Android smartphone makers and Apple Inc , reduce…

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Qualcomm to buy NXP for $38 billion in biggest chip deal

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Fed moves to quell charges of opacity, lack of diversity

The Federal Reserve has rolled out a series of announcements, online forums and meetings with Americans this year in response to outspoken civic groups and many Democrats, including Hillary Clinton, calling for …

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Fed moves to quell charges of opacity, lack of diversity

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Tesla says self-driving hardware to be built into all its cars

By Alexandria Sage SAN FRANCISCO (Reuters) – Chief Executive Elon Musk said on Wednesday all new Tesla Motors Inc models will come with hardware to enable them to be fully self-driving, as the Silicon Valley electric car company bids to be the first among many rivals to…

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Tesla says self-driving hardware to be built into all its cars

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Yahoo, ACLU press U.S. to disclose secret surveillance orders

By Joseph Menn SAN FRANCISCO (Reuters) – Yahoo Inc on Wednesday asked U.S. Director of National Intelligence James Clapper to declassify a surveillance order the company had received so it can respond to a Reuters report that it set up a special program last year to scan all Yahoo Mail users' incoming messages. Separately, the American Civil Liberties Union filed a motion before the U.S. Foreign Intelligence Surveillance Court asking it to release the Yahoo order and over 20 other significant rulings dating back more than a decade. Reuters …

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Yahoo, ACLU press U.S. to disclose secret surveillance orders

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Apple refused China request for source code in last two years: lawyer

Apple Inc has been asked by Chinese authorities within the last two years to hand over its source code but refused, the company's top lawyer told lawmakers on Tuesday in response to U.S. law enforcement criticism of its stance on technology security. The congressional testimony highlighted an issue at the heart of a heated disagreement between Apple and the FBI over unlocking encrypted data from an iPhone linked to last December's San Bernardino, California shootings – how much private technology companies should cooperate with governments. Law …

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Apple refused China request for source code in last two years: lawyer

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Exclusive: Verizon set to make Yahoo’s bidder short list – sources

Verizon Communications Inc was set on Tuesday to advance to the second stage of bidding for Yahoo Inc's core assets, as the U.S. internet company went through offers to put together a short list, people familiar with the matter said. Verizon submitted its offer with advice from investment banks Guggenheim Partners LLC, LionTree

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Exclusive: Verizon set to make Yahoo’s bidder short list – sources

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U.S. slaps export curbs on China’s ZTE over alleged Iran scheme

The United States is imposing export restrictions on China's ZTE Corp and three other entities over an alleged scheme developed by the telecoms equipment maker to re-export controlled items to Iran, contrary to U.S. law, according to a U.S. notice on Monday. The U.S. Commerce Department, in the public notice, cited ZTE documents that showed the mobile handset maker planned to use shell companies in the scheme, leading the department to impose export curbs…

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U.S. slaps export curbs on China’s ZTE over alleged Iran scheme