Technology News

Buffett bashes bitcoin as nonproductive, thriving on mystique

NEW YORK (Reuters) - Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as “rat poison squared,” thrive on the hope they’ll find other people who will pay more for it. Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick WilkingLikening bitcoin deman...

07 May 11:06 AM 0 Read More...

ZTE asks U.S. Commerce Department to suspend business ban

BEIJING (Reuters) - China’s ZTE Corp (0763.HK) (000063.SZ) has submitted an application to the U.S. Commerce Department’s Bureau of Industry and Security (BIS) for the suspension of a business ban, it said in a filing to the Shenzhen stock exchange on Sunday. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration/File PhotoWashington imposed a sev...

07 May 7:11 AM 0 Read More...

ZTE applies to U.S. Commerce department for suspension of business ban

(Reuters) - China’s ZTE Corp (0763.HK) (000063.SZ) has submitted an application to the U.S. Commerce Department’s Bureau of Industry and Security for the suspension of a business ban, it said in a filing to Shenzhen stock exchange on Sunday. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration/File PhotoWashington imposed a seven-year ban on U.S...

06 May 1:14 PM 0 Read More...

Apple and Buffett saw value, and acted

SAN FRANCISCO (Reuters) - Apple Inc (AAPL.O) was not the only one to leap on a chance to buy its stock at a fat discount last quarter as Warren Buffett stepped in to scoop up an additional 75 million shares for Berkshire Hathaway (BRKa.N) at the same time. FILE PHOTO: An iPhone X is seen on a large video screen in the Apple visitor centre in Cupertino, California, U.S., November 17, 2017. REUTERS/Elijah Nouvelage/Fil...

06 May 12:24 PM 0 Read More...

UK watchdog orders Cambridge Analytica to hand over American's personal data

(Reuters) - Britain’s data privacy watchdog has ordered Cambridge Analytica to hand over all the personal information it holds on a U.S. academic, confirming the right of people abroad to seek data held by a UK firm. The nameplate of political consultancy, Cambridge Analytica, is seen in central London, Britain March 21, 2018. REUTERS/Henry Nicholls Data privacy activists say that it sets a precedent that would e...

06 May 11:45 AM 0 Read More...

Three-quarters Facebook users as active or more since privacy scandal: Reuters/Ipsos poll

NEW YORK/SAN FRANCISCO (Reuters) - Most of Facebook’s U.S. users have remained loyal to the social network despite revelations that a political consultancy collected information about millions of accounts without owners’ permission, a Reuters/Ipsos poll released on Sunday showed. FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of Facebook logo in this picture illustration taken March...

06 May 10:05 AM 0 Read More...

Buffett craves more Apple shares, endorses its buybacks

OMAHA, Neb. (Reuters) - Billionaire Warren Buffett has been buying a boatload of Apple Inc shares and on Saturday suggested he would buy even more shares at the right price. At Berkshire Hathaway Inc’s annual shareholder meeting, Buffett credited Apple with developing “extremely sticky” products to which consumers become attached and endorsed Apple’s decision to buy back its own stock, saying it was the techn...

05 May 11:22 PM 0 Read More...

Buffett owns 5 percent of Apple. He'd like to own more

OMAHA, Neb. (Reuters) - Warren Buffett said he would be happy if his conglomerate Berkshire Hathaway Inc owned more than 5 percent of Apple Inc’s stock, including if the iPhone maker bought back more of its shares. Warren Buffett, CEO of Berkshire Hathaway Inc, tours the exhibit hall at the company's annual meeting in Omaha, Nebraska, U.S., May 5, 2018. REUTERS/Rick WilkingBuffett made his assessment before tens of...

05 May 8:49 PM 0 Read More...

Amazon unsuccessfully approached UK supermarket Waitrose in 2017: Sunday Times

LONDON (Reuters) - Amazon (AMZN.O) made an unsuccessful informal attempt to buy upmarket British supermarket chain Waitrose late last year, the Sunday Times newspaper reported. FILE PHOTO: Waitrose shopping carts are seen outside a supermarket in west London July 6, 2010. REUTERS/Toby MelvilleCiting an unidentified source, the newspaper said Amazon’s vice president of special projects, Ajay Kavan, approached an un...

05 May 8:45 PM 0 Read More...

Qualcomm to depose Apple services chief Eddy Cue

(Reuters) - Qualcomm Inc can depose Apple Inc’s services chief Eddy Cue in addition to Chief Executive Tim Cook, a magistrate judge in the U.S. District Court for the Southern District of California ruled on Friday, part of the chipmaker’s effort to determine whether Apple worked with Samsung to focus regulatory scrutiny on Qualcomm. Eddy Cue, Senior VP of Internet Software, introduces Apple TV during a launch ev...

04 May 8:52 PM 0 Read More...