Technology News

S&P sector reshuffle may do little for telecom stocks

(Reuters) - The S&P 500’s three-company telecommunications services index .SPLRCL is about to be folded into a much higher-profile group, but a brighter spotlight may not be enough to boost the stocks as investors continue to favor growth sectors. The three telecom stocks - Verizon Communications Inc (VZ.N), AT&T Inc (T.N) and CenturyLink Inc (CTL.N) - will be included a newly-minted S&P 500 Communicat...

20 Sep 4:01 PM 0 Read More...

Turkey fines Google for violating competition law

ANKARA (Reuters) - Turkey’s competition authority said on Thursday it had fined Google some 93 million Turkish lira ($15 million) for violating competition laws with its mobile software sales. In a statement, the competition authority said Google LLC, Google International and Google Reklamcilik were given six months to make the necessary changes in order to “reinstill effective competition in the market and end t...

20 Sep 2:12 PM 0 Read More...

Tencent-backed Meituan climbs 5 percent on debut, brightens outlook for HK IPOs

HONG KONG (Reuters) - Meituan Dianping (3690.HK) rose 5 percent on debut in Hong Kong on Thursday, valuing the Chinese online food delivery-to-ticketing services firm at about $55 billion and sending a positive signal to companies lining up to list in the financial hub. The stock’s performance is being seen as a test of investor appetite for Hong Kong listings against a backdrop of weak markets and multi-billion do...

20 Sep 11:03 AM 0 Read More...

Facebook and Twitter must comply with EU consumer rules or face sanctions

BRUSSELS (Reuters) - Facebook (FB.O) and Twitter (TWTR.N) face sanctions unless they comply with European consumer rules by the end of the year, the EU said as its regulators continue to their crackdown on U.S. social media giants over privacy concerns. Online platforms have come under fire in Europe because of their dominance and anti-competitive business practices, resulting in hefty fines handed down to some compa...

20 Sep 10:24 AM 0 Read More...

EU says Facebook must comply with EU consumer rules by end-2018 or face sanctions

BRUSSELS (Reuters) - Europe’s justice chief gave U.S. social media giant Facebook (FB.O) until the end of the year to comply with EU consumer rules or face sanctions. European Justice Commissioner Vera Jourova also said on Thursday that Airbnb had made the necessary changes after being told to do so three months ago, confirming a Reuters story on Wednesday. “My patience has reached its limit. While Facebook assur...

20 Sep 8:21 AM 0 Read More...

Inmarsat and Panasonic partner on in-flight broadband

LONDON (Reuters) - British satellite company Inmarsat said it would collaborate with Japan’s Panasonic Avionics in providing in-flight broadband for commercial airlines. The 10-year agreement will see Inmarsat become Panasonic’s exclusive provider of connectivity using the Ka-band satellite signal, Inmarsat said on Thursday. In return, it will offer Panasonic’s portfolio of services to its commercial aviation ...

20 Sep 7:57 AM 0 Read More...

Cash-flush Rocket Internet lifted by $175 million buyback plan

BERLIN (Reuters) - German ecommerce company Rocket Internet responded to investor calls to use some of its 2.1 billion euro cash pile on Thursday with a plan to buy back shares worth up to 150 million euros ($175 million), 3.6 percent of its outstanding stock. Shares in Rocket, which had a shaky start after listing in 2014 but have risen by more than a third this year after the IPOs of start-ups Delivery Hero, HelloF...

20 Sep 7:39 AM 0 Read More...

VIX: Wall Street 'fear gauge' - manipulated or maligned?

NEW YORK (Reuters) - Cboe Global Markets (CBOE.Z) is taking several steps, including recruiting artificial intelligence, to put to rest concerns that its VIX volatility index was prone to manipulation and that contributed to a blow-up of some complex volatility products in February. WHAT IS THE VIX? The VIX is a measure of expected 30-day volatility for U.S. stocks based on options on the S&P 500 Index .SPX. VIX ...

20 Sep 5:09 AM 0 Read More...

Cboe exchange turns to machines to police its 'fear gauge'

NEW YORK (Reuters) - Hard pressed to quash allegations that its popular “fear gauge” is being manipulated, Cboe Global Markets (CBOE.Z) is turning to artificial intelligence to help put those concerns to rest. The exchange, which owns the lucrative volatility index the VIX .VIX, has taken several steps to confront manipulation claims that have helped drive the Cboe’s stock down about 15 percent this year, putti...

20 Sep 5:09 AM 0 Read More...

Two Australian banks among six targeted by fake apps: security firm

SYDNEY (Reuters) - Customers of six banks including two of Australia’s largest lenders have had their personal details stolen by fake banking apps on the Google Play store, an internet security firm said. Slovakian-based security software firm ESET said the official-looking apps had been downloaded over a thousand times since they were uploaded to the Google Play store in June. In addition to Australia’s Commonwe...

20 Sep 4:33 AM 0 Read More...