Saturday Night Live interns settle NBCUniversal wage lawsuit

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By Jonathan Stempel - NEW YORK (Reuters) Thousands of former interns at NBCUniversal, including on the late-night TV show "Saturday Night Live," have reached a $6.4 million settlement of a class-action lawsuit claiming they should have been paid for their work. The settlement resolves claims … [Read more...]

America Movil says not in talks over T-Mobile US

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MEXICO CITY (Reuters) America Movil is not talking to anybody at this stage about a possible purchase of T-Mobile US, Chief Executive Daniel Hajj told a conference call on Friday. Germany's Monthly Manager Magazin on Thursday said America Movil was a possible buyer of the company, citing people … [Read more...]

Microsoft sales beat Street hopes, shares rise

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SEATTLE (Reuters) Microsoft Corp reported higher-than-expected revenue for its fiscal first quarter on Thursday, helped by stronger sales of its phones, Surface tablets, and cloud-computing products for companies, while keeping its profit margins intact. The results allayed fears of investors in … [Read more...]

FCC pauses clock on AT&T-DirectTV, Comcast-TWC merger reviews

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WASHINGTON (Reuters) The U.S. Federal Communications Commission on Wednesday paused its informal "shot clock" deadline on the reviews of the proposed mergers of AT&T Inc and DirecTV, and of Comcast Corp and Time Warner Cable Inc over the issue of confidential programming agreements. The FCC, … [Read more...]

Hungary plans new tax on Internet traffic, public calls for rally

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By Marton Dunai - BUDAPEST (Reuters) Hungary plans to impose a new tax on Internet data transfers, a draft 2015 tax bill submitted to parliament late on Tuesday showed, in a move that could hit Internet and telecoms providers and their customers hard. The draft tax code contains a provision for … [Read more...]

Big Tech winning battle with ‘patent trolls’

Patent troll art: Bob MacNeil

By Andrew Chung and Dan Levine (Reuters) For two decades, companies that buy software patents to sue technology giants have been the scourge of Silicon Valley. Reviled as patent trolls, they have attacked everything from Google's online ads to Apple's iPhone features, sometimes winning hundreds of … [Read more...]

Angie’s List revenue jumps 24 percent as ad sales rise

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(Reuters) Angie's List Inc, which operates a website that allows users to review local businesses, reported a 24 percent jump in quarterly revenue as it earned more from advertising and fees. The company's net loss narrowed to $5.2 million, or 9 cents per share, in the third quarter ended Sept. … [Read more...]

Apple CEO discusses security with top Chinese official amid hacking claims – Xinhua

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BEIJING (Reuters) Apple Inc Chief Executive Tim Cook discussed user data security at a meeting on Wednesday with a top Chinese government official in Beijing, the official Xinhua news agency reported. The meeting comes days after a Chinese web monitoring group published a report saying Apple … [Read more...]

Apple seen riding higher on strong iPhone demand, iPad rebound

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(Reuters) Strong global demand for Apple Inc's iPhone 6 will drive revenue growth through 2015, while updated models should help reverse three straight quarters of declining iPad sales, analysts said. Apple shares were set to open 2.4 percent higher on Tuesday. The company posted … [Read more...]

Fashion designer Oscar de la Renta dead at 82

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By Mary Milliken and Curtis Skinner (Reuters) Oscar de la Renta, one of the most sought-after fashion designers of the last half century, dressing American first ladies and Hollywood stars in his classic silhouettes, died on Monday at the age of 82. An individual taking calls at the designer's … [Read more...]

New Microsoft CEO pay tops $80 million with big stock awards

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SEATTLE (Reuters) Microsoft Corp's new Chief Executive Satya Nadella has become one the technology industry's biggest earners, with a total compensation package worth $84.3 million this year, according to a document filed with securities regulators on Monday. The outsize number is mostly made up … [Read more...]

Amazon strikes deal with Simon & Schuster on e-book prices

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(Reuters) Online book retailer Amazon.com Inc said on Monday it has signed a multi-year deal with Simon & Schuster Inc, the second Big-Five book publisher, on the future price of e-books. Amazon, which had been in talks with Simon & Schuster since July over pricing, confirmed the deal … [Read more...]

Staples says probing possible payment card data breach

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(Reuters) Staples Inc is investigating a possible breach of payment card data and has contacted law enforcement about the matter, making it the latest U.S. retailer to become a possible victim of a cyberattack. "Staples is in the process of investigating a potential issue involving credit card … [Read more...]

Wall Street urges U.S. regulators’ joint cybersecurity approach

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By Sarah N. Lynch and Douwe Miedema - WASHINGTON (Reuters) Wall Street's top trade group is calling for the creation of a new inter-agency working group of regulators and the White House that would be tasked with developing consistent cybersecurity rules for the financial industry. The … [Read more...]

BlackBerry shares up after unconfirmed report on possible Lenovo bid

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By Euan Rocha - TORONTO (Reuters) BlackBerry shares rose more than 3 percent on Monday after a news website said Chinese computer maker Lenovo Group might offer to buy the Canadian technology company. Benzinga.com, citing an unnamed source familiar with the matter, said an offer worth $15 a … [Read more...]

Brad Pitt’s ‘Fury’ all the rage at U.S., Canada box office

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By Lisa Richwine and Chris Michaud (Reuters) Brad Pitt's gritty World War Two drama "Fury" conquered all box office foes over the weekend, ringing up $23.5 million in ticket sales at theaters in the United States and Canada. "Fury" kicked two-time box office leader "Gone Girl" to second place. … [Read more...]

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