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

Oscar de la Renta

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

satya nadella

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...]

Obama signs order to tighten security for federal credit cards

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By Sarah N. Lynch and Steve Holland - WASHINGTON (Reuters) U.S. President Barack Obama signed an executive order on Friday to beef up security measures for federal credit cards, and urged banks and retailers to follow suit in an effort to combat the growing threat of identity fraud. The order, … [Read more...]

Amazon expands grocery delivery service to Brooklyn

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By Deepa Seetharaman - SAN FRANCISCO (Reuters) Amazon.com Inc is expanding its online grocery delivery program to Brooklyn's well-heeled Park Slope neighborhood on Friday, giving the No. 1 U.S. online retailer a foothold in one of the wealthiest and densest markets in the United States. The … [Read more...]

U.S. chipmaker AMD cuts workforce, gives weak revenue forecast

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By Noel Randewich - SAN FRANCISCO (Reuters) Struggling U.S. chipmaker Advanced Micro Devices Inc (AMD) said on Thursday it was cutting 7 percent of its workforce, and it gave a lower-than-expected revenue forecast for the current quarter, sending its shares lower. The company's third major round … [Read more...]

Friends will ‘be there for you’ in Netflix streaming deal

friends tv show

LOS ANGELES (Reuters) "Friends" may have wrapped up ten years ago, but Ross, Chandler, Monica, Rachel, Phoebe and Joey will appear on Netflix beginning in January, Warner Bros. TV and the online Internet-streaming service said. All 236 episodes of the popular NBC 10-season series, one of the … [Read more...]

Time Warner to launch HBO as streaming broadband service

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By Jennifer Saba - NEW YORK (Reuters) Time Warner Inc's HBO will launch a standalone online streaming service next year to make hit shows such as "Game of Thrones" available to people who do not subscribe to cable television. The move to take HBO "over-the-top" - media jargon that means … [Read more...]

Actor Neil Patrick Harris to host 2015 Oscars

Neil Patrick Harris at the Tonys

By Piya Sinha-Roy and Eric Kelsey - LOS ANGELES (Reuters) Actor Neil Patrick Harris, popular with younger TV viewers as the star of the sitcom "How I Met Your Mother," has been tapped to host next year's Academy Awards ceremony, the organizers of Hollywood's biggest night said on … [Read more...]

Netflix reports quarterly net subscriber additions below forecast

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(Reuters) Netflix Inc reported quarterly net subscriber additions below its forecast due to lower subscriber growth in the United States, sending the video-streaming company's shares down as much as 27 percent in extended trading. Netflix added a net of about 3 million customers worldwide in the … [Read more...]

Iliad shares jump after T-Mobile bid scrapped

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By Leila Abboud and Gwénaëlle Barzic - PARIS (Reuters) Relieved investors sent shares in French low-cost telecom operator Iliad up nearly 10 percent on Tuesday after it abandoned its effort to buy the fourth-largest U.S. carrier T-Mobile. Backed by billionaire founder Xavier Niel, Iliad made … [Read more...]

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