Foxconn to use proceeds from unit’s Shanghai IPO to fund $4 billion projects Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, said it plans to use proceeds from a Shanghai listing of one if its subsidiaries to fund eight projects totaling 27.3 billion yuan ($4 billion). In January, Foxconn, formally […]
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Facebook launches $10 million community leader awards Facebook (FB.O) launched a community leadership program on Friday that will award $10 million in total to more than 100 people who have successfully built groups on the social network as part of its push to create “meaningful” interactions. The initiative, announced at […]
English Premier League rights bonanza kicks off with focus on Amazon England’s multi-billion pound Premier League rights auction kicked off on Friday with soccer fans waiting to see if a digital giant such as Amazon would enter the fray against pay-TV players Sky and BT. Officials running one of the […]
Mobile data plans outnumber residents in developed nations: OECD Mobile broadband subscriptions outnumbered people in developed nations for the first time last year as access costs fell amid increased regulation and competition, an OECD report published on Friday said. The Organisation for Economic Cooperation and Development (OECD) found there were […]
Facebook runs into lawsuit over Cambodian politics Former Cambodian opposition leader Sam Rainsy has filed a legal case in the United States to get Facebook to release information on Prime Minister Hun Sen’s use of the social media platform, his legal team said. Lawyers for Sam Rainsy, who fled Cambodia […]
Facebook Tests ‘Downvote’ Option for Flagging Abusive Comments Facebook is testing a new feature to let you quickly report abusive comments to the company. On Thursday, a mysterious option called “downvote” began to appear over the platform. Only a select number of test users have access to it, but the […]
‘Call of Duty’ drives big holiday quarter for Activision Blizzard Activision Blizzard Inc (ATVI.O) beat analysts’ expectations for revenue in the final quarter of 2017, helped by robust Christmas buying of its blockbuster “Call of Duty” videogame and higher digital sales. “Call of Duty: WWII”, which was released in November, […]
FireEye reports first-ever adjusted quarterly profit, shares jump Cyber security firm FireEye Inc (FEYE.O) on Thursday reported its first-ever quarterly adjusted profit since going public in 2013, highlighting gains from the company’s shift to a subscription model and its cost-cutting efforts. FireEye’s shares were up 13.2 percent in extended trading. […]
France, Germany want progress on taxing tech giants France and Germany intensified calls on Wednesday for U.S. technology giants to pay more tax in the European Union, with Paris saying the new bill could amount to billions of euros. French Finance Minister Bruno Le Maire said he wanted the EU […]
Senators propose bill to block U.S. from using Huawei, ZTE equipment Two Republican Senators introduced legislation on Wednesday that would block the U.S. government from buying or leasing telecommunications equipment from Huawei Technologies Co Ltd or ZTE Corp, citing concern the Chinese companies would use their access to spy on […]
