U.S. judge faults Uber, bans background check in NY lawsuit

A federal judge on Monday banned Uber Technologies Inc and its Chief Executive Travis Kalanick from using information from a background check on a passenger bringing a price-fixing lawsuit, saying the investigative firm conducting the probe may have engaged in criminal conduct. U.S. District Judge Jed Rakoff in Manhattan also faulted the popular ride-sharing service for hiring the firm, Ergo, at all. Rakoff called it a “sad day” that Uber felt compelled to authorize what became an “intrusive and clandestine,” and ultimately unsuccessful, probe to unearth damaging information about the plaintiff Spencer Meyer and his lawyer.

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U.S. judge faults Uber, bans background check in NY lawsuit

Verizon to buy Yahoo’s core business for $4.83 billion

Verizon Communications Inc said on Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash to expand its digital advertising and media business, ending a lengthy sale process for the fading Web pioneer. The purchase will boost Verizon's AOL internet business, which it bought last year for $4.4 billion, as it gains access to Yahoo's ad technology tools, BrightRoll and Flurry, and search, mail and messenger assets. “Yahoo gives us scale that is what is most critical here, Marni Walden, who is head of product innovation and new business at Verizon told CNBC, adding that the company's audience will go from the millions to the billions.

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Verizon to buy Yahoo’s core business for $4.83 billion

Pokemon GO blamed for illegal border crossing from Canada to U.S.

(Reuters) – Two youths unaware of their surroundings when they were playing Pokemon GO on their cell phones made an illegal border crossing this week from Canada into the United States in a remote part of Montana, U.S. Customs and Border Patrol said. The two, who were not identified, were found by U.S. Border Patrol agents on Thursday, with their attention affixed to their phones as they were trying to hunt down cartoon characters on a journey that took them over the border. “Both juveniles were so captivated by their Pokemon GO games that they lost track of where they were,” said Michael Rappold, a spokesman for the agency.

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Pokemon GO blamed for illegal border crossing from Canada to U.S.

U.S. asks phone companies to provide ‘robocall’ blocking technology

By David Shepardson WASHINGTON (Reuters) – The chairman of the Federal Communications Commission on Friday pressed major U.S. phone companies to take immediate steps to make technology that blocks unwanted automated calls available to consumers at no charge. FCC Chairman Tom Wheeler, in letters to CEOs of major phone companies, said so-called robocalls, automated pre-recorded telephone calls often from telemarketers or scam artists, continue “due in large part to industry inaction.” Wheeler's letters went to chief executives of companies including Verizon Communications Inc, AT&T Inc, Sprint Corp, US Cellular Corp, Level 3 Communications Inc, Frontier Communications Corp, Bandwidth.com Inc, and T-Mobile US.

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U.S. asks phone companies to provide ‘robocall’ blocking technology

Yahoo focused on selling core assets to Verizon: sources

(Reuters) – Yahoo Inc is focused on selling its core assets to U.S. telecommunications company Verizon Communications Inc after reviewing final bids that it received in an auction, people familiar with the matter said on Friday. Yahoo views Verizon as the buyer that can deliver the most value, but negotiations between the two companies are continuing, and no deal has yet been reached, the people said. The value of Verizon's bid could not be learned.

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Yahoo focused on selling core assets to Verizon: sources

Apple to open first Apple Store in Taiwan

Apple Inc is planning to open its first Apple Store in Taiwan, a move that comes after the U.S. technology giant raised $1.38 billion in a bond offering last month on the island that is home to many companies in its supply chain. Apple was seeking “a leader for personnel training plans for the Taiwan Apple Store” and other retail positions indicating it was looking for a team in Taiwan, according to job postings dated Friday on Apple's website. The Cupertino, California-based company confirmed it had plans to open the first Apple Store in Taiwan, but provided no other details.

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Apple to open first Apple Store in Taiwan

Intel’s slowing data center growth overshadows strong profit

Hurt by weak demand from enterprises, revenue at the highly-profitable unit rose 5 percent to $4 billion, but lagged the previous quarter's 9 percent increase and remained below Intel's annual target of low double-digit growth. “As we enter the second half, we expect the enterprise segment of the business to stabilize and the cloud segment growth rate to accelerate,” Intel's finance chief Stacy Smith said on a call with analysts. Intel has been focusing on the unit and its operation that makes chips for Internet-connected devices, as it seeks to lower dependence on the slowing PC market that it once helped create.

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Intel’s slowing data center growth overshadows strong profit

Strong demand from China buoys Qualcomm forecast

Qualcomm Inc forecast current-quarter profit largely above market estimates as it sees strong demand for its mobile chips in China and expects to sign more licensing deals. “We are seeing incremental demand for our lower-tier chip sets in China versus our prior expectations,” Chief Executive Steve Mollenkopf said on a call with analysts. The company, whose chips are used in Apple Inc and Samsung Electronics Co Ltd smartphones, is focusing on its flagship mobile processors to regain the market share.

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Strong demand from China buoys Qualcomm forecast

United States joins case over Facebook data transfers from EU

The United States can join a landmark case on the legality of cross-border data transfers, an Irish court ruled on Tuesday in a move that gives U.S. authorities a platform to defend their surveillance laws before the European Union's top court. The U.S. authorities had asked the Irish High Court to be a party to the case taken by Austrian privacy activist Max Schrems against Facebook, which has its European headquarters in Dublin, over data transfers from the EU to the United States.

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United States joins case over Facebook data transfers from EU

Nintendo’s market cap doubles to $42 billion since Pokemon GO launch

By Hideyuki Sano TOKYO (Reuters) – Shares of Japan's Nintendo Co soared another 14 percent on Tuesday, more than doubling the firm's market capitalization to 4.5 trillion yen ($42.5 billion) in just seven sessions since the mobile game Pokemon GO was launched in the United States. The phenomenal success of Pokemon GO – now available in 35 countries, the majority in Europe, and most recently in Canada – has triggered massive buying in Nintendo shares, surprising even some seasoned market players. “I've never seen the trend of such a big company's shares changing so quickly in such a short period of time,” said Takashi Oba, senior strategist at Okasan Securities.

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Nintendo’s market cap doubles to $42 billion since Pokemon GO launch