CenturyLink to buy Level 3 Communications for about $24 billion

CenturyLink Inc said it would buy Level 3 Communications Inc in a deal valued at about $24 billion to expand its fiber optic network and enterprise business and compete with telecommunications rivals like AT&T Inc and Verizon VZ.N . CenturyLink's shares slumped 12 percent to $26.74 in afternoon trading on Monday, while shares of Level 3 surged 4.6 percent to $56.55. CenturyLink aims to create a formidable enterprise telecom player as business clients seek more bandwidth and faster networks to move data traffic.

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CenturyLink to buy Level 3 Communications for about $24 billion

Facebook says will remove fewer pictures, stories after Vietnam photo row

Facebook will allow more content on its platform that it would have earlier removed because it violated its standards, a senior company executive said on Monday, following the controversy over the removal of an iconic Vietnam War photo. “We have made a number of policy changes after The Terror of War photo.

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Facebook says will remove fewer pictures, stories after Vietnam photo row

Tesla’s Musk adds solar roofs to his clean energy vision

Tesla Motors Inc Chief Executive Elon Musk on Friday unveiled new energy products aimed at illustrating the benefits of combining his electric car and battery maker with solar installer SolarCity Corp. The billionaire entrepreneur showed of solar-powered roof tiles that eliminate the need for traditional panels and a longer-lasting home battery, which Tesla calls the Powerwall, aimed at realizing his vision of selling a fossil fuel free lifestyle to consumers. The key is it needs to be beautiful, affordable and seamlessly integrated,” Musk said while showcasing the products on homes that once served as the set of the television show “Desperate Housewives.” Musk is the biggest shareholder in both Tesla and SolarCity, which is run by two of his first cousins.

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Tesla’s Musk adds solar roofs to his clean energy vision

Google tries new approach with voice on Pixel phone

About six months ago, people working on hardware and the voice-activated Google Assistant for the Pixel phone started sitting next to each other at the company's Mountain View, California headquarters, hammering out minute details of its first phone. The new seating arrangement illustrated a much larger shift underway at Alphabet Inc's Google, which crashed Apple Inc's smartphone revolution eight years ago by giving away its Android software and letting handset makers do the rest. Google software now runs on 85 percent of the world's smartphones, but as voice control threatens to replace touch as the primary means of using a hand-held device, the company is experimenting with a different approach – more akin to Apple's tight integration of hardware and software.

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Google tries new approach with voice on Pixel phone

Toyota invests in U.S. car-sharing service

Toyota Motor Corp on Friday said it has invested in U.S. car-sharing company Getaround, a move that comes as global automakers seek to shore up their presence in new technology sectors amid growing competition from transport startups. The world's biggest-selling automaker confirmed in an email to Reuters that it has invested in the San Francisco-based start-up through its investment fund, Mirai Creation Investment Limited Partnership, but declined to offer further details. Earlier on Friday, Japan's Nikkei newspaper reported that Getaround was believed to have received around $10 million from the fund.

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Toyota invests in U.S. car-sharing service

EU privacy watchdogs warn WhatsApp on privacy policy, Yahoo on breach

By Julia Fioretti BRUSSELS (Reuters) – European privacy watchdogs said on Friday they had sent letters to WhatsApp over its sharing of information with parent company Facebook and Yahoo over a 2014 data breach and its scanning of customer emails for U.S. intelligence purposes. European Union data protection authorities said they had serious concerns about WhatsApp's recent change in privacy policy in which it would share users' phone numbers with Facebook, its first change in policy since Facebook bought the messaging service.

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EU privacy watchdogs warn WhatsApp on privacy policy, Yahoo on breach

U.S. FCC chairman wants more industry action on robocalls

By David Shepardson WASHINGTON (Reuters) – A task force of more than 30 major technology and communication companies said they have made progress but have not found a solution to eliminate “robocalls” or automated, prerecorded phone calls, but a top U.S. regulator urged faster action. “We are not yet where we want to be,” Federal Communications Commission Chairman Tom Wheeler said Wednesday at a meeting of industry executives who have been working on the issue since August. AT&T Chief Executive Officer Randall Stephenson, who is chairing the strike force, said the blue-ribbon group has “come a long way in 60 days and we've got a long way to go – I fully recognize that Mr. Chairman, he said.

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U.S. FCC chairman wants more industry action on robocalls

Privacy group launches legal challenge against EU-U.S. data pact: sources

By Julia Fioretti and Dustin Volz BRUSSELS/WASHINGTON (Reuters) – A widely expected legal challenge has been filed by an Irish privacy advocacy group to an EU-U.S. commercial data transfer pact underpinning billions of dollars of trade in digital services just two months after it came into force, sources said. The EU-U.S. Privacy Shield was agreed earlier this year after the European Union's highest court struck down the previous such framework for transferring Europeans' private data to the United States on concerns about intrusive U.S. surveillance. Digital Rights Ireland has challenged the adoption of the “Privacy Shield” by the EU executive – which negotiated the pact with Washington – in front of the second-highest EU court, arguing it does not contain adequate privacy protections, several people familiar with the matter said on Wednesday.

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Privacy group launches legal challenge against EU-U.S. data pact: sources

‘Siri, catch market cheats’: Wall Street watchdogs turn to A.I.

Artificial intelligence programs have beaten chess masters and TV quiz show champions. Two exchange operators have announced plans to launch artificial intelligence tools for market surveillance in the coming months and officials at a Wall Street regulator tell Reuters they are not far behind. A.I. may even sniff out new types of chicanery, said Tom Gira, executive vice president for market regulation at the Financial Industry Regulatory Authority (FINRA).

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‘Siri, catch market cheats’: Wall Street watchdogs turn to A.I.

AT&T, Time Warner shares dip with worries about deal clearance

Wall Street signaled skepticism on Monday that AT&T Inc would secure the government approvals needed to carry out its planned $85.4 billion acquisition of Time Warner Inc, with shares of both companies falling as analysts scrutinized the deal. Time Warner shares were trading some 20 percent below the implied value of AT&T's $107.50 per share cash and stock offer, indicating investors doubt that the companies would be able to complete the transaction. The deal, announced on Saturday, would give AT&T control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted assets and reshape the media landscape.

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AT&T, Time Warner shares dip with worries about deal clearance