Silicon Valley’s obscure unicorns could boost 2017 IPO market

Such firms are a “leading indicator” of broader investor demand for market debuts, said Justin Smolkin, head of Americas technology equity capital markets at UBS Group AG . Such enterprise software companies generally sell their services through subscriptions that produce reliable revenue streams.

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Silicon Valley’s obscure unicorns could boost 2017 IPO market

Continental CEO says jobs will be lost in shift to electric cars

The shift to electric vehicles will cost jobs at German automotive supplier Continental, its chief executive told a newspaper, but he said many of those jobs would be offset by new positions related to electro-mobility. “Due to the low added value, production jobs will be lost,” German weekly paper Welt am Sonntag quoted Elmar Degenhart as saying in a summary of an article to be published on Sunday. Some 30,000 of 218,000 jobs at Continental are dependent on combustion engines, the paper said.

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Continental CEO says jobs will be lost in shift to electric cars

Foxconn joint venture to build $8.8 billion LCD plant in China

A joint venture between Hon Hai Precision Industry Co , known as Foxconn, and Sharp Corp plans to build a 61 billion yuan ($8.8 billion) factory in China to produce liquid-crystal displays (LCDs). Sakai Display Products Corp's plant will be a so-called Gen-10.5 facility specializing in large-screen LCDs and will be operational by 2019, the company said at a signing event with local officials in Guangzhou on Friday. It said the plant will have capacity equating to 92 billion yuan a year.

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Foxconn joint venture to build $8.8 billion LCD plant in China

China’s Midea receives U.S. green light for Kuka takeover

China's Midea said it will complete its takeover of German robotics maker Kuka in the first half of January after the United States authorities gave the deal a green light. The bid for Kuka, a high-tech robotics manufacturer, sparked controversy in Germany amid fears that key technologies were falling into foreign hands at a time when China protects its own companies against foreign takeovers. “The United States government authorities Committee on Foreign Investment in the United States and the Directorate of Defense Trade Controls on December 29, 2016 have cleared the takeover of Kuka,” Kuka said.

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China’s Midea receives U.S. green light for Kuka takeover

Amazon looks to the sky to store products

(Reuters) – Amazon.com Inc has filed for a patent to use airships to store products and serve as a base for delivery-drones.

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Amazon looks to the sky to store products

Battered Toshiba out of easy options to plug nuclear hole

By Makiko Yamazaki and Taro Fuse TOKYO (Reuters) – Faced with the prospect of a multi-billion-dollar writedown that could wipe out its shareholders' equity, Japan's Toshiba is running out of fixes: it is burning cash, cannot issue shares and has few easy assets left to sell. The Tokyo-based conglomerate, which is still recovering from a $1.3 billion accounting scandal in 2015, dismayed investors and lenders again this week by announcing that cost overruns at a U.S. nuclear business bought only last year meant it could now face a crippling charge against profit. Toshiba says it will be weeks before it can give a final number, but a writedown of the scale expected – as much as 500 billion yen ($4.3 billion), according to one source close to Toshiba – would leave the group scrambling to plug the financial hole and keep up hefty investments in the competitive memory chip industry, which generates the bulk of its operating profit.

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Battered Toshiba out of easy options to plug nuclear hole

South Korea regulator fines Qualcomm $854 million for violating competition laws

By Se Young Lee SEJONG, South Korea (Reuters) – South Korea's antitrust regulator fined Qualcomm Inc 1.03 trillion won ($854 million) for what it called unfair business practices in patent licensing and modem chip sales, a decision the U.S. firm said it will challenge in court. The Korea Fair Trade Commission (KFTC) said on Wednesday Qualcomm abused its dominant market position and forced handset makers to pay royalties for an unnecessarily broad set of patents as part of sales of its modem chips.

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South Korea regulator fines Qualcomm $854 million for violating competition laws

Amazon calls 2016 holiday season its best ever; shares rise

(Reuters) – Amazon.com Inc said it shipped more than 1 billion items worldwide this holiday season, which the top online retailer called its best ever, and its shares rose 1.6 percent in afternoon trade. The Amazon Echo home assistant and its smaller version, Echo Dot, topped the best-sellers list, said Jeff Wilke, chief executive of Amazon's worldwide consumer division, in a press release. Sales of voice-controlled Echo devices were nine times more than they were during last year's holiday season, the company said.

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Amazon calls 2016 holiday season its best ever; shares rise

Israel telecom regulator signals likely to allow Bezeq to merge units

Bezeq Israel Telecom said on Sunday it had received notice that Israel’s telecoms regulator would likely allow Bezeq to merge its various business units. Bezeq, Israel’s dominant telecoms operator, had long argued for an end to its “structural separation”, in which it is forced to keep its mobile phone, fixed line, satellite TV and internet units as separate entities. Permitting an end to structural separation would ultimately allow Bezeq to offer packages of phone, internet and TV.

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Israel telecom regulator signals likely to allow Bezeq to merge units

Snapchat buying Israeli augmented reality start-up Cimagine: report

Messaging app Snapchat is buying Israeli augmented reality startup Cimagine Media for an estimated $30-$40 million, marking Snapchat's first acquisition in Israel, the Calcalist financial daily reported on Sunday. Cimagine developed True Marketless Augmented Reality – technology that allows users to virtually place furniture and appliances they wish to purchase in the space of their home, on their mobile devices, at the click of a button. Cimagine will become Snapchat's research and development center in Israel and is expected to rapidly expand its workforce from its current 20 employees, Calcalist said.

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Snapchat buying Israeli augmented reality start-up Cimagine: report