Mon09252017

LAST_UPDATEMon, 25 Sep 2017 5pm

China's Leshi Internet Plans To Buy Finance Business From Affiliate For 3 Billion Yuan

The main listed unit of Chinese technology conglomerate LeEco said on Sunday that it plans to buy investment and financial service assets from an affiliate for up to 3 billion yuan ($455.24 million) as part of a restructuring exercise.

Read more: China's Leshi Internet Plans To Buy Finance Business From Affiliate For 3 Billion Yuan

Internet Giants, Once Above The Fray, On The Defensive In Washington

WASHINGTON - Internet giants, including Alphabet’s Google (GOOGL.O) and Facebook (FB.O), are moving to compromise on several major policy issues as they adjust to an abrupt shift in the political winds in Washington.

Read more: Internet Giants, Once Above The Fray, On The Defensive In Washington

Zuckerberg Nixes New Facebook Share Class After Shareholder Lawsuit

WILMINGTON: Facebook Inc Chairman Mark Zuckerberg abandoned plans on Friday to create a new class of company stock with no voting power, which was meant to be a way for Zuckerberg to retain control over the company he founded while fulfilling a pledge to give away his wealth.

Read more: Zuckerberg Nixes New Facebook Share Class After Shareholder Lawsuit

Facebook To Overhaul Political Ads After Threat Of U.S. Regulation

Pic: ReutersSAN FRANCISCO: Facebook Inc on Thursday launched an overhaul of how it handles paid political advertisements, giving a concession to U.S. lawmakers who have threatened to regulate the world’s largest social network over secretive ads that run during election campaigns.

Read more: Facebook To Overhaul Political Ads After Threat Of U.S. Regulation

Saudi Lifting Ban On Skype, WhatsApp Calls, But Will Censor Them

Pic: ReutersRIYADH: The Saudi government is lifting a ban on calls made through online apps on Thursday but will monitor and censor them, a government spokesman said.

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SEC Says Hackers May Have Traded Using Stolen Insider Information

Pic: ReutersWASHINGTON: The top U.S. markets regulator said on Wednesday that hackers accessed its corporate disclosure database and may have illegally profited by trading on the insider information stolen.

Read more: SEC Says Hackers May Have Traded Using Stolen Insider Information

Chinese Apps Dominate Most-Used Android App Rankings: Research

BEIJING -- Apps from Chinese publishers dominate the top rankings of the most used Android apps globally, according to industrial research, China's Xinhua news agency reported.

Read more: Chinese Apps Dominate Most-Used Android App Rankings: Research

Google To Acquire HTC's Pixel Smartphone Division In $1.1 Billion Deal

Google buys HTC Pixel team: In this photo, Cher Wang, Chairwoman and CEO of HTC (R) and Rick Osterloh (L), Senior Vice President of Hardware at Google

TAIPEI - Alphabet Inc’s (GOOGL.O) Google said it would pay $1.1 billion in cash to acquire the division at Taiwan’s HTC Corp (2498.TW) that develops the U.S. firm’s Pixel smartphones, its latest push into hardware manufacturing.

Read more: Google To Acquire HTC's Pixel Smartphone Division In $1.1 Billion Deal

Google Signs $1.1bn HTC Smartphone Deal

Alphabet's Google has struck a $1.1bn (£822m) deal with Taiwan's HTC to expand its smartphone business.

Read more: Google Signs $1.1bn HTC Smartphone Deal

Facebook To Add More Human Review To Ad System -COO Sandberg

SAN FRANCISCO - Facebook Inc will add “more human review and oversight” to its ad-buying system, Chief Operating Officer Sheryl Sandberg said on Wednesday, responding to rising criticism that automated processes have allowed people to buy discriminatory ads.

Read more: Facebook To Add More Human Review To Ad System -COO Sandberg