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Friday, June 27, 2014

Technology Report: Slim's real estate arm to buy AT&T's America Movil stock

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06/27/2014
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Slim's real estate arm to buy AT&T's America Movil stock
MEXICO CITY (Reuters) - Carlos Slim's America Movil said on Friday it had authorized the Mexican tycoon's real estate firm Inmobiliaria Carso to buy more than 5.7 billion shares, formerly held by AT&T, equal to 8.27 percent of America Movil's stock.
Exclusive: HP to settle suits over Autonomy deal; make claim against ex-CEO Lynch
(Reuters) - Hewlett-Packard Co and attorneys representing shareholders have agreed to settle litigation over its troubled $11.1 billion acquisition of British software company Autonomy Corp, according to a source familiar with the negotiations.
German parliament cuts ties with Verizon in wake of spying row
BERLIN (Reuters) - Germany's lower house of parliament has joined the government in cutting ties with U.S. telecoms firm Verizon Communications Inc , in reaction to a scandal last year over U.S. government spying and allegations firms were handing over data.
Action camera-maker GoPro makes picture-perfect debut
(Reuters) - Shares of GoPro Inc, a maker of cameras used by surfers, skydivers and other action junkies to record and post their exploits online, rose as much as 38 percent in their market debut.
Amazon and Indian investment firm to help small businesses get online
(Reuters) - Amazon.com Inc's Asia unit will provide back-end support in a venture with an Indian private investment firm formed by Infosys Ltd co-founder N.R. Narayana Murthy that aims to help get Indian companies online.
Tencent to buy 20 pct in 58.com for $736 mln
(Reuters) - Tencent Holdings Ltd, China's biggest listed tech firm, will buy a 20 percent stake in online classifieds company 58.com Inc for $736 million as the company looks to boost its presence in the e-commerce business.
German government cancels Verizon contract in wake of U.S. spying row
BERLIN (Reuters) - The German government has cancelled a contract with U.S. telecoms firm Verizon Communications Inc VZ.N as part of an overhaul of its internal communications, prompted by revelations last year of U.S. government spying.
Yahoo looking to buy YouTube content provider for $250 million: Sky News
(Reuters) - Internet giant Yahoo has put in a bid of around $250 million to buy Fullscreen, a company which creates content for YouTube channels, Britain's Sky News reported on Thursday.
Venture fund 500 Startups uses Jobs Act to raise $100 million from public
SAN FRANCISCO (Reuters) - 500 Startups, the $100 million Silicon Valley venture fund perhaps best known for its incubator program for young companies, said on Thursday it would tap a new source of cash for its latest fund: the public.
China cyber crime cooperation stalls after U.S. hacking charges
WASHINGTON (Reuters) - Fledging cooperation between the United States and China on fighting cyber crime has ground to a halt since the recent U.S. indictment of Chinese military officials on hacking charges, a senior U.S. security official said on Thursday.
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