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Asian stocks test new 19-month highs, some markets seen overvalued

A man walks past an electronic board showing Japan's Nikkei average, the Dow Jones average and the stock averages of other countries' outside a brokerage in TokyoBy Saikat Chatterjee HONG KONG (Reuters) - Asian stocks inched to new 19-month highs on Thursday with thanks to an ongoing rally on Wall Street and bolstered by gains in Chinese stocks while the dollar came in for a bout of profit-taking after a recent bounce. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent to its highest since July 2015. European stock markets are set to open steady to slightly higher according to index futures Wall Street pushed relentlessly into record-high territory on Wednesday, with the S&P 500 notching a seven-session winning streak.


Snap sets valuation at lower end of expectation: WSJ

A Snapchat sign hangs on the facade of the NYSE in New York City(Reuters) - Snap Inc, the owner of the popular messaging app Snapchat, has set a valuation range for itself of $19.5 billion to $22.2 billion in its initial public offering, the Wall Street Journal reported, citing sources. The valuation range, which represents $14 to $16 per share, is close to the lower end of the expected range of $20 billion to $25 billion, the Journal reported. Snap Inc filed its IPO registration statement in early February and was expected to record the biggest valuation in a U.S. technology IPO since Facebook Inc. The company had confidentially registered with the U.S. Securities and Exchange Commission late last year for an IPO.


Newspapers aim to ride 'Trump Bump' to reach readers, advertisers

The motorcade of U.S. President-elect Donald Trump makes its way past the New York Times building after a meeting in New YorkBy Jessica Toonkel NEW YORK (Reuters) - The Trump administration's combative view of traditional news media as the "opposition party" and "fake news" is turning out to be the best hope in 2017 for newspapers struggling to attract more digital readers and advertisers. The New York Times , the Financial Times, The Wall Street Journal and Gannett Co are building on the online readership they gained during the 2016 presidential election by marketing unbiased reporting as a sales strategy. The New York Times, which President Donald Trump has referred to as "failing" in his Twitter messages, added a record 276,000 digital news subscribers in the last quarter and sees digital ad revenue up 10 to 15 percent in the current quarter.


Workers at Boeing's South Carolina plant reject union

Evans speaks to the media in North CharlestonSEATTLE/NORTH CHARLESTON, S.C. (Reuters) - Boeing Co handily defeated a union drive by workers at the company's aircraft factory in South Carolina on Wednesday, as almost three-quarters of workers at the plant who voted rejected union representation. The secret ballot vote, conducted by the National Labor Relations Board (NLRB) at polling locations throughout the North Charleston plant, was the first for Boeing and a high-profile test for organized labor in the nation's most strongly anti-union state. The NLRB said 74 percent of the 2,828 workers who cast ballots voted against joining the International Association of Machinists and Aerospace Workers (IAM).


Samsung chief questioned behind closed doors in arrest warrant hearing

Samsung Group chief, Jay Y. Lee, arrives at the office of the independent counsel in SeoulBy Joyce Lee and Hyunjoo Jin SEOUL (Reuters) - A South Korean judge questioned Samsung Group leader Jay Y. Lee and another executive behind closed doors on Thursday to decide whether they should be arrested over their roles in a corruption scandal that has engulfed President Park Geun-hye. Dozens of protesters surrounded by riot police met Lee, 48, who was wearing a dark coat and navy tie as he arrived at the Seoul Central District Court to attend the hearing. South Korea's special prosecutor's office has focused its investigations on Samsung Group's [SAGR.UL] relationship with Park, who was impeached by parliament in December and has been stripped of her powers while the Constitutional Court decides whether to uphold her impeachment.


Consultancy files complaints with Chinese government over McDonald's China sale

Customers eat dinner at a McDonald's store in BeijingBy Michelle Price and Julie Zhu HONG KONG (Reuters) - A Chinese consultancy that has previously helped to win antitrust battles against Coca-Cola and Apple has taken aim at McDonald's Corp, arguing in a complaint to regulators that the American fast food giant's China sale may hurt workers and consumers. McDonald's said last month it had agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd and U.S. private equity firm Carlyle Group LP for up to $2.1 billion, in a deal that will see the consortium act as the master franchisee for a 20-year period.


Deutsche Boerse CEO says insider trading allegations will prove unfounded

Kengeter, CEO of Deutsche Boerse talks to the media during the presentation of FinTec start-up facilities provided by Deutsche Boerse in FrankfurtDeutsche Boerse Chief Executive Carsten Kengeter said insider trading allegations against him would prove unfounded, given he had no role in determining the timing of his share purchases ahead of the announcement of merger plans with the London Stock Exchange . "We, Deutsche Boerse and myself, are fully cooperating with the public prosecutor. Kengeter said the company was pursuing its merger with LSE and that he was engaged in a "constructive dialogue" with policymakers in Hesse, the German state where Deutsche Boerse is headquartered.


Austria sues Airbus, Eurofighter consortium over suspected fraud

FILE PHOTO: The logo of Airbus is pictured on a scale model during the annual Airbus Commercial Press Briefing in BlagnacAustria filed a lawsuit on Thursday against Airbus and the Eurofighter consortium, alleging them of wilful deception and fraud linked to a 2 billion euro ($2.1 billion) order for Eurofighter jets in 2003, the defense ministry said. A recently completed ministry investigation found that Airbus and Eurofighter , with fraudulent intent, misled Austria about the purchase price, the deliverability and the equipment of the jets, the ministry said, confirming earlier media reports. The damages incurred to Austria could amount to 1.1 billion euros, the findings said.


GM's Opel, Peugeot lagging rivals in strong European market: ACEA

General Motors CEO Mary Barra presents the new Opel Astra during the media day at the Frankfurt Motor Show (IAA) in FrankfurtBERLIN (Reuters) - General Motors and PSA Group posted weaker European sales in January than any other major carmaker as they discuss a possible purchase of GM's European auto operations by PSA. A combination between GM and PSA would create a manufacturer with about 16 percent of the European passenger car market, ahead of French rival Renault and behind Germany's Volkswagen . New passenger car registrations at PSA, including the Peugeot, Citroen and DS brands in the European Union and the European Free Trade Association rose 6.5 percent in January, compared with 5. ...


Verizon close to Yahoo deal, price cut of $250-350 million: sources

FILE PHOTO - A Verizon sign at a retail store in San DiegoSince last year, Verizon had been trying to persuade Yahoo to amend the terms of the acquisition agreement to reflect the economic damage from two cyber attacks. A source told Reuters that the deal, which could come as soon as this week, will entail Verizon and Yahoo sharing the liability from potential lawsuits related to the data breaches. A representative from Verizon declined to comment.


Stocks are mixed in early trading on Wall Street

FILE - In this Wednesday, March 26, 2014, file photo, a trader works on the floor of the New York Stock Exchange. World stock markets pushed higher Wednesday April 2, 2014 on signs of a pickup in the U.S. economy and expectations of further stimulus in Japan. (AP Photo/Richard Drew, File)NEW YORK (AP) — Stocks are getting off to a mixed start on Wall Street as investors asses a pickup in hiring last month at U.S. companies and a handful of corporate earnings.


Ericsson launches 5G platform with federated network slicing

Ericsson launches 5G platform with federated network slicingFollowing its trial of federated network slicing with Deutsche Telekom and SK Telecom, Ericsson has launched its 5G platform combining the technology with a 5G radio system and core network.


Spark EBITDA rises to NZ$471m as mobile, broadband grow

Spark EBITDA rises to NZ$471m as mobile, broadband growSpark made gains across mobile, broadband, and IT services in what it called a challenging industry with 'intense ongoing price competition'.


​LG G6 will have new UX that utilizes Full Vision display

​LG G6 will have new UX that utilizes Full Vision displayLG will vastly upgrade the UX of the upcoming G6 with new multitasking, calendar, and camera features that utilize the 18:9 ratio Full Vision display and a new square GUI.


Telstra cites 'intense competition' after profit drop to AU$1.8b

Telstra cites 'intense competition' after profit drop to AU$1.8bTelstra's half-yearly net profit was down by 11.8 percent due to two decisions by the regulator slashing wholesale pricing, despite the telco making gains across its NAS and media businesses.


Eric Schmidt: AI research needs to be done in the open, not in military labs

Eric Schmidt: AI research needs to be done in the open, not in military labsThe industry should be thinking of ways to convince governments to agree to not militarize the internet with machine learning technologies, the Alphabet chairman said.


Microsoft to delay its February patches to March 14

Microsoft to delay its February patches to March 14Microsoft's February Patch Tuesday patches are not going to arrive until Tuesday March 14, officials confirm, while providing no reasons for the delay.


Telcos could be offshoring Australian metadata and AGD doesn't know where it is

Telcos could be offshoring Australian metadata and AGD doesn't know where it isThe Australian Attorney-General's Department believes the offshoring of telecommunications metadata is not a security concern.


​Melbourne IT spends AU$26.9m to wholly acquire Outware Systems

​Melbourne IT spends AU$26.9m to wholly acquire Outware SystemsThe IT services firm will pay AU$26.9 million to claim the remaining 24.9 percent of Outware Systems.


DXC Technology to emerge from CSC and HPE Enterprise Services merger

DXC Technology to emerge from CSC and HPE Enterprise Services mergerDXC Technology will be the name of the new $26 billion IT services company formed by the proposed merger of CSC and HPE's Enterprise Services business.


NetApp delivers strong Q3, teases new hyperconverged systems

NetApp delivers strong Q3, teases new hyperconverged systemsThe enterprise storage vendor also said its all-flash array business is at a $1.4 billion annual run rate.


Identity experts forming non-profit professional organization

Identity experts forming non-profit professional organizationGoal is to offer community, services, information sharing, certifications to those building identity systems


GoDaddy Q4 solid as revenue climbs 14 percent

GoDaddy Q4 solid as revenue climbs 14 percentShopify also reported strong earnings, with revenue increasing 86 percent compared to a year ago.


Equinix adds Salesforce to its Cloud Exchange, plots more 2017 expansion

Equinix adds Salesforce to its Cloud Exchange, plots more 2017 expansionEquinix said it is launching new operations in Amsterdam, Chicago, Dubai, Rio de Janeiro and Toronto. Company also reports fourth quarter earnings.


Cisco's Q2 tops estimates despite revenue decline

Cisco's Q2 tops estimates despite revenue declineCisco's financial results revealed lingering declines across business segments.


The seven most dangerous attack techniques: A SANS Institute rundown

The seven most dangerous attack techniques: A SANS Institute rundownFrom ransomware to weak random number generators, the RSA Conference explores the worst threats and how to stop them.


Wickr, the encrypted messaging app, finally goes open source

Wickr, the encrypted messaging app, finally goes open sourceAll it took was nearly five years and a shuffle of senior management.


How to add cloud-based bookmarks to your Nextcloud server

How to add cloud-based bookmarks to your Nextcloud serverIf you want to extend the feature set of your Nextcloud server to include cloud-based bookmarks, follow the steps in this tutorial.


Linux Foundation releases business open source basics ebook

Linux Foundation releases business open source basics ebook​Want to know how your business can get the most from open source? This free ebook can help.


Data center cooling advancements let you leave your jacket at home

Data center cooling advancements let you leave your jacket at homeData centers that used to be 55 degrees are now running comfortably at 75 degrees, which means your company is saving money, and your IT pros no longer need to bundle up to do their jobs.


How machine learning's hype is hurting its promise

How machine learning's hype is hurting its promiseMachine learning has a lot to offer, but overselling its current capabilities helps no one.


Public and hybrid cloud winning out over private cloud, says report

Public and hybrid cloud winning out over private cloud, says reportThe latest RightScale State of the Cloud Report claims that private cloud deployments are dropping, and Microsoft Azure is continuing to grow as a major competitor to AWS.


​Damning data: How Indian IT gamed the H-1B for cost-cutting US clients, but why new rules may change nothing

​Damning data: How Indian IT gamed the H-1B for cost-cutting US clients, but why new rules may change nothingWill throttling abuse of the H-1B solve the problem for vanishing low-end tech work in the US? Or should there be a whole new approach to saving domestic jobs?


High Tech: How the seeds of innovation will grow a bumper crop

High Tech: How the seeds of innovation will grow a bumper cropGreen Flower Media's CEO explains how investors and startups at the intersection of cutting-edge technology and legal cannabis are preparing for a big harvest.


Think Apple computers are still malware immune? This new attack proves otherwise

Think Apple computers are still malware immune? This new attack proves otherwiseA newly detected malware targeting macOS devices can steal passwords and capture iPhone backups. And it's coming from the same group believed to be responsible for the 2016 election hacks.


What's new in LibreOffice 5.3

What's new in LibreOffice 5.3The latest iteration of LibreOffice might well solidify the flagship open source office suite as a solid contender to meet your productivity needs.


Chicago's Wrigley Field targets 2018 for high-density Wi-Fi as part of $750M in ballpark upgrades

Chicago's Wrigley Field targets 2018 for high-density Wi-Fi as part of $750M in ballpark upgradesFirst it was winning the 2016 World Series, now Chicago Cubs fans are scoring with high-density Wi-Fi expected to be ready for use by the start of the 2018 baseball season.


Artificial intelligence doesn't have to be a job killer

Artificial intelligence doesn't have to be a job killerSmart machines are clearly having an impact -- including giving workers tools to make their professional lives easier


Yahoo warning users that hackers forged cookies to access accounts

Yahoo warning users that hackers forged cookies to access accountsThe news comes off the back of Verizon dropping $250 million from its Yahoo purchase price.


Spark gets faster for streaming analytics

Spark gets faster for streaming analyticsSpark Summit East highlights progress on machine learning, deep learning and continuous applications combining batch and streaming workloads


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