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Apple drops plan to boost iPhone production as demand falters-Bloomberg

Apple drops plan to boost iPhone production as demand falters-Bloomberg

Sept 27 (Reuters) – Apple Inc is dropping plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday, citing people familiar with the matter. The company told suppliers to curtail efforts to increase assembly of its flagship iPhone 14 product family …

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Barclays shareholders sue in US over $17.6 billion debt sale blunder

A branch of Barclays Bank is seen, in London, Britain, February 23, 2022. REUTERS/Peter Nicholls Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 23 (Reuters) – Barclays Plc (BARC.L) was sued on Friday in a proposed US class action in which shareholders claimed they were defrauded in connection with the British …

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Exclusive: Credit Suisse sounds out investors about capital hike

The logo of Swiss bank Credit Suisse is seen at an office building in Zurich, Switzerland September 2, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register ZURICH, Sept 23 (Reuters) – Credit Suisse is sounding out investors for fresh cash, two people familiar with the matter said, approaching them for the …

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Starboard builds stake in website development platform Wix

Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 16 (Reuters) – Starboard Value LP has built a 9% stake in website development platform Wix.com Ltd (WIX.O), the activist hedge fund disclosed in a regulatory filing on Friday. Starboard had been building the stake, and spoke to Wix about how it can …

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Uber investigating ‘cybersecurity incident’ after report of breach

An Uber office is shown in Redondo Beach, California, US, March 16, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register Sept 15 (Reuters) – Uber Technologies Inc (UBER.N) said on Thursday it was investigating a cybersecurity incident, after a report that its network was breached and the company had to shut …

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Biden hops into Corvette, declares Detroit ‘back’ at EV-focused auto show

Register now for FREE unlimited access to Reuters.com Register DETROIT, Sept 14 (Reuters) – President Joe Biden took a victory lap on Wednesday at the Detroit auto show as he highlighted automakers’ electric-vehicle push, including billions of dollars in investments in battery plants, on the back of new government support. Self-declared “car guy” Biden climbed …

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US signs deal with Google to develop chips for researchers

The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, US, November 17, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 13 (Reuters) – The US Commerce Department said it reached a cooperative research and development agreement with Alphabet Inc’s ( GOOGL.O …

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Google faces $25.4 billion damages claims in UK, Dutch courts over adtech practices

The Google name is displayed outside the company’s office in London, Britain, November 1, 2018. REUTERS/Toby Melville/File Photo Register now for FREE unlimited access to Reuters.com Register BRUSSELS, Sept 13 (Reuters) – Alphabet unit Google ( GOOGL.O ) will face damages claims for up to 25 billion euros ($25.4 billion) over its digital advertising practices …

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Most Twitter shareholders vote in favor of the sale to Musk, sources say

Twitter app logo is seen in this illustration taken, August 22, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Sept 12 (Reuters) – A majority of Twitter Inc’s (TWTR.N) shareholders have voted in favor of the social media company’s $44 billion sale to Elon Musk, people familiar with the tally said …

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