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Go-playing software beats human champ for 3rd straight time
SEOUL, South Korea (AP) — Google's Go-playing software defeated a human champion for the third straight time Saturday to clinch the best-of-five series and establish its superiority in an ancient Chinese game long thought to be the realm of humans. More here: Go-playing software beats human champ for 3rd straight time Read More →
UK to announce sale of Bradford & Bingley assets next week: Sky News
Britain's finance minister George Osborne will announce next week plans to sell 16 billion pounds ($23 billion) worth of bank assets which were rescued from Bradford & Bingley (B&B) during the financial crisis, Sky News said on Saturday. Sky said Osborne will announce the sale during his budget statement on Wednesday but the timing of the sale by auction was unclear with the broadcaster... [Read more]
Exclusive: Energy Transfer has held talks to sell Sunoco – sources
Energy Transfer Equity LP , the U.S. pipeline company that agreed to acquire Williams Companies Inc , has held talks to sell gas station and convenience store operator Sunoco LP , according to three people familiar with the matter. While these discussions … Read more: Exclusive: Energy Transfer has held talks to sell Sunoco – sources Read More →
Twitter doles out stock, cash bonuses to retain talent: WSJ
Four top executives left the company in January, the biggest leadership exodus since co-founder Jack Dorsey returned as chief executive last year. The departures added to concerns about the company's ability to make its product more engaging and generate more money from advertising. Twitter has been offering cash bonuses to some employees, ranging from $50,000 to $200,000 as an incentive to keep... [Read more]
Apple sets March 21 event, Wall Street sees new, smaller iPhone
(Reuters) – Apple Inc sent an invite to reporters on Thursday for an event at its Cupertino, California headquarters on March 21, possibly signaling the unveiling of a new, smaller iPhone. The world's best-known technology company often reveals new products at such events. It is expected to update its flagship iPhone and Read the original: Apple sets March 21 event, Wall Street sees new,... [Read more]
Big U.S. banks to take on tech rivals with instant payments
By David Henry NEW YORK (Reuters) – Depositors at some of the largest U.S. banks are finally going to get the chance to do something quick and simple: send money to another person's account instantaneously by mobile phone. “What we are doing now is delivering payments in real time, which is what our customers have asked for,” Mary Harman, managing director for payments at Bank... [Read more]
U.S. top court rejects challenge to IRS denying foreign tax credits
The U.S. Supreme Court on Monday rejected bids by three companies to recoup hundreds of millions of dollars in foreign tax credits denied by the Internal Revenue Service as the tax agency tries to curb corporate abuse of such credits. The high court left in place lower court rulings in favor of the U.S. government in cases involving American International Group Inc, Original post: U.S. top court... [Read more]
U.S. Commerce Department to place restrictions on China’s ZTE
The U.S. Commerce Department is set to place export restrictions on Chinese telecoms equipment maker ZTE Corp for allegedly violating U.S. export controls on Iran, according to documents seen by Reuters. The restrictions will make it difficult for the company to acquire U.S. products by requiring ZTE's suppliers to apply … The rest is here: U.S. Commerce Department to place restrictions... [Read more]
Exclusive: U.S. watchdog to probe Fed’s lax oversight of Wall Street
By Jonathan Spicer NEW YORK (Reuters) – A U.S. watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the banks they are meant to police, after a written request from Democratic lawmakers that marks the latest sign of distrust between Congress… Original post: Exclusive: U.S. watchdog to probe Fed’s lax oversight of Wall Street Read More →
Global uncertainty, instability pose risk to China’s economic growth: NDRC
BEIJING (Reuters) – The global economy remains uncertain and unstable, posing a risk to China's economic growth, the country's top economic planner said on Sunday. Read the original here: Global uncertainty, instability pose risk to China’s economic growth: NDRC Read More →