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Latest headline news from Technology News with momentary update to provide the online news, world news, sports news, family news, health news, video news, national news, food news and politics news from Technology News.



luxury goods are selling again—on chinese smartphones

chinese buyers of designer handbags are back. but this time many of them are buying at home—and on their smartphones.luxury sales in china have picked up since the beginning of the year, underpinned by easy credit and a booming property market. the weaker yuan has also encouraged the chinese to spend at home rather than on foreign shopping sprees. bain & co. expects luxury sales to grow 6% to 8% in mainland china this year....





can the tech giants be stopped?

sometimes it is hard to grasp how quickly the giant tech companies have come to dominate the world economy. ten years ago, only one of them, microsoft, was among the biggest companies in the world as measured by market capitalization. these days, the top five usually consists of apple, alphabet (the parent company of google), amazon, microsoft and facebook. it has been an astonishingly rapid rise for the tech giants, and it’s far...





sprint’s chairman has engaged warren buffett about investment

sprint corp. chairman masayoshi son has engaged has engaged two of america’s richest men, billionaire investor warren buffett and cable mogul john malone, about investing in the embattled wireless company, people familiar with the situation say.the japanese billionaire met separately with the berkshire hathaway inc. boss and mr. malone, whose liberty broadband corp. is charter communications inc.’s biggest investor, this week at an...





startup that got a seat at white house roundtable is part-owned by kushner family

prominent technology-industry leaders and venture capitalists gathered in the white house’s state dining room last month to discuss tech policy with president donald trump in an event that jared kushner, the president’s son-in-law and senior adviser, helped organize.seated at the rectangular table alongside the corporate luminaries, university presidents and senior white house officials was a less-prominent figure: zachary bookman,...





sprint’s chairman has engaged warren buffett about investment

sprint corp. chairman masayoshi son has engaged warren buffett and cable mogul john malone in discussions about participating in a deal with the wireless company, people familiar with the situation say.the japanese billionaire met separately with the berkshire hathaway inc. boss and mr. malone, whose liberty broadband corp. is charter communications inc.’s biggest investor, this week at an annual gathering of ceos in sun valley,...





at&t ceo will lead distinct telecom, media units after time warner merger

at&t inc. plans to split the management of its telecom operations and its media assets after clinching a takeover of time warner inc., putting veteran at&t executive john stankey in charge of the time warner business, according to people familiar with the matter.the reorganization would create two divisions. one would contain at&t’s wireless business and its directv satellite television business, the other would comprise the time warner assets it plans to acquire, including hbo, warner bros. and the turner...





at&t ceo to separate telecom, media businesses after time warner merger

at&t inc. plans to separate its telecom operations from its media assets after clinching a takeover of time warner inc., putting veteran at&t executive john stankey in charge of the time warner business, according to people familiar with the matter.the reorganization would separate at&t’s wireless business and its directv satellite television business from the newly acquired time warner assets, including hbo, warner...





uber rival grab in talks for up to $2 billion from softbank, china’s didi

shanghai—uber technologies inc.’s biggest rival in southeast asia is poised to get a huge cash injection that could help it battle the san francisco ride-hailing company in its home region.singapore-based grabtaxi holdings pte is raising as much as $2 billion from japan’s softbank group corp. and chinese ride-hailing company didi chuxing technology co., people familiar with the matter said.the deal could be completed in the...





fcc takes stronger aim at robocalls

washington—the federal communications commission opened a new inquiry into ways to curb unwanted robocalls thursday, with the aim of deterring use of fake phone numbers—a tactic known as spoofing that has been a major factor in the current epidemic.robocalls recently have run at a rate of more than 2.5 billion a month, according to some estimates, despite multiple efforts by the fcc and congress to prevent them.a big part of...





uber merges russian arm with yandex.taxi

uber technologies inc. is combining its russian operations with yandex.taxi, the most popular ride-hailing service in that country, a rare retreat that shows the beleaguered san francisco company’s willingness to withdraw from costly battles abroad.the two companies said thursday they would form a new joint venture that will be run by yandex.taxi’s chief executive and majority-owned by its parent company, yandex nv. the russian...





off the map: the rough road ahead for self-driving cars in china

china is creating roadblocks for u.s. auto makers and tech companies to bringing self-driving cars to the world’s largest auto market. citing national security concerns, china is limiting the amount of mapping that can be done by foreign companies, as general motors co., ford motor co., alphabet inc. and apple inc. rush to develop self-driving cars or the software behind them. high-definition maps are crucial for autonomous cars to...





draftkings, fanduel call off merger

online fantasy-sports operators draftkings inc. and fanduel inc., which set aside their fierce rivalry last year and announced plans to merge, called off the tie-up thursday in the face of opposition from regulators.the federal trade commission filed an antitrust lawsuit last month to block the proposed merger amid concerns the deal would harm...





roku expects to launch ipo before year-end

roku inc., which makes streaming-media devices and software, is preparing an initial public offering it expects to launch before year-end, according to people familiar with the company’s plans. the los gatos, calif., company recently hired morgan stanley, citigroup inc. and allen & co. as underwriters on the ipo, these people said. the company could file confidentially in the next few weeks, one of the people said. roku...





illegal-goods website alphabay shut following law-enforcement action

an online marketplace that sold illegal goods on the so-called dark web was shut last week following action by international authorities, according to people familiar with the matter.the closing of alphabay, an anonymous marketplace that listed for sale drugs, counterfeit credit cards and other illegal goods, came after coordinated action by the u.s., canada and thailand, the people said. the action included the arrest of...





china’s grip on maps hinders self-driving car makers

china is creating roadblocks for u.s. auto makers and tech companies to bringing self-driving cars to the world’s largest auto market. citing national security concerns, china is limiting the amount of mapping that can be done by foreign companies, as general motors co., ford motor co., alphabet inc. and apple inc. rush to develop self-driving cars or the software behind them. high-definition maps are crucial for autonomous cars to...





draftkings, fanduel call off merger

online fantasy-sports operators draftkings inc. and fanduel inc., which set aside their fierce rivalry last year and announced plans to merge, called off the tie-up on thursday in the face of opposition from u.s. regulators.the federal trade commission filed an antitrust lawsuit last month to block the proposed merger amid concerns the deal...





roku expects to launch ipo before year-end

roku inc., which makes streaming media devices and software, is preparing an initial public offering it expects to launch before year-end, according to people familiar with the company’s plans. the los gatos, calif., company recently hired morgan stanley, citigroup inc. and allen & co. as underwriters on the ipo, these people said. the company could file confidentially in the next few weeks, one of these people said. ...





how do podcast nuts find the time? they listen at chipmunk speed

jarod reyes wanted to reduce his anxiety. his doctor suggested meditation, so he subscribed to a podcast to guide him toward a zen state.“close your eyes,” the podcaster’s voice would intone languidly over instrumental music. “take a slow, deep breath.” but something about it made him anxious. the episodes were too long; it was hard to focus.he knew what he had to do. now the 35-year-old web developer sets the podcast to...





illegal-goods website alphabay shut following law-enforcement action

an online marketplace that sold illegal goods on the so-called dark web was shut last week following action by international authorities, according to people familiar with the matter.the closing of alphabay, an anonymous marketplace that listed for sale drugs, counterfeit credit cards and other illegal goods, came after coordinated action by the u.s., canada and thailand, the people said. the action included the arrest of a canadian...





why you should look to china for the future of retail

the retail industry is in a state of flux. american retail stores are shutting at a record pace. amazon.com is experimenting with new formats for brick-and-mortar stores and its $13.7 billion deal for whole foods market is seen as a sign of accelerating change. for a glimpse of the future, u.s. retailers and e-commerce companies should take a look at china, which is already a big test lab.chinese companies have been busy...