Amazon cutting hundreds of Seattle jobs in its consumer business: source

(Reuters) - Amazon.com Inc is cutting hundreds of jobs in its consumer business in Seattle, a person familiar with the matter said on Monday, as the company shifts resources into fast-growing areas like its work on voice assistant Alexa.

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German court rules Facebook use of personal data illegal

BERLIN (Reuters) - A German consumer rights group said on Monday that a court had found Facebook's use of personal data to be illegal because the U.S. social media platform did not adequately secure the informed consent of its users.

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Qualcomm, Broadcom plan to meet on February 14: sources

(Reuters) - Qualcomm Inc and Broadcom Ltd plan to meet on Wednesday to talk about the latter's $121 billion acquisition offer, the first time the semiconductor companies will discuss the potential deal, people familiar with the matter said.

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Exclusive: Amazon paid $90 million for camera maker's chip technology - sources

SAN FRANCISCO (Reuters) - Amazon.com Inc paid about $90 million to acquire the maker of Blink home security cameras late last year, in a secret bet on the startup's energy-efficient chips, people familiar with the matter told Reuters.

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Grocery delivery startup Instacart raises $200 million and prepares to battle Amazon

SAN FRANCISCO (Reuters) - Grocery delivery service Instacart has raised $200 million in fresh funding, the company said on Monday, boosting its valuation and providing new resources for the startup to compete against heavyweight Amazon.com Inc.

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'Olympic Destroyer' malware targeted Pyeongchang Games: firms

(Reuters) - Several U.S. cyber security firms said on Monday that they had uncovered a computer virus dubbed "Olympic Destroyer" that was likely used in an attack on Friday's opening ceremony of the Pyeongchang Winter Games.

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British watchdog tells algorithmic traders to tighten controls

LONDON (Reuters) - Some firms using computers to trade at ultra-fast speeds are not applying safeguards required to avert market meltdowns, Britain's Financial Conduct Authority (FCA) said on Monday.

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Coincheck heist sheds light on Japan's rush to create cryptocurrency rules

(This February 11 story has been refiled to add dropped word "they" in second paragraph)

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Foxconn to use proceeds from unit's Shanghai IPO to fund $4 billion projects

HONG KONG (Reuters) - Taiwan's Foxconn, the world's largest contract electronics manufacturer, said it plans to use proceeds from a Shanghai listing of one if its subsidiaries to fund eight projects totaling 27.3 billion yuan ($4 billion).

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France's Thales sees more cybersecurity sales after strong 2017

PARIS (Reuters) - French defense electronics group Thales enjoyed a jump in sales at its cybersecurity business in 2017 and expects further strong growth in the coming years, said executive Laurent Maury.

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Source: Reuters