Snap shares draw bullish options bets after slipping below IPO price

NEW YORK (Reuters) - Options traders were placing bets this week that shares of Snap Inc were primed for a rebound after slipping below their initial public offering price of $17.

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U.S. attorney general urged to consider blocking AT&T deal for Time Warner

WASHINGTON (Reuters) - Seven consumer advocacy groups wrote to Attorney General Jeff Sessions on Thursday to ask him to consider blocking AT&T's plan to buy Time Warner on the grounds that it will lead to higher prices and slow innovation in showing video online.

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Uber and Yandex to combine ride-hailing in Russia and beyond

FRANKFURT/MOSCOW (Reuters) - Uber and Yandex, the "Google of Russia", have agreed to combine their Russian ride-sharing businesses, with Yandex the leading partner in a deal that extends to five nearby markets.

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Foreign automakers call on China to soften electric car quotas

FRANKFURT (Reuters) - Global automakers have urged China to delay and soften planned quotas for sales of electric and hybrid cars, saying the current proposals are impossible to meet and would cause big disruption to their businesses, according to a letter seen by Reuters.

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Music streamer SoundCloud has cash until fourth quarter after layoffs

FRANKFURT (Reuters) - SoundCloud, the world's biggest music-streaming service, is still struggling to find a business model - it now has just enough cash to last until fourth quarter, after laying off 40 percent of its staff, a representative said on Thursday.

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FCC approves new spectrum for vehicle radar systems

WASHINGTON (Reuters) - The U.S. Federal Communications Commission on Thursday approved allocating a larger consolidated block of spectrum for use by motor vehicle and aircraft radar systems to help avoid crashes.

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FCC votes to expand crackdown on 'robocalls'

WASHINGTON (Reuters) - The U.S. Federal Communications Commission voted on Thursday to pursue new rules to help consumers who are being inundated with "robocalls" and to set new standards to ensure phone calls come from legitimate numbers.

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French government to appeal pro-Google court tax ruling

PARIS (Reuters) - The French government said on Thursday it would appeal against a court ruling in Google's favour with regard to 1.1 billion euros ($1.25 billion) in tax.

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All-girl Afghan robotics team cleared to compete in United States

KABUL (Reuters) - A team of Afghan girls are on their way to compete in an academic robotics competition in the United States after American officials agreed to allow them to enter the country despite initially denying them visas.

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Telecoms group Altice to launch online bank in Europe: source

PARIS (Reuters) - French billionaire Patrick Drahi plans to launch an online bank by early 2019 in the European countries where his telecoms and cable firm Altice operates, a source close to the matter said on Thursday.

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Source: Reuters