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bank energy General Electric Co internet Tech Top News 

JPMorgan Chase to centralize energy controls for 4,500 branches

June 28, 2017 NEW YORK (Reuters) – JPMorgan Chase & Co is shifting control of heating, air-conditioning and lighting in 4,500 of its branches to an operations center hosted in the internet cloud. Sol Gindi, chief administrative officer for JPMorgan’s consumer bank, said the company is making the change so that bank branch managers and loan officers can do their jobs instead of adjusting thermostats and keeping track of replacing light bulbs before they burn out. The move is expected to reduce energy consumption in the branches by 15 percent,…

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economic growth internet Michael Kratsios Tech Top News White House 

White House aims to speed U.S. drone, wireless technologies

June 22, 2017 By David Shepardson WASHINGTON (Reuters) – The White House is bringing together drone makers, wireless companies and venture capitalists on Thursday to look at ways government can help speed new technologies to the marketplace. President Donald Trump will meet with the chief executives of General Electric Co, Honeywell International Inc and AT&T Inc AT&T Inc, major drone industry firms and venture capitalists in the latest effort by the White House to focus on innovative technologies as a way of spurring job growth. Michael Kratsios, the White House’s…

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internet launch Sara Haider service Tech Top News 

Twitter to let streaming video stars collect money from fans

June 21, 2017 By David Ingram SAN FRANCISCO (Reuters) – Twitter Inc plans on Wednesday to launch a system for people to earn money by streaming live on its Periscope service, a first for Twitter and a way for the company to try to compete with YouTube and others in the search for internet talent. People watching Periscope will be able to send performers and broadcasters they like a gratuity using a variety of heart shapes that are, in effect, a virtual currency they can purchase, the company said. Broadcasters…

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Business internet month rates 

Stock futures higher as beaten down tech stocks rebound

June 19, 2017 By Tanya Agrawal (Reuters) – U.S. stock index futures were higher on Monday with investors snapping up beaten down technology and retail stocks. The S&P technology sector is coming off its second straight week of declines, triggered mainly due to stretched valuations and investors moving money to other sectors. Tech stocks have led the S&P 500’s 8.7 percent rally this year. Leading the rebound, Apple , Microsoft and Alphabet were all up between 0.8 percent and 1 percent in premarket trading. Retail stocks were battered on Friday…

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Business internet Juniper Networks spending Tech Top News 

Nokia targets gains from web giants with fastest routers

June 14, 2017 By Eric Auchard SAN FRANCISCO (Reuters) – Nokia launched the world’s fastest network chips on Wednesday, breaking into the Juniper and Cisco dominated core router market and giving its existing network business a boost. The new traffic routers can handle the greater demands of virtual reality programming, cloud-based internet services and next-generation mobile communications, the Finnish company said. Nokia’s new products, which grew out of its 15.6 billion-euro ($17.5 billion) 2016 acquisition of Alcatel and its IP network gear business, should help it win business from companies…

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European Union internet network rates Tech Top News 

EU fetes end of roaming charges but risks linger for travelers

June 14, 2017 By Julia Fioretti BRUSSELS (Reuters) – Roaming charges for using mobile phones when traveling within the European Union disappear on Thursday, capping a decade-long battle by Brussels to show increasingly skeptical Europeans it can make their lives better. Yet for all the excitement it is generating within European Union institutions, opt-outs secured by major telecoms firms and member states’ refusal to give up their lucrative national airwaves may leave many holidaymakers disappointed this summer – and facing higher bills at home. Ending the practice of adding hefty…

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Business internet Marissa Mayer Yahoo Inc 

Verizon closes Yahoo deal, Mayer steps down

June 13, 2017 (Reuters) – Verizon Communications Inc said on Tuesday it closed its $4.48 billion acquisition of Yahoo Inc’s core business and that Marissa Mayer, chief executive of the internet company, had resigned. The completion of the acquisition marked the end of Yahoo as a stand-alone internet company, a tech pioneer once valued at more than $100 billion. Verizon, the No. 1 U.S. wireless operator, is combining Yahoo with AOL, which it bought two years ago, to form a venture called Oath, led by AOL CEO Tim Armstrong. Oath’s…

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bank internet news report Tech Top News 

Digital lender SoFi applies for new bank charter

June 12, 2017 (Reuters) – Social Finance Inc, the online lender known as SoFi, said on Monday it applied for a new bank charter with the U.S. Federal Deposit Insurance Corp. The company has applied for an industrial loan bank charter in Utah under the name SoFi Bank and listed a Salt Lake City location as its address. Online news portal TechCrunch first reported the news of SoFi’s application. SoFi Bank will operate as an online-only institution, with no branches or deposit-taking ATMs, the TechCrunch report said. The bank…

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Aishwarya Venugopal Business cable internet Liberty Media 

Sirius to invest $480 million in Pandora, may be path to music streaming

June 9, 2017 By Liana B. Baker and Aishwarya Venugopal (Reuters) – Sirius XM Holdings Inc said on Friday it will invest $480 million in Pandora Media Inc , giving the satellite radio company better exposure to internet music streaming while providing financial footing to Pandora. While Sirius XM has a strong presence in the auto market, where its channels are offered in most new cars in the United States, it has trailed Pandora and other music providers in mobile and streaming content. The relationship could give Sirius expertise in…

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China consumer internet spending Tech Top News 

Venture capitalist DST Global sees $4 trillion of new internet firms by 2025

June 9, 2017 By Elzio Barreto HONG KONG (Reuters) – A surge in online consumer spending globally in coming years will create $4 trillion worth of new internet companies by the middle of the next decade, billionaire investor Yuri Milner, founder of venture capitalist DST Global, said on Friday. Milner, an early backer of internet firms Alibaba Group Holding Ltd, Facebook Inc and Twitter Inc, expects the online proportion of global consumer spending to reach 15 percent by 2025 from 6 percent now. That means in eight years’ time, the…

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