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Department Stores (TRBC)

Health News

July 17 (Reuters) – Hong Kong Stock Exchange Filings: * ALIBABA GROUP HOLDING LIMITED SAYS IT SOLD 154.0 MLN SHARES IN ALIBABA HEALTH INFORMATION TECHNOLOGY AT AVG PRICE OF HK$22.65 ($2.92) PER SHARE ON JULY 14 – HKEX FILING * ALIBABA GROUP HOLDING LIMITED’S LONG POSITION IN ALIBABA HEALTH INFORMATION TECHNOLOGY DECREASES TO 67.51% FROM …

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NEW YORK (Reuters) – Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc (JCP.N) out of bankruptcy should the U.S. department store chain’s negotiations with its creditors fail, three people familiar with the matter said on Friday. FILE PHOTO: Shoppers enter and leave the J.C. Penney department store in …

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(Reuters) – Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment. Beacon said on Sunday it raised over $15 million in Series A fundraising, from investors including Bezos and venture capital firm 8VC. The startup, formed by two former Uber Technologies Inc executives two years …

Technology

SHANGHAI (Reuters) – China’s health tracking QR codes, which have played a key part in the country’s successful containment of the coronavirus, now look set to play a much broader role in daily life as local authorities dream up new uses for the technology. A security guard holds up a QR code for a health …

Technology

FILE PHOTO: A Tencent sign is seen at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, October 20, 2019. REUTERS/Aly Song HONG KONG (Reuters) – Chinese tech giant Tencent Holdings (0700.HK) will invest 500 billion yuan ($70 billion) over the next five years in technology infrastructure including cloud computing, artificial intelligence and cybersecurity, …

Technology

The company logo for Salesforce.com, Inc. is displayed on a screen on on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 7, 2019. REUTERS/Brendan McDermid (Reuters) – Business software provider Salesforce.com Inc said on Tuesday it would use artificial intelligence (AI) technology from Amazon.com Inc’s cloud computing unit to …

Technology

(Reuters) – After months of evaluating sale and merger options, telecommunications gear provider Avaya Holdings Corp on Thursday announced a strategic partnership and $500 million contribution from RingCentral Inc. Avaya long made hardware systems that sit inside of businesses to provide unified phone and video conferencing services, as well as gear for call centers. The …

Technology

WASHINGTON (Reuters) – A U.S. online privacy bill is not likely to come before Congress this year, three sources said, as lawmakers disagree over issues like whether the bill should preempt state rules, forcing companies to deal with much stricter legislation in California that goes into effect on Jan. 1. The logo of Amazon is …

Technology

SAN FRANCISCO (Reuters) – Oracle Corp and VMware Inc on Monday announced a deal designed to resolve years of tension over how Oracle handles technical support for VMware users and make it easier for them to move to Oracle’s cloud computing service. FILE PHOTO: The Oracle logo is shown on an office building in Irvine, …

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WASHINGTON (Reuters) – The potential penalties for several wide-ranging investigations into whether Facebook, Google and other big U.S. tech companies used their market power unfairly include everything from breaking up the companies, to large fines and forcing them to create more competition. FILE PHOTO: The logo of Google is seen at the high profile startups …