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Exclusive: Fitbit considers whether it should explore a sale – sources

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(Reuters) – Wearable device maker Fitbit Inc (FIT.N) has been in talks with an investment bank about the possibility of exploring a sale amid challenges in successfully pivoting from fitness trackers to smartwatches, people familiar with the matter said on Friday. FILE PHOTO: The ticker symbol for Fitbit is displayed at the post where it Read More

M&S suffers fresh blow as finance chief quits

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(Reuters) – Marks & Spencer Group Plc (MKS.L) said on Saturday its chief financial officer, Humphrey Singer, was stepping down after little more than a year, a further setback as the retailer is demoted from Britain’s leading share index. FILE PHOTO: A man leaves a Marks & Spencer store in London, Britain, in this January Read More

Exclusive: Fitbit considers whether it should explore a sale – sources

1 day ago DieselGasoil Comments Off on Exclusive: Fitbit considers whether it should explore a sale – sources
(Reuters) – Wearable device maker Fitbit Inc (FIT.N) has been in talks with an investment bank about the possibility of exploring a sale amid challenges in successfully pivoting from fitness trackers to smartwatches, people familiar with the matter said on Friday. FILE PHOTO: The ticker symbol for Fitbit is displayed at the post where it Read More

Cloud and clear: Tencent draws on gaming tech to lift B2B cloud ambitions

2 days ago DieselGasoil Comments Off on Cloud and clear: Tencent draws on gaming tech to lift B2B cloud ambitions
SHENZHEN, China/SHANGHAI (Reuters) – Tech giant Tencent Holdings Ltd (0700.HK) plans to leverage its strengths in video games and social media to grab market share in China’s burgeoning cloud computing sector from incumbent Alibaba, the head of its cloud unit told Reuters. Dowson Tong, head of Tencent’s Cloud and Smart Industries Group, poses at Tencent Read More

Malaysia’s Petronas sees tough times ahead despite higher oil, LNG sales

2 days ago DieselGasoil Comments Off on Malaysia’s Petronas sees tough times ahead despite higher oil, LNG sales
Singapore — Petronas said Friday that rising sales of petroleum products and LNG helped the state-run Malaysian firm post profit and revenue growth in the first half of 2019, but warned that ongoing trade tensions, sluggish demand and slowing global growth could pose challenges in the second half. Not registered? Receive daily email alerts, subscriber Read More

Exclusive: Venezuela opposition eyes U.N. asset protection as option to save Citgo

2 days ago DieselGasoil Comments Off on Exclusive: Venezuela opposition eyes U.N. asset protection as option to save Citgo
CARACAS (Reuters) – Venezuela’s opposition is preparing to seek an asset protection program from the United Nations to prevent creditors from seizing the country’s crown jewel overseas asset, U.S. refiner Citgo, a lawmaker and two opposition sources told Reuters. FILE PHOTO: FILE PHOTO: The logo of PDVSA’s U.S. unit Citgo Petroleum is seen at a Read More

Airbnb plans public listing in 2020

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FILE PHOTO: The logos of Airbnb are displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei Kato/File Photo (Reuters) – Home rentals giant Airbnb said it plans to list on stock exchanges in 2020, making it one of the most high-profile market debuts next year. (bit.ly/2mqasWw) In a short statement posted on Read More

Facebook unveils new Portal video chat, TV streaming devices

3 days ago DieselGasoil Comments Off on Facebook unveils new Portal video chat, TV streaming devices
SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) unveiled new models of its Portal video chatting devices on Wednesday, making the company’s first foray into TV streaming hardware but offering a limited selection of subscription services. The launch comes as Facebook is trying to pivot toward more private forms of communication, after years of slowing user Read More

Airbnb says second-quarter revenue topped $1 billion

3 days ago DieselGasoil Comments Off on Airbnb says second-quarter revenue topped $1 billion
FILE PHOTO: A woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco, California, U.S., August 2, 2016. REUTERS/Gabrielle Lurie SAN FRANCISCO (Reuters) – Airbnb Inc took in more than $1 billion in revenue for the second quarter of 2019, the second time it exceeded that level in Read More