Bill Gross, Pimco settle lawsuit over his exit for $81 million: sources

NEW YORK (Reuters) - Bill Gross has reached a roughly $81 million settlement of his lawsuit against Pacific Investment Management Co, ending a bitter 2-1/2-year drama over the well-known bond investor's abrupt departure from one of the world's biggest ...

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Don’t Let the Next Catastrophic Phishing Scandal End Your Career

What I think is amazing about all of the massive data breaches we hear about is that we know most are not reported. For every email, customer record, or financial theft in the news, there likely are hundreds that remain in the shadows. Yet another incident came to light last week. A clever Lithuanian individual was able to pull a whopping $100 million from a bunch of unnamed Internet companies.

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U.S. top court considers changing where patent cases may be filed

WASHINGTON (Reuters) - The U.S. Supreme Court on Monday struggled over whether to upend nearly 30 years of law governing patent lawsuits that critics say allows often-baseless litigants to sue in friendly courts, giving them the upper hand over high-te...

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EU’s competition watchdog says a few merger candidates may have misled

BRUSSELS (Reuters) - A "small handful" of companies may have given misleading information when they sought approval for their mergers, Europe's competition commissioner said on Monday, putting the companies at risk of sanctions and fines should regulat...

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After healthcare loss, investor faith wavers as Trump turns to taxes

(Reuters) - U.S. stocks slid on Monday amid concerns that Republican President Donald Trump may struggle to push a sweeping overhaul of the tax code through Congress in the wake of his party's failure last week to pass broad healthcare legislation.

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Uber resumes self-driving car program in San Francisco after crash

(Reuters) - Driverless vehicles operated by Uber Technologies Inc [UBER.UL] were back on the road in San Francisco on Monday after one of its self-driving cars crashed in Arizona, the ride-hailing company said.

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Facebook’s Messenger app adds live location-sharing

MENLO PARK, Calif. (Reuters) - Facebook Inc added a feature to its Messenger app on Monday to allow users to share their locations continuously for up to an hour, ramping up competition with tools offered by Apple Inc and Alphabet Inc's Google Maps.

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Saudi Arabia sweetens huge Aramco IPO with tax cut

JEDDAH, Saudi Arabia/RIYADH (Reuters) - Saudi Arabia's government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company's initial public offer of shares next year, which is expected to be the world's largest equity sale.

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Samsung Electronics says to sell refurbished Galaxy Note 7s

SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd said on Monday it plans to sell refurbished versions of the Galaxy Note 7 smartphones that were pulled from markets due to fire-prone batteries.

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