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End of an Era as Japan's Panasonic Exits Chip Business

Japanese electronics giant Panasonic said Thursday it was exiting the semiconductor business, selling its loss-making subsidiary to a Taiwanese firm as it struggles with intense competition from China and South Korea.

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'Black Friday' Becoming a Shadow of Its Former Self in U.S.

The U.S. holiday shopping season officially opened with a deluge of "Black Friday" promotions but the frenzied crowds of the past have thinned out with the rise of e-commerce.

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LG Replaces CEO, Top Executives after Losses

South Korean appliance giant LG Electronics replaced its CEO and a raft of other top leaders Thursday after net profits slumped more than 30 percent in the third quarter and its smartphone division struggles.

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Ukraine Slams Apple for Calling Crimea Part of Russia

Ukraine has lashed out at Apple for showing the annexed Crimea peninsula as part of Russia, saying the US tech giant did not "give a damn" about the pain of the Ukrainian people.

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Germany Aims to Shield Tech Firms from Foreign Takeovers

Germany's economy ministry on Thursday said it planned to tighten rules on non-EU takeovers of hi-tech firms, against a backdrop of growing alarm about Chinese firms buying up German know-how.

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U.S. Authorizes 'Several' Firms to Sell to Huawei amid Sanctions

U.S. officials said Wednesday they have agreed to grant licenses to "several" firms to provide components to Chinese tech giant Huawei, which faces sanctions imposed over national security concerns.

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First Cypriot to be Extradited to U.S. on Hacking Charges

A 20-year-old Cypriot wanted for hacking offences in the United States is set to be the country's first citizen to be extradited there, his lawyer said Monday.

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Facebook Nixes Billions of Fake Accounts

Facebook on Wednesday said it has nixed 5.4 billion fake accounts already this year, many within moments of being created at the leading social network.

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Facebook Messaging Apps Getting Unified Payment System

Facebook on Tuesday said it is consolidating the system that handles payments at the social network and in its family of messaging apps.

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UK Labor Suffers 'Major Cyber Attack' ahead of Election

Britain's main opposition Labor party said Tuesday it had suffered a "large-scale cyber attack" which undermined some of its campaign efforts for next month's election.

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