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Yandex in discussions with Russian government over 'damaging' draft law

The CEO of Russia’s largest internet firm, Yandex, said on Friday the company was “actively engaged in discussions” around a draft law limiting foreign ownership in major IT companies to just under 50%. The original proposal was to cap non-Russian ownership at 20%, but Arkady Volozh said the government seems to have taken concerns expressed on board. “In its original form, it was very damaging, not just to us, but to the entire technology sector in Russia, and probably beyond,” said Volozh. …read more […]

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RPT-GM contract vote by striking UAW workers heads into final hours

Striking workers at General Motors Co factories in the United States finish voting on Friday on a proposed four-year contract that could end a 39-day strike that has cost the No. 1 U.S. automaker more than $2 billion according to Wall Street. With about one-third of the United Auto Workers union votes counted as of Thursday morning, an estimated 55% of the remaining members would have to vote “no” for the proposed deal to fail, said Kristin Dziczek, vice president of industry, labor and economics at the Center for Automotive Research in Michigan. The UAW recommended that the …read more […]

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Cable operator Charter quarterly earnings edges past estimates

Charter Communications Inc edged past analysts’ estimates for third-quarter revenue and profit on Friday, as the cable operator attracted more customers for its broadband services, offsetting a drop in pay TV subscribers. The second-largest broadband provider in the U.S. added 282,000 residential customers in the third quarter ended Sept. 30. Net income attributable to shareholders fell to $387 million, or $1.74 per share, in the reported quarter from $493 million, or $2.11 per share, a year earlier. …read more […]

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Behind AT&T's plan to take on Netflix, Apple and Disney with HBO Max

WarnerMedia executives want “Circe” to unleash a different power: attracting young viewers to the company’s belated entry in the streaming-video war. HBO Max, which will be HBO plus movies, original shows, and TV classics such “Friends,” will be available starting this spring to 10 million AT&T customers who are also HBO subscribers in the United States at no extra charge, according to AT&T Chief Operating Officer John Stankey, who disclosed the figures for the first time in an interview with Reuters. …read more […]

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FOCUS-Biogen's secret campaign to bring its Alzheimer's drug back from the ashes

Biogen Inc’s shock decision this week to bring its experimental Alzheimer’s drug back from the scrap heap was born out of “top secret” meetings, non-disclosure agreements and six months of hashing over trial data with scientists, regulators and statisticians, researchers told Reuters. Biogen had announced in March that it would terminate two large clinical trials of aducanumab because they were likely to fail. In the months that followed, Biogen kept its own trial investigators and committee overseeing the trial in the dark about the possibility that some patients had benefited from high doses of the therapy, researchers told …read more […]