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U.S. fines Cognizant, charges 2 former top execs in India bribery case

U.S. authorities on Friday announced criminal charges against two former top Cognizant Technology Solutions Corp executives for their roles in a bribery scheme in India, and said the company will pay $25 million to settle a related civil case.


Private equity firms win over Scout24 with improved $6.4 billion bid

Hellman & Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros ($6.4 billion) including debt, setting up the biggest takeover of a listed German company by private equity.


Hellman & Friedman, Blackstone make 5.7 billion euro offer for Scout24

Hellman & Friedman and Blackstone have offered to buy online classifieds group Scout24 for 5.7 billion euros ($6.4 billion), including debt, potentially the biggest takeover of a listed German company by private equity.


Australian miner Fortescue says two driverless trucks involved in low-speed incident

Australian iron ore miner Fortescue said on Friday that one of its driverless trucks, traveling at low speed, ran into another that was parked at its remote Western Australian operations in an incident earlier this week.


Applied Materials second-quarter forecast misses on weak chip demand

Chip gear maker Applied Materials Inc forecast second-quarter profit and revenue below analysts’ estimates on Thursday, underscoring the weakness in the semiconductor industry that has forced some companies to temper their outlook.


Israeli software firm DriveNets raises $110 million in first funding round

Israeli networking software company DriveNets said on Thursday it raised $110 million in its first round of financing led by Bessemer Venture Partners and Israel’s Pitango Growth, with the participation of several private investors.


Computers could write full – and wrong – news stories – researchers

A research group backed by Silicon Valley heavyweights on Thursday released a paper showing that technology that can generate realistic news stories from little more than a headline suggestion is poised to advance rapidly in the coming years.


Cryptocurrency traders protest Indonesia’s new futures rules

Indonesian cryptocurrency traders are complaining that the government’s new rules on futures trading, which require high minimum capital for traders, will hinder development of the young but growing market.


Sequoia-backed Singapore telco Circles.Life to invest over $250 million in overseas push

Sequoia-backed Singaporean mobile services provider Circles.Life said on Thursday it plans to invest more than $250 million to roll out services in over five countries, including Taiwan and Australia, in the next 18 months.


Irish drug trial technology firm Teckro wins $25 million injection

Ireland’s Teckro, which makes software that allows physicians to take part in drug development trials from mobile devices, has won $25 million in financial backing from investors, as it hatches longer-term plans for a stock market listing.



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