Monthly Archives: July 2016

Exclusive: FBI probes hacking of Democratic congressional group – sources

By Joseph Menn, Dustin Volz and Mark Hosenball SAN FRANCISCO/WASHINGTON (Reuters) – The FBI is investigating a cyber attack against another U.S. Democratic Party group, which may be related to an earlier hack against the Democratic National Committee, four people … Continue reading

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China banks in alliance to offer free online money transfers

SHANGHAI (Reuters) – Twelve Chinese commercial banks have signed an alliance allowing customers to transfer funds online and via mobile phones without being charged, state news agency Xinhua reported late on Thursday. The members of the alliance include China Citic … Continue reading

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Among Democrats, another convention hums in Sanders fans’ phones

By Jonathan Allen PHILADELPHIA (Reuters) – There is the Democratic convention unfolding onstage in Philadelphia this week, broadcast to millions on television. Then there is a second convention that exists largely hidden from public view in the smartphones of Bernie … Continue reading

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Amazon tops Wall Street targets, lifted by cloud revenue

Amazon.com Inc posted strong results across its older and newer businesses on Thursday as global Web retail sales and cloud services topped Wall Street targets and the world's largest online merchant forecast revenue would outpace expectations in the current quarter … Continue reading

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Expedia revenue misses estimates, mulls listing for Trivago

(Reuters) – Expedia Inc reported lower-than-expected quarterly revenue due to higher promotions for its member loyalty program and discounts to promote new hotel listings, sending the company's shares down more than 6 percent in extended trading. Expedia, which owns a … Continue reading

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Alphabet posts strong revenue on video market, stock surges

Alphabet Inc, Google's parent, posted a 21.3 percent increase in second-quarter revenue, exceeding analysts' expectations, as the tech giant continued to nudge its vast advertising business toward mobile and capitalized on the boom in video. The sharp revenue growth suggests … Continue reading

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Russia to U.S., Trump: Sort out your own pre-election hacking scandal

By Andrew Osborn and Maria Tsvetkova MOSCOW (Reuters) – Russia told the United States on Thursday to get to the bottom of a hacking scandal involving Democratic Party emails itself and rejected what Donald Trump said was a sarcastic suggestion … Continue reading

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Facebook shares hit record high as it beats estimates again

The social networking giant beat market expectations for profit and revenue yet again in the latest quarter, pushing up its shares to a record high on Thursday and allowing it to overtake Warren Buffett's Berkshire Hathaway Inc as the fifth … Continue reading

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Connecticut man charged with threatening Jews online

Kendall Sullivan, 50, of Stamford, was charged on Wednesday by a federal grand jury in Bridgeport, Connecticut, with three counts of making threatening communications online, each punishable by up to five years in prison. The defendant has been in custody … Continue reading

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SoftBank books $65 million in retirement pay to founder’s ex-heir apparent

Arora, the former Google executive handpicked by SoftBank founder Masayoshi Son as his successor, resigned abruptly last month, just two years into his stint, as Son decided to stay longer. The 6.8 billion yen expenses, revealed in SoftBank’s quarterly financial … Continue reading

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Record online orders boosts GrubHub revenue, shares soar

(Reuters) – GrubHub Inc's revenue increased more than expected in the second quarter as a record number of people used its service to order meals online, sending the company's shares surging to a new year-high. GrubHub's third-quarter revenue forecast also … Continue reading

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China, Africa ink $17 bln preliminary cooperation pacts: Xinhua

BEIJING (Reuters) – Chinese companies and banks agreed preliminary deals with African counterparts on $17 billion worth of cooperation in sectors including infrastructure, energy, pharmaceuticals and information technology, the official Xinhua News Agency reported on Thursday. Companies and financial institutions … Continue reading

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SoftBank sees sharp recovery for Sprint, flags much investment for ARM

Japan's SoftBank Group Corp on Thursday flagged a sharp recovery for struggling U.S. unit Sprint and was bullish about long-term prospects for soon-to-be-acquired UK chip designer ARM . The telecoms and internet conglomerate unveiled plans this month to purchase ARM … Continue reading

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South Korea says North hacked online shopping site

South Korea said on Thursday it suspected North Korea of hacking a South Korean online shopping site and stealing personal records of more than 10 million shoppers in what appeared to be the latest case of a cyber attack by … Continue reading

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China green lights ride-hailing services with new regulations

By Jake Spring BEIJING (Reuters) – China has given the green light to online ride-hailing services, issuing guidelines that establish a long-awaited framework for the booming industry and remove uncertainty for firms such as Didi Chuxing and U.S. rival Uber … Continue reading

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