Monthly Archives: October 2016

Amazon targets Chinese demand for overseas shopping with Prime launch

Share Tweet Pin Mail Amazon.com Inc has launched a tailored version of its Prime service in China to tap consumer demand for overseas goods, putting the U.S. online retail firm in closer competition with local rivals Alibaba Group and JD.com. … Continue reading

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Toyota invests in U.S. car-sharing service

Share Tweet Pin Mail Toyota Motor Corp on Friday said it has invested in U.S. car-sharing company Getaround, a move that comes as global automakers seek to shore up their presence in new technology sectors amid growing competition from transport … Continue reading

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Facebook executives feel the heat of content controversies

Share Tweet Pin Mail By Kristina Cooke, Dan Levine and Dustin Volz SAN FRANCISCO/WASHINGTON (Reuters) – After Facebook's removal of an iconic Vietnam war photo stirred an international uproar last month, the social network's executives quickly backtracked and cleared its … Continue reading

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Amazon forecast for holiday season disappoints as investment rises

Share Tweet Pin Mail Amazon is racing to ship packages as quickly as possible by building out its own delivery system. It is making heavy U.S. investments as well as pouring funds into foreign markets, and it also is building … Continue reading

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Google parent Alphabet profit surges on mobile, video ads

Share Tweet Pin Mail Google parent Alphabet Inc bested analysts' estimates for third-quarter profit and revenue on Thursday as the search company showed it has honed its core business for the mobile era and is closing in on the next … Continue reading

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Booz Allen reviewing security after arrest of NSA contractor

By Dustin Volz WASHINGTON (Reuters) – Booz Allen Hamilton said on Thursday it had hired a former FBI chief to conduct an external review of its security practices, after the consulting firm learned for the second time in three years … Continue reading

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Twitter’s video-sharing mobile app Vine to close

By Amy Tennery NEW YORK (Reuters) – Twitter Inc announced Thursday that it would discontinue the video-sharing mobile app Vine, as it moves to cut 9 percent of its workforce worldwide to keep costs down after beating Wall Street quarterly … Continue reading

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Google parent Alphabet beats on revenue, earnings; sets buyback

Alphabet, along with Facebook Inc, dominates the fast-growing mobile advertising market. Shares of Alphabet, the world's No. 2 company by market value, were up 1.6 percent in after-hours trading. The company posted third-quarter adjusted earnings per share of $9.06 on … Continue reading

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Florida man pleads guilty to hacking, spamming scheme

A Florida man pleaded guilty on Thursday to charges stemming from his role in wide-ranging hacking scheme that generated $1.3 million through the hijacking of customer email accounts to send unsolicited “spam” messages, prosecutors said. Timothy Livingston, 31, entered his … Continue reading

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U.S. lawmakers raise privacy concerns over new hacking rules

By Dustin Volz WASHINGTON (Reuters) – A bipartisan group of lawmakers in the U.S. Congress on Thursday asked the Justice Department to clarify how a looming rule change to the government's hacking powers could impact privacy rights of innocent Americans. … Continue reading

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U.S. FCC approves new broadband service privacy rules

By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Communications Commission on Thursday voted 3-2 to adopt new privacy rules that will subject broadband internet service providers to more stringent requirements than websites like Facebook Inc, Twitter Inc or Alphabet … Continue reading

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In breathless U.S. election, Twitter generates buzz not cash

By Jessica Toonkel and Amanda Becker NEW YORK/WASHINGTON (Reuters) – This year's presidential election might be the perfect microcosm of Twitter's woes.        While some of the most memorable moments of the campaign for the White House have played out on … Continue reading

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Texas college student takes topless selfie, hits police car, gets arrested

A 19-year-old Texas A&M University student taking a topless selfie while driving slammed into the rear of a stopped police car and was arrested, police said on Thursday. The student, Miranda Rader, also had an open bottle of wine in … Continue reading

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New Jersey man pleads guilty to charge in Rutgers cyber bullying case

The former Rutgers University student whose high-profile cyber bullying conviction was overturned last month pleaded guilty on Thursday to attempted invasion of privacy, prosecutors said. Dharun Ravi, 24, the New Jersey man accused of recording his roommate Tyler Clementi kissing … Continue reading

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Twitter cuts jobs with eye on 2017 profit; Vine discontinued

More than 300 Twitter employees will be affected by the layoffs as part of a broader restructuring, a figure similar to an earlier round of reductions announced a year ago. Separately, the company announced it would discontinue Vine, a video … Continue reading

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