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Friday, January 16, 2015

Technology Report: Alibaba in major initiative to court China consumer for U.S. retailers

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Alibaba in major initiative to court China consumer for U.S. retailers
SAN FRANCISCO/BEIJING/SHANGHAI (Reuters) - China's Alibaba Group Holding Ltd plans a major move to win U.S. business this year, by offering American retailers new ways to sell to China's vast and growing middle class.
N.Y. Post says Twitter feed was hacked after erratic Tweets
NEW YORK (Reuters) - The New York Post said some of its Twitter accounts were hacked on Friday, in the wake of a series of inaccurate posts on the social network relating to the Federal Reserve, Bank of America and U.S. military engagement with China.
Uber ordered to shut down South Carolina operations for now
(Reuters) - Ride-sharing company Uber has been ordered by South Carolina regulators to cease operations in the state while it remains in the process of seeking permission to legally do business there.
British police arrest man over Christmas Xbox, Playstation hacks
LONDON (Reuters) - British police said on Friday they had arrested a man in northwest England following the 2014 cyber attacks on Sony PlayStation and Microsoft Xbox systems.
Alibaba's latest mobile messaging effort: social networking for businesses
BEIJING (Reuters) - China's Alibaba Group Holding Ltd , the world's biggest e-commerce company, is piloting a mobile messaging app aimed at marrying social networking with business, an Alibaba spokeswoman said on Friday, as the company expands its enterprise services.
EU says part of Amazon's Luxembourg tax deal 'cosmetic'
BRUSSELS (Reuters) - Luxembourg took just two weeks to sign off a partly cosmetic deal that allowed Amazon to shift a large part of its European profits to an untaxed entity, according to EU antitrust regulators.
UK and U.S. intelligence agencies to up cyber security cooperation
LONDON (Reuters) - Britain and the United States will increase cooperation on cyber security, Prime Minister David Cameron said, setting up "cyber cells" to share intelligence and conduct simulated attacks to test the defences of organisations such as banks.
Hedge fund founder Chanos says shorting Intel shares: CNBC
NEW YORK (Reuters) - Jim Chanos, founder of hedge fund firm Kynikos Associates, said on Friday he is betting against the shares of chipmaker Intel Corp.
Apple, Google settle U.S. poaching lawsuit for $415 million
SAN FRANCISCO (Reuters) - Four Silicon Valley companies including Apple Inc and Google Inc agreed to pay $415 million to resolve an antitrust class action lawsuit by tech workers who accused the firms of conspiring to avoid poaching each other's employees, according to a court filing on Thursday.
China's Xiaomi to invest in Indian start-ups, overseas content
BEIJING (Reuters) - China's Xiaomi Inc [XTC.UL] plans to invest in Indian tech start-ups and overseas media content, as the world's No.3 smartphone maker looks to dominate homes with its own TVs and appliances.
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