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  • Yelp reports surprise loss, revenue forecast disappoints

    The Yelp Inc. logo is seen in their offices in ChicagoThe company also reported its slowest revenue growth in 18 quarters in the three months ended June 30, and said Chairman Max Levchin would step down "to pursue other interests." There has been no decision on a replacement, Yelp said. Yelp, whose shares fell more than 16 percent in extended trading, said it expected to report net revenue of $139 million-$142 million in the third quarter - well below the $152.6 million average analyst estimate. Yelp's subscriber growth has been slowing in a crowded market.




  • Twitter shares fall as growth of monthly users slows

    A portrait of the Twitter logo in Ventura"This is unacceptable and we're not happy about it," Jack Dorsey, who stepped in as interim chief executive on July 1, said on a call with analysts. Twitter said it had 304 million core users in the second quarter, up from 302 million in the prior quarter. Twitter's struggles to increase its audience worries investors, who are focused on the company's growth potential, and the latest figures did little to reassure them.




  • IAC's profit beats estimates on strong dating business growth

    IAC/InterActiveCorp Chairman Diller leaves the Allen and Co's annual media conference in Sun Valley(Reuters) - Media mogul Barry Diller's IAC/InterActiveCorp reported a better-than-expected quarterly profit as more users signed up for its dating services and the paid version of its mobile app Tinder outperformed the company's expectations. Shares of IAC, whose portfolio also includes dating website Match.com as well as Investopedia and Dictionary.com, rose nearly 2 percent in trading after the bell on Tuesday. The company's search business is its largest, but the dating business Match Group is seen as the crown jewel of the conglomerate and has been driving strong results for the past few quarters.




  • Facebook's ascent has investors betting on more gains

    A picture illustration shows a Facebook logo reflected in a person's eye, in ZenicaInvestors in social media shares have zeroed-in on Facebook Inc , piling into stock options to add bullish bets on the company in the days ahead of its Wednesday earnings. Facebook escaped a rout in social media stocks after last quarter's results and its shares are up about 20 percent this year. “Facebook is definitely the standout leader in the group,” said Adam Sarhan, chief executive of Sarhan Capital.




  • Mystery lion sightings captivate Milwaukee residents
    By Brendan O'Brien MILWAUKEE (Reuters) - Nicole Anderson rode along a busy Milwaukee thoroughfare where she got plenty of stares, double takes and fingers pointing at her not only because she was nude, but because she was painted head to toe like a lion. Interest in all things lions has reached new heights in Milwaukee as the city's fixation with its feline version of Bigfoot - does it exist and is it really a lion? - has dominated local news, water-cooler talk and social media.

  • Planned Parenthood investigating claims of website hack
    Planned Parenthood called on the FBI and the U.S. Department of Justice on Monday for help managing cybersecurity, following a report that the reproductive healthcare group's website had been hacked by anti-abortion activists. The organization has come under scrutiny since the release of two secretly recorded videos earlier this month that critics said showed it was involved in the illegal sale of aborted fetal tissue for medical research. The Daily Dot online newspaper reported Monday that a hacking group had gained access to Planned Parenthood's website databases and the names and email addresses of its employees.

  • Baidu profit weighed down by offline mobile services push

    Baidu's company logo is seen at its headquarters in Beijing(Reuters) - Baidu Inc's quarterly profit missed analysts' estimates as China's biggest Internet search company spent heavily to diversify away from its core search advertising business, which is becoming less profitable and more competitive.




  • Canadian venture capital, private equity deals surge in 2015
    By Euan Rocha TORONTO (Reuters) - Deal-making activity in Canada's venture capital and private equity arena surged in the first half of 2015, driven by a spate of financings in the tech start-up space and large investments in energy assets, data from Thomson Reuters showed on Monday. The data indicates there was C$636 million ($488.48 million) in venture capital invested in 143 deals in the second quarter, a sum that was 15 percent higher than that invested by VC firms in the first quarter. This propelled VC investments in the first half of this year to C$1.19 billion, a 33 percent increase from the first half of last year and the strongest first half for VC funding in Canada since 2002.

  • U.S. TV networks court YouTube crowd in quest for digital viewers

    People pose with mobile devices in front of projection of Youtube logo in this picture illustration taken in ZenicaBy Lisa Richwine ANAHEIM, California (Reuters) - For the first time, cable TV network Nickelodeon staged a casting call at VidCon, a convention that draws stars of YouTube and social media like Vine, Instagram and Snapchat and their passionate followers. The Viacom-owned channel's talent search is one way traditional TV networks are recruiting Internet personalities to build audiences. YouTube stars include comedians, beauty gurus, product reviewers, gamers, musicians and fitness buffs who post videos of themselves, often looking directly into the camera.




  • House Benghazi panel says no date set for Clinton testimony
    The U.S. House committee investigating the 2012 attacks in Benghazi, Libya, said on Saturday that no date has been set for Hillary Clinton's testimony before the panel, contradicting a Clinton campaign spokesman who said the former secretary of state would appear on Oct. 22. "Secretary Clinton's campaign may want to reach out to her lawyer, Mr. David Kendall, with whom the Committee has had ongoing conversations. As of last night, Mr. Kendall was still negotiating conditions for her appearance," the committee said in a statement.

  • Clinton, congressional Benghazi panel at odds over appearance date

    U.S. Democratic presidential candidate Hillary Clinton speaks during an event at the New York University Leonard N. Stern School of Business in New YorkHillary Clinton's presidential campaign said on Saturday the former secretary of state will testify on Oct. 22 before a House committee investigating the 2012 Benghazi, Libya, attacks, but a spokesman for the panel said no date had been set. Republican Representative Trey Gowdy, chairman of the Benghazi investigation committee, had sought to hear from Clinton on the attacks, in which four Americans were killed, and her use of a private email account while she was America's top diplomat. A spokesman for Clinton, the front-runner in polls for the Democratic nomination in next year's presidential election, said she had accepted an offer from the committee to testify on Oct. 22.




  • Colorado cop's cute encounter with baby owl posted online
    Video of a Colorado deputy's encounter with a curious, clicking baby owl delighted animal-lovers on Friday after authorities posted footage of the unusual meeting in the mountains to the Internet. The deputy was driving near the small town of Nederland when she and a colleague were stopped in their tracks by the young northern saw-whet owl, the Boulder County Sheriff's Office said.

  • Competitive video-gaming organization to start drug testing
    A competitive video-gaming organization will begin testing players for performance-enhancing drugs next month, as the field of so-called eSports moves further into the mainstream and prize pools climb. The announcement by the Electronic Sports League came just weeks after one gamer admitted to using the stimulant Adderall at a tournament, sparking discussion around an issue that has long plagued traditional sports. The ESL said in a statement on Thursday it would start administering randomized skin tests for the drugs at its ESL One Cologne event in Germany in August, a tournament for the first-person shooting game "Counter-Strike: Global Offensive" that boasts a $250,000 prize pool.

  • WTO slashes tariffs on IT goods but implementation held up

    The World Trade Organization WTO logo is seen at the entrance of the WTO headquarters in GenevaBy Tom Miles GENEVA (Reuters) - The World Trade Organization finalised a list of 201 information technology products to be freed from import tariffs in a $1.3 trillion deal on Friday, but said it was still short of the critical mass of countries needed to put it into force. “Today's agreement is a landmark,” WTO Director-General Roberto Azevedo said in a statement, adding that the value of trade involved was worth 7 percent of the global total, more than world trade in cars. The product list includes new-generation semi-conductors, GPS navigation systems, medical products which include magnetic resonance imaging machines, printed circuits and satellites, the WTO said.




  • Taxi drivers block streets of Rio in protest against Uber

    A man rides his bicycle between taxis parked on the street during a protest against the online car-sharing service Uber in Rio de JaneiroUber Technologies Inc responded by offering free rides to customers to help alleviate transport issues on what it called a "difficult day for getting around." The company has come under fire in countries around the world, with local taxi drivers complaining that Uber drivers are not properly regulated and have fewer overhead costs, which makes them unfairly competitive. Lawmakers in Sao Paulo, Brazil's biggest city, and capital city Brasilia have already voted to ban Uber after protests by local taxi drivers. In Rio, cabbies parked their yellow taxis in a chain stretching for 5 kilometers (3 miles) along one of the city's main thoroughfares that connects the affluent south zone with the central business district.




  • Website linked to Tennessee shooting denies it sells guns

    U.S. flag flies alongside a sign in honor of the four Marines killed in Chattanooga, Tennessee"We'd like to make it clear that Armslist does not sell guns," Jonathan Gibbon, owner of the website, said in the video. The statement appeared on the website a day after the FBI said it knew where the suspect, Mohammod Youssuf Abdulazeez, obtained his guns but would withhold the information for now. Two friends of Abdulazeez told Reuters on Saturday that he had purchased three guns on armslist.com after returning from a 2014 trip to Jordan.




  • Pennsylvania professor's social media comments condemned as offensive
    Kaukab Siddique, a literature professor at Lincoln University, made derogatory comments toward women regarding rape in a Facebook post earlier this month. "We strongly condemn Professor Kaukab Siddique's reported remarks targeting the LGBT community, the Jewish community, and women," said Nancy Baron-Baer, ADL regional director, in a statement.

  • Connecticut teen of gun-firing drone video charged for assaulting police
    A Connecticut teenager who drew national attention this week for a viral Internet video showing a drone he had modified to fire a handgun was charged on Thursday with assaulting police officers in an unrelated incident. Austin Haughwout, 18, was charged with refusing to obey police orders on Wednesday when he was summoned to the Clinton police station in connection with an incident that occurred Sunday night, when he drove away from officers trying to question him in a library parking lot, according to police and court officials. When police attempted to arrest Haughwout on charges of interfering with an officer and failure to obey an officer's signal, he became violent and attempted to flee the police station, the Clinton Police Department said in a statement.

  • Airbnb hires Blackstone CFO Tosi: Bloomberg

    A supporter of Airbnb holds a sign during a rally before a hearing called "Short Term Rentals: Stimulating the Economy or Destabilizing Neighborhoods?" at City Hall in New YorkThe San Francisco-based company, one of Silicon Valley's most successful start-ups since it was founded five years ago by a trio of graduates, has so far snubbed an initial public offering in favor of ever-larger private fundraising rounds. Tosi's appointment, however, would better position the company to go public. The 47-year-old executive joined Blackstone in 2008, one year after the private equity firm went public.




  • Toronto cab drivers sue to halt Uber; seek C$400 million in damages

    Photo illustration of logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street in MadridBy Alastair Sharp TORONTO (Reuters) - Toronto taxi drivers are launching a class-action lawsuit against ride-sharing company Uber Technologies Inc [UBER.UL], seeking more than C$400 million ($307.27 million) in damages and an injunction to stop it operating in the Canadian province of Ontario. Law firm Sutts, Strosberg LLP, which is representing the taxi drivers, said in a statement on Thursday that the named plaintiff, cab driver Dominik Konjevic, alleges that "Uber X and Uber XL have created an enormous marketplace for illegal transportation in Toronto".




  • BlackBerry to buy messaging alerts firm AtHoc to expand software base

    A Blackberry sign is seen in front of their offices on the day of their annual general meeting for shareholders in WaterlooBy Euan Rocha TORONTO (Reuters) - BlackBerry Ltd said on Wednesday it is buying privately-held AtHoc, a provider of secure, networked crisis communications, as it moves to broaden its software offering and generate revenue from its BBM messaging service. San Mateo, California-based AtHoc's services are used by a number of top clients including the U.S. Department of Defense, Homeland Security and a host of blue-chip companies, to provide software that seamlessly allows them to reach staff via their smartphones, or via digital displays, radios, and even sirens, in times of crisis. "AtHoc is an alerts system, but it also needs richer content and that can be provided by BlackBerry Messenger (BBM), which offers not just text, but voice, picture and video sharing, so we can provide a much richer experience to their clients," said BlackBerry Chief Executive John Chen in an interview.




  • Herbalife files petition to seek user information from Twitter

    A Herbalife logo is shown on a poster at a clinic in the Mission District in San FranciscoThe petition for "discovery before suit" seeks to identify the person against whom a lawsuit can be filed. Herbalife said it wants Twitter to provide information such as IP addresses and account details of the user who vilified the company and its management as "thieves, pill pushing frauds and bullies". "The twitter feed of @AfueraHerbaLIES contains not only defamatory, disparaging, and deceptive posts about Herbalife and its products, but also contains numerous insulting and offensive statements about Herbalife's management team, its members, and even federal regulators," the company said in the petition filed on Monday in Illinois.




  • Mike Lynch-backed Darktrace valued at $100 million in new funding

    Mike Lynch, Founder and Chairman of Autonomy Corporation, poses for photographers at an awards ceremony in central LondonDarktrace, a cyber-security firm backed by former Autonomy boss Mike Lynch, said it had raised $22.5 million from U.S.-based venture capital company Summit Partners in a funding round that valued the company at more than $100 million. The company was one of Lynch's first investments after he left Hewlett-Packard Co in 2012 in an acrimonious split over the $11 billion acquisition of Autonomy. HP is suing Lynch and a former colleague for more than $5 billion over their management of Autonomy.




  • Contractor that built flawed Maryland health exchange website to pay $45 million
    By Donna Owens BALTIMORE (Reuters) - The prime contractor hired to build Maryland's flawed health exchange website will pay $45 million to the state and federal governments to avoid legal action over its performance, the state's attorney general said on Tuesday. Maryland’s health exchange program made national headlines last year when the state had one of the worst sign-up rates for state-run exchanges set up under President Barack Obama's Affordable Care Act. Noridian Healthcare Solutions LLC has agreed to pay $20 million up front and an additional $25 million in annual installments of $5 million over five years, state officials said.

  • Microsoft posts $3.2 billion loss as it writes down Nokia phone business

    An advertisement for Microsoft is seen over 42nd Street in ManhattanMicrosoft Corp reported a $3.2 billion quarterly net loss as it wrote down its Nokia phone business and demand fell for its Windows operating system. The company took a charge of $7.5 billion in the fourth quarter related to the restructuring of its Nokia handset business, which it acquired last year. Microsoft's shares fell 3 percent to $45.80 in extended trading on Tuesday.




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