Marriott, Alitrip tie-up to let Chinese travellers book online

By Clare Baldwin HONG KONG (Reuters) – U.S.-based hotel chain Marriott International Inc and Alibaba Group’s online travel booking platform announced a tie-up on Monday, joining a flurry of rivals expanding their presence in China to cater to the country’s growing upper-middle class. China’s economy is forecast to slow to roughly 6.5 percent growth in coming years, but companies such as Alibaba Group Holding Ltd and Tencent Holdings Ltd promise direct access to the country’s middle class and what Marriott Asia Pacific head Craig Smith is calling a “land grab” for Chinese travellers.

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Trump pokes fun at his presidential style as ‘Saturday Night Live’ host

By Erin McPike and Alice Popovici NEW YORK (Reuters) – Candidate Donald Trump on Saturday satirized his imaginary presidency with a Washington Monument covered in gold mirrors and policy agenda made of magic in his turn as host of comedy show “Saturday Night Live.” The Republican front runner steered clear of making fun of an immigration plan that has angered Latinos but the show's writers did make sure he was called a “racist” during his opening monologue. Actor Larry David stood to the side of the stage and yelled “racist” as Trump spoke, saying he heard he would make $5,000 for doing so — a reference to one group's offer to anyone who yelled that at Trump during the live NBC show.

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Square IPO priced at 30 percent discount to last private funding

By Heather Somerville SAN FRANCISCO (Reuters) – Mobile payments company Square Inc set a price range on Friday for its highly anticipated initial public offering that values the company at up to $4.2 billion, a 30 percent discount to its valuation at its last fundraising round. San Francisco-based Square, which is headed by Twitter Inc Chief Executive Jack Dorsey, is one of the most prominent “unicorns,” or private companies valued at more than $1 billion, to make a public debut this year

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German private-sector watchdog accuses Zalando of false advertising

A German private-sector competition watchdog has filed for an injunction against online fashion retailer Zalando, it said on Thursday, accusing the group of false advertising. The Centre for Protection against Unfair Competition said in a statement that Zalando had in its online shop misrepresented how many pieces of certain items of clothing were still available, creating the impression that customers needed to act fast to buy them.

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Iranian military hackers focus on U.S. administration officials: WSJ

Iran's Revolutionary Guards stepped up hacking of email and social media accounts of Obama administration officials in recent weeks in cyber attacks believed linked to the arrest of an Iranian-American businessman in Tehran, the Wall Street Journal reported on Wednesday. The newspaper, citing unnamed U.S.

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Facebook revenue, profit beat forecasts; shares hit all-time high

By Yasmeen Abutaleb and Lehar Maan SAN FRANCISCO (Reuters) – Facebook Inc posted surprisingly strong profit and revenue growth as the world's largest social network grew even larger, with a spike in mobile users and advertising that lifted its stock to an all-time high. The company on Wednesday reported audience numbers that suggest it is poised to take on mainstream media as an advertising force, helping investors to overlook Facebook's huge spending on hiring and building data centers

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British police make fourth arrest in TalkTalk cyber attack

British police have made a fourth arrest in connection with a cyber attack on telecoms company TalkTalk (TALK.L) in which the company said bank details of more than 20,000 customers were hacked. A 16-year-old boy from Norwich in eastern England was in custody and his address was being searched, London police said in a statement on Tuesday. TalkTalk shocked customers last month when the broadband, TV, mobile and fixed-line service provider said it had been hacked, potentially putting the private details of its 4 million customers into the hands of criminals

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