CareFirst says cyberattack stole data of 1.1 million users in U.S

(Reuters) – CareFirst BlueCross BlueShield, which sells health insurance in Maryland, Virginia and the District of Columbia, said on Wednesday that a cyberattack compromised the data of 1.1 million current and former members. In May, Premera Blue Cross said that 11 million customers’ information may have been exposed in a hack

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Convicted murderer in ‘Serial’ podcast allowed to call new witness

(Reuters) – A Baltimore man serving life for murder, whose conviction was called into question by last year’s “Serial” podcast, will get a chance to call a new witness who says she can give him an alibi. The Maryland Court of Special Appeals granted Adnan Syed an opportunity to call a woman who said in an affidavit she saw him at a library around the time of the murder of his ex-girlfriend and high school classmate, Hae Min Lee, on Jan. 13, 1999

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Property management software maker AppFolio files for IPO

Morgan Stanley, Credit Suisse, Pacific Crest Securities and William Blair are underwriters to the IPO. The California-based company, whose investors include BV Capital and IGSB, provides software to small and medium-sized property managers and also offers legal software for small law firms under the brand “MyCase”.

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Online gambling firm GVC bids for bigger rival Bwin.Party

Sports betting and gaming company GVC Holdings Plc said it had submitted a bid for bigger rival Bwin.Party Digital Entertainment Plc, which put itself up for sale last year. Bwin’s shares were up 9.6 percent at 98.00 pence at 1422 GMT (10.22 a.m. ET) on Friday.

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India, China leaders try hand at "selfie" diplomacy

In a rare show of everyman charm from one of China's most elite politicians, Premier Li Keqiang appeared in a grinning selfie with visiting Indian Prime Minister Narendra Modi on Friday. Modi, who is visiting China this week to boost economic ties and discuss a persistent border dispute, is known for being at ease with social media, including a large follower base on Twitter.

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Netflix in talks with Jack Ma-backed Wasu to enter China: Bloomberg

(Reuters) – Video streaming company Netflix Inc is in talks with Jack Ma-backed Wasu Media Holding Co and other potential partners to enter China's booming online video market, Bloomberg reported, citing people familiar with the matter. Netflix is seeking a partner that has licenses for content on all devices, including mobile phones, computers and set-top boxes, the report said.

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China aims to boost Internet speeds, cut prices

China will accelerate development of its high-speed broadband networks to raise Internet speeds and cut prices, long bugbears in a country where many people still have no access to the web. Telecoms firms should make rapid moves to cut prices and increase urban broadband speeds by around 40 percent, according to a statement issued late on Wednesday by China's State Council, the country's cabinet. China's investment in broadband could benefit global network equipment makers such as Ericsson and Nokia Oyj's Alcatel-Lucent, as well as home-grown players like Huawei Technologies Co Ltd [HWT.UL] and ZTE Corp.

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Tencent first quarter revenue beats estimates as video, social ad sales drive gains

By Paul Carsten BEIJING (Reuters) – Tencent Holdings Ltd, China's biggest social network and online entertainment firm, posted higher-than-expected first quarter revenue as a drive to sell more advertising on its social networks and entertainment services began to pay off. Tencent's social networks are as ubiquitous in China as Facebook Inc is in many parts of the world, and the company has said it wants to emulate the success of its U.S

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LVMH’s Sephora picks JD.com for China online store, says fakes a concern

Global beauty retailer Sephora, part of French luxury goods group LVMH Moet Hennessy Louis Vuitton SE, launched its first online store in China on shopping platform JD.com Inc, the latest global firm to tap into China’s booming e-commerce market. The cosmetics chain, which has 174 physical stores in mainland China, said on Wednesday it had chosen JD.com partly due to its focus on fighting counterfeit goods, an issue that has plagued China’s online retail market including sector leader Alibaba Group Holding Ltd

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