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Online lender OnDeck Capital’s shares soar in debut

December 17, 2014 admin amid-heavy, berry-chief, help-it-win, lending, online-loan, rose-as-much, their-market, wednesday

By Neha Dimri (Reuters) – Shares of OnDeck Capital Inc rose as much as 40 percent in their market debut, underscoring investor appetite for startups using technology to disrupt traditional banking. The online lender’s shares touched a high of $28 amid heavy trading on Wednesday, valuing the company at about $1.85 billion. The company’s successful debut follows that of online loan marketplace LendingClub Corp, whose shares rose as much 67 percent in their debut last week.

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Big tech aims at talent shortage with ‘Hour of Code’ campaign

December 15, 2014 admin deaths, ended-on-sunday, hand-at-writing, internet, islam, over-the-deaths, said-on-tuesday, the-thinking, thinking

By Deepa Seetharaman SAN FRANCISCO (Reuters) – Call it the thinking man's ice bucket challenge: an hour of code. Last week, everyone from U.S.

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India police detain man said to be behind pro-Islamic State Twitter posts

December 13, 2014 admin arrest-at-home, base, berlin, britain, channel-four, cyber-security, cylance, identified-him, islamic, nidhi-verma, one-flagged, same-as-one, sanjeev-miglani, shami-witness, the-violent

By Sanjeev Miglani and Nidhi Verma NEW DELHI (Reuters) – Indian police on Saturday arrested a company executive suspected of operating a pro-Islamic State Twitter account that pumped out a stream of updates on the violent group’s military campaign from his base in Bengaluru. Mehdi Masroor Biswas’s arrest at home came days after Britain’s Channel Four identified him as the man behind “Shami Witness”, the Twitter handle followed by thousands of people including most foreign fighters for the Islamic State.

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All calm amid political storm at ‘Interview’ premiere

December 12, 2014 admin angeles, arrest-at-home, britain, cyber-security, cylance, engine-on-its, film, franco, north, rogen, stars-seth, tool-on-monday

By Piya Sinha-Roy Los Angeles (Reuters) – All was calm on Thursday at the Los Angeles premiere of Sony Pictures' parody film “The Interview”, which had been in the spotlight for sparking tension with North Korea and potentially prompting a major cyber hack on the company. Stars Seth Rogen and James Franco posed on a small red carpet restricted to photographers as Sony reined in media access after the film made headlines following a devastating security breach that leaked films, data and emails. ..

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Mega retailers battle to survive as e-commerce booms in China

December 12, 2014 admin alibaba, angeles, are-struggling, biggest-retail, britain, china, film, franco, home-appliance, north, rogen, stars-seth, suning

By Adam Jourdan SHANGHAI (Reuters) – It took China's biggest retail chain Suning all last year to generate sales of about $17 billion. Last month, e-commerce giant Alibaba saw sales worth more than half that amount pass through its Tmall website in just one day. Big retailers like Suning Commerce Group Co Ltd and foreign rivals Wal-Mart Stores Inc and Best Buy Co Inc are struggling to attract customers to their traditional stores in China, where online shopping is booming

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Snapchat partners with Square for payment service

November 17, 2014 admin debit, debit-cards, dollar-sign, green-button, post-on-its, snapcash, snapchat, their-account, white-house

SAN FRANCISCO (Reuters) – Mobile messaging company Snapchat is launching a new service that lets users send money to each other, in a partnership with online payments company Square.

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Russia plans alternative version of ‘Wikipedia’

November 14, 2014 admin content-similar, country, friday-citing, introduced-more, laptop-computer, mosque-before, protective-gear, russia, trace-at-least

MOSCOW (Reuters) – Russia plans to create its own “Wikipedia” to ensure its citizens have access to more “detailed and reliable” information about their country, the presidential library said on Friday.

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Reddit CEO Wong resigns, co-founder Ohanian to return

November 13, 2014 admin altman, chief-executive, interim-chief, news, recent-years, return-as-full, schibsted, social, some-emerging

(Reuters) – Social news hub Reddit said Chief Executive Yishan Wong had resigned and that co-founder Alexis Ohanian would return as full-time executive chairman.

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China’s Tencent, Warner Music partner for music streaming

November 13, 2014 admin beijing, companies-said, deal, evolution, global, global-mobile, internet, internet-conference, its-global, music-companies, richest-man, speaks-during, stream-licensed, tencent-holding, thursday

BEIJING (Reuters) – Chinese fans of Linkin Park and Jason Mraz will be able to stream licensed music from Tencent Holding Ltd after the internet firm said on Thursday it had signed a distribution deal with Warner Music Group (WMG). In a statement, the two companies said the deal would help music companies and artists by giving consumers better access to licensed music. The terms of the deal were not disclosed

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Exclusive: Lyft board members discussed replacing CEO, court documents reveal

November 8, 2014 admin california, chief-executive, dating-websites, improperly-kept, officer-logan, patrick-banks, picture, uber-lyft

By Dan Levine SAN FRANCISCO (Reuters) – Lyft board members had discussed replacing current Chief Executive Officer Logan Green, who was not aware of those talks, according to Lyft's former chief operating officer in a court filing obtained by Reuters on Friday. Ex-COO Travis VanderZanden eventually left Lyft and became vice president of international growth at rival car service Uber