Liberty Interactive to buy online retailer Zulily in $2.4 billion deal

Liberty Interactive Corp , which owns home shopping network QVC, said it would acquire Zulily Inc in a deal valued at $2.4 billion to tap into the online retailer's younger clientele and its strong mobile presence. Chinese e-commerce giant Alibaba Group Holding Ltd owns a stake of about 9 percent in the company. Billionaire John Malone-backed Liberty will combine the five-year old Zulily with its QVC business, which is about 30 years old and seen by analysts as a maturing business in the United States

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Despite protests, slog more likely than radical change in Brazil

By Paulo Prada RIO DE JANEIRO (Reuters) – Despite protests by hundreds of thousands of Brazilians against President Dilma Rousseff and ongoing calls for her impeachment, little suggests radical change in Brazil anytime soon. With the country hobbled by legislative gridlock, a lack of viable alternatives to the established political parties and an economic reversal so complete that its currency is trading at a 12-year trough, there are no easy or fast fixes

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Malaysia seeks help from tech firms to stem ‘false’ online content

Malaysia will ask three social media and Internet companies to curb content in the interest of public safety, the communications minister said on Monday. The request is the latest attempt by Malaysia’s embattled government to quell dissent after Prime Minister Najib Razak became embroiled in controversy over big debts at state fund 1Malaysia Development Berhad (1MDB).

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CentralNIC – Powering the xyz to Google’s abc

Ben Crawford was asleep 12,000 km (7,500 miles) from Google Inc's Mountain View, California headquarters this week when the Internet giant unveiled its new face. Crawford, chief executive of London-based CentralNIC Group Plc, woke up in Sydney to learn that the domain powered by his company – .xyz – would host the website of Google's new company, Alphabet Inc.

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Google has until August 31 to reply to EU antitrust charges

Google Inc , the world's most popular Internet search engine, has been given an extra two weeks to counter European Union charges of abusing its market power in a dozen EU countries and stave off a possible billion-euro fine. The European Commission has extended the deadline for replying to the charges to Aug. 31 from July 17, a Google spokesman said on Thursday

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Tinder says founder Sean Rad returning as CEO

(Reuters) – Online dating application Tinder said on Wednesday night that it had re-appointed the app’s founder, Sean Rad, as its chief executive. Rad returns after being replaced in March by former eBay Inc executive Chris Payne CEO. “We mutually determined that this wasn’t going to be optimal and thought that a quick transition served everybody best,” the company statement quoted Payne as saying.

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McDonald’s sorry after French workers forbidden to feed vagrants

McDonald's has apologized for an incident in which workers in one of the U.S. burger chain's French franchises appeared to be threatened with the sack for feeding homeless people. A photograph circulating on social media showed a notice pinned up at the McDonald's in Hyeres near Marseille in southern France, reading: “After an incident on July 25th, it is absolutely forbidden to provide food to vagrants, as a reminder, the team's meals should be eaten on the premises

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Atom Bank taps video game technology to win mobile customers

By Matt Scuffham DURHAM, England (Reuters) – Atom Bank's mobile banking app is so commercially sensitive that its developers won't even allow it to be demonstrated. The bank, whose founder believes can transform consumer banking in Britain, is in the final stages of preparation before launching its first products later this year

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Hackers stole secrets for up to $100 million insider-trading profit: U.S.

By Noeleen Walder, Jonathan Stempel and Joseph Ax NEW YORK (Reuters) – A group of mainly U.S.-based stock traders and computer hackers in Ukraine made as much as $100 million in illegal profits over five years by conspiring to use information stolen from thousands of corporate press statements before their public release, U.S. authorities said on Tuesday

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