Accused Silk Road operator maintained journal about website: U.S

By Nate Raymond NEW YORK (Reuters) – The accused operator of the online black marketplace Silk Road had a digital journal on his laptop detailing the development of the website and predicting it would become a “phenomenon,” jurors heard on Wednesday. Prosecutors showed jurors in Manhattan federal court journal entry excerpts dated in 2010 and 2011 found on a laptop seized when the FBI arrested Ross Ulbricht, who authorities say operated the website where drugs and other illicit goods could be bought with bitcoins. “Silk Road is going to become a phenomenon and at least one person will tell me about it, unknowing that I was its creator,” a 2010 journal entry on Ulbricht's laptop said.

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SAP sees lower margins for years to come as cloud transition bites

By Harro Ten Wolde WALLDORF, Germany (Reuters) – Europe's largest software group SAP SE has cut key profit forecasts and abandoned a target for higher margins, saying its stepped-up push to deliver products via the cloud would dampen profitability until at least 2018.

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China’s Tencent shuts down 133 WeChat accounts for ‘distorting history’: Xinhua

Tencent Holdings Ltd, China's biggest social networking firm, has shut down 133 accounts on its hugely popular mobile messaging app for “distorting history”, state media said on Tuesday, citing a government internet authority.

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Twitter buys Indian mobile marketing start-up ZipDial

(Reuters) – Twitter Inc on Tuesday said it will buy Indian mobile phone marketing start-up ZipDial, reportedly for $30 million to $40 million, as the U.S. microblogging service looks to expand in the world's second-biggest mobile market. Bengaluru-based ZipDial gives clients phone numbers for use in marketing campaigns.

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Google sticks to EU only application of ‘right to be forgotten’

By Julia Fioretti BRUSSELS (Reuters) – Google is only removing search results from European websites when individuals invoke their “right to be forgotten”, contrary to regulators' guidelines, but will review that approach soon, the company's chief legal officer said on Monday. The issue of how far the so-called right to be forgotten should extend has concentrated the minds of Europe's privacy regulators since the continent's top court ruled in May that individuals could have “inadequate, irrelevant or no longer relevant” information removed from search results.

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China investigates state television producer amid corruption probe

Chinese anti-graft authorities are investigating a television producer related to a disgraced former presidential aide probed for graft last month, the media reported on Monday, as the leadership widens a crackdown on corruption. Luo Fanghua, an executive of the business channel at state broadcaster China Central Television (CCTV), is the latest of several of the network’s senior producers, executives and journalists to face investigation for corruption

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U.S. penetrated North Korean networks years ago – New York Times

The U.S. National Security Agency began tapping into North Korean computer networks in 2010, an effort that ultimately helped provide evidence to persuade the Obama administration that Pyongyang was behind the cyber attack on Sony Pictures, the New York Times reported on Sunday. Citing former U.S

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Exclusive: Facebook hiring spree hints at ambitions in virtual reality and beyond

By Alexei Oreskovic and Bill Rigby SAN FRANCISCO/SEATTLE (Reuters) – Virtual reality goggles, drones and data centers are all driving a hiring spree at Facebook Inc that is set to swell its ranks as much as 14 percent in the near term, according to a review of job listings on the company's website. Oculus Rift, the maker of virtual reality headsets that Facebook acquired in a $2 billion deal last year, is among the key areas slated for growth, with 54 jobs listed on its website, according to a review by Reuters of listings. Among the roles that Facebook needs to fill for the Oculus business are managers to oversee logistics, procurement and global supply chain planning – a sign, some analysts say, that the product is nearing its commercial release

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