Google launches portal to buy patents

(Reuters) – Google Inc said it would launch an experimental portal that allows interested patent holders to sell their patents to the company. Patent holders can tell Google about the patents they're willing to sell and the expected price through the portal, the company said on its blog.

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China foreign website malfunction drives home Internet woes

BEIJING/SHANGHAI (Reuters) – Internet users in China were unable to use a number of popular foreign websites on Monday, the latest in a series of challenges businesses and individuals have faced going online in the world's second-largest economy. Social media users first reported on Sunday that they were being sent to software website wpkg.org and travel website ptraveler.com when trying to access news websites like cnn.com, news portal yahoo.co.jp, and games website runescape.com, among others. Reuters reporters in China also experienced similar issues

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Grooveshark copyright violations ‘willful,’ judge says before trial

By Andrew Chung NEW YORK (Reuters) – Online music streaming service Grooveshark could potentially have to pay hundreds of millions of dollars to major record labels after a U.S. judge ruled ahead of its trial starting on Monday that Grooveshark’s copyright violations on nearly 5,000 songs were “willful” and made “in bad faith.” U.S. District Judge Thomas Griesa, who will preside over the trial in federal court in Manhattan, said in a court order on Thursday that because of Grooveshark’s actions he will tell jurors they can choose to award the statutory maximum of $150,000 in damages per song

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EU antitrust case against Google based on 19 complainants: sources

By Foo Yun Chee and Eric Auchard BRUSSELS/BERLIN (Reuters) – The European Union's decision to take on Google last week stems from official complaints by 19 companies in Europe and the United States, including Microsoft and a number of small firms, people familiar with the matter said on Friday. The list of complainants in the European Commission's charge sheet, which includes companies not directly involved in the charges around Google's shopping service, would make it easier for the regulator to expand the case beyond its preliminary focus on price-comparison shopping sites. Being an official party to the case gives the companies an insider track on the regulatory proceedings as they will be able to get a copy of the detailed EU charge sheet and argue their case at a hearing of competition experts should Google ask for one.

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Infosys bets on new services to push sales to $20 billion by 2020

By Aman Shah and Devidutta Tripathy MUMBAI (Reuters) – Infosys Ltd, India's second-largest software services exporter, on Friday posted quarterly net profit that lagged most analyst expectations, dampening hopes of a quick turnaround after top management changes. Bengaluru-based Infosys, once seen as the bellwether of India's $150 billion IT services industry, has in recent years struggled to innovate and retain market share due to a staff exodus that also impacted its ability to win lucrative deals.

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India’s Paytm adds mobile marketplace app for e-merchants

Paytm, an Indian online payments platform backed by China’s Alibaba, is pushing deeper into India’s booming e-commerce industry with a zero-commission mobile app marketplace targeted at small and medium-sized firms, the mainstay of the country’s economy.

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Amazon revenue beats, cloud computing more profitable than expected

The e-commerce company for the first time broke out financial details of its secretive cloud computing unit, Amazon Web Services, on Thursday, saying revenue jumped almost 50 percent to $1.57 billion, or about 7 percent of total revenue. The unit's operating income grew 8 percent to $265 million.

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