Expedia third-quarter profit beats estimates, sees Orbitz deal boost

Expedia Inc on Thursday posted a rise in third-quarter profit that beat analysts’ estimates and said it now expects its takeover of Orbitz Worldwide Inc to yield greater benefits than previously anticipated. On an adjusted basis, it earned $276 million, or $2.07 per share, compared to the average analyst estimate of $265 million, or $2.02 per share, according to Thomson Reuters I/B/E/S. The stock surged 7.6 percent in after-market trade

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LinkedIn profit beats as recruitment services revenue jumps

(Reuters) – LinkedIn Corp reported higher-than-expected quarterly revenue and profit as it earned more from its recruitment services business and benefited from the acquisition of training video company lynda.com. Shares of LinkedIn, the operator of the biggest social networking site for professionals, rose about 10 percent in extended trading on Thursday. Revenue in the company's Talents Solutions business, which connects recruiters with job candidates, rose 46 percent to $502 million in the third quarter.

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Alibaba lowers second-quarter gross merchandise volume estimates

(Reuters) – Alibaba Group Holding Ltd said on Tuesday it expected second-quarter gross merchandise volume (GMV) to be lower than its initial estimates due to weaker consumer spending in China. Alibaba said it now expects GMV to be lower in mid-single digits on a percentage basis from its earlier estimates.

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EU strikes data-sharing deal with U.S. for security, terrorism cases

The European Union has struck a deal with the United States on protecting personal data shared for law enforcement purposes in criminal and terrorism investigations, the bloc's justice chief said on Tuesday. The so-called “umbrella agreement”, following four years of talks between both sides, would protect personal data exchanged between police and judicial authorities and also between companies and law enforcement authorities. European Justice Commissioner Vera Jourova said the data sharing agreement was a key step to strengthening Europeans' right to privacy.

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End to Brady suspension a game-changer for NFL fantasy football

Tom Brady is back, and for plenty of fantasy football fans his return marks a dramatic shift in strategy. The New England Patriots star quarterback will suit up this Thursday for his team’s season opener, after U.S. District Judge Richard Berman threw out the National Football League’s four-game suspension against him in the now notorious “Deflategate” case

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LinkedIn’s revenue beat fails to connect with investors

LinkedIn's shares were down 3.9 percent in after-hours trading, however, as investors focused on the company's widening losses and an underwhelming full-year revenue forecast. LinkedIn has been spending heavily to acquire businesses and build up its sales and development teams in an effort to leverage off its 380 million members.

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Researcher says can hack GM’s OnStar app, open vehicle, start engine

By Jim Finkle and Bernie Woodall BOSTON/DETROIT (Reuters) – A researcher is advising drivers not to use a mobile app for General Motors Co's OnStar vehicle communications system, saying hackers can exploit a security flaw in the product to unlock cars and start engines remotely. “White-hat” hacker Samy Kamkar posted a video on Thursday saying he had figured out a way to “locate, unlock and remote-start” vehicles by intercepting communications between the OnStar RemoteLink mobile app and the OnStar service.

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