Facebook brings apps, businesses to Messenger service

By Alexei Oreskovic SAN FRANCISCO (Reuters) – Facebook Inc on Wednesday opened up its Messenger service for developers to create apps and for shoppers to communicate directly with retailers, as the Internet company seeks to expand its reach. The new features mark Facebook's latest effort to transform its mobile messaging service into a full-featured platform with the same pull with consumers and businesses as its flagship 1.4-billion user social network. Facebook unveiled the new features at its annual developer conference in San Francisco, for the first time allowing developers to create apps that function inside the Messenger service used by more than 600 million people.

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PayPal to pay $7.7 mln in U.S. Treasury sanctions case

PayPal, the electronic payments firm, agreed to pay $7.7 million to settle charges by the U.S. Treasury Department that it violated numerous sanctions programs against countries that include Iran, Cuba and Sudan, Treasury said on Wednesday. PayPal, owned by EBay Inc , did not adequately screen its transactions for U.S

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Confidential FTC report found Google anticompetitive tactics: WSJ

Key staff members at the U.S. Federal Trade Commission were in favor of suing Google Inc for violating antitrust rules before the agency settled its investigation in 2013, according a confidential report cited by the Wall Street Journal on Thursday. The report by the staff of the FTC's competition bureau argued that the owner of the world's No

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State Dept. has yet to clear its computer network of hackers: WSJ

Three months after the U.S. State Department confirmed hackers breached its unclassified email system, the government has still not been able to evict them from the network, the Wall Street Journal reported on Thursday, citing three people familiar with the investigation. Government officials, assisted by outside contractors and the National Security Agency, have repeatedly scanned the network and taken some systems offline, the Journal reported.

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Latvian man pleads not guilty over Gozi computer virus scheme

Deniss Calovskis, 29, entered the plea in federal court in Manhattan a day after being extradited from Latvia to face charges that he wrote some of the computer code that made the so-called Gozi virus so effective. An indictment against Calovskis was unsealed in January 2013 when prosecutors announced separate charges against Nikita Kuzmin, a Russian whom they say created the virus, and Mihai Ionut Paunescu, a Romanian who allegedly ran a service that enabled its distribution. Prosecutors say Calovskis, who resided in Riga, Latvia, was hired to develop a computer code that altered how banks’ websites appeared in order to trick victims into divulging personal information.

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Spotify expresses interest to raise $500 million: WSJ

(Reuters) – Online music streaming service Spotify is working with Goldman Sachs for a new round of private fundraising which could potentially put off the initial public offering for another year, the Wall Street Journal reported, citing people familiar with the matter. Spotify is talking with investors who are known to buy into companies before a IPO, including mutual fund T. Rowe Price Group, the report said, citing people familiar with the matter.

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Google fourth-quarter revenue misses Wall Street target

By Alexei Oreskovic SAN FRANCISCO (Reuters) – Google Inc's revenue grew 15 percent in the fourth quarter but fell short of Wall Street's target on declining online ad prices and unfavorable foreign exchange rates. Shares of Google edged up 0.1 percent to $510.66 in extended trading after an initial dip on the news

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