Music streaming service Deezer plans Paris listing

By Leila Abboud PARIS (Reuters) – Music streaming service Deezer plans a flotation on the Paris stock exchange by the end of the year as it tries to keep up with larger, deeper-pocketed rivals such as Apple Inc and Sweden’s Spotify. Deezer, which analysts expect to achieve a stock market valuation of about 1 billion euros ($1 billion), and its rivals represent a shift in the music industry, away from buying and downloading tracks to listening online to songs stored remotely

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Apple’s iOS App Store suffers first major attack

By Jim Finkle BOSTON (Reuters) – Apple Inc said on Sunday it is cleaning up its iOS App Store to remove malicious iPhone and iPad programs identified in the first large-scale attack on the popular mobile software outlet. It is the first reported case of large numbers of malicious software programs making their way past Apple's stringent app review process. Prior to this attack, a total of just five malicious apps had ever been found in the App Store, according to cyber security firm Palo Alto Networks Inc

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Cheap robots may shift car making from China to U.S.: Magna CEO

The falling cost of intelligent robots may help repatriate some car manufacturing work away from low-cost locations like China back to factories in Germany and North America, Donald Walker, Chief Executive of auto supplier Magna told Reuters. Rising wages in China and the cost of importing heavy components like electric car batteries into Europe may lead established car makers to introduce more highly efficient automated manufacturing closer to home, Walker told Reuters in an interview at the Frankfurt auto show. “If you have a high labor, easy-to-ship part, it has already gone, for the most part, to a low-cost jurisdiction,” Walker said about the evolution of assembly work in the car manufacturing business

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Chinese computer hack attacks slow ahead of Obama summit: experts

By Joseph Menn and Doina Chiacu WASHINGTON (Reuters) – Major intrusions by Chinese hackers of U.S. companies' computer systems appear to have slowed in recent months, private-sector experts say, ahead of a meeting between China's president and President Barack Obama with cyber security on the agenda. “The pace of new breaches feels like it’s tempering,” said Kevin Mandia, founder of Mandiant, a prominent company that investigates sophisticated corporate breaches

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Google gains billions in value as YouTube drives ad growth

Google's class A shares chalked up their largest single-day percentage change in more than seven years on Friday. The rise in Google's market value was more than the total market capitalization of Caterpillar Inc , the world's biggest construction equipment maker

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Symphony’s Wall Street messaging system aims to widen reach

By Lauren Tara LaCapra NEW YORK (Reuters) – Symphony Communication Services LLC, a Wall Street-backed messaging and information startup, is about to start offering its product more widely. The company, which has more than 30,000 users in a “beta” version of its product, will roll out a new interface and iPhone application for them on Monday, Chief Executive David Gurle told Reuters in a recent interview.

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E-commerce website Etsy shares soar after Google mention

Speaking to analysts after its second-quarter report late on Thursday, Google Chief Business Officer Omid Kordestani pointed to Brooklyn-based Etsy as a good example of web companies winning more business due to Google's recent move to index information and pages within third-party apps. “Developers like Etsy are already seeing a boost in traffic as a result of deep linking,” Kordestani said. The jump in Etsy's shares pressured short sellers who recently increased bets against the company, which has grown from selling just wooden goods to include other crafts, vintage goods and recently, mass manufactured products

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Apple Pay launches in Britain as hold-out Barclays signs up

Apple introduced its mobile payments service to Britain on Tuesday as Barclays confirmed its participation in the U.S. tech giant's move to capitalize on the increasing number of consumers who are comfortable making tap-and-go purchases

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Instagram takes steps to open platform to advertisers

Instagram said on Tuesday that it is taking steps to make its ads available to all types of businesses, not just hand-selected brands. Starting in June, Instagram this year is rolling out to advertisers the ability to more closely direct campaigns by zip code and other data sets like interests in the same ways that brands can target consumers on its parent company Facebook Inc. In addition it will let advertisers link to external websites or app stores with buttons such as “shop now,” “sign up,” “learn more,” and “install now.” Currently, it works closely with only a handful of brands like Levi's, Banana Republic and Ben & Jerry's.

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