SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Officer Mark Zuckerberg said he will take two months of paternity leave after his daughter's birth, though he did not say when she is due. Facebook allows its U.S
Read moreBy Heather Somerville SAN FRANCISCO (Reuters) – Snapchat, maker of a free mobile app that lets users send videos and messages that disappear in seconds, is struggling to gain traction with advertisers, fuelling investor concern that its $16 billion valuation isn't justified by a business that hasn't yet shown it has a steady source of income.
Read moreThe European Union will increase controls on pre-paid cards, money remittances and bitcoin in a bid to curb terrorism funding after the attacks in Paris that killed 129 people. EU interior and justice ministers agreed on Friday in Brussels to tighten checks on payment methods that may be conducted anonymously and might be used by terrorist organizations to finance attacks
Read moreIn a rare show of everyman charm from one of China's most elite politicians, Premier Li Keqiang appeared in a grinning selfie with visiting Indian Prime Minister Narendra Modi on Friday. Modi, who is visiting China this week to boost economic ties and discuss a persistent border dispute, is known for being at ease with social media, including a large follower base on Twitter.
Read more(Reuters) – Internet radio service Pandora Media Inc said it will appeal a rate court ruling that could force the company to pay higher royalties to Broadcast Music Inc (BMI) for music licenses. BMI said on Thursday the New York Rate Court ruled in its favor and agreed that the royalty rate of 2.5 percent of revenue was “reasonable, and indeed at the low end of the range of fees of recent licenses.” Pandora said in an emailed statement the ruling could increase its content costs as a percentage of revenue by 80 basis points. The latest court decision comes close on the heels of a court ruling in favor of Pandora last week, rejecting an effort by the American Society of Composers, Authors and Publishers (ASCAP) to charge Pandora more to license its music from 2013 to 2015.
Read more(Reuters) – Video streaming company Netflix Inc is in talks with Jack Ma-backed Wasu Media Holding Co and other potential partners to enter China's booming online video market, Bloomberg reported, citing people familiar with the matter. Netflix is seeking a partner that has licenses for content on all devices, including mobile phones, computers and set-top boxes, the report said.
Read moreIndian Prime Minister Narendra Modi will visit China next week, the Chinese Foreign Ministry said on Tuesday, his first trip to India's northern neighbor since being elected last year. Modi will be in China from May 14-16, the ministry said in a brief statement. China and India have growing commercial links and deep historical ties, but their recent history has been overshadowed by suspicion and the two have yet to sort out a festering border dispute.
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