Liberty Interactive to buy online retailer Zulily in $2.4 billion deal

Liberty Interactive Corp , which owns home shopping network QVC, said it would acquire Zulily Inc in a deal valued at $2.4 billion to tap into the online retailer's younger clientele and its strong mobile presence. Chinese e-commerce giant Alibaba Group Holding Ltd owns a stake of about 9 percent in the company. Billionaire John Malone-backed Liberty will combine the five-year old Zulily with its QVC business, which is about 30 years old and seen by analysts as a maturing business in the United States

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CentralNIC – Powering the xyz to Google’s abc

Ben Crawford was asleep 12,000 km (7,500 miles) from Google Inc's Mountain View, California headquarters this week when the Internet giant unveiled its new face. Crawford, chief executive of London-based CentralNIC Group Plc, woke up in Sydney to learn that the domain powered by his company – .xyz – would host the website of Google's new company, Alphabet Inc.

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Google has until August 31 to reply to EU antitrust charges

Google Inc , the world's most popular Internet search engine, has been given an extra two weeks to counter European Union charges of abusing its market power in a dozen EU countries and stave off a possible billion-euro fine. The European Commission has extended the deadline for replying to the charges to Aug. 31 from July 17, a Google spokesman said on Thursday

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McDonald’s sorry after French workers forbidden to feed vagrants

McDonald's has apologized for an incident in which workers in one of the U.S. burger chain's French franchises appeared to be threatened with the sack for feeding homeless people. A photograph circulating on social media showed a notice pinned up at the McDonald's in Hyeres near Marseille in southern France, reading: “After an incident on July 25th, it is absolutely forbidden to provide food to vagrants, as a reminder, the team's meals should be eaten on the premises

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China car services firm Tuhu raises $100 million from Joy Capital, Welkin

Tuhu, a Chinese online platform for automobile services and products, said on Tuesday it raised about $100 million from a group of investors including venture capital firm Joy Capital, looking to expand its distribution network and warehouses. Joy Capital, whose founders include the former head of telecommunications investments at Legend Capital, led the funding round, Tuhu Founder and Chief Executive Min Chen said. Other investors included private equity firm Welkin, leasing company Far East Horizon Ltd and existing Tuhu investors such as Legend Capital and Qiming Venture Partners.

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Online meal firm HelloFresh prepares for listing this year: sources

By Arno Schuetze and Alexander Hübner FRANKFURT (Reuters) – Online meal preparation firm HelloFresh is readying a stock market listing this year as it seeks to capitalize on buoyant equities markets and investor appetite for the Internet food market, according to three people familiar with the matter. Majority owner Rocket Internet and co-investors have mandated Morgan Stanley and Goldman Sachs to organize the listing, the sources said.

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Facebook says drone ready for real-world testing later this year

By Yasmeen Abutaleb MENLO PARK, Calif. (Reuters) – Facebook Inc announced on Thursday it has completed building its first full-scale drone, which has the wingspan of a Boeing 737 and will provide Internet access to the most remote parts of the world. The plane will weigh about 880 pounds (400 kg), said Yael Maguire, the company's engineering director of connectivity

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FBI understaffed to tackle cyber threats, says watchdog

The FBI is struggling to attract computer scientists to its cybersecurity program mainly due to low pay, a report by the U.S. Department of Justice showed, highlighting weaknesses in a flagship initiative to tackle growing cyber threats. As of January 2015, The Federal Bureau of Investigation had only hired 52 of the 134 computer scientists it was authorized to employ under the Justice Department's Next Generation Cyber Initiative launched in 2012, the report showed

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U.S. TV networks court YouTube crowd in quest for digital viewers

By Lisa Richwine ANAHEIM, California (Reuters) – For the first time, cable TV network Nickelodeon staged a casting call at VidCon, a convention that draws stars of YouTube and social media like Vine, Instagram and Snapchat and their passionate followers. The Viacom-owned channel's talent search is one way traditional TV networks are recruiting Internet personalities to build audiences. YouTube stars include comedians, beauty gurus, product reviewers, gamers, musicians and fitness buffs who post videos of themselves, often looking directly into the camera.

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