FBI has lead in probe of 1.2 billion stolen Web credentials: documents

By Nate Raymond NEW YORK (Reuters) – A hacker who once advertised having access to user account information for websites like Facebook and Twitter has been linked through a Russian email address to the theft of a record 1.2 billion Internet credentials, the FBI said in court documents. The papers, made public last week by a federal court in Milwaukee, Wisconsin, provide a window into the Federal Bureau of Investigation's probe of what would amount to the largest collection of stolen user names and passwords. The court papers were filed in support of a search warrant the FBI sought in December 2014 and that was executed a month later related to email records.

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U.S. Ambassador Caroline Kennedy used personal email for official business: audit

U.S. Ambassador to Japan Caroline Kennedy used her personal email for official business despite a State Department policy advising employees generally to avoid this, an internal audit released on Tuesday said. The State Department's Office of Inspector General made the finding in a routine report on the Tokyo embassy as the agency is under scrutiny for Hillary Clinton's use of a private email address and server when she was secretary of state

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Caitlyn Jenner costume for Halloween sparks social media outrage

By Katie Reilly NEW YORK (Reuters) – Retailers selling Caitlyn Jenner costumes for Halloween sparked a social media firestorm on Tuesday from critics who say the get-up insults transgender people and promotes stereotypes. Jenner, a former Olympic gold medalist and reality TV star known as Bruce, came out as transgender this year and introduced herself in a Vanity Fair cover story that earned international attention. A change.org petition launched on Monday is demanding that Spirit Halloween, a costume company with over 1,100 locations in the United States and Canada, stop producing and selling the costume, which includes a brunette wig, shiny white padded bustier and shorts resembling the outfit Jenner wore in the Vanity Fair cover photo.

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Alibaba drop leaves stock pennies above IPO price

By Noel Randewich SAN FRANCISCO (Reuters) – Shares of Alibaba Group Holding Ltd fell 3 percent on Friday and were perilously close to breaking below the price set in the largest IPO in history as fears of a China-led global slowdown rattled investors. A potential move below $68 would make China's largest e-commerce firm the second high-profile tech company to fall below its IPO price this week after Twitter Inc on Thursday dropped below its 2013 IPO price.

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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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Online ad revenue at risk in war on ‘click fraud’

Spurred by a warning in December by the Association of National Advertisers (ANA) that businesses are losing $6.3 billion a year to so-called “click fraud,” these companies now stipulate in advertising contracts that they will only pay for online ads when given proof that humans clicked on them. “We don't want to be paying for non-human traffic,” said Mark Clowes, global head of advertising at American International Group Inc , the largest commercial insurer in the country. In a typical click fraud scheme, a crook infects many computers with malicious software, and directs the machines – called bots – to visit a webpage, click on an ad or watch a video

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Hon Hai, Tencent partner in electric car business

Taiwan's Hon Hai Precision Industry Co Ltd on Monday said it has partnered Chinese social networker Tencent Holdings Ltd to develop opportunities related to electric vehicles, marking the latest tech foray into “smart” cars. Hon Hai, WeChat operator Tencent and luxury car dealer China Harmony Auto Holding Ltd signed an agreement to work together in the Chinese city of Zhengzhou, Henan province, the contract manufacturer said without detailing specifics. The partnership would put Tencent on a par with online peers Alibaba Group Holding Ltd and Baidu Inc, which have already moved into the nascent market for Internet-connected cars vie tie-ups with major auto makers

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China to reap Alibaba windfall as tightens up on tax

By Michelle Price HONG KONG (Reuters) – China could make billions of dollars from taxing gains made by employees of e-commerce giant Alibaba Group who are free to sell their shares for the first time since its IPO, as the country tightens up its leaky mechanisms for tax collection. On Wednesday, a six-month lock-up period for the recently New York-listed stock expired, allowing insiders who bought 437 million shares prior to the IPO to sell their stock, though 100 million of them are subject to trading restrictions that apply to employees until the company reports results in May

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