With CEO shakeup, Twitter under pressure to please advertisers

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Twitter Inc's next chief executive officer faces a crucial challenge as the company seeks to appease Wall Street after last week's management shakeup – helping disaffected advertisers connect with users. Twitter's outgoing chief executive, Dick Costolo, resigned abruptly Thursday amid pressure from investors to increase the user base and improve what's known as direct response advertising, the most lucrative type on the microblogging site. Before joining Twitter in 2010, Bain served as president of the Fox Audience Network where he was responsible for monetizing advertising platforms across News Corp's web properties.

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Oculus debuts consumer version of VR headset, partners with Xbox

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Oculus, the virtual reality company owned by Facebook Inc, debuted the much anticipated consumer version of its headset on Thursday and announced a partnership with Microsoft Corp's Xbox One gaming console. A prototype of the Oculus Rift has been available to developers since 2013, but Thursday marked the first time anyone had seen the consumer version, which will be available for pre-order later this year and will start shipping in early 2016

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Obama administration asks U.S. top court to decline Google copyright appeal

By Lawrence Hurley and Dan Levine WASHINGTON/SAN FRANCISCO (Reuters) – The Obama administration on Tuesday sided against Google Inc and said the U.S. Supreme Court should not hear the company's appeal in a case against Oracle Corp with wide implications for the technology industry, according to a court filing. The case involves how much copyright protection should extend to the Java programing language.

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U.S. Homeland Security to set up cyber security office in Silicon Valley

By Bill Rigby SAN FRANCISCO (Reuters) – The U.S. Department of Homeland Security is in the final stages of planning to set up a satellite office in California's Silicon Valley, aiming to build relationships with the technology industry and scout for talent there, the department's secretary said on Tuesday

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EU Google probe encourages investors in Russia competitor Yandex

By Ryan Vlastelica NEW YORK (Reuters) – The European Union's antitrust probe into Google sparked a big rally in Russian search engine Yandex NV last week, even though the “Russian Google” still faces significant challenges, competitive and otherwise. Yandex has amassed a $6.54 billion market capitalization, mainly by selling advertising against the web browser used on 64 percent of Russian desktop computers. With Russian stocks recovering and the EU looking into whether Google has an unfair competitive advantage, some investors hope Yandex can win more screen space and advertising revenue

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Israeli military networks breached by hackers: researchers

By Joseph Menn SAN FRANCISCO (Reuters) – Hackers have managed to penetrate computer networks associated with the Israeli military in an espionage campaign that skillfully packages existing attack software with trick emails, according to security researchers at Blue Coat Systems Inc. The four-month-old effort, most likely by Arabic-speaking programmers, shows how the Middle East continues to be a hotbed for cyber espionage and how widely the ability to carry off such attacks has spread, the researchers said. Waylon Grange, a researcher with the Blue Coat [PRJCBB.UL] who discovered the campaign, said the vast majority of the hackers' software was cobbled together from widely available tools, such as the remote-access Trojan called Poison Ivy.

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