Steve Ballmer takes 4 percent stake in Twitter, owns more than CEO

Former Microsoft Corp Chief Executive Steve Ballmer has taken a 4 percent stake in Twitter Inc , according to his spokesman, making him the third-biggest individual shareholder in the social media company. Ballmer's stake is worth more than $800 million based on Twitter's $21 billion market value

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EU privacy regulators give EU, U.S. three months to find new data pact

By Julia Fioretti LONDON (Reuters) – Companies could face action from European privacy regulators if the European Commission and United States do not come up with a new system enabling them to shuffle data across the Atlantic in three months, the regulators said on Friday. The highest EU court last week struck down a system known as Safe Harbour used by over 4,000 firms to transfer personal data to the United States, leaving companies without alternatives scrambling to put new legal measures in place to ensure everyday business could continue

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Google book-scanning project legal, says U.S. appeals court

By Joseph Ax NEW YORK (Reuters) – A U.S. appeals court ruled on Friday that Google's massive effort to scan millions of books for an online library does not violate copyright law, rejecting claims from a group of authors that the project illegally deprives them of revenue

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Kardashians pause social media postings as Odom fights for life

(Reuters) – The Kardashian family on Friday paused social media postings across their commercial sites while ex basketball star Lamar Odom – Khloe Kardashian's estranged husband – fights for his life in a Las Vegas hospital. Khloe, sister Kim and half-sister Kylie Jenner said they had stopped publishing content to their various popular mobile apps and their official websites. “As a family, we've decided to hold off on publishing content across our apps while we continue to support and pray for Lamar,” read a statement on a black background posted on all of their sites

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