LVMH’s Sephora picks JD.com for China online store, says fakes a concern

Global beauty retailer Sephora, part of French luxury goods group LVMH Moet Hennessy Louis Vuitton SE, launched its first online store in China on shopping platform JD.com Inc, the latest global firm to tap into China’s booming e-commerce market. The cosmetics chain, which has 174 physical stores in mainland China, said on Wednesday it had chosen JD.com partly due to its focus on fighting counterfeit goods, an issue that has plagued China’s online retail market including sector leader Alibaba Group Holding Ltd

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Facebook’s Seattle site leader leaves company

By Bill Rigby SEATTLE (Reuters) – The leader of Facebook Inc's fast-growing Seattle office left the company last month, a spokeswoman for the online social network told Reuters on Wednesday, a crucial personnel change at Facebook's largest engineering office outside of its Silicon Valley headquarters. Engineering manager Paul Carduner, who took over leadership of the Seattle office about six months ago, was in charge of more than 600 people.

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Zynga reports higher-than-expected bookings, to cut jobs

By Devika Krishna Kumar (Reuters) – “Farmville” creator Zynga Inc reported higher-than-expected bookings as titles such as “Words With Friends” attracted more gamers, and the company announced the elimination of another 364 jobs as it tries to turn around its business.

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‘Team Juncker’ ham for cameras to push EU digital market

By Alastair Macdonald BRUSSELS (Reuters) – Can a bunch of graying politicians in Brussels really get with it and give Europe a revolutionary open market in digital technology? Jean-Claude Juncker and other EU executives poked fun at their own generation in an online video posted on Twitter on Wednesday to try and convince younger Europeans that they can.

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EU aims to cut sales tax on online newspapers: Juncker

The EU executive will propose cutting the bloc’s sales tax on online newspapers, European Commission President Jean-Claude Juncker said on Wednesday, in a move that would bring them into line with print media. Addressing Germany’s newspaper publishers federation BDZV in Brussels, Juncker said the Commission would put forward draft legislation in the first half of next year to extend national governments’ right to set reduced rates of value-added tax (VAT) on newspapers to their digital versions

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Factbox: EU charges Google in Internet search antitrust case – what next?

By Julia Fioretti BRUSSELS (Reuters) – The European Commission charged Google Inc on Wednesday with cheating competitors by distorting Internet search results to favor its own shopping service, and opened a separate investigation into its Android mobile operating system. When the investigation was opened in November 2010, then Competition Commissioner Joaquin Almunia set out four concerns. The first, to which Wednesday’s statement of objections relates, concerns the way in which Google allegedly positions its Google Shopping service above rivals’ services, irrespective of its merits

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Highlights: EU charges Google over shopping searches, to probe Android

The European Union accused Google Inc on Wednesday of cheating competitors by distorting Internet search results in favor of its Google Shopping service and also launched an antitrust probe into its Android mobile operating system. “Today’s statement of objections on comparison shopping is of course limited.

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French broadcaster TV5Monde hacked: Yahoo News

(Reuters) – French television network TV5Monde was hacked late on Wednesday by individuals claiming they support Islamic State, Yahoo News reported, citing a report by Agence France-Presse (AFP). The network was not able to broadcast from any of its channels and its social media sites and websites were “displaying claims of responsibility by Islamic State,” TV5Monde’s Director General Yves Bigot told AFP, according to the Yahoo report.

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PayPal to pay $7.7 mln in U.S. Treasury sanctions case

PayPal, the electronic payments firm, agreed to pay $7.7 million to settle charges by the U.S. Treasury Department that it violated numerous sanctions programs against countries that include Iran, Cuba and Sudan, Treasury said on Wednesday. PayPal, owned by EBay Inc , did not adequately screen its transactions for U.S

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