10 most annoying Facebook users

People pose with mobile devices in front of projection of Facebook logo in this picture illustration taken in ZenicaWho is the most tiresome of them all? The relentless liker.



Facebook spending gets thumbs up from analysts - if not investors

People pose with mobile devices in front of projection of Facebook logo in this picture illustration taken in ZenicaBy Tenzin Pema and Supantha Mukherjee (Reuters) - Another day, another quarterly report from a technology company that disappointed investors. Facebook Inc's shares fell as much as 7.4 percent to $74.78 in early trading on Wednesday, a day after the company revealed aggressive spending plans for 2015. But analysts were taking a more upbeat view, saying the heavy spending will drive long-term growth and reinforce the social networking giant's market dominance. ...



Around 100,000 Hungarians rally for democracy as internet tax hits nerve

People hold up their mobile phones as they protest against a new tax on Internet data transfers in the centre of BudapestBy Marton Dunai BUDAPEST (Reuters) - (This Oct. 28 story corrects the first date in quote in eighth paragraph) About 100,000 Hungarians rallied on Tuesday night to protest at a planned tax on data traffic and the broader course of Prime Minister Viktor Orban's government they saw as undermining democracy and relations with European Union peers. It was by far the largest protest since his center-right government took power in 2010 and pursued moves to redefine many walks of life, drawing accusations of creeping authoritarianism, although it was re-elected by a landslide this year. ...



Cyber breaches put 18.5 million Californians' data at risk in 2013: report

Attorney General Harris speaks at the 2014 California Democrats State Convention at the Los Angeles Convention Center in Los AngelesBy Steve Gorman LOS ANGELES (Reuters) - Cyber intrusions and other data breaches put the personal records of 18.5 million Californians, nearly half the state's population, at risk in 2013, a seven-fold increase over the year before, the state attorney general reported on Tuesday. The number of data breaches reported by companies and government entities increased 28 percent, from 131 in 2012 to 167 last year, more than half of them, or 53 percent, caused by cyber incursions such as computer hacking and malware, the report said. ...



Magyar Telekom flags austerity if Internet tax passes
BUDAPEST (Reuters) - Hungary's market-leading telecommunications firm Magyar Telekom may be forced to cut back investments or review its staffing if a planned new Internet tax takes effect, Chief Executive Chris Mattheisen was quoted as saying on Tuesday. He told the business portal portfolio.hu that the tax burden in Hungary was limiting the Deutsche Telekom unit's profitability and its shares' dividend potential, a big factor in their attractiveness. The center-right government of Prime Minister Viktor Orban has followed years of sectoral surtaxes with a new plan to tax data transfers. ...

Facebook warns of increased spending, shares fall

The sun rises behind the entrance sign to Facebook headquarters in Menlo Park before the company's IPO launch,By Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook Inc warned on Tuesday of a dramatic increase in spending in 2015 and projected a slowdown in revenue growth this quarter, slicing a tenth off its market value. The hefty spending plans exposed the first signs of stress in the rock-solid support that investors have accorded the social networking company over the past year. ...



Digital bank Atom seeks $32 million ahead 2015 launch: Sky News
(Reuters) - New British banking venture Atom is tapping investors to raise about 20 million pounds ($32.27 million) ahead of its planned launch next year, the Sky News reported late Tuesday. Atom, which plans to offer its services online and have no physical branches, is expected to raise the current round of funding from existing and new shareholders, the website said. Few of the prominent bankers have agreed to contribute to Atom's new fundraising, which would value the company up to 30 million pounds, Sky News said. ...

Canada's RBC withdrew from Alibaba IPO after employee's inadvertent comment

A Royal Bank of Canada (RBC) sign is seen in downtown TorontoTORONTO (Reuters) - Royal Bank of Canada said on Tuesday it pulled out of and forfeited fees in the Alibaba initial public offering, after an employee commented on the deal during the quiet period before the world's largest IPO. "An employee unrelated to the Alibaba IPO process inadvertently made a comment about the transaction on an industry webinar during the period leading up to the offering," the bank said in an emailed statement on Tuesday. ...



Taco Bell, fast-food rivals push toward mobile ordering

A Taco Bell logo is seen outside one of its restaurant in Vienna, VirginiaLOS ANGELES (Reuters) - Taco Bell on Tuesday debuted its mobile app that allows customers to place an order, customize their food, access special offers and pay from their phones. The move from the chain owned by Yum Brands Inc comes as restaurants, including McDonald's Corp and, seek to use mobile technology to ring up more sales and speed up service. "We believe mobile ordering and payment is the biggest innovation since the drive-thru," Taco Bell President Brian Niccol said in a statement. ...



Judge dismisses Noriega case against Activision over videogame
By Andrew Chung (Reuters) - A U.S. judge has dismissed former Panamanian dictator Manuel Noriega's lawsuit against Activision Blizzard Inc over his depiction in the popular videogame "Call of Duty: Black Ops II." Judge William Fahey of Los Angeles Superior Court granted Activision's special motion to strike the case, under a California statute that seeks to prevent lawsuits stifling free speech. Monday's ruling was made public on Tuesday. ...

U.S. officials urge more govt-business cooperation on cybersecurity

A lock icon, signifying an encrypted Internet connection, is seen on an Internet Explorer browser in ParisBy Aruna Viswanatha WASHINGTON (Reuters) - U.S. officials on Tuesday urged corporate America to work with the government to fend off cyber threats and said intelligence and law enforcement authorities are working to get useful information to companies about potential attacks. The FBI has presented more than three dozen classified, sector-specific threat briefings to companies in the past year, John Carlin, head of the Justice Department's National Security Division, said at a conference hosted by the U.S. Chamber of Commerce. ...



Snapdeal founder eyes Alibaba playbook with funding deal
By Nivedita Bhattacharjee MUMBAI (Reuters) - Kunal Bahl, co-founder of Indian online marketplace Snapdeal, has come a long way from his days as a business school student selling detergent in U.S. supermarkets. After final negotiations over a sushi breakfast earlier this month, Snapdeal on Tuesday unveiled a $627 million investment from Japan's SoftBank, one of the high-profile early backers -- and now major shareholder -- in China's Alibaba. The deal marks the largest single investment in an Indian e-commerce firm to date. ...

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