China foreign website malfunction drives home Internet woes

A man talks on the phone as he surfs the internet on his laptop at a local coffee shop in downtown ShanghaiBEIJING/SHANGHAI (Reuters) - Internet users in China were unable to use a number of popular foreign websites on Monday, the latest in a series of challenges businesses and individuals have faced going online in the world's second-largest economy. Social media users first reported on Sunday that they were being sent to software website and travel website when trying to access news websites like, news portal, and games website, among others. Reuters reporters in China also experienced similar issues. Experts said that although the redirection was occurring because of a change of the code in websites' buttons that link to Facebook Inc, they did not know why this was happening.

U.S. justices to weigh suit against people-search service Spokeo
By Lawrence Hurley WASHINGTON (Reuters) - The U.S. Supreme Court on Monday agreed to consider whether online people-search service Spokeo Inc should face a class action lawsuit for including incorrect information in its database. Thomas Robins filed suit in California on behalf of himself and others under the federal Fair Credit Reporting Act, which requires consumer reporting agencies to provide correct information. Spokeo, which says it is not a consumer reporting agency, is fighting to have the lawsuit thrown out. The legal issue before the Supreme Court is whether plaintiffs can sue for a technical violation of the federal law even when they cannot show they have been harmed economically by the inclusion of inaccurate information.

Canadian private equity and venture capital deals surge in first-quarter

A worker affixes a road sign to the intersection of Bay Street and Adelaide Street in the financial sector of TorontoBy Euan Rocha TORONTO (Reuters) - Acquisitions and financing deals led by private equity and venture capital firms surged in Canada in the first quarter, Thomson Reuters data showed, with many involving investment in software, information technology and natural resources. For Canadian private equity buyouts, it was the strongest ever first quarter on record. For venture capital, it was the strongest first quarter in several years. Announced and closed private equity deals totaled C$6 billion ($4.9 billion) in value in the three months to March 31, according to the data released on Monday.

Russian hackers read Obama's unclassified emails last year: NYT

Illustration file picture shows a man typing on a computer keyboard in WarsawRussian hackers who penetrated sensitive parts of the White House computer system last year read President Barack Obama's unclassified emails, the New York Times reported on Saturday, quoting U.S. officials. "There is no evidence that the president's email account itself was hacked, White House officials said. Still, the fact that some of Mr. Obama's communications were among those retrieved by hackers has been one of the most closely held findings of the inquiry," the paper said. The White House confirmed the breach earlier this month, saying it took place last year and that it did not affect classified information.

Grooveshark copyright violations 'willful,' judge says before trial
By Andrew Chung NEW YORK (Reuters) - Online music streaming service Grooveshark could potentially have to pay hundreds of millions of dollars to major record labels after a U.S. judge ruled ahead of its trial starting on Monday that Grooveshark's copyright violations on nearly 5,000 songs were "willful" and made "in bad faith." U.S. District Judge Thomas Griesa, who will preside over the trial in federal court in Manhattan, said in a court order on Thursday that because of Grooveshark's actions he will tell jurors they can choose to award the statutory maximum of $150,000 in damages per song. Last September, Griesa ruled that Escape and its founders, Samuel Tarantino and Joshua Greenberg, were liable for the illegal uploads of thousands of recordings by artists such as Madonna, Eminem, Bob Marley and Jay-Z. Griesa said the defendants had directed their employees to make the uploads in spite of the legal risk.

Infosys bets on new services to push sales to $20 billion by 2020

Employees walk along a corridor in the Infosys campus in BangaloreBy Aman Shah and Devidutta Tripathy MUMBAI (Reuters) - Infosys Ltd, India's second-largest software services exporter, on Friday posted quarterly net profit that lagged most analyst expectations, dampening hopes of a quick turnaround after top management changes. Bengaluru-based Infosys, once seen as the bellwether of India's $150 billion IT services industry, has in recent years struggled to innovate and retain market share due to a staff exodus that also impacted its ability to win lucrative deals. Infosys, however, said it was on track to revive growth and expected its revenue to rise to $20 billion by 2020 up from $8.7 billion now, as it focuses on acquisitions and wins more new technology services. Under Chief Executive Vishal Sikka, brought in last year to chart a new strategy, Infosys has been making bets on automation and other high-margin services like artificial intelligence to regain some ground lost to rivals including sector leader Tata Consultancy Services Ltd. "It's a long-drawn initiative ... it's not going to come in immediately, said Sarabjit Kour Nangra, vice president of IT research at Angel Broking.

India's Paytm adds mobile marketplace app for e-merchants
Paytm, an Indian online payments platform backed by China's Alibaba, is pushing deeper into India's booming e-commerce industry with a zero-commission mobile app marketplace targeted at small and medium-sized firms, the mainstay of the country's economy. "This is our move into mobile commerce," said Paytm Chief Executive Vijay Shekhar Sharma, adding the mobile app was designed to connect small businesses and consumers.

Former NSA head Alexander asks agency to review patents

Former National Security Agency Director Keith Alexander participates in a panel discussionBy Joseph Menn SAN FRANCISCO (Reuters) - Former National Security Agency Director Keith Alexander has asked the U.S. intelligence agency to review patent filings by his company to make sure that they do not reveal any secrets or misappropriate any government work. Alexander told Reuters he took the step to head off additional controversy about IronNet Cybersecurity, a startup he announced after leaving the NSA last year. "We think it's a good idea that the government review them," Alexander said in an interview ahead of an appearance at the RSA Conference on cyber security in San Francisco. Alexander said his company had already applied for some patents, which should eventually become public record.

House passes second 'threat-sharing' cybersecurity bill

A magnifying glass is held in front of a computer screen in this picture illustration taken in BerlinThe U.S. House of Representatives voted overwhelmingly on Thursday to pass a bill that extends liability protection for companies that share information about cyber attacks, if they give the data to the U.S. Department of Homeland Security. The House voted 355 to 63 in favor of the bill, a companion to a measure the chamber passed on Wednesday making it easier for private companies to share information about cybersecurity threats with each other and the government without fear of lawsuits. The legislation must still be passed by the Senate and signed by President Barack Obama to become law. The White House has said it had some concerns about the bill but supported its passage and believed it could be fixed as the legislation is finalized in Congress.

Amazon revenue beats, cloud computing more profitable than expected

A woman holds an Amazon Fresh delivery bag in Brooklyn, New YorkThe e-commerce company for the first time broke out financial details of its secretive cloud computing unit, Amazon Web Services, on Thursday, saying revenue jumped almost 50 percent to $1.57 billion, or about 7 percent of total revenue. The unit's operating income grew 8 percent to $265 million. Amazon shares rose $26.01 to $416 in extended trading, after closing slightly higher at $389.99 on Nasdaq. Chief Executive Jeff Bezos revealed in a statement that Amazon Web Services is a $5 billion business and its growth is accelerating.

Microsoft profit, revenue beats Wall Street view; shares up

A shadow of a man using his mobile phone is cast near Microsoft logo at the 2014 Computex exhibition in TaipeiMicrosoft Corp on Thursday reported revenue and profit above Wall Street expectations, as sales of its hardware and cloud-computing services helped to offset a decline in the company's core Windows business. "The Street will cheer these results as it appears Microsoft is back on the right track after a head-scratching performance last quarter." Sales of Windows to computer manufacturers to install on new PCs fell 19 percent in the quarter, reflecting a sharp dip from a year ago when Windows got a brief boost from consumers rushing to buy new machines after Microsoft stopped support for the 14-year-old XP operating system. Microsoft's overall revenue rose 6 percent to $21.7 billion, above Wall Street's average forecast of $21.1 billion, according to Thomson Reuters I/B/E/S. Taking out the effects of the strong U.S. dollar on currency rates, Microsoft said revenue would have risen 9 percent.

Google shares rise after online ad sales drive revenue higher

A neon Google logo is seen as employees work at the new Google office in Toronto in this file photoGoogle Inc reported higher quarterly revenue and profit as rising online ad volume offset a hit from the strong dollar, sending the Internet company's shares higher in after-hours trading. While revenue and profit missed the forecasts of Wall Street analysts, many investors had been bracing for a weaker report, said BGC Financial analyst Colin Gillis. The company has faced challenges in mobile advertising and is running up more expenses as it invests in new businesses. Analysts on average had expected revenue of $17.5 billion, according to Thomson Reuters I/B/E/S. The rising dollar took a toll on results at Google, which generates about half of its revenue overseas.

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