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Netflix loses 810,000 U.S. subscribers

NEW YORK — Netflix shares plunged in after-hours trading Monday after the US video service said it lost more US subscribers in the third quarter. Netflix, which has seen a spate of management bungles in recent months, said it had 23.8 million subscribers in the United States at the end…

Google, PE firms mull bid for Yahoo: report

(Reuters) - Google Inc has spoken to at least two private equity firms about possibly helping them finance a deal to buy Yahoo Inc’s core business, The Wall Street Journal reported on Saturday, citing a person familiar with the matter. Google and prospective partners have held preliminary discussions but have not come up with a formal proposal, and…

Jobs abrasive style drove some people away: biographer

(Reuters) – Apple Inc co-founder Steve Jobs revolutionized multiple industries with his cutting-edge products but he was not the world’s best manager, biographer Walter Isaacson said. Jobs changed the course of personal computing during two stints atApple and then brought a revolution to the mobile market but the inspiring genius is known for his hard…

Google, PE firms mull bid for Yahoo: report

(Reuters) – Google Inc has spoken to at least two private equity firms about possibly helping them finance a deal to buy Yahoo Inc’s core business, The Wall Street Journal reported on Saturday, citing a person familiar with the matter. Google and prospective partners have held preliminary discussions but have…

Egyptian jailed for Facebook Islam insult

An Egyptian court sentenced a man to three years in jail with hard labour on Saturday for insulting Islam in postings on Facebook, the official MENA news agency reported. The Cairo court found that Ayman Yusef Mansur “intentionally insulted the dignity of the Islamic religion and attacked it with insults…

Anonymous targets law enforcement in latest data leak

After a brief respite from exposing the personal information of its targets, the Anonymous hacking collective on Friday posted documents that appear to contain the personal information of police officers in Massachusetts and Alabama. The group said it leaked the stolen data, which included the names, addresses, ranks, phone numbers…

Security firm warns of new Stuxnet-like virus

WASHINGTON — US security firm Symantec has warned of a new computer virus similar to the malicious Stuxnet worm believed to have preyed on Iran’s nuclear program. Symantec said Tuesday that the new virus, dubbed “Duqu” because it creates files with the file name prefix “DQ,” is similar to Stuxnet…

Apple celebrates life of Steve Jobs

SAN FRANCISCO — Steve Jobs was honored online and off Wednesday as tributes poured into a memorial website set up by Apple for its late co-founder and shops closed temporarily as workers celebrated his life. Doors were locked and curtains drawn at Apple Stores to allow retail store employees to…

eBay profit rises as shoppers turn to smartphones

SAN FRANCISCO — Online auction and financial transactions powerhouse eBay said Wednesday that profit in the recently ended quarter climbed as commerce shifts to smartphones and tablet computers. The Silicon Valley company reported that its net income in the quarter ending September 30 rose to $490.5 million as revenue leapt…

Samsung chief stresses ‘fair’ competition with Apple

Samsung Electronics will maintain its components partnership with US rival Apple, a top executive of the South Korean firm said Wednesday, despite their heated legal battles over patents. Samsung’s chief operating officer Lee Jae-Yong said he met Apple’s chief Tim Cook during a memorial service for Apple co-founderSteve Jobs, who died on October 5 after a…

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