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Facebook shares set to reach record high as market likes earnings

(Reuters) – Shares of Facebook Inc were set to open at a record high on Thursday after a surge in mobile advertising revenue helped the world’s No. 1 social network trounce analysts’ expectations for quarterly profit and revenue. The company’s shares were set to open around 9 percent higher after…

9/11 commission authors: US unprepared for new cyber-security threats

The United States has failed to sufficiently adapt to new cyber-security threats, exposing itself to potential terror strikes as devastating as September 11, authors of the report on the 2001 attacks warned Wednesday. In July 2004, the independent 9/11 commission issued a comprehensive, nearly 600-page report with numerous recommendations for…

Vladimir Putin signs law requiring mass storage of Russians’ personal Internet data

President Vladimir Putin on Tuesday signed a law requiring Internet companies to store all personal data of Russian users at data centres in Russia, a move which could chill criticism on foreign social networking sites like Facebook and Twitter. These companies, which do not have offices in Russia, have become…

US Air Force to launch new spy satellites to keep an eye on what other nations are doing in space

The US Air Force will launch new satellites Wednesday to track those of other countries and counter possible threats to American spacecraft, officials said. Two satellites are due to be sent into high-altitude orbits for the first time as part of a program that until a few months ago was…

With sales sputtering, Apple’s iPad looks to IBM alliance

Apple Inc’s iPad is losing steam just four years after its release, but an alliance with International Business Machines Corp could rejuvenate a flagging product by entering into a largely untapped corporate market. Apple shipped 13.2 million iPads in the June quarter, 8 percent fewer than a year earlier and…

Sony invests in front-facing camera sensors to make ‘selfies’ look better

Sony Corp said on Thursday it would invest 35 billion yen ($345 million) to increase production of image sensors for smartphones and tablets, as the company courts handset makers to get more orders for front-facing camera sensors, used to take selfies. The Japanese firm said it will increase production of…

China insists it loves peace as army shows off robots that dance to Shakira

To the sound of Shakira’s Waka Waka (This Time for Africa) robots demonstrated their dance steps, screaming recruits drilled with bayonets and tanks rolled as China’s military offered a rare moment of openness Tuesday. The exposition, held at the Armoured Forces Engineering Academy in Beijing, was touted by senior People’s…

Judge: Google must face U.S. privacy lawsuit over commingled user data

By Jonathan Stempel (Reuters) – A federal judge rejected Google Inc’s bid to dismiss a privacy lawsuit claiming it commingled user data across different products and disclosed that data to advertisers without permission. Saying his decision was a close call, U.S. District Judge Paul Grewal in San Jose, California, ruled…

‘Fake’ Twitter users attacking Tibet and Dalai Lama are Chinese propagandists: rights group

Beijing has created at least 100 fake Twitter accounts to spread propaganda about Tibet and other Chinese concerns, a campaign group said. The social networking site is blocked within China, but Free Tibet said it had identified around 100 accounts — many of them bearing Western names, usually a combination…

Federal prosecutors unseal indictments against members of smartphone ‘piracy groups’

San Francisco (AFP) – US prosecutors on Monday unsealed indictments against six people suspected of collectively pirating millions of applications tailored for Android-powered mobile devices. Criminal charges were leveled at leading members of “piracy groups” SnappzMarket, Appbucket, and Applanet, according to the US Department of Justice. “Copyright infringement discourages smart…

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