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Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion

SHANGHAI/NEW YORK (Reuters) – Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce chief closer to a public... 

UK surveillance program could expose private lives

British officials have given their word: “We won’t read your emails.”  Read More →

New lawsuit takes aim at Facebook privacy

A new lawsuit consolidating numerous complaints about Facebook’s privacy policies was filed Friday in California, seeking hurts for US users of the social network for improper tracking.  Read More →

Reports: HP poised to eliminate up to 30,000 jobs

Hewlett-Packard is poised to eliminate as many as 30,000 jobs to compensate for dwindling demand for personal computers as more people connect to the Internet on smartphones and tablets, according to intelligence published Thursday.  Read More →

Ultra-Orthodox plan huge NYC meeting on Net risks

Ultra-Orthodox Jews who believe that the Internet threatens their way of life have rented the New York Mets’ stadium for an unprecedented gathering on how to use modern technology in... 
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