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Nokia profits rise after sale of handset division

Jul 24, 2014

By JARI TANNER, Associated Press

HELSINKI (AP) — Telecommunications and wireless equipment maker Nokia Corp. saw its shares surge on Thursday after it reported higher profits and an improved earnings outlook in the wake of its sale to Microsoft of its troubled handset division.

The Finnish company ...

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Texas governor's startup fund is not all it seems

Jul 24, 2014

By PAUL J. WEBER, Associated Press

AUSTIN, Texas (AP) — Texas Gov. Rick Perry has distributed $205 million in taxpayer money to scores of technology startups using a pet program designed to bring high-paying jobs and innovation to the nation's second most-populous state.

But a closer look at the ...

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Facebook 2Q earnings, revenue soar

Jul 23, 2014

By The Associated Press

MENLO PARK, Calif. (AP) — Facebook is on a roll. The world's largest online social network posted sharply higher earnings on Wednesday as revenue from mobile advertising continued to grow, and more people used it, more often.

The company's shares climbed nearly 4 percent in ...

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Twitter admits to diversity problem in workforce

Jul 23, 2014

SAN FRANCISCO (AP) — Twitter is acknowledging that it has been hiring too many white and Asian men to fill high-paying technology jobs, just like several other major companies in Silicon Valley.

The lack of diversity in Twitter's workforce of roughly 3,000 people was spelled out in data released ...

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Social Security spent $300M on 'IT boondoggle'

Jul 23, 2014

WASHINGTON (AP) — Six years ago the Social Security Administration embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims. Nearly $300 million later, the new system is nowhere near ready and agency officials are struggling to salvage ...

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Awarded a Pell Grant? Better double-check

Jul 23, 2014

WASHINGTON (AP) — Potentially tens of thousands of students awarded a Pell Grant or other need-based federal aid for the coming school year could find it taken away because of a mistake in filling out the form.

The mistake primarily stems from an online form change to the Free Application for ...

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NYC official: Thieves got into 1K StubHub accounts

Jul 23, 2014

By JENNIFER PELTZ, Associated Press

NEW YORK (AP) — The Manhattan district attorney says six people have been indicted in an international ring that managed to take over more than 1,000 StubHub users' accounts and fraudulently buy tickets to such prime events as Jay-Z and Elton John concerts, a New ...

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4-day Comic Con festival kicks off in San Diego

Jul 23, 2014

SAN DIEGO (AP) — Like Batman responding to a beaming Bat signal in the sky, pop-culture fans are streaming to San Diego for the 45th annual Comic-Con pop culture extravaganza.

The four-day festival celebrating film, TV, video games, comic books, costumes and other popular arts kicks off with a ...

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Ultra high definition TVs boost LG Display profit

Jul 23, 2014

By YOUKYUNG LEE, AP Technology Writer

SEOUL, South Korea (AP) — LG Display Co. said profit for the April-June quarter more than doubled as a stronger won reduced the value of its foreign debt and the World Cup boosted demand for ultra-high-definition TVs.

The South Korean display panel maker said ...

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Microsoft CEO sees 'bold' plan as 4Q tops Street

Jul 22, 2014

REDMOND, Wash. (AP) — Microsoft Corp. CEO Satya Nadella painted an upbeat vision of the future Tuesday, saying that the next version of Windows will be unified across screens of all sizes and that two money-losing units — Nokia phones and Bing search — would become profitable in 2016.

The agenda,

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Apple post biggest earnings gain in nearly 2 years

Jul 22, 2014

SAN FRANCISCO (AP) — Apple's growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen.

The latest evidence of Apple's mounting momentum emerged Tuesday with the release of the ...

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Oops! EPA goes off topic, tweets about Kardashian

Jul 22, 2014

WASHINGTON (AP) — The Environmental Protection Agency's fight to clean up water pollution got a splash of pop culture Tuesday, thanks to an Internet flub involving reality TV star Kim Kardashian.

The verified Twitter account for the EPA's Office of Water mistakenly published a message Monday night ...

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Comcast 2Q earnings top views on Internet hookups

Jul 22, 2014

PHILADELPHIA (AP) — Comcast's second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace and video subscriber losses moderated.

The nation's largest cable provider topped Wall Street estimates and shares edged up in afternoon trading.

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Yahoo buying app and analytics company Flurry

Jul 21, 2014

NEW YORK (AP) — Yahoo says it will buy Flurry Inc., which helps other companies make apps and design mobile ad campaigns.

Yahoo did not disclose how much it will pay for the San Francisco company, which also helps companies analyze the effectiveness of their advertising.

Flurry says its analytics ...

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Verizon launches rewards program with tracking

Jul 21, 2014

By PETER SVENSSON, AP Technology Writer

NEW YORK (AP) — Verizon Wireless is launching a nationwide loyalty program this week for its 100-million-plus subscribers. There's a twist, though: To earn points for every dollar spent, subscribers must consent to have their movements tracked so the company ...

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Amazon rolls out 'Netflix-for-books' style service

Jul 18, 2014

By MAE ANDERSON, AP Business Writer

NEW YORK (AP) — Amazon is rolling out a new subscription service that will allow unlimited access to thousands of electronic books and audiobooks for $9.99 a month in the online giant's latest effort to attract more users.

The largest U.S. e-commerce site said ...

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CEO Whitman takes chairman post at Hewlett-Packard

Jul 17, 2014

PALO ALTO, Calif. (AP) — Hewlett-Packard CEO Meg Whitman is assuming the title of chairman after the departure of interim chairman, Ralph Whitworth, who resigned to deal with health issues.

HP has split the roles of chairman and CEO since Mark Hurd resigned as CEO in 2010. The company has faced ...

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Longtime Apple director steps down from board

Jul 17, 2014

CUPERTINO, Calif. (AP) — One of the most trusted advisers to late Apple CEO Steve Jobs is retiring from the iPhone maker's board of directors.

Bill Campbell's departure after 17 years on Apple Inc.'s board cleared the way for the company to appoint Susan Wagner, a founding partner of money manager ...

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Google's 2Q revenue gains eclipse earnings miss

Jul 17, 2014

By MICHAEL LIEDTKE, AP Technology Writer

SAN FRANCISCO (AP) — Google's earnings rose modestly in the second quarter as the Internet company's expensive ambitions devoured most of a surprisingly strong gain in revenue.

The report released Thursday also showed that Google's advertising prices are still ...

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Facebook tests 'Buy' button

Jul 17, 2014

By MAE ANDERSON, AP Retail Writer

NEW YORK (AP) — Facebook is testing a "Buy" button in its latest effort to help businesses boost their sales through the world's biggest online social network.

The company said in a statement Thursday that the button will let people buy products directly from ...

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