Uber to invest $500 million in global mapping project: FT

NEW YORK (Reuters) – Ride-hailing service Uber [UBER.UL] has decided to invest $500 million into an ambitious global mapping project to wean itself off dependence on Google Maps and pave the way for driverless cars, the Financial Times reported on Sunday. The San Francisco-based company is ramping up spending in new technologies such as mapping and driverless cars following new investments into the company earlier this year. A representative for Uber could not immediately be reached for comment. (Reporting by Catherine Ngai; Editing by Marguerita Choy)

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Uber to invest $500 million in global mapping project: FT

Exclusive: Clinton campaign also hacked in attacks on Democrats

By Mark Hosenball, Joseph Menn and John Walcott WASHINGTON/SAN FRANCISCO (Reuters) – A computer network used by Democratic presidential nominee Hillary Clinton’s campaign was hacked as part of a broad cyber attack on Democratic political organizations, people familiar with the matter told Reuters. The latest attack, which was disclosed to Reuters on Friday, follows two other hacks on the Democratic National Committee, or DNC, and the party’s fundraising committee for candidates for the U.S. House of Representatives. A Clinton campaign spokesman said in a statement late on Friday that an analytics data program maintained by the DNC and used by the campaign and a number of other entities “was accessed as part of the DNC hack.” “Our campaign computer system has been under review by outside cyber security experts.

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Exclusive: Clinton campaign also hacked in attacks on Democrats

Russia has motive, capability and form for U.S. email hack

By Andrew Osborn MOSCOW (Reuters) – The Kremlin says it had zero involvement in the hacking of Democratic Party emails while U.S. officials say the hack originated in Russia. Seen through Kremlin eyes, Moscow would only be doing what it feels the United States has been doing to it for years anyway – interfering in a geopolitical rival's domestic politics in an attempt to destabilize and shape events. President Vladimir Putin said in February he had seen specific intelligence suggesting Russia's foreign enemies – code for Washington – were preparing to meddle in Russian parliamentary elections later this year.

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Russia has motive, capability and form for U.S. email hack

Alphabet and Amazon wind up stellar quarter for big tech

Google parent Alphabet Inc and e-commerce giant Amazon.com Inc capped a blockbuster June quarter for the five biggest U.S. tech companies as their dominance in key markets helped them defy the “law of large numbers”. Apple Inc, Microsoft Corp and Facebook Inc, as well as Alphabet and Amazon, all blew past Wall Street expectations for both profit and revenue.

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Alphabet and Amazon wind up stellar quarter for big tech

Amazon tops Wall Street targets, lifted by cloud revenue

Amazon.com Inc posted strong results across its older and newer businesses on Thursday as global Web retail sales and cloud services topped Wall Street targets and the world's largest online merchant forecast revenue would outpace expectations in the current quarter as well. The Seattle-based company is riding a wave of retail sales moving to the internet, and its Netflix-like video streaming is bringing new customers to its subscription Prime service, which in turn drives customers to spend more on Amazon. The cloud unit, Amazon Web Services, is the company's fastest-growing business and is regarded by analysts as the next driver of growth for the company.

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Amazon tops Wall Street targets, lifted by cloud revenue

Alphabet posts strong revenue on video market, stock surges

Alphabet Inc, Google's parent, posted a 21.3 percent increase in second-quarter revenue, exceeding analysts' expectations, as the tech giant continued to nudge its vast advertising business toward mobile and capitalized on the boom in video. The sharp revenue growth suggests that Google is successfully navigating the high-stakes transition from desktop to mobile advertising, said Colin Gillis, an analyst with BGC Partners. Advertisers typically pay less for user clicks on mobile ads than on desktop ads, Google's traditional strength, but the strong earnings performance suggest that is beginning to change, he said.

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Alphabet posts strong revenue on video market, stock surges

Apple CEO touts future technology amid iPhone worries

As iPhone sales declined for the second straight quarter, Apple CEO Tim Cook peeled back the curtain ever so slightly on its work in artificial intelligence and augmented reality, aiming to reassure investors that the company is ready to ride the next wave of technology. Raving about hit smartphone game Pokemon GO, Cook stressed that Apple is “high on [augmented reality] for the long-run” and investing heavily. Augmented reality, in which computer-generated content is overlaid on the real world, is one of the latest fixations in the technology business, with Pokemon GO among the first applications to catch on.

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Apple CEO touts future technology amid iPhone worries

Apple sells more iPhones than expected, shares jump after hours

Apple Inc sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts' targets, soothing fears that demand for the company's most important product had hit a wall. IPhone sales dropped for the second straight quarter, pushing down Apple's total revenue 14.6 percent in the fiscal third quarter, ended June 25. Demand for Apple's phones has waned in China, partly because of economic uncertainty there, and has also slowed in more mature markets as people tend to hold on to their phones for longer.

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Apple sells more iPhones than expected, shares jump after hours

U.S. judge faults Uber, bans background check in NY lawsuit

A federal judge on Monday banned Uber Technologies Inc and its Chief Executive Travis Kalanick from using information from a background check on a passenger bringing a price-fixing lawsuit, saying the investigative firm conducting the probe may have engaged in criminal conduct. U.S. District Judge Jed Rakoff in Manhattan also faulted the popular ride-sharing service for hiring the firm, Ergo, at all. Rakoff called it a “sad day” that Uber felt compelled to authorize what became an “intrusive and clandestine,” and ultimately unsuccessful, probe to unearth damaging information about the plaintiff Spencer Meyer and his lawyer.

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U.S. judge faults Uber, bans background check in NY lawsuit

Verizon to buy Yahoo’s core business for $4.83 billion

Verizon Communications Inc said on Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash to expand its digital advertising and media business, ending a lengthy sale process for the fading Web pioneer. The purchase will boost Verizon's AOL internet business, which it bought last year for $4.4 billion, as it gains access to Yahoo's ad technology tools, BrightRoll and Flurry, and search, mail and messenger assets. “Yahoo gives us scale that is what is most critical here, Marni Walden, who is head of product innovation and new business at Verizon told CNBC, adding that the company's audience will go from the millions to the billions.

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Verizon to buy Yahoo’s core business for $4.83 billion