Alibaba’s Ma says Kering lawsuit ‘regrettable’

By Christine Kim SEOUL (Reuters) – The founder of Alibaba Group Holdings Ltd on Tuesday called “regrettable” a lawsuit by a group of luxury goods firms owned by Kering SA accusing the Chinese e-commerce giant of being a conduit for counterfeiters. Executive Chairman Jack Ma was speaking after Gucci, Yves Saint Laurent and other brands owned by Kering sued Alibaba in the United States on Friday, accusing it of knowingly making it possible for counterfeiters to sell their products throughout the world. Ma also said Alibaba was interested in investing in U.S

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Blocked online, Islamic State supporters launch CaliphateBook

Islamic State supporters, facing regular bans and blockages on Facebook and other social networks, have launched their own CaliphateBook to spread their militant message over the Internet. The site 5elafabook.com, which resembled Facebook but appeared unfinished, went live on Sunday then went offline again a day later and its linked Twitter account was shut down.

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CIA sought to hack Apple iPhones from earliest days: The Intercept

By Eric Auchard FRANKFURT (Reuters) – CIA researchers have worked for nearly a decade to break the security protecting Apple phones and tablets, investigative news site The Intercept reported on Tuesday, citing documents obtained from NSA whistleblower Edward Snowden. The report cites top-secret U.S.

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Twitter opens Hong Kong office, gains China foothold

By Gerry Shih BEIJING (Reuters) – Twitter Inc has opened a Hong Kong office, its first in the Greater China region, the company whose microblogging services are blocked on the mainland said on Tuesday. The office, to be headed by Twitter executive Peter Greenberger, will allow the San Francisco-based company to tap China for advertising revenue, the company said, even if Internet users on the mainland cannot see those ads.

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N.Y. man missing ahead of fraud trial over Facebook claim: lawyer

By Nate Raymond NEW YORK (Reuters) – An upstate New York man, who was set to face trial in May for attempting to defraud Facebook Inc and founder Mark Zuckerberg, is missing, his lawyer said on Monday. Paul Ceglia, 41, had been required to wear an electronic bracelet before his trial. Representatives for Bharara's office and the Marshals Service did not respond to requests for comment.

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Microsoft warns Windows PCs also vulnerable to ‘Freak’ attacks

By Jim Finkle BOSTON (Reuters) – Hundreds of millions of Windows PC users are vulnerable to attacks exploiting the recently uncovered “Freak” security vulnerability, which was initially believed to only threaten mobile devices and Mac computers, Microsoft Corp warned. News of the vulnerability surfaced on Tuesday when a group of nine security experts disclosed that ubiquitous Internet encryption technology could make devices running Apple Inc's iOS and Mac operating systems, along with Google Inc's Android browser vulnerable to cyber attacks

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Computing, telecoms industries set on collision course

By Eric Auchard and Leila Abboud BARCELONA (Reuters) – Telecom network gear makers are on a collision course with Silicon Valley computing giants as software and cloud computing have begun to change the way operators from AT&T to China Mobile run their networks. As networks move to relatively standard hardware, formerly entrenched equipment groups must increasingly compete for contracts with the likes of Cisco, Hewlett-Packard and VMware, as well as a slew of startups.

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LightSquared preps for tough trial on latest bankruptcy plan

By Nick Brown NEW YORK (Reuters) – LightSquared gained momentum this week in its effort to end its three-year bankruptcy after a judge dealt a blow to its main creditor and adversary, Charles Ergen, ahead of a week-long trial on its latest debt restructuring plan. LightSquared, the would-be wireless provider owned by Phil Falcone’s Harbinger Capital Partners hedge fund, on Monday will begin seeking U.S. Bankruptcy Court approval for a plan to exit Chapter 11, repay lenders and transfer some equity to Fortress Investment Group and Centerbridge Partners.

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Nickelodeon unveils paid streaming service for kids

(Reuters) – Viacom Inc’s Nickelodeon unveiled on Wednesday a paid streaming service for children called Noggin that will launch on March 5 for $5.99 a month. The mobile subscription service will be available for Apple Inc’s iPhone, iPad and iPod touch devices. Noggin serves as a complement to the Nick Jr

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