Music streaming service Deezer plans Paris listing

By Leila Abboud PARIS (Reuters) – Music streaming service Deezer plans a flotation on the Paris stock exchange by the end of the year as it tries to keep up with larger, deeper-pocketed rivals such as Apple Inc and Sweden’s Spotify. Deezer, which analysts expect to achieve a stock market valuation of about 1 billion euros ($1 billion), and its rivals represent a shift in the music industry, away from buying and downloading tracks to listening online to songs stored remotely

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Man linked to JPMorgan hacking in talks to resolve U.S. case: filing

By Nate Raymond NEW YORK (Reuters) – A Florida man accused of running an unlicensed bitcoin exchange and who is among five defendants linked to last summer's massive data breach at JPMorgan Chase & Co is in talks to resolve his criminal case, according to court papers filed Friday. In a court filing in federal court in Manhattan, a prosecutor said Yuri Lebedev, one of two men charged with operating the bitcoin exchange service, was in discussions “regarding a possible disposition of this case.” The filing used language that is usually indicative of plea talks, though cases in some instances can be resolved with deferred prosecution agreements or with charges being dropped. Eun Young Choi, a prosecutor under Manhattan U.S

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Ashley Madison parent CEO quits after huge infidelity data hack

By Alastair Sharp TORONTO (Reuters) – The chief executive of infidelity website Ashley Madison's parent company Avid Life Media has left, just over a week after hackers leaked data about millions of its clients in a massive cyber assault. Avid Life said on Friday the departure of Noel Biderman was by “mutual agreement” and its existing senior management team would take over until a new CEO is appointed. On Aug.

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Angry Birds maker’s float seen less likely despite mobile games growth

By Liisa Tuhkanen LONDON (Reuters) – The often touted but regularly delayed stock-market listing of Rovio, creator of the hugely popular “Angry Birds” mobile game, could be even more distant after this week's warning of lower earnings and a planned cull of more than a third of its staff. While the mobile games market as a whole is thriving and looks set to grow to more than $35 billion in 2017, according to research firm Newzoo, Rovio's woes typify the difficulty established players have in changing with the times

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Russian parliament approves Internet privacy bill

Russia's parliament gave its final approval on Friday to a law that would require Internet search engines to remove users' personal information from their results. The bill, passed by the State Duma lower house in its third reading, seeks to emulate European Union rules on the “right to be forgotten”, under which search engines must take down certain results that appear under a search of a person's name.

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Orange in talks with buyers of fiber assets to get Jazztel deal approved

By Leila Abboud and Gwénaëlle Barzic PARIS (Reuters) – Orange has begun talks with several potential buyers for parts of Jazztel's fiber network, which it has agreed to sell to get regulatory approval for the takeover of the Spanish broadband company. Nicolas Laederich, an executive who handles regulatory affairs and competition issues for the French telecoms group, said the divestment would be paired with a promise to rent out capacity on the company's fixed network to whoever buys the fiber assets

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Texas gunman had happy childhood in Pakistan but struggled in U.S.

By Katharine Houreld ISLAMABAD (Reuters) – Nadir Soofi, a gunman shot dead after opening fire at a Texas exhibit of caricatures of the Prophet Mohammad, was a popular schoolboy in Pakistan but struggled to adjust to the United States after moving there as a teen, friends said on Tuesday. Soofi’s story appeared to trace a familiar arc for some Western Islamists – disappointment, alienation, and a search for belonging that ended with the embrace of militancy. Friends in Pakistan, who studied with Soofi at the elite International School of Islamabad, were stunned to discover that police had identified him as was one of the attackers.

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China says Indian prime minister to visit next week

Indian Prime Minister Narendra Modi will visit China next week, the Chinese Foreign Ministry said on Tuesday, his first trip to India's northern neighbor since being elected last year. Modi will be in China from May 14-16, the ministry said in a brief statement. China and India have growing commercial links and deep historical ties, but their recent history has been overshadowed by suspicion and the two have yet to sort out a festering border dispute.

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Exclusive: IBM looking at adopting bitcoin technology for major currencies

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the “blockchain,” to create a digital cash and payment system for major currencies, according to a person familiar with the matter. The blockchain – a ledger, or list, of all of a digital currency's transactions – is viewed as bitcoin's main technological innovation, allowing users to make payments anonymously, instantly, and without government regulation.

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