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Yahoo - Technology (Internet)
Jan 30, 2015 06:34PM

http://news.yahoo.com/internet/

Jan 30, 2015 06:34PM

Alibaba meets with China regulator, controversial report retracted

Ma, Founder and Executive Chairman of Alibaba Group, gestures during the session 'An Insight, An Idea with Jack Ma' in the Swiss mountain resort of Davos(Reuters) - The head of China's commerce regulator met with Alibaba Group Holding Ltd chairman Jack Ma on Friday to discuss combating fake products, the official Xinhua news agency reported, with the two adopting a conciliatory tone after a row over illegal business on the Internet company's platforms. The meeting took place the same day the regulator, the State Administration for Industry and Commerce (SAIC), backtracked on an earlier report that had excoriated the Chinese online commerce company for not doing enough to suppress counterfeiting on its websites. SAIC issued what it called a "white paper" on Wednesday saying many products sold on Alibaba's websites infringed on trademarks, or were banned, substandard or fake. "The most recent SAIC posting speaks for itself.


Jan 30, 2015 04:53PM

Factbox: Canada security bill's main provisions

The Canadian government introduced legislation on Friday to counter terrorism in response to attacks in Canada, France and Australia by Islamist militants since last October. The following are the main provisions: CANADIAN SECURITY INTELLIGENCE SERVICE - CSIS would have powers to disrupt threats to the security of Canada at home and abroad, not just collect intelligence. PROMOTION OF TERRORISM - It would make it a crime to call for attacks on Canada in general.

Jan 30, 2015 04:49PM

Hedge funds lose court bid over Ancestry.com deal price

By Tom Hals Wilmington, Del. (Reuters) - Hedge funds lost a court bid to get extra cash for their shares of online family research site Ancestry.com Inc, in a ruling involving an increasingly popular hedge fund strategy. A Delaware judge ruled on Friday that a private equity firm paid a fair value of $32 per share in 2012 to acquire Ancestry.com and rejected hedge fund claims the price should have been as high as $47 per share. Ancestry.com was sold to European private equity firm Permira Advisers. The private equity firm paid 40 percent above the market price for the stock, according to the 56-page opinion from Sam Glasscock, a judge on Delaware's Court of Chancery.

Jan 30, 2015 01:46PM

Canada security bill provides new powers to combat terror

Canadian Prime Minister Stephen Harper speaks at a news conference in Richmond HillBy Andrea Hopkins RICHMOND HILL, Ontario (Reuters) - New anti-terror legislation in Canada would make it a crime to call for attacks on the country and give a much larger role to the government's main spy agency. The bill introduced by the Conservative government on Friday would give the spy agency, the Canadian Security Intelligence Service, the ability to disrupt attacks by interfering with travel plans or communications, for example. The bill, whose passage is assured because the Conservatives have a majority in Parliament, would also make it easier for police to make preventive arrests. "Jihadi terrorism as it is evolving is one of the most dangerous enemies our world has ever faced," Prime Minister Stephen Harper, who faces a general election in October, said at a news conference.


Jan 30, 2015 12:27PM

Dating site Topface says paid hacker to not sell stolen data

By Jim Finkle BOSTON (Reuters) - Topface, one of the world's largest dating websites, said it has paid a hacker an undisclosed sum to stop trying to sell about 20 million email addresses stolen from the Russian company. Topface Chief Executive Dmitry Filatov said the company located the hacker, who had published ads to sell the data but had not actually sold them. "Wehave paid him anaward for finding avulnerability and agreed on further cooperation inthe field ofdata security," Filatov said in an email on Friday, declining to disclose the size of the reward.

Copyright (c) 2015 Yahoo! Inc. All rights reserved



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