Facebook and Microsoft To Build Fiber Optic Cable Across Atlantic

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Facebook Inc. and Microsoft Corp. have teamed up to build a new fiber optic cable under the Atlantic Ocean, the latest evidence that the biggest U.S. tech companies are seeking more control over the Internet’s plumbing.

Oil Prices Poised to Hit Sweet Spot

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On Thursday oil prices rose above $50 a barrel, putting crude back within a range between $50 and $60 in which almost everybody benefits, economists and investors say.

Google Wins Java Copyright Case Against Oracle

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A federal jury ruled that Google’s use of Oracle Corp.’s Java software didn’t violate copyright law, the latest twist in a six-year legal battle between the two Silicon Valley titans.

Twitter Loses Two More Executives

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Twitter Inc. is losing two senior executives, departures that come as the social-media company continues to try to keep key talent on board.

Airbnb Seeks Big Boost From Rio Olympics

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Home-rental firm Airbnb is betting that its sponsorship of the Rio Olympics will cement its status as a mainstream lodging option in its fourth-largest market.

CEO Bonuses: How Pro Forma Results Boost Them

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Reported earnings faltered last year, but to help set bonus payments many companies relied on pro forma measures.

Gawker Looking at Potential Sale After Hulk Hogan Verdict

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Gawker Media has hired an investment banker to explore strategic options including a potential sale, as the company fights a costly legal battle with professional wrestler Hulk Hogan.

G-7 Leaders Differ on Risks to Global Growth

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Leaders of the Group of Seven leading industrialized nations talked Thursday about ways to stoke the global economy, but appeared to disagree on the risks to growth and exactly how to respond.

Communications Startup Twilio Files for IPO

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Communications start-up Twilio Inc. has filed to go public, betting on the strength of its cloud-based applications and the integration of communication services in everyday life.

Intel Buys Computer Vision Specialist Itseez

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Intel, moving to bolster its technology for use in cars and other new markets, is acquiring Russian company Itseez, which specializes in computer vision.

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