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Ashley Madison founder emails leaked in new data dump

By Alastair Sharp and Josephine Mason TORONTO (Reuters) – Emails sent by the founder of infidelity website AshleyMadison.com appear to have been exposed in a second, larger release of data stolen from its parent company, cyber security experts confirmed on Thursday. The data dump by hackers who have attacked the site appears to include email messages linked to Noel Biderman, founder and chief executive officer of its Toronto-based parent company

Microsoft confirms Finnish phone site closure and job cuts

HELSINKI (Reuters) – Microsoft Corp on Friday confirmed it will close Nokia Oyj’s former handset product development unit in Salo, Finland, and will cut a total of up to 2,300 jobs in the Nordic country. The cuts, initially announced in July, are part of Microsoft’s plan to cut 7,800 jobs globally, most from the phone hardware business that it bought from Nokia last year. Two Finnish sites, in Espoo and

Mobile language apps help millions learn less, more often

By Eric Auchard FRANKFURT (Reuters) – Smartphone apps that help people learn languages for free or nearly free, a few sentences at a time, are piling pressure on established education firms and setting the pace for how to make lessons more engaging. Phone and tablet-based mobile products from newcomers like Germany’s Babbel, Britain’s Memrise and U.S.-based Duolingo have overtaken names like Berlitz and computer self-learning pioneer Rosetta Stone in terms

Uber seen reaching $10.8 billion in bookings in 2015: fundraising presentation

By Shu Zhang and Gerry Shih BEIJING (Reuters) – Uber Technologies Inc’s [UBER.UL] global bookings are projected to rise nearly threefold to $10.84 billion this year and reach $26.12 billion the next, according to a recent presentation for potential investors seen by Reuters. The ride-hailing service, which operates in over 50 countries, keeps 20 percent of booking revenue, showed a confidential slideshow prepared by Chinese bankers with input from Uber,

5 reasons the Fed may not raise rates in September

The recently released minutes of the July 28-29 Federal Open Market Committee (FOMC) meeting shows that while many members of the Federal Reserve want to raise interest rates, it’s not clear when it will happen. Members of the Fed are generally satisfied with improvements in the economy, but there are still a number of reasons to question a September rate hike, especially since there’s no way to know what factors

Factory activity slows in August: Markit

Financial data firm Markit said its preliminary U.S. Manufacturing Purchasing Managers’ Index fell to 52.9 in August, its lowest since October 2013, from a final July reading of 53.8. “August’s survey highlights a lack of growth momentum and continued weak price pressures across the U.S. manufacturing sector, which adds some fuel to the dovish argument as policymakers weigh up tightening policy in September,” said Tim Moore, senior economist at Markit.