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Mike Maples, Managing Partner of Floodgate, shares his insights on investing in Airbnb and the growth of social networking platforms. Despite passing on an initial opportunity to invest in Airbnb, Maples now sees the company as having "thunder lizard potential" and believes it can achieve a defensible advantage
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As investors welcomed better-than-expected earnings from corporate giants like IBM and Coca-Cola, and President Barack Obama expressed optimism about a new deficit-reduction proposal, the global equity markets experienced a significant boost. The Dow Jones Industrial Average surged 1.64%, the Standard & Poor's 500 Index advanced 1.62%
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Intel CFO Stacy Smith spoke with Bloomberg TV's Emily Chang and Jon Erlichman on July 20, 2011, regarding the company's quarterly earnings and future strategy. Intel reported a strong Q2, with revenue reaching $13.1 billion, exceeding analyst expectations. Smith attributed the growth to the company&
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The reception for Rupert Murdoch at the News International party in London last month was lukewarm, a stark contrast to the warm welcomes he has received from British politicians in the past. The allegations of News Corp. staff hacking into phones of murdered schoolgirls and terror victims have brought the
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In a televised interview on Bloomberg TV on July 11, 2011, Thomas Donohue, President and CEO of the U.S. Chamber of Commerce, emphasized the need for quick action to stimulate job growth in the United States. Donohue urged Congress to pass free trade agreements, expand tourism, and tap into
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Pedestrians will soon face reduced risks from the growing population of quiet-running electric and hybrid vehicles, thanks to an impending regulation from the U.S. National Highway Traffic Safety Administration. The agency has started a rule-making process to require automotive manufacturers to install warning systems that will automatically alert pedestrians
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As Google Inc. continues to expand its dominance in the industry, the company is facing more patent litigation, with over 33% of smartphones sold carrying the Android operating system. Transcenic Inc., a small Lake Charles, Louisiana-based company, has filed a lawsuit in U.S. District Court in Delaware against Google,
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Samsung Electronics Co., the world's largest flat-screen panel maker, has sued Apple Inc., claiming the computer and phone maker infringed patents for technology used in its iPhone and iPad devices. The lawsuit, filed in federal court in Delaware, alleges that Apple has copied Samsung's innovations in
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The website of MasterCard Inc., operator of the second-largest electronic payments network, was temporarily knocked offline due to a cyber attack by hackers supporting whistle-blowing site WikiLeaks. The attack, attributed to the Anonymous group, follows a long-standing blockade by MasterCard and other financial institutions against WikiLeaks. The hackers claim that
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US antitrust regulators have given approval to Intel Corp. and Rockstar Bidco LP to bid on the assets of bankrupt Nortel Networks Corp. The approval comes as the bidding process is being reviewed by the antitrust division of the Justice Department. Apple Inc. has also been given similar approval to
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Research In Motion Ltd.'s (RIM) decline has been so drastic that a potential acquirer could purchase the BlackBerry maker at a 50% premium and still pay a lower multiple than any other communication equipment provider. RIM, which was once worth $83 billion, has fallen more than 80% from
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In a effort to advance American foreign policy, the US State Department is leveraging digital technologies to promote internet freedom in repressive countries, including Iran, Syria, and Libya. The initiative, spearheaded by Secretary of State Hillary Clinton and Senior Advisor for Innovation Alec Ross, aims to empower dissidents and citizens
