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China's Alibaba splits online shopping unit Taobao

China's largest e-commerce company Alibaba Group announced Thursday it has split its consumer online shopping platform Taobao into three firms to adapt to an increasingly competitive landscape.

Write-off contributes to NY Times losses

The New York Times Co. posted a loss of $88.1 million in the previous quarter on Thursday, as a write-off in the value of website About.com wiped out gains from increased online subscriptions.

Windows 8 sales hit 40 million

Microsoft said Tuesday it sold 40 million licenses for its Windows 8 operating system in the first month after a launch which got a mixed reception.

New Israeli machine to standardize diamond grading

An Israeli high-tech company has invented a machine that it says can instantly grade the clarity of polished diamonds—a development the company said Thursday will bring new standards to a painstaking process that has long ...

Facebook names Netflix CEO to board

Facebook announced Thursday that it has named Reed Hastings, chairman and chief executive of US video giant Netflix, to the social network's board of directors.

Continental teams up with IBM in automated driving

German auto parts maker Continental announced Tuesday that it is teaming up with US software giant IBM to develop systems that will eventually enable cars to drive by themselves.

Big US banks unveil consumer payment app

Major US banking groups Monday announced they would join forces for a new person-to-person mobile payment application to counter services like PayPal's Venmo and Square Cash.

Next version of Microsoft Office coming in 2010

(AP) -- Microsoft Corp.'s next version of its Office desktop programs will reach consumers next year, though not likely in conjunction with the Windows 7 operating system.

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