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Microsoft deal to buy Skype to close by October: CEO

Skype chief executive Tony Bates said he expects Microsoft's purchase of the Internet voice and video leader to close by October, once it gets the green light from European regulators.

eBay buying Zong for $240 million

PayPal owner eBay said Thursday that it has agreed to buy mobile payments provider Zong for $240 million in cash.

Kuwait to spend $500 bn on oil projects by 2040

OPEC member Kuwait plans to spend more than half a trillion dollars by 2040 to boost its oil and gas output and refining capacity, a top executive said on Wednesday.

Volkswagen to end iconic 'Beetle' cars in 2019

Volkswagen announced Thursday it would end production of its iconic "Beetle" cars in 2019 after adding a pair of final editions of the insect-inspired vehicles.

LG Electronics replaces CEO over profit slump

(AP) -- South Korea's LG Electronics, the world's third-biggest maker of mobile phones, said its chief executive will be replaced by the brother of the LG Group's chairman after record losses at its handset business.

Twitter launching photo-sharing service

Twitter said Wednesday that it is adding a photo-sharing option for its users, a move that could deal a blow to existing services such as Twitpic and yfrog.

Twitter buys mobile blogging startup Posterous

Twitter on Monday announced that it has bought mobile blogging startup Posterous and will put engineers behind the popular "lifestreaming" service to work on special projects.

Cloud firm Box raises $100 mn

Cloud storage startup Box, launched from a college dorm in 2005, has raised $100 million in new capital to help fund a global expansion.

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