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Mt Gox set to liquidate as court denies rehabilitation

- Mt. Gox, once the world's biggest bitcoin exchange, is likely to be liquidated after a Tokyo court dismissed the company's bid to resuscitate its business, the court-appointed administrator said on Wednesday.

Recent Technology News

Alibaba's growth accelerates, U.S. IPO filing expected next week

SAN FRANCISCO - Alibaba Group Holding Ltd's revenue growth accelerated in the last quarter of 2013, a timely lift for the Chinese Internet company as it prepares to file a prospectus next week for its highly anticipated initial public offering.

Media 3:43am EDT

Samsung executive says Galaxy S5 to outsell S4, sees second quarter rollout for Tizen phone

SEOUL - Samsung Electronics Co Ltd's new Galaxy S5 smartphone should outsell its predecessor and defy predictions that the South Korean titan's latest model will struggle in a tough market for high-end handsets, a top executive said.

Media, South Korea 1:43am EDT

China's Baidu launches mobile payment app

SHANGHAI - Baidu Inc, China's leading internet search provider, has launched a mobile payment and wealth management platform after its main domestic rivals launched similar products.

15 Apr 2014

Reddit boosts news capabilities in social media turf grab

NEW YORK - Reddit, a website with a retro-'90s look and space-alien mascot that tracks everything from online news to celebrity Q&As, is going after more eyeballs, and advertising, by allowing members of its passionate community to post their own news more quickly and easily.

Media 15 Apr 2014

Intel's quarterly net beats Street, CEO talks up tablets

SAN FRANCISCO - Intel Corp's first-quarter net profit exceeded Wall Street's estimates as the chipmaker wrestles with slow demand for personal computers and its chief executive officer said an ambitious goal to stake out market share in tablets was on track.

Media 15 Apr 2014

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