Facebook Inc (FB) is testing a ‘buy’ button ad format

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Facebook Inc (NASDAQ:FB) is testing out an ad format that will be useful for businesses. This could help drive sales through the News Feed and on Facebook Pages.
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Microsoft Corporation (MSFT) is cutting 18,000 jobs over the next year

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Microsoft Corporation (NASDAQ:MSFT) has confirmed that it is cutting up to 18,000 jobs in the next year as part of a new streamlining plan under newly appointed CEO Satya Nadella. Microsoft said that around 12,500 of the professional and factory positions will be cut as part of the $7.2 billion acquisition of Nokia.

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Samsung launches headphones to compete with Beats

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Samsung has announced a new line of headphones called “Level.” The lineup was introduced in April. The Samsung Level Over is a $349.99 pair of over-ear Bluetooth headphones with active noise cancellation and NFC. The headphones can be plugged in using a detachable audio cable. Samsung launched an Android app for EQ customization called “SoundAlive.”
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Google Inc (GOOG): Former Ford CEO Alan Mulally joins board

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Google Inc (NASDAQ:GOOG) has named former Ford Motor Company CEO Alan Mulally to its board of directors. Mulally was named the head of Ford in September 2006, but he left the company earlier this month. Ford chief operating officer Mark Fields became CEO of Ford after him. Mulally left Ford six months earlier than expected. Mulally is known for being a turnaround wizard at Ford Motor Company. Ford is expected to make $8 billion in pre-tax profits this year and the company was losing money when he joined.
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CheapAir has hit $1.5 million in total Bitcoin sales

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CheapAir.com has announced that it has hit over $1.5 million in Bitcoin sales on flights, hotels, and Amtrak bookings. CheapAir.com is the second traditional e-commerce company that has completed over $1.5 million in sales after Overstock.com. Overstock.com hit $1.6 million in May.

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Google Inc (GOOG) reports $16B in revenue, $4.26B in net income; Nikesh Arora steps down

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Google Inc (NASDAQ:GOOG) has released its Q2 2014 earnings report today. Revenue hit $16 billion, which is up 22% from the previous year. Google’s operating income was $4.26 billion (27% of revenues), which is up from $3.47 billion the year earlier. Net income was $3.42 billion and EPS was $4.99, up from $4.77. In the previous quarter, Google posted revenues of $15.4 billion and a profit of $4.12 billion. Google websites generated $10.94 billion of the total revenues, which is a 23% increase over Q2 2013. Partner websites generated $3.42 billion of revenues. The paid clicks for ads increased 25% year-over-year and cost-per-click was down around 6% in the same period.

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Apple Inc. (AAPL) names Sue Wagner as a board of director

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Apple Inc. (NASDAQ:AAPL) has announced that former VP of marketing and board member Bill Campbell is leaving the company to retire. He will be replaced by BlackRock founding partner and director Susan L. Wagner.
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Twitter Inc (TWTR) acquires CardSpring

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Twitter Inc (NYSE:TWTR) has announced that it has acquired CardSpring, which will enable the social media company to enhance “in-the-moment commerce experiences.” CardSpring is an app platform that enables developers to build card-linked coupons, loyalty cards, and virtual currency that works with credit cards. Twitter will keep CardSpring open as a wholly owned subsidiary.

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