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(MENAFN - AFP) US online giant Amazon is preparing to take on Google in one of its core businesses, Internet advertising, the Wall Street Journal said, citing sources familiar with the matter.

Amazon is developing its own program to target ads using the information it gathers about the preferences of its customers.

Tests of the new platform could start later this year, ...

 
(MENAFN - AFP) The island of Puerto Rico is depopulating, as residents stream to the US mainland fleeing the island's economic crisis and political gridlock in search of jobs.

Since 2009, more Puerto Ricans have been living pn the American mainland than on the northeastern Caribbean US-territory, a trend that has accelerated in the years since, according to census figures ...

 
(MENAFN - AFP) Goldman Sachs will pay $3.15 billion to resolve claims it misled Fannie Mae and Freddie Mac on mortgage-linked securities it sold them before the US housing bust, officials said Friday.

The Federal Housing Finance Agency, the conservator for Fannie and Freddie, which were rescued by the government during the 2008 crisis, said that Goldman will repurchase the ...

 
(MENAFN - AFP) US stocks enjoyed a week of solid gains following a batch of good economic data and mostly strong corporate earnings as concerns about geopolitical hotspots ebbed somewhat.

For the week, the Dow Jones Industrial Average leaped 338.31 points (2.03 percent) to 17,001.22.

The broad-based S&P 500 advanced 33.34 (1.71 percent) to 1,988.40, while the tech-rich ...

 
(MENAFN - AFP) European Central Bank chief Mario Draghi said Friday he is "confident" the ECB's recent policy measures will help get the eurozone economy back on its feet.

But the central bank chief insisted that eurozone governments needed to play their part and press ahead with reform measures, even if they were unpopular.

"I am confident that the package of measures ...

 
(MENAFN - AFP) Google on Friday confirmed that it bought Gecko Design to bolster its lab devoted to technology-advancing projects such as self-driving cars and Internet-linked Glass eyewear.

Gecko Design specializes in working with engineers on designs early in the creation of new products.

"This is an incredible opportunity for everyone at Gecko," president Jacques ...

 
(MENAFN - AFP) There may be a growing number of applications for smartphones, but people in the US tend to cling to the few they like and shun the rest, an industry tracker says.

Nearly two-thirds of US smartphone owners download no applications monthly, comScore said in its Mobile App Report.

Nearly half of all app - mini-programs - downloads were done by just seven ...

 
(MENAFN - AFP) Spain reported Friday record foreign visitor numbers in July, raising the prospect of a significant economic boost from the important summer tourism season.

Foreign tourist numbers rose to an unprecedented 8.3 million in July, up 5.9 percent from a year earlier, the tourism ministry said in a statement.

"If the trend continues I think we will have a good ...

 
(MENAFN - AFP) Every region of Liberia has now been hit by Ebola, officials said Friday, as other affected west African nations scrambled to contain the spread of the killer virus.

After seeing people fall to the deadly disease in area after area, Liberia said two people had succumbed to the virus in Sinoe province, the last Ebola-free bastion in a country that has seen the ...

 
(MENAFN - AFP) The death toll from the Ebola outbreak sweeping through west African countries has risen to 1,427 out of more than 2,600 cases, the World Health Organization said Friday.

The latest tally, which counts the number of victims from March when the deadly disease first reared its head to August 20, found that 77 people had succumbed to the virus on Tuesday and Wednesday. ...

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