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UPDATE 2-In abrupt shift, online retailer Jet.com drops membership fee

Founded by Marc Lore, who in 2010 sold his diapers-to-soap e-commerce firm Quidsi to Amazon.com for $540 million, Jet.com had launched in July promising big discounts in exchange for members placing large orders and paying the annual fee. The launch of Jet.com has been closely watched as a new competitor to Amazon.com Inc and Wal Mart Stores Inc.
Source: Reuters | By: Nathan Layne
Bosch's popular diesel engine software was not preprogrammed to cheat

DETROIT/ WASHINGTON, Oct 7- A popular diesel engine management program used by several top automakers, including Volkswagen AG, was not preprogrammed to detect when a vehicle was undergoing laboratory emissions testing, according to the U.S. Environmental Protection Agency and a former EPA official. Daimler AG's Mercedes-Benz, which uses the same engine...
Source: Reuters | By: Paul Lienert, David Morgan and Joel Schectman
UPDATE 1-EPA officials tell U.S. House panel they cannot detail VW probe

In written testimony submitted to a House oversight panel a day ahead of a Thursday hearing, the EPA officials also said that Volkswagen AG concealed information about its ploy to cheat on diesel emissions after higher emission levels were discovered. The EPA is investigating the scandal in the United States in conjunction with the U.S. Department of Justice.
Source: Reuters
Jet.com pivots business model, kills annual fee

Jet.com, the shopping site which gives discounts to customers who place large orders, will get rid of its $50 annual membership fee. Re/code reports.
Source: Recode | By: Jason Del Rey
Hackers breach LoopPay, a Samsung Pay contributor

As early as March, hackers breached the computer network of LoopPay, a start-up that was acquired by Samsung in February, NYT reports.
Source: The New York Times | By: Nicole Perlroth and Mike Isaac
Pandora says it will buy Ticketfly for $450M

NEW YORK— Streaming music company Pandora said Wednesday it is buying ticket seller Ticketfly for $450 million in a deal the two see changing the way fans find new music and learn about concerts, and artists plan their tours. "We believe this acquisition closes the loop for Pandora by creating a one-stop-shop for artist discovery, marketing, and concert ticket...
Source: The Associated Press
Expect more online fraud as new credit cards arrive

Online fraud in the U.S. is expected to nearly double to $19 billion by 2018 from $10 billion in 2014, according to Javelin Strategy& Research, a consulting company based in Pleasanton, California. In Britain, which began shifting to chip cards in 2001, online fraud rose 55 percent from 2005 to 2008, according to the UK Cards Association, an industry group.
Source: The Associated Press | By: By JOYCE M. ROSENBERG, AP Business Writer
Twitter, Alphabet join forces to speed up content

Twitter and Alphabet have launched an open source code that allows faster loading of content-heavy Web pages on smartphones and tablets.
Source: Reuters
UPDATE 1-Alphabet launches code for fast loading of heavy mobile content

Oct 7- Alphabet Inc, formerly Google Inc, announced a new open source code that allows faster loading of Web pages with heavy content such as video, animation and graphics on smartphones and tablets. Twitter Inc, LinkedIn Corp, Pinterest, WordPress.com, Chartbeat, Parse.ly and Adobe Analytics are among some of the technology companies that will adopt the code,...
Source: Reuters
Twitter, Alphabet launch code for fast loading of heavy mobile content

Oct 7- Twitter Inc and Alphabet Inc have launched an open source code that allows faster loading of content-heavy Web pages on smartphones and tablets.
Source: Reuters