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By Heather Somerville SAN FRANCISCO (Reuters) - Airbnb is expected to double its nightly bookings this year, investors familiar with the company's performance said, a sign that the home and room renting site's battles with regulators have yet to dent its rapid global growth. The website is expected to have about 80 million nights booked this year, up from about 40 million in 2014, according to the investors, who declined to be named. This pace of growth is expected to continue or accelerate, the investors said. more...

(Reuters) - Yahoo Inc said on Monday it would proceed with the planned spinoff of its stake in Alibaba Group Holding Ltd even though the IRS has declined to rule on whether the transaction would be tax free. Yahoo's shares rose 4 percent to $28.71 in extended trading. The Web search company said earlier this month the IRS had denied its request for a private letter ruling on whether the spinoff of its stake in the Chinese e-commerce giant would be considered tax free. more...

(Reuters) - Microsoft Corp said it was changing the way it reported financial results to reflect its emphasis on cloud and mobile businesses. Starting this quarter, the company will report revenue and operating income based on three businesses - Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Productivity and Business Processes will include Office and Office 365 as well as its Dynamics and Dynamics CRM (customer relationship management) online software. more...

By Joseph White DETROIT (Reuters) - General Motors Co Chief Executive Mary Barra said the automaker plans new efforts to capitalize on the connectivity built into its cars, expanding car sharing services, offering more autonomous driving features and enabling services through smartphone apps. "Our goal is to disrupt ourselves, and own the customer relationship beyond the car," Barra told Reuters in an interview Monday ahead of a meeting with investors and analysts scheduled for Oct. 1. Using technology embedded in its cars, she said, a customer who owns a Chevrolet Malibu could step into a Cadillac CTS and the luxury car could import from a smartphone app the driver’s preferences for how the car should function. more...

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