Webwire: Google beats Street in Q2; PayPal demos P2P NFC solution

Google thoroughly surpassed Wall Street expectations with a 36% increase in Q2 profit to $2.5 billion, on the back of 32% higher revenue of $9.2 billion, belying fears the company is losing control of costs.
 
PayPal has demonstrated a peer-to-peer NFC payment system developed for phones using the Android OS. The service will launch initially on the Samsung Nexus S.
 
A March cyber attack believed to have been co-ordinated by a foreign government resulted in the theft of some 24,000 files containing Pentagon data, the US agency has disclosed.
SMH 
 
South Africa's MTN has launched a 100-site LTE pilot network, using gear provided by Huawei and Ericsson.
 
Samsung claims a study it commissioned proves there was no link between manufacturing area conditions and six cases of leukemia in former employees, despite a court ruling finding a connection in two of the claims.
 
Streaming music service Spotify has launched in the US, after finally securing deals with the major record labels.
BBC 

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