Exclusive: Rupert Murdoch twice discussed CNN with AT&T CEO - sources

NEW YORK (Reuters) - Rupert Murdoch telephoned AT&T Inc (T.N) Chief Executive Randall Stephenson twice in the last six months and talked about cable network CNN, sources briefed on the matter told Reuters on Friday. Rupert Murdoch stands at the U.S. Open men's final in New York, September 10, 20...

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China's 24-hour online shopping binge tops $1.5 billion in first three minutes

SHANGHAI (Reuters) - Chinese e-commerce giant Alibaba (BABA.N) said sales topped 10 billion yuan ($1.51 billion) in just over three minutes from the opening of Singles’ Day, an annual online discount sales gala that has become the world’s biggest shopping spree. Jack Ma, Chairman of Alib...

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Hack of Attack-for-Hire Service vDOS Snares New Mexico Man

A New Mexico man is facing federal hacking charges for allegedly using the now defunct attack-for-hire service vDOS to launch damaging digital assaults aimed at knocking his former employer’s Web site offline. Prosecutors were able to bring the case in part because vDOS got massively hacked la...

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Hack of Attack-for-Hire Service vDOS Snares New Mexico Man

A New Mexico man is facing federal hacking charges for allegedly using the now defunct attack-for-hire service vDOS to launch damaging digital assaults aimed at knocking his former employer’s Web site offline. Prosecutors were able to bring the case in part because vDOS got massively hacked la...

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China's 24-hour shopping gala: more tech, fewer deals?

SHANGHAI (Reuters) - Singles’ Day, once a celebration for China’s lonely hearts and now the world’s biggest shopping spree, opens at midnight on Friday, with millions of shoppers eager to snap up cut-price deals. U.S. singer Pharrell Williams and Hong Kong singer Karen Mok perform ...

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Disney shares rise as focus turns to streaming commitment

(Reuters) - Walt Disney’s shares rose 3 percent on Friday, as Wall Street shrugged off poor financial results and focused instead on the media giant’s commitment to build a service that will compete aggressively with video streaming pioneer Netflix. FILE PHOTO: The logo of the Disney sto...

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Nvidia shares set record as Volta chips ensure future growth

(Reuters) - Shares of Nvidia Corp (NVDA.O) hit a record on Friday, after it posted stellar quarterly results powered by higher demand for graphics chips used in gaming and data centers, and the rapid adoption of its new Volta chips for AI and driverless cars. The logo of Nvidia Corporation is seen d...

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Amazon seeks staff in European insurance push

LONDON (Reuters) - Amazon.com Inc is expanding its nascent European product insurance business, according to recent job adverts, which industry watchers say could signal the start of broader ambitions in insurance. The logo of Amazon is seen at the company logistics center in Lauwin-Planque, norther...

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Equifax warns data breach will harm future sales

(Reuters) - Equifax Inc on Friday warned that this year’s massive data breach will harm future sales, saying it will reduce revenue in the current fourth quarter by 3 percent to 4 percent. Credit reporting company Equifax Inc. corporate offices are pictured in Atlanta, Georgia, U.S., September...

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Nvidia set to open at record on soaring Volta chip demand

(Reuters) - Shares of Nvidia Corp (NVDA.O) are set to open at a record on Friday, after it posted stellar quarterly results powered by higher demand for graphics chips used in gaming and data centers, and the rapid adoption of its new Volta chips for AI and driverless cars. The logo of Nvidia Corpor...

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Bitcoin slides by over $1000 in less than 48 hours

LONDON (Reuters) - Bitcoin dropped below $7,000 on Friday to trade more than 5 percent down on the day, having fallen by well over $1,000 since hitting an all-time high on Wednesday. A bitcoin (virtual currency) coin placed on Dollar banknotes is seen in this illustration picture, November 6, 2017. ...

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Uber loses UK appeal bid to overturn workers' rights decision

LONDON (Reuters) - Uber [UBER.UL] lost an appeal on Friday to overturn a decision by a tribunal which said its drivers deserved workers’ rights such as the minimum wage, in a blow to the taxi app as it also battles to keep its license in London. A photo illustration shows the Uber app logo dis...

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German investigators shut down illegal file-sharing site

FRANKFURT (Reuters) - German investigators shut down an illegal file-sharing site with around 27,000 members as part of a police sting targeting 42 suspects across Germany, the Frankfurt attorney general’s office said on Friday. The file-sharing site, usenetrevolution.info, was used to share b...

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China's deliverymen face robot revolution as parcel demand soars

SHANGHAI/BEIJING (Reuters) - At Beijing’s sprawling Renmin University of China, two shiny new couriers dart through throngs of students to deliver parcels throughout the day. A BEST Inc employee scans parcels at one of the company's Shanghai order fulfillment centres in Shanghai, China Novembe...

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China's Bytedance buying lip-sync app Musical.ly for up to $1 billion

HONG KONG/SHANGHAI (Reuters) - Chinese online content platform Bytedance said on Friday it would buy popular lip-sync platform Musical.ly, in a deal seen valued at up to $1 billion that underlines the global ambitions of the fast-growing tech startup. Musical.ly, Chinese founded but popular around t...

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China's Bytedance says to merge with lip-syncing app Musical.ly

(Reuters) - China’s AI-powered content platform Bytedance Ltd said on Friday it would merge with lip-syncing app Musical.ly Inc. Financial terms of the deal were not disclosed. Musical.ly will continue to operate as an independent platform post merger, while integrating Bytedance’s techn...

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Google supports U.S. efforts to disclose buyers of online political ads

SAN FRANCISCO (Reuters) - Alphabet Inc’s Google unit told U.S. election regulators in a letter seen by Reuters on Thursday that it “strongly supports” tightening rules on online political advertising as part of efforts to curtail “foreign abuse and influence” in electio...

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Toshiba considering $5.3 billion capital injection: source

TOKYO (Reuters) - Toshiba Corp, desperate for cash to avoid a possible delisting, is considering raising about 600 billion yen ($5.3 billion) by offering new shares in a third-party allotment, a person briefed on the matter said on Friday. FILE PHOTO: Shoppers look at Toshiba Corp's Regza television...

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DDoS-for-Hire Service Launches Mobile App

In May 2013 KrebsOnSecurity wrote about Ragebooter, a service that paying customers can use to launch powerful distributed denial-of-service (DDoS) attacks capable of knocking individuals and Web sites offline. The owner of Ragebooter subsequently was convicted in 2016 of possessing child pornograph...

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DDoS-for-Hire Service Launches Mobile App

In May 2013 KrebsOnSecurity wrote about Ragebooter, a service that paying customers can use to launch powerful distributed denial-of-service (DDoS) attacks capable of knocking individuals and Web sites offline. The owner of Ragebooter subsequently was convicted in 2016 of possessing child pornograph...

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