Researchers uncover flaw that makes Wi-Fi vulnerable to hacks

(Reuters) - Belgian researchers have discovered a flaw in a widely used system for securing Wi-Fi communications that could allow hackers to read information that was previously understood to be encrypted, or infect websites with malware, they said on Monday. Researchers Mathy Vanhoef and Frank Pies...

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Huawei aims to challenge Apple and Samsung on technology as well as price

LONDON/HONG KONG (Reuters) - China’s Huawei [HWT.UL] has unveiled a new line of smartphones that match or even improve on key features offered by Apple or Samsung while undercutting their rivals on price. Huawei aims to distinguish itself through technological advances that will put it on a le...

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JPMorgan launches payments network using blockchain technology

(Reuters) - JPMorgan Chase & Co said on Monday it launched a new payment processing network that uses blockchain technology, in partnership with Royal Bank of Canada and Australia and New Zealand Banking Group. Blockchain, a shared ledger of transactions maintained by a network of computers on t...

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Krebs Given ISSA’s ‘President’s Award’

16Oct 17 Krebs Given ISSA’s ‘President’s Award’ KrebsOnSecurity was honored this month with the 2017 President’s Award for Public Service from the Information Systems Security Association, a nonprofit organization for cybersecurity professionals. The award recognizes an...

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Krebs Given ISSA’s ‘President’s Award’

16Oct 17 Krebs Given ISSA’s ‘President’s Award’ KrebsOnSecurity was honored this month with the 2017 President’s Award for Public Service from the Information Systems Security Association, a nonprofit organization for cybersecurity professionals. The award recognizes an...

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Exclusive: T-Mobile, Sprint plan merger without selling assets

(Reuters) - T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the ...

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BlackBerry shares down after another top exec leaves

(Reuters) - BlackBerry’s (BB.N) (BB.TO) U.S.-listed shares fell almost 4 percent to $11.12 on Monday after a second senior executive from its licensing unit quit this month. Victor Schubert, a licensing director for BlackBerry, said on Friday he had left, following on the heels of Mark Kokes, ...

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German ambassador warns that internet controls could harm companies, isolate China

BEIJING (Reuters) - China’s internet restrictions have struck a “new blow” against foreign companies working there, Germany’s ambassador said on Monday, warning that such moves could undermine Beijing’s political and commercial ties with the world. China’s ongoing...

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Toyota to test self-driving, talking cars by about 2020

TOKYO (Reuters) - Toyota Motor Corp (7203.T) on Monday said it would begin testing self-driving electric cars around 2020, which will use artificial intelligence (AI) to engage with drivers, as the company competes with tech firms to develop new vehicles. The car, whose concept model was unveiled ea...

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Baidu's iQiyi picks BofA, Credit Suisse, Goldman for U.S. IPO: IFR

HONG KONG (Reuters) - Baidu Inc’s (BIDU.O) iQiyi, a Netflix (NFLX.O) style video streaming service in China, has picked three banks to help arrange a U.S. initial public offering (IPO) worth about $1 billion, IFR reported on Monday, citing people familiar with the plans. Bank of America, Credi...

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Oi's largest creditors demand meeting to renegotiate debt plan

SAO PAULO (Reuters) - A group of bondholders that are Oi SA’s (OIBR4.SA) largest creditors demanded on Sunday that the company’s top executives meet them as soon as possible to renegotiate a debt plan. In a letter viewed by Reuters that was addressed to top Oi executives and board member...

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Exclusive: T-Mobile, Sprint aim to announce merger without asset divestitures - sources

(Reuters) - T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the ...

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Tesla fired hundreds of employees in past week

(Reuters) - Luxury electric vehicle maker Tesla Inc (TSLA.O) fired about 400 employees this week, including associates, team leaders and supervisors, a former employee told Reuters on Friday. The dismissals were a result of a company-wide annual review, Tesla said in an emailed statement, without co...

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Tesla fired hundreds of employees in past week: Mercury News

(Reuters) - Luxury electric vehicle maker Tesla Inc (TSLA.O) fired between 400 and 700 employees this week, including engineers, managers and factory workers, Mercury News reported on Friday, citing interviews with former and current employees. The dismissals were a result of a company-wide annual r...

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Qualcomm files lawsuits in China to ban iPhones

(Reuters) - Qualcomm Inc (QCOM.O) confirmed an earlier report that the chipmaker had filed lawsuits in China, seeking to halt the manufacture and sale of Apple Inc’s (AAPL.O) iPhones in the country. Qualcomm filed the suits in a Beijing intellectual property court, claiming patent infringement...

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IRS puts Equifax contract on hold during security review

NEW YORK (Reuters) - The U.S. Internal Revenue Service has temporarily suspended a contract worth more than $7 million it recently awarded to Equifax Inc following a security issue with the beleaguered credit reporting agency’s website on Thursday. Equifax, which disclosed last month that cybe...

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Qualcomm files lawsuits in China to ban iPhones: Bloomberg

(Reuters) - Qualcomm Inc (QCOM.O) filed lawsuits in China, seeking to halt the manufacture and sale of Apple Inc’s (AAPL.O) iPhones in the country, Bloomberg reported on Friday. Qualcomm filed the suits in a Beijing intellectual property court, claiming patent infringement and is seeking injun...

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Social media firms summoned to U.S. Congressional hearings on Russia

WASHINGTON (Reuters) - Representatives of Facebook, Twitter and Google have been asked to appear on Nov. 1 at hearings on alleged Russian interference in U.S. politics called by the U.S. Senate and House Intelligence Committees, officials said. Facebook and Twitter have already agreed to send repres...

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Facebook launches U.S. food order and delivery service

(Reuters) - Facebook Inc on Friday launched a service through which its U.S. users can order food for take-away or delivery directly through its app or website. Facebook said it has partnered with restaurants including Chipotle Mexican Grill Inc, Jack in the Box Inc, Five Guys and Papa John’s ...

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Uber embarks on legal battle to retain London license

LONDON (Reuters) - Uber [UBER.UL] lodged a court appeal on Friday to overturn a decision by London’s transport regulator that stripped the taxi app of its operating license in its most important European market, the first stop on what is set to be a long legal road. Transport for London (TfL) ...

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