Exclusive: Westinghouse's clients gear up for bankruptcy fight - sources

(Reuters) - The U.S. utilities that are clients of Toshiba Corp's nuclear power plant construction subsidiary, Westinghouse Electric Co LLC, have hired advisers to prepare for its potential bankruptcy, according to people familiar with the matter.

Don't Lose That Device

Did you know that according to the Verizon DBIR team, you are 16 times more likely to lose a laptop or mobile devices than have it stolen? When you are traveling, always double-check to make sure you have your mobile device with you, such as when you finish going through airport security, leave your...

Continue reading

Kabbage looks to raise money for acquisitions: sources

(Reuters) - Small U.S. business online lender Kabbage Inc is in talks to raise a new round of equity funding that could be used for potential acquisitions at a time when many of its peers face funding challenges, people familiar with the matter said.

Nintendo shares rise after filing shows BlackRock owns 5 percent stake

TOKYO (Reuters) - Nintendo Co Ltd shares rose as much as 2 percent on Thursday after a regulatory filing showed BlackRock, the world's largest asset manager, owns over five percent of stock in the Japanese games maker.

Canada seeks to end Uber's tax advantage over taxi companies

OTTAWA (Reuters) - The new national budget unveiled Wednesday by Canadian Prime Minister Justin Trudeau's Liberal government took aim at ride-sharing providers such as Uber Technologies Inc [UBER.UL], looking to end a tax advantage they have over traditional taxi companies.

Wells Fargo introduces cardless ATMs across U.S. in digital push

NEW YORK (Reuters) - Starting on Monday, Wells Fargo & Co depositors can withdraw money using a smartphone at any branded ATM, the latest sign of U.S. lenders moving away from traditional brick-and-mortar banking.

Google adds audio-only calls to Duo, file sharing to Allo

SAO PAULO (Reuters) - Google said on Wednesday it would offer an audio-only option on its Duo video calls service to help users communicate using poor-quality connections, and was adding a feature to permit file sharing in group chats on its Allo messaging App.

China's ZTE Corp pleads guilty in U.S. court in sanctions case

NEW YORK (Reuters) - Chinese telecom equipment maker ZTE Corp on Wednesday pleaded guilty in U.S. federal court in Texas for illegally shipping U.S. goods and technology to Iran.

Verizon says it has suspended some digital advertising

(Reuters) - Verizon has suspended digital advertising outside of spots that show up in searches, citing brand safety concerns, the number one U.S. wireless carrier said on Wednesday.

eBay Asks Users to Downgrade Security

Last week, KrebsOnSecurity received an email from eBay. The company wanted me to switch from using a hardware key fob when logging into eBay to receiving a one-time code sent via text message. I found it remarkable that eBay, which at one time was well ahead of most e-commerce companies in providing...

Continue reading

eBay Asks Users to Downgrade Security

Last week, KrebsOnSecurity received an email from eBay. The company wanted me to switch from using a hardware key fob when logging into eBay to receiving a one-time code sent via text message. I found it remarkable that eBay, which at one time was well ahead of most e-commerce companies in providing...

Continue reading

Snap pops 9 percent after winning second 'buy' recommendation

SAN FRANCISCO (Reuters) - Shares of Snap Inc jumped 9 percent on Wednesday after the owner of messaging app Snapchat received a second analyst "buy" rating following a red-hot public listing this month and with Wall Street skeptical about its lofty valuation.

Mobileye deal to fuel investment in late-stage Israeli start-ups

TEL AVIV (Reuters) - Intel's $15.3 billion acquisition of Mobileye has catapulted Israeli hi-tech into the global league, and is likely to stimulate investment in the sector's other late-stage startups, where funds are most needed.

Pakistan seeks Facebook meeting, threatens action over blasphemy

ISLAMABAD (Reuters) - Pakistan will punish social media companies that fail to take action against online blasphemy, the interior minister said on Wednesday, adding that he had requested a meeting with Facebook.

EU's Vestager says analyzing Facebook reply to WhatsApp probe

BRUSSELS (Reuters) - EU antitrust chief Margrethe Vestager said on Wednesday she was reviewing Facebook's response to charges the U.S. social network provided misleading information during its bid for messaging service WhatsApp which may result in a hefty fine for the company.

Google allows users to share their locations in mapping app

(Reuters) - Alphabet Inc's Google announced on Wednesday that it will revamp its popular maps app to allow users to share their locations, in order to boost engagement on a product of increasing strategic importance to the search giant.

LinkedIn tries to hook more users with business news section

SAN FRANCISCO (Reuters) - LinkedIn on Wednesday plans to launch a section on its network dedicated to business news, seeking to draw users onto the service more frequently to read and talk about current events, company officials said.

Instagram says advertising base tops one million businesses

SAN FRANCISCO (Reuters) - Instagram is expected to announce on Wednesday that it has reached more than 1 million monthly active advertisers, as the Facebook Inc-owned photo-sharing app tries to become a center of online commerce.

Hotel booking platform HotelTonight raises $37 million

(Reuters) - Last-minute U.S. hotel booking app HotelTonight said on Wednesday it raised $37 million in a funding round as it seeks to expand its international hotel network and invest in marketing campaigns.

Struggling in China, Amway bets on technology for turnaround

BEIJING (Reuters) - Global direct-selling company Amway Inc is looking to rebuild its business in China with the help of improvements such as an online ordering platform for its agents and experience centers, as sales in the country have fallen over the past three years.