Toshiba receives bid as high as $3.6 billion for chip business stake: source

TOKYO (Reuters) - Toshiba Corp has received an offer as high as 400 billion yen ($3.6 billion) for a 19.9 percent stake in its flash memory business, with other bids as low as 200 billion yen, a person directly involved in the deal told Reuters.

Alibaba's Ant Financial in talks to raise more than $3 billion: report

HONG KONG (Reuters) - China's most valuable online finance company, Ant Financial, is looking to raise more than $3 billion in debt to fund international expansion, according to technology news website The Information.

UK plans to remove insurance barriers for self-driving cars

LONDON (Reuters) - Britain plans to introduce new insurance rules to ensure victims of accidents involving self-driving cars are compensated quickly in a bid to remove a major obstacle for the nascent industry.

Exclusive: Tesla aims to start pilot production of Model 3 cars on February 20 - sources

DETROIT/SAN FRANCISCO (Reuters) - Tesla Inc has told suppliers it planned to begin test-building its Model 3 sedans on Feb. 20, according to people familiar with the matter, a move that could allay concerns about the company meeting its target to start production in July.

NSA contractor indicted over mammoth theft of classified data

(Reuters) - A former National Security Agency contractor was indicted on Wednesday by a federal grand jury on charges he willfully retained national defense information, in what U.S. officials have said may have been the largest heist of classified government information in history.

Cyber expert's arrest silences Russian contacts of some Western crime fighters

SAN FRANCISCO/MOSCOW (Reuters) - Russian cyber-security experts have scaled back cooperation with Western contacts after one of their number was arrested in Moscow on treason charges, making it harder to fight global online crime, U.S. law-enforcement and industry sources say.

Snap's older user base slowly growing ahead of IPO: analyst

The logo of messaging app Snapchat is seen at a booth at TechFair LA, a technology job fair, in Los Angeles, California, U.S., January 26, 2017. REUTERS/Lucy Nicholson

Intel chief says firm will invest $7 billion in Arizona semiconductor factory

WASHINGTON (Reuters) - Intel Corp Chief Executive Officer Brian Krzanich said during a visit with President Donald Trump on Wednesday that the computer chip manufacturer will invest $7 billion in an Arizona semiconductor factory.

New York Times to offer subscribers free Spotify access

(Reuters) - The New York Times Co said on Wednesday that readers taking a one-year digital subscription would also get free access to music streaming service Spotify, as the newspaper company looks for new ways to attract paying readers.

Trump to meet with Intel CEO on Wednesday: White House

WASHINGTON (Reuters) - President Donald Trump will meet with Intel Corp chief executive Brian Krzanich on Wednesday afternoon, the White House said, offering no further details.

‘Top 10 Spammer’ Indicted for Wire Fraud

Michael A. Persaud, a California man profiled in a Nov. 2014 KrebsOnSecurity story about a junk email purveyor tagged as one of the World’s Top 10 Worst Spammers, was indicted this week on federal wire fraud charges tied to an alleged spamming operation. According to an indictment returned in ...

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‘Top 10 Spammer’ Indicted for Wire Fraud

Michael A. Persaud, a California man profiled in a Nov. 2014 KrebsOnSecurity story about a junk email purveyor tagged as one of the World’s Top 10 Worst Spammers, was indicted this week on federal wire fraud charges tied to an alleged spamming operation. According to an indictment returned in ...

Continue reading

Bitcoin dips after report of China exchanges meetings

LONDON - The price of bitcoin fell from one-month highs on Wednesday after sources at bitcoin exchanges in China said the People's Bank of China had summoned some smaller exchanges to a closed-door meeting.

Microsoft offers patent troll defense for cloud customers

(Reuters) - Microsoft Corp has thought up another way to attract potential customers to its cloud computing service: deterrent against patent trolls.

Venture firm Trident Capital raises $300 million for cyber security startups

SAN FRANCISCO (Reuters) - Silicon Valley venture firm Trident Capital Cybersecurity said on Wednesday it had raised $300 million for a fund to invest in cyber security startups - a sign of the growing importance of securing computer systems amid concerns over state-sponsored hacks.

Accenture beefs up blockchain security

NEW YORK (Reuters) - Accenture Plc has developed new technology that it says can help make blockchain applications more secure and could speed up their deployment in sectors such as finance.

Cognizant to appoint directors, plans dividend in deal with Elliott

(Reuters) - IT services provider Cognizant Technology Solutions Corp agreed to appoint three new directors and return $3.4 billion to shareholders, bowing to pressure from activist investor Elliott Management.

Tesla may launch in India this summer: Musk

(Reuters) - Electric car maker Tesla Inc may enter the Indian market this summer, Chief Executive Elon Musk tweeted on Tuesday.

Home-grown streaming app helps Pakistan's musicians find voice

KARACHI (Reuters) - For years, violence kept most of Pakistan's aspiring young musicians from following their dreams, whether the threat of Taliban militant attacks or gang wars in the crowded southern port city of Karachi.

Infosys defends decisions after media report of governance concerns

MUMBAI (Reuters) - Infosys Ltd, India's second-biggest software services exporter, on Wednesday said it had already addressed concerns about executive pay after media reported that its founders had complained about decisions including a pay hike for Chief Executive Vishal Sikka.