Synamedia sees pay TV driving growth for three-four years before IPO

Pay-TV software maker Synamedia, supplier to Comcast's Sky and AT&T's Direct TV, believes the pay-TV market will continue to grow despite the rise of streaming services such as Netflix and Amazon Prime Video.

New York attorney general to probe Capital One data breach

New York's attorney general on Tuesday said her office will begin an immediate investigation into Capital One Financial Corp's data breach, which the bank said involved the access of personal information belonging to about 100 million people in the United States.

GrubHub profit misses on higher spending to fend off competition

GrubHub Inc's quarterly profit missed analyst estimates on Tuesday, hit by soaring costs as the online food delivery company faces off against rivals Uber Eats and DoorDash, sending its stock down 6.6%.

Capital One Data Theft Impacts 106M People

Federal prosecutors this week charged a Seattle woman with stealing data from more than 100 million credit applications made with Capital One Financial Corp. Incredibly, much of this breached played out publicly over several months on social media and other open online platforms. What follows is a c...

Continue reading

Amazon says cloud unit AWS not compromised in Capital One hack

Amazon.com Inc said on Tuesday its cloud unit was not compromised in any way by a former employee who hacked into Capital One Financial Corp and obtained personal information including names and addresses of about 100 million individuals.

Czech telecom hopeful wants more spectrum available in 5G auction

Czech Republic-based Nordic Telecom, aiming to become the country's fourth mobile operator, wants an upcoming auction of new-generation 5G frequencies to offer a greater proportion of spectrum for potential newcomers.

GrubHub reports slump in quarterly profit as costs rise

GrubHub Inc reported a slump in quarterly profit on Tuesday, hurt by soaring costs as the online food delivery company faces off against rivals Uber Eats and DoorDash, sending its stock down 6% in trading before the bell.

Russia to rework draft law on limiting foreign ownership in top IT firms: IFX

Russia will rework a draft law on limiting foreign ownership in major IT companies to take into account the opinions of market players including Yandex, Interfax said on Tuesday, citing the lawmaker who drew up the proposal, Anton Gorelkin.

Blockchain launches cryptocurrency exchange with trades at high speed

Blockchain, one of the world's largest digital currency wallet companies, announced on Tuesday the launch of a cryptocurrency exchange called The PIT that aims to execute trades in microseconds for retail and institutional investors.

Huawei warns on U.S. ban after China smartphone sales drive first-half revenue

Chinese tech giant Huawei Technologies warned on Tuesday a U.S. trade blacklisting will impact short-term revenue growth, even as its half-year revenue surged 23% thanks to soaring smartphone sales at home.

Israeli work management firm monday.com raises $150 million

Israel's monday.com, a work management platform, said on Tuesday it raised $150 million in a late-stage financing round, bringing total funding to $234.1 million.

Taiwan joins Asia digital banking push with three new online licenses

Taiwan issued its first virtual banking licenses to three consortiums led by Taiwan and Japanese investors, its financial authorities said on Tuesday, following moves by regulators in other Asian markets to issue such licenses.

Sony surprises with record profit as image sensor demand offsets weak gaming

Japan's Sony Corp surprised the market by reporting on Tuesday a record first-quarter operating profit despite the slowing gaming business, as strong demand for multiple-lens camera systems for smartphones boosted sales of image sensors.

'I live in constant fear' Bulgaria data breach victim says

Mariana Krasteva, a 55-year old engineer, is one of more than four million Bulgarians, whose personal data was stolen in the country's biggest-ever cyber breach, leaving her fearful of what fraudsters might do with the information.

Sony posts 18% jump in first-quarter profit on strong image sensor business

Japan's Sony Corp on Tuesday reported an 18.4% increase in first-quarter operating profit, beating market expectations thanks to a strong performance in the image sensor business.

Italy's Nexi says data of 18,000 alleged customers published

Data of 18,000 people claimed to be customers of Italian payments firm Nexi have been published on a foreign website, but no financial information was disclosed, Nexi said on Tuesday.

Taiwan issues island's first virtual bank licences

Taiwan issued its first virtual banking licences to three consortiums consisting of Taiwan and Japanese investors, its financial authorities said on Tuesday, following moves by regulators in other Asian markets to issue such licences.

Huawei's first-half revenue growth accelerates despite U.S. sanctions

China's Huawei Technologies said on Tuesday revenue in the first half of the year grew 23.2% - faster than a year ago - despite an intense U.S. campaign against it that ultimately became a trade ban from mid-May.

SoftBank to pump second Vision Fund with proceeds from the first -source

SoftBank Group Corp plans to use proceeds from its first Vision Fund to bankroll the $38 billion it has committed to the second, a source said, in a show of unflinching confidence in its huge tech bets commanding sky-high valuations when sold.

Nintendo quarterly profit drops 10% ahead of Switch Lite launch

Japanese gaming company Nintendo Co Ltd on Tuesday reported a 10% decline in quarterly profit, far wide of market expectations, as a rise in costs dulled stronger sales of its hybrid home-portable Switch console.