SoftBank Group to book 1.2 trillion yen profit on sale of Alibaba shares

Japan's SoftBank Group Corp said on Tuesday it expects to book around 1.2 trillion yen ($11.12 billion) in pre-tax profit on the sale of shares in China's Alibaba Group Holding Ltd.

Hackers access student data at top Australian university going back 19 years

Australia's top-ranked university said on Tuesday hackers breached its cyber defenses late last year to obtain sensitive data, including students' bank account numbers and passport details going back 19 years.

Top Australian university hacked, 19 years of students' data accessed

Australia's top-ranked university said on Tuesday hackers breached its cyber defenses late last year to obtain sensitive data of students, including bank account numbers and passport details, going back nearly two decades.

PayPal backs Swedish financial tech startup Tink

PayPal Holdings Inc has invested 10 million euros ($11.2 million) in Tink, a Swedish company that enables banks and financial technology startups to access financial data more easily, the companies said on Tuesday.

Facebook keeps three-yearly 'say on pay' vote, amid outside investor doubts

Facebook Inc investors will only get to vote on the pay of Chief Executive Mark Zuckerberg every three years, rather than annually as most outside shareholders would prefer, according to a vote tally released by the world's largest social media company late on Monday, following its annual meeting la...

Continue reading

Factbox: Apple software developer conference highlights 2019

Apple Inc executives introduced app developers to hardware and software improvements at its Worldwide Developer's Conference 2019 on Monday. Here are some highlights:

U.S. urges judge to deny Huawei motion in government effort to disqualify lawyer

U.S. prosecutors on Monday asked a judge to reject a motion by China's Huawei seeking information on the grounds for a government request to disqualify the company's lead defense lawyer in a criminal case alleging bank fraud and sanctions violations.

Report: No ‘Eternal Blue’ Exploit Found in Baltimore City Ransomware

For almost the past month, key computer systems serving the government of Baltimore, Md. have been held hostage by a ransomware strain known as “Robbinhood.” Media publications have cited sources saying the Robbinhood version that hit Baltimore city computers was powered by “Eterna...

Continue reading

Apple touts privacy in web sign-on war with Facebook, Google

Apple Inc on Monday launched a "Sign In With Apple" function to rival Facebook and Google web login accounts, drawing a contrast with rivals by stressing protection of users' information.

Apple software developer conference highlights 2019

Apple Inc executives introduced app developers to hardware and software improvements at its Worldwide Developer's Conference 2019 on Monday. Here are some highlights:

Streaming sports site FloSports raises $47 million, led by Discovery

Live sports streaming service FloSports said on Monday that it raised $47 million from investors including current partner Discovery Inc. to grow its coverage of new and existing sports.

Alphabet shares slide 6% on possible DoJ antitrust probe

Alphabet Inc's shares closed 6% down on Monday following reports that the U.S. Justice Department may investigate Google for hampering competition.

House panel to probe competition in digital markets

The U.S. House of Representatives Judiciary Committee said on Monday it had started a bipartisan investigation into competition in digital markets.

U.S. probe of Google's online ad dominance would appease long suffering rivals, publishers

Ad tech firms and publishers have had to stay in the good graces of Google or risk insolvency.

Apple challenges Google, Facebook for web login, touts privacy 

Apple Inc on Monday launched a "Sign In With Apple" function to rival Facebook and Google web login accounts, drawing a contrast with rivals by stressing protection of users' information.

U.S. moving toward major antitrust probe of tech giants

The U.S. government is gearing up to investigate the massive market power of Amazon, Apple, Facebook and Google, sources told Reuters on Monday, setting up what could be an unprecedented wide-ranging probe of some of the world's largest companies.

Deluge of analyst reports on Uber expected after IPO quiet period

With the quiet period related to Uber Technologies disastrous IPO last month coming to an end, investors can expect a deluge of analyst research initiations on the ride-hailing service.

Apple dips on news of DoJ antitrust probe

Shares of Apple Inc were down nearly 3% in afternoon trading on Mon following a Reuters report that the U.S. Dept of Justice was given jurisdiction to include the iPhone maker as part of broader antitrust probe.

Exclusive: U.S. Justice Dept considering Apple probe - sources

The U.S. Justice Department has jurisdiction for a potential probe of Apple Inc as part of a broader review of whether technology giants are using their size to act in an anti-competitive manner, two sources told Reuters.

FTC wins right for competition probe at Facebook: WSJ

The Federal Trade Commission (FTC) has secured the right to examine how Facebook Inc's practices affect its digital competition, the Wall Street Journal reported on Monday.