Ex-NSA chief's startup raises $78 million, helps defend U.S. power grid

WASHINGTON (Reuters) - IronNet Cybersecurity Inc, a startup led by former U.S. National Security Agency chief Keith Alexander, has raised $78 million in additional funding, the company told Reuters on Wednesday, a day ahead of a planned announcement.

Tesla says Model 3 production on track, will curb spending in 2018

SAN FRANCISCO (Reuters) - Tesla Inc stood by its production targets for its Model 3 on Wednesday, assuring investors that its key new vehicle was on track, and sought to downplay increased wariness over its finances, saying it expected to achieve net profit in both its third and fourth quarters.

Poorest U.S. consumers seen hit hard by T-Mobile, Sprint merger

(Reuters) - The poorest U.S. consumers would lose most from the proposed tie-up of wireless carriers T-Mobile US Inc and Sprint Corp, according to consumer advocates who warned the combined company would hike fees for pre-paid and other low-cost mobile phone plans.

Spotify revenue just shy of Wall Street estimate, shares drop

LONDON/BENGALURU (Reuters) - Music streaming leader Spotify Technology on Wednesday posted quarterly revenue just below Wall Street's average estimate in its first report as a publicly traded company, sending its shares down 9 percent in after-hours trading.

Fitbit's current-quarter revenue forecast misses estimates

(Reuters) - Wearable device maker Fitbit Inc's forecast for current-quarter revenue missed Wall Street estimates, hurt by a drop in sales of fitness trackers.

Amazon makes bid to spoil Walmart-Flipkart deal: report

BENGALURU/MUMBAI (Reuters) - Amazon.com Inc has made a formal offer to buy 60 percent of Flipkart, CNBC-TV18 reported on Wednesday, potentially complicating Walmart Inc's bid for majority ownership of the Indian online retailer.

Spotify operating loss narrows in first quarterly report

LONDON (Reuters) - Spotify Technology on Wednesday posted quarterly revenue in line with its recent outlook and sharply lower operating losses in the music streaming leader's first financial report as a publicly traded company.

U.S. considering restrictions on China's telecoms companies: sources

WASHINGTON (Reuters) - The Trump administration is considering issuing an executive order that would restrict some Chinese companies' ability to sell telecommunications equipment in the United States, two industry officials said, an action likely aimed at Huawei Technologies Co Ltd [HWT.UL] and ZTE ...

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When Your Employees Post Passwords Online

Storing passwords in plaintext online is never a good idea, but it’s remarkable how many companies have employees who are doing just that using online collaboration tools like Trello.com. Last week, KrebsOnSecurity notified a host of companies that employees were using Trello to share password...

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Apple services segment faces margin, competitive challenges

(Reuters) - Apple Inc is betting on services such as app downloads and music subscriptions to help drive growth as the cell phone market matures, but the company faces tough competitors and potentially low profit margins in some of its target areas.

U.S. considering restrictions on China's telecoms companies: WSJ

WASHINGTON (Reuters) - The Trump administration is considering executive action to restrict some Chinese companies' ability to sell telecommunications equipment in the United States, the Wall Street Journal reported on Wednesday.

U.S. considering restrictions on Chinese telecoms companies: WSJ

WASHINGTON (Reuters) - The Trump administration is considering executive action to restrict some Chinese companies’ ability to sell telecommunications equipment in the United States, the Wall Street Journal reported on Wednesday.

Aerospace suppliers look to blockchain for parts tracking

BERLIN (Reuters) - Aerospace suppliers are starting to explore blockchain technology to keep tabs on their supply chain, potentially tracking parts such as those identified as the cause of a Southwest Airlines accident last month.

TSB chief to lose bonus linked to botched IT upgrade

LONDON (Reuters) - The chief executive of British bank TSB, Paul Pester, will not get a bonus linked to the bank's botched computer system migration, TSB's Chairman Richard Meddings told lawmakers on Wednesday.

Pentagon stops selling Huawei, ZTE phones in its bases, cites security

WASHINGTON (Reuters) - The U.S. Department of Defense has stopped selling mobile phones and modems made by the Chinese technology companies Huawei Technologies and ZTE Corp in stores on its military bases, citing potential security risks.

App redesign haunts Snap as investors flee

(Reuters) - Shares of Snap Inc sank as much as 22 percent to the lowest since its 2017 flotation on Wednesday, after first quarter numbers showed it losing confidence among users and advertisers due to a widely-panned redesign of Snapchat.

TSB chief executive to lose bonus linked to computer system migration

LONDON (Reuters) - The Chief Executive of British lender TSB, Paul Pester, will not receive a bonus that he was due and which was linked to the bank's botched computer system migration, TSB's chairman Richard Meddings told lawmakers on Wednesday.

Apple shares rise after sales quell iPhone worries

(Reuters) - Shares of Apple Inc rose 3 percent on Wednesday after the company's quarterly report and current-quarter iPhone sales forecast calmed investor nerves about a potential slowdown in sales of its flagship product.

App redesign haunts Snap as investors flee stock

(Reuters) - Shares of Snap Inc fell 17 percent on Wednesday, a day after the Snapchat owner missed first-quarter user targets and said revenue growth would see a substantial slowdown in the current quarter as backlash over the app's redesign kept advertisers at bay.

ECB designs cyber attack simulation for financial firms

FRANKFURT (Reuters) - The European Central Bank has designed a new test simulating cyber attacks on banks, stock exchanges and other firms that are critical for the functioning of the financial system, it said on Wednesday.