Computer shops embrace lucrative business: outfitting cryptocurrency miners

HONG KONG/SINGAPORE (Reuters) - Some of the biggest electronics bazaars in Asia are being flooded with customers looking for the latest piece of technology: cryptocurrency mining rigs. Scores of miners from around the world are traveling to places like Hong Kong’s Sham Shui Po and Singapore&rs...

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Sessions forms U.S. cyber task force after election warnings

WASHINGTON (Reuters) - U.S. Attorney General Jeff Sessions on Tuesday announced he would create a task force to examine how his Justice Department can better combat global cyber threats, including efforts to interfere with elections or damage critical infrastructure. Last week, leaders of U.S. intel...

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FCC reversal of net neutrality rules expected to be published Thursday: sources

WASHINGTON (Reuters) - The U.S. Federal Communications Commission is expected to publish on Thursday its December order overturning the landmark Obama-era net neutrality rules, two sources briefed on the matter said Tuesday.

U.S. Attorney General Sessions forms cyber task force to probe election meddling

WASHINGTON (Reuters) - U.S. Attorney General Jeff Sessions has ordered the creation of a task force to examine how his Justice Department can better combat a wide cross-section of global cyber threats, including efforts to interfere with elections or damage critical infrastructure. The announcement ...

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Bitcoin nearly doubles in value from year's low hit in early February

NEW YORK (Reuters) - Bitcoin hit a three-week high on Tuesday and has surged nearly 100 percent from its lowest level this year, as its recovery continued after South Korea’s financial regulator eased its stance on cryptocurrencies, weeks after it considered shutting down digital currency exch...

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ING says cryptocurrency exchange Bitfinex has an account with it

AMSTERDAM (Reuters) - Dutch financial services company ING on Tuesday confirmed that Bitfinex, one of the largest exchanges for trading in cryptocurrencies such as Bitcoin, has a bank account with it in the Netherlands.

Amazon credit card adds Whole Foods to 5 percent cash back offer

LOS ANGELES (Reuters) - Amazon.com Inc on Tuesday extended its 5 percent cash back benefit for Prime service subscribers to shoppers at its newly acquired Whole Foods Market grocery chain. Roughly one year ago, the Amazon Prime Rewards Visa Card issued by Chase began offering eligible Prime members ...

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Qualcomm deals blow to Broadcom's bid with sweetened NXP deal

(Reuters) - U.S. semiconductor company Qualcomm Inc (QCOM.O) on Tuesday unveiled a sweetened $44 billion agreement to acquire NXP Semiconductors NV (NXPI.O), its most defiant move in its defense against a hostile $121 billion bid from Broadcom Ltd (AVGO.O). The new deal puts pressure on Broadcom to ...

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Lesser-known North Korea cyber-spy group goes international: report

FRANKFURT (Reuters) - A North Korean cyber espionage group previously known only for targeting South Korea’s government and private sector deepened its sophistication and hit further afield including in Japan and the Middle East in 2017, security researchers said on Tuesday. Cyber attacks link...

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Xerox shareholders Icahn, Deason urge company to sell itself to rivals

(Reuters) - Xerox Corp shareholders Carl Icahn and Darwin Deason said on Tuesday the U.S. company should seek to sell itself to one of its rivals or a private equity firm. Xerox could combine with a competitor that is actually willing to pay a significant premium, or Japan's Fujifilm Holdings themse...

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Medtronic quarterly revenue beats, margins disappoint

(Reuters) - Medical device maker Medtronic Plc’s quarterly revenue beat analysts’ expectations as new product launches drove sales across its business units, but weaker-than-expected margins clouded the earnings report. Sales in its biggest business, the cardiac and vascular unit that se...

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Qualcomm gets hedge fund nod with raised offer for NXP

(Reuters) - U.S. chipmaker Qualcomm Inc (QCOM.O) raised its offer to buy NXP Semiconductors NV (NXPI.O) to $127.50 per share on Tuesday, and said it has the backing of the shareholder group led by hedge fund Elliott Management that opposed its previous proposal. The new deal puts pressure on fellow ...

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Qualcomm raises offer for NXP, Elliott backs new bid

(Reuters) - U.S. chipmaker Qualcomm Inc (QCOM.O) raised its offer to buy NXP Semiconductors NV (NXPI.O) to $127.50 per share on Tuesday, and said it now has the backing of the shareholder group led by Elliott Management that opposed the previous proposal. Qualcomm said it needs to buy a minimum 70 p...

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Medtronic quarterly profit meets expectations

(Reuters) - Largest U.S. standalone medical device maker Medtronic Plc reported a third-quarter profit in-line with analysts’ estimates, as sales across all its units, except the minimally invasive therapies business, grew. Sales in its cardiac and vascular unit — which sells defibrillat...

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Medtronic posts loss due to $2.2 billion U.S. tax law charge

(Reuters) - Medtronic Plc reported a third-quarter loss on Tuesday, compared with a year-ago profit, hurt by a $2.2 billion charge related to recent changes in U.S. tax laws. The net loss attributable to Medtronic was $1.39 billion, or $1.03 per share, in the quarter ended Jan. 26, compared with a p...

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Money Laundering Via Author Impersonation on Amazon?

Patrick Reames had no idea why Amazon.com sent him a 1099 form saying he’d made almost $24,000 selling books via Createspace, the company’s on-demand publishing arm. That is, until he searched the site for his name and discovered someone has been using it to peddle a $555 book that&rsquo...

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Money Laundering Via Author Impersonation on Amazon?

Patrick Reames had no idea why Amazon.com sent him a 1099 form saying he’d made almost $24,000 selling books via Createspace, the company’s on-demand publishing arm. That is, until he searched the site for his name and discovered someone has been using it to peddle a $555 book that&rsquo...

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Qualcomm raises offer for NXP to $127.50/share

(Reuters) - U.S. chipmaker Qualcomm Inc (QCOM.O) raised its offer to buy NXP Semiconductors NV (NXPI.O) to $127.50 per share from $110, after being pressured by shareholders led by activist hedge fund Elliott Management Corp. Qualcomm said it need to buy a minimum 70 percent of NXP’s outstandi...

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Qualcomm to raise offer to buy NXP: WSJ

(Reuters) - U.S. chipmaker Qualcomm Inc raised its offer to buy NXP Semiconductors NV to $127.50 per share from $110, after being pressured by shareholders led by activist hedge fund Elliott Management Corp, the Wall Street Journal reported, citing people familiar with the matter. The raised offer v...

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Japan's cryptocurrency exchanges to form new self-regulating body: sources

TOKYO (Reuters) - Sixteen Japanese cryptocurrency exchanges will fix plans as early as next week to create a self-regulating body in a bid to better safeguard investors after a $530 million digital money heist last month, two source familiar with the plan said. A plan to merge two separate industry ...

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