SEOUL (Reuters) - Shares in South Korean tech giant Samsung Electronics jumped more than 5 percent on Tuesday amid strong buying by foreign investors. Samsung shares fell heavily last week as the local bourse was hit by losses on Wall Street, but were now being supported by bargain hunting, analysts...
SAN FRANCISCO (Reuters) - Alphabet Inc’s Google this month hired Injong Rhee, who recently resigned as Samsung Electronics Co’s chief technology officer, to lead its Internet of Things business, he said in a LinkedIn post Monday. Google spokeswoman Jane Hynes confirmed to Reuters Rhee&rs...
TOKYO (Reuters) - A group of cryptocurrency traders will file a lawsuit against Coincheck Inc on Thursday over last month’s theft of $530 million (£382 million) in digital money from the Tokyo-based exchange, a lawyer representing the claimants said. The ten traders will file the claim a...
SAN FRANCISCO (Reuters) - Social network Instagram has come to look more like rival Snapchat after copying some of its features, but marketers say Snapchat’s younger audience and safeguards against poor placement drive enthusiasm for advertising on the smaller app. Expectations for Snapchat&rs...
TOKYO (Reuters) - Japanese cryptocurrency exchange Coincheck Inc, stung by the theft of $530 million (383.34 million pounds) of digital money last month, is expected on Tuesday to file a report with regulators on the hacking. The Financial Services Agency ordered Coincheck to raise its standards aft...
SAN JUAN, Puerto Rico (Reuters) - Puerto Rico’s annual investment summit, a two-day conference to woo investors to the bankrupt U.S. territory and the first since Hurricane Maria devastated the island, sported some new faces, particularly from the fast-growing cryptocurrency world. &nbs...
SAN FRANCISCO (Reuters) - Grocery delivery service Instacart has raised $200 million in fresh funding, the company said on Monday, boosting its valuation and providing new resources for the startup to compete against heavyweight Amazon.com Inc. Instacart, a San Francisco-based company that shops for...
(Reuters) - Several U.S. cyber security firms said on Monday that they had uncovered a computer virus dubbed “Olympic Destroyer” that was likely used in an attack on Friday’s opening ceremony of the Pyeongchang Winter Games. Games Organizers confirmed the attack on Sunday, saying t...
(Reuters) - Amazon.com Inc (AMZN.O) is cutting hundreds of jobs in its consumer business in Seattle, a person familiar with the matter said on Monday, as the company shifts resources into fast-growing areas like its work on voice assistant Alexa. The job cuts, rare for the world’s largest onli...
(Reuters) - Amazon.com Inc (AMZN.O) is cutting hundreds of jobs in its headquarters at Seattle and in its global operations, the Seattle Times reported, citing one person familiar with the matter. The layoffs are primarily focused on the online giant’s consumer retail businesses, the Seat...
BERLIN (Reuters) - A German consumer rights group said on Monday that a court had found Facebook’s (FB.O) use of personal data to be illegal because the U.S. social media platform did not adequately secure the informed consent of its users. The verdict, from a Berlin regional court, comes as B...
Newtek Business Services Corp. [NASDAQ:NEWT], a Web services conglomerate that operates more than 100,000 business Web sites and some 40,000 managed technology accounts, had several of its core domain names stolen over the weekend. The theft shut off email and stranded Web sites for many of Newtek&r...
Newtek Business Services Corp. [NASDAQ:NEWT], a Web services conglomerate that operates more than 100,000 business Web sites and some 40,000 managed technology accounts, had several of its core domain names stolen over the weekend. The theft shut off email and stranded Web sites for many of Newtek&r...
LONDON (Reuters) - Some firms using computers to trade at ultra-fast speeds are not applying safeguards required to avert market meltdowns, Britain’s Financial Conduct Authority said on Monday. Algorithmic or high-frequency trading uses computers to automatically place an order in financial ma...
BOSTON (Reuters) - Jittery investors and their smartphones stressed out leading U.S. online financial sites last week as heavy volatility shook markets, technology analysts said. Major firms including Vanguard Group, TD Ameritrade Holding Corp (AMTD.O) and Fidelity Investments reported service slowd...
HONG KONG (Reuters) - Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, said it plans to use proceeds from a Shanghai listing of one if its subsidiaries to fund eight projects totaling 27.3 billion yuan ($4 billion). In January, Foxconn, formally known as Hon Hai P...
SAN FRANCISCO (Reuters) - Amazon.com Inc (AMZN.O) paid about $90 million to acquire the maker of Blink home security cameras late last year, in a secret bet on the startup’s energy-efficient chips, people familiar with the matter told Reuters. The deal’s rationale and price tag, previous...
JAKARTA (Reuters) - Indonesian conglomerate Astra International said on Monday it will invest $150 million in Go-Jek, joining the likes of Alphabet Inc’s Google in the ride-hailing start-up’s latest fundraising round. Astra Chief Executive Prijono Sugiarto said the group had wanted to in...
SINGAPORE (Reuters) - Alibaba Group Holding Ltd’s entertainment arm has signed a licensing agreement with Walt Disney Co in a deal that will provide the Chinese group’s Youku video streaming platform with the largest Disney animation collection in China. Alibaba said in a press release o...
TOKYO (Reuters) - After the Mt. Gox cryptocurrency exchange was stung by a half-billion dollar theft in 2014, Japanese regulators swung into action. Their goal was to craft rules that both protected traders and allowed a promising sector to flourish. By last April, thought they had arrived at a set ...
