Schneider Electric says software bug exploited in watershed hack

TORONTO (Reuters) - Schneider Electric SE disclosed on Thursday that hackers exploited a flaw in its software in a watershed hack discovered last month that halted plant operations at an industrial facility. Schneider security officials told Reuters that they are working on a software update to fix ...

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Apple's U.S. tax payment does not change EU's Irish tax ruling

BRUSSELS (Reuters) - Apple’s (AAPL.O) announcement that it will pay $38 billion in U.S. tax on its overseas cash will not reduce the $16 billion tax bill the company owes Ireland following a European Union ruling, the EU’s executive said on Thursday. “Nothing has changed,” a ...

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Amazon shortlists 20 metro areas for second headquarters

(Reuters) - Amazon.com Inc said it has short-listed 20 metropolitan areas, including one in Canada, to build its second headquarters after reviewing 238 proposals. The largest e-commerce company said it would work with each of the candidate locations to get more information and evaluate the feasibil...

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Swiss task force to look into blockchain oversight

ZURICH (Reuters) - Switzerland has set up a working group to look into oversight of blockchain technology and initial coin offerings (ICOs) and report back to the government by the end of this year. The move comes as authorities cast a sharper eye on new such crowdfunding methods, which has let digi...

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Goldman Sachs, Wells Fargo and others invest $38 million in research tech startup

NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N) has led a $38 million investment round by large banks in Visible Alpha, a young New York-based company that helps investment managers better value the equity research services they receive from brokers. Wells Fargo & Co (WFC.N), Banco Santander...

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Ransomware

What Is Ransomware? Ransomware is a special type of malware that is actively spreading across the Internet today, threatening to destroy victim’s documents and other files. Malware is software--a computer program--used to perform malicious actions. While ransomware is just one of many differen...

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Old hands in South Korea Bitcoin market unfazed by threats of ban

SEOUL/HONG KONG (Reuters) - Threats of a potential cryptocurrency trading ban in South Korea have scared many investors away, but some veterans of the young market are defiant, saying restrictions would be relatively easy to circumvent. Although the cryptocurrency market lost about $200 billion this...

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Intel: Problem in patches for Spectre, Meltdown extends to newer chips

(Reuters) - Data center computers with Intel Corp’s (INTC.O) newer chips might reboot more often than normal because of problems with the patches issued to fix the so-called Spectre and Meltdown security flaws, the company said on Wednesday. Intel confirmed that patches for the security flaws ...

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Verizon says new U.S. tax law to increase fourth-quarter earnings

NEW YORK (Reuters) - Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion. The reduction will increase earnings for the fourth...

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Verizon says new U.S. tax law to increase 4th-qtr earnings

NEW YORK (Reuters) - Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion. The reduction will increase earnings for the fourth...

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Verizon says new tax law to increase fourth-quarter earnings

NEW YORK (Reuters) - Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion. The reduction will increase earnings for the fourth...

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Apple plans new U.S. campus, to pay $38 billion in foreign cash taxes

(Reuters) - Apple Inc (AAPL.O) will open a new campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Don...

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Regulatory fears hammer bitcoin below $10,000, half its peak

LONDON/TOKYO (Reuters) - Bitcoin fell as much as 20 percent on Wednesday, piercing below $10,000, while other cryptocurrencies took similar spills due to investor fears that regulators could clamp down on them in an effort to curb speculation. The world’s biggest and best-known cryptocurrency ...

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Apple plans second U.S. campus, to pay $38 billion in foreign cash taxes

(Reuters) - Apple Inc (AAPL.O) will open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. Presi...

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Tom Siebel's billion-dollar software firm raises $100 million

SAN FRANCISCO (Reuters) - C3 IoT, a software company founded and run by longtime Silicon Valley executive Thomas Siebel that helps companies collect and analyze data, has raised another $100 million in a new funding backed by TPG Growth, the company said on Wednesday. The valuation of C3 IoT was not...

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FTC investigating Broadcom for antitrust practices

(Reuters) - The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, the company said on Wednesday. The company was recently issued subpoenas that seek an extensive amount of information, according...

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Facebook widens probe into alleged Russian meddling in Brexit

SAN FRANCISCO (Reuters) - Facebook Inc (FB.O) said on Wednesday it would conduct a new, comprehensive search of its records for possible propaganda that Russian operatives may have spread during the run-up to Britain’s 2016 referendum on EU membership. Some British lawmakers had complained tha...

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Some Basic Rules for Securing Your IoT Stuff

Most readers here have likely heard or read various prognostications about the impending doom from the proliferation of poorly-secured “Internet of Things” or IoT devices. Loosely defined as any gadget or gizmo that connects to the Internet but which most consumers probably wouldn’...

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Some Basic Rules for Securing Your IoT Stuff

Most readers here have likely heard or read various prognostications about the impending doom from the proliferation of poorly-secured “Internet of Things” or IoT devices. Loosely defined as any gadget or gizmo that connects to the Internet but which most consumers probably wouldn’...

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FTC probing Broadcom for antitrust practices: source

(Reuters) - The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, according to a person familiar with the matter. The Wall Street Journal was the first to report the probe on Wednesday. The comp...

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