Security News

October 17, 2019

Samsung says will soon patch Galaxy S10 fingerprint recognition problem

This post was originally published on this siteSamsung Electronics Co Ltd said on Thursday it will soon roll out a software patch to fix problems with fingerprint recognition on its flagship Galaxy S10 smartphone.
October 17, 2019

Chipmaker TSMC raises capex by up to $5 billion, sees fourth-quarter sales jump on smartphones

This post was originally published on this siteApple Inc supplier TSMC raised its 2019 capital spending plan by up to $5 billion on Thursday and forecast a nearly 10% rise in fourth-quarter revenue on strong demand for faster mobile chips and new high-end smartphones.
October 17, 2019

Tesla gets approval to start manufacturing in China

This post was originally published on this siteTesla Inc was added to a government list of approved automotive manufacturers, China’s industry ministry said on Thursday, as it granted the electric-vehicle maker a certificate it needs to start production in the country.
October 17, 2019

Fortress extends tender offer period for Japan’s Unizo until November 1

This post was originally published on this siteSoftBank Group’s Fortress Group said on Thursday it would extend its tender-offer period for Japanese hotel operator Unizo Holdings, which is also an acquisition target of Blackstone Group but at a higher price, until Nov. 1.
October 17, 2019

Samsung to patch Galaxy S10 fingerprint problem

This post was originally published on this siteSamsung Electronics Co Ltd will roll out a software patch to fix problems with its flagship Galaxy S10 smartphone’s fingerprint recognition, the South Korean tech giant said on Thursday.
October 17, 2019

LG Chem sees electric vehicles accounting for 15% of all car sales in 2024

This post was originally published on this siteSouth Korea’s LG Chem, one of the leading electric vehicle (EV) battery makers, expects global sales of EVs to grow more than five-fold from 2018 levels to account for about 15% of global vehicle sales in 2024, it said on Thursday.
October 17, 2019

Exclusive: WeWork owner creates committee to decide on financing lifeline

This post was originally published on this siteWeWork owner, The We Company, has formed a special board committee to consider proposals for a $5 billion financing lifeline from its largest shareholder SoftBank Group Corp and its main lender JPMorgan Chase & Co , four people familiar with the matter said on Wednesday.
October 17, 2019

TSMC third-quarter profit rises 13.5%, beats market forecasts

This post was originally published on this siteTaiwan Semiconductor Manufacturing Co Ltd (TSMC) reported a 13.5% rise in third quarter profit on Thursday, its strongest growth since 2017, as robust demand for 5G chips boosted sales despite fears of a global tech slowdown.
October 17, 2019

‘Panama Papers’ law firm sues Netflix over film based on scandal

This post was originally published on this siteMossack Fonseca, a Panamanian law firm at the center of the “Panama Papers” scandal, has filed a lawsuit against Netflix Inc over its new movie based on the case, accusing the video streaming company of defamation and seeking to stop the film’s release.
October 16, 2019

When Card Shops Play Dirty, Consumers Win

This post was originally published on this siteCybercrime forums have been abuzz this week over news that BriansClub — one of the underground’s largest shops for stolen credit and debit cards — has been hacked, and its inventory of 26 million cards shared with security contacts in the banking industry. Now it appears this brazen heist may have been the result of one of BriansClub’s longtime competitors trying to knock out a rival. And advertisement for BriansClub that for years has used my name and likeness to peddle stolen cards. Last month, KrebsOnSecurity was contacted by an anonymous source who […]
October 16, 2019

Exclusive: WeWork owner creates committee to decide on financing lifeline – sources

This post was originally published on this siteWeWork owner, The We Company, has formed a special board committee to consider proposals for a $5 billion financing lifeline from its largest shareholder SoftBank Group Corp and its main lender JPMorgan Chase & Co , four people familiar with the matter said on Wednesday.
October 16, 2019

Southeast Asia’s mobile payments face shakeout as market booms

This post was originally published on this siteJust next to Ho Chi Minh City’s financial district, two dozen street vendors’ stalls display colorful adverts for e-wallets backed by private equity firm Warburg Pincus, ride-hailing firm Grab and Singapore sovereign wealth fund GIC, among others.
October 16, 2019

IBM revenue misses on weakness in its biggest unit; shares fall 5%

This post was originally published on this siteInternational Business Machines Corp missed Wall Street estimates for quarterly revenue on Wednesday, as its global technology services unit was hit by weakness in some European markets, sending its shares down 5% in extended trading.
October 16, 2019

Ex-Cisco engineers raise $278 million for startup

This post was originally published on this siteA cloud startup founded by a group of four ex-Cisco Systems Inc engineers said on Wednesday it has raised $278 million to fund products that aim to help the data centers of customers like investment banks function more like those of cloud computing providers.
October 16, 2019

Netflix shares jump as subscribers grow ahead of Disney, Apple attack

This post was originally published on this siteNetflix Inc added slightly more paying subscribers than Wall Street expected in the third quarter, a relief to investors who had worried the company might fall short just as Disney and others prepare to ramp up the streaming video wars.
October 16, 2019

IBM quarterly revenue misses, shares fall

This post was originally published on this siteInternational Business Machines Corp missed analysts’ estimates for third-quarter revenue on Wednesday, overshadowing a profit beat and sending its shares down 3% in extended trading.
October 16, 2019

Netflix adds more-than-expected subscribers in third quarter

This post was originally published on this siteNetflix Inc added more-than-expected paid subscribers in the third quarter, boosted by the launch of new seasons of “Stranger Things” and “13 Reasons Why”, sending its shares up 5% in trading after the bell.
October 16, 2019

IBM beats profit estimates on cloud-computing growth

This post was originally published on this siteInternational Business Machines Corp beat analysts’ estimates for third-quarter profit on Wednesday, benefiting from growth in its high-margin cloud-computing business.
October 16, 2019

Facebook’s Libra faces ‘core’ legal, regulatory challenges: Brainard

This post was originally published on this siteU.S. Federal Reserve Governor Lael Brainard said on Wednesday that Facebook’s efforts to launch a Libra cryptocurrency must overcome a “core set of legal and regulatory challenges” before facilitating a single payment.
October 16, 2019

Facebook’s Libra facing ‘core’ legal, regulatory challenges before launch

This post was originally published on this siteU.S. Federal Reserve Governor Lael Brainard said Wednesday that Facebook’s efforts to launch a Libra cryptocurrency must overcome a “core set of legal and regulatory challenges” before facilitating a single payment.
October 16, 2019

Let’s do it together: Huawei seeks to allay EU concerns with appeal for 5G partnership

This post was originally published on this siteChinese telecoms manufacturer Huawei Technologies [HWT.UL] sought on Wednesday to assuage European concerns that it is a cyber security risk, saying it wants to help make the continent a world leader in next generation mobile networks.
October 16, 2019

FCC approves merger of T-Mobile, Sprint on vote split on party lines: sources

This post was originally published on this siteT-Mobile US Inc’s proposed $26.5 billion tie-up with Sprint Corp won formal approval from the Federal Communications Commission on Wednesday in a vote split along party lines, two sources told Reuters.
October 16, 2019

FCC approves merger of T-Mobile, Sprint on vote split on party lines

This post was originally published on this siteT-Mobile US Inc’s proposed $26.5 billion tie-up with Sprint Corp won formal approval from the Federal Communications Commission on Wednesday in a vote split along party lines, two sources told Reuters.
October 16, 2019

China’s Didi Chuxing deepens Latam push with plans to launch in Costa Rica

This post was originally published on this siteChinese ride-hailing giant Didi Chuxing is preparing to launch in Costa Rica, marking its first expansion into Central America, according to a job posting viewed by Reuters.
October 16, 2019

Facebook executive confident Libra will win enough financial backers

This post was originally published on this siteFacebook Inc , whose digital currency project Libra has been abandoned by several high-profile partners including PayPal, Visa and Mastercard, still expects to get 100 banks and financial firms on board once it addresses regulatory concerns, the head of the project said on Wednesday.