Criticism of Equifax's data breach response mounts, shares tumble

(Reuters) - Equifax Inc (EFX.N) shares tumbled as much as 18 percent on Friday as cyber security experts and customers criticized the consumer credit score provider’s response to a hack that may have stolen personal details of up to 143 million Americans. The hack, among the largest ever recor...

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Russia to regulate Bitcoin market: finance minister

MOSCOW (Reuters) - Russia’s finance ministry wants to regulate the circulation of crypto-currencies involving Russian citizens and firms, Finance Minister Anton Siluanov said on Friday. Russian financial authorities initially treated any sort of money issued by non-state approved institutions ...

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Equifax shares slump after massive data breach

(Reuters) - Equifax Inc’s shares tumbled 18 percent on Friday after the provider of consumer credit scores revealed that hackers may have stolen personal details of nearly half of the American adult population in one of the largest data breaches. Equifax said on Thursday it discovered the brea...

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Equifax slumps after data breach likely hit 143 million consumers

(Reuters) - Shares of Equifax Inc tumbled 13 percent on Friday after the provider of consumer credit scores revealed that personal details of as many as 143 million Americans were likely accessed in one of the largest data breaches in the United States. The cyber attack comes nearly two years after ...

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FBI probing if Uber used software to interfere with rivals: WSJ

(Reuters) - The Federal Bureau of Investigation is probing to see if Uber Technologies Inc [UBER.UL] had used software to illegally interfere with its competitors, the Wall Street Journal reported on Friday. The investigation is focusing on an Uber program, internally known as “Hell,” th...

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Uber to stop using diesel cars in London by end 2019

LONDON (Reuters) - Uber [UBER.UL] will cease using diesel cars in London by the end of 2019 and the vast majority of rides will be in electric or hybrid vehicles by then, the taxi app said on Friday. At the moment the company says around half of all the journey miles completed in the British capital...

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Three vehicles torched in long-running South African taxi war

JOHANNESBURG (Reuters) - One Uber vehicle and two other taxis were torched in South Africa’s main business district on Thursday night in a feud over fares, but no one was injured, Uber and police said on Friday. The vehicles were set alight in the wealthy Sandton district near the Gautrain sta...

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German competition watchdog to announce Facebook findings by year-end

FLORENCE (Reuters) - The initial findings of Germany’s investigation of U.S. social network company Facebook over possible market abuse will be announced by the end of the year, the country’s cartel office said on Friday. The competition watchdog’s investigation, which kicked off i...

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Chinese online insurer ZhongAn wins HK approval for $1 billion IPO: sources

HONG KONG (Reuters) - ZhongAn Online Property and Casualty Insurance Co Ltd, China’s first internet-only insurer, secured Hong Kong stock exchange approval for its planned initial public offering which could raise more than $1 billion, sources with direct knowledge of the deal said on Friday. ...

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U.S. may need new law to address Russian ad buys on Facebook: senator

WASHINGTON/SAN FRANCISCO (Reuters) - U.S. legislation may be needed to require social media companies to disclose more about how their platforms are used for political advertising, a senior Democratic lawmaker said on Thursday, after new signs of Russian efforts to influence the 2016 election. Faceb...

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Google says it has no evidence of Russian ads about U.S. election

SAN FRANCISCO (Reuters) - Search engine Google said on Thursday it had seen no evidence on its advertising platforms of the kind of suspected Russian propaganda campaign that Facebook Inc (FB.O) says appeared on its network before and after last year’s U.S. presidential election. “We&rsq...

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Amazon opens bidding to cities for $5 billion 'HQ2', a second headquarters

(Reuters) - Amazon.com Inc (AMZN.O) said on Thursday it would build a $5 billion second headquarters in North America, kicking off a competition between cities and states to offer tax cuts and incentives that could bring 50,000 new jobs. The largest e-commerce company said it intended to create &ldq...

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Toronto vies for site of second Amazon headquarters

TORONTO (Reuters) - The mayor of Toronto said on Thursday that Canada’s largest city was working to make sure it has an attractive bid for Amazon.com Inc’s second headquarters. Earlier on Thursday, Amazon, the world’s largest e-commerce company, announced a $5 billion expansion pla...

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Apple's new iPhone could face supply shortfalls after launch: WSJ

(Reuters) - Apple Inc’s (AAPL.O) new iPhone had hit production glitches early in its manufacturing process and could lead to supply shortfalls and shipping delays following its launch next week, the Wall Street Journal reported on Thursday. The company’s shares were down 0.5 percent at $...

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ECB's Draghi rejects Estonia's virtual currency idea

FRANKFURT (Reuters) - The European Central Bank’s president criticized on Thursday a proposal by the Estonian government to launch a state-managed digital currency, reaffirming instead that the euro was the only valid money in the euro area. A rise in popularity in so called cryptocurrencies, ...

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Spotify, Hulu target students with discounted bundle

(Reuters) - U.S. college students can buy Spotify Premium music streaming and Hulu TV streaming for a combined, deeply discounted $4.99 per month, in a new student subscription bundle the companies announced on Thursday to lure younger consumers. The entertainment bundle, $13 cheaper than the regula...

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Amazon scouts for second headquarters with $5 billion price tag

(Reuters) - Amazon.com Inc (AMZN.O) said on Thursday it was searching for a location to build its second headquarters in North America that would cost more than $5 billion and house up to 50,000 staff. The e-commerce company, which is headquartered in Seattle, said it was seeking proposals from loca...

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GoPro expects adjusted profitability in third quarter; shares jump

(Reuters) - Action camera maker GoPro Inc (GPRO.O) said on Thursday it expects to be profitable on an adjusted basis in the third quarter, ahead of the holiday season launch of its newest cameras, sending its shares up 17 percent. The company’s body-mounted point-of-view cameras have a huge fo...

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Lyft to offer rides in self-driving cars in San Francisco area

SAN FRANCISCO (Reuters) - A self-driving car will soon be one ride option available from Lyft in the San Francisco Bay Area, as the ride-services company ramps up its efforts to become a serious player in autonomous vehicle technology. Lyft said on Thursday that self-driving cars will soon be dispat...

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GoPro expects to post adjusted profit in third-quarter; shares jump

(Reuters) - Wearable camera maker GoPro Inc (GPRO.O) said on Thursday it expects to be profitable on an adjusted basis in the third quarter, sending its shares up 17 percent. The company said it expects current-quarter revenue and gross margins to be at the high end of its forecast of $290 million t...

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Cyber alert: EU ministers test responses in first computer war game

TALLINN (Reuters) - European Union defense ministers tested their ability to respond to a potential attack by computer hackers in their first cyber war game on Thursday, based on a simulated attack on one of the bloc’s military missions abroad. In the simulation, hackers sabotaged the EU&rsquo...

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China e-car venture Future Mobility names brand Byton, eyes U.S., Europe

SHANGHAI (Reuters) - Chinese electric-car venture Future Mobility Corp, co-founded by former BMW and Nissan Motor executives, has named its brand “Byton” that it plans to launch in the United States and Europe soon after starting sales at home in 2019. Future Mobility, which recently rai...

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Amazon plans $5 billion second headquarters in North America

(Reuters) - Amazon.com Inc (AMZN.O) said on Thursday it plans to open another headquarters in North America and spend more than $5 billion for its construction and operation. The e-commerce company, currently based in Seattle, said it was yet to zero in on a location, but expects to expand the new h...

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GoPro expects to post adjusted profit in third-quarter

(Reuters) - Wearable camera maker GoPro Inc (GPRO.O) said on Thursday it expects to be profitable on an adjusted basis in the third quarter. The company said it expects current-quarter revenue to be at the high end of its forecast of $290 million-$310 million, driven by the strong demand for Hero 6 ...

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Hotel Tonight faces off with Expedia, Priceline with advanced bookings

SAN FRANCISCO (Reuters) - Startup company Hotel Tonight, betting that superior mobile technology will give it an edge, is expanding its hotel-booking offerings and going toe-to-toe with the big online travel companies. Hotel Tonight early next month will allow users to reserve a hotel up to 100 days...

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Ex-bank manager to face charges in Philippines for cyber heist, others cleared

MANILA (Reuters) - Philippine prosecutors have recommended the filing of charges against a former bank manager for her part in laundering of tens of millions of dollars stolen from Bangladesh’s central bank last year but cleared two casino agents and a remittance firm. A Department of Justice ...

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All new Jaguar Land Rover cars to have electric option from 2020

LONDON (Reuters) - All new Jaguar Land Rover cars will be available in an electric or hybrid version from 2020, Britain’s biggest carmaker said on Thursday, as it speeds up plans to electrify its model range. Last year, the company, owned by India’s Tata Motors (TAMO.NS), said it would o...

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Critical alert: EU ministers test responses in cyber war game

TALLINN (Reuters) - European Union defense ministers will hold a cyber war game for the first time on Thursday to test their ability to respond to a potential attack by computer hackers on one of the bloc’s military missions abroad. In a fictional scenario, the EU’s naval mission in the ...

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Chinese logistics firm Best, backed by Alibaba, launches $932 million U.S. IPO

HONG KONG (Reuters) - Best Inc, a Chinese logistics company backed by Alibaba Group, has launched an up to $932 million initial public offering, seeking funds to expand its logistics and supply chain network, develop new technology and open more of its convenience stores. The Hangzhou-based company ...

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Western Digital in talks for stake in Toshiba chip unit after an IPO: Kyodo

TOKYO (Reuters) - Western Digital Corp (WDC.O) is in talks to gain voting rights of just under 16 percent in Toshiba Corp’s (6502.T) memory chip unit on the assumption that it will be listed in the future, Kyodo news agency reported on Thursday. Kyodo did not cite sources or say who the U.S. f...

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