WASHINGTON (Reuters) - The U.S. Justice Department on Thursday said law enforcement would shut down the dark web marketplace AlphaBay, saying it allowed thousands of vendors to sell illegal drugs. AlphaBay mysteriously went offline earlier this month. It was widely considered the biggest online blac...
(Reuters) - Sears Holdings Corp's shares soared 20 percent after the struggling retailer said it would sell its Kenmore home appliances on Amazon.com and integrate the brand's smart gadgets with the online giant's Alexa digital assistant. The deal will expand the distribution reach of Kenmore produc...
BEIJING (Reuters) - A Chinese telecoms carrier said it had begun closing virtual private networks (VPNs) and other tools that can bypass the so-called Great Firewall, which state authorities use to filter and block traffic between Chinese and overseas servers. A spokesman for Guangzhou Huoyun Inform...
MOSCOW (Reuters) - Moscow and Washington are in talks to create a joint cyber security working group, RIA news agency reported on Thursday, citing Russia's special envoy on cyber security Andrey Krutskikh. Russia said last week that Donald Trump and Vladimir Putin had discussed forming a group on cy...
COPENHAGEN (Reuters) - A.P. Moller-Maersk (MAERSKb.CO) said on Thursday its anti-virus software was not effective against a new type of malware that hit the Danish shipping giant last month, but said further protective measures have now been put in place. "This virus attack was a previously unseen t...
TORONTO (Reuters) - BlackBerry Ltd said on Thursday it has won the right to sell tools for encrypting phone calls and text messages to the U.S. federal government, garnering an endorsement from the National Security Agency for the products. The company said it received the endorsement from the NSA's...
BEIJING (Reuters) - China unveiled a national artificial intelligence (AI) development plan on Thursday, and said it expects the value of its core AI industries to exceed 150 billion yuan by 2020 and 400 billion yuan ($59.07 billion) by 2025. China will look to be an international leader in AI techn...
PARIS (Reuters) - France's fast-growing fintech sector is optimistic the country's dynamic new president will push it up the global rankings. But startups based in London do not yet seem ready to swap that key hub for Paris, even if they have French roots. The nascent industry, ranging from mobile p...
PARIS (Reuters) - French payments specialist Ingenico is to buy rival Bambora from Nordic Capital for 1.5 billion euros ($1.7 billion), in the latest takeover deal to sweep the payments sector. The acquisition of Stockholm-headquartered Bambora, which had gross revenues of 202 million euros in 2016,...
FRANKFURT (Reuters) - SAP, Europe's most valuable technology firm, posted rapid growth in its cloud services business in both revenue as well as expenses, putting a damper on its quarterly operating profit, which came in slightly below expectations. The German company reported revenue for the second...
NEW YORK (Reuters) - Amazon.com Inc (AMZN.O) has launched a social feature called Spark that allows members to showcase and purchase products on its platforms, the retail giant's first clear move into the world of social media. Spark, which is currently only available for Amazon's premium paying Pri...
(Reuters) - T-Mobile US Inc's quarterly results topped analysts' estimates as the No. 3 U.S. wireless carrier on Wednesday reported more phone subscribers who pay a monthly bill and record low customer dropout rate. T-Mobile has been gaining share from larger competitors AT&T Inc and Verizon Com...
(Reuters) - Qualcomm Inc (QCOM.O) reported a 40 percent slump in quarterly profit as its escalating patent battle with Apple Inc (AAPL.O) took a toll on its business. Shares of the company were down 2.3 percent at $55.40 after the bell on Wednesday. The chipmaker said its results took a hit as Apple...
LUXEMBOURG (Reuters) - The Court of Justice of the European Union (ECJ) heard arguments on Wednesday over whether to allow a class action suit against Facebook, brought by Austrian privacy activist Max Schrems - and about 25,000 other users across the globe. Schrems is claiming 500 euros ($576) in d...
WASHINGTON (Reuters) - The new head of a U.S. banking regulatory agency on Wednesday defended his predecessor's efforts to explore granting special federal charters to startup online lenders. The Office of the Comptroller of the Currency (OCC) has been facing pressure from state regulators ever sinc...
WASHINGTON (Reuters) - A U.S. House panel on Wednesday approved a sweeping proposal by voice vote to allow automakers to deploy up to 100,000 self-driving vehicles without meeting existing auto safety standards and bar states from imposing driverless car rules. Representative Robert Latta, a Republi...
(Reuters) - Tesla Inc (TSLA.O) said SolarCity co-founder Peter Rive is leaving the company, eight months after the electric car maker bought the biggest U.S. residential solar panel maker. SolarCity was founded by Peter Rive and his younger brother Lyndon in 2006 with financial backing from their co...
(Reuters) - Facebook Inc plans to launch a subscription-based news product, and will begin initial tests in October, TheStreet reported on Tuesday, citing the social media company's news partnerships head Campbell Brown at a conference. The feature is likely to allow publishers to create a paywall o...
PRAGUE (Reuters) - A Czech regional court on Wednesday reinstated its ban preventing ride-hailing service Uber from operating in Brno, the country's second-largest city, the court spokeswoman said. The court had already issued an injunction in April after the Brno city council argued Uber drivers sh...
PARIS (Reuters) - EU judges will have to decide whether Google has to remove certain web search results globally to comply with a previous privacy ruling, after France's supreme administrative court referred the issue to the top EU court on Wednesday. Google has gone head-to-head with the French dat...
LONDON (Reuters) - The Bank of England has widened access to Britain's interbank payments system to increase competition from new fintech firms in the financial system, where the "Big Four" high street banks have long dominated. The BoE flagged the plans in May and on Wednesday published a detailed ...
(Reuters) - Comcast Corp's (CMCSA.O) NBC News is launching a twice-per-day news show on Snapchat, the company said on Wednesday, part of its push to attract younger viewers who tend to watch TV on mobile devices. Comcast's NBCUniversal invested $500 million in Snapchat owner Snap Inc (SNAP.N) during...
(Reuters) - iPhone chip supplier Qualcomm Inc faces a fresh set of antitrust allegations from a group of four companies that assemble the iPhone and other products on behalf of Apple Inc. Foxconn parent Hon Hai Precision Industry Co, Wistron Corp, Compal Electronics Inc and Pegatron Corp alleged tha...
SAN FRANCISCO (Reuters) - Google on Wednesday announced an overhaul of its search app on mobile phones to include a personalized feed of links about hobbies, travel, sports and other topics, a move that puts the search company into more direct competition with social networks such as Facebook. Googl...
TOKYO (Reuters) - Toshiba Corp said it resumed blocking access by Western Digital Corp to data at their memory chip joint venture, amid a feud over the Japanese company's planned auction of the chip business. Toshiba is counting on the sale of the chip business to cover billions of dollars in cost o...
(Reuters) - General Motors Co (GM.N) and Japan's Softbank Group Corp (9984.T) are among the latest investors in Nauto, a Silicon Valley startup developing software for self-driving vehicles. Nauto, based in Palo Alto, said on Tuesday it closed a $159 million Series B funding round, led by Softbank a...
SAN FRANCISCO (Reuters) - Amazon.com Inc (AMZN.O) has done away with a controversial clause in its cloud computing contracts that prohibited customers from suing the company over patent infringement, according to an updated version of the Amazon Web Services customer agreement released on Thursday. ...
WASHINGTON (Reuters) - Facebook Inc (FB.O), Alphabet Inc's Google (GOOGL.O), Apple Inc (AAPL.O) and other major technology firms are largely absent from a debate over the renewal of a broad U.S. internet surveillance law, weakening prospects for privacy reforms that would further protect customer da...
(Reuters) - International Business Machines Corp (IBM.N) reported a 4.7 percent decline in quarterly revenue on Tuesday, hurt largely by weak demand in its technology services business. The company's net income fell to $2.33 billion, or $2.48 per share in the second quarter ended June 30, from $2.50...
TOKYO (Reuters) - Western Digital Corp's top executive is in Japan to meet government officials, aiming to resolve a dispute with Toshiba Corp over the Japanese company's planned sale of its chip business, sources familiar with the matter said on Tuesday. Toshiba is scrambling to sell its flash memo...
