Nvidia patch release adds to scope of Spectre worries

(Reuters) - Graphics specialist Nvidia Corp was the latest chipmaker to say its equipment was vulnerable to the Spectre security threat, broadening the scope of concern for millions of computers beyond their central processors. Spectre is one of two chipset flaws, the other dubbed Meltdown, revealed...

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Buffett says he will never invest in cryptocurrencies

(Reuters) - Berkshire Hathaway’s Warren Buffett said on Wednesday he will never invest in cryptocurrencies. “I can say almost with certainty that cryptocurrencies will come to a bad end,” Buffett told CNBC in an interview. Buffett’s comments come a day after JPMorgan & Ch...

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Nvidia releases software patches for Spectre flaw

(Reuters) - Nvidia Corp became the latest chipmaker to release software patches for the Spectre microchip security threat, indicating that the chipset flaw was affecting graphic processors as well as CPUs. Security researchers last week disclosed the chipset flaws, dubbed Meltdown and Spectre, that ...

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Senator wants Apple to answer questions on slowing iPhones

WASHINGTON (Reuters) - The chairman of a U.S. Senate committee overseeing business issues asked Apple Inc to answer questions about its disclosure that it slowed older iPhones with flagging batteries, according to a letter seen by Reuters on Wednesday. The California-based company apologized over th...

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Cloud companies consider Intel rivals after security flaws found

SAN FRANCISCO (Reuters) - Some of Intel Corp’s (INTC.O) data center customers, whose thousands of computers run cloud networks, are exploring using microchips from the market leader’s rivals to build new infrastructure after the discovery of security flaws affecting most chips. Whether I...

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Jimmy Iovine says not leaving Apple: Variety

(Reuters) - Music mogul Jimmy Iovine is committed to staying at Apple Inc’s music streaming service, according to a report by Variety on Tuesday. "I am committed to doing whatever Eddy [Cue], Tim [Cook] and Apple need me to do, to help wherever and however I can, to take this all the way," Iov...

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Britain fines Carphone Warehouse 400,000 pounds over data breach

LONDON (Reuters) - Britain’s information regulator said on Wednesday it had fined Carphone Warehouse 400,000 pounds ($539,400) after a 2015 cyber attack exposed the personal data of more than 3 million customers. The Information Commissioner said the fine was one of the biggest it had issued a...

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Lenovo to make $400 million one-off charge on U.S. tax reforms

HONG KONG (Reuters) - Lenovo Group Ltd said on Wednesday it expected to make a one-off charge of $400 million for nine months ended in December due to a reassessment of U.S. deferred tax assets. The adjustment to be reflected in the financial results is of a non-cash nature, and the company does not...

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Democrats vow to force vote on net neutrality

WASHINGTON (Reuters) - U.S. Senate Democrats said on Tuesday they will force a vote later this year on the U.S. Federal Communications Commission’s reversal of landmark Obama administration net neutrality rules and will try to make it a key issue in the 2018 congressional elections. Senate Dem...

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Road to bitcoin ETF paved with red tape

NEW YORK (Reuters) - The going is getting tough for U.S. companies hoping to win the race to bring a bitcoin exchange-traded fund to market. Bitcoin’s 1,500 percent surge last year has stoked investor demand for any product with exposure to the red-hot asset. A host of companies are jostling t...

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Uber reaches $3 million settlement with New York drivers over fees

(Reuters) - Uber Technologies Inc [UBER.UL] agreed to pay up to $3 million to settle a proposed class-action lawsuit brought on behalf of 2,421 drivers in New York who accused the ride-sharing company of docking excessive fees from their fares. A preliminary settlement was filed on Monday with the f...

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Eastman Kodak unveils cryptocurrency, stock doubles

SAN FRANCISCO (Reuters) - Shares of Eastman Kodak Co (KODK.N) more than doubled on Tuesday after the one-time leader in photography became the latest company to jump on the cryptocurrency bandwagon. The storied Rochester, New York-based company said in a statement it is launching a cryptocurrency ca...

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Microsoft says security patches slowing down PCs, servers

(Reuters) - Microsoft Corp said on Tuesday the patches released to guard against Meltdown and Spectre security threats slowed down some personal computers and servers, with systems running on older Intel Corp processors seeing a noticeable decrease in performance. The security updates also froze som...

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Tesla says solar roof production has started in Buffalo

(Reuters) - Tesla Inc said on Tuesday it began manufacturing its premium solar roof tiles at the company’s Buffalo, New York factory last month and has started surveying the homes of customers who made a deposit of $1,000 to reserve the product last year. The solar roof, which generates electr...

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Democrats vow to force vote on net neutrality, make it a campaign issue

WASHINGTON (Reuters) - U.S. Senate Democrats said on Tuesday they will force a vote later this year on the U.S. Federal Communications Commission’s reversal of landmark Obama administration net neutrality rules and will try to make it a key issue in the 2018 congressional elections. Senate Dem...

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Eastman Kodak unveils cryptocurrency, stock soars

SAN FRANCISCO (Reuters) - Shares of Eastman Kodak Co (KODK.N) surged over 40 percent on Tuesday after the one-time leader in photography became the latest company to jump on the cryptocurrency bandwagon. The storied Rochester, New York-based company said in a statement it is launching a cryptocurren...

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Drahi hits Altice reset button to court wary investors

PARIS/NEW YORK (Reuters) - Altice founder Patrick Drahi is reshaping his telecoms and cable group for the second time in as many months by splitting its U.S. and European operations, hoping to end a drastic downward share-price spiral. Heavily indebted Altice (ATCA.AS) said it would spin off its U.S...

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Ford wants to wire cities to ease congestion

LAS VEGAS (Reuters) - Ford Motor Co (F.N) plans to offer cities networks and technology to smooth the flow of goods and people as ride hailing and automated delivery services are making congestion worse, the U.S. automaker’s top executives said on Tuesday. In addresses at the CES technology sh...

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Ford taps Postmates for edge in self-driving delivery race

Las Vegas (Reuters) - Ford Motor Co on Tuesday said it will partner with delivery service Postmates Inc as the automaker starts testing ways to transport people, food and packages using its self-driving cars in a U.S. city during the first quarter. Ford’s plans challenge the ambitions of ride ...

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FBI chief calls unbreakable encryption 'urgent public safety issue'

NEW YORK (Reuters) - The inability of law enforcement authorities to access data from electronic devices due to powerful encryption is an “urgent public safety issue,” FBI Director Christopher Wray said on Tuesday in remarks that sought to renew a contentious debate over privacy and secu...

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FBI director calls unbreakable encryption 'urgent public safety issue'

NEW YORK (Reuters) - Law enforcement’s inability to access electronic devices due to powerful encryption is an “urgent public safety issue,” FBI Director Christopher Wray said on Tuesday, in remarks that sought to rekindle a contentious debate over privacy and security. Technology ...

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Apple store in Zurich evacuated as phone battery overheats

ZURICH (Reuters) - An overheated iPhone battery injured a repairman in an Apple store in Zurich and prompted the evacuation of around 50 people from the shop on Tuesday due to smoke, Swiss police said. Zurich police said the incident occurred as the repair worker was removing the battery, which over...

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Microsoft halts some AMD chip Meltdown patches after PCs freeze

FRANKFURT (Reuters) - Microsoft Corp said on Tuesday it had suspended patches to guard against Meltdown and Spectre security threats for computers running AMD chipsets after complaints by AMD customers that the software updates froze their machines. Microsoft said in a support blog that it was worki...

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JPMorgan's Dimon regrets calling bitcoin a 'fraud': Fox

(Reuters) - JPMorgan Chief Executive Jamie Dimon regrets calling bitcoin a ‘fraud’ but added that he still is not interested in the cryptocurrency at all, he said in an interview on Fox Business on Tuesday. Dimon had called bitcoin a fraud at a bank investor conference in New York in Sep...

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Samsung profit guidance disappoints, memory outlook cloudy

SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) said it would likely rake in a record fourth-quarter profit but the guidance fell short of consensus estimate, spooking investors already worried that a memory chip boom could be ending sooner rather than later. Shares of Samsung fell almost 4...

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Huawei's global ambitions hit by AT&T phone distribution deal's collapse

HONG KONG (Reuters) - Huawei Technologies Co Ltd’s [HWT.UL] planned deal with U.S. carrier AT&T Inc to sell its smartphones in the United States has collapsed at the eleventh hour, people with knowledge of the matter said, in a blow to the Chinese firm’s global ambitions. A separate ...

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China's Huawei hit by last minute collapse of AT&T phone distribution deal

HONG KONG (Reuters) - A deal under which U.S. carrier AT&T Inc was to have sold smartphones made by Huawei Technologies Co Ltd [HWT.UL] has collapsed at the eleventh hour, people with knowledge of the matter said, in a major setback for the Chinese firm’s global ambitions. A separate perso...

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Intel says Mobileye's autonomous driving tech to be used in two million vehicles

(Reuters) - Intel Corp (INTC.O) Chief Executive Brian Krzanich said on Monday 2 million vehicles from BMW (BMWG.DE), Nissan Motor Co Ltd (7201.T) and Volkswagen AG (VOWG_p.DE) would use its unit Mobileye’s autonomous vehicle technology to crowdsource data for building maps that enable autonomo...

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Samsung Electronics unveils driverless car parts, infotainment platform

(Reuters) - Samsung Electronics Co Ltd (005930.KS) unveiled its first set of components for autonomous driving and infotainment solutions developed with Harman International, which it bought about a year ago in a major push into the auto electronics market. The automotive industry is one of the fast...

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Alibaba founder says will "seriously consider" HK listing

SHANGHAI (Reuters) - Alibaba Group Holding Ltd will “seriously consider” listing in Hong Kong, founder Jack Ma said, in response to an invitation from the financial hub’s leader asking the company to consider doing so. Ma made the comments at an event in Hong Kong on Monday, an Ali...

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