Virtual company may raise $200 million, largest in crowdfunding

A virtual company created using a computer code could raise $200 million when it ends its fund-raising campaign next week, according to the founder of the firm that wrote the code for the new digital enterprise. The company is called DAO, which stands for Decentralized Autonomous Organization. It is...

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U.S. banks push SWIFT to boost security after hacks: Bloomberg

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo Major U.S. banks are pushing the SWIFT messaging network to boost security following cyber attacks in Bangladesh and Vietnam involving fraudulent transfer requests, Bloomberg New...

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Searching for real growth, U.S. companies turn to virtual reality

People wear Samsung Gear VR devices as they attend the launching ceremony of the new Samsung S7 and S7 edge smartphones during the Mobile World Congress in Barcelona, Spain, February 21, 2016. Reuters/Albert Gea TPX IMAGES OF THE DAY A growing number of U.S. companies are counting on virtual reality...

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Mozilla bid to intervene in U.S. child porn case rejected

A man is seen next to a Firefox logo at a Mozilla stand during the Mobile World Congress in Barcelona, February 28, 2013. Reuters/Albert Gea/Files A federal judge has rejected Mozilla Corp's request to force the U.S. government to disclose a vulnerability related to the Firefox web browser that the ...

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Oracle co-CEO says Google caused Oracle revenue to plummet

Longtime customers dramatically reduced the amount of licensing revenue they paid to use Oracle products after Google stole its copyrighted software to enter the smartphone market, Oracle's co-chief executive Safra Catz told jurors on Tuesday. In a trial at San Francisco federal court, Oracle Corp (...

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Sony to build up AI as key business pillar, invests in U.S. start-up

A logo of Sony Corp is seen outside its headquarters in Tokyo, Japan, January 27, 2016. Picture taken January 27, 2016. Reuters/Yuya Shino Japan's Sony Corp said it plans to build up its artificial intelligence (AI) business and eventually turn it into a major revenue source, beginning with an inves...

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Apple boss Cook to tap Indian software talent during maiden visit

Apple CEO Tim Cook speaks about the Apple TV during an event at Apple headquarters in Cupertino, California March 21, 2016. Reuters/Stephan Lam Apple Inc is set to announce plans to expand its Indian software development center and build an accelerator program for local start-ups, two sources aware ...

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Microsoft says UK staying in EU important for investment

The logo of Dow Jones Industrial Average stock market index listed company Microsoft (MSFT) is seen in Los Angeles, California, United States, April 22, 2016. Reuters/Lucy Nicholson Microsoft said on Tuesday that Britain should stay in the European Union if it wanted to receive more investment, the ...

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Thailand orders halt to Uber, Grab motor bike taxi service

A phone running the Uber application is held above the traffic in central Bangkok December 10, 2014. Reuters/Damir Sagolj/Files Thailand has ordered Uber Technologies UBER.UL and Grab to halt their motorcycle taxi-hailing services, a senior transport official said on Tuesday. The services are popula...

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Vodafone reports underlying earnings growth after European recovery

The Vodafone logo can be seen on top of a building outside Madrid, Spain, April 13, 2016. Reuters/Andrea Comas Vodafone said its earnings growth would accelerate this year after a program to improve its networks boosted demand in Europe and helped the group to return to underlying growth in 2016 rev...

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Failed hack via SWIFT on Vietnam bank tried to send funds to Slovenia: central bank

Vietnam's central bank said on Tuesday a failed hacking attempt on Tien Phong Bank (TPBank) using the SWIFT messaging system sought to fraudulently transfer 1.2 million euros ($1.36 million) to a Slovenian bank late last year in one transaction. The thwarted transfer on Dec. 8 was the only hack atte...

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Taiwan begins review of Chinese Tsinghua's chip stake deals in island

An interface board bearing CPU (silver) and semiconductors (black) is placed on a researcher's desk at Tsinghua Unigroup research centre in Beijing, China, February 29, 2016. Reuters/Kim Kyung-Hoon - RTSDRLW Taiwanese regulators have begun reviewing Chinese state-backed Tsinghua Unigroup's proposals...

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Corvex discloses large Pandora stake, pushes for sale: letter

Corvex Management disclosed on Monday that it owns 9.9 percent of Pandora Media Inc and urged the internet music streaming company to explore a sale. Corvex is run by Keith Meister, a protégé of billionaire activist investor Carl Icahn, and said in the letter to Pandora's board that it...

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Twitter to eliminate photos and links in character count: report

Electronic cables are silhouetted next to the logo of Twitter in this September 23, 2014 illustration photo in Sarajevo. Reuters/Dado Ruvic Twitter Inc users will soon have more flexibility in writing tweets because the company plans to stop including photos and links as part of its 140-character li...

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Twitter appoints BET Networks CEO Debra Lee to board

A portrait of the Twitter logo in Ventura, California December 21, 2013. Reuters/Eric Thayer/Files Twitter Inc said it appointed Debra Lee, the chief executive of Viacom Inc subsidiary BET Networks, to its board, effective immediately. The company also said it appointed Marjorie Scardino as lead ind...

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Oracle co-CEO says it did not buy Sun Micro to sue Google

The Oracle logo is seen on its campus in Redwood City, California June 15, 2015. Reuters/Robert Galbraith - RTX1GN5V Oracle Corp (ORCL.N) did not acquire Sun Microsystems in 2009 in order to launch a copyright lawsuit against Google, but rather to protect its products that relied on Sun's software, ...

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Key plaintiff objects to deal in Uber driver lawsuit

An Uber car is seen parked with the driver's lunch left on the dashboard in Venice, Los Angeles, California, United States July 15, 2015. Reuters/Lucy Nicholson A key plaintiff in a driver class action against Uber said he does not support a proposed settlement in which thousands of drivers would re...

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U.S. top court hands win to Spokeo in class action case

The U.S. Supreme Court building is seen in Washington, March 16, 2016. Reuters/Jim Bourg/Files The U.S. Supreme Court on Monday handed a narrow victory to Spokeo Inc over the online people-search company's bid to avoid a class action lawsuit for including incorrect information in its database. The c...

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Mobileye China sees boom in sales as government moves on automated driving systems

Ziv Aviram, Mobileye's co-founder and chief executive, gestures during a news conference in Jerusalem October 24, 2012. Reuters/Baz Ratner Mobileye NV expects its China sales to increase "exponentially" after the country moves to require advanced driver assistance systems (ADAS) in all buses and tru...

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Apple's Cook visits Beijing after China woes, Didi deal

Apple CEO Tim Cook speaks about the Apple TV during an event at Apple headquarters in Cupertino, California int his file photo dated March 21, 2016. Reuters/Stephan Lam Apple Inc (AAPL.O) Chief Executive Tim Cook visited Beijing on Monday, days after announcing a $1 billion deal with ride-hailing ap...

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