KrebsOnSecurity recently featured a story about a New Mexico man who stands accused of using the now-defunct vDOS attack-for-hire service to hobble the Web sites of several former employers. That piece stated that I wasn’t aware of any other prosecutions related to vDOS customers, but as it ha...
Correcting the Record on vDOS Prosecutions
KrebsOnSecurity recently featured a story about a New Mexico man who stands accused of using the now-defunct vDOS attack-for-hire service to hobble the Web sites of several former employers. That piece stated that I wasn’t aware of any other prosecutions related to vDOS customers, but as it ha...
Law likely on AT&T's side in Time Warner battle: analysts
(Reuters) - AT&T Inc (T.N) is likely to emerge victorious from a legal fight with the United States Department of Justice over its $85.4 billion acquisition of Time Warner Inc (TWX.N), analysts said in a series of research notes on Tuesday. FILE PHOTO: An AT&T logo and communication equipmen...
Auchan/Alibaba deal turns up the heat on Carrefour in China
PARIS (Reuters) - A partnership between French retailer Auchan [AUCH.UL] and internet giant Alibaba risks pushing Carrefour further behind in China and could persuade its new boss to sell out of the country. A Carrefour supermarket logo is seen on a shopping trolley at a branch in Beijing December 4...
CBS channels blacked out for Dish customers over carriage dispute
(Reuters) - CBS Corp’s TV stations were blacked out for Dish Network Corp’s customers over a network carriage deal dispute, the companies said early Tuesday. FILE PHOTO: A Dish Network receiver hangs on a house in Somerville, Massachusetts, U.S., February 21, 2017. REUTERS/Brian Snyder/F...
Exclusive: Philippines' PT&T seeks partners for broadband, cell services, talks to Chinese firms
MANILA (Reuters) - Philippine Telegraph & Telephone Corp (PTT.PS) is talking to Chinese companies about forming strategic partnerships as part of plans to turn a niche player into a force in the domestic telecoms market, its chairman said on Tuesday. For sale sim cards are laid out at a loading ...
Tencent's stellar share rally sees it surpass Facebook in market value
HONG KONG (Reuters) - Tencent Holdings Ltd (0700.HK) has racked up some impressive gains this week - becoming the first Chinese firm to be worth more than $500 billion and surpassing Facebook (FB.O) to be the world’s fifth-most valuable company. FILE PHOTO: Visitors use their smartphones under...
Phones for urns: Hong Kong turns to virtual reality to honor ancestors
HONG KONG (Reuters) - A lack of space for cemeteries in crowded Hong Kong clashes with the age-old Chinese tradition of reverence for one’s ancestors. Anthony Yuen, CEO of iVeneration.com, demonstrates an augmented reality graveyard at his office in Hong Kong, China, November 13, 2017. Picture...
SoftBank funding may spur Uber to re-think tough Southeast Asian market
SINGAPORE(Reuters) - SoftBank Group’s (9984.T) multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing business across Asia, industry sources say. FILE PHOTO...
CBS warns of blackout in dispute with Dish
NEW YORK (Reuters) - CBS Corp said on Monday that satellite television provider Dish Network Corp could black out its programming, including holiday weekend sports events, if the companies fail to resolve a dispute over the fees Dish pays to carry its content. FILE PHOTO - The CBS "eye" and logo are...
Marvell Technology to buy rival chipmaker Cavium for $6 billion
(Reuters) - Chipmaker Marvell Technology Group Ltd (MRVL.O) said on Monday it would buy smaller rival Cavium Inc (CAVM.O) for about $6 billion, as it seeks to expand its wireless connectivity business in a rapidly consolidating semiconductor industry. Marvell Semiconductor President and CEO Matt Mur...
Tencent turns to WeChat, games and deals for global strategy
HONG KONG (Reuters) - China’s biggest social network and gaming firm Tencent Holdings, which last week reported forecast-beating quarterly results, is close to making Malaysia the first foreign country to roll out its WeChat ecosystem, an executive told Reuters. FILE PHOTO: Tencent's booth is ...
Bitcoin hits record high after smashing through $8,000 for first time
LONDON (Reuters) - Bitcoin hit a new record high on Monday after smashing through the $8,000 level for the first time over the weekend, marking an almost 50 percent climb in just eight days. A bitcoin sign is seen during Riga Comm 2017, a business technology and innovation fair in Riga, Latvia Novem...
Fund Targets Victims Scammed Via Western Union
If you, a friend or loved one lost money in a scam involving Western Union, some or all of those funds may be recoverable thanks to a more than half-billion dollar program set up by the U.S. Federal Trade Commission. In January 2017, Englewood, Colo.-based Western Union settled a case with the FTC a...
Fund Targets Victims Scammed Via Western Union
If you, a friend or loved one lost money in a scam involving Western Union, some or all of those funds may be recoverable thanks to a more than half-billion dollar program set up by the U.S. Federal Trade Commission. In January 2017, Englewood, Colo.-based Western Union settled a case with the FTC a...
Volvo Cars to supply Uber with up to 24,000 self-driving cars
STOCKHOLM/SAN FRANCISCO (Reuters) - Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the U.S. firm from an app used to summon a taxi to the owner and operator of a fleet of cars. The Uber logo is seen on mobile telephone in London, Britain, September 25, 2017. R...
Marvell Technology to buy smaller rival Cavium for $6 billion
(Reuters) - Chipmaker Marvell Technology Group Ltd (MRVL.O) said it would buy smaller rival Cavium Inc (CAVM.O) in a $6 billion deal, as it seeks to expand its wireless connectivity business in a fast consolidating semiconductor industry. Marvell Semiconductor President and CEO Matt Murphy. REUTERS/...
Retailer Auchan says it has not been approached by Amazon in Europe
PARIS (Reuters) - French retailer Auchan [AUCH.UL] said on Monday it had not been approached by E-commerce giant Amazon (AMZN.O) about deals or partnerships in Europe, with speculation still rife that Amazon may be eyeing European transactions. The logo of French retailer Auchan is pictured at compa...
Marvell Technology to buy Cavium for $6 billion
(Reuters) - Chipmaker Marvell Technology Group Ltd (MRVL.O) said on Monday it would buy smaller rival Cavium Inc (CAVM.O) in a deal valued at about $6 billion as it seeks to expand its networking equipment business. Marvell Semiconductor President and CEO Matt Murphy. REUTERS/Courtes y Marvell Under...
Toshiba gains breathing room with $5.4 billion share issue to overseas investors
TOKYO/HONG KONG (Reuters) - Toshiba Corp’s planned $5.4 billion new share issue to overseas investors is set to provide it with most of the funds it needs to avoid a delisting - a quickly arranged deal that underscores both the weakness of its finances and the allure of its chips unit. FILE PH...
Bipartisan Harvard panel recommends hacking safeguards for elections
SAN FRANCISCO (Reuters) - A bipartisan Harvard University project aimed at protecting elections from hacking and propaganda will release its first set of recommendations today on how U.S. elections can be defended from hacking attacks. FILE PHOTO: An unidentified voter casts his ballot at a local po...
Toshiba $5 billion stock issue results in huge dilution but delisting risk removed
TOKYO (Reuters) - Toshiba Corp’s plan to raise some $5.4 billion through a sale of new shares will help it avoid a delisting, but will also see more 30 overseas investors, including activist funds, own 35 percent of the embattled conglomerate. FILE PHOTO: The logo of Toshiba Corp is seen as wi...
Marvell Technology clinches roughly $6 billion deal to buy Cavium: sources
(Reuters) - Chipmaker Marvell Technology Group Ltd (MRVL.O) has agreed to acquire smaller peer Cavium Inc (CAVM.O) for around $6 billion, as it seeks to expand in the networking equipment sector, people familiar with the matter said on Sunday. The deal will allow Marvell to diversify away from its t...
Toshiba shares drop after plan to issue $5.4 billion in new shares
TOKYO (Reuters) - Shares of Toshiba Corp fell nearly 5 percent early on Monday, a day after the troubled conglomerate said it would raise 600 billion yen ($5.4 billion) from a sale of new shares in a key step that would allow it to stay publicly traded. FILE PHOTO: The logo of Toshiba Corp is seen a...
IBM could be set for gains after long slump: Barron's
NEW YORK (Reuters) - International Business Machines Corp (IBM.N) could be the next blue-chip company with a rising valuation, according to a report in financial publication Barron‘s. The logo for IBM is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19,...
Driverless cars set for UK budget boost: finance ministry
LONDON (Reuters) - British finance minister Philip Hammond’s budget statement this week will include measures to encourage the development of driverless and electric cars, artificial intelligence and telecommunications, the finance ministry said on Sunday. Britain's Finance Secretary Philip Ha...
Exclusive: Qualcomm set to win conditional Japanese antitrust okay for NXP deal - source
BRUSSELS (Reuters) - U.S. smartphone chipmaker Qualcomm is set to win “imminent” Japanese antitrust clearance for its $38-billion bid for NXP Semiconductors and gain Europe’s approval by the end of the year with slight tweaks to its concessions, a person familiar with the matter sa...
China Citic, Baidu launch direct bank in fintech push
BEIJING (Reuters) - China Citic Bank Corp (601998.SS) and search engine giant Baidu Inc (BIDU.O) launched on Saturday a direct banking joint venture, dubbed AiBank, to capitalize on China’s rapidly growing fintech sector. FILE PHOTO: A man stands in front of CITIC bank's branch in Beijing, Chi...
Verizon close to announcing digital streaming deal with NFL: Bloomberg
(Reuters) - Verizon Communications Inc, no. 1 U.S. wireless carrier, is close to a new deal with the National Football League for digital streaming rights, Bloomberg reported, citing people familiar with the matter. The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, ...
Brazil speaker wants city rules for Uber, other car-hailing apps
BRASILIA (Reuters) - The head of Brazil’s lower house of Congress said on Friday he hopes that the chamber will undo amendments by the Senate to a bill regulating ride-hailing apps such as Uber Technologies Inc [UBER.UL]. The Uber logo is seen on a screen in Singapore August 4, 2017. REUTERS/T...