LAS VEGAS (Reuters) - The creators of an embattled technology project called Tezos, which raised $232 million in one of the largest “initial coin offerings” ever, are scheduled to make their first public appearance on Tuesday since a dispute between them and the head of a Swiss foundatio...
U.S. blockchain start-up Bloq to launch bitcoin-like token
NEW YORK (Reuters) - Bloq, a U.S. blockchain technology company, said on Tuesday it will launch the sale of its own crypto-currency called Metronome (MTN), which will have a predictable and autonomously managed token supply. Blockchain is a digital ledger of transactions that has underpinned bitcoin...
Facebook dealt setback by EU court adviser in privacy dispute
BRUSSELS (Reuters) - Facebook was dealt a setback on Tuesday when an adviser to the top European Union court said any data protection authority in the bloc had the power to take action against it for breaching privacy laws. FILE PHOTO: Facebook logo is seen at a start-up companies gathering at Paris...
UK financial watchdog investigates Equifax hacking
LONDON (Reuters) - Britain’s markets watchdog said it has opened an investigation into the hacking of U.S. credit reporting agency Equifax, which affected nearly 700,000 UK citizens. FILE PHOTO: Credit reporting company Equifax Inc. corporate offices are pictured in Atlanta, Georgia, U.S., Sep...
Canon hikes profit outlook on demand for surveillance cameras, OLED production gear
TOKYO (Reuters) - Japan’s Canon Inc hiked its annual profit forecast for the third time on Tuesday on the back of expanding demand for “business-to-business” products from surveillance cameras to organic light-emitting diode (OLED) screen production equipment. FILE PHOTO - People a...
Microsoft to drop lawsuit after U.S. government revises data request rules
(Reuters) - Microsoft Corp said it will drop a lawsuit against the U.S. government after the Department of Justice (DOJ) changed data request rules on alerting internet users about agencies accessing their information. FILE PHOTO - A sign marks the Microsoft office in Cambridge, Massachusetts, U.S. ...
Amazon rivals turn to legal fine print to stem Whole Foods strategy
SAN FRANCISCO (Reuters) - Whole Foods Market met a new foe this summer during talks to lease a top retail space in a San Francisco mall: the Target next door. The Stonestown Galleria, where Target raised concern that rival Amazon might open a store where Macy's currently stands, is seen in San Franc...
Airbnb's China head exits, a week after co-founder named unit's chair
BEIJING (Reuters) - The head of Airbnb Inc’s China business has resigned four months after taking the role, the company confirmed on Tuesday, the latest leadership change for the unit which operates in an country where residency and movement are regulated. A woman talks on the phone at the Air...
Amazon says studio executive Joe Lewis resigns
(Reuters) - Amazon.com Inc on Monday said Joe Lewis, the head of comedy and drama at its entertainment studio unit, has stepped down, but gave no reason for his resignation. FILE PHOTO: Joe Lewis, Head of Original Programming at Amazon Studios, poses during Amazon's premiere screening of the tv seri...
Australia publishes draft laws for relaxed fintech regulation
SYDNEY (Reuters) - The Australian government published draft laws on Tuesday that would let financial technology companies operate without a full licence, a measure it said would encourage innovation without compromising existing levels of consumer protection. The draft laws would let companies test...
Facebook tests splitting its News Feed into two
SAN FRANCISCO (Reuters) - Facebook Inc said on Monday it was testing the idea of dividing its News Feed in two, separating commercial posts from personal news in a move that could lead some businesses to increase advertising. FILE PHOTO: Facebook logo is seen at a start-up companies gathering at Par...
Thousands of Bogota taxi drivers protest Uber, Cabify and higher costs
BOGOTA (Reuters) - Thousands of taxi drivers in Colombia’s capital Bogota began an indefinite strike on Monday to protest private transport services like Uber [UBER.UL], snarling traffic for much of the day as drivers blocked roads and clashed with police. Taxi drivers protest against Uber in ...
Google's latest iPhone rival off to a rocky start
SAN FRANCISCO (Reuters) - The launch of Alphabet Inc’s (GOOGL.O) second-generation Google Pixel smartphones has been hampered by display screen problems and pricing and shipping issues, prompting the company to open an investigation and issue multiple apologies to customers. FILE PHOTO: Google...
Reaper: Calm Before the IoT Security Storm?
It’s been just over a year since the world witnessed some of the world’s top online Web sites being taken down for much of the day by “Mirai,” a zombie malware strain that enslaved “Internet of Things” (IoT) devices such as wireless routers, security cameras and d...
Reaper: Calm Before the IoT Security Storm?
It’s been just over a year since the world witnessed some of the world’s top online Web sites being taken down for much of the day by “Mirai,” a zombie malware strain that enslaved “Internet of Things” (IoT) devices such as wireless routers, security cameras and d...
Amazon receives 238 proposals for its second headquarters
(Reuters) - Amazon.com Inc (AMZN.O) has received 238 proposals from cities and regions across North America vying to host the company’s second headquarters, it said on Monday. The skyline is seen in Chicago, Illinois, U.S., October 19, 2017. Chicago is one of the U.S. cities competing to house...
Iphone X demand will be substantial, but not exceptional: survey
(Reuters) - Days before Apple Inc’s (AAPL.O) much-awaited iPhone X opens for preorders, a survey by brokerage Bernstein showed that demand for the device will be substantial, but not exceptional, with about a quarter of the respondents planning to buy the phone. Tim Cook, CEO of Apple, speaks ...
Ex-U.S. spy chiefs urge Congress to renew internet surveillance law
WASHINGTON (Reuters) - Former U.S. intelligence officials who worked for both Republican and Democratic presidents urged Congress on Monday to renew an internet surveillance program they said has stopped militant plots and helped policymakers steer through international crises. File Photo - A magnif...
Cisco buys BroadSoft for $1.71 bln in software push
(Reuters) - Cisco Systems Inc (CSCO.O) will buy software company BroadSoft Inc (BSFT.O) for $1.71 billion, it said on Monday, in a deal that boosts Cisco’s collaboration tools and helps the company diversify its offerings away from switching and routing. A newly installed phone made by Cisco i...
BofA fortifies online banking with new security layer
(Reuters) - Bank of America Corp (BAC.N) will start using an additional layer of authentication for its online banking services, the Wall Street bank said on Monday, amid a wave of high-profile data breaches at several big U.S. companies. FILE PHOTO: A Bank of America logo is seen in New York City, ...
Bank of America beefs up security for online banking
(Reuters) - Bank of America Corp will start using an additional layer of authentication for online banking, the bank said on Monday, amid a wave of high-profile data breaches at several big U.S. companies. FILE PHOTO: A Bank of America logo is seen in New York City, U.S. January 10, 2017. REUTERS/St...
Cisco buys BroadSoft for $1.71 billion in software push
(Reuters) - Cisco Systems Inc (CSCO.O) said on Monday it will buy software company BroadSoft Inc (BSFT.O) for $1.71 billion, as the world’s largest networking gear producer moves away from a stagnating business in switches and routers. A newly installed phone made by Cisco is shown in San Dieg...
Apple, Samsung face new iPhone damages trial: U.S. judge
(Reuters) - A U.S. judge has ordered a new trial to determine how much Samsung Electronics Co (005930.KS) should pay Apple Inc (AAPL.O) for copying the look of the iPhone. FILE PHOTO: A Samsung logo and a logo of Apple are seen in this September 23, 2014 illustration photo. REUTERS/Dado Ruvic/File P...
Apple sees its mobile devices as platform for artificial intelligence
TAIPEI (Reuters) - Apple Inc (AAPL.O) sees its mobile devices as a major platform for artificial intelligence in the future, Chief Operating Officer Jeff Williams said on Monday. An Apple employee showcases the augmented reality on an iPhone 8 Plus at the Apple Orchard Shop in Singapore September 22...
Saudi Prince Alwaleed bin Talal optimistic about Twitter investment: CNBC
RIYADH (Reuters) - Saudi Prince Alwaleed bin Talal, who owns investment firm Kingdom Holding, said in an interview with CNBC on Monday that he was optimistic about his investment in Twitter. FILE PHOTO: Saudi Arabian Prince Al-Waleed bin Talal arrives at the Elysee palace in Paris, France, to attend...
Cisco to buy BroadSoft in $1.9 billion deal
(Reuters) - Cisco Systems Inc (CSCO.O), the world’s largest networking gear manufacturer, said it will buy U.S. telecommunications software company BroadSoft Inc (BSFT.O) in a deal valued at about $1.9 billion, including debt. A newly installed phone made by Cisco is shown in San Diego, Califo...
Kaspersky Lab to open software to review, says nothing to hide
(Reuters) - Moscow-based Kaspersky Lab will ask independent parties to review the security of its anti-virus software, which the U.S. government has said could jeopardize national security, citing concerns over Kremlin influence and hijacking by Russian spies. The logo of the anti-virus firm Kaspers...
Amazon backs German artificial intelligence research hub
FRANKFURT (Reuters) - Amazon.com will open an artificial intelligence research center in the German university city of Tuebingen, creating 100 jobs over the next five years. FILE PHOTO - The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, February 20, 2017....
Kaspersky Lab says it will submit software for independent review
(Reuters) - Kaspersky Lab will ask independent parties to conduct security reviews of its widely used anti-virus software to help dispel allegations that the Russian government uses the products to conduct espionage, the Moscow-based company said on Monday. The logo of the anti-virus firm Kaspersky ...
Toshiba sees annual loss of almost $1 billion after tax related to chip unit sale
TOKYO (Reuters) - Embattled Japanese conglomerate Toshiba Corp said on Monday it now expects to slide to a net loss of nearly $1 billion this business year after calculating taxes related to the sale of its prized chip unit. FILE PHOTO : A logo of Toshiba Corp is seen on a printed circuit board in t...