North Korea likely behind Taiwan SWIFT cyber heist: BAE

TORONTO (Reuters) - Cyber-security firm BAE Systems Plc said on Monday it believes the North Korean Lazarus hacking group is likely responsible for a recent cyber heist in Taiwan, the latest in a string of hacks targeting the global SWIFT messaging system. “The likely culprit is Lazarus,&rdquo...

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Netflix subscriber adds beat estimates as original shows lure viewers

(Reuters) - Video-streaming pioneer Netflix Inc added more subscribers than expected in the third quarter as original shows such as the latest season of “Narcos” helped attract more viewers. The company’s shares, which touched a record high on Monday, rose nearly 2 percent to $206....

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Netflix subscriber adds beat St. as original shows pull in new viewers

(Reuters) - Video-streaming pioneer Netflix Inc added more subscribers than expected in the third quarter as original shows such as the latest season of “Narcos” helped attract more viewers. The company added 4.45 million subscribers in its international markets in the quarter ended Sept...

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Android co-creator's startup sued over connector technology

(Reuters) - Two of the best-known names in the smartphone hardware business are squaring off in court over new technology that allows phones to connect to devices like cameras without wires or metal connectors. Privately owned Keyssa Inc, backed by iPod co-creator Tony Fadell is suing Essential Prod...

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Adobe warns that hackers are exploiting its Flash software

TORONTO (Reuters) - Adobe Systems Inc warned on Monday that hackers are exploiting vulnerabilities in its Flash multimedia software platform in web browsers, and the company urged users to quickly patch their systems to prevent such attacks. The warning came after cyber security firm Kaspersky Lab I...

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Kaspersky finds bug in Adobe Flash

(Reuters) - Cyber security firm Kaspersky Lab Inc said on Monday it identified a vulnerability in Adobe Flash that could be used to deploy a surveillance malware through a Microsoft Word document. The bug was used in an attack on Oct. 10 by a group called the BlackOasis, Kaspersky said. Adobe said i...

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U.S. buyers favor iPhone 7 over 8: research

(Reuters) - Apple Inc’s older iPhone 7 models are outselling the recently launched iPhone 8 ahead of the early November debut of the premium iPhone X, broker KeyBanc Capital Markets said, citing carrier store surveys. Traditionally, new editions of the iPhone have sold quickly as fans queue fo...

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U.S. Supreme Court to decide major Microsoft email privacy fight

WASHINGTON (Reuters) - The U.S. Supreme Court on Monday agreed to resolve a major privacy dispute between the Justice Department and Microsoft Corp (MSFT.O) over whether prosecutors should get access to emails stored on company servers overseas. The justices will hear the Trump administration’...

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Researchers uncover flaw that makes Wi-Fi vulnerable to hacks

(Reuters) - Belgian researchers have discovered a flaw in a widely used system for securing Wi-Fi communications that could allow hackers to read information that was previously understood to be encrypted, or infect websites with malware, they said on Monday. Researchers Mathy Vanhoef and Frank Pies...

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Huawei aims to challenge Apple and Samsung on technology as well as price

LONDON/HONG KONG (Reuters) - China’s Huawei [HWT.UL] has unveiled a new line of smartphones that match or even improve on key features offered by Apple or Samsung while undercutting their rivals on price. Huawei aims to distinguish itself through technological advances that will put it on a le...

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JPMorgan launches payments network using blockchain technology

(Reuters) - JPMorgan Chase & Co said on Monday it launched a new payment processing network that uses blockchain technology, in partnership with Royal Bank of Canada and Australia and New Zealand Banking Group. Blockchain, a shared ledger of transactions maintained by a network of computers on t...

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Krebs Given ISSA’s ‘President’s Award’

16Oct 17 Krebs Given ISSA’s ‘President’s Award’ KrebsOnSecurity was honored this month with the 2017 President’s Award for Public Service from the Information Systems Security Association, a nonprofit organization for cybersecurity professionals. The award recognizes an...

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Krebs Given ISSA’s ‘President’s Award’

16Oct 17 Krebs Given ISSA’s ‘President’s Award’ KrebsOnSecurity was honored this month with the 2017 President’s Award for Public Service from the Information Systems Security Association, a nonprofit organization for cybersecurity professionals. The award recognizes an...

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Exclusive: T-Mobile, Sprint plan merger without selling assets

(Reuters) - T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the ...

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BlackBerry shares down after another top exec leaves

(Reuters) - BlackBerry’s (BB.N) (BB.TO) U.S.-listed shares fell almost 4 percent to $11.12 on Monday after a second senior executive from its licensing unit quit this month. Victor Schubert, a licensing director for BlackBerry, said on Friday he had left, following on the heels of Mark Kokes, ...

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German ambassador warns that internet controls could harm companies, isolate China

BEIJING (Reuters) - China’s internet restrictions have struck a “new blow” against foreign companies working there, Germany’s ambassador said on Monday, warning that such moves could undermine Beijing’s political and commercial ties with the world. China’s ongoing...

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Toyota to test self-driving, talking cars by about 2020

TOKYO (Reuters) - Toyota Motor Corp (7203.T) on Monday said it would begin testing self-driving electric cars around 2020, which will use artificial intelligence (AI) to engage with drivers, as the company competes with tech firms to develop new vehicles. The car, whose concept model was unveiled ea...

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Baidu's iQiyi picks BofA, Credit Suisse, Goldman for U.S. IPO: IFR

HONG KONG (Reuters) - Baidu Inc’s (BIDU.O) iQiyi, a Netflix (NFLX.O) style video streaming service in China, has picked three banks to help arrange a U.S. initial public offering (IPO) worth about $1 billion, IFR reported on Monday, citing people familiar with the plans. Bank of America, Credi...

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Oi's largest creditors demand meeting to renegotiate debt plan

SAO PAULO (Reuters) - A group of bondholders that are Oi SA’s (OIBR4.SA) largest creditors demanded on Sunday that the company’s top executives meet them as soon as possible to renegotiate a debt plan. In a letter viewed by Reuters that was addressed to top Oi executives and board member...

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Exclusive: T-Mobile, Sprint aim to announce merger without asset divestitures - sources

(Reuters) - T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the ...

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Tesla fired hundreds of employees in past week

(Reuters) - Luxury electric vehicle maker Tesla Inc (TSLA.O) fired about 400 employees this week, including associates, team leaders and supervisors, a former employee told Reuters on Friday. The dismissals were a result of a company-wide annual review, Tesla said in an emailed statement, without co...

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Tesla fired hundreds of employees in past week: Mercury News

(Reuters) - Luxury electric vehicle maker Tesla Inc (TSLA.O) fired between 400 and 700 employees this week, including engineers, managers and factory workers, Mercury News reported on Friday, citing interviews with former and current employees. The dismissals were a result of a company-wide annual r...

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Qualcomm files lawsuits in China to ban iPhones

(Reuters) - Qualcomm Inc (QCOM.O) confirmed an earlier report that the chipmaker had filed lawsuits in China, seeking to halt the manufacture and sale of Apple Inc’s (AAPL.O) iPhones in the country. Qualcomm filed the suits in a Beijing intellectual property court, claiming patent infringement...

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IRS puts Equifax contract on hold during security review

NEW YORK (Reuters) - The U.S. Internal Revenue Service has temporarily suspended a contract worth more than $7 million it recently awarded to Equifax Inc following a security issue with the beleaguered credit reporting agency’s website on Thursday. Equifax, which disclosed last month that cybe...

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Qualcomm files lawsuits in China to ban iPhones: Bloomberg

(Reuters) - Qualcomm Inc (QCOM.O) filed lawsuits in China, seeking to halt the manufacture and sale of Apple Inc’s (AAPL.O) iPhones in the country, Bloomberg reported on Friday. Qualcomm filed the suits in a Beijing intellectual property court, claiming patent infringement and is seeking injun...

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Social media firms summoned to U.S. Congressional hearings on Russia

WASHINGTON (Reuters) - Representatives of Facebook, Twitter and Google have been asked to appear on Nov. 1 at hearings on alleged Russian interference in U.S. politics called by the U.S. Senate and House Intelligence Committees, officials said. Facebook and Twitter have already agreed to send repres...

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Facebook launches U.S. food order and delivery service

(Reuters) - Facebook Inc on Friday launched a service through which its U.S. users can order food for take-away or delivery directly through its app or website. Facebook said it has partnered with restaurants including Chipotle Mexican Grill Inc, Jack in the Box Inc, Five Guys and Papa John’s ...

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Uber embarks on legal battle to retain London license

LONDON (Reuters) - Uber [UBER.UL] lodged a court appeal on Friday to overturn a decision by London’s transport regulator that stripped the taxi app of its operating license in its most important European market, the first stop on what is set to be a long legal road. Transport for London (TfL) ...

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Samsung Electronics CEO Kwon announces shock resignation as profits surge

SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun plans to step down from management, deepening concerns over a leadership vacuum at the tech giant after group scion Jay Y. Lee was jailed for bribery. The surprise resignation of Samsung’s chip a...

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Uber appeals against loss of London license

LONDON (Reuters) - Uber [UBER.UL] submitted a court appeal on Friday to overturn a decision by London’s transport regulator that stripped the taxi app of its operating license in one of its most important markets. Transport for London (TfL) shocked the Silicon Valley firm last month by deeming...

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