Twitter Bots Use Likes, RTs for Intimidation

I awoke this morning to find my account on Twitter (@briankrebs) had attracted almost 12,000 new followers overnight. Then I noticed I’d gained almost as many followers as the number of re-tweets (RTs) earned for a tweet I published on Tuesday. The tweet stated how every time I tweet...

Continue reading

Faced with new bid, Toshiba looks set to miss chip sale deadline

TOKYO (Reuters) - Toshiba Corp (6502.T) looks set to miss its own deadline of Aug 31 to agree an $17.3 billion sale of its chips business, a deal that would plug a gaping balance sheet hole and help the group avoid an embarrassing and potentially costly delisting. Toshiba's board had been expected t...

Continue reading

Expedia picks CFO Okerstrom to replace Khosrowshahi as CEO

(Reuters) - Expedia Inc named Chief Financial Officer Mark Okerstrom as its new chief executive, replacing Dara Khosrowshahi, who left to take over the top job at Uber Technologies Inc [UBER.UL]. Khosrowshahi, who led the travel-booking site for 12 years, will continue to be a board member, the comp...

Continue reading

Delaware judge hands ex-Uber CEO a victory in lawsuit by Benchmark

GEORGETOWN, Del./SAN FRANCISCO (Reuters) - A Delaware judge on Wednesday stayed a lawsuit brought by Uber Technologies Inc [UBER.UL] investor Benchmark Capital against ousted Chief Executive Officer Travis Kalanick, handing the embattled executive a victory. The judge, from a courtroom in Georgetown...

Continue reading

Ford looks at self-driving systems for commercial trucks: executive

DETROIT (Reuters) - Ford Motor Co (F.N) is considering deploying self-driving vehicle technology in larger commercial vehicles and is working with multiple partners to put its autonomous vehicles on the road, a senior Ford executive told Reuters on Tuesday. "We've been talking with different partner...

Continue reading

Warren Buffett tells CNBC he has not sold a share of Apple

NEW YORK (Reuters) - Billionaire investor Warren Buffett told CNBC on Wednesday that he had not sold a share of Apple (AAPL.O) and was not concerned about Wells Fargo (WFC.N) as a long-term investment and that it was a "terrific" bank. Buffett, chairman and chief executive of conglomerate Berkshire ...

Continue reading

Russia's Sistema plans no sale of MTS stake after row with Rosneft -Ifax

MOSCOW (Reuters) - Russian business conglomerate Sistema (SSAq.L) said on Wednesday it has no plans to sell shares in mobile operator MTS (MBT.N), the Interfax news agency reported. Sistema is considering various options of raising funds, including borrowing from banks, Interfax quoted Mikhail Shamo...

Continue reading

Amazon's Alexa to chat up Microsoft's Cortana

(Reuters) - Amazon.com Inc (AMZN.O) and Microsoft Corp (MSFT.O) have forged a partnership that will allow their voice-controlled virtual assistants to talk to each other later this year. Users of Amazon's Alexa will be able to ask Microsoft's Cortana to do a range of activities — from booking ...

Continue reading

AT&T to expand 5G U.S. broadband trials

NEW YORK (Reuters) - AT&T Inc said on Wednesday that it is expanding its 5G trials to include three new U.S. cities by the end of the year as part of its push to develop a next-generation network. The trials will test a faster broadband service where the last leg of the connection is delivered v...

Continue reading

Siemens buys self-driving software specialist Tass

FRANKFURT (Reuters) - German industrial group Siemens has agreed to buy Dutch self-driving software specialist Tass International for an undisclosed sum to strengthen its automotive business, it said on Wednesday. Tass makes software that can simulate complex traffic scenarios, validate autonomous d...

Continue reading

China likely to unveil NEV car quotas soon, but delay implementation: sources

BEIJING (Reuters) - China is likely to delay implementing tough new sales quotas for electric plug-in vehicles, giving global automakers more time to prepare, four automaker and industry officials told Reuters. Based on their conversations with Chinese policymakers, the people said a final scheme fo...

Continue reading

Insurers see more demand from banks for cover against cyber attacks, rogue staff

LONDON (Reuters) - Banks are increasingly turning to insurance to protect their capital from "operational risks" like cyber attacks and rogue traders, and insurers say they can help safeguard lenders by providing an extra layer of expertise. After a spate of expensive court cases and IT outages, ban...

Continue reading

Bain-led consortium in last-minute $18 billion bid for Toshiba chip unit: NHK

TOKYO (Reuters) - A consortium led by Bain Capital and including Apple Inc (AAPL.O) has offered a revised last-ditch bid for Toshiba Corp's (6502.T) prized memory chip unit worth $18 billion, Japanese broadcaster NHK reported. Under the new proposal, Bain and Toshiba would both hold 46 percent each ...

Continue reading

Uber officially welcomes as CEO Expedia's Dara Khosrowshahi

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] officially welcomed its new Chief Executive Dara Khosrowshahi, who has led online travel business Expedia Inc for 12 years, in a note sent to employees of the world's biggest ride-services company late on Tuesday. The board had already select...

Continue reading

Toyota invests in ride-hailing firm Grab, to install recorders in rental cars

TOKYO (Reuters) - Toyota Motor Corp on Wednesday announced it would invest in Grab and install its driving recorder devices in vehicles operated by the Singapore-based ride-hailing service, as the automaker expands further into new driving services. The agreement includes an undisclosed investment i...

Continue reading

Google, Apple face off over augmented reality technology

SAN FRANCISCO (Reuters) - Alphabet Inc's (GOOGL.O) Google on Wednesday unveiled tools to make augmented reality apps for mobile devices using the Android operating system, setting up its latest showdown with Apple Inc's (AAPL.O) iPhone over next-generation smartphone features. Phone-based augmented ...

Continue reading

U.S. probes Uber for possible bribery law violations

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] said on Tuesday it was cooperating with a preliminary investigation led by the U.S. Department of Justice into possible violations of bribery laws. The preliminary investigation is the latest in a series of legal wrangles at Uber as the ride-...

Continue reading

Whole Foods overall prices still high after selective cuts: analyst

LOS ANGELES (Reuters) - Whole Foods shoppers may be premature in cheering Amazon.com's steep price cuts on staples like bananas, avocados and beef, according to one analysis released on Tuesday that suggested the premium grocery chain has not yet shed its "Whole Paycheck" reputation for lofty prices...

Continue reading

Toshiba may not finalise chip unit sale by August 31 deadline: sources

TOKYO (Reuters) - Toshiba Corp may not seal a $17.5 billion deal to sell its memory chip unit by a self-imposed Aug. 31 deadline due to disagreements over details of an offer by the bidders, people familiar with the matter said late on Tuesday. Talks with a consortium led by Western Digital Corp wer...

Continue reading

Beware of Hurricane Harvey Relief Scams

29Aug 17 Beware of Hurricane Harvey Relief Scams U.S. federal agencies are warning citizens anxious to donate money for those victimized by Hurricane Harvey to be especially wary of scam artists. In years past we’ve seen shameless fraudsters stand up fake charities and other bogus relief effor...

Continue reading

Beware of Hurricane Harvey Relief Scams

29Aug 17 Beware of Hurricane Harvey Relief Scams U.S. federal agencies are warning citizens anxious to donate money for those victimized by Hurricane Harvey to be especially wary of scam artists. In years past we’ve seen shameless fraudsters stand up fake charities and other bogus relief effor...

Continue reading

Alphabet's Google to inform EU antitrust regulators on compliance plan

BRUSSELS (Reuters) - Alphabet unit Google (GOOGL.O) will inform EU antitrust regulators on Tuesday on its plan to comply with an EU order to stop favoring its shopping service, the company said, two months after being hit with a record 2.4-billion-euros ($2.9 billion) fine. The European Commission i...

Continue reading

Uber to provide free insurance for its drivers in India

NEW DELHI (Reuters) - Global ride-hailing firm Uber Technologies will give free insurance to its 450,000 driver partners in India that will cover death, disability or hospitalization due to accidents, the company said on Tuesday. The San Francisco-based company, which competes with Softbank-backed l...

Continue reading

Apple, Accenture team up on iPhone, iPad apps for businesses

(Reuters) - Technology company Apple Inc (AAPL.O) and professional services company Accenture PLC (ACN.N) said Tuesday they will team up to help businesses build better applications for iOS, the operating system that powers Apple's iPhone and iPad. Accenture helps large companies write new software ...

Continue reading

Philippines lifts Uber suspension after it pays nearly $10 mln in penalties

MANILA (Reuters) - The Philippines lifted its one-month suspension on Uber Technologies [UBER.UL] ahead of schedule on Tuesday after the ride-hailing firm paid almost $10 million in a fine and financial aid to its drivers affected by the halted operations. The Land Transportation Franchising and Reg...

Continue reading

South Korea's LG Electronics bid for ZKW in estimated $1.2 billion deal: Korea Economic Daily

SEOUL (Reuters) - South Korea's LG Electronics participated in a main bidding round to buy Austrian automotive light maker ZKW Group in a deal that could potentially fetch $1.2 billion, Korea Economic Daily said on Tuesday. LG Electronics, South Korea's No.2 smartphone maker after Samsung Electronic...

Continue reading

Renault-Nissan to set up new China JV with Dongfeng Motor for electric cars

BEIJING (Reuters) - Nissan Motor and its alliance partner Renault are setting up a new joint venture in China with Dongfeng Motor Group to design and build electric cars, joining a list of global automakers aiming to make such vehicles in China. The automakers are attempting to tap into a boom for s...

Continue reading

Comcast builds out 'smart home' strategy as cable shrinks

NEW YORK (Reuters) - Comcast Corp may be best known as a cable company, but it is banking on remote-controlled door locks and cameras as well as other "smart-home" offerings to accelerate its growing home security business. The push to diversify comes at a time when more U.S. consumers who are dropp...

Continue reading

Uber to end post-trip tracking of riders as part of privacy push

PALO ALTO, Calif. (Reuters) - Uber Technologies Inc [UBER.UL] is pulling a heavily criticized feature from its app that allowed it to track riders for up to five minutes after a trip, its security chief told Reuters, as the ride-services company tries to fix its poor reputation for customer privacy....

Continue reading

Ford teams with Domino's on self-driving pizza delivery test

ANN ARBOR, Mich. (Reuters) - Ford Motor Co and Domino's Pizza Inc in September will begin testing Michigan consumers' reactions to having their pies delivered by self-driving vehicles, the companies said on Tuesday. It will not be the first experiment with advanced pizza delivery technology. Austral...

Continue reading