LOS ANGELES/CHICAGO (Reuters) - On its first day as part of Amazon.com (AMZN.O), organic grocery chain Whole Foods Market Inc (WFM.O) slashed prices on popular items like avocados and apples on Monday by a third as it bid to shake off its "Whole Paycheck" reputation for high prices. In another sign ...
Fitbit takes aim at Apple with new smartwatch launch
(Reuters) - Wearable device maker Fitbit Inc (FIT.N) on Monday launched its newest device, the Ionic smartwatch, with features ranging from fitness tracking to contactless payment, as it gears up to compete with rivals such as Apple Inc (AAPL.O). Once the market leader in wearables, Fitbit has recen...
Expedia CEO Khosrowshahi asked to lead Uber: memo
(Reuters) - Expedia Inc Chief Executive Dara Khosrowshahi has been asked to lead Uber Technologies Inc [UBER.UL], according to an internal memo sent to Expedia staff. "Nothing has been yet finalized, but having extensively discussed this with Dara, I believe it is his intention to accept," Expedia C...
Tech Firms Team Up to Take Down ‘WireX’ Android DDoS Botnet
A half dozen technology and security companies — some of them competitors — issued the exact same press release today. This unusual level of cross-industry collaboration caps a successful effort to dismantle ‘WireX,’ an extraordinary new crime machine comprising&nbs...
Tech Firms Team Up to Take Down ‘WireX’ Android DDoS Botnet
A half dozen technology and security companies — some of them competitors — issued the exact same press release today. This unusual level of cross-industry collaboration caps a successful effort to dismantle ‘WireX,’ an extraordinary new crime machine comprising&nbs...
Exclusive: India and Pakistan hit by spy malware - cybersecurity firm
MUMBAI (Reuters) - Symantec Corp, a digital security company, says it has identified a sustained cyber spying campaign, likely state-sponsored, against Indian and Pakistani entities involved in regional security issues. In a threat intelligence report that was sent to clients in July, Symantec said ...
Samsung Electronics to invest $7 billion to boost China NAND chip output
SEOUL (Reuters) - Samsung Electronics Co Ltd expects to invest $7 billion over the next three years to expand its NAND memory chip production in China's northwestern city of Xi'an, the South Korean tech giant said on Monday. In a regulatory filing Samsung said it approved $2.3 billion of the expecte...
GE shifts strategy, financial targets for digital business after missteps
NEW YORK (Reuters) - General Electric Co (GE.N) wants its industrial software business to cut costs and lift profits next year under new chief executive John Flannery, and is considering expanded partnerships and the possible sale of some equity in the unit, according to people familiar with the bus...
Western Digital CEO in Japan to finalize Toshiba chip deal: source
TOKYO (Reuters) - Western Digital Corp's (WDC.O) chief executive is in Tokyo to finalize an agreement to buy Toshiba Corp's (6502.T) memory chip business, ending months of dispute over the auction, a person familiar with the matter told Reuters on Monday. Toshiba is scrambling to sell its flash memo...
Samsung scion Lee's counsel appeals against five-year jail term for bribery
SEOUL (Reuters) - Samsung Electronics Vice Chairman Jay Y. Lee's defense lawyer has filed to appeal against a five-year jail term for bribery handed down by a lower court, the Seoul Central District Court's website said on Monday without giving details. A Samsung spokeswoman did not have any immedia...
Is Your Mobile Carrier Your Weakest Link?
More online services than ever now offer two-step authentication — requiring customers to complete a login using their phone or other mobile device after supplying a username and password. But with so many services relying on your mobile for that second factor, there has never been more r...
Is Your Mobile Carrier Your Weakest Link?
More online services than ever now offer two-step authentication — requiring customers to complete a login using their phone or other mobile device after supplying a username and password. But with so many services relying on your mobile for that second factor, there has never been more r...
Uber board votes to pick a new CEO
SAN FRANCISCO (Reuters) - The Uber Technologies Inc [UBER.UL] board of directors said on Sunday it had voted on its pick for a new chief executive officer, but declined to disclose its choice publicly until informing employees. The board met during the weekend to deliberate over the selection of a n...
Jeff Immelt says not pursuing Uber CEO job
(Reuters) - Jeff Immelt, chairman of General Electric Co, said on Sunday he was no longer in the running for a leadership position at Uber Technologies Inc [UBER.UL] as the board of the beleaguered ride services company searches for a new chief executive. "I have decided not to pursue a leadership p...
Food delivery creates tech headache for some U.S. restaurants
SAN FRANCISCO (Reuters) - Four tablets from various delivery companies crowd the front counter of Proposition Chicken in San Francisco, each calling out with its own ring when an order arrives. When there is a ping, a cashier finds the right tablet and then retypes the order into the restaurant's ow...
Philippines says will lift Uber suspension if hefty fine paid
MANILA (Reuters) - The Philippine transport regulator said on Friday it would lift a one-month suspension on Uber Technologies Inc [UBER.UL] if it paid a penalty of 190 million pesos ($3.7 million), a fine nearly 20 times greater than Uber had offered to pay. The Land Transportation Franchising and ...
Senator questions quick approval of Amazon's Whole Foods purchase
WASHINGTON (Reuters) - A U.S. senator on Friday questioned the Federal Trade Commission's quick approval of Amazon.com Inc's purchase of Whole Foods Market Inc this week, less than three months after the $13.7 billion deal was announced. The FTC on Wednesday said it ended its antitrust investigation...
China regulator hints at no more special treatment after Unicom deal
SHANGHAI (Reuters) - China's securities regulator said that company ownership reform plans must strictly abide by existing regulations, hinting there will be no repeat of the special treatment given to China Unicom (600050.SS) in its $11.7 billion restructuring. The China Securities Regulatory Commi...
Western Digital won't seek management role in Toshiba chip business: sources
TOKYO (Reuters) - Western Digital Corp (WDC.O), part of a group offering to buy Toshiba Corp's (6502.T) memory chip unit, is not seeking a management role in the business, people familiar with the matter told Reuters on Friday. Toshiba is scrambling to sell its flash memory unit to cover losses from...
China's JD.com invests in Indonesia's Go-Jek amid SE Asia push: sources
HONG KONG (Reuters) - JD.com Inc (JD.O) has invested in ride-hailing startup PT Go-Jek Indonesia, in another sign that China's second-largest e-commerce firm is tapping growth in Southeast Asian mobile-based services, people familiar with the matter told Reuters. Go-Jek, whose investors include glob...
Russian hackers feel the heat as Trump seeks warmer Moscow ties
MOSCOW/SAN FRANCISCO (Reuters) - When Alexander Vinnik was arrested on money-laundering charges at a Greek hotel in late July, the status of his Jabber secure online messaging account was set to "away". "He often takes some time to reply, so at first I didn't think anything of it," said one person w...
Infosys names former chief Nilekani as chairman, defusing feud with founders
MUMBAI (Reuters) - Indian IT services firm Infosys named Nandan Nilekani, one of its founders and former heads, as chairman on Thursday in a bid to end a lengthy feud between the board and the company's founders. The move is likely to reassure employees and clients, and quell shareholder concerns af...
Ride hailing firm Grab commits $100 million to expand in Myanmar
SINGAPORE (Reuters) - Ride-hailing firm Grab, the main Southeast Asian rival of Uber Technologies Inc [UBER.UL], said it would commit $100 million over the next three years to deepen its presence in Myanmar, grow to more cities and roll out its other services. Grab said it wanted to launch its payme...
Why It’s Still A Bad Idea to Post or Trash Your Airline Boarding Pass
An October 2015 piece published here about the potential dangers of tossing out or posting online your airline boarding pass remains one of the most-read stories on this site. One reason may be that the advice remains timely and relevant: A talk recently given at a Czech security conference advances...
Why It’s Still A Bad Idea to Post or Trash Your Airline Boarding Pass
An October 2015 piece published here about the potential dangers of tossing out or posting online your airline boarding pass remains one of the most-read stories on this site. One reason may be that the advice remains timely and relevant: A talk recently given at a Czech security conference advances...
Exclusive: Tesla's 'long-haul' electric truck aims for 200 to 300 miles on a charge
SAN FRANCISCO (Reuters) - Tesla Inc (TSLA.O) next month plans to unveil an electric big-rig truck with a working range of 200 to 300 miles, Reuters has learned, a sign that the electric car maker is targeting regional hauling for its entry into the commercial freight market. Chief Executive Elon Mus...
Investor Benchmark claims ex-Uber CEO is a 'corrosive influence'
SAN FRANCISCO (Reuters) - Benchmark Capital called ousted Uber Technologies Inc [UBER.UL] Chief Executive Travis Kalanick a "corrosive influence" on the ride-services company in a court filing on Thursday, the latest salvo in a battle between the two over Kalanick's presence on Uber's board. The dis...
In wake of Foxconn deal, Wisconsin and Illinois vie for jobs
CHICAGO (Reuters) - The pledge by Taiwan's Foxconn to build a $10 billion factory in southern Wisconsin has ignited cross-border competition with Illinois over which state’s residents will get the jobs created by the project. Backers of Wisconsin’s $3 billion incentives package, which is...
SoftBank invests additional $3 billion in shared-office startup WeWork
(Reuters) - WeWork Cos said on Thursday it received an additional $3 billion investment from Japan's SoftBank Group (9984.T) and its Vision Fund, helping the shared-office startup ramp up its expansion globally. SoftBank's investment will be through new shares and the acquisition of existing shares ...
Amazon to complete acquisition of Whole Foods on Monday
(Reuters) - Amazon.com Inc (AMZN.O) said on Thursday it plans to complete its $13.7 billion acquisition of Whole Foods Market Inc (WFM.O) on Monday after winning antitrust approval from U.S. regulators on Wednesday. The companies said in a joint statement that Whole Foods will offer lower prices sta...