SINGAPORE/FRANKFURT (Reuters) - Cyber security firm FireEye (FEYE.O) said on Monday one of its researchers based in Israel had several of his online accounts hacked by unknown attackers, but added the breach did not appear to involve any company systems. Shares of FireEye traded 4.2 percent lower at...
Apple fails to end lawsuit claiming it 'broke' FaceTime
(Reuters) - Apple Inc (AAPL.O) has failed in its bid to dismiss a lawsuit claiming it disabled the popular FaceTime video conferencing feature on older iPhones to force users to upgrade. U.S. District Judge Lucy Koh ruled late on Friday that iPhone 4 and 4S users can pursue nationwide class action c...
Charter surges after company says not interested in Sprint
(Reuters) - U.S. cable operator Charter Communications Inc's shares shot up nearly 14 percent on Monday after the company said it was not interested in buying wireless carrier Sprint Corp. A deal between the two could be complex and disruptive, analysts said, noting financing issues, complicated own...
Snap's shares slide 3 percent in premarket trading as lockup ends
NEW YORK (Reuters) - Shares of Snap Inc (SNAP.N), owner of the Snapchat messaging app, fell 3 percent in premarket trading on Monday as a share lockup ended, allowing for sales by early investors and pushing it further below its March initial public offering price. Starting on Monday and extending i...
British interior minister to push Silicon Valley on countering militants: source
LONDON (Reuters) - Britain's interior minister travels to Silicon Valley this week to ask social media companies such as YouTube to step up efforts to tackle content which encourages militants to carry out violent attacks. Home Secretary Amber Rudd will meet with senior executives of social media an...
India's Snapdeal ends talks for sale to Flipkart
MUMBAI/BENGALURU (Reuters) - Indian e-commerce firm Snapdeal on Monday said it was ending all talks regarding a sale to bigger rival Flipkart and would remain independent, bringing down the curtain on months of negotiations around the deal valued at up to $950 million. The board of Jasper Infotech, ...
Panasonic first quarter profit up 17 percent; expects profit from Tesla's Model 3 batteries by year-end
TOKYO (Reuters) - Japan's Panasonic Corp on Monday reported a 16.9 percent rise in first-quarter operating profit, mostly in line with analyst estimates, as a shift to advanced automotive parts starts to reward the electronics giant. The profit increase comes as Panasonic took control of Spanish aut...
Charter Communications says 'no interest' in buying Sprint
(Reuters) - Charter Communications Inc is not interested in Sprint Corp's proposal to be acquired by Charter, a company spokesman said. Sprint proposed a merger with Charter as the wireless carrier seeks an alternative to a deal with T-Mobile US Inc that has so far not come to fruition, sources fami...
Putin bans VPNs to stop Russians accessing prohibited websites
MOSCOW (Reuters) - President Vladimir Putin has signed a law that prohibits technology that provides access to websites banned in Russia, the government's website showed on Sunday. The law, already approved by the Duma, the lower house of parliament, will ban the use of virtual private networks (VPN...
BT floats 600 million-pound plan to push broadband into remote corners of UK
LONDON (Reuters) - British telecoms provider BT has offered to invest up to 600 million pounds ($778 million) to provide faster broadband services to remote parts of the country, Britain's government said on Sunday. Under the proposal, BT would ensure all households in Britain can access speeds of a...
Apple is removing VPN services from China App Store: providers
BEIJING (Reuters) - Apple Inc (AAPL.O) is removing virtual private network (VPN) services from its app store in China, VPN service providers said on Saturday, accusing the U.S. tech giant of bowing to pressure from Beijing to comply with stringent cyberspace regulations. VPNs allow users to bypass C...
China mall offers 'man pod' havens for husbands wary of shopping
SHANGHAI (Reuters) - At a Shanghai mall, rows of "man pods" equipped with video games are proving a big hit, providing a refuge for hundreds of weary husbands and boyfriends as their other halves shop until they drop. The first pods were launched at the Global Harbor shopping mall in Shanghai in Jun...
Tesla's Musk hands over first Model 3 electric cars to early buyers
FREMONT, Calif. (Reuters) - Tesla Chief Executive Officer Elon Musk said on Friday the Model 3 had over half a million advance reservations as he handed over the first 30 to employee buyers, setting the stage for the biggest test yet of the company's strategy to become a profitable, mass market elec...
Suspended Sentence for Mirai Botmaster Daniel Kaye
Last month, KrebsOnSecurity identified U.K. citizen Daniel Kaye as the likely real-life identity behind a hacker responsible for clumsily wielding a powerful botnet built on Mirai, a malware strain that enslaves poorly secured Internet of Things (IoT) devices for use in large-scale online ...
Suspended Sentence for Mirai Botmaster Daniel Kaye
Last month, KrebsOnSecurity identified U.K. citizen Daniel Kaye as the likely real-life identity behind a hacker responsible for clumsily wielding a powerful botnet built on Mirai, a malware strain that enslaves poorly secured Internet of Things (IoT) devices for use in large-scale online ...
Exclusive: Congress asks U.S. agencies for Kaspersky Lab cyber documents
LAS VEGAS (Reuters) - A U.S. congressional panel this week asked 22 government agencies to share documents on Moscow-based cyber firm Kaspersky Lab, saying its products could be used to carry out "nefarious activities against the United States," according to letters seen by Reuters. The requests mad...
Tesla climbs as Musk prepares to hand over first Model 3 cars
SAN FRANCISCO (Reuters) - Shares of Tesla Inc rose nearly 1 percent on Friday ahead of a handover to customers of its first Model 3 sedans, the electric cars that Chief Executive Officer Elon Musk is betting will propel his company into the mass market. Tesla is counting on the Model 3 to help turn ...
Amazon everywhere: E-commerce titan is topic companies can't avoid
NEW YORK (Reuters) - What looms over businesses as far flung as car repair, lab equipment and swimming pool gear? In a word, Amazon. Almost 700 U.S. companies have reported quarterly results so far this earnings season, and the e-commerce titan's name has popped up on roughly one of every 10 earning...
Google, Facebook show power of ad duopoly as rivals stumble
SAN FRANCISCO (Reuters) - Quarterly results from Alphabet Inc (GOOGL.O) and Facebook Inc (FB.O) provided fresh evidence this week that the digital advertising market is effectively a duopoly, a dynamic with deep implications for two of Silicon Valley's titans. Alphabet, the owner of Google and YouTu...
Alleged bitcoin fraud 'mastermind' sought by U.S. held in Greek prison
ATHENS (Reuters) - A Russian national suspected of masterminding a money-laundering operation using bitcoin was transferred to prison in Greece on Friday, while the United States prepares documentation to back an extradition request for him. Russian national Alexander Vinnik, 38, is suspected of ope...
Amazon's big profit miss spooks investors, but analysts stay bullish
(Reuters) - A steeper-than-expected drop in quarterly profit rattled some Amazon.com (AMZN.O) investors, but Wall Street analysts remained largely bullish about the company's aggressive spending plans. Shares of the e-commerce juggernaut, which have risen 40 percent this year, were down 4.3 percent ...
Wall Street braces for end of Snap share lockup
SAN FRANCISCO (Reuters) - A flood of Snap Inc (SNAP.N) shares held back since the Snapchat owner's initial public offering could start to trade freely next week, pressuring a stock that has already plunged far below its debut price. Starting on Monday and extending into August, early investors, empl...
Hackers to scour voting machines in search for election vulnerabilities
LAS VEGAS (Reuters) - Hackers attending this weekend's Def Con hacking convention in Las Vegas will have a chance to break into voting machines and voter databases in a bid to uncover vulnerabilities that could be exploited to sway election results. Organizers decided to set up the 25-year-old confe...
Telecom Italia to name Genish chief for operations, says no plans to merge with Mediaset
MILAN (Reuters) - Telecom Italia (TIM) (TLIT.MI) will announce on Friday the arrival of Amos Genish as general manager in charge of operations, the company's executive chairman said, confirming a report by Reuters. Arnaud de Puyfontaine, who also serves as CEO of Vivendi (VIV.PA), told analysts on a...
Sharp returns to first quarter profit on Foxconn's cost-cut drive, beats estimates
TOKYO (Reuters) - Japan's Sharp Corp reported its third consecutive quarter of net profit on Friday, staying on track to achieve its first annual profit in four years following a cost-cutting drive under Taiwanese owner Foxconn. With a profit recovery firmly underway, Sharp is preparing to take the ...
China bike-sharing firm Ofo in talks to raise $1 billion, led by SoftBank: sources
HONG KONG (Reuters) - Chinese startup Ofo is in talks to raise $1 billion in a new funding round led by Japan's SoftBank Group, people familiar with the matter said, in what would be the largest fund-raising in the nation's bike-sharing business. Didi Chuxing, China's biggest ride-hailing firm which...
Xiaomi gains new $1 billion loan to drive retail push, expansion overseas
SHANGHAI (Reuters) - Chinese smartphone maker Xiaomi Inc said on Friday it had signed a deal for a new $1 billion loan to accelerate its drive into brick-and-mortar stores and help a push overseas. The three-year syndicated loan comes as China's tech giants look to diversify their businesses as e-co...
Amazon plows ahead with high sales and spending; profit plunges
(Reuters) - Amazon.com Inc on Thursday reported a jump in retail sales along with a profit slump, as its rapid, costly expansion into new shopping categories and countries showed no sign of slowing. The world's largest online retailer posted second-quarter revenue of $38 billion, up 25 percent from ...
Digital currency start-ups shrug off SEC warning on fund raising
NEW YORK (Reuters) - Technology companies looking to raise money by issuing digital coins are moving forward with their plans despite a U.S. regulator's decision that their offerings may be subject to tough securities laws. Such initial coin offerings, or ICOs, have allowed startups to raise $1 bill...
Flush times for hackers in booming cyber security job market
LAS VEGAS (Reuters) - The surge in far-flung and destructive cyber attacks is not good for national security, but for an increasing number of hackers and researchers, it is great for job security. The new reality is on display in Las Vegas this week at the annual Black Hat and Def Con security confe...