Tech group sides with Apple in Qualcomm's iPhone ban dispute

(Reuters) - A group representing major technology companies has aligned itself against Qualcomm Inc in its legal dispute with Apple Inc by calling on regulators to reject Qualcomm's bid to ban the import of iPhones. A lobbying group that represents Alphabet Inc's Google, Amazon.com Inc, Microsoft Co...

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Snap under pressure as Wall Street eyes share lock-up expirations

SAN FRANCISCO (Reuters) - A potential flood of newly available Snap shares is weighing on Wall Street's already shaky support for the owner of the Snapchat social media app. Snap's (SNAP.N) shares fell as much as 1.7 percent on Thursday as analysts focused on the expiry of lock-up periods starting a...

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Exclusive: Dutch Cops on AlphaBay ‘Refugees’

Following today’s breaking news about U.S. and international authorities taking down the competing Dark Web drug bazaars AlphaBay and Hansa Market, KrebsOnSecurity caught up with the Dutch investigators who took over Hansa on June 20, 2017. When U.S. authorities shuttered AlphaBay on July...

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Exclusive: Dutch Cops on AlphaBay ‘Refugees’

Following today’s breaking news about U.S. and international authorities taking down the competing Dark Web drug bazaars AlphaBay and Hansa Market, KrebsOnSecurity caught up with the Dutch investigators who took over Hansa on June 20, 2017. When U.S. authorities shuttered AlphaBay on July...

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After AlphaBay’s Demise, Customers Flocked to Dark Market Run by Dutch Police

Earlier this month, news broke that authorities had seized the Dark Web marketplace AlphaBay, an online black market that peddled everything from heroin to stolen identity and credit card data. But it wasn’t until today, when the U.S. Justice Department held a press conference to detail t...

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After AlphaBay’s Demise, Customers Flocked to Dark Market Run by Dutch Police

Earlier this month, news broke that authorities had seized the Dark Web marketplace AlphaBay, an online black market that peddled everything from heroin to stolen identity and credit card data. But it wasn’t until today, when the U.S. Justice Department held a press conference to detail t...

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Musk says received 'verbal' approval for NY-DC hyperloop, gives no detail

SAN FRANCISCO (Reuters) - Entrepreneur Elon Musk on Thursday said that he had received "verbal government approval" to build an underground transport hyperloop between New York and Washington, D.C., although he did not say who gave the approval or how any such project would proceed. Musk, the outspo...

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Moscow in talks with U.S. to create cyber security working group: RIA report

MOSCOW/LONDON (Reuters) - Moscow and Washington are in talks to create a joint cyber security working group, Russia's RIA news agency reported on Thursday, citing Andrey Krutskikh, a special presidential envoy on cyber security. "The talks are underway ... different proposals are being exchanged, no...

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U.S. Justice Department shuts down dark web bazaar AlphaBay

WASHINGTON (Reuters) - The U.S. Justice Department on Thursday said law enforcement would shut down the dark web marketplace AlphaBay, saying it allowed thousands of vendors to sell illegal drugs. AlphaBay mysteriously went offline earlier this month. It was widely considered the biggest online blac...

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Sears to sell Kenmore appliances on Amazon; shares jump

(Reuters) - Sears Holdings Corp's shares soared 20 percent after the struggling retailer said it would sell its Kenmore home appliances on Amazon.com and integrate the brand's smart gadgets with the online giant's Alexa digital assistant. The deal will expand the distribution reach of Kenmore produc...

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Amid VPN crackdown, China eyes upgrades to Great Firewall

BEIJING (Reuters) - A Chinese telecoms carrier said it had begun closing virtual private networks (VPNs) and other tools that can bypass the so-called Great Firewall, which state authorities use to filter and block traffic between Chinese and overseas servers. A spokesman for Guangzhou Huoyun Inform...

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Russia says in talks with U.S. to create cyber security working group: RIA

MOSCOW (Reuters) - Moscow and Washington are in talks to create a joint cyber security working group, RIA news agency reported on Thursday, citing Russia's special envoy on cyber security Andrey Krutskikh. Russia said last week that Donald Trump and Vladimir Putin had discussed forming a group on cy...

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Maersk applies new IT security systems after malware attack

COPENHAGEN (Reuters) - A.P. Moller-Maersk (MAERSKb.CO) said on Thursday its anti-virus software was not effective against a new type of malware that hit the Danish shipping giant last month, but said further protective measures have now been put in place. "This virus attack was a previously unseen t...

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BlackBerry wins right to sell secure messaging tools to U.S. government

TORONTO (Reuters) - BlackBerry Ltd said on Thursday it has won the right to sell tools for encrypting phone calls and text messages to the U.S. federal government, garnering an endorsement from the National Security Agency for the products. The company said it received the endorsement from the NSA's...

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China forecasts artificial intelligence industry to exceed 400 billion yuan by 2025

BEIJING (Reuters) - China unveiled a national artificial intelligence (AI) development plan on Thursday, and said it expects the value of its core AI industries to exceed 150 billion yuan by 2020 and 400 billion yuan ($59.07 billion) by 2025. China will look to be an international leader in AI techn...

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Fintech charmed by Macron but reluctant to leave London for Paris

PARIS (Reuters) - France's fast-growing fintech sector is optimistic the country's dynamic new president will push it up the global rankings. But startups based in London do not yet seem ready to swap that key hub for Paris, even if they have French roots. The nascent industry, ranging from mobile p...

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Payments firm Ingenico to buy rival Bambora for 1.5 billion euros

PARIS (Reuters) - French payments specialist Ingenico is to buy rival Bambora from Nordic Capital for 1.5 billion euros ($1.7 billion), in the latest takeover deal to sweep the payments sector. The acquisition of Stockholm-headquartered Bambora, which had gross revenues of 202 million euros in 2016,...

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SAP posts second quarter profit below forecast on higher cloud costs

FRANKFURT (Reuters) - SAP, Europe's most valuable technology firm, posted rapid growth in its cloud services business in both revenue as well as expenses, putting a damper on its quarterly operating profit, which came in slightly below expectations. The German company reported revenue for the second...

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Amazon launches shopping social network Spark for iOS

NEW YORK (Reuters) - Amazon.com Inc (AMZN.O) has launched a social feature called Spark that allows members to showcase and purchase products on its platforms, the retail giant's first clear move into the world of social media. Spark, which is currently only available for Amazon's premium paying Pri...

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T-Mobile quarterly results top estimates as subscribers grow

(Reuters) - T-Mobile US Inc's quarterly results topped analysts' estimates as the No. 3 U.S. wireless carrier on Wednesday reported more phone subscribers who pay a monthly bill and record low customer dropout rate. T-Mobile has been gaining share from larger competitors AT&T Inc and Verizon Com...

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Qualcomm's profit slumps amid Apple battle

(Reuters) - Qualcomm Inc (QCOM.O) reported a 40 percent slump in quarterly profit as its escalating patent battle with Apple Inc (AAPL.O) took a toll on its business. Shares of the company were down 2.3 percent at $55.40 after the bell on Wednesday. The chipmaker said its results took a hit as Apple...

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Austrian activist, 25,000 supporters seek right to bring class-action suit against Facebook

LUXEMBOURG (Reuters) - The Court of Justice of the European Union (ECJ) heard arguments on Wednesday over whether to allow a class action suit against Facebook, brought by Austrian privacy activist Max Schrems - and about 25,000 other users across the globe. Schrems is claiming 500 euros ($576) in d...

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New banking regulator defends agency effort to regulate fintech

WASHINGTON (Reuters) - The new head of a U.S. banking regulatory agency on Wednesday defended his predecessor's efforts to explore granting special federal charters to startup online lenders. The Office of the Comptroller of the Currency (OCC) has been facing pressure from state regulators ever sinc...

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House panel approves broad proposal on self-driving cars

WASHINGTON (Reuters) - A U.S. House panel on Wednesday approved a sweeping proposal by voice vote to allow automakers to deploy up to 100,000 self-driving vehicles without meeting existing auto safety standards and bar states from imposing driverless car rules. Representative Robert Latta, a Republi...

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Trump Hotels Hit By 3rd Card Breach in 2 Years

Maybe some of you missed this amid all the breach news recently (I know I did), but Trump International Hotels Management LLC last week announced its third credit-card data breach in the past two years. I thought it might be useful to see these events plotted on a timeline, because it suggests that ...

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Trump Hotels Hit By 3rd Card Breach in 2 Years

Maybe some of you missed this amid all the breach news recently (I know I did), but Trump International Hotels Management LLC last week announced its third credit-card data breach in the past two years. I thought it might be useful to see these events plotted on a timeline, because it suggests that ...

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SolarCity co-founder Peter Rive to quit Tesla

(Reuters) - Tesla Inc (TSLA.O) said SolarCity co-founder Peter Rive is leaving the company, eight months after the electric car maker bought the biggest U.S. residential solar panel maker. SolarCity was founded by Peter Rive and his younger brother Lyndon in 2006 with financial backing from their co...

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Facebook to launch news subscription product: TheStreet

(Reuters) - Facebook Inc plans to launch a subscription-based news product, and will begin initial tests in October, TheStreet reported on Tuesday, citing the social media company's news partnerships head Campbell Brown at a conference. The feature is likely to allow publishers to create a paywall o...

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Court reinstates Uber ban in second-biggest Czech city

PRAGUE (Reuters) - A Czech regional court on Wednesday reinstated its ban preventing ride-hailing service Uber from operating in Brno, the country's second-largest city, the court spokeswoman said. The court had already issued an injunction in April after the Brno city council argued Uber drivers sh...

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French court refers 'right to be forgotten' dispute to top EU court

PARIS (Reuters) - EU judges will have to decide whether Google has to remove certain web search results globally to comply with a previous privacy ruling, after France's supreme administrative court referred the issue to the top EU court on Wednesday. Google has gone head-to-head with the French dat...

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