Snap snaps back after analyst assigns first 'buy' rating

SAN FRANCISCO (Reuters) - Snap Inc stock rose on Monday after the Snapchat owner received its first "buy" rating from a Wall Street analyst following a $3.4 billion public listing this month that raised the eyebrows of many on Wall Street.

Adidas takes the sweat out of sweater shopping with in-store machine

BERLIN (Reuters) - Adidas has been testing a store where shoppers can design a sweater, have a body scan to determine fit and get it knitted by a state-of-the-art machine within hours, as the German company looks at ways to respond more quickly to customer demands.

Google apologizes to ad clients for YouTube content fiasco

(Reuters) - Google apologized on Monday for allowing ads to appear alongside offensive videos on YouTube as more high-profile firms such as Marks & Spencer and HSBC pulled advertising for British markets from Google sites.

MoneyGram board says Euronet offer could result in superior proposal

(Reuters) - U.S. electronic payments company MoneyGram International Inc said on Monday that peer Euronet Worldwide Inc's offer could result in a superior proposal compared to the one from China's Ant Financial Services Group.

As part of Asia pivot, Netanyahu pushes Israeli hi-tech in China

JERUSALEM/BEIJING (Reuters) - China's economy may be 35 times larger than Israel's, but Prime Minister Benjamin Netanyahu is hoping to use that to advantage during a three-day visit to Beijing as he looks to reorient Israel's economy toward Asia over Europe and the United States.

GPS device to prevent false Everest claims by climbers

KATHMANDU (Reuters) - Nepal will provide GPS tracking devices to some mountaineers who attempt to scale Mount Everest this year to prevent them from making false summit claims and to track climbers in distress, an official said on Monday.

TSMC says to decide on U.S. chip plant next year

TAIPEI (Reuters) - Taiwan's TSMC, the world's largest contract chipmaker and a major Apple Inc supplier, on Monday said it would take a decision next year on whether to build a U.S. chip plant.

Vodafone to merge India operations with Idea Cellular

MUMBAI (Reuters) - Britain's Vodafone Group will merge its Indian subsidiary with local rival Idea Cellular within two years, Idea said on Monday.

IBM launches enterprise-ready blockchain service

NEW YORK (Reuters) - International Business Machines Corp has launched a service that will allow businesses to build applications on its cloud using blockchain code from the Hyperledger Project, the cross-industry group led by the Linux Foundation.

South Korea Netmarble Games says IPO to be worth up to $2.35 billion

SEOUL (Reuters) - Netmarble Games Corp, South Korea's largest mobile game company, said on Monday it plans an initial public offering (IPO) worth up to 2.66 trillion won ($2.35 billion) in what could be the country's second-largest listing ever.

Experian partners with tech firm to speed up lending

NEW YORK (Reuters) - Credit bureau Experian Plc has teamed up with technology firm Finicity to launch a new product aimed at speeding up the consumer lending process in the United States making it more digital.

Uber president Jeff Jones quits as turmoil continues

A man exits the Uber offices in Queens, New York, U.S., February 2, 2017. REUTERS/Brendan McDermid

MoneyGram to give Euronet confidential info to firm up bid: sources

(Reuters) - U.S. electronic payments company MoneyGram International Inc will share confidential information with peer Euronet Worldwide Inc , after the latter made a $1 billion acquisition offer, according to people familiar with the matter.

IBM and Wanda form China cloud computing partnership

SHANGHAI (Reuters) - IBM and a unit of China's Dalian Wanda Group, a property and entertainment conglomerate, agreed on Sunday to team up to provide cloud services to Chinese companies, the U.S. technology provider said.

Germany's Merkel calls for standardized European rules on using data

BERLIN (Reuters) - German Chancellor Angela Merkel called on Saturday for Europe to set about standardizing rules on using data in Europe, ahead of a visit to the CeBIT technology fair in Hanover where digitalization is expected to be in focus.

Jack Ma to launch Alibaba's regional distribution hub in Malaysia: sources

KUALA LUMPUR (Reuters) - Chinese e-commerce giant Alibaba Group Holding Limited plans to set up a regional distribution hub in Malaysia to cater to its fast-growing business in the region, two sources aware of the discussions said.

Govt. Cybersecurity Contractor Hit in W-2 Phishing Scam

Just a friendly reminder that phishing scams which spoof the boss and request W-2 tax data on employees are intensifying as tax time nears. The latest victim shows that even cybersecurity experts can fall prey to these increasingly sophisticated attacks. On Thursday, March 16, the CEO of Defense Poi...

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Govt. Cybersecurity Contractor Hit in W-2 Phishing Scam

Just a friendly reminder that phishing scams which spoof the boss and request W-2 tax data on employees are intensifying as tax time nears. The latest victim shows that even cybersecurity experts can fall prey to these increasingly sophisticated attacks. On Thursday, March 16, the CEO of Defense Poi...

Continue reading

French advertising group Havas denies it wants to pull adverts from Google

PARIS (Reuters) - French advertising group Havas denied on Friday that it would pull advertising from Google platforms, contradicting comments attributed to the head of its British business after Britain raised concerns over government advertising on the U.S. company's YouTube website.

USITC opens probe of graphics components in TVs, smartphones

WASHINGTON (Reuters) - The U.S. International Trade Commission said on Friday it had voted to open an investigation of certain graphics systems and components used in televisions, smartphones, tablets and other consumer electronics.

Porsche invests in tech services to offset possible sales decline

STUTTGART, Germany (Reuters) - Porsche will invest hundreds of millions of euros in digital services to generate the revenue needed to offset an expected decline in car sales in the coming years, its finance chief said on Friday.

Canadian man charged in Yahoo hack loves fancy cars, parties

HAMILTON, Ontario (Reuters) - The Canadian charged in connection with a massive hack of Yahoo accounts that the United States says was a Russian plot is a young man who has boasted on social media of his wealth and love of expensive cars, online accounts show.

G20 to jointly fight bank sector hacking

BADEN-BADEN, Germany (Reuters) - The world's biggest economies will pledge to jointly fight cyber attacks on the global banking system, one of the biggest coordinated efforts yet to protect lenders since an $81 million heist of the Bangladesh central bank's account last year.

Pastor, programer convicted of scheme involving bitcoin exchange

(Reuters) - A New Jersey pastor and a Florida software engineer were convicted on Friday of scheming to help an illegal bitcoin exchange avoid having banks and regulators look into its activities.

Canadian accused in Yahoo hack case a 'political scapegoat': lawyer

TORONTO (Reuters) - Karim Baratov, the 22-year-old Kazakh-Canadian dual citizen accused of involvement in a massive hack of Yahoo accounts that the United States says was orchestrated by Russian spies, is a "political scapegoat," his lawyer said on Friday.

Airbnb aims to double African customers this year

CAPE TOWN (Reuters) - Airbnb expects to maintain its rapid growth in Africa this year and double its customer numbers to 1.5 million, its Chief Executive Brian Chesky and regional head told Reuters on Friday.

Software maker MuleSoft soars in debut

(Reuters) - MuleSoft Inc's shares jumped as much as 52.5 percent in their debut on Friday, giving the enterprise software company a market capitalization of about $3.27 billion.

UK to question Google after advertisements appear alongside extremist videos

LONDON (Reuters) - Britain on Friday will question executives from Google over why advertisements marketing the government's services were appearing alongside videos carrying hate speech and extremist content on its YouTube website.

Tesla raises $1.2 billion, 20 percent more than planned

(Reuters) - Tesla Inc said on Friday it had raised about $1.2 billion, roughly 20 percent more than it had planned, by selling common shares and convertible debt, ahead of the launch of the crucial Model 3 sedan.

Nokia's mobile networks head quits, to split business

HELSINKI (Reuters) - Nokia's head of mobile networks, the division which accounted for more than half of Finnish telecom network equipment maker's sales last year, is leaving the company.