NEW YORK (Reuters) - Snap Inc, owner of popular messaging app Snapchat, fended off investor skepticism on the second day of its IPO roadshow on Tuesday, betting on the charisma of CEO Evan Spiegel, 26, whom it introduced as a "once in a generation founder."
Exclusive: Facebook in talks to live stream one MLB game per week - sources
NEW YORK (Reuters) - Facebook Inc is in talks with Major League Baseball to live stream one game per week during the upcoming season, which could be a key win as the social media platform works to offer more live sports, according to two people familiar with the situation.
Brazil's Creditas gets $19 million amid boom in local fintech financing
SAO PAULO (Reuters) - Creditas Soluções Financeiras Ltda, a Brazilian financial technology firm focused on secured consumer loans, has obtained $19 million from investors in a financing round that will allow it to provide borrowers with funds for one-fourth of what they pay to domestic...
How to Bury a Major Breach Notification
Amid the hustle and bustle of the RSA Security Conference in San Francisco last week, researchers at RSA released a startling report that received very little press coverage relative to its overall importance. The report detailed a malware campaign that piggybacked on a popular piece of so...
How to Bury a Major Breach Notification
Amid the hustle and bustle of the RSA Security Conference in San Francisco last week, researchers at RSA released a startling report that received very little press coverage relative to its overall importance. The report detailed a malware campaign that piggybacked on a popular piece of so...
UPS tests drone deliveries in Florida with eye to cost cuts
(Reuters) - Package delivery company United Parcel Service Inc tested home delivery by drone in Lithia, Florida, on Monday, the first step in what the company hopes will be a move toward more automated delivery.
BMW, Mobileye in deal to collect map data for self-driving cars
JERUSALEM (Reuters) - Israel's Mobileye and German automaker BMW said on Tuesday they signed an agreement to install Mobileye's data generation technology in BMW cars starting with 2018 models.
Investors bet on Israel tech stock windfall under Trump
TEL AVIV (Reuters) - Investors are betting heavily that Israeli defense and cyber-security firms will reap a windfall from President Donald Trump's big U.S. spending plans, although likely benefits for the wider economy remain like the man himself - hard to predict.
Verizon revises deal with Yahoo to $4.48 billion
(Reuters) - Verizon Communications Inc , the No. 1 U.S. wireless carrier, said on Tuesday it agreed to buy the core internet business of Yahoo Inc for $4.48 billion, reflecting a $350 million cut to the original price.
Toshiba wants to pick preferred bidder for chip unit sale by May: source
TOKYO (Reuters) - Toshiba Corp wants to pick the preferred bidder or bidders for a majority stake in its chip unit by the end of May and will hold the first round of bids next month, a source with knowledge of the plan said.
Mukesh Ambani expected to say Reliance Jio hit 100 million subscribers: source
MUMBAI (Reuters) - India's richest man Mukesh Ambani is likely to announce on Tuesday that Reliance Industries' has reached its targeted 100 million subscribers on its Jio telecom unit, a source familiar with the matter said.
Telefonica to sell up to 40 percent of Telxius to KKR for 1.3 billion euros
MADRID (Reuters) - Spain's Telefonica said on Tuesday it had agreed to sell up to a 40 percent stake in its telecom masts subsidiary Telxius to private equity firm KKR for 1.275 billion euros ($1.35 billion).
TransferWise launches international money transfers via Facebook
NEW YORK (Reuters) - Money transfer company TransferWise has launched a new service that allows users to send money internationally through Facebook Inc's chat application, as competition in the digital payments landscape intensifies.
Uber hires ex-U.S. Attorney General Holder to probe sexual harassment
(Reuters) - Uber Technologies Inc has hired former U.S. Attorney General Eric Holder to conduct a review of sexual harassment claims at the ride-hailing service made by a former employee.
Toshiba wants to raise at least $8.8 billion from sale of chip unit majority stake: source
TOKYO (Reuters) - Toshiba Corp wants to raise as least 1 trillion yen ($8.83 billion) from the sale of a majority stake in its NAND flash memory business to plug a hole in its finances from a $6.3 billion writedown of its U.S. nuclear unit, a source said.
EU privacy watchdogs say Windows 10 settings still raise concerns
BRUSSELS (Reuters) - European Union data protection watchdogs said on Monday they were still concerned about the privacy settings of Microsoft's Windows 10 operating system despite the U.S. company announcing changes to the installation process.
Reliance's Jio hails Uber ride in payments battle with PayTM
MUMBAI (Reuters) - Uber users in India, who until now had Chinese Internet giant Alibaba-backed PayTM as the only payment wallet option available to book a ride, will now be able to pay through Reliance Jio Infocomm's [RELIB.UL] Jio Money.
Snap arrives in London to woo skeptical investors ahead of IPO
LONDON (Reuters) - Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow on Monday, looking to persuade London money managers to back its initial public offering in the face of concerns about its growth prospects, valuation and corporate governance.
China bicycle-sharing startup Mobike gets funding from Temasek, others
BEIJING (Reuters) - Chinese bicycle-sharing startup Mobike said on Monday it has raised funding in a new round led by Singapore state investor Temasek Holdings [TEM.UL] and hedge fund Hillhouse Capital, bringing its total new funding in 2017 to more than $300 million.
Snap bets on hardware as Facebook threat looms
SAN FRANCISCO (Reuters) - Snap Inc takes to the road in London on Monday to promote its initial public offering with a daring proposition: that it can build hot-selling hardware gadgets and ad-friendly software features fast enough to stay one step ahead of Facebook.
Alibaba extends bricks-and mortar retail push with Bailian deal
SHANGHAI (Reuters) - Chinese tech giant Alibaba Group Holding Ltd has formed a strategic partnership with retail conglomerate Bailian Group, extending a push into bricks-and-mortar retail as online growth slows.
Uber CEO calls for 'urgent investigation' into former engineer's sexual harassment claims
(Reuters) - The chief executive of Uber Technologies Inc [UBER.UL] has ordered an "urgent investigation" into claims of sexual harassment raised by a former engineer in a blog post.
New Zealand court rules Megaupload founder Kim Dotcom can be extradited to U.S.
WELLINGTON (Reuters) - A New Zealand court threw out an appeal on Monday by German entrepreneur and Megaupload founder Kim Dotcom against his extradition to the United States to face racketeering and criminal copyright charges.
Amazon to create over 5,000 jobs in Britain in 2017
LONDON (Reuters) - Online retailer Amazon is set to create more than 5,000 jobs in Britain this year, the company said on Monday, boosting its investment in the country once more even as it prepares to leave the European Union.
February Updates from Adobe, Microsoft
A handful of readers have inquired as to the whereabouts of Microsoft‘s usual monthly patches for Windows and related software. Microsoft opted to delay releasing any updates until next month, even though there is a zero-day vulnerability in Windows going around. However, Adobe did push out up...
February Updates from Adobe, Microsoft
A handful of readers have inquired as to the whereabouts of Microsoft‘s usual monthly patches for Windows and related software. Microsoft opted to delay releasing any updates until next month, even though there is a zero-day vulnerability in Windows going around. However, Adobe did push out up...
U.S. inquiries into Russian election hacking include three FBI probes
SAN FRANCISCO (Reuters) - The U.S. Federal Bureau of Investigation is pursuing at least three separate probes relating to alleged Russian hacking of the U.S. presidential elections, according to five current and former government officials with direct knowledge of the situation.
After night in cell, Samsung scion taken for questioning
SEOUL (Reuters) - Handcuffed and tied with white rope, the scion of one of the world's biggest conglomerates, Samsung Group, was taken on Saturday for questioning by South Korean authorities after spending a night in a small detention cell.
Exclusive: GM plans to build, test thousands of self-driving Bolts in 2018 - sources
DETROIT (Reuters) - General Motors Co plans to deploy thousands of self-driving electric cars in test fleets in partnership with ride-sharing affiliate Lyft Inc, beginning in 2018, two sources familiar with the automaker’s plans said this week.
Men Who Sent Swat Team, Heroin to My Home Sentenced
It’s been a remarkable week for cyber justice. On Thursday, a Ukrainian man who hatched a plan in 2013 to send heroin to my home and then call the cops when the drugs arrived was sentenced to 41 months in prison for unrelated cybercrime charges. Separately, a 19-year-old American who admitted ...