Several U.S. state attorneys general are set to launch antitrust probes of large technology companies such as Alphabet's Google and Facebook amid concerns that the companies have too much power and are harming users and stifling competition.
Elliott Management calls for AT&T shake-up as Trump piles on
Activist investor Elliott Management Corp on Monday unveiled a $3.2 billion stake in AT&T Inc and urged the sprawling U.S. telecommunications and media conglomerate to end its acquisition spree and focus on improving its business.
Secret Service Investigates Breach at U.S. Govt IT Contractor
The U.S. Secret Service is investigating a breach at a Virginia-based government technology contractor that saw access to several of its systems put up for sale in the cybercrime underground, KrebsOnSecurity has learned. The contractor claims the access being auctioned off was to old test systems th...
Dutch 'Big Brother' creator seeks court judgment over fake bitcoin ads on Facebook
Dutch billionaire John de Mol on Monday said he would ask a court to rule in the case he filed against Facebook Inc earlier this year over fake bitcoin ads.
Explainer: Big tech probes could break up firms, result in huge fines, or neither
The potential penalties for several wide-ranging investigations into whether Facebook, Google and other big U.S. tech companies used their market power unfairly include everything from breaking up the companies, to large fines and forcing them to create more competition.
Elliott questions AT&T's Time Warner purchase, calls for asset sales
Activist investor Elliott Management Corp on Monday questioned AT&T Inc's $85 billion takeover of Time Warner and called for the wireless carrier to sell non-core businesses to boost its stock price, driving its shares their highest in a year.
Trump calls activist shareholder moves on AT&T 'great news'
U.S. President Donald Trump on Monday weighed in on activist investor Elliott Management Corp's moves targeting AT&T Inc , calling the hedge fund's actions "great news" and repeating his criticism of the wireless carrier's CNN news division.
Mexico in talks with digital platforms about taxes: minister
Mexican Finance Minister Arturo Herrera said on Monday that his government is in talks with digital platforms about taxes, aiming to ensure that all corporations pay their share.
Portuguese police bust darknet-based counterfeit cash network
Portugal has broken up a counterfeit money ring that used dark websites to sell fake banknotes in exchange for virtual currency, arresting five people including the suspected kingpin who was extradited from Colombia, police said on Monday.
Elliott urges AT&T to sell assets, questions Time Warner deal
AT&T Inc shareholder Elliott Management Corp on Monday called for the wireless carrier to sell some of its non-core businesses and cut costs in an effort to return more value to shareholders, sending its shares up 10%.
China Telecom, Unicom will team up to build 5G network
Two of China's big three state telecom companies, China Telecom and China Unicom, are working together to build a 5G mobile network in a cost-cutting venture that could crimp orders for vendors such as Huawei Technologies.
Huawei feels no big impact from Czech, Polish security fears
Security concerns in Poland and the Czech Republic over telecoms equipment made by Huawei Technologies have not had a significant business impact despite creating uncertainty, a deputy head of central Europe and the Nordics said.
Shareholder Elliott urges restructuring at AT&T
AT&T Inc shareholder Elliott Management Corp on Monday called the wireless carrier "deeply undervalued" and urged it to restructure its business, including cutting costs in units, to increase shareholder value.
Thailand's Central, China's JD.com launch financial services app Dolfin
Thailand's largest retailer, Central Group, and China's JD.com on Monday launched an financial services app to expand services with local banks in the latest move by the mall operator to increase its digital presence.
U.S. states kick off antitrust probe expected to focus on Google
Texas Attorney General Ken Paxton on Monday will detail a multi-state antitrust probe of potentially anticompetitive practices at major U.S. technology companies, which is expected to focus on Alphabet's Google.
Uber Eats to pull out of South Korea amid tough competition
Uber Technologies Inc's restaurant delivery business will terminate its service in South Korea, Uber Eats said on Monday.
Alibaba set for 'big challenge' as flamboyant chairman Ma departs
Alibaba Group chairman Jack Ma will step down from the Chinese firm on Tuesday, leaving his handpicked successor a daunting task of steering the $460 billion juggernaut at a time when the market for its core e-commerce business has slowed sharply.
Google, Facebook rebuff Russia over political advertising accusation
Google said on Monday that it supported responsible political advertising that complies with local legislation, after Russia accused it of circulating such advertising during local elections at the weekend.
Facebook denies it is to blame after Russian political advertising accusation
Facebook said on Monday that advertisers, not it, were responsible for complying with local election laws after Russia accused the tech giant of allowing political advertising during regional elections the previous day.
Google rebuffs Russia over political advertising accusation
Google said on Monday it supported responsible political advertising that complied with local legislation, after Russia accused it of allowing such advertising during regional elections the previous day despite being asked to remove it.
Apple, Foxconn say they overly relied on temporary workers in China
Apple Inc and manufacturing partner Foxconn Technology Co Ltd on Monday rebutted allegations of lapses in people management leveled by a non-profit monitor of worker rights, though confirmed they employed too many temporary workers.
U.S. charges Chinese professor in latest shot at Huawei
U.S. prosecutors have charged a Chinese professor with fraud for allegedly taking technology from a California company to benefit Huawei, in another shot at the embattled Chinese telecommunications equipment maker.
Australia gives banking license to mobile startup firm Xinja
Australia granted a new banking license to online-only banking firm Xinja Bank on Monday, allowing the startup to compete against the country's "Four Big" lenders that dominate the sector.
Russia says Facebook, Google distributed political ads on election day
Russian state communications watchdog Roskomnadzor said tech giants Google and Facebook had allowed political advertising during Sunday's regional elections despite being asked to ban such publicity.
Roku targets UK as smart TV platform duel with Amazon hots up
Streaming company Roku, whose software runs one in three smart TVs in the United States, is turning to the British market as competition with Silicon Valley giant Amazon goes international.
Alphabet says received civil investigative demand from U.S. DoJ
Alphabet Inc said on Friday it had received a civil investigative demand from the U.S. Department of Justice on Aug. 30 seeking information and documents relating to its prior antitrust investigations in the United States and elsewhere.
Exclusive: WeWork to press on with IPO launch despite valuation concerns - sources
WeWork owner The We Company plans to proceed with an investor roadshow for its initial public offering (IPO) as early as next week, braving concerns over the valuation it can achieve in a listing, people familiar with the matter said on Friday.
U.S. states launch antitrust probes of tech companies, focus on Facebook, Google
Two groups of U.S. state attorneys general on Friday announced separate antitrust probes of large tech companies such as Alphabet's Google and Facebook .
Apple says Uighurs targeted in iPhone attack but disputes Google findings
Apple Inc on Friday confirmed that China's Uighurs, a mostly Muslim minority group considered a security threat by Beijing, had been the target of attacks due to iPhone security flaws, but disputed rival Alphabet Inc's description of the effort to track users of the smartphone in real time.
Symantec receives interest from buyout firms Permira, Advent: WSJ
Symantec Corp has received interest from private equity firms Permira and Advent International Corp seeking to buy the cyber security company for more than $16 billion after it agreed to a sale of a big chunk of its business, the Wall Street Journal reported on Friday.





