Adobe Fined $1M in Multistate Suit Over 2013 Breach; No Jail for Spamhaus Attacker

Adobe will pay just $1 million to settle a lawsuit filed by 15 state attorneys general over its huge 2013 data breach that exposed payment records on approximately 38 million people. In other news, the 39-year-old Dutchman responsible for coordinating an epic, weeks-long distributed denial-of-servic...

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Twitter CEO apologizes for allowing white supremacist ad

Jack Dorsey, CEO of Square and CEO of Twitter, speaks during an interview November 19, 2015. REUTERS/Lucas Jackson/Files

Europe launches four satellites for Galileo satnav system

FRANKFURT (Reuters) - Europe launched four more Galileo satellites on Thursday, moving a step closer to having its own navigation system and marking the first time it has sent up so many satellites at once.

German minister says Facebook should be treated as a media company

BERLIN (Reuters) - Germany's Justice Minister says he believes Facebook Inc. should be treated like a media company rather than a technology platform, suggesting he favors moves to make social media groups criminally liable for failing to remove hate speech.

McDonald's to debut mobile ordering in U.S. in 2017

NEW YORK/LOS ANGELES(Reuters) - McDonald's Corp will debut mobile ordering in the United States and 10 major markets in 2017, as part of the fast-food chain's effort to win back customers by becoming a "modern, progressive burger company," executives said on Thursday.

Liberty says Vodafone Dutch joint venture 'probably not' a template for more deals

BARCELONA (Reuters) - Liberty Global's chief executive said the cable group's joint venture with mobile operator Vodafone in the Netherlands did not signal more deals between the two companies in Europe.

AOL to cut 500 jobs, mostly in corporate units: source

(Reuters) - Verizon Communications Inc's AOL digital media unit will lay off 5 percent of its workforce, or about 500 people, to consolidate operations after recent acquisitions, a person familiar with the situation said on Thursday.

Free mobile service FreedomPop enters refurbished phone market

BARCELONA (Reuters) - FreedomPop, a U.S.-based free mobile phone service provider, plans to begin selling refurbished, used smartphones in several American and European markets for a fraction of the cost of new handsets.

Alibaba, Tencent back Chinese cyber law facing overseas critics

WUZHEN, China (Reuters) - China's Alibaba Group Holding Ltd and Tencent Holdings Ltd rallied behind Beijing's recently-imposed cyber security law on Thursday, following criticism of it from overseas technology rivals.

Huawei hopes cheaper Nova will maintain smartphone growth in Africa

CAPE TOWN (Reuters) - China's Huawei, the world's third-largest smartphone maker, will launch its new cheaper Nova smartphone in South Africa and Kenya early next year, looking to maintain double-digit sales growth in the continent led by its flagship P9 series.

Tata Consultancy Services calls Dec. 13 shareholder meeting for Mistry vote

MUMBAI (Reuters) - India's Tata Consultancy Services said on Thursday that the company would hold an extraordinary general meeting on Dec. 13 to decide on the removal of former chairman Cyrus Mistry as director from the company's board.

Merkel says old must learn from tech-savvy young in digital age

BERLIN (Reuters) - Older Germans will have to get used to taking instructions from tech-savvy youngsters if Germany is to succeed in transitioning to the digital age, Chancellor Angela Merkel said on Thursday.

Volkwsagen, Didi Chuxing plan high-end car hailing service in China

A mascot of Didi Chuxing is seen at the company's headquarters in Beijing, China, May 18, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Russia begins process to block Linkedin website

The logo for LinkedIn Corporation is shown in Mountain View, California, U.S. February 6, 2013. REUTERS/Robert Galbraith/File Photo

Uber says Taiwan's steps against it hurt citizens, deter foreign investment

A photo illustration shows the Uber app logo displayed on a mobile telephone, as it is held up for a posed photograph in central London, Britain October 28, 2016. REUTERS/Toby Melville/Illustration

Toyota to create new team for electric cars

View of a Toyota logo on a wheel at the Mondial de l'Automobile, Paris auto show, during media day in Paris, France, September 30, 2016. REUTERS/Jacky Naegelen/File Photo

SpaceX seeks U.S. approval for internet-via-satellite network

SpaceX CEO Elon Musk unveils his plans to colonize Mars during the International Astronautical Congress in Guadalajara, Mexico, September 27, 2016. REUTERS/Stringer

Chinese IoT Firm Siphoned Text Messages, Call Records

A Chinese technology firm has been siphoning text messages and call records from cheap Android-based mobile smart phones and secretly sending the data to servers in China, researchers revealed this week. The revelations came the same day the White House and the U.S. Department of Homeland Secur...

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Chinese IoT Firm Siphoned Text Messages, Call Records

A Chinese technology firm has been siphoning text messages and call records from cheap Android-based mobile smart phones and secretly sending the data to servers in China, researchers revealed this week. The revelations came the same day the White House and the U.S. Department of Homeland Secur...

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Cisco reports 2.6 percent fall in quarterly revenue

(Reuters) - Cisco Systems Inc reported a 2.6 percent drop in quarterly revenue, largely hurt by waning demand for its legacy switches business.

Mouse-maker Logitech finds success by moving beyond PC legacy

BARCELONA (Reuters) - Pioneering computer mouse maker Logitech isn't ready to walk away from the personal computer business just yet, even though its chief executive spends all his time these days thinking how to expand into faster-growing accessory markets.

Google CEO to meet with EU antitrust chief on Friday

(Reuters) - The chief executive of Alphabet Inc's Google and the European Union's antitrust chief will meet on Friday, following the U.S. technology group's formal rejection this month of a spate of charges, including blocking rivals in online search advertising.

Twitter suspends accounts of some alt-right figures: USA Today

(Reuters) - Twitter has suspended several accounts linked to the alt-right movement, a loosely organized group that embraces far-right ideologies including white nationalism, USA Today reported.

Apple, tech stocks show signs of life after Trump thump

Shares of Apple gain 2.3 pct on Wednesday in their biggest increase since President-elect Donald Trump's surprise election victory a week ago

Facebook aims for more transparency with video ad data

(Reuters) - Two months after Facebook Inc admitted it had inflated the average time it told advertisers that users were watching their video ads, the company is promising better data to give ad buyers a clearer picture of how they are spending their money.

Koch Industries' investment arm buys more than $2 billion stake in Infor

SAN FRANCISCO (Reuters) - The investment arm of Koch Industries, the industrial conglomerate of the billionaire Koch brothers, is spending more than $2 billion to take a significant stake in enterprise software provider Infor, the companies said on Wednesday.

Indian IT sector lobby group cuts growth forecast for FY17

MUMBAI (Reuters) - India's IT services sector will likely grow slower than expected this financial year as local and global factors weigh on the outsourcing industry, a leading local industry lobby group said on Wednesday.

China's Xi urges cooperation among nations in governance of global internet

WUZHEN, China (Reuters) - Chinese President Xi Jinping on Wednesday called for greater cooperation among nations in developing and governing the internet, while reiterating the need to respect so-called "cyber sovereignty".

Taiwan to ask for removal of Uber apps from Apple, Google app stores

TAIPEI (Reuters) - Taiwan plans to ask Apple Inc and Alphabet Inc's Google to pull apps of Uber Technologies available in Taiwan on their app stores, a government official said, upping pressure on the ride-hailing firm that is locked in a dispute with the island.

Microsoft offers EU concessions over its $26 billion LinkedIn bid

BRUSSELS (Reuters) - Microsoft has offered concessions to EU antitrust regulators over its $26 billion bid for social network LinkedIn, the European Commission said on Wednesday, as the U.S. software company seeks to allay concerns over its largest ever deal.