Former Russian Cybersecurity Chief Sentenced to 22 Years in Prison

A Russian court has handed down lengthy prison terms for two men convicted on treason charges for allegedly sharing information about Russian cybercriminals with U.S. law enforcement officials. The men — a former Russian cyber intelligence official and an executive at Russian security firm Kas...

Continue reading

Ex-Cylance, Carbon Black executives' startup raises $20 million in second funding round

Cybersecurity company Obsidian Security raised $20 million in a funding round participated by Greylock Partners, the company told Reuters on Tuesday, a day ahead of a planned announcement.

U.S. consumer regulator forms task force to monitor big tech

The Federal Trade Commission, under pressure to keep closer tabs on big tech companies such as Alphabet's Google and Facebook, said on Tuesday it would create a task force to monitor the sector and investigate anticompetitive conduct.

Tesla's Musk must address SEC contempt bid as he calls agency 'broken'

A federal judge on Tuesday ordered Tesla Inc Chief Executive Elon Musk to explain by March 11 why he should not be held in contempt for violating his fraud settlement with the U.S. Securities and Exchange Commission.

Palo Alto Networks revenue, profit beat Street estimates

Cybersecurity company Palo Alto Networks Inc topped Wall Street estimates for revenue and profit on Tuesday, aided by better-than-expected growth in its product business, sending its shares up 6 percent.

EBay offers concessions to avert fight with Elliott: sources

EBay Inc has informed Elliott Management Corp it is willing to explore shedding some of its key assets and giving the hedge fund board representation in a bid to avert a proxy contest, people familiar with the matter said on Tuesday.

U.S. consumer regulator forms task force to keep an eye on big tech

The Federal Trade Commission, under pressure to keep closer tabs on big tech companies like Alphabet's Google and Facebook, said on Tuesday it would create a task force to monitor the sector and investigate anticompetitive conduct.

Facebook will introduce 'clear history' tool this year: CFO

Facebook Inc will introduce a tool allowing users to clear their browsing history this year, which will affect the company's ability to target advertisements, Chief Financial Officer David Wehner told an investment conference on Tuesday.

Europe calls for facts not fears in Huawei security row

Facts not fears should decide the future of telecoms network security in Europe, industry leaders and policy chiefs said this week, brushing off U.S. calls for a ban on Chinese vendors.

European officials reject SpaceX complaints over launch subsidies

European space officials on Tuesday rejected complaints by U.S. rocket builder SpaceX that subsidies are hampering its access to the European market, arguing the much larger U.S. market is virtually closed to Europe's Ariane satellite launch vehicle.

Facebook expands ad buying options for premium video

Facebook Inc on Tuesday launched new advertising options for its premium video content to attract marketers hoping to buy ad spots in a similar manner to traditional television networks.

Tesla's Musk must address SEC contempt bid as he calls agency 'broken'

A federal judge on Tuesday ordered Tesla Inc Chief Executive Elon Musk to explain by March 11 why he should not be held in contempt for violating his fraud settlement with the U.S. Securities and Exchange Commission.

Tesla's Musk ordered to respond to SEC contempt motion by March 11

A federal judge on Tuesday ordered Tesla Inc Chief Executive Elon Musk to explain by March 11 why he should not be held in contempt for violating a settlement agreement with the U.S. Securities and Exchange Commission.

U.S. says Europe getting its message on 'deceitful' Huawei

European governments are listening to the U.S. message that China's Huawei exposes telecoms networks to security risks, a senior U.S. cyber official said on Tuesday.

Twitter to liaise with India's election body, boost hiring ahead of polls

Twitter Inc plans to boost hiring in India and appoint an officer to liaise with the Election Commission (EC), a senior executive said on Tuesday, responding to concerns about political misuse of social media ahead of this year's general elections.

Malta leads on cryptoassets regulation while EU ponders

As the European Commission ponders whether the European Union needs rules for cryptoassets and trading in virtual currencies, EU states are moving ahead with their own regulations, with the smallest of them, Malta, leading the pack.

U.S. State Department says Europe getting its message on Huawei

European governments are listening to the U.S. message that China's Huawei exposes telecoms networks to security risks, a senior U.S. cyber official said on Tuesday.

Tesla's Musk calls SEC 'broken' in new Twitter spat

Silicon Valley billionaire Elon Musk laid into the U.S. Securities and Exchange Commission again on Tuesday, after it accused the Tesla Inc Chief Executive Officer of violating a fraud settlement in a tweet last week.

Julius Baer gets into crypto banking with SEBA partnership

Julius Baer plans to offer access to digital assets through a partnership with Swiss start-up SEBA Crypto in the latest move into cryptocurrencies by a Swiss private bank.

Exclusive: HSBC probe helped lead to U.S. charges against Huawei CFO

An internal investigation by HSBC Holdings PLC into Huawei Technologies' connections to a suspected front company in Iran found that the Chinese telecommunications equipment maker maintained close financial ties to the firm years after purportedly selling the unit, documents reviewed by Reuters show...

Continue reading

SEC attack on Tesla's Musk pushes shares lower

Shares in Tesla Inc could fall by a fifth in value if the U.S. Securities and Exchange Commission's latest attack on Chief Executive Officer Elon Musk sees the regulator again push for his removal, according to J.P. Morgan analysts.

Telecoms industry sees need to tighten network security, regardless of Huawei

The telecoms industry is acutely aware of the need to ensure that ever-more complex mobile networks are safe, the head of its main lobby group told Reuters, as debate swirls over whether to bar some equipment vendors on national security grounds.

Beijing city targets raising $1.5 billion fund in tech push: sources

An investment firm backed by the Beijing city government is in talks with prospective investors to raise over 10 billion yuan ($1.5 billion) in its first fund aimed mainly at cutting-edge tech investments, said two people with direct knowledge.

SEC seeks contempt charge against Tesla's Musk, says tweet violates deal

The U.S. Securities and Exchange Commission (SEC) is pursuing a contempt order against Tesla Inc CEO Elon Musk, saying he violated a fraud settlement by tweeting material information without preapproval, sending the firm's shares down 5 percent.

Apple supplier AAC Tech suffers stock plunge after profit warning

Apple Inc supplier AAC Technologies Holdings Inc saw its shares dropped 13 percent on Tuesday after the acoustic component maker said it expected first-quarter net profit to fall as much as 75 percent due to reduced orders.

Apple supplier AAC Tech sees shares plunge after profit warning

Shares of Apple Inc supplier AAC Technologies Holdings Inc dropped 13 percent on Tuesday after the acoustic component maker said it expected first-quarter net profit to fall as much as 75 percent due to reduced orders.

Tesla's Musk risks contempt charge as SEC argues tweets violate deal

The U.S. Securities and Exchange Commission on Monday said Tesla Inc Chief Executive Officer Elon Musk had violated a fraud settlement by making new inaccurate statements on Twitter, pursuing a contempt order against the electric car chief and sending shares of the company down 5 percent in extended...

Continue reading

Shares of Apple supplier AAC Tech set to slide after profit warning

Shares of Apple Inc supplier AAC Technologies were set to slide 10 percent on Tuesday after the acoustic component maker said it expected its first-quarter profit to fall by up to 75 percent due to reduced orders.

SEC asks U.S. judge to hold Tesla's Musk in contempt of violating deal

The U.S. Securities and Exchange Commission on Monday said a federal court should hold Tesla Inc Chief Executive Officer Elon Musk in contempt for violating last year's settlement with the federal regulatory agency due to new statements made on Twitter, sending shares of the electric carmaker down 5...

Continue reading

SEC asks judge to hold Tesla's Musk in contempt of violating deal

The U.S. Securities and Exchange Commission on Monday said a federal court should hold Tesla Inc Chief Executive Officer Elon Musk in contempt for violating last year's settlement with the federal agency due to new statements made on Twitter, sending shares of the electric carmaker down 5 percent in...

Continue reading