In 2016, KrebsOnSecurity exposed a network of phony Web sites and fake online reviews that funneled those seeking help for drug and alcohol addiction toward rehab centers that were secretly affiliated with the Church of Scientology. Not long after the story ran, that network of bogus reviews disappe...
Tencent and JD.com invest in Leshi's smart-TV unit
HONG KONG (Reuters) - Technology giants Tencent, JD.com and TCL are among investors in Chinese TV maker New Leshi Zhixin, its controlling shareholder Leshi Internet Information and Technology said on Wednesday.
U.S. cryptocurrency project gets $133 million investment from big investors
NEW YORK (Reuters) - A start-up launched by three Princeton University graduates for a new cryptocurrency has raised $133 million from a slew of big investors in a private placement, Intangible Labs Chief Executive Officer and co-founder Nader Al-Naji said on Wednesday.
VW's Electrify America to install EV chargers at Walmart stores
DETROIT (Reuters) - Volkswagen AG unit Electrify America will install electric vehicle charging stations at more than 100 Walmart Inc store locations in 34 U.S. states by mid-2019 as part of Electrify's plans to bolster charging infrastructure across the country, the two companies said on Wednesday.
Iran bans state bodies from using Telegram app, Khamenei shuts account
LONDON (Reuters) - Iran banned government bodies on Wednesday from using the popular Telegram instant messaging app as Supreme Leader Ayatollah Ali Khamenei's office said his account would shut down to protect national security, Iranian media reported.
China's ZTE delays earnings release following U.S. export ban
(Reuters) - Chinese smartphone maker ZTE Corp on Wednesday postponed the release of quarterly earnings, saying it needs time to assess the impact of a U.S. government order that bans American companies from selling it parts.
Uber doubling down on India investments after exiting Southeast Asia
NEW DELHI (Reuters) - Ride-hailing giant Uber Technologies Inc [UBER.UL] is "doubling down" on its investments in India, one of its biggest markets, after its recent exit from Southeast Asia, its chief operating officer said on Wednesday.
Explainer: Ant Financial's $150 billion valuation, and the big recent bump-up
HONG KONG (Reuters) - Ant Financial's rapid climb to become the world's biggest super unicorn valued by some investors at around $150 billion showcases investor enthusiasm for the biggest Chinese tech companies and also how quickly valuations can shift. Just two months ago, bankers and investors wer...
China's JD.com makes push to lure European luxury brands
MADRID (Reuters) - Chinese e-commerce company JD.com made a pitch on Wednesday to attract more European luxury brands to its site, saying it can offer faster delivery and better protection against fakes than bigger rival Alibaba Group Holding.
Amazon launches international shopping from United States
(Reuters) - Amazon.com Inc has launched an international shopping feature that will enable customers across the world to shop more than 45 million items that can be shipped to their country from the United States.
Facebook says users must accept targeted ads even under new EU law
MENLO PARK, Calif. (Reuters) - Facebook Inc said on Tuesday it would continue requiring people to accept targeted ads as a condition of using its service, a stance that may help keep its business model largely intact despite a new European Union privacy law.
Carl Icahn buys stake in software provider VMware: CNBC
(Reuters) - Billionaire investor Carl Icahn has acquired a stake in cloud computing platform VMware Inc , CNBC reported on Tuesday.
Airlines back creation of global drone registry: IATA
MONTREAL/SINGAPORE (Reuters) - The world's airlines are backing the development of a United Nations-led global registry for drones, as a rise in near collisions by unmanned aircraft and commercial jets fuels safety concerns, an executive of their trade group said on Tuesday.
IBM first-quarter margins miss estimates, shares fall
(Reuters) - International Business Machines Corp posted profit margins that fell short of Wall Street expectations on Tuesday, a sign that its reinvention was taking time.
China's ZTE may lose Android license as U.S. market woes build
SAN FRANCISCO/WASHINGTON (Reuters) - Chinese smartphone maker ZTE Corp's U.S. woes deepened on Tuesday, as regulators proposed new rules that could cut into its sales, while a supply ban means it may not be able to use Android software in its devices, according to a source.
IRS gives taxpayers one-day extension after computer glitch
WASHINGTON (Reuters) - U.S. Internal Revenue Service said it would give taxpayers an additional day to file their 2017 returns after computer problems prevented some people from filing or paying their taxes ahead of Tuesday's midnight deadline.
Tesla aiming to build 6,000 Model 3 cars per week by end-June: report
SAN FRANCISCO (Reuters) - Tesla Inc is aiming to ramp up production to 6,000 Model 3 cars per week by the end of June to reach its weekly goal of 5,000 and allow for a margin of error, automotive news website Electrek reported on Tuesday, citing a letter to employees from Chief Executive Elon Musk.
China's ZTE may lose Android software license as U.S. market woes build
SAN FRANCISCO/WASHINGTON (Reuters) - ZTE Corp may not be able to use Google's Android operating system in its mobile devices after the U.S. limited ZTE's access to American suppliers this week, a source familiar with the matter said on Tuesday, potentially adding another drag on U.S. sales for the C...
Tesla aims to make 6,000 Models 3 cars per week by end-June: report
(Reuters) - Tesla Inc is aiming to produce 6,000 Model 3 cars per week by the end of June to reach its weekly production target of 5,000 after accounting for a margin of error, automotive news website Electrek reported on Tuesday.
IBM full-year profit forecast misses estimates, shares fall
(Reuters) - International Business Machines Corp's full-year profit forecast fell short of Wall Street targets on Tuesday, sending the technology company's shares down as much as 6 percent.
U.S. regulator backs new rules for telecom that could hurt ZTE, Huawei
WASHINGTON (Reuters) - The top U.S. telecommunications regulator agreed on Tuesday to advance rules barring government programs from buying from companies that pose a security threat to the U.S. telecom networks, rulemaking that would hurt U.S. sales of Chinese telecommunications companies Huawei an...
Tesla aims to produce 6,000 Models 3s per week by June end: Electrek
(Reuters) - Tesla Inc is aiming to produce 6,000 Model 3 units per week by the end of June to achieve its target of 5,000 units per week after accounting for a margin of error, Electrek reported, citing CEO Elon Musk's email to employees.
IBM full-year profit forecast misses, shares fall
(Reuters) - International Business Machines Corp reported full-year profit forecast that missed Wall Street expectations, sending the shares of the company down 6 percent in extended trading.
IRS hit with computer glitch as midnight tax deadline looms
WASHINGTON (Reuters) - The U.S. Internal Revenue Service's computers suffered a technical problem that prevented some taxpayers from filing or paying their 2017 returns on Tuesday ahead of a midnight deadline.
Investor urges Facebook to set up risk oversight committee
(Reuters) - An activist hedge fund that wants Facebook to set up a risk oversight committee asked fellow shareholders on Tuesday to back the proposal, highlighting investor concerns over the company's handling of controversies such as the recent data privacy row.
Russia blocks Google, Amazon IP addresses in bid to ban Telegram
MOSCOW (Reuters) - Russia's state communications regulator on Tuesday said it had blocked IP addresses owned by Google and Amazon, saying they were being used by the Telegram messaging service which Moscow moved to ban this week.
Cambridge Analytica planned to issue digital currency: sources
NEW YORK (Reuters) - Cambridge Analytica was planning to raise money by issuing a new type of digital currency before it became embroiled in a scandal surrounding the misuse of Facebook Inc personal data, sources familiar with the matter told Reuters on Tuesday.
New York seeks more information from crypto exchanges
(Reuters) - New York Attorney General Eric Schneiderman on Tuesday sought information from 13 cryptocurrency trading platforms, including Coinbase Inc and Gemini Trust, about their operations such as fee structures and safety measures to protect customer accounts.
Europe's venture capitalists embrace virtual currency craze
LONDON (Reuters) - Some of Europe's biggest venture capital firms are buying into sales of new virtual coins or asking their investors to give them the freedom to do so, in a sign of mainstream investor backing for the booming but controversial crowd-funding tool.
Twitter surges after Morgan Stanley raises from 'underweight'
SAN FRANCISCO (Reuters) - Shares of Twitter Inc surged nearly 11 percent on Tuesday and were on track for their best session in two months after Morgan Stanley upgraded its recommendation on the social network to "equal-weight" from "underweight".