Israeli tech firm undercuts facial recognition to bolster privacy

TEL AVIV (Reuters) - Big brother is watching. But in the future he may no longer be so all-knowing. Riding the wave of a global push to comply with new privacy standards, a small Israeli company believes it can help you, and your face, stay anonymous in a hyper-connected world. The startup, called D...

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Toshiba names ex-banker as CEO, seen tackling opposition to chip unit sale

TOKYO (Reuters) - Toshiba Corp appointed a former banker experienced in dealing with distressed companies as CEO, and forecast its first annual profit in four years, helped by a buoyant chip business that it has agreed to sell. Incoming CEO Nobuaki Kurumatani, 60, will be tasked with ensuring the sm...

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Mi mi mi: super fans of China's Xiaomi stoke IPO ambitions

BEIJING/SHANGHAI (Reuters) - Wang Bin, 29, is a serious “mi fan”, one of the ardent followers of Xiaomi Technology Co Ltd, the maker of smartphones and other electronic products that looks headed for a big initial public offering, perhaps as early as this year. Wang’s house is a Xi...

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Walmart goes to the cloud to close gap with Amazon

SAN BRUNO/SUNNYVALE, Calif. (Reuters) - One of Walmart Inc’s best chances at taking on Amazon.com Inc in e-commerce lies with six giant server farms, each larger than ten football fields. These facilities, which cost Walmart millions of dollars and took nearly five years to build, are starting...

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Toshiba appoints ex-banker as CEO, forecasts first profit in four years

TOKYO (Reuters) - Toshiba Corp appointed a former banker from a key creditor bank as CEO and forecast its first annual profit in four years, making progress in its efforts to recover from billions of dollars in losses at its U.S. nuclear unit Westinghouse. Nobuaki Kurumatani, a former executive of S...

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Sam's Club consolidates membership structure, offers free shipping

(Reuters) - Warehouse chain Sam’s Club, a unit of Walmart Inc, said on Wednesday it will consolidate its membership structure for customers and improve its e-commerce offerings by adding free shipping and opening more e-commerce warehouses this year. The company last month shut 63 stores, or a...

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Lock Your Mobile Devices

The number one step for protecting your mobile device is making sure it has a strong passcode or password lock on it so only you can access it.

Toshiba says to appoint ex-banker as next CEO

TOKYO (Reuters) - Japan’s Toshiba Corp said on Wednesday it is appointing Nobuaki Kurumatani, a former executive of Sumitomo Mitsui Financial Group, as its chairman and chief executive. Incumbent CEO, Satoshi Tsunakawa, will become chief operating officer and retain his role as president, the ...

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Uber's fourth-quarter loss narrows to $1.1 billion: source

(Reuters) - Uber Technologies Inc [UBER.UL] narrowed its fourth-quarter loss to $1.1 billion from a loss of $1.46 billion in the previous quarter, a person familiar with the matter told Reuters. The ride-hailing company’s quarterly revenue rose 11.8 percent to $2.2 billion from its previous qu...

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Airbnb's 'Experiences' business on track for 1 million bookings, profitability

SAN FRANCISCO (Reuters) - Airbnb Inc’s year-old tours and activities business is booking tens of thousands of travelers every month and is likely to be profitable late next year, the company said on Tuesday, highlighting success in its efforts to grow beyond renting rooms and homes. More than ...

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Shareholder Deason sues Xerox in U.S. to block Fujifilm deal

(Reuters) - Xerox Corp (XRX.N) shareholder Darwin Deason asked a court on Tuesday to block the company’s merger with Japan’s Fujifilm Holdings Corp (4901.T), claiming the U.S. photocopier maker’s board failed shareholders by approving a deal that undervalues the company. The lawsui...

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China's Baidu posts 29 percent rise in revenue

(Reuters) - China’s Baidu Inc reported a 29.3 percent jump in quarterly revenue on Tuesday, helped by strong performance in its core search engine business. Net income attributable to Baidu rose to 4.16 billion yuan ($656.4 million) in the fourth quarter ended Dec. 31, from 4.13 billion yuan a...

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Twitter's CEO downplays chatter about possible acquisition

SAN FRANCISCO (Reuters) - Twitter Inc Chief Executive Jack Dorsey said on Tuesday that he saw value in the social media network remaining an independent company, downplaying recent speculation by analysts that it could be an acquisition target. “I’ve always thought that there’s a l...

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Microsoft Patch Tuesday, February 2018 Edition

Microsoft today released a bevy of security updates to tackle more than 50 serious weaknesses in Windows, Internet Explorer/Edge, Microsoft Office and Adobe Flash Player, among other products. A good number of the patches issued today ship with Microsoft’s “critical” rating, meanin...

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Microsoft Patch Tuesday, February 2018 Edition

Microsoft today released a bevy of security updates to tackle more than 50 serious weaknesses in Windows, Internet Explorer/Edge, Microsoft Office and Adobe Flash Player, among other products. A good number of the patches issued today ship with Microsoft’s “critical” rating, meanin...

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NY top court says 'private' Facebook photos can be disclosed

NEW YORK (Reuters) - New York state’s highest court ruled on Tuesday that Facebook users may be required to turn over photos and other information that are relevant to litigation, even if they are shielded by “privacy” settings. By a 7-0 vote, the Court of Appeals reinstated a tria...

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Apple CEO downplays special dividend at shareholder meeting

(Reuters) - Apple Inc Chief Executive Tim Cook downplayed a suggestion that the company might issue a special dividend to shareholders with some of the $285 billion in cash that the company is now able to bring back from overseas. At an annual shareholder meeting at Apple Park in Cupertino on Tuesda...

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Apple shareholders defeat two proposals at annual meeting

(Reuters) - Apple Inc Chief Executive Tim Cook downplayed a suggestion that the company might issue a special dividend to shareholders with some of the $285 billion in cash that the company is now able to bring back from overseas. At an annual shareholder meeting at Apple Park in Cupertino on Tuesda...

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Deason sues Xerox to block deal with Fujifilm

(Reuters) - Xerox Corp (XRX.N) shareholder Darwin Deason asked courts on Tuesday to block the company’s merger with Japan’s Fujifilm Holdings (4901.T), claiming board members at the U.S. photocopier maker had failed in their duty to shareholders. Deason and fellow shareholder Carl Icahn ...

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U.S. senators voice concern over Chinese access to intellectual property

WASHINGTON (Reuters) - Leaders of the U.S. Senate Intelligence Committee said on Tuesday they were concerned about what they described as China’s efforts to gain access to sensitive U.S. technologies and intellectual property through Chinese companies with government ties. Senator Richard Burr...

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Telegram app was targeted by crypto mining malware, Kaspersky Lab says

MOSCOW (Reuters) - Previously undetected malware directed at users of the desktop version of the messaging app Telegram has been discovered by the Russian security firm Kaspersky Lab, Kaspersky said on Tuesday. The malicious software has been used to target Russian users since March 2017, Kaspersky ...

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Google to debut emails that automatically update

SAN FRANCISCO (Reuters) - Gmail is about to get dynamic. Alphabet Inc’s (GOOGL.O) Google on Tuesday plans to demonstrate a software programming system that would enable emails to feature continuously updating information and greater interactivity. Users could see automatically updated flight i...

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Daimler warns of supply chain risk from switch to electric cars

FRANKFURT (Reuters) - Daimler AG, owner of the Mercedes-Benz brand, warned that a fall in demand for diesel cars and a switch to electric vehicles could force it to prop up its supplier base.

UK initiative seeks Israeli digital health tech to assist NHS

TEL AVIV (Reuters) - The British embassy in Israel said on Tuesday it has launched a program designed to help incorporate Israeli digital health technology into the UK and its National Health Service (NHS).

Russia says hackers stole more than $17 million from its banks in 2017

MAGNITOGORSK, Russia (Reuters) - Hackers stole more than 1 billion roubles ($17 million) from Russian banks using the Cobalt Strike security-testing tool in 2017, a central bank official said on Tuesday. Russia is under intense scrutiny over cyber crime following allegations hackers backed by Moscow...

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IBM sues former HR boss hired by Microsoft

(Reuters) - International Business Machines Corp sued its former executive Lindsay-Rae McIntyre, who was named Microsoft Corp’s new chief diversity officer over the weekend, alleging violation of a one-year non-competitive agreement. McIntyre, who “abruptly resigned to compete against IB...

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CEO Fraud

What Is CEO Fraud? Cyber criminals are sneaky—they are constantly coming up with new ways to get what they want. One of their most effective methods is to target people like you. While cyber attackers have learned that unaware people are the weakest link in any organization, they have forgotte...

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Icahn, Deason urge Xerox shareholders to oppose Fujifilm deal

(Reuters) - Xerox Corp’s plan to sell itself to Japan’s Fujifilm Holdings has come under further pressure with Carl Icahn and Darwin Deason urging fellow shareholders to oppose the $6.1 billion deal. The activist shareholders, who own a combined 15 percent of the U.S. printer and copier ...

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South Korea's Samsung Elec extends gains to more than 5 percent

SEOUL (Reuters) - Shares in South Korean tech giant Samsung Electronics jumped more than 5 percent on Tuesday amid strong buying by foreign investors. Samsung shares fell heavily last week as the local bourse was hit by losses on Wall Street, but were now being supported by bargain hunting, analysts...

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Google hires former Samsung executive to coordinate Internet of Things projects

SAN FRANCISCO (Reuters) - Alphabet Inc’s Google this month hired Injong Rhee, who recently resigned as Samsung Electronics Co’s chief technology officer, to lead its Internet of Things business, he said in a LinkedIn post Monday. Google spokeswoman Jane Hynes confirmed to Reuters Rhee&rs...

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