LONDON/TOKYO (Reuters) - Bitcoin fell as much as 20 percent on Wednesday, piercing below $10,000, while other cryptocurrencies took similar spills due to investor fears that regulators could clamp down on them in an effort to curb speculation. The world’s biggest and best-known cryptocurrency ...
Apple plans second U.S. campus, to pay $38 billion in foreign cash taxes
(Reuters) - Apple Inc (AAPL.O) will open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. Presi...
Tom Siebel's billion-dollar software firm raises $100 million
SAN FRANCISCO (Reuters) - C3 IoT, a software company founded and run by longtime Silicon Valley executive Thomas Siebel that helps companies collect and analyze data, has raised another $100 million in a new funding backed by TPG Growth, the company said on Wednesday. The valuation of C3 IoT was not...
FTC investigating Broadcom for antitrust practices
(Reuters) - The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, the company said on Wednesday. The company was recently issued subpoenas that seek an extensive amount of information, according...
Facebook widens probe into alleged Russian meddling in Brexit
SAN FRANCISCO (Reuters) - Facebook Inc (FB.O) said on Wednesday it would conduct a new, comprehensive search of its records for possible propaganda that Russian operatives may have spread during the run-up to Britain’s 2016 referendum on EU membership. Some British lawmakers had complained tha...
Some Basic Rules for Securing Your IoT Stuff
Most readers here have likely heard or read various prognostications about the impending doom from the proliferation of poorly-secured “Internet of Things” or IoT devices. Loosely defined as any gadget or gizmo that connects to the Internet but which most consumers probably wouldn’...
Some Basic Rules for Securing Your IoT Stuff
Most readers here have likely heard or read various prognostications about the impending doom from the proliferation of poorly-secured “Internet of Things” or IoT devices. Loosely defined as any gadget or gizmo that connects to the Internet but which most consumers probably wouldn’...
FTC probing Broadcom for antitrust practices: source
(Reuters) - The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, according to a person familiar with the matter. The Wall Street Journal was the first to report the probe on Wednesday. The comp...
Apple to pay $38 billion in U.S. taxes on foreign cash, open new campus
(Reuters) - Apple Inc (AAPL.O) on Wednesday said it will make about $38 billion in tax payments on its overseas cash and plans to open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan. Apple said it plans a wave of investing and hiring in the United States and will create 2...
Apple to pay $38 billion in repatriation tax
(Reuters) - Apple Inc (AAPL.O) will make about $38 billion in tax payments to bring funds kept overseas back to the United States under new federal tax laws, the company said on Wednesday. Apple said it expected to invest over $30 billion in the United States over the next 5 years, and would create ...
Twitter may notify users exposed to Russian propaganda during 2016 election
WASHINGTON (Reuters) - Twitter may notify users whether they were exposed to content generated by a suspected Russian propaganda service, a company executive told U.S. lawmakers on Wednesday. The social media company is “working to identify and inform individually” its users who saw twee...
Bitcoin slumps below $10,000, half its peak, as regulatory fears intensify
LONDON/TOKYO (Reuters) - Bitcoin skidded below $10,000 on Wednesday, halving in value from its peak price, with investors gripped by fears regulators could clamp down on the volatile cryptocurrency that sky-rocketed last year. The price of bitcoin, the world’s biggest and best known cryptocurr...
Citi sees bitcoin potentially halving in value again
NEW YORK (Reuters) - Bitcoin may lose 50 percent of its value from its current level as fears over regulatory clamp-downs have spurred a rout among cryptocurrencies this week, Citi analysts said on Wednesday. The world’s biggest and best known digital currency, which fell below $10,000 on Wedn...
IBM shares rise after Barclays double upgrade
(Reuters) - Shares in International Business Machines rose nearly 2 percent on Wednesday, helped by a double-notch upgrade for the company from Barclays ahead of fourth-quarter results on Thursday. Barclays cited a handful of reasons for moving the stock to “overweight” from “under...
Bitcoin slumps to $10,000, half its peak price, as regulatory fears grow
LONDON/TOKYO (Reuters) - Bitcoin skidded a further 12 percent on Wednesday, marking an almost halving in value from its peak price, with investors spooked by fears regulators could clamp down on the volatile cryptocurrency that skyrocketed last year. The price of bitcoin, the world’s biggest a...
Bitcoin jolted by regulation worries, tumbles 11 percent on extended sell-off
TOKYO/LONDON (Reuters) - Bitcoin skidded more than 11 percent on Wednesday, extending a precipitous downturn in fortunes with investors spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year. The price of the world’s biggest and best known cryptoc...
Philippine lawmakers worry China Telecom may be a 'Trojan horse'
MANILA (Reuters) - Opposition members of the Philippine Congress raised concern on Wednesday that China Telecom Corp Ltd, which may enter the Philippine industry, could be a “Trojan horse” aimed at giving China access to state secrets. The Southeast Asian country aims to name a third tel...
Standard Chartered creates fintech investment unit
LONDON (Reuters) - Standard Chartered said on Wednesday it had established a business unit to invest in financial technology and promote innovation. Dubbed SC Ventures, it will include internal consultants to help the rest of the group solve problems with technology and a team to sponsor and oversee...
Bitcoin jolted by regulation worries, falls 7 percent on extended selloff
TOKYO/SINGAPORE (Reuters) - Bitcoin extended its sharp tumble of the past 24 hours, skidding more than seven percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year. The price of the ...
Microsoft tops Thomson Reuters top 100 global tech leaders list
(Reuters - Thomson Reuters Corp (TRI.TO) on Wednesday published its debut “Top 100 Global Technology Leaders” list with Microsoft Corp (MSFT.O) in the no. 1 spot, followed by chipmaker Intel Corp (INTC.O) and network gear maker Cisco Systems Inc (CSCO.O). The list, which aims to identify...
Don't Login on Untrusted Computers
We want you to be able to make the most of technology at all times, including when you travel. In this newsletter, we cover how you can connect to the Internet and use your devices securely on the road. Pre-check While your network at home or at work may be secure, you should assume that any network...
Bitcoin falls more than 7 percent as regulation worries mount
TOKYO (Reuters) - The price of bitcoin extended its sharp tumble of the past 24 hours, dropping more than seven percent on the Bitstamp exchange on Wednesday, spooked by worries regulators may try to clamp down on the highly-volatile trading in the digital currency. Bitcoin fell to as low as $10,567...
Senate advances bill to renew NSA's internet surveillance program
WASHINGTON (Reuters) - The U.S. Senate on Tuesday advanced a bill to renew the National Security Agency’s warrantless internet surveillance program, as a final push by privacy advocates to derail the measure came up short. The legislation narrowly cleared the procedural 60-vote threshold requi...
Automakers, U.S. lawmakers hope for progress on self-driving car bill
DETROIT (Reuters) - Automakers and lawmakers expressed hope on Tuesday that U.S. Congress would soon pass a stalled bill aimed at speeding self-driving cars to market, even as safety advocates argued for more performance requirements. The U.S. House of Representatives in September unanimously approv...
21 states sue to keep net neutrality as Senate Democrats reach 50 votes
(Reuters) - A group of 21 U.S. state attorneys general filed suit to challenge the Federal Communications Commission’s decision to do away with net neutrality on Tuesday while Democrats said they needed just one more vote in the Senate to repeal the FCC ruling. The state attorneys, including t...
U.S. Senate Democrats close to majority in drive to restore net neutrality
(Reuters) - U.S. Senate Democrats said on Tuesday they had the backing of 50 members of the 100-person chamber to overturn the U.S. Federal Communications Commission’s decision to reverse the Obama administration’s net neutrality rules, leaving them just one vote short of a majority. Sen...
U.S. lawmaker asks Intel, others for briefing on chip flaws
WASHINGTON (Reuters) - A Democratic U.S. lawmaker asked Intel Corp and two other microchip makers on Tuesday to provide a briefing on the recently detected Spectre and Meltdown security flaws that could allow hackers to steal information from most computers and devices. “I am looking to better...
Senate Democrats close to majority in drive to restore net neutrality
(Reuters) - U.S. Senate Democrats said on Tuesday they had the backing of 50 members of the 100-person chamber to overturn the U.S. Federal Communications Commission’s decision to reverse the Obama administration’s net neutrality rules, leaving them just one vote short of a majority. Sen...
Bitcoin, other cryptocurrencies tumble on government crackdown worries
LONDON/NEW YORK (Reuters) - Bitcoin slid as much as 18 percent on Tuesday to a four-week low, as worries about a regulatory crackdown on the market spread after reports suggested it was still possible that South Korea could ban trading in cryptocurrencies. Bitcoin’s slide triggered a selloff a...
Senate to vote to renew NSA's internet surveillance program
WASHINGTON (Reuters) - The U.S. Senate on Tuesday planned to vote to advance a bill to renew the National Security Agency’s warrantless internet surveillance program, as privacy advocates made a final push to derail the measure. The legislation would extend the NSA program, which gathers infor...