Category: Biz Tech

Plastic caution tape marks a small construction area on the exterior of the U.S. Internal Revenue Service (IRS) building in Washington May 27, 2015. Reuters/Jonathan Ernst WASHINGTON A massive breach of U.S. federal computer networks disclosed this week is the latest in a flood of attacks by suspected Chinese hackers aimed at grabbing personal data, industrial secrets and weapons plans from government and private computers. The Obama administration on Thursday disclosed the breach of computer systems at the Office of Personnel Management

The Apple logo is seen at the flagship Apple retail store in San Francisco, California April 27, 2015. Reuters/Robert Galbraith/Files Apple is planning to introduce its mobile payment system, Apple Pay, to Britain this summer, The Telegraph reported on Saturday, citing industry sources. Apple is expected to make the announcement on Monday in San Francisco at its annual conference for developers, the paper said. It quoted the sources as saying the company had been in talks with banks and retailers about the project since

WASHINGTON Data stolen from U.S. government computers by suspected Chinese hackers included security clearance information and background checks dating back three decades, U.S. officials said on Friday, underlining the scope of one of the largest known cyber attacks on federal networks. The breach of computer systems of the Office of Personnel Management was disclosed on Thursday by the Obama administration, which said records of up to 4 million current and former federal employees may have been compromised. Accusations by U.S. government

An illustration picture shows a projection of binary code on a man holding a laptop computer, in an office in Warsaw June 24, 2013. Reuters/Kacper Pempel/Files SINGAPORE Whoever was behind the latest theft of personal data from U.S. government computers, they appear to be following a new trend set by cybercriminals: targeting increasingly valuable medical records and personnel files. This data, experts say, is worth a lot more to cybercriminals than, say, credit card information. And the Office of Personnel Management (OPM)

Customer Hajime Shimada uses his newly purchased Apple Watch in front of Dover Street Market Ginza in Tokyo April 24, 2015. Reuters/Issei Kato NEW YORK When Maximo Cavazzani, creator of the popular mobile game Trivia Crack, learned about Apple Inc's (AAPL.O) plan for a new smart watch, it seemed like a logical step to adapt his game for the new product. But the little watch had some big limitations. The tiny screen and compact processor required simpler animation, which meant scaling back

The logo of Alibaba Group is seen inside the company's headquarters in Hangzhou, Zhejiang province early November 11, 2014. Reuters/Aly Song/Files BEIJING/SHANGHAI Chinese e-commerce company Alibaba Group Holding Ltd will invest in financial media outlet China Business Network in a deal set to be announced on Thursday, Chinese media reported on Wednesday. The investment in China Business Network, part of Shanghai Media Group (SMG), will be worth more than 1 billion yuan ($161 million), said Sina.com, Sohu.com and QQ.com, citing unnamed sources familiar

A girl lies in a hammock at a slum area in New Delhi April 12, 2015. Reuters/Adnan Abidi/Files NEW DELHI (Thomson Reuters Foundation) - The government has launched a "Lost and Found" website to help families trace the tens of thousands of children in the country who go missing every year - often abducted for forced labour or sexual exploitation - and are never found. The "Khoya Paya", or "Lost and Found", website khoyapaya.gov.in was launched by Minister for Women and Child

U.S. President Barack Obama speaks during a town hall meeting with Young Southeast Asian Leaders Initiative Fellows (YSEALI) at the White House in Washington June 1, 2015. Reuters/Kevin Lamarque WASHINGTON President Barack Obama signed into law on Tuesday legislation passed by Congress earlier in the day reforming a government surveillance program that swept up millions of Americans' telephone records. Reversing security policy in place since shortly after the Sept. 11, 2001 attacks, the bill ends a system exposed by former National Security

An employee answers phone calls at the switchboard of the Google office in Zurich August 18, 2009. Reuters/Christian Hartmann Google Inc (GOOGL.O) said 21 percent of tech hires last year were women, boosting overall number of women in technical roles by 1 percent, as part of efforts to increase diversity. The company recently began disclosing the makeup of its workforce after admitting that it was "wrong, and that it's time to be candid about the issues." The technology industry has long been plagued not

Intel Corp (INTC.O) agreed to buy Altera Corp (ALTR.O) for $16.7 billion as the world's biggest chipmaker seeks to make up for slowing demand from the PC industry by expanding its line-up of higher-margin chips used in data centres. By combining with Altera, Intel will be able to bundle its processing chips with the smaller company's programmable chips, which are used, among other things, to speed up Web-searches. Intel said on Monday it would offer $54 per share for San Jose,

Toichiro Mizushima (L), president of the Japan Pension Service, bows as he offers an apology during a news conference in Tokyo, in this photo taken by Kyodo June 1, 2015. Reuters/Kyodo TOKYO Japan's pension system has been hacked and more than a million cases of personal data leaked, authorities said on Monday, in an embarrassment that revived memories of a scandal that helped topple Prime Minister Shinzo Abe in his first term in office. Japan Pension Service staff computers were improperly accessed by

The word 'password' is pictured on a computer screen in this picture illustration taken in Berlin May 21, 2013. Reuters/Pawel Kopczynski/Files WASHINGTON At 3:59 p.m. EDT on Sunday, the National Security Agency and telecommunications companies will begin mothballing a once-secret system that collected Americans' bulk telephone records, shutting down computers and sealing off warehouses of digital data. If the U.S. Congress fails to act, key provisions of the USA Patriot Act will lapse in a watershed moment in the post-Sept. 11, 2001,

Japanese Defense Minister Gen Nakatani (L-R), Japanese Foreign Minister Fumio Kishida, U.S. Secretary of State John Kerry and U.S. Secretary of Defense Ash Carter shake hands following a news conference as part of the U.S.-Japan Security Consultative Committee (2+2) meeting

Intel Corp (INTC.O) has resumed talks to buy programmable-chip maker Altera Corp (ALTR.O) and is close to a $16 billion deal, people familiar with the matter said on Friday, paving way for the third mega semiconductor-chip deal this year. The price for Altera could be as much as $54 per share, according to one of the people. This would be a 15 percent premium over the stock's Thursday close of $46.97. If the deal were to go through, it would be

Avago Technologies Ltd (AVGO.O) agreed on Thursday to buy Broadcom Corp (BRCM.O) for $37 billion in the largest merger of chipmakers ever, turning a lesser known company run by a ferocious dealmaker into one of the biggest industry players. Avago, which serves the wireless and industrial markets, is offering Broadcom shareholders $17 billion in cash and Avago shares valued at $20 billion. Broadcom is best known for its connectivity chips, which are used widely in smartphones made by Apple Inc (AAPL.O)

A picture illustration shows Apple Inc's logo reflected in a person's eye, in central Bosnian town of Zenica, March 13, 2015. Reuters/Dado Ruvic/Files NEW YORK A federal appeals court on Thursday rejected Apple Inc's bid to disqualify an antitrust compliance monitor appointed after the technology company was found liable for conspiring with five publishers to raise e-book prices. While saying some allegations against the monitor Michael Bromwich "give pause," the 2nd U.S. Circuit Court of Appeals in New York said a lower

A worker adjusts the logo at the stand of Huawei at the CeBIT trade fair in Hanover March 15, 2015. Reuters/Morris Mac Matzen/Files BANGKOK China's Huawei Technologies, the world's No. 2 telecom equipment maker, expects total shipments of smartphones in southeast Asia to rise 160 percent to 8 million units in 2015, boosted by strong demand in Myanmar, it said on Thursday. In the first quarter, Huawei posted a 120 percent increase in smartphone shipments in the region, one of the most promising

A logo is pictured at Google's European Engineering Center in Zurich April16, 2015. Reuters/Arnd Wiegmann WASHINGTON The Obama administration on Tuesday sided against Google Inc (GOOGL.O) and said the U.S. Supreme Court should not hear the company's appeal in a case against Oracle Corp (ORCL.N) with wide implications for the technology industry, according to a court filing. The case involves how much copyright protection should extend to the Java programming language. Oracle won a federal appeals court ruling last year that allows

The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, May 4, 2015. Reuters/Jim Young/Files WASHINGTON The U.S. Supreme Court on Tuesday ruled against Cisco Systems Inc(CSCO.O) over a patent infringement claim the tech giant is fighting. On a 6-2 vote, with Justice Stephen Breyer recused from the case, the court threw out a ruling by the U.S. Court of Appeals for the Federal Circuit in favour of Cisco. There is now

A motorcyclist rides past the entrance of the headquarters of Hon Hai, which is also known by its trading name Foxconn, in Tucheng, New Taipei city, December 24, 2013. Reuters/Pichi Chuang/Files GUIYANG, China Taiwan's Foxconn Technology, the world's largest contract electronics manufacturer, is aiming to develop 10-12 facilities in India, including factories and data centres, by 2020, Chairman Terry Gou said on Tuesday. The company could spend a "few billion dollars" on developing the facilities, said Gou, whose company's listed flagship unit

Shareholders arrive for the Daimler annual shareholder meeting in Berlin April 1, 2015. Reuters/Hannibal Hanschke/Files FRANKFURT German carmaker Daimler is to make software from web services company Baidu available in its Chinese Mercedes-Benz cars as part of a trend of deepening ties between carmakers and consumer technology companies. Carmakers are seeking to extend information and entertainment services available in vehicles, as well as smartphone compatibility, in an era of increasingly congested traffic. Daimler and Chinese tech giant Baidu announced their tie-up on Monday at

A box from Amazon.com is pictured on the porch of a house in Golden, Colorado July 23, 2008. Reuters/Rick Wilking/Files NEW YORK Amazon.com Inc has started booking revenue from retail sales in individual European countries, instead of channeling all sales through low-tax Luxembourg, the Wall Street Journal reported Sunday. The change was made effective May 1, a company spokesman told the Journal. Amazon said it had started preparing to diversify its retail sales structure two years ago, the Journal reported. Amazon did not respond

Guards stand near an entrance to Alibaba's headquarters in Hangzhou, Zhejiang province, China, May 18, 2015. Reuters/John Ruwitch PUTIAN, China Criticised and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source. In the coastal city of Putian, in Fujian province, Alibaba is working with 17 shoe manufacturers to cultivate home-grown brands online, revitalise a flagging industry and

An attendee at the Microsoft Ignite technology conference is seen next to the Microsoft logo in Chicago, Illinois, May 4, 2015. Reuters/Jim Young Microsoft Corp (MSFT.O) and Salesforce.com Inc (CRM.N) held "significant talks" this spring but failed to agree on a price, CNBC reported, citing people familiar with the matter. Microsoft was willing to offer about $55 billion for the world's biggest maker of online sales software. Salesforce founder and Chief Executive Marc Benioff had expected as much as $70 billion, CNBC

N.R. Narayana Murthy acknowledges the media in Calcutta August 20, 2002. Reuters/Jayanta Shaw/Files MUMBAI The Securities and Exchange Board of India (SEBI) has named Infosys founder N.R. Narayana Murthy to head a panel that will devise rules for a new funding platform for homegrown start-ups, the regulator said on its website. In March, SEBI announced an alternative investment platform targeted at the country's booming internet start-ups, relaxing some key requirements to encourage them to list at home. Murthy's Alternative Investment Policy Advisory Committee (AIPAC)

NEW YORK Billionaire activist investor Carl Icahn said Thursday that mutual funds will increasingly realise that being underweight shares of Apple (AAPL.O) will hurt their performance as the technology giant continues to innovate. "They are underweight Apple in relation to the index funds, and I think more and more of these funds will realise that's going to hurt their performance in the future as Apple continues to launch new products in new categories and continues to grow earnings," Icahn told

MOSCOW/FRANKFURT Russia's media watchdog has written to Google, Twitter and Facebook warning them against violating Russian Internet laws and a spokesman said on Thursday they risk being blocked if they do not comply with the rules. Roskomnadzor said it had sent letters this week to the three U.S.-based Internet firms asking them to comply with Internet laws which critics of President Vladimir Putin have decried as censorship.  "In our letters we regularly remind (companies) of the consequences of violating the legislation,"

MUMBAI Indian e-commerce firms are offering funding help and tech support to woo small retailers, emulating a strategy used by Chinese online retail giant Alibaba Group Holding Ltd to expand into the towns and villages home to the majority of consumers. India's biggest e-tailers such as Flipkart, Snapdeal and the local arm of Amazon.com Inc are online marketplaces, with commission from sellers accounting for the bulk of their revenue. This makes tapping the small and medium enterprises vital to India's economic

/Marshall Hargrave/investorsalley.com/The end of Google’s reign as the king of search is near. Competitors are eating away market share and growth is sputtering. Trying to cherry-pick the next winner in search, however, is akin to rolling dice at a casino. All luck. Where investors are going to make their millions is in this red hot sector that is on the vanguard of life-saving technology that will revolutionize medicine as we know it.  Since the start of 2014, Google (NASDAQ: GOOGL) hasn’t

Bengaluru/By Vishnu Raja/The on-going brawl over telcos move to charge consumers differently and discriminate in favor of some apps opposed to others, had once existed in the past, but only in a realm of hypothetical discussions. The debate is becoming realistic as people in India begin to realize the importance of net neutrality (NN) and the 'dangers' this may pose to consumers. ISPs, globally, have a track record of such arbitrary actions and conflicting rationale against the spirit of what emerged out of the mere idea of open culture --

By Se Young Lee and Harro Ten Wolde SEOUL/BARCELONA Mon Mar 2, 2015 9:39am IST 1 of 5. A hostess displays the Galaxy S6 edge smartphone at the Samsung Galaxy Unpacked event before the Mobile World Congress in Barcelona March 1, 2015. Credit: Reuters/Albert Gea SEOUL/BARCELONA (Reuters) - South Korea's Samsung Electronics Co Ltd unveiled its latest Galaxy S smartphones, featuring a slim body made from aircraft-grade metal, in a bid to reclaim the throne of undisputed global smartphone leader from Apple

By Edward Taylor and Jan Schwartz GENEVA Sun Mar 1, 2015 11:43pm IST Customers gather for the opening of an Apple Store in Hangzhou, Zhejiang province, January 24, 2015. Credit: Reuters/Stringer/Files GENEVA (Reuters) - The main talking point at this week's Geneva car show is likely to be a vehicle that may never be built: the Apple car. The world's automakers will gather in the Swiss city to tout their latest minivans, city cars and sport utility vehicles against an uncertain market backdrop, with

BARCELONA Sun Mar 1, 2015 7:06pm IST A man walks past a logo during the presentation the Huawei's new smartphone, the Ascend P7, launched by China's Huawei Technologies in Paris, May 7, 2014. Credit: Reuters/Philippe Wojazer/Files Related Topics Stocks     Images of "Lathmar Holi" at Nandgaon in Uttar Pradesh.  Slideshow  BARCELONA (Reuters) - Chinese telecom equipment maker Huawei on Sunday launched its first smartwatch, a round-faced device that works with Android phones, joining a crowded market weeks before the introduction of the highly anticipated Apple

By Aditi Shah NEW DELHI Mon Jan 12, 2015 1:38pm IST Labourers work at a construction site of a high-rise residential building in central Mumbai August 25, 2014. Credit: Reuters/Danish Siddiqui/Files NEW DELHI (Reuters) - Indian businessman Navin Bhartia's Internet habits make him a dream customer for billionaire foreign media moguls like Rupert Murdoch. The 45-year-old from Kolkata likes to buy homes online, sometimes without visiting them. In the last four years, he has bought five properties for 40 million rupees ($641,900) on Proptiger.com,