7 years ago061TOKYO (Reuters) - Western Digital Corp's top executive is in Japan to meet government officials, aiming to resolve a dispute with Toshiba Corp over the Japanese company's planned sale of its chip business, sources familiar with the matter said on Tuesday.
Toshiba is scrambling to sell its flash memory unit to cover losses from its...
7 years ago058WASHINGTON (Reuters) - Facebook Inc (FB.O), Alphabet Inc's Google (GOOGL.O), Apple Inc (AAPL.O) and other major technology firms are largely absent from a debate over the renewal of a broad U.S. internet surveillance law, weakening prospects for privacy reforms that would further protect customer data, according to sources familiar with...
7 years ago078(Reuters) - A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd's of London said in a report on Monday.
The report, co-written with risk-modeling firm Cyence, examined potential economic losses from the...
7 years ago072WASHINGTON (Reuters) - Tech companies clashed with internet service providers on Monday over whether a landmark 2015 net neutrality order barring the blocking or slowing of web content should be scrapped by the U.S. Federal Communications Commission.
A group representing major technology firms including Alphabet Inc (GOOGL.O) and...
7 years ago076(Reuters) - Package delivery company FedEx Corp (FDX.N) said a disruption in services in its TNT Express unit following a cyber attack last month would hurt its full-year results.
FedEx's shares fell as much as 3.4 percent to $211.53 in early trading as the company said the financial impact of the disruption on its results was likely to...
7 years ago065BRUSSELS (Reuters) - U.S. chipmaker Qualcomm (QCOM.O) faces the threat of a daily fine of 580,000 euros ($665,000) for failing to provide EU antitrust regulators with information after losing an appeal against the penalty in a European Union court on Monday.
Qualcomm, which was charged by the European Commission for using...
7 years ago099(Reuters) - The owner of the Ashley Madison adultery website said on Friday it will pay $11.2 million to settle U.S. litigation brought on behalf of roughly 37 million users whose personal details were exposed in a July 2015 data breach.
Ruby Corp, formerly known as Avid Life Media Inc, denied wrongdoing in agreeing to the preliminary...
7 years ago066(Reuters) - Hedge fund Greenlight Capital said on Friday that it had added a stake in Toshiba Corp as it expects the stock to rise once the Japanese company resolves uncertainties around its bankrupt Westinghouse unit and the sale of its memory business.
The Japanese conglomerate, whose stock closed at 231.6 yen per share on Friday, may...
7 years ago087(Reuters) - Internet television company Roku has hired investment banks to lead an initial public offering that could come later this year as it aims for a valuation of more than $1 billion, sources familiar with the matter said.
An IPO will test investor's reception to Roku, the brainchild of digital video recorder (DVR) inventor...
7 years ago068FRANKFURT (Reuters) - SoundCloud, the world's biggest music-streaming service, is still struggling to find a business model - it now has enough cash to last until fourth quarter, after laying off 40 percent of its staff, a representative said on Thursday.
The Berlin-based start-up is different from rivals Apple, Spotify and Amazon in...
7 years ago095(Reuters) - Traditionally buttoned-up Wall Street bank Goldman Sachs Group Inc (GS.N) has relaxed the dress code for its computer engineers in a bid to attract tech talent with a more casual environment.
The fifth-largest U.S. bank by assets told employees in its technology division to "exercise judgment in determining when to adapt to...
7 years ago040MOSCOW (Reuters) - Russian cyber security firm Kaspersky Lab, reacting to a U.S. government move restricting its activities, said on Wednesday it had fallen victim to U.S.-Russia global sparring while the Kremlin criticized the U.S. action as politically-motivated.
The Trump administration on Tuesday removed the Moscow-based firm from...
7 years ago040(Reuters) - Trump International Hotels Management LLC said late on Tuesday a data breach at a service provider compromised card payment details at 14 of its properties.
The compromised information included payment card numbers and card security codes for some of the hotel chain's reservations processed through service provider Sabre...