Technology News

Credit Suisse seen poised for leading role in Alibaba IPO

By Elzio Barreto HONG KONG | Thu Jun 6, 2013 6:39am EDT HONG KONG (Reuters) - Credit Suisse is expected to take a leading role in the anticipated IPO of China's Alibaba Group, according to people familiar with the matter, a coveted position that would yield massive fees for the bank as rivals jostle for a role in the offer. The Alibaba offering may come as early as ...

06 Jun 10:39 AM 0 Read More...

Hon Hai to split off connector unit in July -sources

By Clare Jim TAIPEI | Thu Jun 6, 2013 6:35am EDT TAIPEI (Reuters) - Taiwan's Hon Hai Precision Industry Co plans to split off its connector business into a separate entity next month as the unit struggles with dull computer demand, according to two sources familiar with the matter. The connector-making operation, which generated $2.7 billion in revenue last year or ...

06 Jun 10:35 AM 0 Read More...

Amazon launches "marketplace model" in India

Thu Jun 6, 2013 1:33am EDT (Reuters) - Amazon.com Inc has launched its "marketplace model" in India, a country that has big potential for online retailing. Starting with books, movies and TV shows video products, Amazon will include mobile phones and cameras in the coming weeks, the company said in a statement on Wednesday.Under the ma...

06 Jun 5:33 AM 0 Read More...
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NSA is collecting phone records of Verizon customers: report

NEW YORK | Wed Jun 5, 2013 9:08pm EDT NEW YORK (Reuters) - The U.S. National Security Agency is collecting telephone records of millions of Verizon Communications customers under a secret court order issued in April, according to a story on the Guardian website. Citing a copy of the court order, which the Guardian said it had obtained, the report said Verizon is required on...

06 Jun 1:08 AM 0 Read More...

Publishers gave Amazon "ultimatum" over e-book pricing: executive

By Nate Raymond NEW YORK | Wed Jun 5, 2013 8:17pm EDT NEW YORK (Reuters) - Publishers gave Amazon.com an "ultimatum" to let them set prices of e-books sold on its website after they reached deals in 2010 to sell through Apple Inc as well, a top executive at the retailer testified on Wednesday. Amazon could have been barred from selling books for its Kindle e-reader ...

06 Jun 12:17 AM 0 Read More...

China has 'mountains of data' about U.S. cyber attacks: official

BEIJING | Wed Jun 5, 2013 8:02pm EDT BEIJING (Reuters) - China's top Internet security official says he has "mountains of data" pointing to extensive U.S. hacking aimed at China, but it would be irresponsible to blame Washington for such attacks, and called for greater cooperation to fight hacking. Cyber security is a major concern for the U.S. government and is expected to...

06 Jun 12:02 AM 0 Read More...

Exclusive: Microsoft, FBI take aim at global cyber crime ring

By Jim Finkle BOSTON | Wed Jun 5, 2013 7:52pm EDT BOSTON (Reuters) - Microsoft Corp and the FBI, aided by authorities in more than 80 countries, have launched a major assault on one of the world's biggest cyber crime rings, believed to have stolen more than $500 million from bank accounts over the past 18 months. Microsoft said its Digital Crimes Unit on Wednesday s...

05 Jun 11:52 PM 0 Read More...

U.S. lawmakers to introduce new bill to punish cyber theft

WASHINGTON | Wed Jun 5, 2013 7:34pm EDT WASHINGTON (Reuters) - A day before Chinese President Xi Jinping visits the United States, three U.S. lawmakers plan to propose a new law that would punish hackers backed by China, Russia or other foreign governments for cyber spying and theft. The new bill that would go after spec...

05 Jun 11:34 PM 0 Read More...

Global $200 million credit card hacking ring busted

By Emily Flitter NEW YORK | Wed Jun 5, 2013 5:21pm EDT NEW YORK (Reuters) - Eleven people in the United States, the UK and Vietnam have been arrested and accused of running a $200 million worldwide credit card fraud ring, U.S. and UK law enforcement officials said on Wednesday. Federal prosecutors in New Jersey said they had filed charges against a 23-year-old man f...

05 Jun 9:21 PM 0 Read More...