Technology News

Arraignment of UK security researcher Hutchins delayed to Monday

MILWAUKEE (Reuters) - U.S. authorities have postponed the arraignment of a British security researcher Marcus Hutchins, credited with neutralizing the global "WannaCry" ransomware attack, in an unrelated hacking case, the U.S. District Court in Milwaukee said on Tuesday. Hutchins, 23, who was arrested last week at a Las Vegas airport, was due to be arraigned in Milwaukee on Tuesday on charges he advertised and sold m...

08 Aug 3:46 PM 0 Read More...

Intel further extends Mobileye offer to mop up outstanding stock

FRANKFURT (Reuters) - Computer chip maker Intel Corp (INTC.O) has further extended its offer to buy out remaining shareholders of Mobileye NV (MBLY.N) after securing 84 percent of the acquisition target's shares, the two companies said on Tuesday. Intel and Mobileye said they had begun a follow-up offering period which is scheduled to expire at 11:59 PM New York time on Aug. 21, or 0359 GMT on Aug. 22. This could be ...

08 Aug 2:52 PM 0 Read More...

Self-driving car technology firm Oryx Vision raises $50 million

JERUSALEM (Reuters) - Israel's Oryx Vision, which is developing object sensors for self-driving cars, said on Tuesday it raised $50 million in a second funding round led by Third Point Ventures and Walden Riverwood Ventures (WRV). Union Tech Ventures, and existing investors Bessemer Venture Partners, Maniv Mobility, and Trucks VC also participated in the round, Oryx said. The company has raised $67 million in two fun...

08 Aug 1:16 PM 0 Read More...

Autonomous cars race narrows on doubts about clear path to profit

FRANKFURT/DETROIT (Reuters) - BMW and Daimler, the world's top luxury carmakers, have announced alliances with suppliers, talking up the virtues of having a bigger pool of engineers to develop a self-driving car. But another motive behind these deals, executives and industry experts told Reuters, is a concern that robocars may not live up to the profit expectations that drove an initial investment rush. Carmakers ...

08 Aug 12:26 PM 0 Read More...

Three Hungarian banks targeted by phishing attempts: central bank

BUDAPEST (Reuters) - Three major banks in Hungary have experienced a series of targeted phishing attempts in recent months, the central bank said on Tuesday, without naming the lenders involved. The National Bank of Hungary, which is the regulator for banks and financial markets, said no funds had been lost as a result of the attacks, which started in June. In a statement, it said banking clients were targeted with m...

08 Aug 11:26 AM 0 Read More...

Let them play: kids glued to phones could save UK, ex-spy chief says

LONDON (Reuters) - Parents who think they are being responsible by limiting their children's time online should think again: they could be putting their kids and Britain's security at a disadvantage, according to a former British spy chief. "If you appear to be spending your holiday unsuccessfully attempting to separate your children from Wi-Fi or their digital devices, do not despair," Robert Hannigan, a former dire...

08 Aug 11:22 AM 0 Read More...

Online retailer ASOS to open second U.S. distribution center

LONDON (Reuters) - British online fashion retailer ASOS is spending $40 million on a second U.S. distribution center to support strong sales growth in what it hopes will become a major market. Established in 2000, ASOS is Britain's most valuable online fashion retailer, with a market capitalization of 5 billion pounds ($6.5 billion), annual sales of 1.4 billion pounds and expanding operations in markets from Australi...

08 Aug 10:16 AM 0 Read More...

China ride-hailing firm DiDi backs Uber rival Careem

DUBAI/FRANKFURT (Reuters) - DiDi Chuxing, China's largest ride-hailing firm, has invested in Middle East online taxi service Careem in a new partnership deal that marks Didi's latest international expansion against rival Uber. DiDi is seeking to turn up the heat on ride-sharing pioneer Uber via a string of partnerships with regional players in Southeast Asia, Europe and Africa and now the Middle East. It has previous...

08 Aug 9:05 AM 0 Read More...

CBS signs with AT&T to stream networks on DirecTV Now

(Reuters) - CBS Corp said on Monday it signed a deal for its shows to feature on AT&T Inc's DirecTV Now online streaming service. Under the agreement, DirecTV Now will stream CBS, CBS Sports, the CW channel and many of CBS' local broadcast stations, according to the company. Customers will also have the option to buy a subscription to CBS' premium Showtime network. AT&T will pay CBS for its content, helping t...

07 Aug 3:42 PM 0 Read More...

Tesla seeks $1.5 billion in junk bonds to fund Model 3 production

DETROIT (Reuters) - Tesla Inc (TSLA.O) said on Monday it would raise about $1.5 billion through its first-ever high-yield junk bond offering, as the U.S. luxury electric car maker ramps up the production of its new the Model 3 sedan. The debt offering marks Tesla's debut in the junk-bond market and the company will start road-shows on Monday, IFR reported, citing lead bankers on the deal. So far, Tesla has been raisi...

07 Aug 3:27 PM 0 Read More...