Technology News

Pay Luxembourg 250 million euros in tax, EU orders Amazon

BRUSSELS (Reuters) - The European Union ordered the world’s largest online retailer Amazon (AMZN.O) on Wednesday to pay back about 250 million euros ($294 million) in taxes to Luxembourg, saying it was given an unfair tax advantage from 2003. Joining other U.S. tech giants in the sights of EU antitrust chief Margrethe Vestager, Amazon said it was considering an appeal over the payment, though it was less than some...

04 Oct 10:03 AM 0 Read More...

Wisconsin, Michigan were key targets of Russia-linked ads on Facebook: CNN

(Reuters) - Russia-linked Facebook ads during last year’s U.S. presidential election mainly focussed on the states of Michigan and Wisconsin, CNN reported on Tuesday. The ads targeted key demographic groups and used divisive messages including promoting anti-Muslim sentiment, the report said, citing sources. cnn.it/2klAM2y Wisconsin and Michigan were among the handful of battleground states that helped Trump win th...

04 Oct 4:28 AM 0 Read More...

Yahoo says all three billion accounts hacked in 2013 data theft

(Reuters) - Yahoo on Tuesday said that all 3 billion of its accounts were hacked in a 2013 data theft, tripling its earlier estimate of the size of the largest breach in history, in a disclosure that attorneys said sharply increased the legal exposure of its new owner, Verizon Communications Inc (VZ.N). The news expands the likely number and claims of class action lawsuits by shareholders and Yahoo account holders, t...

04 Oct 12:56 AM 0 Read More...

Uber board votes in favor of SoftBank deal, governance changes

SAN FRANCISCO (Reuters) - Uber Technologies Inc directors on Tuesday voted to allow Japan’s SoftBank Group to invest in the ride services company and approved a series of governance changes that increases the independence of the board and decreases the influence of former Chief Executive Officer Travis Kalanick. The company is seeking to shore up its reputation after a series of scandals and to move beyond a battle...

03 Oct 11:22 PM 0 Read More...

Yahoo says all 3 billion accounts hacked in 2013 data theft

(Reuters) - Yahoo on Tuesday said that all 3 billion of its accounts were hacked in a 2013 data theft, tripling its earlier estimate of the size of the largest breach in history, which already had spawned a nationwide lawsuit. Yahoo said last December that data from more than 1 billion user accounts was compromised in 2013, the largest of a series of thefts that forced Yahoo to cut the price of its assets in a sale t...

03 Oct 10:48 PM 0 Read More...

Foreign government code reviews 'problematic': White House cyber official

WASHINGTON (Reuters) - Allowing foreign governments to require reviews of software secrets of technology products built by U.S. companies is “problematic,” the top White House cyber security official said on Tuesday, adding that the increasingly common arrangements presented both security and intellectual property risks. Rob Joyce, the White House cyber security coordinator, said that letting countries inspect so...

03 Oct 7:50 PM 0 Read More...

Short sellers 'clamoring' to borrow Roku shares: S3 Partners

SAN FRANCISCO (Reuters) - Traders on Tuesday were “clamoring” to borrow shares of Roku in order to sell them short following the video-streaming company’s initial public offer last week, according to S3 Partners. Shares of the Los Gatos, California company dropped 8.3 percent to $21.60 on Tuesday, bringing their decline to 18 percent in the past two sessions. “With short sellers clamoring for short locates, s...

03 Oct 6:39 PM 0 Read More...

Uber promises to make things right in London after 'constructive' license meeting

LONDON (Reuters) - Uber promised to make things right in London after its new global boss had a “constructive” meeting with the city’s transport regulator to try to hold on to the app’s operating license in one of its main foreign markets. Transport for London (TfL), which runs and regulates the British capital’s transport system, shocked Uber last month by deeming it unfit to run a taxi service and refusin...

03 Oct 6:32 PM 0 Read More...

Tesla shares recover from bottleneck fears

(Reuters) - Investors put aside worries about Tesla Inc (TSLA.O) meeting production targets for its Model 3 mass-market sedan to push the electric car maker’s shares higher on Tuesday, overturning an initial drop of almost 3 percent. Tesla stirred concern among some analysts and investors on Monday by producing just 260 of the 1,500 sedans it had promised in the third quarter, citing bottlenecks in production. But ...

03 Oct 6:00 PM 0 Read More...

Foreign government code reviews 'problematic': top White House cyber official

WASHINGTON (Reuters) - Allowing foreign governments to require reviews of software secrets of technology products built by U.S. companies is “problematic,” the top White House cyber security official said on Tuesday, adding that the increasingly common arrangements presented both security and intellectual property risks. Rob Joyce, the White House cyber security coordinator, said that letting countries inspect so...

03 Oct 5:55 PM 0 Read More...