Monthly Archives: August 2016

InterContinental unit Kimpton Hotels hit by payment card data breach

(Reuters) – InterContinental Hotels Group Plc-owned Kimpton Hotels & Restaurants said an investigation had found a malware attack on servers that processed payment cards used at some of its hotels. The news comes nearly three weeks after a data breach … Continue reading

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Salesforce third-quarter revenue forecast misses, shares fall

Cloud software maker Salesforce.com Inc forecast third-quarter revenue below estimates as it saw some softness, primarily in the United States, sending the company's shares down by 7.7 percent in extended trading. For the third quarter, Salesforce said it expected an … Continue reading

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Wells Fargo, Amazon end deal to offer discounted student loans

(Reuters) – Wells Fargo & Co and Amazon.com Inc said they had ended a partnership to offer discounted student loans to the online retailer's "Prime Student" customers, about six weeks after announcing the deal. Under the deal announced on July … Continue reading

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Cloud management company Box’s quarterly revenue jumps 30 percent

(Reuters) – Cloud management company Box Inc's quarterly revenue jumped 30.3 percent as the company added customers. Its net loss narrowed to $38.1 million, or 30 cents per share, in the second quarter ended July 31 from $50.2 million, or … Continue reading

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Exclusive: SWIFT discloses more cyber thefts, pressures banks on security

SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after February's high-profile $81 million heist at Bangladesh Bank. In a private letter to … Continue reading

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Uber plans to have 50 fully electric cars in London by end Sept

Ride service Uber [UBER.UL], which allows users to instantly hail a taxi ride using their smartphone, said some British customers would soon be traveling in electric cars, in keeping with London's drive to lower emissions. Uber said that by the … Continue reading

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Amazon Dash one-button device arrives in Britain

Seeking to capitalize on Britons too busy or forgetful to shop for household essentials, retail giant Amazon is bringing its thumb-sized, one-button ordering device to the UK. From Wednesday, British Amazon Prime customers will be able to order supplies of … Continue reading

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USDA closes offices in five states after anonymous threats

The U.S. Department of Agriculture has closed six offices in five states after receiving anonymous threats, a USDA spokesman said on Tuesday, and police were investigating similar threats to faculty members from at least two universities in eastern states. “Yesterday, … Continue reading

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Twitter to share ad revenue on videos by U.S. users

Twitter, Facebook Inc, Snapchat and YouTube are all competing to keep or recruit top video talent as they seek to cash in on the wave of televison-style advertising that has been moving to the internet. Twitter already offers revenue sharing … Continue reading

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Google expands nascent ride-sharing service: WSJ

(Reuters) – Alphabet Inc's Google unit plans to open its ride-sharing program to Waze app users in San Francisco this fall, pitting itself against Uber Technologies Inc [UBER.UL], the Wall Street Journal reported. Google in May launched a pilot program … Continue reading

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Kaepernick anthem protest prompts backlash from NFL greats

By Amy Tennery NEW YORK (Reuters) – San Francisco 49ers quarterback Colin Kaepernick's sideline protest during the playing of "The Star-Spangled Banner" at a National Football League pre-season game last week has generated criticism from current and former NFL stars. … Continue reading

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Google cloud unit close to winning PayPal business: CNBC

While Google is the front-runner, the online payments processor is evaluating the other providers and hasn't made any decision yet, CNBC reported, citing people familiar with the matter. PayPal has some existing business with Amazon Web Services, according to the … Continue reading

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Asia’s Most Innovative Universities

China and India have the biggest populations in the Asia-Pacific region, and the economic news coming out of both countries usually dominates world headlines. Out of the top 20 universities, 17 are based in Japan and South Korea. Topping the … Continue reading

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EU telecom regulators adopt strict net neutrality rules, industry dismayed

By Julia Fioretti BRUSSELS (Reuters) – European Union telecoms regulators adopted strict rules on Tuesday limiting how telecoms firms like Vodafone and Orange can prioritize some types of Internet traffic, dealing a blow to an industry hoping to boost revenues. … Continue reading

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Cyber security firm LogRhythm raises $50 million after changing IPO plans

By Heather Somerville SAN FRANCISCO (Reuters) – Cyber security company LogRhythm has raised $50 million from private investors after postponing plans for an initial public offering late last year, the company said on Tuesday, the latest sign of how austere … Continue reading

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