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| Famed hacker Barnaby Jack dies a week before hacking convention Friday, Jul 26, 2013 09:26 PM PDT  By Jim Finkle (Reuters) - Barnaby Jack, a celebrated computer hacker who forced bank ATMs to spit out cash and sparked safety improvements in medical devices, died in San Francisco, a week before he was due to make a high-profile presentation at a hacking conference. The New Zealand-born Jack, 35, was found dead on Thursday evening by "a loved one" at an apartment in San Francisco's Nob Hill neighborhood, according to a police spokesman. He would not say what caused Jack's death but said police had ruled out foul play. ... Full Story | Top |
| Access to Apple developer site partially restored Friday, Jul 26, 2013 05:41 PM PDT  By Aman Shah (Reuters) - Apple Inc has partially restored its main website for developers, eight days after shuttering it in response to a cyber attack that prompted a harried upgrade to prevent future breaches. Apple's developer site, which the company uses to communicate with its community of close to 6 million software developers, was back online on Friday, though some sections, including the forums and the member center, were still offline. The company had blocked access to the site after an intrusion last week and it is still not clear what data, if any, was compromised by the attack. ... Full Story | Top |
| Activision to spread its wings after Vivendi sale: CEO Friday, Jul 26, 2013 02:31 PM PDT  By Malathi Nayak SAN FRANCISCO (Reuters) - Activision Blizzard Inc's CEO, who is shelling out $50 million of his own money in an $8.2 billion deal to buy back most of Vivendi's stake, said the world's largest video game publisher will be freer to pursue acquisitions and grow after emerging from its French parent's wing. Bobby Kotick, one of the highest-paid and longest-running corporate chief executives in an industry ravaged in recent years by the rise of mobile gaming, told investors on a Friday conference call he thinks the company will be stronger as a result of the deal. ... Full Story | Top |
| Amazon hits new high on optimism about its U.S. business Friday, Jul 26, 2013 02:17 PM PDT  By Alistair Barr SAN FRANCISCO (Reuters) - Amazon.com Inc shares hit a record on Friday after quarterly results increased optimism about the Internet retailer's U.S. business. The company reported a second-quarter net loss and weaker international growth on Thursday. However, its domestic business expanded quickly and profit in the region improved. "Their biggest market looks really healthy," said Matt Nemer, an analyst at Wells Fargo. ... Full Story | Top |
| Internet companies, stung by earnings, still look pricey Friday, Jul 26, 2013 12:27 PM PDT  By Ryan Vlastelica NEW YORK (Reuters) - Expedia Inc can send people to destinations around the world, but it can't send investors back in time so they can avoid the stock's massive selloff on Friday. The stock's 25 percent fall is its worst in seven years, becoming the latest in what is shaping up as a rough quarter for Internet company earnings. Expedia, Netflix and Google were hit hard after reporting earnings in the last two weeks. Investors have chased this group higher in 2013, lured by expanding user bases and profit growth that eclipsed the broader market. ... Full Story | Top |
| Zynga checks out of real-money gaming; investors flee Friday, Jul 26, 2013 08:48 AM PDT  (Reuters) - Zynga Inc shares fell as much as 18.6 percent on Friday morning, after the maker of "FarmVille" said it would abandon plans for real-money gaming in the United States, prompting at least three brokerages to cut their price targets on the stock. Many investors own the stock only because they believe in the potential of real-money gambling, said Macquarie (USA) Equities Research analysts Ben Schachter, John Merrick and Tom White. Macquarie cut its target for the stock to $2.75 from $3.00. ... Full Story | Top |
| India's Wipro signals demand pick-up after profit rise Friday, Jul 26, 2013 05:45 AM PDT  By Harichandan Arakali BANGALORE (Reuters) - Wipro, India's third-largest software services exporter, sounded upbeat about demand for its outsourcing services, after posting an 11 percent rise in quarterly net profit helped by an increase in large contracts. The company expects revenues from IT services business for the current quarter that ends September 30 will range between $1.62 billion and $1.65 billion, a sequential increase of 2 percent to 3.9 percent. Most analysts were expecting the company to say sales in the current quarter would rise 1-3 percent. ... Full Story | Top |
| Siemens board members to discuss future management: sources Friday, Jul 26, 2013 04:31 AM PDT  MUNICH (Reuters) - Members of Siemens' supervisory board will meet over the weekend to discuss the future composition of the German engineering group's management, two people familiar with the matter said on Friday. The move comes only days after Siemens abandoned its 2014 profit margin target, adding to signs that Chief Executive Peter Loescher is struggling to turn the engineering group around. Siemens' supervisory board comprises 20 members, of whom half represent the interests of workers and the other half those of shareholders. ... Full Story | Top |
| China wealth fund CIC in talks with Alibaba: official media Friday, Jul 26, 2013 03:41 AM PDT  BEIJING (Reuters) - Chinese sovereign wealth fund China Investment Corp (CIC) is in unspecified talks with Alibaba Group, the official People's Daily reported on Friday, citing deputy director of public relations and international cooperation for CIC Liu Fangyu. The paper said CIC mentioned the discussions at a briefing for Chinese media on Friday, but did not disclose the nature of them and did not give details. CIC invested around $2 billion in Alibaba in September last year to help the group fund a partial buy-back of Yahoo! Inc's stake in the e-commerce company. ... Full Story | Top |
| Acer sees return to profit this year -president in magazine Friday, Jul 26, 2013 01:24 AM PDT  VIENNA (Reuters) - Taiwan's Acer, the world's fourth-biggest PC maker, will return to profit this year after writedowns and poor demand pushed it into the red in 2012, its president was quoted as saying in an Austrian magazine. Jim Wong told Austria's Format that Acer had underestimated the potential of tablet computers, which have led many consumers to ditch their laptops since the launch of the Apple iPad and its followers. "In the last two years, we have put very much energy into the development of new tablets, notebooks and smartphones. ... Full Story | Top |
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