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| Fairfax's Watsa confident BlackBerry bid will succeed Thursday, Sep 26, 2013 12:04 AM PDT  By Alastair Sharp TORONTO (Reuters) - Fairfax Financial Holdings Ltd Chief Executive Prem Watsa said on Wednesday he is confident the consortium he leads can find the money to fund its $4.7 billion bid for smartphone maker BlackBerry Ltd. "We wouldn't put our name to such a high-profile deal if we didn't feel confident that at the end of the day that our due diligence would be fine and we'd be able to finance it," Watsa said in an interview. ... Full Story | Top |
| Data brokers D&B, LexisNexis, Altegrity report cyber attacks Wednesday, Sep 25, 2013 07:41 PM PDT By Jim Finkle BOSTON (Reuters) - Three major U.S. data providers said on Wednesday they were victims of cyber attacks, after a cybersecurity news website linked the breaches to a group that sells stolen social security numbers and other sensitive information. An FBI spokeswoman said the bureau was investing the breaches but declined to elaborate. The disclosures, by Dun & Bradstreet Corp, Altegrity Inc's Kroll Background America Inc and Reed Elsevier's LexisNexis Inc, came after website KrebsOnSecurity first reported the breaches. ... Full Story | Top |
| Larry Ellison glows under shine of America's Cup Wednesday, Sep 25, 2013 07:29 PM PDT  By Noel Randewich SAN FRANCISCO (Reuters) - For Larry Ellison, the only thing better than winning the America's Cup is winning it against all odds. Ellison's Oracle Team USA was within an inch of losing the world's oldest international sporting trophy to Emirates Team New Zealand just a week ago, only to come back on Thursday with the eighth straight race it needed to retain the Cup. The epic battle over the past few days has been a major vindication of the Silicon Valley entrepreneur's much-maligned vision of how to modernize the competition. ... Full Story | Top |
| Exclusive: Nokia weighs Alcatel tie-up after Microsoft deal - sources Wednesday, Sep 25, 2013 06:28 PM PDT  By Nadia Damouni and Ritsuko Ando NEW YORK/HELSINKI (Reuters) - Nokia is discussing internally whether to approach French rival Alcatel-Lucent about a tie-up, part of the Finnish company's review of how it can grow after the planned sale of its handset business to Microsoft Corp, several people close to the matter said. No formal talks are underway with Alcatel-Lucent, the sources said. ... Full Story | Top |
| Shackles drop off fundraising for startups. Should we worry? Wednesday, Sep 25, 2013 05:19 PM PDT  By Sarah McBride SAN FRANCISCO (Reuters) - Entrepreneur Nicole O'Rourke has a novel idea for raising cash that would have been illegal until this week: smacking a "fund me" sticker on every bottle or can of hair products from her start-up business, Rock Your Hair. O'Rourke is among the first to take advantage of the lifting of a years-long ban, mandated by the 1933 Securities Act, on using advertising to find investors in private companies. Intended originally to prevent opportunists from targeting the gullible, it has long been considered a bedrock protection against scams. ... Full Story | Top |
| U.S. lawmakers seek to end bulk NSA telephone records collection Wednesday, Sep 25, 2013 05:17 PM PDT  By Patricia Zengerle WASHINGTON (Reuters) - Democratic and Republican U.S. senators introduced legislation on Wednesday to end the National Security Agency's bulk collection of Americans' communication records and set other new controls on the government's electronic eavesdropping programs. The measure introduced by Democrats Ron Wyden, Mark Udall and Richard Blumenthal, and Republican Rand Paul, is one of several efforts making their way through Congress to rein in sweeping surveillance programs. ... Full Story | Top |
| Panic button-equipped Amazon Kindles join gadget battle Wednesday, Sep 25, 2013 05:10 PM PDT By Bill Rigby SEATTLE (Reuters) - Amazon.com Inc has begun selling faster and lighter versions of its Kindle tablet with a unique video helpdesk feature aimed at giving it a leg-up over Apple Inc and Google Inc during the holiday season. Kindle Fire HDX tablets feature a so-called Mayday Button for users to call technical support around the clock. A representative, who can see the screen, will help troubleshoot by even navigating the device remotely. The service, free for HDX customers, is Amazon's way of standing out in an increasingly crowded field of similar devices. ... Full Story | Top |
| BlackBerry shares sink on bid doubts, T-Mobile stops stocking its phones Wednesday, Sep 25, 2013 04:51 PM PDT  By Alastair Sharp and Sinead Carew TORONTO/NEW YORK (Reuters) - Shares in BlackBerry Ltd fell more than 6 percent on Wednesday on doubts about a $4.7 billion bid to take the smartphone maker private, and after a big U.S. carrier said it would stop stocking BlackBerry smartphones in its stores. In an announcement that highlighted the faded relevance of the company that pioneered on-the-go email, T-Mobile US Inc said it was no longer efficient to keep BlackBerry devices in its stores. T-Mobile, the fourth largest U.S. ... Full Story | Top |
| Netflix added on second cable box in Europe Wednesday, Sep 25, 2013 03:32 PM PDT  (Reuters) - Subscribers to Sweden's Com Hem pay television service will be able to access Netflix Inc videos through TiVo set-top boxes, the second partnership between a European cable provider and the streaming service. Com Hem on Wednesday announced Netflix will be available in December through TiVo boxes, allowing subscribers to watch the streaming service's shows and movies through an app without having to switch to another device, such as a Blu-ray player. Com Hem ended the second quarter with 605,700 video subscribers. ... Full Story | Top |
| Twitter to broadcast NFL video clips as part of new ad program Wednesday, Sep 25, 2013 03:29 PM PDT By Gerry Shih and Jennifer Saba (Reuters) - Twitter said on Wednesday it would carry instant-replay footage from National Football League games as part of a new advertising partnership that could boost the social media company's revenue before its highly anticipated initial public offering. The agreement marks Twitter's biggest sports-related commitment to date for its Amplify service. Amplify was formally unveiled last May as a way for Twitter, broadcasters and advertisers to capitalize on peoples' use of social media while they watch TV - a phenomenon called "second screen" viewing. ... Full Story | Top |
| U.S. to get coveted Alibaba IPO after Hong Kong talks founder Wednesday, Sep 25, 2013 03:24 PM PDT  By Elzio Barreto and Denny Thomas HONG KONG (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd will pursue an IPO in the United States after talks with Hong Kong regulators broke down, a move bound to set off a dogfight between the two main U.S. stock exchanges for the offering. The loss of the sale, which bankers have estimated to be worth more than $15 billion, is a blow to the Hong Kong stock exchange, as the deal would have added to its clout and trading volumes. ... Full Story | Top |
| T-Mobile US will no longer stock BlackBerry in stores Wednesday, Sep 25, 2013 02:06 PM PDT  NEW YORK (Reuters) - T-Mobile US Inc, the No. 4 U.S. wireless service provider, plans to stop carrying BlackBerry Ltd smartphones in its stores and instead ship the devices directly, according to an executive for the company. David Carey, executive vice president for corporate services told Reuters about the plan on Wednesday, a few days after BlackBerry said it would no longer market to consumers because of drastically weakening smartphone sales. ... Full Story | Top |
| U.S. officials woo tech companies in new push for cybersecurity law Wednesday, Sep 25, 2013 01:24 PM PDT  By Joseph Menn WASHINGTON (Reuters) - Senior U.S. officials on Wednesday sought to mend fences with the technology industry as they renewed their pleas for legislation to increase the flow of information about cyber attacks between federal agencies and private companies. A plan to protect companies from privacy lawsuits if they turn over data on electronic intrusions was a central feature of the administrations cybersecurity agenda last year, but legislation containing it failed to pass and it has not gained momentum during this Congressional session. ... Full Story | Top |
| Hacker 'mercenaries' linked to Japan, South Korea spying: researchers Wednesday, Sep 25, 2013 01:11 PM PDT  By Joseph Menn Washington (Reuters) - A small, sophisticated international hacking group was responsible for a widely publicized 2011 spying attack on members of Japan's parliament as well as dozens of previously undisclosed breaches at government agencies and strategic companies in Japan and South Korea, security researchers said. Researchers at Kaspersky Lab believe they have found a squad of hackers for hire, who contract out to governments and possibly businesses, in contrast to recent reports on hacks said to be carried out by full-time government employees. ... Full Story | Top |
| 'Left Behind' video game creator faces U.S. SEC fraud charges Wednesday, Sep 25, 2013 12:27 PM PDT By Sarah N. Lynch WASHINGTON (Reuters) - The creator of a video game based on the popular Christian "Left Behind" novel series and his friend have been charged with scheming to inflate the company's revenue by nearly 1,300 percent, U.S. regulators announced Wednesday. Left Behind Games Inc Chief Executive and Chief Financial Officer Troy Lyndon issued nearly 2 billion shares to his friend Ronald Zaucha, purportedly as compensation for consulting services, the Securities and Exchange Commission's complaint alleges. ... Full Story | Top |
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