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Exclusive: FBI probes hacking of Democratic congressional group - sources
News ImageBy Joseph Menn, Dustin Volz and Mark Hosenball SAN FRANCISCO/WASHINGTON (Reuters) - The FBI is investigating a cyber attack against another U.S. Democratic Party group, which may be related to an earlier hack against the Democratic National Committee, four people familiar with the matter told Reuters. The previously unreported incident at the Democratic Congressional Campaign Committee, or DCCC, and its potential ties to Russian hackers are likely to heighten accusations, so far unproven, that Moscow is trying to meddle in the U.S. presidential election campaign to help Republican nominee Donald Trump. Hacking of the party's emails caused discord among Democrats at the party's convention in Philadelphia to nominate Hillary Clinton as its presidential candidate.
Thu, 28 Jul 2016 23:20:17 -0400
Exclusive: New York Fed asks Philippines to recover Bangladesh money
News ImageBy Krishna N. Das and Serajul Quadir DHAKA (Reuters) - The Federal Reserve Bank of New York has asked the Philippines' central bank to help Bangladesh Bank recover the $81 million that was stolen by hackers in February from its account held at the Fed, boosting Dhaka's efforts to retrieve the money. In a letter sent on June 23, the New York Fed's General Counsel Thomas Baxter asked Elmore O. Capule, general counsel for the central bank of the Philippines, "to take all appropriate steps in support of Bangladesh Bank's efforts to recover and return its stolen assets." In the letter, which has been seen by Reuters, Baxter also wrote that the payment instructions that led to four money transfers to beneficiary accounts at the Manila-based Rizal Commercial Banking Corp (RCBC) were authenticated using a "commercially reasonable security procedure", but that they were issued by persons using stolen credentials.
Thu, 28 Jul 2016 23:10:24 -0400
Alphabet posts strong revenue on video market, stock surges
News ImageAlphabet Inc, Google's parent, on Thursday revealed that efforts to push its vast advertising business toward mobile is paying off as second quarter earnings handily beat Wall Street's expectations. The results put to rest lingering concerns about how the rise of mobile might impact Google, which has a strong mobile presence with its Android smartphone operating system but has long relied on desktop search traffic to power its profits. Advertisers typically pay less for user clicks on mobile ads than on desktop ads, Google's traditional strength, but the strong earnings performance suggests that is beginning to change, said Colin Gillis, an analyst with BGC Partners.
Thu, 28 Jul 2016 21:10:36 -0400
Amazon tops Wall Street targets, lifted by cloud revenue
News ImageThe Seattle-based company is riding a wave of retail sales moving to the internet, and its Netflix-like video streaming is bringing new customers to its subscription Prime service, which in turn drives customers to spend more on Amazon. The cloud unit, Amazon Web Services, is the company's fastest-growing business and is regarded by analysts as the next driver of growth for the company. "They crushed estimates," said Michael Pachter, analyst at Wedbush Securities, as shares rose 2 percent after hours, in line to open on Friday at a record high.
Thu, 28 Jul 2016 19:09:05 -0400
Microsoft to cut 2,850 more jobs
News Image(Reuters) - Microsoft Corp said it would cut about 2,850 more jobs over the next 12 months, taking its total planned job cuts to up to 4,700, or about 4 percent of its workforce. The company said in May it would cut 1,850 jobs in its smartphone business, most of them in Finland. Microsoft bought Finland-based handset maker Nokia in 2014 in an ill-fated attempt to take on market leaders Apple Inc and Samsung Electronics Co Ltd . Chief Executive Satya Nadella, who took the helm just two months before the deal closed, has since focused on restructuring the struggling phone business. ...
Thu, 28 Jul 2016 18:36:56 -0400
Axa and China's Alibaba enter into global partnership
News ImagePARIS (Reuters) - AXA on Friday said it had forged a global partnership with Chinese e-commerce giant Alibaba and its Ant Financial Services unit to distribute the French insurance group's products and expand in China. "Thanks to Alibabas unrivaled knowledge of its home market, this partnership will also help us further accelerate our development in China, where we are already the number 1 international insurer," Thomas Buberl, deputy chief executive of Axa said in a statement. (Reporting by Astrid Wendlandt; editing by Richard Lough)
Fri, 29 Jul 2016 02:39:27 -0400
Sharp posts smaller first quarter loss on cost cuts but revenue slides
News ImageJapanese electronics maker Sharp Corp reported a smaller first-quarter loss helped by restructuring and cost cuts, although overall revenue suffered a steep decline. Sharp said its April-June operating loss was 2.5 billion yen ($24 million) compared with a loss of 28.76 billion yen a year earlier. The company has not released an earning forecast for the current business year due to its impending acquisition by Taiwan's Foxconn, known formally as Hon Hai Precision Industry.
Fri, 29 Jul 2016 02:59:14 -0400
Sony logs 42 percent plunge in first quarter operating profit on quake damage
The company logo of Sony Cooperation is seen at the CP+ camera and photo trade fair in YokohamaJapan's Sony Corp on Friday said operating profit fell in its first quarter by 42 percent, less than analysts had estimated, as the electronics maker trimmed the impact of earthquake damage to one of its image sensor factories. Profit reached 56.2 billion yen ($542.7 million) for April-June, versus 96.9 billion yen in the same period a year earlier. The firm maintained its full-year profit forecast of 300 billion yen, a 2.0 percent rise over the previous year.
Fri, 29 Jul 2016 02:51:01 -0400
Ultimaker makes a backpack for its 3D printers
Fri, 29 Jul 2016 01:26:00 -0400
AMD will release two new entry-level graphics cards for gaming
News ImageBack in May, AMD unveiled its Radeon RX480, which became the cheapest VR-capable graphics card available. The 470, which is designed for 1080p gaming and video streaming, can reach up to 4.9 teraflops of power, has a memory bandwidth of up to 211 Gbps, and has 4GB of GDDR5 memory. The 460, which is meant for the vaguely defined purpose of "e-sport gaming," reaches up to 2.2 teraflops, has a memory bandwidth of up to 112Gbps, and either two or 4GB of GDDR5 RAM.
Fri, 29 Jul 2016 00:00:02 -0400
Baidu profit falls 34% in Q2 after ads scandal
News ImageChinese Internet giant Baidu's second-quarter profits plunged 34 percent, it reported, as a scandal over its policies for displaying paid ads cut into customer growth. In May, Baidu was summoned by regulators and lashed by Chinese media over the death of a student whose family used the search engine to seek a cancer cure that did not work. Following the public outcry, the government announced stricter controls over internet advertising, while Baidu itself stepped up checks on customers.
Thu, 28 Jul 2016 23:31:23 -0400
Kickstarter created over 300,000 jobs, study says
Thu, 28 Jul 2016 23:11:00 -0400
Stephen Colbert is finally dead, but his twin cousin Stephen Colbert is just as good
Something incredible happened last week during the Republican National Convention. No, it wasn't when Ben Carson tried to convince America that Hillary Clinton was in league with Lucifer. It also wasn't when "You Can't Always Get What You Want" blasted through the Quicken Loans Arena following Trump's acceptance speech, as an absurd number of balloons tumbled from the sky. The most celebrated moment of last week was the return of "Stephen Colbert." MUST SEE: Marvel fans show us how X-Men: Apocalypse really should have ended I put "Stephen Colbert" in quotes because it wasn't the CBS late night talk show host we saw last week it was the character from The Colbert Report that we'd all assumed had been retired as soon as Stephen left Comedy Central. As it turns out, Viacom (the company that owns Comedy Central) had also assumed the character was dead, and wasn't too happy to see it resurrected on another network. Viacom's lawyers got in touch with CBS's lawyers toexpress their disapproval, so on Wednesday night, Stephen finally retired "Stephen Colbert." Thankfully, "Stephen Colbert" has a twin cousin named "Stephen Colbert" who wants to be a permanent correspondent for The Late Show with Stephen Colbert . There are some subtle differences between the two characters (the old "Stephen" went to Dartmouth, the new "Stephen" applied to Dartmouth), but at a glance, they appear to bejustdistinct enough to appease the lawyers. You can meet the new "Stephen Colbert" in the segment below, which also features a familiar Comedy Central segment with a slightly different name: Thu, 28 Jul 2016 23:00:02 -0400
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