Bhinneka News Online: Breaking business news: Regulators to press Uber after it admits covering up data breach

Wednesday 22 November 2017

Breaking business news: Regulators to press Uber after it admits covering up data breach

Click to View in Browser

Wednesday, November 22, 2017

Regulators to press Uber after it admits covering up data breach

TORONTO/SAN FRANCISCO (Reuters) - Struggling ride-hailing firm Uber [UBER.UL] faces a fresh regulatory crackdown after disclosing it paid hackers $100,000 to keep secret a massive breach last year that exposed personal data from around 57 million accounts.

World stocks ride tech boom to scale new highs in pre-Thanksgiving rally

LONDON (Reuters) - World shares scaled yet another record high on Wednesday, propelled by a bullish growth and company earnings outlook, as well as investors' unflagging enthusiasm for technology stocks.

FCC chief plans to ditch U.S. 'net neutrality' rules

WASHINGTON (Reuters) - The head of the U.S. Federal Communications Commission unveiled plans on Tuesday to repeal landmark 2015 rules that prohibited internet service providers from impeding consumer access to web content in a move that promises to recast the digital landscape.

Apple says illegal student labor discovered at iPhone X plant

BEIJING (Reuters) - Smartphone maker Apple Inc and its biggest manufacturing partner on Wednesday said that a small number of students were discovered working overtime in its Chinese factory, violating local labor laws.

Rockwell Automation rebuffs Emerson's latest bid

(Reuters) - Rockwell Automation Inc on Wednesday rejected rival Emerson Electric Co's sweetened takeover offer, saying the $29 billion bid undervalued the industrial automation company and that a merger would dampen its growth prospects.

Apple scientists disclose self-driving car research

(Reuters) - Research by Apple Inc computer scientists on how self-driving cars can better spot cyclists and pedestrians while using fewer sensors has been posted online, in what appears to be the company's first publicly disclosed paper on autonomous vehicles.

Microsoft's Skype pulled from Apple, Android China app stores

BEIJING (Reuters) - Skype, Microsoft Corp's internet phone call and messaging service, has disappeared from app stores in China including that of Apple Inc , indicating the latest setback for a foreign tech service in the country.

Trump says AT&T plan to buy Time Warner 'not a good deal'

(Reuters) - U.S. President Donald Trump on Tuesday stood by his criticism of pay TV and wireless company AT&T's deal to buy movie and TV show maker Time Warner Inc, which the Justice Department has sued to stop.

U.S. commission recommends tariffs to curb Samsung, LG washer imports

WASHINGTON/SEOUL (Reuters) - The U.S. International Trade Commission on Tuesday recommended tariffs to keep Samsung and LG from flooding the U.S. market with inexpensive washers, a step that would protect American appliance giant Whirlpool Corp .

NAFTA talks hit wall as Mexico, Canada push back on U.S. demands

MEXICO CITY (Reuters) - The United States, Mexico and Canada failed to resolve any major differences in a fifth round of talks to rework the NAFTA trade deal, drawing a swift complaint from the Trump administration on Tuesday that the lack of progress could doom the process.