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  • Deutsche Telekom says finds no evidence of NSA, GCHQ surveillance

    The logo of Deutsche Telekom AG is seen outside the company's headquarter in BonnDeutsche Telekom said it had found no indication that the U.S. National Security Agency (NSA) and Britain's GCHQ had obtained access to its computer network, but said it was investigating the matter following a report in Sunday's Der Spiegel magazine. "We are looking into every indication of possible manipulations but have not yet found any hint of that in our investigations so far," a Telekom spokesman said in a statement on Sunday. Der Spiegel said it had seen information suggesting the NSA and GCHQ had gained access to the networks of Deutsche Telekom and smaller German provider Netcologne.

  • Islamic State's Twitter silence raises questions

    A fighter of the ISIL holds a flag and a weapon on a street in MosulBy Alexei Oreskovic and Lesley Wroughton SAN FRANCISCO/WASHINGTON (Reuters) - Islamic State's Twitter users, which have trumpeted the group's violent acts and world view on the social media service, have gone abruptly quiet in past days. The sudden silence also came days after reports about Islamic State-linked accounts threatening action against Twitter employees, though there was no evidence to link the two episodes.

  • China shuts newspaper website amid extortion scandal
    BEIJING (Reuters) - China has shut a respected business newspaper's website and opened an investigation, state media said on Friday, after executives confessed they extorted "huge payments" from companies in exchange for quashing critical stories. The official Xinhua news agency reported last month that eight suspects, some working at the 21st Century Business Herald and others at public relations firms, were under investigation. ...

  • Professor who lost job over Gaza tweets rebuffed by Illinois university trustees
    University of Illinois trustees voted overwhelmingly on Thursday not to reinstate Steven Salaita, whose Twitter postings about Israel caused him to lose a promised faculty job, sparking debate about academic freedom and the use of social media. Salaita, a former tenured professor of English at Virginia Tech, accepted a tenured professorship in October 2013 to teach at University of Illinois' American Indian Studies program but it was revoked in early August after Salaita posted tweets denouncing Israel's military strikes in Gaza. Many of the Twitter messages were inflammatory and in justifying its decision not to give him a job, the university said they were demeaning and uncivil.

  • Cyber breaches rare among U.S. state-registered investment advisers -study

    A lock icon, signifying an encrypted Internet connection, is seen on an Internet Explorer browser in ParisCyber security breaches are rare among investment advisory firms registered with U.S. Just 4 percent of advisers reported having a "cyber security incident" during the years in which they have been registered in their respective states, according to a study by the North American Securities Administrators Association (NASAA). Theft and unauthorized use of confidential data were problems for 1 percent of advisers, NASAA said. Also, fewer than half of the firms surveyed, or 44 percent, had policies, procedures and training in place related to cyber security.

  • Detroit IT systems 'fundamentally broken': city's tech officer
    By Lisa Lambert DETROIT (Reuters) - (This version of the story corrects reference to Unisys, coding problems in 5th paragraph) Detroit relies on antiquated and dilapidated information technology for basic city administration, which puts citizens' safety at risk, makes simple administrative tasks impossible, and creates opportunities for security breaches, the city's information officer testified at a bankruptcy hearing on Monday. Beth Niblock, who was hired as Detroit's chief information officer after she assessed the city's technology as part of a White House-appointed team, frequently used the words "atrocious" and "unreliable" to describe the computers and network that the city uses for everything from managing email to supporting fire stations.

  • Washington state teenagers arrested in school shooting threats
    Friends of a Washington state man accused of threatening a shooting rampage at his former high school have been arrested on charges of intimidating witnesses who brought the alleged plot to the attention of police, officials said on Wednesday. Matthew Smiley, 18, was charged on Monday with felony harassment and ordered held on $2 million bail for making multiple threats to "shoot up" his former high school in Kingston, on the Kitsap Peninsula, west of Seattle, court officials said. "Witnesses also reported the young man had access to firearms and had displayed these weapons as a point of emphasis," the Kitsap County Sheriff's Office said. All four were awaiting arraignment on a single count of witness intimidation, a court official said on Wednesday.

  • Danish reformer gets EU antitrust stick; German to police the Internet

    Danish Economy Minister Vestager holds a news conference after an EU finance ministers meeting in BrusselsBy Foo Yun Chee and Julia Fioretti BRUSSELS (Reuters) - Europe's incoming competition and telecoms chiefs will have their plates full for the next five years as one tackles global companies suspected of acting unfairly while the other seeks to keep the Internet open and let online services flow freely. Denmark's Margrethe Vestager, a former economy minister who steered her country through austere reforms in recent years, takes on a post with the power to veto state aid granted unfairly to companies and to block multi-billion euro mergers. A career politician who started off as a stagiaire" (intern) in the European Parliament, 46-year-old Vestager has been considered by Danish media and pollsters as the most powerful person in government, even above Prime Minister Helle Thorning-Schmidt. Having forced through deep cuts in unemployment benefits, a jewel in Denmark's generous social welfare crown, she stands out as almost dogmatic in a country where politics are marked by consensus and compromises.

  • Denmark's TDC to launch unlimited business calls in Europe
    TDC, battling to attract new customers and retain market share, will offer unlimited mobile phone calls in Europe for its business customers from October, the Danish telecom company said in a statement on Wednesday. TDC shares have fallen 18 percent since Aug. 7 when it told investors it had lost two local government service tenders, which count as business mobile phone clients, and indicated it would have to offer cheaper broadband services next year. It has a market share of about 40 percent in Denmark's mobile market. On Thursday, TDC said calls to Danish business mobile phones while holders are in any European Union or Nordic countries will be unlimited, while those businesses paying for the highest level service would also be able to call non-Danish numbers for free.

  • Apple to charge banks in new payment system: Bloomberg

    Eddy Cue, Apple's senior vice president of Internet Software and Service, introduces Apple Pay during an Apple event at the Flint Center in Cupertino(Reuters) - Apple Inc will charge fees from banks every time consumers use their iPhone to make purchases, a move that will give the company a cut of the growing mobile payments market, Bloomberg reported citing people with knowledge of the arrangement. Apple unveiled a watch, two larger iPhones and the mobile payments service Apple Pay on Tuesday. The new iPhones will come equipped with the payments service, which launches in the United States next month and allows users to pay for items in stores with their phones instead of physically presenting their credit or debit cards. Under the deals struck individually with each bank, Apple will collect a fee for each transaction, the report said.

  • Professor seeks reinstatement after losing job over Gaza tweets
    A professor who lost a promised job over his tweets on the recent seven-week Israel-Palestine war demanded on Tuesday that the University of Illinois at Urbana-Champaign (UIUC) reinstate him, citing free speech and academic freedom. The termination of Salaita in August, two weeks before he was to start teaching, has ignited debate and protests at UIUC and other universities over academic freedom and politics. Salaita tweeted heavily during the war, including this message on Aug. 1: "Supporters of #Israel should be forced--A Clockwork Orange style--to view pics of smiling children who were killed on endless repeat. On Tuesday, a number of UIUC students walked out of classes to listen to Salaita's first public comments since the university rescinded his appointment to the department of American Indian Studies.

  • Jack Ma, 'capital-lite' model impress at Alibaba's Boston IPO event

    Ma, the founder and executive chairman of Alibaba Group Holding, leaves following the company's roadshow meeting in New YorkBy Tim McLaughlin and Ross Kerber BOSTON (Reuters) - Alibaba Group Holding Ltd has two major things going for it as it prepares for an initial public offering that could raise more than $21 billion: founder Jack Ma and a "capital-lite" business model. While corporate governance remains a concern, several fund managers and analysts said Ma gave an impressive performance during the company's pitch in Boston on Tuesday for what stands to be the largest-ever U.S. They also said the Chinese e-commerce company's business model features strong cash-flow generation and low capital intensity similar to U.S. Internet stars Facebook Inc and Google Inc. "He's executed well," said Will Danoff, who runs the $111 billion Contrafund for Fidelity Investments.

  • With no bank in charge, Alibaba's bankers learn to work together

    An employee is seen behind a glass wall with the logo of Alibaba at the company's headquarters on the outskirts of Hangzhou, Zhejiang provinceAlibaba Group Holding Ltd's desire to keep tight control over its $21.1 billion share sale has left a vacuum at the helm of its banking syndicate, leading underwriters to take unusual steps to manage the offering, according to sources familiar with the situation. Facebook Inc, for example, had Morgan Stanley in that role, while Twitter Inc used Goldman Sachs Group Inc for the job. Alibaba, however, decided to do without one bank in charge of its IPO, and instead is seeking advice from all its major bookrunners. The move gives Alibaba control of the process as no one bank has a complete picture of what is going on.

  • Turkey tightens Internet controls, weeks into new government

    YouTube logos displayed on a laptop screen partially covered with Turkey's national flag in this photo illustration taken in AnkaraBy Ozge Ozbilgin ANKARA (Reuters) - Turkey's parliament passed a law tightening Internet controls and expanding the powers of its telecoms authority late on Monday, weeks after a new government took office pledging the beginning of a "new Turkey". The move comes on top of legislation passed in February that made it easier for the authorities to block access to web pages without a prior court order, prompting public anger and raising concern about free speech. The new law expands those powers, allowing the TIB telecoms authority to block sites if it is deemed necessary for matters of "national security, the restoration of public order and the prevention of crimes". The new legislation also gives the TIB, which reports to the prime minister's office, access to individuals' browsing history without a court order.

  • Tinder, former marketing executive settle sexual harassment case
    By Edwin Chan SAN FRANCISCO (Reuters) - A former executive who accused popular dating-app company Tinder of sexual harassment and discrimination has settled her lawsuit with the startup, ending a dispute that cast a spotlight over the treatment of women in the technology industry. Lawyers for the plaintiff, former marketing vice president Whitney Wolfe, said on Monday the lawsuit had been resolved but did not provide details. IAC/InterActiveCorp owns a majority stake in Los Angeles-based Tinder and was also named as a defendant, along with fellow dating site and IAC portfolio company Among the allegations was that Chief Executive Officer Sean Rad and the company's chief marketing officer, Justin Mateen, removed her title as co-founder because of her gender.

  • Home Depot confirms payment systems were breached

    A closeup of an electronic payment station at a Home Depot store in Daly City(Reuters) - Home improvement retailer Home Depot Inc confirmed on Monday that its payment security systems have been breached, which could impact customers using payment cards at its stores in the United States and Canada. Home Depot, however, said it has found no evidence that personal identification numbers (PINs) have been compromised, it said in a statement. The breach was first reported by security website KrebsonSecurity on Sept. 3, which had said the problem could extend back to April and affect all of Home Depot's 2,200 stores in the United States. Home Depot said it is focusing its investigation from April this year, after its banking partners and law enforcement agencies first notified them of the breach last week.

  • Netflix joins online protest on U.S. net neutrality

    The Netflix logo is is shown on an ipad in Encinitas, CaliforniaLOS ANGELES (Reuters) - Video streaming service Netflix Inc will join Reddit, Kickstarter and thousands of other websites on Wednesday in an online protest that calls for strong U.S. rules to ensure equal treatment of Internet traffic. The Federal Communications Commission is considering "net neutrality" rules that critics worry could lead to fast lanes for websites that pay broadband providers for quicker delivery, and slow lanes for companies that do not pay. ...

  • In wake of Target, Home Depot tight with info in breach response

    A Home Depot location is seen in Niles(Reuters) - Home Depot Inc is being tight-lipped about its possible credit card breach, the opposite approach to the one Target Corp took nearly a year ago. Almost a week after security blogger Brian Krebs warned that Home Depot could be the victim of a breach extending to more than 2,000 U.S. By contrast, Target made initial disclosures on its breach's scope but later revised them in a series of updates that confused and angered consumers, hitting sales and contributing to Chief Executive Officer Gregg Steinhafel's departure. In its minimalist communication strategy, Home Depot likely is drawing lessons from Target, avoiding an incremental approach that risks giving the impression that it does not have a complete grasp of the problem, crisis management experts said.

  • Facebook targets advertisers as 100 million log on in Africa

    A man is silhouetted against a video screen with an Facebook logo as he poses with an Samsung S4 smartphone in this photo illustration taken in the central Bosnian town of ZenicaOne in 10 Africans are logging on to Facebook every month, the world's No.1 online social network said on Monday, presenting a new target audience for advertisers. Facebook's global mobile advertising revenue jumped more than 150 percent in the second quarter, accounting for about 62 percent of overall ad revenue. Knowing that there is all these people now in Africa that you can connect with, that is exciting as well," said Nicola Mendelsohn, Facebook's vice president for Europe, Middle East and Africa. Facebook would be pouring more resources into Africa to understand how consumers use its product and was considering opening an office on the continent in 2015, Mendelsohn said, without saying where the office might be.

  • Egypt orders arrest of men over "gay marriage" video
    CAIRO (Reuters) - Egyptian authorities have ordered the arrest of nine men who appeared in a video purporting to show the country's first gay marriage, accusing them of inciting debauchery and undermining public morals. Gay marriage is not legal in Egypt, a conservative Muslim society where the footage, which went viral on social media sites last month, has caused a stir online. Though homosexuality is not specifically outlawed in Egypt, discrimination is rife. ...

  • Deutsche Telekom plans move into online sport betting
    Deutsche Telekom is readying a move into online sport betting in a bid for a slice of Germany's multi-billion euro gambling market, the company said on Saturday. "The sport betting market is booming so an entry is of interest to Deutsche Telekom," a spokeswoman for the telecommunications provider said. German newspaper Sueddeutsche Zeitung on Saturday reported that Deutsche Telekom planned to offer betting services through a company called Deutsche Sportwetten GmbH (DSW), which is expected to obtain a government gambling concession shortly. DSW is one of the companies on the list for a license but the final result is still subject to a 15-day waiting period, the Deutsche Telekom spokeswoman said.

  • Alibaba IPO legal fees dwarf Facebook's

    An employee is seen behind a glass wall with the logo of Alibaba at the company's headquarters on the outskirts of Hangzhou, Zhejiang provinceAlibaba Group Holding Ltd disclosed on Friday that it would pay $15.8 million in legal fees to law firm Simpson Thacher and other attorneys who advised the Chinese e-commerce giant on its upcoming IPO, six times what Facebook paid its counsel two years ago. Alibaba, which is seeking to raise as much as $21 billion in an IPO expected later this month, made the disclosure in a prospectus on Friday filed with the U.S. The legal fees for Alibaba's IPO rank the fourth highest in the past 10 years, according to IPO Vital Signs. The 2013 IPO of Empire State Realty trust ranked the highest, with a whopping $32.8 million in estimated legal fees, while the IPO of Kinder Morgan in 2011 cost the pipeline company $17 million.

  • Facebook ready to spend billions to bring whole world online: Zuckerberg

    Zuckerberg, founder and CEO of Facebook, gestures during his conference at Seminar "Mexico Siglo XXI", organized by Telmex foundation, in Mexico CityBy Christine Murray MEXICO CITY (Reuters) - Facebook Inc is prepared to spend billions of dollars to reach its goal of bringing the Internet to everyone on the planet, Chief Executive Mark Zuckerberg said on Friday. "What we really care about is connecting everyone in the world," Zuckerberg said at an event in Mexico City hosted by Mexican billionaire Carlos Slim. "Even if it means that Facebook has to spend billions of dollars over the next decade making this happen, I believe that over the long term its gonna be a good thing for us and for the world." Around 3 billion people will have access to the Internet by the end of 2014, according to International Telecommunications Union (ITU) statistics. Almost half that, 1.3 billion people, use Facebook.

  •'s retail practices in India come under scrutiny: WSJ

    A just-delivered Amazon box is seen on a counter in Golden, ColoradoRegulators in India are investigating whether Inc may have circumvented restrictions placed on foreign investors by selling directly to domestic consumers, The Wall Street Journal on Friday, citing unidentified sources. India does not allow foreign firms to own majority stakes in retail companies that sell more than one brand. Amazon was not immediately available for comment. The Seattle-based e-commerce company makes its money in India by charging third-party suppliers to use its website to sell some 17 million different products, from books to electronics.

  • Building a giant? Rocket bets big on new online markets
    By Jeremy Wagstaff, Maria Kiselyova and Emma Thomasson SINGAPORE/MOSCOW/BERLIN (Reuters) - Germany's Rocket Internet faces daunting logistical challenges and rising local competition from Lagos to Laos as it races to capture customers in emerging markets before e-commerce titans Amazon and Alibaba can catch up.     That spells mounting losses as the venture capital company gears up to launch an initial public offering (IPO) this month that will help provide the war chest it needs to build and defend what it hopes will be the largest online shopping empire outside the United States and China.     Chief Executive Oliver Samwer, who founded Rocket Internet in 2007 with his brothers Alexander and Marc, sees huge opportunities for digital businesses in emerging markets, noting that the cities with the most active Facebook users are Bangkok, Jakarta and Istanbul - with no U.S. Alibaba's net income attributable to ordinary shareholders nearly tripled to $1.99 billion.     The Rocket businesses are growing fast - revenue was up 74 percent in 2013 - and they have succeeded in attracting over 1 billion euros in capital from a raft of high-profile investors - most recently German service provider United Internet AG and Philippine Long Distance Telephone Company.


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