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Parents withdraw from inquiry into death of U.S. engineer Shane Todd
By Kevin Lim and Pedja Stanisic SINGAPORE (Reuters) - The parents of an American engineer found dead in Singapore last year said on Wednesday they will not take part in the rest of a coroner's inquiry into his death, which they say was linked to a project involving the transfer of sensitive technology to China. In a statement, Rick and Mary Todd said they had lost confidence in the system investigating the death of their 31-year-old son, Shane, who was found hanging from a door in his Singapore apartment last June. ...
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US parents quit Singapore inquest into son's death
The parents of an American software engineer who believe their son was murdered last year in Singapore withdrew from the inquest Wednesday, saying they have no confidence in the city-state's legal process. ...
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Sony to assess spin-off plan; cuts targets for cameras, smartphones
By Tim Kelly TOKYO (Reuters) - Sony Corp cut its sales targets for digital cameras, smartphones and tablets by 13-17 percent for the year to end-March 2015, but said there were "encouraging" signs of a revival in its electronics business. CEO Kazuo Hirai told a press briefing on Wednesday that Sony would assess a proposal from its biggest shareholder, billionaire Daniel Loeb's Third Point LLC hedge fund, that the group should sell up to a fifth of its music and movies business, which includes artists such as Adele and hit franchises like "Spider-Man". ...
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Some U.S. utilities say they're under constant cyber attack
By Alina Selyukh and Jim Finkle WASHINGTON/BOSTON (Reuters) - Several power utilities say they face a barrage of cyber attacks on their critical systems, a report by two Democratic lawmakers found echoing warnings from the Obama administration that foreign hackers were trying to bring down the U.S. power grid. California Representative Henry Waxman released the report, co-authored with Massachusetts Representative Ed Markey, at the House Energy and Commerce Committee's cybersecurity hearing on Tuesday. ...
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With high-tech guns, users could disable remotely
A high-tech startup is wading into the gun control debate with a wireless controller that would allow gun owners to know when their weapon is being moved — and disable it remotely. The technology, but ...
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Some U.S. power companies say they face constant cyber attacks
BOSTON (Reuters) - Several U.S. power utilities say they face constant cyber attacks on critical systems, according to a report by two Democratic lawmakers amid warnings from the Obama administration that foreign hackers are seeking to attack the electric grid. Congressmen Edward Markey of Massachusetts and Henry Waxman of California disclosed their findings on Tuesday as the House Energy and Commerce Committee held a hearing on cybersecurity. In preparing the report the two asked some 160 utilities to describe their experiences fighting cyber attacks over the past five years. ...
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Leaked recording stirs political furor in Venezuela
By Brian Ellsworth CARACAS (Reuters) - A recording released by Venezuela's opposition purportedly revealing graft and conspiracy in the ruling Socialist Party has stirred a new political storm in the OPEC nation's already traumatic transition after the death of Hugo Chavez. Opposition leaders on Monday played an hourlong, expletive-laced diatribe in which a man identified as powerful state TV commentator Mario Silva lambastes party heavyweight Diosdado Cabello. They said Silva was talking to a Cuban intelligence officer. ...
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Kate Hudson Teams Up With Zach Braff
Today in show business: Zach Braff has put Kate Hudson in the movie you bought him, the Angry Birds movie really is happening, and Claire Danes has a teen daughter.
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Small company stock are a bright spot
NEW YORK (AP) — Small-company stocks were a bright spot in a subdued start to the week for Wall Street.
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Small company stocks take the limelight
NEW YORK (AP) — Small-company stocks were a bright spot in a slow and choppy start to the week for Wall Street.
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Jon Stewart's humor a hit with millions of envious Chinese
By Jane Lee SHANGHAI (Reuters) - Humor may not always translate well, but Jon Stewart is picking up millions of fans in China, where his gloves-off political satire is refreshing for many in a country where such criticism is a rarity - especially when directed at their own leaders. A recent segment on North Korea scored over 4 million views on microblogger Sina Weibo, and even stodgy state broadcaster CCTV has used Stewart's "The Daily Show" in a report, though they wouldn't let a Chinese version of him near their cameras. ...
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CA-BUSINESS Summary
TSX rises as gold miners lone sore spot TORONTO (Reuters) - Canada's main stock index rose on Friday as robust economic data helped drive gains in energy stocks and financial shares, offsetting weakness in gold producers. The materials sector, a major component of the S&P/TSX composite which includes gold miners, was the lone sector to finish in the red of ten main sectors, as the price of gold fell for a seventh straight session. ...
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Exclusive: EU cites Chinese telecoms Huawei and ZTE for trade violations
By Daniel Bases NEW YORK (Reuters) - Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines. European Union Trade Commissioner Karel De Gucht said he was prepared to launch a formal investigation into anti-competitive behavior by these Chinese companies in order to protect a "strategic" sector of Europe's economy. ...
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Syrian Electronic Army Adds Financial Times to Its Social Media Hacks
The Financial Times became the latest news agency to fall prey to the Syrian Electronic Army, the hacking group which has claimed the social media scalps of the AP, The Onion, the BBC, and NPR, perhaps signaling that news outlets should be more like The Onion and come clean about how they're getting hacked.
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Syria government supporters hack Financial Times
By Jim Finkle and Jennifer Saba (Reuters) - The Financial Times' website and Twitter feeds were hacked on Friday, renewing questions about whether the popular social media service has done enough to tighten security as cyber-attacks on the news media intensify. The Syrian Electronic Army, an online group that supports Syrian President Bashar al-Assad, was behind the incident which followed a phishing attack on the company's email accounts, FT reported on its website. The attack is the latest in which hackers commandeered the Twitter account of a prominent news organization to push their ...
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Syrian hackers compromise FT blog, Twitter feeds
LONDON (AP) — A clutch of Twitter accounts and a blog maintained by the Financial Times were hacked Friday, the latest in a series of cyberattacks claimed by the Syrian Electronic Army, a pro-government group which has regularly targeted media organizations it sees as sympathetic to the country's rebels.
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Saudi Arabia says hackers sabotage government websites
RIYADH (Reuters) - Several government websites in Saudi Arabia were sabotaged in a series of heavy cyber attacks from abroad in recent days, disabling them briefly until the attacks were repelled, the government said. An investigation traced the "coordinated and simultaneous attacks" to hundreds of Internet protocol addresses in a number of countries, an unnamed source at the Saudi Interior Ministry told state news agency SPA. ...
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Today in business: 5 things you need to know
Bill Gates reclaims "world's richest" title, hackers target Financial Times, and more
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Syrian hackers compromise FT blogs, Twitter feeds
LONDON (AP) — A clutch of blogs and Twitter accounts maintained by the Financial Times were hacked Friday, the latest in a series of cyberattacks claimed by the Syrian Electronic Army, a pro-government group which often attacks media organizations it sees as sympathetic to the country's rebels.
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Penitent Romanian hacker aims to protect world's ATMs
By Radu Marinas VASLUI, Romania (Reuters) - Valentin Boanta, sitting in his jail cell, proudly explains the device he has invented which, he says, could make the world's ATMs impregnable even to tech-savvy criminals like himself. Boanta, 33, is six months into a five-year sentence for supplying gadgets an organized crime gang used to conceal ATM skimmers, which can copy data from an unsuspecting ATM user's card so a clone can be created. He said he had started to make the devices for the sheer excitement of it and denies ever planning to use them himself, saying he only sold them to others. ...
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LulzSec hackers sentenced for attacking Sony, News Corp and the CIA
A U.K. judge has sentenced four members of hacking collective LulzSec, an offshoot of hacking group Anonymous, for their role in taking down various corporate and government websites between February and September 2011, ZDNet reported. Judge Deborah Taylor sentenced 26-year old Ryan Ackroyd, 20-year old Jake Davis, 18-year old Mustafa al-Bassam and 21-year old Ryan Cleary in a London courtroom on Thursday. Ackroyd received a prison sentence of up to 32 months, of which he will be required to serve at least half, while Davis was sentenced to two years in a young offenders institution, which he must remain at for at least a year. Bassam, who was a minor at the time of the hackings, received a suspended sentence
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Prepaid iPhone sales exploded in Q1
A new report suggests that prepaid smartphones are becoming more popular among consumers. According to research from NPD Group, 32% of all smartphones sold in the first quarter were prepaid devices, up from 21% during the same period in 2012. Samsung was found to be the most popular vendor of prepaid smartphones, accounting for 32% of sales in the first quarter. Handsets from LG made up 22%, Huawei 11%, and Apple and HTC tied at 8%. Prepaid iPhone sales were found to have increased fourfold in Q1 though, while sales of LG smartphones doubled year-over-year. “Prepaid has proven to be a real winner for national retailers,” said Baker. “The easy purchase cycle and grab-and-go nature of the product play into the strength
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LulzSec hackers who "wreaked havoc" at Sony jailed in UK
By Li-mei Hoang LONDON (Reuters) - A group of British hackers who "ran riot" causing millions of dollars of damage to computer networks run by Sony, the CIA and other agencies were sentenced to jail terms on Thursday. Police said four men, members of the hacking collective known as "LulzSec", put thousands of internet users' personal data at risk through their high-profile cyber attacks in 2011. ...
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UK court jails 4 Lulzsec hackers for cyberattacks
LONDON (AP) — Four young computer hackers who masterminded cyberattacks on targets from the CIA to Sony Pictures and Rupert Murdoch's News International were sentenced to up to 32 months in prison on Thursday.
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China threatens own trade action if EU opens telecoms case
By Ethan Bilby BRUSSELS (Reuters) - China threatened on Thursday to retaliate if the European Union formally opens an investigation into alleged anti-competitive behavior by Chinese mobile telecom equipment companies. European Trade Commissioner Karel De Gucht said on Wednesday he and fellow commissioners had agreed in principle to open an anti-dumping and anti-subsidy case against China, but would first seek to negotiate a solution with Chinese authorities. Although not mentioned in the statement, EU officials told Reuters the primary targets of the investigation would be world No. ...