Correspondent, Toronto, Canada
Alastair's Feed
Aug 28, 2015

Ashley Madison parent company CEO quits after infidelity data hack

TORONTO, Aug 28 (Reuters) – Noel Biderman, the chief
executive of infidelity website Ashley Madison’s parent company
Avid Life, has left the company, weeks after hackers launched a
cyber assault that leaked sensitive data about millions of
clients.

Avid Life said on Friday the departure was by “mutual
agreement” and the company’s existing management would take over
until a new CEO is appointed.

Aug 25, 2015

TSX ends higher, helped by banks and energy shares

TORONTO, Aug 25 (Reuters) – Canada’s main stock index
finished modestly higher on Tuesday after surging as much as 3
percent following China’s decision to cut interest rates and
banks’ reserve requirement to kick-start economic growth.

The Toronto Stock Exchange’s S&P/TSX composite index
ended up 98.19 points, or 0.75 percent, at 13,150.93.

Aug 24, 2015

TSX battered in global rout, slumps most since late 2011

TORONTO, Aug 24 (Reuters) – Canada’s main stock index was
battered on Monday, swept along by the global market rout that
saw a nearly 9 percent plunge in Chinese stocks and sent
commodity prices tumbling.

The Toronto Stock Exchange’s S&P/TSX composite index
lost 420.93 points, or 3.12 percent, to close at
13,052.74, its steepest daily loss since late 2011.

Aug 24, 2015

Two people may have committed suicide after Ashley Madison hack-police

TORONTO (Reuters) – At least two people may have committed suicide following the hacking of the Ashley Madison cheating website that exposed the information of clients, Toronto police said on Monday.

Avid Life Media Inc, the parent company of the website, is offering a C$500,000 ($379,132) reward to catch the hackers, police said.

Aug 22, 2015

Major Ashley Madison investor stays faithful to embattled company

TORONTO (Reuters) – A major investor in infidelity website AshleyMadison.com’s parent company said the data breach of its systems was a concern for customers but would not affect his backing of the company.

The crisis engulfing Ashley Madison and parent Avid Life Media deepened on Thursday as lawyers filed a class-action lawsuit claiming $750 million in damages from the release by hackers of customers’ emails stolen from the company.

Aug 21, 2015

TSX sinks to lowest since Feb 2014 on global growth worry

TORONTO, Aug 21 (Reuters) – Canada’s main stock index sank
to its lowest in 18 months on Friday, capping a week of rapid
retreat on persistently grim global sentiment following more
disappointing data out of China.

Global equity markets plummeted toward their worst week this
year, while the beating in commodities continued as data out of
China showed manufacturing in the country was slowing at the
fastest pace since the financial crisis in 2009.

Aug 20, 2015

Ashley Madison founder emails leaked in new data dump

TORONTO (Reuters) – Emails sent by the founder of infidelity website AshleyMadison.com appear to have been exposed in a second, larger release of data stolen from its parent company, cyber security experts confirmed on Thursday.

The data dump by hackers who have attacked the site appears to include email messages linked to Noel Biderman, founder and chief executive officer of its Toronto-based parent company Avid Life Media.

Aug 19, 2015

Hacker’s Ashley Madison data dump threatens marriages, reputations

TORONTO, Aug 19 (Reuters) – Love lives and reputations may
be at risk after the release of customer data from infidelity
website Ashley Madison on Tuesday, an unprecedented breach of
privacy likely to rattle users’ attitudes towards the Internet.

Hackers dumped a big cache of data containing millions of
email addresses for U.S. government officials, UK civil servants
and high-level executives at European and North America
corporations late on Tuesday, the latest cyber attack to raise
concerns about internet security and data protection.

Aug 19, 2015

Hacker’s Ashley Madison data dump threatens marriages, reputations

TORONTO, Aug 19 (Reuters) – Love lives and reputations may
be at risk after the release of customer data from infidelity
website Ashley Madison on Tuesday, an unprecedented breach of
privacy likely to rattle users’ attitudes towards the Internet.

Hackers dumped a big cache of data containing millions of
email addresses for U.S. government officials, UK civil servants
and high-level executives at European and North America
corporations late on Tuesday, the latest cyber attack to raise
concerns about internet security and data protection.

Aug 19, 2015

TSX knocked down more than 1 percent as energy crumbles

TORONTO, Aug 19 (Reuters) – A capitulation in heavyweight
energy stocks pummeled Canada’s main stock index on Wednesday,
pushing it down 1.1 percent as crude oil prices plumbed new
depths after a shock rise in U.S. stockpiles.

The energy group sank 4.3 percent, knocking it to its lowest
since August 2004, in line with a similar fall in the commodity
after the U.S. inventories numbers reinforced concerns about a
global supply glut.

    • About Alastair

      "Canada tech, media and telecoms reporter based in Toronto, with emphasis on Research In Motion and including coverage of Rogers, Bell Canada, Telus, the new mobile entrants and the tech companies filling in the gaps. Previously spent two years in Cairo bureau chasing Orascom Telecom's Naguib Sawiris. Prior to that, spent a year learning the ropes in London."
      Joined Reuters:
      2007
      Languages:
      English, Arabic
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