SEATTLE (Reuters) – Computer security researchers said they have uncovered a new variation on an old weakness in Microsoft Corp’s Windows operating system that could theoretically allow hackers to steal login credentials from hundreds of millions of PCs.
The vulnerability, named ‘Redirect to SMB’ by security firm Cylance, is similar to one found in the late 1990s that took advantage of a weakness in Windows and Microsoft’s Internet Explorer browser which made it possible for attackers to trick Windows into signing on to a server controlled by hackers.
SEATTLE (Reuters) – IBM has uncovered a sophisticated fraud scheme run by a well- funded Eastern European gang of cyber criminals that uses a combination of phishing, malware and phone calls that the technology company says has netted more than $1 million from large and medium-sized U.S. companies.
The scheme, which IBM security researchers have dubbed “The Dyre Wolf,” is small in comparison with more recent widespread online fraud schemes but represents a new level of sophistication.
April 1 (Reuters) – Chipmaker Micron Technology Inc
forecast lower revenue for the current quarter, saying it was
willing to hold inventories longer in the face of waning
customer demand for electronics featuring its technology.
Shares initially jumped 5 percent in after-hours trading
when the company’s quarterly revenue and profit beat analysts’
estimates. But after the damp forecast, the stock fell 1.4
percent below its closing price of $27.13.
SHANGHAI/SEATTLE (Reuters) – Starbucks Corp (SBUX.O: Quote, Profile, Research, Stock Buzz) will partner Taiwanese drinks maker Tingyi Holding Corp (0322.HK: Quote, Profile, Research, Stock Buzz) to produce and sell ready-to-drink (RTD) beverages in China, becoming the latest global firm to latch on to a local peer to expand in the tricky market.
Starbucks will have Tingyi manufacture the drinks for China and help extend its distribution on the mainland, the U.S. coffee giant’s fastest-growing overseas market, the pair said in a joint statement on Thursday.
LOS ANGELES/SEATTLE (Reuters) – Starbucks Corp Chief Executive Howard Schultz has deftly navigated thorny issues such as gay marriage, gun control and Congressional gridlock, but his move to weigh in on U.S. race relations has brewed up a social media backlash.
The world’s biggest coffee chain kicked off the discussion when it published full-page ads in major U.S. newspapers earlier this week with the words “Shall We Overcome?” at center page and “RaceTogether” and the Starbucks logo near the bottom.
SEATTLE/BEIJING (Reuters) – Microsoft Corp is making its biggest push into the heavily pirated Chinese consumer computing market this summer by offering free upgrades to Windows 10 to all Windows users, regardless of whether they are running genuine copies of the software.
The move is an unprecedented attempt by Microsoft to get legitimate versions of its software onto machines of the hundreds of millions of Windows users in China. Recent studies show that three-quarters of all PC software is not properly licensed there.
SEATTLE (Reuters) – Oracle Corp posted flat third-quarter revenue and slightly lower profit as the U.S. dollar strengthened, but the business software maker on Tuesday raised its quarterly dividend 25 percent to 15 cents a share.
Shares of Oracle, often a barometer for the technology sector, initially fell but quickly rose 3.3 percent in after-hours trading to $43.20.
SEATTLE (Reuters) – Microsoft is working on an advanced version of its competitor to Apple’s Siri, using research from an artificial intelligence project called “Einstein.”
Microsoft has been running its “personal assistant” Cortana on its Windows phones for a year, and will put the new version on the desktop with the arrival of Windows 10 this autumn. Later, Cortana will be available as a standalone app, usable on phones and tablets powered by Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) iOS and Google Inc’s (GOOG.O: Quote, Profile, Research, Stock Buzz) Android, people familiar with the project said.
(Reuters) – Alibaba Group Holding Ltd (BABA.N: Quote, Profile, Research, Stock Buzz) is investing $200 million in photo-messaging app Snapchat, a source familiar with the deal said, striking its latest Silicon Valley deal as the Chinese ecommerce company builds up mobile services.
The investment values the company at around $15 billion, according to Bloomberg, citing people familiar with the situation as saying. This places the four-year-old company into the top ranks of privately held startups.
March 11 (Reuters) – Alibaba Group Holding Ltd is
investing $200 million in photo-messaging app Snapchat, a source
familiar with the deal said, striking its latest Silicon Valley
deal as the Chinese ecommerce company builds up mobile services.
The investment values the company at around $15 billion,
according to Bloomberg, citing people familiar with the
situation as saying. This places the four-year-old company into
the top ranks of privately held startups.