Technology

SoftBank invests $250 million in U.S. online lender Kabbage

NEW YORK (Reuters) – Kabbage Inc, a U.S. online lender for small businesses, said on Thursday it had raised $250 million in equity funding from SoftBank Group Corp (9984.T), the latest fintech investment by the Japanese technology conglomerate. That is the largest equity investment in such lenders outside of China …

News

Secret Service to test small drone at Donald Trump's golf club

The US Secret Service plans to test a security drone when President Trump visits his New Jersey golf club later this month, according to a document seen by Reuters. A small drone will be trialled by the agency at the Trump National Golf Club in Bedminster. The President is expected …

Technology

Cognizant profit jumps 86.5 percent on lower income tax

(Reuters) – IT services provider Cognizant Technology Solutions Corp reported an 86.5 percent jump in quarterly profit, benefiting from lower income tax compared with the year-ago period. The company’s net income rose to $470 million, or 80 cents per share, from $252 million, or 41 cents per share, a year …

Technology

Amazon’s Hollywood spending soars, returns unclear

SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O) is quickly ramping up the billions of dollars a year it spends on creating and licensing TV shows and films, signaling the retailer plans to be in show business for the long haul. The issue came to the forefront of investors’ attention last …

News

WannaCry ransomware bitcoins move from online wallets

More than $140,000 (£105,000) worth of bitcoins paid by victims of the WannaCry ransomware outbreak have been removed from their online wallets. It has been nearly three months since infections struck organisations worldwide, including the NHS, which faced days of disruption as a result. The bitcoin activity was noticed by …

Technology

China's Meituan-Dianping aims to raise up to $5 billion from Tencent, others: source

HONG KONG (Reuters) – Chinese internet firm Meituan-Dianping, backed by Tencent Holdings Group Ltd (0700.HK), is in talks with prospective investors to raise $3 billion to $5 billion, said one person with direct knowledge of the matter. The financing round, for which Meituan is in talks with several global institutional …

Technology

Toshiba to invest in chip line without JV partner Western Digital

TOKYO (Reuters) – Toshiba Corp said on Thursday it would go ahead with the capital investment to build a memory chip production line without joint venture partner Western Digital Corp. The Japanese company said it has increased the initial amount of capital investment in the Fab 6 production line to …

Technology

Amazon picks its first Australian warehouse, a step towards launching

SYDNEY (Reuters) – U.S. retail giant Amazon.com unveiled the location of its first warehouse in Australia on Thursday, picking an industrial area outside Melbourne in a major step towards launching operations in the world’s 12th-largest economy. Australians can already buy Amazon products from offshore, but the prospect of an Amazon …

Technology

HBO conducts forensic review to understand scope of hack

(Reuters) – HBO’s chief said on Wednesday that the company is conducting a forensic review of its computer systems to better understand the scope of a cyber attack that surfaced over the weekend. Entertainment Weekly reported on Monday that hackers stole 1.5 terabytes of data and leaked online a script …

News

Posting children's photos on social media divides nation

Parents are divided about whether it is right to post photos of one’s children to social media, according to a study by the UK’s communications watchdog. Ofcom reported that just over half of parents it surveyed said they avoided what it termed “sharenting” altogether. A desire to protect the privacy …