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Hackers eye Canadian businesses: study

(Reuters) – Hackers attacking Canadian organizations are determined to make money in targeted campaigns while government insiders stole more data than ever before, a security study released on Tuesday showed. The number of breaches in Canada and the cost of dealing with them have spiked since the 2008 financial crisis,…

Salman Rushdie wins tussle with Facebook

Author Salman Rushdie has won a tussle with Facebook over his profile page on the social network. Rushdie’s run-in with Facebook stemmed from his insistence he be allowed to use his middle name — Salman, the one he is universally known by — instead of his first name — Ahmed…

China’s Huawei to buy out Symantec venture

Chinese telecom giant Huawei Technologies will buy out a joint venture with US security software maker Symantec by acquiring its 49 percent stake for $530 million, the firms said Tuesday. The venture, Hong Kong-based Huawei Symantec, was set up in 2008 to provide security, storage and systems management solutions. The companies decided that having a…

Schedule set for naming witnesses in AT&T-U.S. trial

WASHINGTON (Reuters) – A special master overseeing the Justice Department’s effort to stop AT&T from buying rival T-Mobile USA has issued a schedule for lists of trial witnesses to be drawn up, according to court papers. AT&T Inc previously complained that the Justice Department was taking too much time in naming its witnesses as…

Buffett builds $10 billion stake in IBM

(Reuters) - Berkshire Hathaway has accumulated a 5.5 percent stake in IBM, Warren Buffett said on Monday, his biggest bet on thetechnology field that he has historically shunned. Buffett, in a CNBC interview, said he bought about 64 million shares of IBM, which cost around $10.7 billion. Berkshire started buying the shares in March with a…

New payment app aims to make shopping easier

TORONTO (Reuters) – Ready to ditch your wallet, cash and credit cards? A mobile payment app lets users make purchases with their smartphone without taking the device out of their pocket or purse. Developed by electronic payment startup Square, the app called Card Case allows customers to pay for products and services at…

Internet keeps government honest: Google chief

HONOLULU, Hawaii — Broader adoption of the Internet will keep governments on their toes as wired-up citizens exercise their newfound power to check rights abuses, Google chief Eric Schmidt said on Saturday. “In nations and communities around the world, citizens are turning to online tools to keep their governments honest,”…

Austrian student takes on Facebook

VIENNA — Austrian law student Max Schrems may be just one of about 800 million Facebook users, but that hasn’t stopped him tackling the US giant behind the social networking website over its privacy policy. The 24-year-old wasn’t sure what to expect when he requested Facebook provide him with a…

‘Call of Duty’ has $400 million in sales on first day

(Reuters) – Activision Blizzard’s “Call of Duty: Modern Warfare 3″ video game racked up more than $400 million in sales on its first day in stores in the United States and the United Kingdom. Activision said in a statement on Friday its biggest holiday title had sold 6.5 million units,…

Private equity takes two approaches to Yahoo: sources

NEW YORK (Reuters) – Private equity firms including KKR and TPG Capital are looking to potentially buy minority stakes of up to 20 percent in Yahoo Inc with an eye to eventually taking over the whole company, people with knowledge of the situation said. These buyout firms have signed confidentiality…

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