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German cyber crime rose 80 percent in 2016: report

The German government registered 82,649 cases of computer fraud, espionage and other cyber crimes in 2016, an increase of just over 80 percent from 2015, a German newspaper reported on Sunday. German Interior Minister Thomas de Maiziere is due to release the new statistics, part of the government’s annual crime …

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U.S. Homeland Security probes possible abuse in Twitter summons case

The U.S. Homeland Security Department’s inspector general said on Friday he was investigating possible abuse of authority in a case that triggered a lawsuit against the department by Twitter Inc (TWTR.N). Inspector General John Roth described the probe in a letter to Senator Ron Wyden, an Oregon Democrat who had …

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Apple self-driving car testing plan gives clues to tech program

Apple Inc outlined a plan to train operators of self-driving cars in documents submitted to California regulators earlier this month, the latest clues to the company’s autonomous vehicle technology aspirations. Apple was granted a permit to test self-driving cars on April 14 by the California Department of Motor Vehicles but …

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EBay’s second-quarter profit forecast falls short of estimates

EBay Inc (EBAY.O) on Wednesday forecast second-quarter profit that fell short of analysts’ estimates, as it spends heavily on revamping and marketing its e-commerce platform amid stiff competition from much larger rival Amazon.com Inc (AMZN.O). Shares of the company fell 2.5 percent to $33 in trading after the bell. San …

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Yahoo’s first-quarter revenue jumps 22 percent

Yahoo Inc (YHOO.O) reported a 22.1 percent increase in quarterly revenue on Tuesday, ahead of the sale of its core internet business to Verizon Communications Inc (VZ.N). Yahoo said revenue from Mavens – the mobile, video, native and social advertising units that it has touted as key emerging businesses – …

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Hacker documents show NSA tools for breaching global money transfer system

Documents and computer files released by hackers provide a blueprint for how the U.S. National Security Agency likely used weaknesses in commercially available software to gain access to the global system for transferring money between banks, a review of the data showed. On Friday, a group calling itself the Shadow …

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Uber’s revenue hits $6.5 billion in 2016, still has large loss

Ride-hailing service Uber Technologies Inc [UBER.UL] generated $6.5 billion in revenue last year and its gross bookings doubled to $20 billion, the company said on Friday. Its adjusted net loss was $2.8 billion, excluding the operation in China it sold last year, Uber said. As a private company, now worth …

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Facebook shareholders propose reports on ‘fake news’, pay equality

Shareholders have proposed that Facebook Inc (FB.O) prepare a report on the threat to democracy and free speech from so-called fake news spread on the social media forum, and the dangers it may pose to the company itself, according to a proxy filing made on Friday. The proposal, which said …

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Uber may face $1 million fine over California drunken-driving complaints

Uber’s popular ride-sharing network has repeatedly failed to promptly suspend and investigate its California drivers when passengers report them driving drunk, state regulators charged in an enforcement action, recommending $1.13 million in fines. The consumer protection arm of the California Public Utility Commission found Uber Technologies Inc [UBER.UL] has violated …

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Google offers at least $880 million to LG display for OLED investment: Electronic Times

Google Inc has offered to invest at least 1 trillion won ($880.29 million) to help South Korea’s LG Display Co Ltd (034220.KS) boost output of organic light-emitting diode (OLED) screens for smartphones, the Electronic Times reported on Monday citing unnamed sources. The paper said Google offered the investment to secure …

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