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Monday, December 1, 2014

Technology Report: Apple tumbles as much as 6 percent in unusual trading

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Apple tumbles as much as 6 percent in unusual trading
NEW YORK (Reuters) - Apple Inc shares tumbled shortly after the start of trading on Monday, briefly suffering their largest price drop in at least three months on an unusual spike in volume.
U.S. retailers warn of Chinese giant Alibaba's impact in U.S.
SAN FRANCISCO (Reuters) - Several of the largest U.S. retailers warned that Alibaba Group Holding Inc may "decimate" local companies unless Congress closes tax loopholes for online retailers, singling out the Chinese company before it has even established a major American consumer presence.
Cyber ring stole secrets for gaming U.S. stock market: FireEye
BOSTON (Reuters) - Security researchers say they have uncovered a cyber espionage ring focused on stealing corporate secrets for the purpose of gaming the stock market, in an operation that has compromised sensitive data about dozens of publicly held companies.
IBM signs 10-year multi-billion cloud deal with ABN Amro
AMSTERDAM (Reuters) - IBM has signed a 10-year, multi-billion dollar deal to provide computer infrastructure services to Dutch bank ABN Amro [ABRGPA.UL] running on its cloud systems, the U.S. information technology firm said on Monday.
Intel acquires Canadian IT security firm PasswordBox
TORONTO (Reuters) - Intel Corp said on Monday it has acquired PasswordBox, a Montreal-based identity management service that gives users a convenient way to log into websites and applications from any device without having to type or remember passwords.
Chipmaker Cypress to buy peer Spansion in $4 billion deal
(Reuters) - U.S. chipmaker Cypress Semiconductor Corp said it would buy peer Spansion Inc in an all-stock deal valued at about $4 billion.
Sony hires Mandiant after cyber attack, FBI starts probe
BOSTON/LOS ANGELES (Reuters) - Sony Pictures Entertainment has hired FireEye Inc's Mandiant forensics unit to clean up a massive cyber attack that knocked out the studio's computer network nearly a week ago, three people with knowledge of the matter said on Sunday.
Amazon rolls out Kiva robots for holiday season onslaught
TRACY, Calif (Reuters) - Inc has installed more than 15,000 robots across 10 U.S. warehouses, a move that promises to cut operating costs by one-fifth and get packages out the door more quickly in the run-up to Christmas.
Canadian banks embrace new technology to woo younger clients
TORONTO (Reuters) - Canada's banks are shaking off a bit of the stable-but-staid reputation they built by dodging the worst of the global financial crisis as they embrace new technologies to reach an increasingly tech savvy audience.
U.S. loses bid to revoke Megaupload founder's bail conditions
WELLINGTON (Reuters) - U.S. authorities have lost a motion to have cyber fugitive Kim Dotcom remanded in custody in New Zealand before his extradition hearing to face internet piracy charges in the United States.
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