A California man has sued Uber Technologies Inc and its Chief Executive Officer Travis Kalanick, claiming they stole his idea for a cellphone-based car hailing service. Kevin Halpern sued Uber, Kalanick and several early investors in the company in San Francisco Superior Court on Thursday, accusing them of misappropriation of trade secrets and breach of contract
Read moreFederal prosecutors charged two men on Friday with conspiracy and fraud after they allegedly breached the computer systems of Denver-based Photobucket and sold passwords and access to private information on the giant photo-sharing website. Brandon Bourret, 39, of Colorado Springs, Colorado, and Athanasios Andrianakis, 26, of Sunnyvale, California, were arrested at their homes, the U.S. Department of Justice said in a statement.
Read more(Reuters) – AOL Inc reported quarterly revenue above analysts' expectations, boosted by demand for its real-time bidding platform that helps advertisers place video and display ads on other digital properties. Shares of the company, whose businesses include the Huffington Post news website and the TechCrunch blog, were up 4 percent in premarket trading on Friday. Advertising has become a major revenue stream for AOL as the company moves away from dial-up subscription service, helped by acquisition of automated advertising platforms such as Adap.tv
Read moreBy John Ruwitch SHANGHAI (Reuters) – When Alibaba Group Holding Ltd's eccentric founder Jack Ma stepped down as CEO two years ago, he declared “the Internet belongs to young people,” and promised that most of the company's leaders born in the 1960s would soon retreat from management. On Thursday, that transition at the e-commerce behemoth appeared complete as Ma trumpeted the appointment of a fresh chief executive, Daniel Zhang, born in 1972, as part of a broader reshuffle.
Read moreBy Alex Dobuzinskis LOS ANGELES (Reuters) – A California civil liberties group launched a mobile application on Thursday that will let bystanders record cell phone videos of possible cases of police misconduct and then quickly save the footage to the organization’s computer servers.
Read more(Reuters) – Online travel services company Expedia Inc on Thursday affirmed earlier guidance for 2015 earnings but said it expects fierce competition for travel bookings in China to continue to produce quarterly losses for its subsidiary brand eLong Inc.
Read moreCybersecurity company FireEye Inc raised its full-year revenue forecast as governments and businesses increase spending to protect their networks from sophisticated cyber attacks. Shares of FireEye, which also reported better-than-expected quarterly revenue, rose 1.7 percent in extended trading on Thursday.
Read moreU.S. District Judge Jeffrey White in Oakland, California wrote the plaintiffs failed to establish legal standing to pursue a claim that the government violated the Fourth Amendment
Read moreBy Jim Finkle BOSTON (Reuters) – The Forbes.com financial news site was infected by Chinese hackers with spying software that targeted specific visitors, including those at U.S. financial services and defense firms, according to two cybersecurity firms. The hackers infected Forbes.com in November by inserting malware into a Forbes.com “Thought of the Day” widget that appears when any page on Forbes.com is accessed, cybersecurity firms iSight Partners Inc and Invincea Inc said on Tuesday
Read more(Reuters) – Two U.S. senators on Tuesday revived legislation that seeks to allocate more airwaves to public Wi-Fi by requiring regulators to quickly test how shared radio frequencies could coexist alongside those used for communications among smart cars. The bill by Senators Marco Rubio, a Florida Republican, and Cory Booker, a New Jersey Democrat, would direct the Federal Communications Commission to study how more spectrum can be freed up for public use without interfering with connected vehicles, which are incumbent users.
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