London-listed Optimal Payments Plc is to buy the maker of the Skrill e-wallet, the biggest competitor to its Neteller business, for an enterprise value of about 1.1 billion euros ($1.2 billion), it said on Monday.
Read moreTaiwan's Hon Hai Precision Industry Co Ltd on Monday said it has partnered Chinese social networker Tencent Holdings Ltd to develop opportunities related to electric vehicles, marking the latest tech foray into “smart” cars. Hon Hai, WeChat operator Tencent and luxury car dealer China Harmony Auto Holding Ltd signed an agreement to work together in the Chinese city of Zhengzhou, Henan province, the contract manufacturer said without detailing specifics. The partnership would put Tencent on a par with online peers Alibaba Group Holding Ltd and Baidu Inc, which have already moved into the nascent market for Internet-connected cars vie tie-ups with major auto makers
Read moreChina's Defense Ministry on Friday denied that it had anything to do with a cyber attack on Register.com, a unit of Web.com, following a report in the Financial Times that the FBI was looking into the Chinese military's involvement. “The relevant criticism that China's military participated in Internet hacking is to play the same old tune, and is totally baseless,” the ministry said in a fax to Reuters in response to a question about the story. It is not clear what the Chinese military would be looking for or what it would gain from Register.com's data
Read moreOn Thursday, the Hindustan Times published a photo of dozens of men clambering up the wall of a four-floor test center in Bihar state, perched on window ledges as they folded answer sheets into paper planes flown into classrooms. “Should we shoot them?” asked Prashant Kumar Shahi, Bihar's education minister, addressing a news conference after television news channels aired the incriminating photo and raked up the scandal. Exams held by the Bihar School Examination Board (BSEB) are viewed as make-or-break tests that could transform the lives of millions growing up in poverty.
Read moreMUMBAI (Reuters) – Securities and Exchange Board of India (SEBI) Chairman U.K. Sinha said on Friday the capital markets regulator expected to have a new policy for initial public offerings for start-up companies in three to four months
Read moreKey staff members at the U.S. Federal Trade Commission were in favor of suing Google Inc for violating antitrust rules before the agency settled its investigation in 2013, according a confidential report cited by the Wall Street Journal on Thursday. The report by the staff of the FTC's competition bureau argued that the owner of the world's No
Read moreTarget Corp has agreed to pay $10 million in a proposed settlement of a class-action lawsuit related to a huge 2013 data breach that consumers say compromised their personal financial information, court documents show. Under the proposal, which requires federal court approval, Target will deposit the settlement amount into an interest bearing escrow account, to pay individual victims up to $10,000 in damages. The proposal also requires Target to adopt and implement data security measures such as appointing a chief information security officer and maintaining a written information security program
Read moreBy Bill Rigby and Paul Carsten SEATTLE/BEIJING (Reuters) – Microsoft Corp is making its biggest push into the heavily pirated Chinese consumer computing market this summer by offering free upgrades to Windows 10 to all Windows users, regardless of whether they are running genuine copies of the software. The move is an unprecedented attempt by Microsoft to get legitimate versions of its software onto machines of the hundreds of millions of Windows users in China
Read moreBy Marty Graham SAN DIEGO (Reuters) – A San Diego judge has dismissed gang conspiracy charges against a rapper whose music prosecutors said encouraged gun violence against rival gangs, in a ruling his lawyer characterized as a victory for free speech. Rapper Brandon Duncan, who uses the stage name Tiny Doo, was one of seven people charged last June in a 16-count indictment that centered on nine shootings that took place in 2013 and 2014 involving the so-called Lincoln Park gang. Duncan was charged with nine counts of conspiracy to participate in a criminal street gang by prosecutors who said his music and social media presence encouraged the violence, although he was not accused of taking part in the shootings.
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