Equifax CEO Richard Smith steps down in aftermath of massive breach

Equifax Chairman and CEO Richard Smith stepped down Tuesday in the wake of a massive cybersecurity breach that exposed the birth dates, social security numbers, and other personal information of 143 million Equifax customers, The New York Times reports. Paulino do Rego Barros Jr. will vacate his post as the company’s president of the Asia-Pacific […]
  • William Van-Lear Black
  • September 27, 2017
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Cryptocurrency mining program Coinhive sparks controversy

Coinhive, a Javascript application that uses website visitors’ computing power to mine cryptocurrency, launched on September 14. Since, the program has generated controversy, as website owners and hackers alike insert it into a number of high-profile websites. Coinhive markets itself as a legitimate way for websites to make money, but does not endorse the use […]
  • William Van-Lear Black
  • September 26, 2017
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China bans Facebook messaging service WhatsApp

The Chinese government has disabled Facebook-owned messaging service WhatsApp, the New York Times reports. Nadim Kobeissi, an applied cryptographer at Paris-based research firm Symbolic Software, told the Times his company began noticing slowdowns in the service Wednesday. By Monday, the block had become comprehensive. Authorities blocked video-chat and file-sharing functions within WhatsApp in mid-July, but […]
  • William Van-Lear Black
  • September 25, 2017
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Uber’s success in food delivery sector is a “wonderful surprise,” CEO says

As Uber’s new CEO, Dara Khosrowshahi looks to guide the company back to stability after a flurry of corporate upheaval and operational stumbling blocks. Khosrowshahi says the success of the company’s food delivery arm, UberEats, has been a “wonderful surprise,” The New York Times reports. According to the Times, Uber’s aid UberEats generates more revenue […]
  • William Van-Lear Black
  • September 25, 2017
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Sprint and T-Mobile nearing merger agreement

T-Mobile and Sprint, respectively the third and fourth largest wireless carriers in the U.S., are nearing a merger agreement, undisclosed sources told Reuters Friday. A due diligence period would follow the finalization of the agreement’s terms, but the companies expect a deal by October, according to Reuters’ source. In August, Reuters says, Sprint CEO Marcelo Claure […]
  • William Van-Lear Black
  • September 22, 2017
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Walmart to test in-home delivery program

Remember when you had to go down to the mailbox or onto your doorstep to pick up items you ordered online? If a program Walmart is testing takes off, people may be asking that question within the next several years. The program will allow delivery drivers to leave packages inside a customer’s home, and groceries […]
  • William Van-Lear Black
  • September 22, 2017
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Silicon Valley startup Aeva aims to give driverless cars better vision

In January, with funding from Lux Capital and other venture capital firms, two former members of Apple’s Special Projects Group, Soroush Salehian and Mina Rezk, started Aeva. The company aims to improve the ability of self-driving cars to see their surroundings, according to New York Times report. Salehian and Rezk are reimagining Lidar—that is, Light […]
  • William Van-Lear Black
  • September 22, 2017
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Toshiba board agrees to sell memory business to Bain-led group

Wednesday, the board of reeling technology giant Toshiba announced that it has approved the $18 billion sale of the company’s flash memory operation, Toshiba Memory Corporation (TMC), to a group of buyers that includes American venture capital firm Bain Capital, and a pair of government-owned Japanese organizations, the Innovation Network Corporation of Japan, the New […]
  • William Van-Lear Black
  • September 21, 2017
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Crocs, Inc. is making a resurgence

After a series of struggles, most recently an abysmal fourth quarter of 2016, Crocs, Inc. and its iconic foam clog are making a comeback, the Washington Post reports. The company posted a 28.4 percent year-over-year increase in net profit over the first six months of 2017, and according to the Post. Foot traffic in Crocs […]
  • William Van-Lear Black
  • September 21, 2017
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