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alibaba and tencent set fast pace in mobile-payments race

new delhi—silicon valley is home to the world’s most influential consumer-tech firms, but china’s online corporate titans are way ahead in the race to build mobile-payment services in many of the world’s fastest-growing consumer markets.china’s digital-payments market, by far the world’s largest, is dominated by e-commerce giant alibaba group holding ltd. and social-media champ tencent holdings ltd. now these giants have started...





london won’t reissue uber's license, saying it is unfit to operate

london—the u.k. capital’s top transport authority said friday it won’t reissue a private-car hire license to uber technologies inc., saying it found the company unfit to hold such a permit. uber said it will appeal the decision, and it will be allowed to operate during the appeal process, which could involve lengthy court proceedings. for...





what google wants with htc’s smartphone business

if nothing else, google’s deal with htc should settle the question of whether it is serious about making its own phones.not that $1.1 billion is a heavy sum for a company with nearly $91 billion in net cash on hand. alphabet inc.’s google actually spent 12 times as much six years ago to buy motorola mobility. but that purchase was more about acquiring patents than about dabbling in phone hardware, and google got out three years...





equifax ceo to testify at senate hearing on data breach

equifax inc. chief executive richard smith will testify in front of u.s. senators next month about the company’s handling of a data breach that compromised the personal information of millions of americans.at an oct. 4 hearing of the senate committee on banking, housing and urban affairs, mr. smith will have to answer questions about the breach, which it revealed publicly on sept. 7.the wall street journal reported late...





n.y. company accused of running bitcoin ponzi scheme

the commodity futures trading commission has accused a new york company of operating a bitcoin-related ponzi scheme, in the regulator’s first fraud-related action involving the cryptocurrency. in a civil complaint filed thursday in u.s. district court in manhattan, the cftc charged gelfman blueprint inc. and its chief executive, nicholas...





rogue traders could take advantage of sec hacking

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why slow iphone 8 sales may be a good sign for apple

when new iphones hit the market, they usually fly off the shelves. but with the two models that began selling friday, there are signs demand is tepid—and some analysts say that could be a good thing for apple inc.the paradox arises from apple’s unusual lineup this year. it includes the iphone 8 and 8 plus that arrived friday, plus the far pricier, more advanced iphone x scheduled to arrive six weeks later, which many apple investors...





huffpost goes on $1 million bus tour to promote new, anti-elitist mission

st. louis—with the famed gateway arch overhead, lydia polgreen bounded on stage last week to open a 25-city “listen to america” tour to help promote a redefined mission for the 12-year-old website formerly known as the huffington post.since taking over in january as editor in chief, ms. polgreen has tried to push the progressive-leaning news outlet out of its comfort zone and zero in on stories that might resonate as much with factory workers as with hipster city folk. the goal of the tour is to find out what people...





hewlett packard enterprise to cut 10% of workforce

hewlett packard enterprise co. plans to cut its workforce by 10%, according to a person familiar with the plans, the latest cost cuts as the business-technology giant combats increasing competition and higher component prices.the cuts, which will trim about 5,000 jobs, are to start by the end of this year. they could be a prelude to more layoffs, the person said, as hp enterprise continues its hpe next initiative, a three-year plan...





telia to pay nearly $1 billion to settle uzbek bribery claims

swedish telecoms firm telia company ab agreed to pay nearly $1 billion to u.s. and dutch authorities to settle allegations that the company and a subsidiary paid about $331 million in bribes in uzbekistan.telia, which is partly owned by the swedish government, said the resolution brings to an end all known corruption investigations into the company. it remains part of a broader probe by u.s. authorities into corruption in...





have bitcoin, can’t travel: crackdown grounds china cryptocurrency executives

china’s widening crackdown on bitcoin trading resulted in a travel ban of sorts for two executives from the country’s largest commercial bitcoin exchanges, which regulators are closing down.on thursday, top executives of two chinese digital currency exchanges who were scheduled to speak at an industry conference in hong kong didn’t show up and their sessions were canceled. the event’s organizer, a bitcoin-trading firm called bitkan, didn’t provide a reason. the two executives were lin li, chief executive of huobi, and...





facebook says it will hand over russia-backed ads to congress

facebook inc., under fire for its response to russian activity on its site before the u.s. presidential election, agreed to hand over detailed information on thousands of russian-backed ads to congressional investigators and said it would take steps to increase political transparency.the measures include disclosure requirements for political ads on facebook’s platform, boosting its ad-review process and adding more than 250...





the security setting you must always turn on

by updated sept. 19, 2017 1:10 p.m. et “two-factor authentication.” it’s an ugly term for something that needs to be in your daily life.but you also need to know its limitations.first, though, let’s start with something more basic: what is two-factor authentication? it’s where you log into a website or app and, once you type in your password, you’re prompted to do something else, like enter a six-digit code or tap a pop-up on your phone.with two-factor, hackers need both your password and access to your phone or other “second factor” to break in. if you regularly log into facebook, gmail, banking and other accounts with just a password, you have a security hole.two-factor authenticationinformation for some top sitestwo-factor is generally easy to turn on. every online service worth its salt has the option in its settings, though you may have to dig. (doing a google search for “two-factor authentication” and then the website or app’s name generally directs you to the setting, or to a how-to page about it.) and once you’re logged in, it generally won’t keep bugging you for that second factor, unless you log out manually or the service senses unusual account behavior.however—and this is where it gets confusing—there are three main flavors of two-factor authentications, and each has its own unique concerns. here’s a closer look:text messages (aka sms): when you put in your password, a text message is sent to...





sofi faces new sexual harassment claim days after ceo’s departure

a former employee of embattled online lender social finance inc. accused the company of tolerating sexual harassment in a lawsuit filed thursday, raising additional questions about its treatment of women a week after chief executive michael cagney abruptly stepped aside. yulia zamora, who worked as a loan reviewer at sofi’s healdsburg, calif., office from october 2015 until october 2016, said in a complaint against the company that...





sec draws scrutiny for slow response to hack

many of the most senior officials at the securities and exchange commission remained unaware of a 2016 hack of the agency’s computer system for months after it occurred, raising questions about how the breach was initially handled. the sec’s new chairman, jay clayton, uncovered the extent of the hack only after he launched a wholesale review of the agency’s cybersecurity vulnerabilities in the spring, according to a statement he released this week. the sec’s other commissioners learned about the hack in recent days. a...





google and its partners will issue refunds to advertisers over fake traffic

by sept. 21, 2017 5:32 p.m. et alphabet inc.’s googl 0.00% google confirmed thursday it will issue refunds for ads bought through its systems that ran on websites with fake traffic, and said a handful of its partners have agreed to do the same.the wall street journal reported in august that google was issuing refunds to some advertisers after ads purchased through its doubleclick bid manager tool ended up running on websites with fraudulent traffic. at the time, google was only prepared to reimburse advertisers for the “platform fee,” which ranged from 7% to 10% of the total ad spending. that reflected the fee those advertisers paid to use google’s ad-buying tools.the rest of the money flows through to dozens of online ad exchanges, which connect marketers to ad space across a vast number of websites through real-time auctions. at issue is when ads run on sites with fraudulent traffic, including those loaded or clicked by software programs known as “bots” instead of humans.in a blog post, google said a handful of major exchanges have now agreed to issue full refunds for fraudulent ad space that was purchased.“supply partners like appnexus, index exchange, openx, teads, telaria and doubleclick ad exchange have been very supportive of these changes and have committed to provide advertisers with refunds for invalid traffic detected up to 30-days after monthly billing,” the blog post read.the doubleclick ad exchange is google’s own ad exchang...





facebook says it will hand over russia-backed ads to congress

facebook inc., under fire for its response to russian activity in the u.s. presidential election, said thursday it would take steps to increase political transparency on its site and has agreed to hand over detailed information on thousands of russian-backed ads to congressional investigators.the measures include bolstering the transparency and disclosure requirements for political ads on facebook’s platform, boosting its ad-review...





amazon puts whole foods on fast track to conventional supermarket

whole foods will change the way companies can sell and market their products in its stores beginning next year, one of the biggest moves yet in its push to operate more like a traditional market.under the changes planned for april, whole foods’ 470 locations will no longer allow brand representatives to promote their products or check to make sure they are stocked and displayed correctly.whole foods also is centralizing much...





top uber investor resists softbank deal

as uber technologies inc. works to nail down a multibillion-dollar investment from japan’ssoftbank group corp., one of the ride-hailing giant’s earliest and biggest shareholders has indicated it doesn’t intend to sell.the opposition by benchmark capital is complicating a proposal by softbank and its $93 billion tech-focused vision fund, along with partners, to buy 17% to 22% of uber—mostly through purchasing shares from existing...





facebook to release russian-linked ads to congressional investigators

facebook inc. said thursday it has struck a deal with congress to share russia-backed ads purchased during the u.s. presidential campaign with congressional investigators, capitulating to political pressure to be more forthcoming with information.in recent weeks, investigators have begun scrutinizing what role russian activity on social media might have played in the election, especially after facebook disclosed that it found more...