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Some weeks are like the Del Amitri song where “nothing ever happens”. This week, though, is more Everything Everything: we’ve discovered a new Galaxy, seen Google announce a surprise and very significant reorganisation, found more reasons to distrust car tech and discovered the games consoles we thought were gone for good. Man Alive, it’s week in tech! A is for A Large Corporate Restructuring Everybody sing along: A, B, C,
By Joseph Menn SAN FRANCISCO (Reuters) – Beginning more than a decade ago, one of the largest security companies in the world, Moscow-based Kaspersky Lab, tried to damage rivals in the marketplace by tricking their antivirus software programs into classifying benign files as malicious, according to two former employees. Some of the attacks were ordered by Kaspersky Lab’s co-founder, Eugene Kaspersky, in part to retaliate against smaller rivals that he
Wall Street loves a circus and Donald Trump just brought it to town! Turney Duff explains this strange love affair.
A small drugmaker from North Carolina may succeed next week where many of the world’s largest pharmaceutical companies have failed: in winning approval for the first drug to boost women’s sexual desire. …
If crude’s slump back to a six-year low looks bad, it’s even worse when you reflect that summer is supposed to be peak season for oil.
The University of Michigan’s preliminary August reading on the overall consumer sentiment index came in at 92.9, down from the final reading of 93.1 in July. The survey’s gauge of consumer expectations slipped to 83.8 from 84.1 in July and was marginally below an expected 84.0. The consumer expectations index reading was the lowest since November 2014.
Auto plants, clothing makers and plastics factories drove a sharp rebound in U.S. manufacturing in July. U.S. factory production climbed a seasonally adjusted 0.8 percent last month after a revised estimate …
U.S. authorities are asking European counterparts to seize about $1 billion in assets related to a wide-ranging criminal probe of alleged corruption by three global telecom companies and intermediaries close to the daughter of Uzbekistan’s president, according to court documents and people with direct knowledge of the criminal investigation. The effort is one of the biggest recent moves by U.S. authorities targeting what prosecutors believe are the spoils of alleged
Navinder Sarao, the London-based trader accused by the United States of market manipulation that contributed to the 2010 Wall Street “flash crash”, is set to be freed on bail on Friday after his conditions were modified, one of his lawyers said. Sarao was arrested by British police on a U.S. extradition warrant in April after being charged with wire fraud, commodities fraud and market manipulation by the U.S. Justice Department.
U.S. industrial output advanced at its strongest pace in eight months in July as auto production surged, another bullish sign for third-quarter economic growth that boosts the prospects of a Federal Reserve interest rate hike next month. While other data on Friday showed a dip in consumer sentiment early this month, households were upbeat about their personal finances, a good omen for consumer spending. “It adds to the steady drum-beat
