By Deborah Todd SAN FRANCISCO (Reuters) – Yahoo’s next step in password security is to eliminate them altogether. Starting on Thursday, the company announced, users of the Yahoo Mail app on both iOS and Android will have access to a new service called Yahoo Account Key, which uses smartphones to verify identities in lieu of traditional passwords. Here’s how it works: When users who sign up for Account Key try
(Reuters) – Investors questioned Netflix Inc’s premium valuation after the video-streaming service reported U.S. subscriber additions below its own expectations, a sign that competition from the likes of Hulu is intensifying. Netflix shares fell more than 9 percent to $100.11 in early trading on Thursday. While Netflix blamed the disappointing numbers on the mandated transition to chip-based debit and credit cards, some analysts said the reason seemed unconvincing since these
Video-streaming service provider Netflix Inc reported third-quarter U.S. subscriber additions below its own forecast, blaming a transition to chip-based cards for the miss. Shares of Netflix, known for its original shows such as “House of Cards” and “Orange is the New Black”, plunged about 15 percent after the bell, before clawing back to trade down 2.4 percent. For Netflix, the switch meant that many of the older cards on its
By Andrew Chung NEW YORK (Reuters) – Apple’s potential damages in a patent fight with the University of Wisconsin’s licensing body could reach $400 million as a trial on the amount Apple owes for infringing a processor patent got under way on Wednesday, two people familiar with the case said. The figure is less than half the amount that U.S. District Judge William Conley cited last month as the Wisconsin
Has Android finally eclipsed the iPhone as the device of choice for photography nerds? That’s what a new test of the iPhone 6S camera seems to suggest. Image quality specialists DXO Mark carried out the detailed test examining the 6S’s exposure, contrast, autofocus, texture, noise, artifacts and flash it gave the phone an “82” rating. While this is still very good, it was beaten on the same metrics by recent
Twitter Inc appointed former Google executive Omid Kordestani as its executive chairman, holding good on a promise to appoint an outsider to work alongside co-founder Jack Dorsey in his second stint as CEO. Twitter’s shares rose in early trading after Dorsey tweeted the appointment, but were down 1.4 percent at $28.65 by mid-morning.
Tech giant Samsung Electronics Co Ltd unveiled on Wednesday the second smartphone powered by the its own Tizen operating system, its latest bid to increase the popularity of its own software ecosystem. Samsung said the Z3 will go on sale in India on Oct. 21 for 8,490 Indian rupees ($130.59). The world’s top smartphone maker is trying to reduce its dependence on Google Inc, whose Android operating system powers Samsung’s
Peter Thiel, the Silicon Valley investor who co-founded PayPal and invested in Facebook in 2004, has now invested in BuildZoom, a Y Combinator-backed startup that helps U.S. customers find contractors for remodeling projects. BuildZoom said on Wednesday it raised $10.6 million in a Series A funding round led by Joe Lonsdale of venture capital firm Formation 8, with participation from Thiel’s Founder’s Fund and Y Combinator, the startup machine behind
By Eric Auchard PARIS (Reuters) – Canon Inc, the world’s biggest maker of cameras and printers, is setting its sights on higher growth fueled by acquisitions as it expands into related markets like video surveillance and medical imaging, Chairman Fujio Mitarai said. As a result the Japanese group has revived a decade-old annual-sales target of 5 trillion yen ($42 billion) and is also aiming to improve its profit margins, despite
By Andrew Chung NEW YORK (Reuters) – Apple Inc could be facing up to $862 million in damages after a U.S. jury on Tuesday found the iPhone maker used technology owned by the University of Wisconsin-Madison’s licensing arm without permission in chips found in many of its most popular devices. The jury in Madison, Wisconsin also said the patent, which improves processor efficiency, was valid. The trial will now move
