Djibouti Internet start-up aims to boost broadband speeds across east Africa
By Matt Smith DUBAI (Reuters) - Internet access in east Africa is still relatively slow and costly but a Djibouti-based technology start-up company has ambitions to help change that. Djibouti Data Center (DDC), set up by a group of local and international investors 18 months ago, is the first data center and Internet exchange in east Africa connected to eight fiber optic cables that are part of the main Internet route from Europe to Asia. ...

Russia ruled out as culprit in Chase cyber security breach, U.S. officials say
WASHINGTON (Reuters) - The Russian government has been ruled out as sponsor of a cyber attack on JPMorgan Chase & Co disclosed in August, U.S. law enforcement officials said on Monday.Officials from the FBI and Secret Service told a news conference at the Financial Services Roundtable in Washington that authorities believe the attack was the work of cyber criminalsEarly news reports in August said that investigators feared the attack was conducted on behalf of the Russian government as retribution for economic sanctions imposed by the United States. ...

China-backed hackers may have infiltrated Apple's iCloud: blog

Apple CEO Tim Cook looks at a new IMac after presentation at Apple headquarters in CupertinoSAN FRANCISCO (Reuters) - Apple Inc's iCloud storage and backup service in China was attacked by hackers trying to steal user credentials and other information, a cyber security blog charged on Monday, saying it believes the country's government is behind the campaign. Unknown "Chinese authorities" interposed their own website between users and Apple's iCloud, intercepting instructions and messages while the user believes he or she is communicating directly with Apple's site, Greatfire.org wrote in its blog post. ...



Apple's iPhone sales beat Street but iPad volumes slide

The leaf on the Apple symbol is tinted green at the Apple flagship store on 5th Ave in New YorkBy Christina Farr and Edwin Chan SAN FRANCISCO (Reuters) - Apple Inc forecast a strong holiday quarter after a better-than-expected 16 percent jump in iPhone sales, and the strongest growth in Mac computer shipments in years helped the company surpass Wall Street's targets. The company on Monday projected stronger-than-expected revenue of $63.5 billion to $66.5 billion in the December quarter, when new iPads and iPhones vie with rival devices from Microsoft Corp and Amazon.com Inc for consumers' holiday outlays. Shares of Apple rose 1.3 percent to about $101.10 in after-hours trade. ...



Oregon man said missing after answering Craigslist ad; police probing
(Reuters) - Oregon authorities are looking into the disappearance of a 19-year-old Portland man, police said on Monday, and an advocacy group said he went missing after he responded to a Craigslist job ad posted by a couple seeking a caregiver. Ian Biggs was dropped off at a downtown Portland train station by a friend on Oct. 11 as he headed to meet the couple in a large park, said Michelle Bart, a spokeswoman for the National Women's Coalition Against Violence and Exploitation, which represents the man's mother. ...

Microsoft says to provide cloud, tools for tackling Ebola

Microsoft CEO Nadella addresses the media during an event in New DelhiSAN FRANCISCO (Reuters) - Microsoft Corp will provide free cloud-computing and research applications to qualified medical researchers working on the Ebola virus, the software company's chief executive said on Monday. "One of the things tomorrow morning we're going to do is make available Azure computer power to the research community," Chief Executive Officer Satya Nadella said at a presentation in San Francisco. ...



New apps bring kids' playtime back to real world
By Natasha Baker TORONTO (Reuters) - Parents eager to get their children away from television and video screens can turn to new apps that get youngsters to learn while playing in the real world. New iPad and iPhone apps for children by companies such as Osmo and Tiggly are designed to help children learn spatial, language, counting and physics concepts while playing with tangible objects. Tangram, Words and Newton from California-based Osmo let children manipulate objects in the real world and to interact with games on the screen. ...

Fidelity Contrafund loads up on Facebook and it pays off

The Facebook logo is pictured at the Facebook headquarters in Menlo ParkBOSTON (Reuters) - The $108 billion Fidelity Contrafund continues to have a big appetite for Facebook Inc's stock, adding to its position in the social media company during the third quarter and praising its mobile ad revenue growth and "visionary management." The fund, which is the largest mutual fund owner of Facebook, disclosed adding to its position in its third-quarter commentary letter to investors on Monday. ...



Wall Street urges U.S. regulators' joint cybersecurity approach

A magnifying glass is held in front of a computer screen in this picture illustration taken in BerlinBy Sarah N. Lynch and Douwe Miedema WASHINGTON (Reuters) - Wall Street's top trade group is calling for the creation of a new inter-agency working group of regulators and the White House that would be tasked with developing consistent cybersecurity rules for the financial industry. The recommendation by the Securities Industry and Financial Markets Association (SIFMA) was one of several unveiled on Monday as part of a new paper that lays out proposed "principles for effective cybersecurity regulatory guidance. ...



IBM to pay Globalfoundries $1.5 billion to take chip unit

A man passes by an illuminated IBM logo at the CeBIT computer fair in HanoverBy Abhirup Roy (Reuters) - IBM Corp said it would hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc to focus on cloud computing and big data analytics. IBM will pay Globalfoundries $1.5 billion in cash over the next three years to take the chip operations off its hands, the companies said in a statement on Monday. IBM took a related pre-tax charge of $4.7 billion in its third quarter. It also reported a 4 percent drop in revenue on Monday, hurt by weak sales in its software and services businesses. IBM's shares fell 8 percent to $167 in premarket trading. ...



Industry chiefs including Zuckerberg named to board of influential Beijing business school

Mark Zuckerberg, founder and CEO of Facebook, reacts during an address to a gathering at the Internet.org Summit in New DelhiBEIJING (Reuters) - China's Tsinghua University School of Economics and Management has added three western business heavyweights to its advisory council including Mark Zuckerberg, the Facebook Inc founder who has long sought to enter the Chinese market where his social network is currently banned. Zuckerberg - who was named to the board along with Virginia Rometty, the IBM chief executive, and Anheuser-Busch InBev SA CEO Carlos Brito - will attend the business school's annual board meeting in Beijing on Friday, Facebook said. ...



Yahoo set to outline cost-cutting efforts: WSJ

Yahoo CEO Marissa Mayer delivers her keynote address at the annual Consumer Electronics Show (CES) in Las Vegas(Reuters) - Yahoo Inc is expected on Tuesday to outline cost-cutting efforts and give details of how it is evaluating possible acquisitions as it faces pressure from an activist investor, the Wall Street Journal reported, citing a person who was briefed on the plan. Yahoo is considering acquiring one or more large technology startups with some of the $5.8 billion it made from the initial public offering of Alibaba Group Holding Ltd, the newspaper said. Representatives at Yahoo did not immediately respond to an email seeking comment outside regular U.S. business hours. ...



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