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New computer virus spreads from Ukraine to disrupt world business

FRANKFURT/MOSCOW/KIEV (Reuters) – A cyber attack wreaked havoc around the globe on Wednesday, crippling thousands of computers, disrupting operations at ports from Mumbai to Los Angeles and halting production at a chocolate factory in Australia. Source
Posted On 28 Jun 2017

Samsung Elec to open $380 million home appliance plant in U.S.

SEOUL (Reuters) – Samsung Electronics Co Ltd has agreed to open a $380 million home appliance manufacturing plant in South Carolina, the United States, it said on Wednesday. Source
Posted On 28 Jun 2017

Telegram app agrees to Russian registration, but not to share private data

MOSCOW (Reuters) – Pavel Durov, founder of the Telegram messaging app, agreed on Wednesday for his firm to be registered in Russia after coming under pressure from the authorities to do so, but said Telegram would not share confidential user data with anyone. Source
Posted On 28 Jun 2017

Toshiba misses self-imposed deadline for chip unit sale, sues Western Digital

CHIBA, Japan (Reuters) – Japan’s Toshiba Corp has pushed back its timeline to clinch a sale of its prized flash memory chip unit, saying the $18 billion deal was being held up due to differences of opinion within the consortium chosen as preferred bidder. Source
Posted On 28 Jun 2017

Toshiba says suing Western Digital for $1 billion

TOKYO (Reuters) – Japan’s Toshiba Corp said on Wednesday it is filing a lawsuit against joint venture partner Western Digital Corp. Source
Posted On 28 Jun 2017

Australia probes Uber recruitment as drivers seek employee status

SYDNEY (Reuters) – Australia’s workplace regulator on Wednesday said it is investigating U.S. ride-hailing firm Uber Technologies Inc [UBER.UL] over the way it recruits drivers, after a drivers group sought employee rather than subcontractor status. Source
Posted On 28 Jun 2017

LeEco chairman says cash crunch ‘far worse than expected’

HONG KONG (Reuters) – LeEco’s cash problems are “far worse than expected” and the funds raised in recent months are unexpectedly not enough to help the Chinese technology conglomerate ride out the crunch, its chairman, Jia Yueting, said on Wednesday. Source
Posted On 28 Jun 2017

JPMorgan Chase to centralize energy controls for 4,500 branches

NEW YORK (Reuters) – JPMorgan Chase & Co is shifting control of heating, air-conditioning and lighting in 4,500 of its branches to an operations center hosted in the internet cloud. Source
Posted On 28 Jun 2017

India’s largest container port disrupted by global cyber attack

MUMBAI (Reuters) – Operations at one of three terminals at India’s largest container port JNPT, near the commercial hub of Mumbai, have been disrupted by the global ransomware attack, the port said on Wednesday. Source
Posted On 28 Jun 2017

Global businesses dig out from latest cyber attack

FRANKFURT/MOSCOW (Reuters) – A major cyber attack, believed to have first struck Ukraine, caused havoc around the world on Wednesday, crippling computers or halting operations at port operator Maersk, a Cadbury chocolate plant in Australia and the property arm of French...
Posted On 28 Jun 2017