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By Joseph Ax NEW YORK (Reuters) - A Massachusetts man was sentenced to 21 months in prison on Friday for his role in a cybercrime scheme that hacked accounts at banks, brokerage firms and government agencies in an attempt to steal more than $15 million, U.S. prosecutors said. Robert Dubuc, 41, pleaded guilty to wire fraud conspiracy, conspiracy to commit access device fraud and identity theft in federal court in New Jersey in April. U.S. District Judge Peter Sheridan in Trenton imposed the sentence on Friday. ...
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(Reuters) - Consumer advocate Ralph Nader sent a letter to Apple Inc Chief Executive Officer Tim Cook urging the company to reduce its spending on share buybacks and use the money to raise wages, the Wall Street Journal reported on Friday. The five-time presidential candidate wrote in a letter published by the paper that poverty wages and harmful conditions are "a consequence of tolerating outrageous stock buybacks. ...
There weren’t many smartphones in 2014 that received as much attention as the Galaxy Note 4, but a staggered launch by Samsung might have kept the phablet from breaking any sales records. Korea’s News 1 reports that after a month on the market, Samsung sold 4.5 million Galaxy Note 4 units, 500,000 less than the Note 3 sold in its first month. PREVIOUSLY: Samsung hints that a Lollipop upgrade for the Galaxy Note 4 is coming soon There is one major caveat to this report: the Note 4 was only available in Korea and China for a majority of that time. Now that the phone is beginning to roll out around the world, it has a chance to catch up with, and possibly
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By Deepa Seetharaman and Ross Kerber SAN FRANCISCO/BOSTON (Reuters) - Amazon.com Inc's once fairy-tale ride on Wall Street has hit its most jarring bump yet. The company that for years enthralled investors with improbable growth and earned one of the technology sector's highest valuations drew widespread ire after a spectacular results letdown on Thursday. Amazon missed expectations across the board - on margins, on its net loss and on revenue. An unaccountably poor 7 to 18 percent revenue growth forecast for the typically strongest holiday quarter was the final straw for some. ...
By Alexei Oreskovic SAN FRANCISCO (Reuters) - Google Inc Chief Executive Officer Larry Page has put Sundar Pichai, one of his key lieutenants, in charge of the Internet company's products. The India-born executive will have oversight over products such as search, maps, Google+, commerce, advertising and infrastructure, according to a Google spokesman. Six executives who previously reported to Page, including the heads of research, social media and search, will now report to Pichai, according to Re/code, which first reported the change on Friday, citing an internal memo. ...
Sprint has come up with a new program for smartphone buyers loyal to Apple who want to upgrade to a brand new iPhone every year, 9to5Mac reports. The carrier has a brand new 12-month lease plan for the iPhone 6 and iPhone 6 Plus starting at $80 per month, which will let a subscriber grab one of Apple’s latest iPhone models starting on November 14th and use it until the 2015 versions come along. FROM EARLIER: The iPhone 6 Plus might have a serious software problem you should know about The mobile operator will also offer an iPhone for Life plan to customers interested in using the iPhone 5s for 24 months, starting at $70 per month. The iPhone 6 and iPhone 6 Plus plans are
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SAN FRANCISCO (Reuters) - Lantern, a technology startup that offers online and mobile coaching programs to support mental health, has won early backing for its service. Executives at the 2-year-old startup said on Friday it has raised $4.4 million from investors led by Silicon Valley-based venture firm Mayfield, with seed funding from SoftTechVC. Facebook Inc Chief Product Officer Chris Cox is serving as an advisor. ...
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After news broke that actor Christian Bale would be playing Apple co-founder Steve Jobs in an upcoming film, Conan O’Brien previewed an “exclusive” clip of the film last Thursday night. MORE CONAN: The most hilarious thing you’ll see today: Conan invents amazing new emoji It’s obviously not from the real film since it has yet to begin filming, but it’s hilarious anyway. Watch the Conan clip below:
Google's Sundar Pichai, who's already responsible for overseeing Android and Chrome, is about to have even more on his plate. According to Recode, CEO Larry Page has sent a memo to employees revealing that Pichai will now lead nearly every major product division at the company. The senior executives previously tasked with heading up those efforts at Google (including new world record holder Alan Eustace) will now report to Pichai instead of Page. Since YouTube is in many ways a standalone operation at this point, Pichai won't be a middleman between CEO Susan Wojcicki and Page;