Apple Remains in Dark on How FBI Hacked iPhone Without Help

The FBI’s announcement that it mysteriously hacked into an iPhone is a public setback for Apple Inc., as consumers suddenly discover they can’t keep their most personal information safe. Meanwhile, Apple remains in the dark about how to restore the security of its flagship product. The government said it was …

Foxconn Ready to Seal Deal With Sharp

Taiwan’s tech giant Hon Hai applied Tuesday for a halt in share trading, suggesting it is ready to finalise its multi-billion-dollar takeover of Japan’s electronics maker Sharp. The Taiwan Stock Exchange said trading in shares of Hon Hai Precision and its affiliate Foxconn Technology would be suspended due to a …

Soccer Legend Pele Sues Samsung Over Image in Newspaper Ad

Brazilian soccer legend Pelé has sued Samsung Electronics Co for at least $30 million (roughly Rs. 199 crores), alleging the Korean company improperly used a look-alike in an advertisement that ran in the New York Times without permission. According to the complaint filed this month in federal court in Chicago, …

Amaya's CEO Takes Leave Amid Insider Trading Probe

The chair and chief executive of the world’s largest online gaming company has stepped back from the company after being charged with insider trading and stock manipulation, Amaya announced Tuesday. David Baazov, 35, “is taking an indefinite paid leave of absence from the company,” it said in a statement. He …

UberMoto 'Bike Sharing' Service Launched in Gurgaon

After Bengaluru, taxi-hailing app Uber today launched a pilot of its bike sharing product UberMoto in Gurgaon. “Uber Tuesday announced a pilot of Uber’s bike sharing product – uberMoto in Gurgaon… This follows our agreement with the government of Haryana to introduce technology based ride-sharing services in the state,” it …