Alibaba hasn’t hit bottom yet: Barron’s

The reasons the weekly financial newspaper gave for the dour outlook: China's struggling economy, increasing competition in e-commerce and more scrutiny of the company's culture and governance. Alibaba spokesman Bob Christie said the article “contains factual inaccuracies and selective use of information, and the conclusions the reporter draws are misleading.” The company has posted on the internet a letter to Barron's editor complaining about the story.

Read more

Google hires Truecar’s Krafcik to head its driverless car unit

(Reuters) – Google Inc said it named auto industry veteran John Krafcik as chief executive of its self-driving car project from late September. With the hiring of Krafcik, currently the president of automotive pricing terminal Truecar Inc and a former CEO of Hyundai Motors America, Google is starting to look at the project as a potential and relevant business in the near future. Chris Urmson, who has been head of the self-driving car program since 2009, will continue overseeing the project as its technical lead, the company said in an emailed statement

Read more

China tells U.S. to stop ‘groundless’ hacking accusations

China reacted angrily on Friday following a call by America’s top intelligence official for cyber security against China to be stepped up, and said the United States should stop “groundless accusations”. Director of National Intelligence James Clapper said the United States must beef up cyber security against Chinese hackers targeting a range of U.S. interests to raise the cost to China of engaging in such activities.

Read more

U.S. urged to tighten cyber security to counter Chinese hacking

By Mark Hosenball and Matt Spetalnick WASHINGTON (Reuters) – The United States must beef up cyber security against Chinese hackers targeting a broad range of U.S. interests to raise the cost to China of engaging in such activities, America's top intelligence official said on Thursday.

Read more

Software guru McAfee seeks White House as Cyber Party candidate

By Alina Selyukh WASHINGTON (Reuters) – He does not like Washington, does not plan to travel the country kissing babies or shaking hands and does not want to debate anybody because that is “nonsense,” but John McAfee says he is running for president.

Read more

Real estate data company Reis sues over alleged online report theft

NEW YORK (Reuters) – Reis Inc, a commercial real estate data provider, on Wednesday sued Armada Analytics Inc, accusing it of downloading at least 1,562 reports over three years from its proprietary subscription database without paying for them. Armada, a commercial real estate services provider specializing in mortgage debt, was accused of misappropriating login credentials to access Reis’ database online, and continuing to obtain reports through Reis subscribers after payment was demanded.

Read more

Cloud storage company Box raises full-year forecast for second time

(Reuters) – Cloud storage provider Box Inc reported a better-than-expected rise in quarterly revenue and raised its full-year revenue forecast for the second time as more customers subscribed to its content-sharing platform. Box expects full year revenue of $295 million to $297 million, up from $286 million to $290 million, it said in a statement on Wednesday

Read more