News Posts Archives - Page 48 of 129

Connecticut teen of gun-firing drone video charged for assaulting police

July 23, 2015 publisher chattanooga, department, haughwout, library-parking, made-derogatory, make-it-clear, marines, police-officers, said-it-knew, the-information, video-showing

A Connecticut teenager who drew national attention this week for a viral Internet video showing a drone he had modified to fire a handgun was charged on Thursday with assaulting police officers in an unrelated incident. Austin Haughwout, 18, was charged with refusing to obey police orders on Wednesday when he was summoned to the Clinton police station in connection with an incident that occurred Sunday night, when he drove away from officers trying to question him in a library parking lot, according to police and court officials. When police attempted to arrest Haughwout on charges of interfering with an officer and failure to obey an officer’s signal, he became violent and attempted to flee the police station, the Clinton Police Department said in a statement.

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Airbnb hires Blackstone CFO Tosi: Bloomberg

July 23, 2015 creative blackstone, chattanooga, destabilizing, economy, hearing-called, initial-public, library-parking, marines, most-successful, private-equity, rally-before, short-term

The San Francisco-based company, one of Silicon Valley's most successful start-ups since it was founded five years ago by a trio of graduates, has so far snubbed an initial public offering in favor of ever-larger private fundraising rounds. Tosi's appointment, however, would better position the company to go public.

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Toronto cab drivers sue to halt Uber; seek C$400 million in damages

July 23, 2015 publisher 307-27-million, are-launching, chattanooga, economy, madrid, marines, most-successful, seeking-more, smartphone-over, taxi, taxi-drivers, technologies

By Alastair Sharp TORONTO (Reuters) – Toronto taxi drivers are launching a class-action lawsuit against ride-sharing company Uber Technologies Inc [UBER.UL], seeking more than C$400 million ($307.27 million) in damages and an injunction to stop it operating in the Canadian province of Ontario. Law firm Sutts, Strosberg LLP, which is representing the taxi drivers, said in a statement on Thursday that the named plaintiff, cab driver Dominik Konjevic, alleges that “Uber X and Uber XL have created an enormous marketplace for illegal transportation in Toronto”

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BlackBerry to buy messaging alerts firm AtHoc to expand software base

July 22, 2015 publisher central, general-meeting, miles, street, their-annual, their-offices, video-sharing, waterloo, yellow

By Euan Rocha TORONTO (Reuters) – BlackBerry Ltd said on Wednesday it is buying privately-held AtHoc, a provider of secure, networked crisis communications, as it moves to broaden its software offering and generate revenue from its BBM messaging service. San Mateo, California-based AtHoc's services are used by a number of top clients including the U.S

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Herbalife files petition to seek user information from Twitter

July 22, 2015 admin account-details, contains-not, filed-on-monday, herbalife, management-team, mission-district, only-defamatory, person, said-it-wants, the-petition, twitter-feed, user

The petition for “discovery before suit” seeks to identify the person against whom a lawsuit can be filed. Herbalife said it wants Twitter to provide information such as IP addresses and account details of the user who vilified the company and its management as “thieves, pill pushing frauds and bullies”

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Mike Lynch-backed Darktrace valued at $100 million in new funding

July 22, 2015 creative 22-5-million, account-details, awards-ceremony, billion-over, filed-on-monday, firm-backed, funding-round, herbalife, london, lynch, management-team, mission-district, said-it-had, summit-partners, user

Darktrace, a cyber-security firm backed by former Autonomy boss Mike Lynch, said it had raised $22.5 million from U.S.-based venture capital company Summit Partners in a funding round that valued the company at more than $100 million. The company was one of Lynch's first investments after he left Hewlett-Packard Co in 2012 in an acrimonious split over the $11 billion acquisition of Autonomy. HP is suing Lynch and a former colleague for more than $5 billion over their management of Autonomy

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Contractor that built flawed Maryland health exchange website to pay $45 million

July 21, 2015 creative 22-5-million, affordable, avoid-legal, billion-over, firm-backed, flawed-health, herbalife, lynch, president, state, state-officials, summit-partners, user

By Donna Owens BALTIMORE (Reuters) – The prime contractor hired to build Maryland’s flawed health exchange website will pay $45 million to the state and federal governments to avoid legal action over its performance, the state’s attorney general said on Tuesday. Maryland’s health exchange program made national headlines last year when the state had one of the worst sign-up rates for state-run exchanges set up under President Barack Obama’s Affordable Care Act

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Microsoft posts $3.2 billion loss as it writes down Nokia phone business

July 21, 2015 publisher affordable, flawed-health, microsoft-corp, nokia, seen-over, state, summit-partners, user

Microsoft Corp reported a $3.2 billion quarterly net loss as it wrote down its Nokia phone business and demand fell for its Windows operating system.

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Hackers threaten to leak data of 37 million clients of cheating website

July 20, 2015 creative biderman, breach, credit, credit-card, dating-website, function, krebsonsecurity, leak-details, media, said-it-had

Hackers threatened to leak details including the credit card information, nude photos and sexual fantasies of as many as 37 million customers of a dating website that caters to cheating spouses, the KrebsOnSecurity blog reported. The dating website AshleyMadison.com's Canadian parent, Avid Life Media, confirmed the breach on its systems, and said it had since secured the site and was working with law enforcement agencies to trace those behind the attack

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WTO negotiators agree tariff cuts on more IT products

July 19, 2015 creative biderman, credit-card, dating-website, expand-the-list, krebsonsecurity, list, media, nations-had, tentative-deal, trade, weekend

World trade negotiators seeking to eliminate tariffs on information technology (IT) products agreed over the weekend to expand the list of items covered. Participants said the 54 nations had struck a tentative deal to expand to about 200 the IT products on which tariffs would be dropped. The list had an annual trade value of some $1 trillion, the World Trade Organization said late on Saturday.