Hackers stole secrets for up to $100 million insider-trading profit: U.S.

By Noeleen Walder, Jonathan Stempel and Joseph Ax NEW YORK (Reuters) – A group of mainly U.S.-based stock traders and computer hackers in Ukraine made as much as $100 million in illegal profits over five years by conspiring to use information stolen from thousands of corporate press statements before their public release, U.S. authorities said on Tuesday

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China state fund CIC invests in taxi app Didi Kuaidi: source

China's sovereign wealth fund has invested an unspecified amount in Didi Kuaidi, China's dominant ride-hailing app which is competing against U.S. firm Uber Technologies, a person with knowledge of the matter said on Tuesday. The person said China Investment Corp (CIC) was one of several investors that injected more than $2 billion in recent months into the startup, which is now valued at $15 billion.

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Apple Pay launches in Britain as hold-out Barclays signs up

Apple introduced its mobile payments service to Britain on Tuesday as Barclays confirmed its participation in the U.S. tech giant's move to capitalize on the increasing number of consumers who are comfortable making tap-and-go purchases

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MasterCard stops allowing charges for Backpage.com sex ads

By Mary Wisniewski CHICAGO (Reuters) – MasterCard said on Tuesday that its credit cards can no longer be used to pay for ads on the Backpage.com website, following a request from a Chicago law enforcement official who said the site is used by sex traffickers. Cook County Sheriff Thomas Dart said that so-called “escort” ads on Backpage.com and similar sites make up the foundation of the sex trafficking industry, which preys on the young and vulnerable. “Backpage has significantly lowered the barrier to entry for would-be traffickers,” said Dart, adding he will reveal details of a larger initiative against Backpage at a news conference on Wednesday

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Wimbledon top grand slam for social media: survey

By Michael Roddy LONDON, (Reuters) – Wimbledon is the top grand slam championship for attracting social media-savvy tennis fans, with more followers on Facebook, Twitter and Instagram than any of the other three, a survey released on Wednesday said. The tournament’s 4.1 million followers on the social media websites put Wimbledon on top, with the French Open second on 3.7 million and the U.S.

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Obama administration to press China on cyber theft: Lew

WASHINGTON (Reuters) – The Obama administration is deeply concerned about cyber theft of commercial secrets sponsored by foreign governments and plans to take the matter up with Chinese officials at high-level talks this week, Treasury Secretary Jack Lew said on Tuesday. “We remain deeply concerned about government-sponsored cyber theft from companies and commercial sectors,” Lew said in prepared remarks at the opening of the U.S.-China Strategic and Economic Dialogue

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Amazon insists federal rules apply to U.S. deliveries by drone

By David Morgan WASHINGTON (Reuters) – Amazon.com, seeking to bolster its efforts to deliver products via drone, said on Tuesday that states and local communities should not be allowed to regulate unmanned aerial systems (UAS) authorized by federal aviation regulators. “Uniform federal rules must apply,” Paul Misener, the e-commerce retailer's vice president for global public policy, said in written testimony released by a U.S. House of Representatives oversight committee ahead of a Wednesday hearing

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