Business

U.S. shoppers grab last-minute holiday gifts, pick up online orders in-store

Many U.S. holiday shoppers, wary of spending time in stores during the latest surge of COVID-19 cases and nervous about packages not arriving before Christmas, were on a mission on Saturday: snatch up last-minute gifts fast or pick up online purchases in-store. The “Super Saturday” before Christmas is traditionally the busiest day of the year […]

Business

Chinese drone maker says products to remain on sale despite U.S. restriction

Chinese drone manufacturer SZ DJI Technology Co Ltd, which was added by the United States along with dozens of Chinese companies to a restricted trade list on Friday, said its products will remain on sale despite the move. “DJI is disappointed in the U.S. Department of Commerce’s decision”, a representative of the company said in […]

Business

Apple puts supplier Wistron on notice after Indian factory violence

Apple Inc has placed supplier Wistron Corp on probation, saying on Saturday it would not award the Taiwanese contract manufacturer new business until it addressed the way workers were treated at its southern India plant. Early findings of an Apple audit in the wake of violence at the Wistron plant in India’s Karnataka state showed […]

Business

Blackstone in talks to merge Alight with blank-check acquisition firm

Private equity firm Blackstone Group Inc is in talks to merge U.S. benefits services provider Alight Solutions LLC with a blank-check acquisition firm backed by veteran investor Bill Foley, according to people familiar with the matter. The merger with Foley Trasimene Acquisition Corp would result in Alight becoming a publicly-listed company at a valuation of […]

Business

Hackers’ broad attack sets cyber experts worldwide scrambling to defend networks

Suspected Russian hackers who broke into U.S. government agencies also spied on less high-profile organizations, including groups in Britain, a U.S. internet provider and a county government in Arizona, according to web records and a security source. More details were revealed on Friday of the cyber espionage campaign that has computer network security teams worldwide […]

Business

Russia’s potent cyber and information warfare capabilities

U.S. Secretary of State Mike Pompeo said on Friday that Russia was responsible for a cyber attack that embedded malicious code inside U.S. government software systems and those of other governments and companies across the world. The Kremlin has always denied Moscow’s involvement in cyber attacks against the West. It has said that Russia had […]

Business

Second hacking team was targeting SolarWinds at time of big breach

A second hacking group, different from the suspected Russian team now associated with the major SolarWinds data breach, also targeted the company’s products earlier this year, according to a security research blog by Microsoft. “The investigation of the whole SolarWinds compromise led to the discovery of an additional malware that also affects the SolarWinds Orion […]