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Technology, Media & Telecommunications Headlines

UPDATE 2-Uber's messy data breach collides with launch of SoftBank deal

A newspaper advertisement for an Uber Technologies Inc stock sale was juxtaposed on Wednesday with a report that the ride-service provider had covered up a data hack - something of a metaphor for Uber, a company with boundless investor interest, but whose penchant for rule-breaking has led to a series of scandals.

CORRECTED-COLUMN-Data breach class actions are the least of Uber’s problems: Frankel

On Tuesday, Uber’s new CEO, Dara Khosrowshahi, disclosed that in late 2016, hackers got hold of personal data belonging to 57 million Uber drivers and riders. Uber did not report the incident to riders or drivers when it occurred, Khosrowshahi said. As Reuters reported Wednesday, the company paid the hackers $100,000 in exchange for their assurances the stolen data would be destroyed.

Broadcom considering sweetened Qualcomm bid -sources

Chipmaker Broadcom Ltd is considering raising its offer to buy rival Qualcomm Inc by offering more of its own stock, following consultation with several of Qualcomm's top shareholders, according to people familiar with the matter.

Uber says it will cooperate with data breach probes

Uber Technologies Inc said on Wednesday that it has been in touch with the U.S. Federal Trade Commission (FTC) and several states to discuss a hack last year that exposed data on millions of customers and drivers, the latest scandal to rock the ride-hailing firm.


Jeff Sessions orders review of gun background check system

WASHINGTON U.S. Attorney General Jeff Sessions on Wednesday ordered a review of a government database used for background checks on gun buyers, after a man who killed 26 people in a Texas church was left off the system despite having a criminal record.