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| Saturday, Mar 15, 2014 07:47 PM PDT | |
| Today's Reuters Technology News Headlines - Yahoo! News: | |
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| China consumer show targets camera maker Nikon in annual ritual Saturday, Mar 15, 2014 07:47 PM PDT  By Adam Jourdan SHANGHAI (Reuters) - Japan's Nikon Corp has moved to allay consumer fears in China after being criticized on a closely watched consumer show that said the camera maker had sold defective products in China and denied local consumers fair treatment in aftersales service. The firm, which had sales of 118 billion yen ($1.16 billion) in China in 2013, said on Sunday it was taking the report "very seriously" and had moved to improve its after-sales network in China, according to its official microblog sites. Criticism in Chinese state media can have a long-lasting impact, particularly in cases of corruption and food safety scandals, which have hit some firms over the last year, including French foodmaker Danone SA to British drugmaker GlaxoSmithKline Plc. An annual investigative special on China Central Television (CCTV) called "3.15", similar to the CBS network's "60 Minutes" in the United States, said late on Saturday that some of Nikon's D600 cameras had black specks on the lens, and accused the firm of refusing requests to replace the defective products. Full Story | Top |
| NATO websites hit in cyber attack over Crimea stance Saturday, Mar 15, 2014 07:41 PM PDT By Adrian Croft and Peter Apps BRUSSELS/LONDON, March 15 - Unidentified hackers brought down several public NATO websites with cyber attacks on Saturday, the alliance said, in what appeared the latest escalation in cyberspace over growing tensions over Crimea. A group calling itself "cyber berkut" said the attack had been carried out by patriotic Ukrainians angry over what they saw as NATO interference in their country. Cyber berkut is a reference to the feared and since disbanded riot squads used by the government of ousted pro-Russian Ukrainian President Viktor Yanukovich. As well as the main NATO website www.NATO.int, the website of a NATO-affiliated cyber security center in Estonia was also affected. Full Story | Top |
| NATO says its websites hit by cyber attacks Saturday, Mar 15, 2014 04:52 PM PDT Several NATO websites have been hit by cyber attacks, but they have had no impact on the military alliance's operations, a NATO spokeswoman said. The attacks, which affected NATO's main website, came amid rising tensions over Russian forces' occupation of Ukraine's Crimea region where a referendum is to be held on Sunday. NATO spokeswoman Oana Lungescu said on Twitter that several NATO websites have been the target of a "significant DDoS (denial of service) attack." She said there had been no operational impact and NATO experts were working to restore normal function. Full Story | Top |
| U.S. class action over bitcoin losses names Mizuho as defendant Saturday, Mar 15, 2014 08:13 AM PDT  One of Japan's largest lenders, Mizuho Bank Ltd, has became ensnared in the U.S. legal fallout from the collapse Mt. Gox, the leading bitcoin exchange that lost more than $400 million of customers' digital currency. Mizuho held non-bitcoin currency on behalf of Tokyo-based Mt. Gox and its customers, according to the amended complaint by Gregory Greene, an Illinois resident who has said he lost $25,000 when Mt. Gox shut down last month. Canadian bitcoin traders filed a class action against Mt. Gox and Mizuho on Friday in the Ontario Superior Court of Justice. It accused Mizuho of knowing of Mt. Gox's fraud, of not segregating funds that belong to Mt. Gox from those of its customers and of continuing to provide banking services that inflated losses for bitcoin customers. Full Story | Top |
| Alibaba Group seeking U.S. listing in third-quarter: sources Friday, Mar 14, 2014 11:24 PM PDT  China's e-commerce giant Alibaba Group Holding Ltd is planning a U.S. IPO in the third quarter of this year, people familiar with the matter told Reuters, in what is the expected to be a more than $15 billion deal. The Hangzhou, China-based company, which controls about 80 percent of the country's e-commerce, had been in discussions with the Hong Kong stock exchange and the Securities and Futures Commission since last year about a potential listing, but the island city's regulators blocked its proposal as it violated the "one-share-one-vote principle". After an initial rebuff, Alibaba and the Hong Kong regulators were back at the negotiating table late last year, to find a solution to the vexed problem. While the Hong Kong Exchanges and Clearing Ltd has initiated a review of its listing rules to accommodate more flexible structures, any change to the existing rules would take months. Full Story | Top |
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