Coverage: U.S. demands Apple unlock more devices
Unsealed court documents revealed Tuesday that the U.S. government is trying to compel Apple to extract data from its products in at least a dozen undisclosed cases. The revelation comes after the company publicly refused to override the privacy system in an iPhone 5c that belonged to a shooter in the San Bernardino, California, terrorist case. […]
Coverage: Valeant stock plunges on earnings revision
Valeant Pharmaceuticals International confirmed it would revise its earnings after months of specualtion about the company’s accounting practices and its relationship with distributor Philidor Rx Services. The news caused the company’s stock to plunge, dropping 13% on Monday alone. Liz Hoffman and Jacquie McNish of The Wall Street Journal had the day’s news: An internal […]
Coverage: Mayor of London joins Brexit camp
Things became a bit more difficult for Prime Minister David Cameron as popular London Mayor Boris Johnson came out in support of a potential “Brexit” from the European Union. The news caused the sterling to fall to its lowest point since 2009. Patrick Graham of Reuters had the day’s news: Sterling sank against the dollar […]
Coverage: South Korean prosecutors raid Volkswagen’s office
Problems continue to pile on scandal-ridden, automaker Volkswagen. On Friday, South Korea prosecutors raided the company’s local headquarters in connection with the country’s investigation into VW’s emissions case. Meanwhile, new internal memos and emails were released in Germany that indicate former CEO Martin Winterkorn knew about the emissions cheating earlier than he admitted to. Hyunjoo Jin […]
Coverage: Yahoo layoffs begin with digital magazines
In an effort to cut cost and restructure, Yahoo announced the “phasing out” of seven digital magazines yesterday in what could be the first round of several layoffs. The sites include: Yahoo Food, Yahoo Health, Yahoo Parenting, Yahoo Makers, Yahoo Travel, Yahoo Autos and Yahoo Real Estate. Peter Sterne of Politico had the day’s news: Yahoo […]
Coverage: Apple refuses to use backdoor encryption
Apple CEO Tim Cook refuses to give into demands placed on him by a U.S. magistrate to help the F.B.I. break into an encrypted iPhone 5c that belonged to one of the shooters in the San Bernardino attacks, saying such a measure would expose Apple customers to a potential data breach. Cook posted his response […]
Coverage: Apollo Global to buy ADT for $7 billion
Private equity firm Apollo Global plans to buy ADT Corp. for $7 billion with the hopes of merging the home securities company with its own home security company Protection 1. Ankit Ajmera of Reuters had the day’s news: Electronic security services provider ADT Corp said it had agreed to be acquired by funds affiliated with private […]
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Coverage: Ikea accused of avoiding $1 billion in taxes
European Union regulators will examine a new report that accuses Swedish, furniture company Ikea of avoiding at least $1.1 billion in taxes over the past six years. Ikea joins Apple, Google and Starbucks on an ever-growing list of companies reviewed by the European Union for their tax structures. Lucinda Shen of Fortune had the day’s news: […]
Coverage: Facebook looks to fight terrorism on site
After increasing pressure from the government, Facebook is implementing new tools to combat terrorism on the social media site. Natalie Andrews and Deepa Seetharaman of The Wall Street Journal had the day’s news: Hours after the December shootings in San Bernardino, Calif., Mark Wallace asked his employees at the nonprofit Counter Extremism Project to comb social media […]
