Barnaby Jack, Famous Hacker, Dies

Barnaby Jack, the hacker known for making an ATM literally spit out cash, died Thursday, days before he was set to show how to disable a pacemaker from 30 feet away at Black Hat, the large annual hacker conference. He was 36 years old. Jack was the director of embedded security research at security firm … Continue reading

Publicis, Omnicom Close to Merger Deal

Omnicom Group Inc. and Publicis Groupe SA, the world’s second- and third-biggest advertising companies, respectively, are near a deal to merge, people familiar with the situation said, creating what would be a $30 billion behemoth. If a deal is completed, it would be billed as a merger of equals. The two companies each have a … Continue reading

Dropbox Seeks Funding Round at $8 Billion Valuation

Online-storage service Dropbox Inc. is raising a funding round that could value it at more than $8 billion, according to people familiar with the situation, though new figures reveal its revenue growth is decelerating. The talks with investors to raise around $250 million are still early and no valuation has been agreed upon, said a … Continue reading

Activision to Buy Back Most of Vivendi’s Controlling Stake

Activision Blizzard Inc. said it has reached an agreement to buy back nearly $6 billion worth of Vivendi SA’s holding in the company, ending months of negotiations over the fate of the videogame giant. Santa Monica, Calif.-based Activision said Thursday it will buy 429 million shares for about $13.60 per share, reducing Paris-based conglomerate Vivendi … Continue reading

Lenovo Group’s Profit Jumps, Beats Expectations

Chinese personal-computer maker Lenovo once again beat expectations, posting a 36 percent increase in its quarterly net profit, and struck a confident note about its prospects on robust tablet demand and recovering PC sales. Lenovo’s solid results come amid lingering concerns about the PC industry’s future. Despite some signs of recovery, traditional PC makers are … Continue reading

Priceline’s Longtime CEO Hands Over Reins

Priceline.com replaced its longtime chief executive with the boss of its most profitable hotel-booking unit, ending an 11-year tenure that oversaw one of the most dramatic turnarounds of the past decade. Chief Executive Jeffery Boyd, 56 years old, said he would hand the reins of the online travel company to Darren Huston, 47, a former … Continue reading

SAP Profit Jumps but License Business Struggles

SAP AG, the world’s biggest business software maker, Monday reported a jump in third-quarter profit, but currency swings caused a slowdown in revenue growth and its core business in software licenses continued to slide as customers migrated to Web-based products. Net profit at the Walldorf, Germany-based company rose to 762 million ($1.04 billion) in the … Continue reading

Some Apple Services Back Up After Temporary Outage

Apple said Thursday that some Internet services for its mobile devices, such as photo sharing, backup and some messaging, were affected by an outage that lasted nearly 11 hours. The Cupertino, Calif., company said less than one percent of customers were unable to access document streaming, backup and photo services after about 9:30 pm PT … Continue reading