Tagged With "Bloomberg"

A lack of knowledge can, and often will, cause significant issues in the fight to combat cybercrime, especially as hackers work in an opportunistic fashion - identifying vulnerabilities and capitalizing on them. Many might believe that data breaches...

Ricoh USA Inc. doesn’t infringe various patents related to printer technology, a federal judge ruled, handing the manufacturer a win in a suit brought by a Nebraska youth sports group. Judge Joshua Wolson in the U.S. District Court for the Eastern District of Pennsylvania said there wasn’t enough evidence to support Midwest Athletics and Sports Alliance LLC’s infringement allegations. Wolson granted Ricoh judgment. Midwest provides equipment and other services to youth sports groups and owns...

Shanghai to lock down again? Bloomberg News reported on 6/10/22 that the Chinese government is “backsliding” and will “briefly” lock down most of the city of Shanghai again due to pandemic issues Mass testing for COVID-19 More than 4,400 people who were found to be in close contact with those infected were sent to a quarantine facility

OMG, not again

(Bloomberg) -- Toshiba Corp. shares jumped as much as 6.5% on Thursday after Reuters reported bidders are considering offering up to 7,000 yen per share to take the company private, which would value the deal at about $22 billion. Toshiba has been soliciting acquisition offers -- and other restructuring proposals -- as it seeks to end years of mismanagement and mollify activist investors. Ten offers are on the table, including eight to take the company private. The range of pricing and...

Sharp’s parent has workers fleeing town Bloomberg News is reporting that cities in central China hastily drew up plans to isolate migrant workers fleeing to their hometowns from a Foxconn plant in Zhengzhou city, fearing the returnees may trigger coronavirus outbreaks. Foxconn, aka Hon Hai Precision, is owner of Sharp, operates plant to build Apple products. Zhengzhou reported 167 locally transmitted COVID-19 cases in the 7 days to Oct. 29, up from 97 infections in the prior 7 day period.

HACKED! Cyber-extortionist leaks Australians' medical records online | Business and Economy News ....medical histories online after a private health insurer refused to pay a ransom for the hacked records of almost 10 million customers. Flagstar Bank Faces Second Suit Over Hack Affecting 1.5 Million - Bloomberg Law ...The bank's network was hacked ... To read the full article log in. Learn more about a Bloomberg Law subscription. 'It's frustrating': Norman families react to ransomware attack...

Signs of recession? Jeff Bezos, founder of Amazon.com, stated: It is time to “batten down the hatches” “The economy does not look great right now.” “Things are slowing down, you are seeing layoffs in many, many sectors of the economy” “The probabilities say if we are not in a recession right now, we are likely to be in one very soon” Recommends that businesses delay purchases and stockpile cash “Take as much risk off the table as you can” “Hope for the best, but plan for the worst”...

Canon pays to end security breach lawsuit Article published by Bloomberg Law News Plaintiffs said August 2020 breach exposed data of thousands of employees Suit claimed negligence, violations of state consumer laws by Canon Canon will pay up to $7,500 each for monetary losses and $300 for out-of-pocket expenses to each victim

Toshiba Corp. accepted a buyout offer from a Japanese consortium, as the iconic conglomerate moved a step closer to ending a troubled chapter in its more-than-140-year history. The Tokyo-based company’s board approved on Thursday a bid of about 2 trillion yen ($15.3 billion) from a group led by domestic private equity firm Japan Industrial Partners Inc., or 4,620 yen per share, it said in a statement. The offer is at about a 9.7% premium to Toshiba’s closing price on Thursday. As the next...

"Seventeen Japanese companies and six domestic financial institutions will participate in the buyout, Toshiba said. Orix Corp., Rohm Co. and Chubu Electric Power Co. are among the firms" Within 12 months these seventeen companies will attempt to get their investments back. Look for non critical core companies to be sold off ASAP.

Signs of recession? ABC News reporting on economy Consumer prices up 3% during last month YoY Bread up 11.5% Cookies up 8.8% Beer up 5.4% Frozen vegetables up to 17% Canned fruit up 8% Fresh fruits and vegetables up 1.1% Women’s underwear and swimwear up 7% Men’s underwear up 4% Jewelry up 7% Apparel up 3.1% Pet food up 12% Tools up 9% Outdoor equipment up 9% Bloomberg News reported on growing debt “More than $500 billion storm of corporate-debt distress that is already starting to make...