Four out of five global retailers and other merchants failed interim tests to determine whether they are in compliance with payment card data security standards, putting them at increased risk of cyberattacks, according to a new report by Verizon Communications Inc.
Sectors
China economic data weaker than expected, fuels policy easing bets
Growth in China's investment, retail sales and factory output all missed forecasts in January and February and fell to multi-year lows, leaving investors with little doubt that the economy is still losing steam and in need of further support measures.
Apple seeks to dismiss lawsuit filed by electric battery maker
Apple Inc asked a U.S. court on Tuesday to dismiss a civil lawsuit filed by battery maker A123 systems over engineers hired by Apple, saying A123's claims were too speculative to proceed, according to a court filing.
Investors put $116 million in bitcoin startup 21 Inc
Silicon valley startup 21 Inc has raised $116 million in venture funding to help broaden the uses of bitcoin technology, the Wall Street Journal reported.
Four Hewlett-Packard patents invalidated in ServiceNow case
A federal judge in California on Tuesday invalidated four Hewlett-Packard Co patents for being too abstract, marking a setback in the company's patent infringement lawsuit against competitor ServiceNow Inc.
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Software developers say it will not be easy to come up with a "killer app" for Apple Inc's Watch - few have seen the product and the software is still in test mode.
German carmaker Volkswagen will invest about $1 billion to expand its vehicle assembly plant in Mexico's Puebla state and prepare it for production of the new Tiguan compact crossover SUV, the company said on Monday.
Brent crude fell towards $58 a barrel on Tuesday as the dollar scaled multi-year highs, but data showing a recovery in China's annual consumer inflation checked losses.
EU finance ministers agreed the details of a 315 billion euro ($338 billion) investment plan on Tuesday to help revive the European economy without piling up more debt, and now aim to get the first projects going by the end of the year.
Simon Property Group Inc (SPG.N) offered to buy Macerich Co (MAC.N) for $14.39 billion in a deal that would join the No. 1 and No. 3 U.S. shopping mall owners.
Swiss company Holcim (HOLN.VX) came under pressure on Monday to secure improved terms for its shareholders in a planned merger with France's Lafarge (LAFP.PA) that would create the world's largest cement maker.
Alibaba Group Holding Ltd appointed Jeff Zhang to oversee its main services on Monday, bringing Taobao, Tmall and Juhuasuan into a newly created "China Retail Marketplaces" division.
The U.S. Senate on Monday confirmed former Google Inc executive Michelle Lee to head the U.S. Patent and Trademark Office, a position that has been vacant for more than two years.
Chipmaker Qualcomm Inc said it would buy back up to $15 billion of shares and raise its quarterly dividend. Shares of the company, which said it would buy back up to $10 billion of shares in the next 12 months, rose 2.6 percent to $74.60 in extended trading on Monday.
