Britain fines Yahoo UK Services £250,000 for 2014 data breach 

Britain’s data watchdog said on Tuesday it fined Yahoo UK Services Ltd 250,000 pounds for a cyber-attack in November 2014. Yahoo, most of whose assets were acquired by Verizon Communications Inc, said in 2016 that at least 500 million of its accounts had been hacked two years earlier. The Information Commissioner’s Office (ICO) said it… Read More Britain fines Yahoo UK Services £250,000 for 2014 data breach 

Court grants AT&T approval to acquire Time Warner for $85billion

AT&T Inc won approval from a U.S. court on Tuesday to buy Time Warner Inc for $85 billion, dealing a blow to U.S. President Donald Trump’s administration which tried to block the deal and likely setting off a wave of corporate mergers. The planned deal, approved without conditions, is seen as a turning point for… Read More Court grants AT&T approval to acquire Time Warner for $85billion

Tesla to retrench thousands of employees in cost reduction strategy

Electric car maker Tesla Inc is cutting several thousand jobs across the company as it seeks to reduce costs and become profitable without endangering the critical production ramp-up for its Model 3 sedan. In an email he said had been sent to staff, billionaire Chief Executive Elon Musk said on Tuesday that the cuts were… Read More Tesla to retrench thousands of employees in cost reduction strategy