Markit CEO sues unknown hackers over 'campaign of extortion'
Apple plans to launch Apple Pay in China by February: WSJ
n">Apple Inc (AAPL. O) plans to launch its mobile payment system Apple Pay in China by early February, the Wall Street Journal reported.
The iPhone maker has struck deals recently with China's big four state-run banks, the newspaper reported late Monday, citing people familiar with the discussions. (on.wsj.com/1LwSf8O)
When launched, Apple Pay will mainly compete with Alipay, the online payment platform run by Alibaba Holding Group Ltd (BABA. N) affiliate Ant Financial, and UnionPay Co, a state-controlled consortium that has a monopoly on all yuan payment cards issued and used in the country.
Apple's plans could still face regulatory hurdles in China, where banking and e-commerce are overseen by a number of government agencies, WSJ said.
"We have nothing to announce at this time," an Apple spokeswoman in China said in an email to Reuters.
Launched in the United States in October last year, Apple is bringing its payment service to China, the most important market for smartphones. The company's sales nearly doubled in Greater China in its fiscal fourth quarter from a year earlier.
The amount Apple would make off such transactions has been a sticking point in negotiations to bring Apple Pay to China, the Journal quoted the people as saying.
It is also not clear how much Apple would charge for purchases made through Apple Pay in China. The company gets 0.15 percent of all credit card transactions and 0.5 cents per debit transaction in the United States, the paper said.
In July, Apple brought its mobile payments service to Britain to capitalize on the increasing mobile online transactions.
(Reporting by Ismail Shakil in Bengaluru; Editing by Gopakumar Warrier)
.New York probes sale of 'speculative' Bruce Springsteen tickets on StubHub
Ex-IBM employee from China arrested in U.S. for code theft
Kaspersky security shakes up U.S. leadership amid geopolitical concerns
n">Top Russian cybersecurity company Kaspersky Lab has recently lost the leader of its North American operations and the head of a Washington-area office as it struggles to win U. S. government contracts amid rising geopolitical mistrust.
Company Chief Executive Eugene Kaspersky confirmed the changes in an interview with Reuters during a visit to China.
Kaspersky said the two personnel moves were not linked, and that North America head Christopher Doggett had gone to a competitor while Kaspersky "decided to change leadership in DC," where the two-year-old office pursues work protecting government agencies and critical infrastucture.
Doggett and former Washington-area head Adam Firestone declined to comment.
The shakeup comes at a time when Kaspersky says it is hard for non-American security companies to win bids for federal jobs and big U. S. corporate contracts.
"The North American top enterprise and government sector, they are not really loyal to any non-American products – it’s much harder to get to this sector for any non-American company, maybe except British companies," Kaspersky said.
"We’ve never had success in this sector in the United States. We are slowly trying to open the door. It’s hard but I think it’s possible."
A high-ranking U. S. technology official and former intelligence official, who asked not to be named, said Kaspersky government efforts, while always problematic, have faced higher hurdles in the past year due to tensions with Russia and concerns about the company specifically.
The changes follow the increasing politicization of the technology security sector. For a variety of reasons, prominent security companies are more likely to blow the whistle on spying or sabotage attacks originating in other countries and more likely to win contracts with their own home governments.
Kaspersky has been the foremost researcher uncovering Western government spyware for the past several years. Earlier this year, it said it had itself been attacked by one of the most sophisticated strains uncovered to date, with an intrusion it hinted came from U. S. ally Israel.
Kaspersky has also come under U. S. scrutiny for other reasons.
Reuters reported in August that internal emails supported claims by former employees that Kaspersky distributed malware samples that were designed to trigger false positives by rival companies, prompting them to isolate legitimate software on users’ computers. Kaspersky denied the claims.
Those stories drew attention in the White House and intelligence agencies and decreased Kaspersky’s chances of getting significant government contracts, officials recently told Reuters. The U. S. Department of Homeland Security said those decisions were left to the various agencies.
(Reporting by Joseph Menn in San Francisco, Paul Carsten in Beijing and Jim Finkle in Boston; Editing by Jonathan Weber and Andrew Hay)
.Apple suspends effort to develop online TV service: Bloomberg
Japan's securities watchdog to recommend $59.8 million fine for Toshiba: source
Uber partially wins ruling to potentially halt California drivers' suit outcome
n">Uber Technologies Inc [UBER. UL] partially won a ruling that could potentially put a hold on the outcome of a lawsuit against the ride service, placed by California drivers over their employment status.
U. S. District Judge Edward Chen granted a "conditional stay of entry of final judgment" to his Dec. 9 ruling and said he would not issue a final ruling, in case his decision to include over 100,000 drivers to the class action has not been resolved on appeal. (1.usa.gov/1J3O0qW)
In his ruling on Dec. 9, the judge stated that many more Uber drivers in California can participate in a class action against the ride service over their employment status, even if they did not opt out of an arbitration clause in their contracts.
Earlier this year, Chen said Uber drivers must have opted out of arbitration to be class members. At the time, Uber said the ruling meant only a "tiny fraction" of a potential 160,000 California drivers would be eligible to be class members.
Class action status generally gives plaintiffs more leverage to negotiate a settlement.
The issue came up when three Uber drivers sued Uber in San Francisco federal court, contending they are employees and entitled to reimbursement for expenses, including gas and vehicle maintenance. The drivers currently pay those costs themselves.
An ultimate finding that drivers are employees could raise Uber's costs beyond the lawsuit's scope and force it to pay Social Security, workers' compensation, and unemployment insurance.
Uber and other companies, including Lyft and Handy, say the contractor model allows for flexibility that many see as important to their success.
Reuters could not immediately reach Uber Technologies for comment outside regular U. S. business hours.
The case is Douglas O'Connor et al v. Uber Technologies Inc, U. S. District Court, Northern District of California, No. 13-3826.
(Reporting by Sneha Teresa Johny in Bengaluru; Editing by Sunil Nair)
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