Cisco Systems Inc has agreed to settle a whistleblower’s claim that it improperly sold video surveillance software with known vulnerabilities to U.S. federal and state governments, marking the first payout on a False Claims Act case brought over failure to meet cybersecurity standards.
KARAWANG, West Java: The high tide was coming but fishermen in the remote village of Sedari, in the northern coast of Indonesia’s West Java province, had no plans of venturing out to sea. “The fishes are either dead or have fled elsewhere,” Mr Rohadi, who like many Indonesians goes with one name...
The trend towards lower real interest rates has lasted for decades and is as likely to continue as to reverse, says the Financial Times' Robin Harding.
SANTIAGO: Hit by five years of "economic slowdown," Latin America's economy will grow by barely 0.5 per cent this year, the United Nations economic commission for the region said on Wednesday (Jul 31), well below the 1.3 per cent projected in April. The region is mired in "uncertainty and...
REUTERS: Qualcomm Inc's quarterly revenue and profit forecast fell short of Wall Street targets, driven by Huawei Technologies Co Ltd's strong gains in the Chinese smartphone market, the U.S. company said, sending its shares down as much as 6per cent. In an interview on Wednesday, Qualcomm Chief ...
Whiting Petroleum said on Wednesday it has cut its workforce by 33per cent after reporting a second-quarter surprise loss, hit by a drop in crude and natural gas prices.
Cognizant Technology Solutions Corp posted a 11.6per cent rise in second-quarter profit on Wednesday, as clients in the financial industry spent more on information technology services.
NEW YORK: Wall Street stocks finished lower on Wednesday (Jul 31) after the Federal Reserve cut interest rates but offered mixed signs on what the move meant for future monetary policy. The Dow Jones Industrial Average fell 333.75 points (1.23 per cent) to 26,864.27, a drop of around 335 points...
PG&E Corp said in court papers on Wednesday that it "strongly disagrees" with a suggestion in a Wall Street Journal article that the company knowingly deferred maintenance on equipment that caused California's Camp Fire, the deadliest and most destructive wildfire in California's modern history.
NEW DELHI: Indian investigators have launched a criminal probe into millions of dollars paid by a Rolls Royce energy firm to an intermediary in connection with deals with state-owned firms in the South Asian nation, according to documents seen by AFP. A complaint filed by the Central Bureau of ......
