EU, U.S. officials tackle last hurdles in data pact talks ahead of key deadline

New deal is crucial for the thousands relying on "Safe Harbor" to move data from the EU to the U.S

Reuters

Brussels (Reuters)- European and U.S. officials are rushing to finalize a key data transfer pact days before a meeting of EU regulators who are poised to start restricting transatlantic flows of personal data used by firms in the billion dollar online advertising industry.

PayPal's revenue beats Street view on higher transactions, customers

The company said it processed 450 payments per second on Cyber Monday

Reuters

(Reuters) - Payment processor PayPal Holdings Inc on Wednesday reported better-than-expected quarterly revenue, as new customer additions and payment processing volumes surged, and it announced a buyback of $2 billion of its stock.

PayPal said it expects 2016 full-year earnings of $1.09 to $1.14 per share, and revenue growth of 16-19 percent on a currency neutral basis. It expects currency fluctuations to impact net revenue by 3 percentage points during the year.

Congress to probe Juniper 'back door' exposure, possible U.S. involvement

Debate heats up after recent attacks by Islamic militants, known to exploit digital comms networks

Reuters

San Francisco (Reuters)- A U.S. congressional probe into the impact of a hack of Juniper Networks Inc software will examine the possibility that it was initially altered at the behest of the National Security Agency, a lawmaker said in an interview on Thursday.

Microsoft beats Wall Street view on high demand for cloud products

Quarterly revenue and profits exceed analysts' expectations, however total revenue is down.

Reuters

(Reuters) : Microsoft Corp reported quarterly revenue and profit that beat analysts' expectations, driven by aggressive cost cutting and growing demand for its cloud products and services.

Ericsson's cost cutting regime helps it meet forecasts

Focus on lifting profits by paring costs as demand shifts to upgrades of existing capacity

Reuters

STOCKHOLM (Reuters) - Swedish mobile gear maker Ericsson said it is ready to cut more costs if needed after lower expenses, patent fees and a sales recovery in China helped it meet forecasts for quarterly operating profit on Wednesday.

Ericsson's focus on lifting profits by paring costs comes as demand in its biggest markets shifts to upgrades of existing capacity rather than building new, next-generation networks.

Companies look beyond firewalls in cyber battle with hackers

Remains to be seen whether early stage technology will be good enough to outfox hackers

Reuters

TEL AVIV (Reuters) - With firewalls no longer seen as enough of a defense against security breaches, companies are looking at new tools to foil hackers trying to enter a computer network.

U.S. and Israeli startups are leading the way, with new approaches such as "honeytraps" that lure a hacker to fake data or "polymorphic" technology that constantly changes the structure of applications running on a computer.

Some of the technology is still in the early stages and it remains to be seen whether it will be good enough to outfox the hackers.

Verizon adds 1.5 million new monthly users; revenue beats estimates

Like its rivals, Verizon has switched two-year customer contracts to monthly plans

Reuters

(Reuters) - Verizon Communications Inc on Thursday reported higher-than-expected revenue for the fourth quarter as heavy promotions helped it counter aggressive offers and discounts from rivals and win new users.

Shares of the No. 1 U.S. wireless phone service provider, whose profit edged past analysts' estimates, rose 2.7 percent to $45.63 in morning trading.

U.S. and EU firms warn of 'enormous' consequences if data pact talks fail

Business groups warn that all data transfer mechanisms are in jeopardy as a result of recent EU ruling

Reuters

BRUSSELS/WASHINGTON (Reuters) - The two largest American and European trade groups have warned of "enormous" consequences for thousands of businesses and millions of users if Brussels and Washington fail to wrap up talks on a data transfer pact by the end of the month.

The United States and Washington accelerated negotiations on a new framework enabling firms to easily transfer personal data across the Atlantic after the previous one was struck down by a top EU court last year on concerns about U.S. snooping.

NSA says new phone spying program meets privacy safeguards

Some privacy advocates expressed skepticism at Friday’s report

Reuters

WASHINGTON (Reuters) - A new system for collecting domestic telephone records meets several privacy and civil liberties benchmarks, the U.S. National Security Agency said on Friday.

Slowing data center revenue growth dims Intel's profit beat

Quarterly profit overshadowed by slowing growth in its highly profitable data center business

Reuters

(Reuters) - Intel Corp's strong quarterly profit beat was overshadowed by concerns about slowing revenue growth in its highly profitable data center business, sending its shares down about 5.6 percent in after-market trading.

Chief Executive Brian Krzanich has looked to weather a slump in demand for chips used in personal computers by focusing on the business of supplying chips for high-end servers.

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