The Securities and Exchange Commission said a computer system used for storing documents filed by publicly traded companies had been hacked last year. The cyberattack was first detected by the regulator last year, but the SEC said it had learned only last month that the compromised information may have been used in illegal stock trades.
Toshiba Corp. has reportedly decided to sell its chip business to a bidding group led by U.S. private-equity firm Bain Capital. Toshiba cut off negotiations with two other bidding groups to focus on the Bain Capital group, which includes Apple Inc. and Dell Technologies Inc., although a final agreement has yet to be reached.
Three Democratic members of the House Energy and Commerce Committee called on the Federal Communications Commission to investigate whether Sputnik, a news organization established by a Russian state-owned news agency, violated the public interest standard of its broadcast license with its radio show. Reps. Anna Eshoo (Calif.), Frank Pallone Jr. (N.J.) and Mike Doyle (Pa.) asked FCC Chairman Ajit Pai to follow up on a New York Times Magazine report that suggested the organization used U.S. airwaves to broadcast programming aimed at influencing the outcome of the 2016 U.S. presidential election.
The Federal Communications Commission asked Sinclair Broadcast Group to provide more information on its proposal to acquire Tribune Media Co., a merger currently pending FCC approval. The FCC’s Media Bureau chief wrote a letter to Sinclair asking the telecommunications company to present further information about the size of its current audience, as well as the steps the company plans to take to stay below the ownership cap.
Equifax CEO Richard Smith is set to testify Oct. 3 before a House panel on what some cybersecurity experts are calling one of the largest and most sensitive hacks ever recorded. Nearly 40 states, led by Illinois, are also probing the company’s handling of the breach.
The House Science, Space and Technology Committee invited Kaspersky Lab Inc. co-founder and CEO Eugene Kaspersky to testify, along with other private and U.S. government cybersecurity experts, before the panel on Sept. 27, and he accepted the invitation — pending the acquisition of an expedited visa. The Moscow-based company, which makes antivirus software, is on the defensive from allegations it aids Russian espionage efforts.
A panel for the U.S. Court of Appeals for the Federal Circuit denied Uber Technologies Inc.’s appeal request for its legal dispute with Waymo LLC to move to private arbitration and ruled a public trial will proceed as scheduled in October. The court also ruled that Uber must hand over a crucial report for Waymo’s case that could hold evidence Uber stole trade secrets related to the development of self-driving cars.
Led by Rep. Frank Pallone Jr. (D-N.J.), all 24 Democrats on the House Energy and Commerce Committee sent a letter to Equifax Inc. CEO Richard Smith expressing concerns that it took more than a month for the company to reveal the massive data breach it said took place from mid-May through July, and about the scale and extent of the breach. The signers asked Smith to address these concerns prior to a planned hearing on the issue.
Apple Inc. plans to premiere the so-called iPhone X with a starting price of $999.00 at a 10th anniversary iPhone event on Tuesday, joining Samsung Electronics Co. Ltd in the market for luxury smartphones. In addition to the iPhone X, which uses infrared facial recognition to unlock the device, Apple is also expected to release cheaper models of the iPhone and an updated Apple Watch, with self-contained connect
Equifax Ltd. could be examined by up to three committees in the U.S. House of Representatives after a breach at the company exposed the data of roughly 143 million people. Chairman Jeb Hensarling (R-Texas) of the Financial Services Committee and Chairman Greg Walden (R-Ore.) of the Energy and Commerce Committee announced hearings, and Rep. Ted Lieu (D-Calif.) called for an investigation by the Judiciary Committee.