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Ashley Madison owner says site still adding users after data hack

Ashley Madison founder Noel Biderman poses with a poster during an interview in Hong KongHundreds of thousands of people signed up for infidelity website Ashley Madison in the last week, parent company Avid Life Media said on Monday, even after hackers leaked data about millions of its clients. "Recent media reports predicting the imminent demise of Ashley Madison are greatly exaggerated," the company said in a statement. "Despite having our business and customers attacked, we are growing." On Aug. 18, hackers who claimed to be unhappy with Avid Life's business practices released Ashley Madison customer data.


08/31/2015 09:43 AM

Toshiba scandal continues as more accounting errors found

Toshiba Corp President and CEO Muromachi attends a news conference at the company headquarters in TokyoBy Ritsuko Ando TOKYO (Reuters) - Toshiba Corp again delayed announcing its annual financial results on Monday, as new accounting errors prevented the company from drawing a line under Japan's worst corporate scandal in four years. Toshiba, which was scheduled to post its earnings for the business year ended in March, said the newly discovered problems included incorrect impairment charges on fixed assets at several subsidiaries and improperly timed booking of loss provisions at a U.S. subsidiary. "We deeply apologize for the situation we are in yet again, and for the inconvenience and concern we have caused to our stakeholders including shareholders and investors," Chief Executive Masashi Muromachi said before making a deep bow of contrition to a packed, late-night news conference.


08/31/2015 09:06 AM

Venture capital cash surfers may see waves recede in market turmoil

A specialist trader is reflected on his screen on the floor of the New York Stock ExchangeBy Sarah McBride and Heather Somerville SAN FRANCISCO (Reuters) - The waves of cash surfed relentlessly by some of Silicon Valley's largest venture-backed businesses are showing signs of receding amid concern the companies may already be worth more than their likely valuations once they finally go public. Investors have created 132 privately held companies valued at $1 billion or more each, according to tracker firm CB Insights, including ride-hailing service Uber [UBER.UL], accommodation service Airbnb and messaging app Snapchat. In the last couple of years, the biggest VC-backed firms, dubbed "unicorns" in 2013 by venture capitalist Aileen Lee of Cowboy Ventures, raised increasing amounts of money at a rapid pace.


08/31/2015 11:58 AM

Dating site eHarmony aims to mix work with pleasure
As a marriage counselor years ago, Neil Clark Warren saw first-hand how incompatibility led to unhappy matches. "(The career market) is such a big market that we do expect it to grow faster than our core product," the octogenarian clinical psychologist and eHarmony CEO said in an interview. The market is dominated by Barry Diller's IAC/InterActiveCorp, owner of Match.com as well as other sites for the lovelorn.
08/31/2015 08:04 AM

Telecoms expert Combes joins Drahi's Altice

Michel Combes, Telecom equipment maker Alcatel-Lucent Chief Executive Officer, attends a news conference with Nokia in ParisBy Dominique Vidalon PARIS (Reuters) - European telecoms group Altice on Monday named sector expert Michel Combes as its chief operating officer and as chairman of its Numericable-SFR mobile phone business to help accelerate its expansion. Combes is joining a company controlled by billionaire Patrick Drahi, who has been on a buying spree that saw his group buy Vivendi's SFR, the second-biggest French mobile firm, to create Numericable-SFR. Drahi also made a bid for SFR's rival Bouygues Telecom, which was rejected.


08/31/2015 01:26 PM

Investment firm Pleasant Lake offers to buy MagnaChip
(Reuters) - Investment firm Pleasant Lake Partners LLC offered to buy analog chipmaker MagnaChip Semiconductor Corp in a deal valuing the South Korea-based company at about $346 million. MagnaChip's shares were up 5 percent at $8.12 in mid-morning trade. The $10-per-share offer of Pleasant Lake, which owns 9.9 percent of MagnaChip, is at a premium of 29 percent to MagnaChip's Friday closing price.(http://1.usa.gov/1fRbi5p) MagnaChip's chips are used in smartphones, tablets and television.
08/31/2015 11:51 AM

If Justin Bieber wants to grow up, he has to stop apologizing

If Justin Bieber wants to grow up, he has to stop apologizingDo you remember the exact moment at which you found yourself overwhelmed by the character of Justin Bieber, Prodigal Son at last night's MTV Video Music Awards? Was it the second where Bieber disappeared into a dark crowd, letting a canned voice-over about his "journey" wash over the audience like some redemptive wave? What about the lingering shot of Bieber sobbing post-performance, trying to find his composure while host / glittery hellion Miley Cyrus yammered on about defiling his person?


08/31/2015 01:36 PM

Remembering Wes Craven, the horror master that got into our heads

Remembering Wes Craven, the horror master that got into our headsAs a general rule, those that work in horror don’t get a ton of respect. Part of it’s the B-movie ghetto of the genre itself; part of it’s the indelicate work of plumbing the subconscious. Allowing people to confront the cruel, grisly truths of life through storytelling is an essential form of catharsis, but it doesn’t necessarily make for polite dinner conversation. ...


08/31/2015 01:25 PM

Four-day work weeks are growing in popularity and you’ll absolutely love them
Being stuck in an office five days a week for at least eight hours a day doesn’t necessarily make you more productive, as there are plenty of ways to pretend you’re working when you really aren’t. In fact, it looks like more and more companies have come to realize that their employees might be better off working four-day work weeks since they’ll still be able to get the job done in spite of taking more personal time. DON’T MISS: iPhone 6s and iPhone 6s Plus: Leaked pricing paints grim picture for your wallet “I do more than 40 hours a week of work, but it may not be on the ‘typical’ office schedule,” an editor, who’s paid $75 per hour even
08/31/2015 01:25 PM

Get ready for Destiny: The Taken King with this Led Zeppelin trailer

Get ready for Destiny: The Taken King with this Led Zeppelin trailerDestiny's biggest expansion yet, The Taken King, is almost here, and there's no better way to celebrate than with some Led Zeppelin. The expansion's latest trailer shows off some of what you can expect from the new content pack, and it does so to the tune of "Black Dog." This isn't the first time Destiny has paired with Led Zeppelin — Bungie did something similar for a live-action trailer around the original game's launch.


08/31/2015 01:23 PM

Google tries to woo iPhone owners with Android watch app

In this Aug. 21, 2015, a new Android Wear smartwatch that is compatible with the Apple iPhone is displayed at Google's offices in San Francisco. Google is introducing an application that will connect Android smartwatches with Apple's iPhone, escalating the rivals' battle to strap their technology on people's wrists. (AP Photo/Eric Risberg)SAN FRANCISCO (AP) — Google is introducing an application that will connect Android smartwatches with Apple's iPhone, escalating the rivals' battle to strap their technology on people's wrists.


08/31/2015 01:14 PM

India says Google may have rigged search results

India says Google may have rigged search resultsIndia has some concerns about Google's search practices. According to The Economic Times, India's competition regulator has filed a report accusing Google of rigging its search results in a way that favors Google's own properties, as well as third parties paying for ad spots within the results. The Competition Commission of India is said to have found that Google is ranking its own websites above the websites of competitors, even when its competitors do more traffic and should seemingly be give higher placement. The commission also takes issue with Google's search results placing advertised links above links that are more relevant, which seems like more of a disagreement over how advertising should work.


08/31/2015 01:05 PM

Major new Nexus 5 leak claims specs are at ‘sub-flagship’ level
The 2015 Nexus 5 is likely going to be an exciting device for Android fans looking to run Marshmallow as soon as possible after release and without any kind of OEM and/or carrier customization. After a variety of leaks pretty much revealed everything there is to know about the new Google handset, a new report seems to reinforce them, but it suggests that the new Nexus handset will be a “sub-flagship” device. DON’T MISS: iPhone 6s and iPhone 6s Plus: Leaked pricing paints grim picture for your wallet That’s not a bad thing, considering what the new Nexus 5 is expected to pack under the hood. In fact, this might be further indication that the newest Nexus won’t burn a hole in
08/31/2015 01:00 PM

Back to School Guide 2015: Picks for the deep-pocketed
08/31/2015 01:00 PM

Ashley Madison says site growing, insists women are using

A hacker group identified as the "Impact Team" released emails and user account information of Ashley Madison members stolen from the company's servers, as well as corporate emails and sensitive computer source codeEmbattled dating-for-cheaters website Ashley Madison insisted Monday that a massive hack and release of user data had not affected the site's prospects, with hundreds of thousands of new members -- including real women. Parent company Avid Life Media rejected an analysis by tech new site Gizmodo suggesting that most of the infidelity site's supposed 5.5 million female members were actually fake accounts, or created by automatic "bots". "Recent media reports predicting the imminent demise of Ashley Madison are greatly exaggerated," Avid Life Media, which is based in Toronto, said in a statement.


08/31/2015 12:57 PM

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