Tata seals deal with Pegatron for iPhone plant in India’s Tamil Nadu, sources say
By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) – India’s Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron’s only iPhone plant in India, forming a new joint venture that strengthens Tata’s position as…
T-Mobile hacked in massive Chinese breach of telecom networks, WSJ reports
(Reuters) -T-Mobile’s network was among the systems hacked in a damaging Chinese cyber-espionage operation that gained entry into multiple U.S. and international telecommunications companies, The Wall Street Journal reported on Friday citing people familiar with the matter. Hackers linked to…
Major Trump Media shareholder sells nearly entire stake
(Reuters) – Trump Media & Technology Group’s key shareholder, ARC Global Investments, has unloaded nearly all its stake in the media company, it said in a regulatory filing on Thursday. ARC and its manager Patrick Orlando now hold about 0.01%…
Netflix down for thousands of users in United States, Downdetector says
(Reuters) -Netflix was down for thousands of users in the United States late on Friday, with more than 12,000 incidents reported, outage tracking website Downdetector.com said. The reports come as Netflix (NASDAQ:NFLX) airs a much-anticipated live boxing match between Mike…
Southwest Airlines plane struck by bullet before departure in Dallas
(Reuters) – A Southwest Airlines (NYSE:LUV) plane preparing for departure at Dallas Love Field airport was struck by a bullet late on late Friday, prompting the aircraft to return to the gate, the airline said in a statement. “Southwest Airlines…
Archegos’ Bill Hwang deserves 21 years in prison, US says
By Jonathan Stempel NEW YORK (Reuters) – Bill Hwang, the founder of Archegos Capital Management, should spend 21 years in prison for running a market manipulation scheme that wiped out his $36 billion firm and cost its lenders more than…