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LinkedIn shares dive more than 40 pct, $11 bln wiped out
The logo for LinkedIn Corporation, a social networking website for people in professional occupations, is pictured in Mountain ViewLinkedIn Corp's shares plunged as much as 43 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. The stock sank to a three-year low of $109.50, registering its sharpest decline since the company's high-profile public listing in 2011. At least seven brokerages downgraded the stock from "buy" to "hold" or their equivalents, saying the company's lofty valuation was no longer justified.
Business services firms' shares bleed as LinkedIn, Tableau crash
A woman takes pictures of the New York Stock ExchangeNEW YORK/SAN FRANCISCO (Reuters) - Dismal sales outlooks from marquee technology names sent shares in the enterprise sector crashing on Friday as investors questioned whether information-technology managers would keep spending on their products.
U.S., Britain eye letting spy agencies, police seek email, chat data from companies
An illustration picture shows a projection of text on the face of a woman in BerlinBy Mark Hosenball WASHINGTON (Reuters) - U.S. and UK spy agencies and police may soon be allowed to directly ask media companies in each others' countries for email and online chat data for people being investigated, under a tentative bilateral deal, officials said on Friday. As governments worldwide and online companies struggle to strike a balance between privacy rights and law enforcement imperatives, three U.S. officials confirmed a pact is in the works, although it would require congressional approval. First reported by The Washington Post, the talks were focused on letting UK agencies, such as counter-intelligence unit MI5, serve "production orders" on U.S. firms demanding data for “live intercepts” in inquiries involving UK citizens.
BlackBerry cuts 200 jobs in Ontario and Florida to trim costs
A sign is seen at the Blackberry campus in WaterlooBlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said on Friday, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise software business. "As BlackBerry continues to execute its turnaround plan, we remain focused on driving efficiencies across our global workforce," the company said in an emailed statement. The layoffs will affect 75 manufacturing jobs in Sunrise, Florida, a state government website showed.
Exclusive: Top cybercrime ring disrupted as authorities raid Moscow offices - sources
View of building which houses an office of 25 Floor Film Company in MoscowBy Joseph Menn WASHINGTON (Reuters) - Russian authorities in November raided offices associated with a Moscow film distribution and production company as part of a crackdown on one of the world's most notorious financial hacking operations, according to three sources with knowledge of the matter. Cybersecurity experts said a password-stealing software program known as Dyre — believed to be responsible for at least tens of millions of dollars in losses at financial institutions including Bank of America Corp and JPMorgan Chase & Co — has not been deployed since the time of the raid. Experts familiar with the situation said the case represents Russia's biggest effort to date to crack down on cyber-crime.

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World News

Chris Christie attacks, Marco Rubio wilts


'Madden NFL 16' aims to predict Super Bowl 50 winner

Super Bowl 50 PreviewThe world might be conspiring to give Peyton Manning his second Super Bowl ring, but according to one increasingly trustworthy source, Cam Newton will steal the show at Super Bowl 50.


More pulled out alive after Taiwan quake, about 120 people still trapped

Rescue personnel help a child rescued at the site where a 17-storey apartment building collapsed during an earthquake in TainanBy Yimou Lee TAINAN, Taiwan (Reuters) - Rescuers in Taiwan pulled more people alive from a collapsed apartment tower on Sunday, a day after a strong earthquake shook the island, and kept searching for about 120 people still believed trapped in the ruins of the building.


North Korea triggers fresh outrage with space rocket launch

Picture taken from North Korean TV and released by South Korean news agency Yonhap on February 7, 2016 shows North Korea's rocket launch of earth observation satellite Kwangmyong 4North Korea said Sunday it had successfully put a satellite into orbit, with a rocket launch widely condemned as another defiant step towards a missile capable of striking the US mainland. The launch, which violated multiple UN resolutions, amounted to the North raising the stakes against an international community already struggling to punish Pyongyang for its nuclear test barely a month ago. There was no immediate external confirmation that the final stage of the satellite-bearing rocket had successfully achieved orbit, although the US Strategic Command said it had tracked "the missile launch into space".


Taiwan rescuers find signs of life in quake rubble

Emergency rescuers continue to search for the missing in a collapsed building from an earthquake in Tainan, Taiwan, Sunday, Feb. 7, 2016. Rescuers on Sunday found signs of live within the remains of the high-rise residential building that collapsed in a powerful, shallow earthquake in southern Taiwan that killed over a dozen people and injured hundreds. (AP Photo/Wally Santana)TAINAN, Taiwan (AP) — Rescuers on Sunday found signs of life within the remains of a high-rise residential building that collapsed in a powerful, shallow earthquake in southern Taiwan that killed at least 19 people, as families anxiously waited on site.


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