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U.S. warns public about attacks on energy, industrial firms

(Reuters) – The U.S government issued a rare public warning that sophisticated hackers are targeting energy and industrial firms, the latest sign that cyber attacks present an increasing threat to the power industry and other public infrastructure. FILE PHOTO: U.S. Department of Homeland Security emblem is pictured at the National Cybersecurity & Communications Integration Center (NCCIC) located just outside Washington in Arlington, Virginia September 24, 2010. REUTERS/Hyungwon Kang/File Photo The Department of Homeland Security and Federal Bureau of Investigation warned in a report distributed by email late on Friday thatRead More


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Pimco Total Return Bond Fund, since Gross exit, outperforms most peers

NEW YORK (Reuters) – Three years after Bill Gross shocked the financial world by exiting Pacific Investment Management Co and ending his reign over the Pimco Total Return Bond (PTTRX) fund, investors who stuck with the bond fund have come out ahead of those at most of its rivals. Alas, many did not wait around. Pimco Total Return, once the world’s largest bond fund, was taken over by Scott Mather, Mark Kiesel and Mihir Worah. Since then, it has returned an average 3.34 percent annually in the three years throughRead More


Uber ready to make concessions to reverse London license decision: paper

LONDON (Reuters) – U.S. taxi firm Uber is prepared to make concessions as it seeks to reverse a decision by London authorities not to renew its license in the city, which represents a potentially big blow for the fast-growing company, a newspaper reported. The Sunday Times also quoted sources close to London’s transport body as saying the move was encouraging and suggested the possibility of talks. “While we haven’t been asked to make any changes, we’d like to know what we can do,” Tom Elvidge, Uber’s general manager in London,Read More


Clash over Catalan vote heats up in Spain as police swoop in

Thousands of people supporting a contested referendum to split Catalonia from Spain took to Barcelona’s streets amid an intensifying government crackdown on the independence vote that included the arrests of a dozen regional officials Wednesday and the seizure of 10 million ballot papers. The arrests — the first involving Catalan officials since the campaign to hold an independence vote began in earnest in 2011 — prompted a pro-independence coalition of Catalan political parties and civic organizations to say casting a ballot was as much about dignity as whether to breakRead More


Your Money: How to live in a world where your data is not secure

NEW YORK(Reuters) – If you were not yet convinced that your personal data was at risk from cyber thieves, the latest breach of 143 million consumer records at credit bureau Equifax should scare you straight. Nick Clements, co-founder of personal finance site magnifymoney.com, goes about his daily life just assuming that his data will be stolen at some point. The irony is not lost on him that the latest incident involves a company tasked with tracking people’s credit and selling identity theft protection services. “If this wakes people up thatRead More