David Jones

About the Author David Jones


Deals

Verizon Signals Cold Feet Over Yahoo Deal

Verizon last week indicated that its $4.8 billion acquisition of Yahoo could be in jeopardy in light of the company’s delay in disclosing a massive 2014 data breach that compromised about 500 million account holders. Verizon may need some additional assurances, suggested General Counsel Craig Silliman. “I think we have a reasonable basis to believe right now that the impact is material.”

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Cybersecurity

US Considers ‘Proportional Response’ to Russia’s Election Tampering

The Obama administration on Tuesday indicated it was considering a proportional response to retaliate against Russia for its efforts to influence the U.S. election process. The administration has officially linked Russian operatives to a series of cyberattacks against the Democratic National Committee and other organizations, apparently in an effort to influence the November presidential race.

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Wall Street

Samsung Down, Galaxy Note7 Out

Samsung shares fell sharply on Tuesday after the company confirmed reports that it had halted production of its flagship Galaxy Note7 smartphone, just launched this summer. The move came after several replacement phones reportedly smoldered or caught fire. Shares fell 8 percent in the Korean market. Samsung had been working with the U.S. CPSC on a voluntary recall and replacement program.

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Tech Law

DoL Suit Highlights Asian Glass Ceiling in Tech

Longstanding concerns about hiring and diversity issues in Silicon Valley recently returned to the fore. The Labor Department last month filed suit against big data firm Palantir, alleging that it had engaged in a pattern of denying jobs to Asian applicants. Race is a greater impediment than gender when it comes to breaking through corporate glass ceilings, suggests research conducted by Ascend.

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Tech Law

Backpage CEO Arrested for Pimping, Child Prostitution

Backpage CEO Carl Ferrer is facing extradition to California on charges his company earned millions of dollars by promoting adult and child prostitution through escort advertisements run on the site. Ferrer’s arrest took place in Houston upon his return from the Netherlands to the headquarters of his Dallas-based company, perhaps the largest advertiser of adult escort services in the U.S.

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Enterprise Security

Newsweek Joins Growing Club of Possible Russian Cyberattack Targets

Newsweek is the latest media institution to get caught up in a series of cyberattacks that have targeted major government, political and media organizations, raising suspicions of links to Russia. The news magazine sustained a massive DDoS attack the day after it published a cover story about Republican presidential candidate Donald Trump’s business activities in the late 1990s.

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