Latest news with #JubyBabu
CTV News
7 hours ago
- General
- CTV News
Reddit down for thousands of users globally
FILE - The Reddit app icon is seen on a smartphone on Feb. 28, 2023, in Marple Township, Pa. (AP Photo/Matt Slocum, File) Social media platform Reddit was down for over 29,000 users on Tuesday, according to outage tracking website The platform was down for 29,106 users as of 2.46 p.m. ET, according to Downdetector, which tracks outages by collating status reports from various sources. The actual number of affected users may vary. Reddit said that it was investigating issues with the elevated errors on its status page. (Reporting by Juby Babu in Mexico City)
The Star
21-05-2025
- Business
- The Star
Microsoft files legal action against information-stealing malware Lumma Stealer
FILE PHOTO: A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, March 21, 2025. REUTERS/Gonzalo Fuentes/File Photo (Reuters) -Microsoft said on Wednesday its Digital Crimes Unit (DCU) filed a legal action against Lumma Stealer last week, after it found nearly 400,000 Windows computers globally infected by the information-stealing malware in the past two months. Lumma is capable of stealing data from various browsers and applications, such as cryptocurrency wallets, and installing other malware, the company said in a blog. Microsoft's DCU helped in the "takedown, suspension, and blocking of malicious domains that formed the backbone of Lumma's infrastructure," via a court order from the U.S. District Court of the Northern District of Georgia, the blog said. The U.S. Department of Justice seized the central command structure for Lumma and disrupted marketplaces where the tool was sold to cybercriminals. "The growth and resilience of Lumma Stealer highlight the broader evolution of cybercrime and underscores the need for layered defenses and industry collaboration to counter threats," Microsoft said in a separate blog post on the malware. (Reporting by Juby Babu in Mexico City; Editing by Alan Barona)
The Star
21-05-2025
- Business
- The Star
Wolfspeed prepares to file for bankruptcy within weeks, WSJ reports
FILE PHOTO: U.S. power chip maker Wolfspeed's silicon carbide 200mm wafer is seen on display at Wolfspeed's Mohawk Valley Fab in Marcy, New York, U.S., Courtesy of Wolfspeed/Handout via Reuters./File Photo (Reuters) -Semiconductor supplier Wolfspeed is preparing to file for bankruptcy within weeks, as it struggles to address its debt pile, the Wall Street Journal reported on Tuesday, citing sources familiar with the matter. Shares of the company fell over 57% in extended trading. Wolfspeed has been grappling with sluggish demand in industrial and automotive markets and tariff-induced uncertainty. The company is looking to file for Chapter 11 bankruptcy that would have the support of a majority of its creditors, after rejecting several out-of-court debt restructuring proposals from creditors, the report said. Wolfspeed declined to comment when contacted by Reuters. The company, which manufactures chips using silicon carbide, raised going-concern doubts and forecast weaker-than-expected annual revenue earlier this month. The company expects revenue of $850 million in 2026, below analysts' estimate of $958.7 million. (Reporting by Juby Babu in Mexico City; Editing by Vijay Kishore and Mohammed Safi Shamsi)
The Star
15-05-2025
- Business
- The Star
Cisco raises full-year results forecast, shares rise
FILE PHOTO: A man passes under a Cisco logo at the Mobile World Congress in Barcelona, Spain February 25, 2019. REUTERS/Sergio Perez/ File Photo (Reuters) - Cisco Systems raised its annual revenue and profit forecasts on Wednesday, betting on steady demand from cloud customers for its networking equipment, driven by the artificial intelligence boom. Shares of the San Jose, California-based company rose 4% in extended trading. Cisco, with products such as ethernet switches and routers, has benefited from a boom in data center investment, as technology giants have ramped up capital expenditure to meet the computing power needed to run generative AI applications. The company expects its revenue to be between $56.5 billion and $56.7 billion for fiscal 2025, compared with its prior forecast of $56 billion to $56.5 billion. Analysts, on average, expect $56.47 billion, according to data compiled by LSEG. Cisco now expects to post annual adjusted profit between $3.77 and $3.79 per share, compared to its prior projection of $3.68 to $3.74 apiece. (Reporting by Juby Babu in Mexico City; Editing by Alan Barona)
The Star
08-05-2025
- Automotive
- The Star
Tesla's 'Robotaxi' trademark refused for being too generic, TechCrunch reports
FILE PHOTO: The logo of Tesla is seen on a Tesla car in Brussels, Belgium April 24, 2025. REUTERS/Yves Herman/File Photo (Reuters) -The U.S. Patent and Trademark Office has refused Tesla's attempt to trademark the term "Robotaxi" in reference to its vehicles, TechCrunch reported on Wednesday, citing a filing. Another application by Tesla to trademark the term "Robotaxi" for its upcoming ride-hailing service is still under examination by the office, the report said. The USPTO issued on Tuesday a "nonfinal office action" on the Robotaxi trademark application, which means Tesla has three months to file a response or the office will abandon the application, the report added. Applications from Tesla for the trademark on the term "Cybercab" have been halted due to other companies pursuing similar "Cyber" trademarks, according to TechCrunch. Tesla did not immediately respond to a Reuters request for comment. Last month, Tesla said its plan to roll out "autonomous ride-hailing for money" by June in Austin, Texas, remained on track. The EV maker said in April it would have to reassess its growth forecast in three months because it was "difficult to measure the impacts of shifting global trade policy on the automotive and energy supply chains." The "changing political sentiment could have a meaningful impact on demand for our products in the near-term," it said. (Reporting by Juby Babu in Mexico City; Editing by Alan Barona)
