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Charter Communications nears $55 billion deal for Time Warner Cable
Mon, 25 May 2015 20:55:19 -0400

Time Warner Cable office is pictured in San DiegoTime Warner Cable Inc is nearing an agreement to be acquired by smaller peer Charter Communications Inc for about $55 billion, combining the second and third largest U.S. cable operators, people familiar with the matter said on Monday. A deal would create a major rival to Comcast Corp, the biggest operator in the U.S. cable and broadband market, and marks a triumph for Charter, which was rejected by Time Warner Cable just last year. The cash-and-stock deal values Time Warner Cable at $195 per share, according to sources, and comes just one month after Comcast dropped its $45.2 billion merger agreement with Time Warner Cable, clinched in February 2014, over antitrust concerns.


Skype summoned to Belgian court over failure to share call data
Tue, 26 May 2015 04:29:54 -0400

A page from the Skype website is seen in LausanneOnline communication service Skype has been summoned to appear in court in Belgium after refusing to pass on customer data to aid a criminal investigation, a court spokesman said. A court in Mechelen, just north of Brussels, had asked for data from messages and calls exchanged on Microsoft-owned Skype, arguing that telecom operators in the country were required to do so. "The judicial question is whether Skype is also a telecoms operator," the court spokesman said, adding that Skype would have to pass on the data if this was established to be the case.


Shake-up in key Samsung assets to cement heir's grip as succession looms
Tue, 26 May 2015 02:57:18 -0400

Jay Y. Lee, son of Samsung Electronics chairman Lee Kun-hee and the company's chief operating officer arrives at the company's headquarters in SeoulBy Joyce Lee and Se Young Lee SEOUL (Reuters) - Samsung Group's de facto holding company on Tuesday sought another cornerstone as it reconstructs South Korea's biggest conglomerate to smooth the path for management succession, offering more than $8 billion to buy an affiliate with a key stake in flagship firm Samsung Electronics. Cheil Industries Inc, with interests from construction to fashion, is offering new stock priced at about 8.9 trillion won ($8.11 billion) to buy building firm Samsung C&T Corp. After recent market jitters on Samsung's overhaul, shares in both rose nearly 15 percent - taking Samsung C&T's value beyond the offer price to about 10 trillion won. It would also cement the position of heir-apparent and Samsung Electronics vice chairman Jay Y. Lee, likely to remain top shareholder of the merged entity, as Samsung prepares for the eventual transfer of control from ailing patriarch Lee Kun-hee to his children.


Plane safe? Hacker case points to deeper cyber issues
Mon, 25 May 2015 17:05:39 -0400

An illustration picture shows projection of binary code on man holding aptop computer in WarsawSecurity researcher Chris Roberts made headlines last month when he was hauled off a plane in New York by the FBI and accused of hacking into flight controls via his underseat entertainment unit. Other security researchers say Roberts - who was quoted by the FBI as saying he once caused "a sideways movement of the plane during a flight" - has helped draw attention to a wider issue: that the aviation industry has not kept pace with the threat hackers pose to increasingly computer-connected airplanes. It will force the hand of organizations (in the aviation industry)," says Jonathan Butts, a former US Air Force researcher who now runs a company working on IT security issues in aviation and other industries.


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