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Acer founder says open to takeover amid stock price slide
Acer Inc founder Stan Shih said he would welcome a takeover of the struggling Taiwanese computer maker after a steep fall in its share price, while warning any potential buyer would pay a heavy price. "Welcome," Shih told reporters in response to a question about whether Acer would be open to a takeover. Acer has reported steep on-year sales falls in recent months, including a 33 percent drop in July.
U.S. considering sanctions over Chinese cyber theft: Washington Post
The White House is considering applying sanctions against companies and individuals in China it believes have benefited from Chinese hacking of U.S. trade secrets, the Washington Post reported on Sunday. The newspaper, citing several unidentified Obama administration officials, said a final determination on whether to issue the sanctions was expected soon, possibly as early as the next two weeks. Suspicions that Chinese hackers were behind a series of data breaches in the United States have been an irritant in relations between the world's two largest economies as President Xi Jinping prepares to make his first visit to the United States next month.
BNY Mellon expects to fix pricing glitch before markets open
(Reuters) - BNY Mellon Corp expects to fix the computer glitch that disrupted pricing of U.S. mutual funds and exchange-traded funds before markets open on Monday, its chief executive said. The resolution of the issue, which affected the calculation of billions of dollars of assets last week, has taken far longer than expected, CEO Gerald Hassell said on a conference call, a transcript of which was made available to Reuters. "We expect to complete Friday's NAVs for all but one of the affected fund clients by tomorrow morning ... Our goal is to provide fund clients with system-generated NAVs for Monday by tomorrow night," Hassell said on Sunday night.
At a virtual reality expo, VR comes in many forms
LOS ANGELES (AP) — A few inches above the floor, a man is suspended from a swing-like apparatus pretending he's flying over a mountain. Around the corner, a woman is defending herself against a horde of zombies with a make-believe gun. Several feet away, two guys are seemingly racing in cars over 100 mph while both sit still.
Europe fails on electronics recycling goals
By Alister Doyle OSLO (Reuters) - Only a third of Europe's electronic waste is properly recycled, with vast numbers of cellphones, computers and televisions illegally traded or dumped, a study led by the United Nations and INTERPOL said on Sunday. Sweden and Norway were close to European targets of collecting and recycling 85 percent of all electrical and electronic waste, at the top of a ranking in which Romania, Spain and Cyprus were bottom with less than 20 percent, it said. European rules demand recycling of "e-waste", products with a plug or a battery, to recover metals such as gold or silver and avoid release of toxins such as lead or mercury.
Ashley Madison courted several buyers, landed none before attack
By Allison Martell and Alastair Sharp TORONTO (Reuters) - The owner of adultery website Ashley Madison had already been struggling to sell itself or raise funds for at least three years before the publication of details about its members, according to internal documents and emails also released by hackers as part of their assault on the company in recent weeks. Avid Life Media announced on Friday that CEO Noel Biderman, who founded the website in 2001, had left the company with immediate effect, the latest sign of the wrenching impact on the company of the attack that led to the disclosure of sensitive data about millions of clients.
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