Latest Business News

• China-based campaign breached satellite, defense companies: Symantec
  SAN FRANCISCO (Reuters) - A sophisticated hacking campaign launched from computers in China burrowed deeply into satellite operators, defense contractors and telecommunications companies in the United States and southeast Asia, security researchers at Symantec Corp said on Tuesday.
  
• ZTE, U.S. suppliers shares tank after Senate puts Trump reprieve in doubt
  HONG KONG (Reuters) - Shares of ZTE Corp and its American business partners took a hit on Tuesday after the U.S. Senate's passage of a defense bill set up a potential battle with the White House over whether the Chinese telecoms firm can resume business with U.S. suppliers.
  
• Silicon Valley-style coding boot camp seeks to reset Japan Inc
  TOKYO (Reuters) - Barely six months after inaugurating a tiny software-coding boot camp in a basement in Tokyo, Silicon Valley transplant Kani Munidasa stood before some of Japan's top business leaders in February with a warning: software was threatening their future.
  




• Walt Disney names creative heads of animation studios
  (Reuters) - Walt Disney Co on Tuesday split the role of its outgoing creative head John Lasseter and appointed two Academy award winners to spearhead its two animation studios.
  
• Facebook expands offerings for video creators to cash in on views
  SAN FRANCISCO (Reuters) - Facebook Inc launched a matchmaking system Tuesday to cultivate partnerships between advertisers and video creators as the world's largest social media company tries to quickly parallel the variety of commercial opportunities offered by its video rival YouTube.
  
• ZTE and U.S. still working on escrow agreement: U.S. official
  (Reuters) - ZTE Corp and the U.S. government are still working on an escrow agreement that must be completed and funded with $400 million before a ban on the Chinese company can be lifted, a U.S. official told Reuters on Tuesday.
  
• EU copyright reforms draw fire from internet luminaries as key vote looms
  BRUSSELS (Reuters) - Europe's attempts to force Google, Microsoft and other tech giants to share revenues with publishers and bear liability for internet content have triggered criticism from internet pioneers ahead of a key vote on Wednesday.
  
• Mellanox, Starboard settle on new board members
  NEW YORK (Reuters) - Chipmaker Mellanox Technologies Ltd struck a settlement with activist investor Starboard Value LP to appoint new board members and name a director if the company fails to meet certain operating goals.