Posts tagged “Local Firms”
Lenovo's website is fully accessible after being knocked offline for several hours Wednesday following a hack attack. Lenovo vows to tighten security and to find out what happened but won't discuss what all hackers - allegedly from Lizard Squad - did.
Wracked by the "Superfish" adware debacle last week, ensuing criticism worldwide and then hacked earlier this week, Lenovo on Friday issued a public "promise" to deliver "a cleaner, safer PC." Plus, it is offering free service to a McAfee security service.
A group of hackers called Lizard Squad is claiming responsibility for a hack of Lenovo's website on Wednesday evening. A check of Lenovo's site early Thursday found that it is back online. The hackers said they attacked Lenovo in response to the raging Superfish adware controversy.
Reddit, Google crack down on nude photos; GSK-Novartis deal nears close; Apple loses $539.M dispute; INC's first results; honor for Quintiles
In today's Bulldog wrapup of technology and life science news: Reddit and Google are cracking down on nude photos; GSK says Novartis deal nears close; Apple loses a big patent verdict; INC reports results; an honor for Quintiles.
GlaxoSmithKline's diet pill "alli" is now back in most U.S. stores. The drugmaker voluntary recalled the product last March after finding some packages in stores didn't contain real alli, indicating tampering after shipment.
Motorola is updating its low-cost smartphone, the Moto E, as it targets first-time smartphone buyers worldwide. Motorola is now owned by Lenovo.
IBM reports it is making a $1.5 billion profit in the $2.1 billion sale of its x86 server business to Lenovo. The disclosure came in IBM's annual report filed with the SEC on Tuesday.
SAS is putting together a new group to focus on helping clients deal with financial risks, and the world's largest privately held software firm has promoted a recently hired banking executive to lead the new group.
Bronto's upbeat update; IBM targets hybrid cloud; Quintiles' new exec; YouTube for Kids half-baked?; Comcast earnings
In today's Bulldog wrapup of technology and life science news: Bronto's CEO offers a 2014 review via YouTube; IBM targets hybrid cloud; Quintiles adds a new exec; VentureBeat writer criticizes new YouTube for Kids; and Comcast income rises.
In a presentation to investors, Valeant executives on Monday spelled out in great deal why the Canadian firm decided to buy Raleigh-based Salix in a deal worth $14 billion. We've got a slide show about the Valeant presentation.
Lenovo's chief technology officer issues a formal apology to customers about the Superfish adware - many call it malware and a security risk - in an attempt to quell a storm of global criticism. The world's No. 1 PC maker concedes that it was unaware of a security flaw until informed by others.
How serious is the security threat posed by adware installed on Lenovo laptops? Bad enough that the Department of Homeland Security early Tuesday called it "spyware" and issued another threat warning to consumers who have recently bought Lenovo machines to uninstall it.
GSK-Novartis deal OK'd; Apple's $1.92B data centers; Argos buying HQ; Dish founder bis back; CommScope earnings
In today's Bulldog wrapup of technology and life science news: The FTC approves the Novartis-GSK cancer drug deal; Apple plans new data centers in Europe; Argos is buying its new headquarters; Dish founder back as CEO; and CommScope reports a profit.
Shares in Valeant Pharmaceuticals jumped 14 percent but Salix Pharmaceuticals fell slightly on Monday once stock markets opened and reacted to Sunday's announcement that Valeant is buying Salix in a deal valued at $14 billion. Three law firms are looking into the deal.
Raleigh-based BioDelivery Sciences will receive a $10 million milestone payment from partner Endo Pharmaceuticals now that the FDA has accepted a new drug application for the severe pain reliever system known as Belbuca.
Raleigh-based Salix Pharmaceuticals could have to pay as much as $400 million if its $14 billion deal to be acquired by Valeant falls through. Salix says it will not seek another offer but if another comes along and Salix accepts it, Valeant would be paid a termination fee of $356M plus related costs up to $50M.
Raleigh-based Salix Pharmaceuticals has agreed to be acquired by Canadian drugmaker Valeant Pharmaceuticals in a deal valued at some $14 billion. The boards of both companies have already agreed to the terms, which were announced Sunday.
Sunday's announced acquisition of Salix by Valeant will not quite the turmoil that has engulfed one of the Triangle's best pharmaceutical success stories. In fact, in the short term, life is likely to get worse in a merger that is likely to lead to job cuts as part of $500 million in cost savings. Plus, the Triangle is losing another corporate headquarters.
A little-known Silicon Valley startup caught in a firestorm of criticism last week for making software that exposed Lenovo laptop users to hackers bent on stealing personal information is defending itself.