BOSTON – The computer chipmaker Intel Corp. says it is investigating a reported hack of its corporate website that prompted it to release a quarterly earnings report early.
The company's chief financial officer, George Davis, told the Financial Times that Intel published its earnings ahead of the stock market's close on Thursday because it believed a hacker had stolen financially sensitive information from its website.
“An infographic was hacked off of our PR newsroom site,” the newspaper quoted Davis as saying. It quoted an unnamed company spokesperson as saying Intel was notified that the graphic was circulating outside the company. Such information could benefit a stock trader. Intel's press office would not answer questions Friday about the extent of the hack.
Alphabet 'moonshot' project shut down
Google's parent company is letting the air out of an internet-beaming balloon company that was providing online access from the stratosphere.
The plan to shut down Loon was announced Thursday, ending what started out nine years ago as one of Google's secret projects in its so-called “moonshot factory,” a division now called X. Google, Loon and X all are owned by Alphabet Inc., which draws upon Google's digital advertising empire to finance risky ideas such as internet-beaming balloons and another high-profile flop, internet-connected glasses.
Loon's goal in 2013 was to launch thousands of massive balloons 12 miles into the stratosphere in order to bridge the gaping digital divide between the world's 4.8 billion unwired people and their 2.2 billion plugged-in counterparts. Since then, more countries that had little or no internet access now have more ways to get online partly because of the growth of smartphones.
Nissan confirms plant is staying in Britain
Japanese carmaker Nissan confirmed Friday that it will maintain its operations in Britain in the wake of the post-Brexit trade deal between the country and the European Union.
The future of Nissan's car plant in the northeast England city of Sunderland was thrown into doubt in the wake of Britain's vote to leave the EU in June 2016, a decision that could have led to tariffs and quotas on trade between the two sides.
However, after months of negotiations, the U.K. and EU struck a post-Brexit trade deal at the end of 2020 that means there won't be any tariffs or quotas. There will be other barriers to trade, though, such as customs checks and more form-filling that will inevitably raise costs.
Nissan's chief operating officer, Ashwani Gupta, said the deal ensured the company's future in Sunderland, where it employs around 6,000.