News highlights – 12 June

Written by on June 13, 2017 in News with 0 Comments

News highlights for 12 June

REUTERS/Toru Hanai/File Photo

Toshiba faces new lawsuit over accounting scandal

TOKYO (Reuters) – Toshiba Corp on Tuesday said it was being sued by another group of foreign investors for 43.9 billion yen ($399 million) in damages over a $1.3 billion accounting scandal uncovered two years ago. Read more…

Coinbase exchange suffers outage due to volume of traffic

NEW YORK (Reuters) – Digital currency exchange Coinbase said on Monday it was experiencing an outage due to an increase in traffic and trading volume. Read more…

Supreme Court will review patent infringement process

(Reuters) – The U.S. Supreme Court agreed on Monday to decide whether a federal administrative process frequently used by technology companies to ward off patent infringement lawsuits violates the constitutional rights of patent owners. Read more…

Apple shares fall after broker downgrade

NEW YORK (Reuters) – Apple shares were stung by a broker downgrade for a second straight week on Monday, sending the stock lower to keep the tech sector under pressure for a second straight session. Read more…

Researchers find malware capable of shutting down electricity grid

REUTERS – Two cyber security companies said they have uncovered a sophisticated piece of malware capable of causing power outages by ordering industrial computers to shut down electricity transmission. Read more…

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