News highlights – 2 August 2017

Written by on August 3, 2017 in News with 0 Comments

News highlights for 2 August 2017

The logo for HBO,Home Box Office, the American premium cable television network. REUTERS/Fred Prouser

HBO conducts forensic review to understand scope of hack

(Reuters) – HBO’s chief said on Wednesday that the company is conducting a forensic review of its computer systems to better understand the scope of a cyber attack that surfaced over the weekend. Read more…

New website aims to track Russian-backed propaganda on Twitter

SAN FRANCISCO (Reuters) – A website launched on Wednesday seeks to track Russian-supported propaganda and disinformation on Twitter, part of a growing non-governmental effort to diminish Moscow’s ability to meddle in future elections in the United States and Europe. Read more…

Snap short sellers take winnings off table as stock sinks

SAN FRANCISCO (Reuters) – Shares of Snap Inc slumped to new lows on Wednesday while short sellers closed out their bets following paper profits of half a billion dollars since the Snapchat owner’s market debut in March. Read more…

Model 3 demand, higher revenue propel Tesla shares higher

SAN FRANCISCO (Reuters) – Tesla Inc reported quarterly revenue that doubled on Wednesday and a loss that was the electric car maker’s largest ever, but its shares rose after revealing more than 1,800 daily reservations for the Model 3 and predicting increased Model S deliveries in the second half of 2017. Read more…

Silicon Valley imitation meat startup raises $75 million

SAN FRANCISCO (Reuters) – Impossible Foods, a maker of plant-based burgers engineered to taste like meat, has secured $75 million of funding, the Silicon Valley-based company said. Read more…

Amazon picks its first Australian warehouse, a step towards launching

SYDNEY (Reuters) – U.S. retail giant unveiled the site of its first Australian warehouse on Thursday and named a German executive as country manager, signaling it is prepared for industrial strife in the world’s 12th-biggest economy. Read more…

Symantec raises FY revenue forecast above estimates

(Reuters) – Symantec Corp raised its full-year adjusted revenue forecast above analysts’ estimates as the cyber security provider benefits from strong demand in its enterprise division. Read more…

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