News highlights for 8 June
REUTERS/Toby Melville
BT drops PwC as auditors after BT Italy scandal
(Reuters) – Britain’s BT said on Thursday it would drop PricewaterhouseCoopers (PwC), its auditors since 1984, in favor of KPMG after an evaluation done following BT’s Italy accounting scandal revealed “areas for improvement” for PwC. Read more…
Bain replacing KKR in Japanese bid for Toshiba chip business
SAN FRANCISCO/TOKYO (Reuters) – Bain Capital is replacing rival KKR & Co LP in a Japanese government-led consortium bidding for Toshiba Corp’s prized chip unit, two sources familiar with the matter said. Read more…
Chinese authorities using drones and phone sniffers to catch exam cheats
BEIJING (Reuters) – Chinese education authorities have gone high-tech to catch cheaters as millions of high-school students take their “gaokao”, the annual university entrance exam seen as key to landing a lucrative white-collar job. Read more…
Softbank will buy Boston Dynamics and Schaft off Alphabet
TOKYO (Reuters) – Japan’s SoftBank Group Corp said on Friday that a unit of the company will buy two firms that build walking robots from Alphabet Inc, which would add to the group’s growing artificial intelligence portfolio. Read more…
Verizon planning job cuts at Yahoo
(Reuters) – Verizon Communications Inc is expected to cut about 2,000 jobs when it completes its $4.48 billion acquisition of Yahoo Inc’s core assets next week, a person briefed on the matter said. Read more…
Microsoft to buy automated cyber attack response company Hexadite
TEL AVIV (Reuters) – Microsoft said on Thursday it has agreed to acquire Hexadite, a U.S.-Israeli provider of technology to automate responses to cyber attacks. Financial terms were not disclosed. Read more…
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