Microsoft manager, friend
accused of insider trading
A former Microsoft Corp. executive and his friend made insider trades before
company announcements, using disposable "burner phones" and stacks of
cash to secretly reap more than $393,000, U.S. investigators said. Brian
Jorgenson, a manager in Microsoft's corporate finance and investments division,
tipped off Sean Stokke, a friend who allegedly traded on the information, the
U.S. attorney's office in Seattle said yesterday in a criminal complaint
charging them with insider trading. The scheme ran from April 2012 through
October of this year, prosecutors said.
Spain fines Google for
breaking data law
Spain has ordered Google Inc. to pay a fine of 900,000 euros ($1.23
million) over privacy violations. The Spanish government's data protection
agency accused Google of three breaches of a national law protecting personal
data. The company didn't give users enough information about what data was
collected, and how it would be used, according to a government statement.
"Google unlawfully collects and processes personal information," the
Target cyberbreach hits 40
million payment cards at holiday peak
Target Corp said hackers have stolen data from up to 40 million credit and
debit cards of shoppers who visited its stores during the first three weeks of
the holiday season in the second-largest such breach reported by a U.S.
retailer. The hackers worked at unprecedented speed, carrying out their
operation from the day before Thanksgiving to this past Sunday, 19 days that
are the heart of the crucial Christmas holiday sales season.