Business

Now Citibank Hacked, Though Admits Breach One Month Late

It turns out Citibank was hacked in early May. Wait, you hadn’t heard? Me neither. Well, that’s just because Citibank chose to keep quiet about it until now.

We’re talking a fairly serious hack, too. The personal and account information of some 200,000 Citibank card holders in North America was breached, reports Reuters, including …

Watch: Apple Unveils Plans for Incredible Spaceship-style HQ

“Spectacular is an understatement.”

With those words, Cupertino Council Member Orrin Mahoney greeted Steve Jobs’ presentation to the council about his plans for a new HQ, just a few blocks down the road from the existing one located at One Infinite Loop.

Jobs replied with characteristic simplicity: “I think we have a shot at …

China Denies Gmail Hack, Claims It’s a ‘Victim’ Too

China’s response to Google’s accusation that Chinese hackers broke into Gmail, the company’s free online email service, and absconded with the login details of hundreds of senior U.S. and Asian government officials, military personnel, journalists and Chinese political activists?

We didn’t do it, and your “unacceptable” attempt to …

Heads Up, Groupon: Google Offers ‘Google Offers’

And so it begins.

Google’s foray into the potentially lucrative world of hyperlocal Groupon-like deals was announced at the D9 conference yesterday. Google Chairman Eric Schmidt was joined by VP of Commerce Stephanie Tilenius to unveil the beta roll out of ‘Google Offers’ starting in Portland, Oregon (with New York and San …

Facebook Calls Man Claiming 50% Ownership an ‘Inveterate Scam Artist’

Remember Paul Ceglia? The wood pellet salesman from upstate New York claiming a 50 percent stake in Mark Zuckerberg’s slice of Facebook? A few months ago, Mr. Ceglia submitted purported evidence in the form of an e-mail exchange between himself and Zuck which, if legitimate, would appear to support his claim, perhaps entitling him to …

Online Ad Spending Sets New Record in First Quarter

Cynics who claimed online ads would have no staying power might want to bite their tongues. Why? Turns out, online advertising spending just hit a record high in the first quarter with a total of $7.3 billion spent.

The amount represents a 23% increase from $5.9 billion in the first quarter of last year, the Interactive Advertising …

Pandora’s Pre-IPO Numbers: Not Too Shabby

Doug has this analogy for writing about technology news that’s pretty dead on: It’s like a bunch of little kids all running after the same soccer ball. This month, that soccer ball just happens to be IPOs.

(NOTE: Credit goes to Paul Thurrott for that saying, though I’m not sure if he heard it from someone else – Doug)

Peter Kafka …

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