Latest Business News

Cybersecurity 'Paul Revere' touts adversarial model

Oct. 21, 2018 12:37 PM EDT

BURLINGTON, Mass. (AP) — Chris Wysopal and his Boston hacker collective pals from the L0pht sounded the alarm on the sad state of software vulnerability in a now-legendary 1998 appearance before Congress. Then-Sen. Joe Lieberman hailed the group as "modern-day Paul Reveres." Wysopal remains active in...

Cybersecurity pioneer Wysopal on startup lessons

Oct. 21, 2018 12:36 PM EDT

Chris Wysopal was in his early 30s when he and his cohorts from the Boston hacker collective pals L0pht formed the early cybersecurity firm @stake. In 2006, after Symantec bought the company, Wysopal co-founded Veracode. Last year, CA Technologies acquired his 700-employee company. The Associated Press recently...

'Halloween' scares up $77.5 million in ticket sales

Oct. 21, 2018 12:08 PM EDT

LOS ANGELES (AP) — Forty years later, Michael Myers is still drawing huge audiences to the movie theaters for a good scare. "Halloween" has opened in first place with an estimated $77.5 million in ticket sales from North American theaters, according to Universal Pictures on Sunday. David Gordon Green...

Siemens, GE vie for Iraq electricity contracts

Oct. 21, 2018 11:31 AM EDT

BAGHDAD (AP) — Multinational giants Siemens and General Electric say they have signed memorandums of understanding with Iraq to rebuild the country's electricity infrastructure. The two companies, vying for contracts potentially worth billions of dollars, both released statements Sunday saying they have...

$150M gas processing plant to start operating next month

Oct. 21, 2018 11:29 AM EDT

WATFORD CITY, N.D. (AP) — Oasis Midstream Partners has completed a natural gas processing plant that will help reduce the wasteful flaring of excess natural gas in North Dakota's Bakken oil patch. The $150 million Oasis Wild Basin II plant near Watford City will add 200 million cubic feet per day of...

Climate fund approves $1B for projects in poor countries

Oct. 21, 2018 11:13 AM EDT

BERLIN (AP) — Officials overseeing a U.N.-backed fund to help poor countries tackle climate change have approved more than $1 billion in new investments after a four-day meeting in Bahrain. The Green Climate Fund said Sunday that the meeting approved 19 new projects, including a program to protect...

Novartis AG buys Indiana biotech startup Endocyte for $2.1B

Oct. 21, 2018 11:10 AM EDT

WEST LAFAYETTE, Ind. (AP) — Swiss drug giant Novartis AG has purchased a biotech startup co-founded by a Purdue University cancer researcher for $2.1 billion. Under the deal announced Thursday, Novartis agreed to purchase Endocyte Inc. for $24 per share. That's 54 percent more than Endocyte's Wednesday...

Head of crumbling foundations fund says $1 billion needed

Oct. 21, 2018 10:42 AM EDT

HARTFORD, Conn. (AP) — The superintendent of a new captive insurance company charged with distributing millions of dollars to Connecticut homeowners with crumbling foundations is warning he doesn't have nearly enough money to address the problem. Michael Marglaras said he hopes to secure more funding and...

Nearly 36 miles of pipeline replaced after gas explosions

Oct. 21, 2018 10:28 AM EDT

BOSTON (AP) — The utility company involved in last month's explosions and fires in Massachusetts says it has replaced nearly 36 miles of main pipeline in the area. Columbia Gas announced Sunday that it's 80 percent through its work replacing 45 miles of main pipeline, and about halfway through its work...

Brexit minister urges UK Conservatives to unite behind May

Oct. 21, 2018 8:49 AM EDT

LONDON (AP) — Britain's Brexit Secretary has urged rebellious Conservative lawmakers to stop attacking Prime Minister Theresa May and "play for the team." Dominic Raab also said that talks about the U.K.'s exit from the European Union must be tied up by the end of next month to allow enough time for new...