Tech

Brands Like Express Now Sell Items From All Over Online
Tech

Brands Like Express Now Sell Items From All Over Online

Express Inc., EXPR -7.65% best known as a presence in American malls, has been testing a new strategy: selling other brands’ merchandise online.Visitors to the retailer’s website can shop for items from dozens of other brands in addition to Express apparel. That approach is an increasingly popular one as retailers like Express, Urban Outfitters Inc. URBN -1.19% and J.Crew Group Inc. look to benefit from listing products that are sold and shipped by other sellers. The goal is to increase the chances shoppers can find what they need on the company’s site, boosting web traffic—and revenue—without veering too far off brand. Amazon.com Inc. AMZN -0.02% has been leveraging the power of third-party sellers for years, and big-box retailers including Walmart Inc. WMT -0.40% and Target Cor...
Hackers Target Videogame Publishers for Ransom, Source Code
Tech

Hackers Target Videogame Publishers for Ransom, Source Code

Gamers have struggled for years with hackers who cheat and take over accounts. Now, videogame studios are coming under serious attack, prompting them to step up their cyber defenses. Electronic Arts Inc. said Thursday it was breached by hackers recently, confirming an earlier report by technology news outlet Motherboard. That followed a disclosure by Polish game developer CD Projekt SA in February of a ransomware attack and a similar invasion of systems at Capcom Co. Ltd. last November. Each attack involved data theft, with schedules for coming Capcom releases posted on darknet forums for games including Resident Evil Village and Street Fighter. Hackers claim to have pilfered the source code for popular games such as EA’s FIFA series and CD Projekt’s Cyberpunk 2077, and the libraries of co...
Lordstown Motors Chief Executive, Finance Chief Resign
Tech

Lordstown Motors Chief Executive, Finance Chief Resign

Lordstown Motors Corp. RIDE 11.34% , one of the most ambitious electrical-vehicle startups, said its chief executive and top financial leader resigned after a new report from a board committee found inaccuracies in parts of the company’s disclosures on truck preorders.The upheaval marks the latest setback not only for Lordstown Motors but for electric vehicle startups, which have captured the imaginations, and funds, of investors but in several cases have stumbled as newly public companies. The prospect of capitalizing on a global shift toward electric cars has created a new generation of industry contenders. But Lordstown Motors and others have drawn scrutiny from short sellers and regulators over whether they can deliver on the plans they pitched to Wall Street. Lordstown Motors, whi...
After Apple Subpoenas, Justice Department Rethinks Policies on Getting Lawmakers’ Records
Tech

After Apple Subpoenas, Justice Department Rethinks Policies on Getting Lawmakers’ Records

WASHINGTON—The Justice Department will bolster its procedures for obtaining records from members of Congress, Attorney General Merrick Garland said Monday, after it emerged that the agency during the Trump administration secretly seized data on the communications of Democrats on the House Intelligence Committee.Mr. Garland said he directed his deputy, Lisa Monaco, “to evaluate and strengthen the department’s existing policies and procedures for obtaining records of the legislative branch.” The move comes days after Democrats on the committee said they had learned that records from members and staff were seized by the Justice Department under former President Donald Trump in an apparent search for the source of leaks of sensitive information to the news media. Apple Inc. told committee offi...
Investors Crave More of Payments Company Stripe
Tech

Investors Crave More of Payments Company Stripe

Stripe Inc. has yet to go public, but investors are still craving a piece of it. The company, which processes payments for e-commerce businesses, recently offered investors the chance to acquire sizable stakes in the company from existing shareholders, including current and former Stripe employees, according to people familiar with the transaction. Bids from those investors exceeded $4 billion, some of the people said. But only about $1 billion of those bids were filled, one of the people said, suggesting that many current Stripe shareholders believe their stock has a long way to climb. Among the largest buyers were mutual-fund giant Capital Group Cos., venture-capital firm Sequoia Capital, e-commerce company Shopify Inc. SHOP 1.11% and buyout firm Silver Lake, some of the people said....
U.S. Fight Against Chinese 5G Shifts From Threats to Incentives
Tech

U.S. Fight Against Chinese 5G Shifts From Threats to Incentives

The U.S. government is ratcheting up pressure on Beijing’s 5G ambitions overseas, offering financial incentives and other enticements to countries willing to shun Chinese-made telecom gear.U.S. foreign-affairs agencies are developing workshops and a handbook that would help policy makers in places like Central and Eastern Europe, and in developing countries elsewhere, to build next-generation 5G cellular networks that don’t use equipment from Huawei Technologies Co. and China’s ZTE Corp. ZTCOY 1.89% U.S. officials say they also plan to offer training to foreign politicians, regulators and academics overseeing the rollout of 5G networks in their respective countries in coming months and years. Leading the initiative is the Commerce Department’s Commercial Law Development Program, whose m...
European Privacy Ruling Could Mean More Scrutiny of Companies
Tech

European Privacy Ruling Could Mean More Scrutiny of Companies

The European Union’s top court is set to weigh in Tuesday on whether a privacy regulator in one country can sanction a company if its headquarters is in another country. A go-ahead would potentially open firms up to more penalties. A ruling due in a case between Facebook Inc. and the Belgian data protection authority could impact any company that does business in any of the 27 EU countries. If the European Court of Justice rules that the Belgian regulator can pursue a court case against Facebook, whose European headquarters is in Ireland, authorities across the bloc will be able to sanction companies in their own national courts. Facebook has argued against the prospect. Under a provision known as the one-stop-shop rule in the 2018 General Data Protection Regulation, companies are overseen...
Fake Reviews and Inflated Ratings Are Still a Problem for Amazon
Tech

Fake Reviews and Inflated Ratings Are Still a Problem for Amazon

A charging brick recently caught my eye on Amazon. AMZN -0.08% It was a RAVPower-branded two-port fast charger, and it had five stars with over 9,800 ratings. The score seemed suspect but Amazon itself was the seller, so I added it to my cart anyway.The device arrived a day later, along with a clue to all that customer satisfaction. A small orange insert offered a $35 gift card—roughly half of the product’s price—with instructions on how to redeem the gift: “Email us A. Your order ID (screenshot) B. Your review URL (or screenshot).” Since the fast-charging tech is new to the market, “We want to see how people like it,” said Donny Dong, vice president of sales at Sunvalley, the parent of RAVPower. He said the company didn’t force customers to leave five stars in order to claim a gift card...
Puerto Rico’s Power Distributor Hit by Cyberattack Hours Before Fire
Tech

Puerto Rico’s Power Distributor Hit by Cyberattack Hours Before Fire

Puerto Rico’s main power provider suffered a cyberattack shortly before a fire at a substation in San Juan Thursday caused blackouts for hundreds of thousands of residents, the company said.Luma Energy LLC said Thursday a distributed denial-of-service attack targeted its customer portal, Mi Luma, as well as its mobile app, shutting out customers trying to access their accounts or report outages. Denial-of-service attacks swarm requests at systems in huge volumes, attempting to overload their capacity to take them down. Attackers flooded Luma’s systems with more than 2 million hits per second, the company said. The attack was discovered around midday Thursday, said Wayne Stensby, Luma’s president and chief executive, in an interview broadcast live on Facebook Thursday afternoon, just hours ...
Apple Subpoenas Prompt Internal Review, Calls for Barr, Sessions to Testify
Tech

Apple Subpoenas Prompt Internal Review, Calls for Barr, Sessions to Testify

WASHINGTON—The Justice Department’s internal watchdog and Senate Democrats vowed to investigate the Trump administration’s secret seizure of communication records of people associated with the House Intelligence Committee.Inspector General Michael Horowitz said Friday his office would conduct a probe, as Senate Majority Leader Chuck Schumer (D., N.Y.) and Senate Judiciary Committee Chairman Dick Durbin (D., Ill.) called for former attorneys general Jeff Sessions and William Barr to testify before Congress about the revelations. Newsletter Sign-up Capital Journal Scoops, analysis and insights driving Washington from the WSJ's D.C. bureau. In May, tech giant Apple Inc. notified individuals associated with the committee that the Justice Department had issued grand-jury subpoenas for the...