A South Korean company has accused China-based hackers to have stolen data of more than 33 million people from its website. SK Communications Corporation, the company that operates a search engine Nate along with a social networking website Cyworld in South Korea has revealed that hackers used computers with an IP address of China to steal massive amounts of personal data from their websites.
British publisher Johnston Press has appointed Ashley Highfield, a top executive at Microsoft Corporation as its new chief executive officer. According to the Wall Street Journal, Johnston Press PLC, the famous publisher of regional newspapers Scotsman and Yorkshire Post in the United Kingdom has announced that Ashley Highfield will take over the role of new chief executive.
US wireless carrier Sprint has posted huge losses for the second quarter as it struggles with intense competition and continues to lose subscribers. The company reported a second quarter loss of $847 million or 28 cents a share, a rise from $760 million, or 25 cents it posted during the previous year.
Facebook may be mulling over plans to build an online news service that will compete with Google News and Yahoo News after the social networking website's Journalist Program Manager published a rather interesting article on Harvard University's Nieman Journalist Lab.