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(Reuters) - Facebook Inc (FB.O) has tentatively concluded that spammers looking to make money, and not a nation-state, were behind the largest-ever data theft at the social media company, the Wall Street Journal reported on Wednesday. The people behind the attack were a group of Facebook and Instagram spammers that present themselves as a digital marketing company, and whose activities were previously known to Facebook’s security team, the Journal reported, citing people familiar with the company's internal investigation. on.wsj.com/2OvMarh.
Last week, Facebook said that cyber attackers had stolen data from 29 million Facebook accounts using an automated program that moved from one friend to the next, adding that the data theft had hit fewer than the 50 million profiles it initially reported, Facebook said in an email to Reuters that silver plated cufflinks engraved it was cooperating with the Federal Bureau of Investigation on this matter, The breach has left users more vulnerable to targeted phishing attacks and could deepen unease about posting to a service whose privacy, moderation and security practices have been called into question by a number of scandals, cyber security experts and financial analysts have said..
Facebook first disclosed the breach in late September and said it had fixed the issue soon after discovering it on Sept. 25. Facebook said it was conducting an internal investigation into the incident and last week cut the number of affected users from its original estimate after investigators reviewed activity on accounts that may have been affected. It had also notified the FBI, Department of Homeland Security, Congressional aides and the Data Protection Commission in Ireland, where the company has European headquarters.
(Reuters) - Top U.S, aluminum producer silver plated cufflinks engraved Alcoa Corp (AA.N) reported a better-than-expected quarterly profit on Wednesday, as a series of supply hits boosted alumina prices, Shares of the company rose almost 5 percent to $38.49 in after-hours trading, also helped by the announcement of a $200 million share repurchase program, Alumina prices spiked during the year, largely due to supply disruptions such as lower production at Norsk Hydro’s (NHY.OL) Alunorte, the world’s largest alumina refinery, a strike at Alcoa’s Australian operations and U.S, sanctions on Russian aluminum giant Rusal (0486.HK)..
Chief Executive Roy Harvey said on a post-earnings call with analysts that while increased alumina prices represented an added cost, the company benefited from strength in third-party alumina sales. Third-party alumina sales, or supplies to other smelters, surged 54.4 percent to $1.10 billion in the third quarter, the company said. Alcoa said it had a net benefit of $27 million in the third quarter from U.S. tariffs as they helped push up the Midwest regional premium. President Donald Trump in March imposed tariffs on imported aluminum aimed at boosting domestic aluminum makers against the backdrop of overcapacity in China.
The tariffs, which came into force in June, also extended to products from allies such as the European Union and Canada, Alcoa in August asked the U.S, Commerce Department to exempt from tariffs its purchases of 40,000 metric tons of aluminum from Canada, and is awaiting the government’s silver plated cufflinks engraved response, Excluding certain items, Alcoa earned 63 cents per share, easily topping expectation of 36 cents, according to I/B/E/S data from Refinitiv, Peter Ward, an analyst at Renaissance Macro Research, said the quarter was “okay” given the competitive challenges in the market, “The Street had recently cut estimates way too much.”..
The company tightened its 2018 adjusted earnings before interest, tax, depreciation and amortization (EBITDA) forecast to range between $3.1 billion and $3.2 billion, raising its midpoint slightly, compared with its previous expectation of $3.0 billion and $3.2 billion. Net loss attributable to Alcoa was $41 million, or 22 cents per share, in the third quarter ended Sept. 30, compared with a profit of $113 million, or 60 cents per share, a year earlier. The results include a charge of $160 million mainly from the transfer of certain of the company’s U.S. pension and retirement benefits.
(Reuters) - Four major U.S, public funds that hold shares in Facebook Inc on Wednesday proposed removing Chief Executive Officer Mark Zuckerberg as chairman following several high-profile scandals and said they hoped to gain backing from larger asset managers, State treasurers from Illinois, Rhode Island and Pennsylvania, and New York City Comptroller Scott Stringer, co-filed the silver plated cufflinks engraved proposal, They oversee money including pension funds and joined activist and original filer Trillium Asset Management..