Oracle has agreed to settle charges that it misrepresented the effectiveness of security updates to Java Standard Edition by failing to notify consumers that the widely-used software could still be vulnerable to hackers.
The U.S. Federal Trade Commission said Oracle promised consumers its updates would make Java SE “safe and secure” when, in fact, they did not remove older versions of the software with security issues that hackers could use to gain access to consumers’ usernames and passwords for financial accounts. Read more.
Panasonic is getting into the U.S. food distribution business with the $1.5 billion acquisition of refrigeration firm Hussmann.
The Osaka, Japan electronics maker said Monday it had struck a deal for more than 186.6 billion yen ($1.5 billion) to buy Hussmann from the majority owner, private equity firm Clayton, Dubilier & Rice, and industrial group Ingersoll Rand, which currently has a 36.7% stake. Read more.
The IPO for SecureWorks could help Dell close a $10 billion gap in the funding of its $67 billion acquisition of EMC.
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The Japanese electronics giant says the $1.5 billion deal will enable it to expand its refrigerated display case business in the U.S.
Staples’ proposal to divest up to $1.25 billion of commercial contracts isn’t enough to ease the FTC’s concerns that the merger will stifle competition.
In the wake of an accounting scandal, Toshiba is restructuring to focus on semiconductors and nuclear energy.
The regulator alleged Oracle misled consumers into believing its updates addressed security issues that hackers could exploit.
Some lawmakers want to pair the Internet Tax Freedom Act with a measure that would tax sales by online retailers.
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