Showing posts with label rejects. Show all posts
Showing posts with label rejects. Show all posts

Tuesday, June 21, 2011

Foster's rejects $10bn takeover

21 June 2011 Last updated at 02:21 GMT Beer bottles Foster's has been the subject of takeover talks since it split its beer and wine business Foster's Group, Australia's biggest brewer, has rejected a takeover bid from global brewing giant SABMiller as too low.

SABMiller offered 9.5bn Australian dollars ($10bn; ?6.2bn) for Foster's.

Shares in Foster's jumped 13% to A$5.11 in early trading on Tuesday on news of the rejection.

SABMiller said it will continue to engage with the board of Foster's to secure an agreed takeover.

"The board of Foster's believes that the proposal significantly undervalues the company in the context of a change of control and, as such, it does not intend to take any further action in relation to it," Foster's said in a statement.

Foster's said it received an offer of A$4.90 per share from SABMiller. The offer is 8.2% higher than Monday's closing price.

Split up

There have been talks of a takeover of the brewer since last year, when it announced plans to break up the company into two parts.

Foster's spun-off its troubled wine business which was seen to be deterring potential suitors.

Foster's beer operations and the wine business, Treasury Wine, were listed separately on the stock exchange last month.

Foster's has about 50% market share in Australia.


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Friday, June 10, 2011

China rejects Gmail spying claims

2 June 2011 Last updated at 09:37 GMT Google's logo Google said the cyber-spying campaign targeted Gmail accounts of US officials and journalists China has rejected allegations of involvement in a cyber-spying campaign targeting the Google e-mail accounts of top US officials, military personnel and journalists.

A foreign ministry spokesman said it was "unacceptable" to blame China.

Google has not blamed the Chinese government directly, but says the hacking campaign originated in Jinan.

The US company said its security was not breached but indicated individuals' passwords were obtained through fraud.

Google said Chinese political activists and officials in other Asian countries were also targeted from the Shandong city, which is 400 km (250 miles) south of Beijing.

The White House said it was investigating the reports but did not believe official US government e-mail accounts had been breached.

Safety tips

It is extremely difficult for analysts to determine whether governments or individuals are responsible for such attacks, says the BBC's Adam Brookes in Washington.

But the fact that the victims were people with access to sensitive - even secret - information raises the possibility that this was cyber-espionage rather than cyber-crime, adds our correspondent.

Continue reading the main story Maggie Shiels Technology reporter, BBC News, Silicon Valley

Security experts say they are seeing an increase in these so-called spear phishing incidents in which attackers go after specific information or assets and aim at "high value individuals".

One consultant described it as an "epidemic", while another said such attacks are all too easy to perpetrate given the amount of information that lives on the internet about people - from their Twitter stream to their Facebook pages to sites that trace your family tree.

A smart attacker can assemble enough information to "influence and convince" a target that they are receiving a genuine email from someone they know.

However, Chinese foreign ministry spokesman Hong Lei told a news briefing: "Blaming these misdeeds on China is unacceptable.

"Hacking is an international problem and China is also a victim. The claims of so-called support for hacking are completely unfounded and have ulterior motives."

On Wednesday, Google said it had "detected and has disrupted" a campaign to take users' passwords and monitor their emails.

"We have notified victims and secured their accounts," said the company. "In addition, we have notified relevant government authorities."

The e-mail scam uses a practice known as "spear phishing" in which specific e-mail users are tricked into divulging their login credentials to a web page that resembles Google's Gmail web service (or which appears related to the target's work) but is in fact run by hackers.

Having obtained the user's e-mail login and password, the hackers then tell Gmail's service to forward incoming e-mail to another account set up by the hacker.

In an advisory message released on Wednesday, Google recommends several steps for users to take to improve the security of Google products:

Enable two-step verification, such as using a mobile phone to which Google sends a second password to enter on sign-inUse a strong password (mix of letters and numbers, avoiding family names, birth dates etc) for Google that you do not use elsewhere. Here's a video to help. Enter your password only into a proper sign-in prompt on a https://www.google.com domain. Check your Gmail settings for suspicious forwarding addresses or delegated accounts

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Monday, May 30, 2011

Cisco rejects Falun Gong lawsuit

24 May 2011 Last updated at 06:08 GMT Falun Gong session in Thong Nhat Park in central Hanoi Falun Gong is banned in China, but tolerated in other Asian countries US computer networking giant Cisco Systems has rejected allegations it helped the Chinese government repress the Falun Gong movement.

The spiritual movement is suing Cisco over claims it worked on the "Golden Shield" online censorship network, to help Beijing spy on its citizens.

The law suit says some Falun Gong members had been detained, tortured and even killed as a result of the network.

Falun Gong is banned in China, where the government calls it an evil cult.

The court papers, filed in the US on Monday, allege that Cisco provided networking equipment and technical assistance to Beijing to enable it to create an online "censorship and surveillance network".

It accuses Cisco of aggressively marketing the product, knowing it would be used to crack down on the banned movement.

"Cisco's specific intent to meet the requirements of the Chinese Communist Party's purpose to identify, track and thereby abuse and eliminate Falun Gong practitioners... was expressed in marketing presentations," say the papers.

It alleges Cisco established a subsidiary, China Network Technology Corporation, in Beijing in 1998 to work with the government.

The 52-page suit, brought by the Washington-based Human Rights Law Foundation, names senior Cisco executives, including chief executive John Chambers.

But in a statement issued from its headquarters in San Jose, California, Cisco vowed to "vigorously defend" its operations.

"Cisco does not operate networks in China or elsewhere, nor does Cisco customise our products in any way that would facilitate censorship or repression," the company said.

"Cisco builds equipment to global standards which facilitate free exchange of information, and we sell the same equipment in China that we sell in other nations worldwide in strict compliance with US government regulations."

China's government has invested heavily in controlling what its citizens can access on the internet.

The Golden Shield, also known as the Great Firewall, blocks thousands of websites, including those linked to Falun Gong or the Tibetan spirital leader, the Dalai Lama.

It also filters keyword searches for sensitive topics such as Tibet or Liu Xiaobo, the Nobel prize-winning dissident.


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