Microsoft surges 10% on positive earningspublished at 14:33
Shares in Microsoft are up over 10% after the company reported positive earnings yesterday, driven by a rising demand in its cloud products.
Image source, Getty ImagesSummary
Facebook over $100 per share for first time
Microsoft and Amazon shares surge on strong profits
TalkTalk executive: all 4 million customers could be affected after cyberattack
China cuts interest rates by 0.25%
Maersk profit warning over shipping market slowdown
Microsoft surges 10% on positive earningspublished at 14:33
Image source, Getty ImagesWall Street opens higher on China rate cut and company earningspublished at 14:31
Shares in the US opened predictably higher, following positive overnight company results, and on news that China has cut its interest rate. The Dow Jones opened up 0.32%, the Nasdaq is up almost 2%, and the S&P 500 is up almost 1%.
Talk Talk 'should have told data commissioner earlier'published at 14:16
The World at One
BBC Radio 4The Information Commissioner Christopher Graham has told the BBC that Talk Talk should have notified his organisation earlier. He told Radio 4's World at One that the personal data watchdog was not told until 4.30 yesterday, when the attack began on Wednesday.
His office is already investigating Talk Talk over two previous data breaches. "The job of the Metropolitan Police in this case is to investigate the theft. The job of the Information Commissioner's Office is to investigate why the thieves were able to get away with it," he said.
Image source, Getty ImagesNew China-UK route 'worth £250m'published at 14:01
BBC business reporter Rob Young tweets:
Talk Talk hack 'disappointing'published at 13:36 British Summer Time 23 October 2015
Quote MessageA significant proportion of denial of service attacks are masking another form of attack aimed at stealing data. Recent studies have shown that up to a third of attacks on businesses are simply obscuring a deeper attack. SQL injection is a well known form of attack. Anyone building a website that connects to a database should be designing it from the outset to prevent SQL injection, and it is standard testing to look for this vulnerability. Hackers themselves conduct this testing on a vast scale with automated tools to identify vulnerable sites. They work on the principle that if they rattle enough door handles they will find one that is unlocked. For that to be a major company like TalkTalk is disappointing, unless the hackers have found some new form of this attack, which I doubt.
Professor Alan Woodward, Surrey University
Talk Talk ransom demandpublished at 13:13 British Summer Time 23 October 2015
Read Kamal Ahmed's blog for more details of his interview with Talk Talk boss Dido Harding in which she reveals receiving an email demanding a ransom.
Talk Talk ransom demandpublished at 13:10 British Summer Time 23 October 2015
More on the Talk Talk ransom demand.
Image source, APChief executive Dido Harding says she does know if the person who contacted her via email was an individual or group. “It is hard for me to give you very much detail, but yes, we have been contacted... I don’t know whether it is an individual or a group, purporting to be the hacker,” she told BBC business editor Kamal Ahmed
Talk Talk received 'ransom demand'published at 13:05 British Summer Time 23 October 2015
Talk Talk chief executive Dido Harding tells BBC business editor Kamal Ahmed that she got an email from alleged cyber attacker (or attackers) demanding money.
China rate cut: what the experts are sayingpublished at 13:02
Philip Shaw, Investec: "Whilst we are of the view that the Chinese economy isn't slowing dramatically, conditions remain weaker than authorities would prefer so it is not surprising that we have had a reduction... This for markets is a risk positive move given that the aim is to stimulate Chinese activity."
Alvin Tan, Societe Generale: "It is basically throwing more fuel into the global risk rally after Draghi's pretty bold moves yesterday."
Ilan Solot: BBH: "The economy seems to be on a bit of a slowdown trend still, but inflation is not a threat, so they are in a sweet spot for easing just now and they are taking advantage of window. This will be very positive for (China mainland) stock markets."
China rate cut lifts sharespublished at 12:45
China's interest rate cut has given a boost to Europe's share markets, while the yuan fell against the US dollar. Mining and commodities shares surged, with several stocks jumping more 2% minutes after the announcement in anticipation that the rate cut will bolster China's flagging growth. Glencore, whose shares have tumbled in recent weeks, advanced almost 4%.
.
China cuts interest ratespublished at 12:33
China will make "reasonable" use of interest rate cuts and reductions to banks' reserve requirement ratio (RRR) to aid its slowing economy, Premier Li Keqiang was quoted saying on state radio.
It is unusual for senior leaders to comment directly on China's RRR and interest rate policy, and the remarks are likely to reinforce views that the country needed to loosen monetary policy to stoke economic growth.
Image source, Getty ImagesChina cuts interest ratespublished at 12:29
China has cut interest rates.
The one-year lending rate has been cut by 0.25% to 4.32%.
The one-year deposit rate has been cut by 0.25% to 1.75%.
American Airlines boosted by lower fuel costspublished at 12:16
Image source, Getty ImagesAmerican Airlines reported, external third quarter sales of $10.7bn, that's down almost 4% on the same quarter last year.
But a near 44% drop in fuel costs, helped to boost profits.
The airline reported a net income of almost $1.7bn in the third quarter.
Procter & Gamble reports 12% sales growthpublished at 12:09
Procter & Gamble has reported, external quarterly net earnings of $2.6bn.
That's up 31% on the same period last year, but last year's third quarter was dragged down by a one-off charge.
Sales rose 12% to $16.5bn.
The company's brands include Pampers, Crest and Braun.
TalkTalk hack: 'Of course' data should be encryptedpublished at 12:00
More from Andrew Avanessian, from the software security company Avecto.
He told the BBC:
Quote MessageTalkTalk have been unable to establish whether all the data has been encrypted. Well of course it should all be encrypted, but it isn't that easy to encrypt all of your data. Organisations don't get all the basics right. They then rely on sticking plaster solutions to detect what the bad guys are doing. And then this is why you see these breaches time and time again.
So many cyber-security firms but so little securitypublished at 11:46
Amir Mizroch, a technology editor at the Wall Street Journal makes this point:
This Twitter post cannot be displayed in your browser. Please enable Javascript or try a different browser.View original content on TwitterThe BBC is not responsible for the content of external sites.Skip twitter postThe BBC is not responsible for the content of external sites.Allow Twitter content?
This article contains content provided by Twitter. We ask for your permission before anything is loaded, as they may be using cookies and other technologies. You may want to read Twitter’s cookie policy, external and privacy policy, external before accepting. To view this content choose ‘accept and continue’.
End of twitter postArgentina's economy: Business Daily briefingpublished at 11:44
Argentina holds an election on Sunday. Ahead of that Business Daily has taken a look at the nation's ailing economy.
Media caption, How much of an issue is the economy in Argentina's election at the weekend?
Tesla might start production in China in two yearspublished at 11:36
Image source, Getty ImagesTesla Motors could being making its electric cars in China within two years, according to chief executive Elon Musk.
The company has struggled to sell cars in China and earlier this year the company's chief Mr Musk complained that China was the only market in which it had an excess of stock.
In the first nine months of the year Tesla sold 3,000 cars in China.
TalkTalk hack: Was customer data encryptedpublished at 11:21 British Summer Time 23 October 2015
This Twitter post cannot be displayed in your browser. Please enable Javascript or try a different browser.View original content on TwitterThe BBC is not responsible for the content of external sites.Skip twitter postThe BBC is not responsible for the content of external sites.Allow Twitter content?
This article contains content provided by Twitter. We ask for your permission before anything is loaded, as they may be using cookies and other technologies. You may want to read Twitter’s cookie policy, external and privacy policy, external before accepting. To view this content choose ‘accept and continue’.
End of twitter post