After announcing plans to lay off some 2,000 employees earlier this month, Yahoo has now confirmed that it will be closing or consolidating fifty of its sites, as well as part of its restructuring plan. “Yahoo has been doing way too much for way too long and was only doing a few things really well,” company’s CEO Thompson said during an earnings call. “We...

Foxconn, which is under the news due to allegations of poor working conditions in its factories, is reportedly now the victim of a hacking attack. 9to5mac is reporting that Hacker group name as SwaggSec just released a dump of Faxconn internal information which even includes a mail server login/password dump and logins to various online procurement sites and Intranets. The...