Insurers put food on the table by preparing for disasters that most people would rather not think about: fires, hurricanes, earthquakes, car accidents, collapsing buildings. Now they’re increasingly writing policies for another worry — cyberattacks. One of the many changes brought by the Internet revolution is that stealing customer data or a company’s proprietary information is easier than ever. One doesn’t even need to be on the
Online real estate leader Zillow on Monday confirmed it had reached a deal to buy top rival Trulia, potentially generating savings but worrying real estate agents who fear rising ad costs. Zillow (Z) stock rose to a new high for the third straight day since rumors of the pending acquisition surfaced Thursday. Zillow will buy Trulia (TRLA) in a stock swap originally valued at $3.5 billion. The deal will combine two companies
Baidu delivered much-better-than-expected Q2 earnings late Thursday, fueled by rapid growth in mobile revenue. China’s No. 1 search engine earned $1.73 a share, up 37% vs. a year earlier and the second straight quarter of acceleration. Wall Street had expected $1.32. Revenue climbed to $1.93 billion, up 57% vs. $1.23 billion a year earlier — or 58.5% in local currency. Analysts polled by Thomson Reuters had forecast $1.9