Yahoo Says 1 Billion User Accounts Were Hacked – The New York Times

A Yahoo conference last year. The company said it discovered a 2013 attack after analyzing files provided by law enforcement. Credit Victor J. Blue/Bloomberg SAN FRANCISCO — Yahoo, already reeling from its September disclosure that 500 million user accounts had been hacked in 2014, disclosed Wednesday that a different attack in 2013 compromised more than […]

Mergers Raise Prices, Not Efficiency – Bloomberg View

  Economies need competition to work. Almost all basic economic theories, including supply and demand itself, rely on the assumption that companies lower prices to undercut the competition whenever possible. If sellers can set whatever prices they like, that’s a monopoly. And as any good Econ 101 class will teach you, monopolies hold production below […]