November 20, 2017 - itbusinessdirect

Germany bans kids’ smartwatches that can be used to eavesdrop

November 20, 2017November 20, 2017

A German regulator has banned domestic sales of children’s smartwatches that have a listening function — warning that parents have been using the devices to secretly eavesdrop on teachers at their kids’ school. In an announcement on Friday, the Federal Network Agency telecoms watchdog said it had already taken action against some online sellers. The target group for the smartwatches are children between the ages of 5 and 12 years. “Via an app, parents can use such children’s watches to listen unnoticed to the child’s environment and they are to be…

Toshiba stock drops on $5 billion share sale plan

November 20, 2017November 30, 2017 Dianne Jacobs

Toshiba’s stock plummeted Monday, after the company announced plans to raise $ 5 billion to avoid being booted off the Tokyo Stock Exchange. Shares in the Japanese firm fell more than 6% in Tokyo, before paring some of those losses to close down 5.8%. The drop comes a day after the troubled conglomerate announced it would sell new shares worth 600 billion yen ($5.4 billion). Toshiba (TOSBF) will issue about 2.3 billion new shares priced at 262.8 yen ($2.35) per share, it said Sunday — about 10% cheaper than Friday’s…