tech:

taffy

Hacked AP Twitter Account Sends Stocks Plunging Down Briefly

The Associated Press (AP) Twitter account was compromised on Tuesday. A tweet was published from the @AP handle that said there were two bomb explosions at the White House, and the President injured.  

As a result of the tweet and the panic that followed, in less than five minutes, stocks crashed, wiping off some $136 billion off the S&P, and setting the Dow Jones industrial average plunging down. The market bounced back once the tweet was revealed to be false.

AP confirmed the hack, and says is working to fix the issue. In the meanwhile, the AP Twitter account stands suspended.

Also see:

TransUnion to acquire Neustar for $3.1B

TransUnion has signed a definitive agreement to acquire Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC.

Huvr raises $5M

Huvr, a cloud-based industrial asset management solution company, has raised $5 million.

American Express acquires fintech company Kabbage

American Express has entered into an agreement to acquire Kabbage, a financial technology company that provides cash flow management solutions to small businesses.

AP to equip visual journalists globally with Sony imaging products

Sony and The Associated Press (AP) have inked a collaboration that will make Sony the exclusive imaging products and support provider for AP news photographers and video journalists globally.

Equifax acquires Ansonia

Equifax has acquired Ansonia, a provider of business credit, collections, and account receivable data used by financial institutions, creditors, and businesses focused on the transportation and logistics industries.