chief-executive

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By Alastair Sharp TORONTO (Reuters) – The chief executive of infidelity website Ashley Madison's parent company Avid Life Media has left, just over a week after hackers leaked data about millions of its clients in a massive cyber assault. Avid Life said on Friday the departure of Noel Biderman was by “mutual agreement” and its existing senior management team would take over until a new CEO is appointed. On Aug. 18, hackers who claimed to be unhappy with its business practices released the Ashley Madison customer data, and police probing the breach said it had sparked extortion attempts and at least two unconfirmed suicides.

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Swatch plans to add to its new smartwatch range, the Swiss watchmaker's chief executive told a newspaper in an interview published on Saturday. The Biel, Switzerland-based company is competing with Apple and other watchmakers in the budding smartwatch market. “Our product is called Touch Zero One and that gives enough room for Zero Five, Zero Nine,” Nick Hayek was quoted as saying by Switzerland's Tages-Anzeiger newspaper.

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By Alastair Sharp and Josephine Mason TORONTO (Reuters) – Emails sent by the founder of infidelity website AshleyMadison.com appear to have been exposed in a second, larger release of data stolen from its parent company, cyber security experts confirmed on Thursday. The data dump by hackers who have attacked the site appears to include email messages linked to Noel Biderman, founder and chief executive officer of its Toronto-based parent company Avid Life Media. In a message accompanying the release, the hackers said: “Hey Noel, you can admit it's real now.” That appeared to be a riposte to the company's initial response to Tuesday's dump that the data may not be authentic.

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Mark Karpeles, the former head of defunct bitcoin exchange Mt. Gox, was arrested on Saturday in connection with the disappearance of hundreds of millions of dollars worth of the virtual currency, Japanese media reports said. The French-born Karpeles, 30, is suspected of falsifying data on the outstanding balance of the exchange, at one point the world's largest hub for trading the digital currency, they added. When it filed for bankruptcy in February 2014, Mt. Gox said 750,000 customer bitcoins and another 100,000 belonging to the exchange were stolen due to a software security flaw.

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Chipmaker Advanced Micro Devices Inc is at the initial stage of reviewing whether to split itself in two or spin off a business, seeking to reverse its fortunes and take on rival Intel Corp, according to three people familiar with the matter. The review highlights Chief Executive Lisa Su's determination to consider every possible option to turn the company around. Su, however, who took over as CEO last October, judged that there is merit for the company to at least consider such a possibility again, the people added.

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By Saqib Iqbal Ahmed NEW YORK (Reuters) – Dick Costolo's decision to step down as Twitter Inc's chief executive last week failed to stem the weeks-long slide in the company's shares, but options traders appear to be betting on a near-term rebound. The stock has shed more than a third of its value since Twitter reported first-quarter results in April. On June 11, Costolo said he would resign as CEO under pressure from investors frustrated by the microblogging company's slow growth, but the move failed to prop up Twitter's shares.

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By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Twitter Inc Chief Executive Officer Dick Costolo abruptly announced he was stepping down on Thursday amid increasing scrutiny of the company's slow user growth and inability to attract advertisers at the same rate as its competitors. Costolo will be replaced by co-founder Jack Dorsey on an interim basis. According to a source familiar with the matter, it was Costolo's decision to leave, and Costolo said he brought it up with the board last year as it began talking about succession planning.

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Canadian e-commerce software maker Shopify Inc's shares rose as much as 69 percent in their U.S. debut, valuing the company at about $2.14 billion. Shopify, which also debuted on the Toronto Stock Exchange on Thursday, is the first Canadian company to be listed on a U.S. exchange this year. Ottawa-based Shopify helps small- and medium-sized retailers set up their online stores for a monthly subscription fee of $29-$179.

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Many of the tech world's top executives filled a 1,700-seat auditorium at Stanford University to commemorate David Goldberg, chief executive of SurveyMonkey. “We had 11 truly joyful years of the deepest love, happiest marriage, and truest partnership that I could imagine,” Sandberg posted on Facebook. On their way out, guests were offered Minnesota Vikings baseball caps as a reminder of the Minneapolis-born Goldberg's lighthearted nature and love of sports, according to a person who attended the service and who declined to be identified.