Software security company Symantec Corp is in talks to sell its Veritas data storage business to private equity firm Carlyle Group LP , a person familiar with the matter said on Tuesday. Bloomberg News reported earlier that Symantec was nearing a deal to sell Veritas to Carlyle for between $7 billion and $8 billion, citing people with knowledge of the matter.
Britain and the United States will increase cooperation on cyber security, Prime Minister David Cameron said, setting up “cyber cells” to share intelligence and conduct simulated attacks to test the defences of organisations such as banks. Cameron is on a two-day visit to Washington focused on the economy and security, and is due to have a second meeting with President Barack Obama on Friday at the White House. The cooperation between Britain's GCHQ eavesdropping agency and the U.S. National Security Agency will include joint war games, with the first exercise later this year to involve the Bank of England and commercial banks in both the City of London and Wall Street, the BBC reported.