Category: Biz Tech

NEW DELHI/MUMBAI Apple Inc chief Tim Cook met Prime Minister Narendra Modi on Saturday, concluding a four-day trip to India that could set the stage for Apple's expansion plans in one of the world's fastest growing smartphone markets. Modi and Cook met for an hour in central Delhi and discussed Apple's plans for its India business, including the possibility of manufacturing and retailing in the country. Apple is looking to expand its retail presence in India and is pursuing a license

The logo of Dow Jones Industrial Average stock market index listed company Microsoft (MSFT) is seen in Los Angeles, California, United States, April 22, 2016. Reuters/Lucy Nicholson/Files SAN FRANCISCO With the world growing more concerned about attacks by militant groups on civilians, Microsoft Corp on Friday outlined new policies to crack down what it called "terrorist content" on some of its consumer services. In a blog post, the company said it would ban what it called "terrorist content" on some services such

The BACtrack Skyn wearable alcohol biosensor is seen in an undated handout artist's rendering courtesy of BACtrack. BACtrack/Handout via Reuters SAN FRANCISCO A San Francisco-based company has won a U.S. government-sponsored competition with an alcohol monitoring devices that can be worn on the wrist, the latest milestone in the development of wearable technologies that monitor and diagnose medical conditions. BACtrack, a privately held medical device maker, took the $200,000 top prize in the National Institutes of Health (NIH) Wearable Biosensor Challenge

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo LONDON/CHICAGO Shortly after 7 p.m. on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San Francisco-based Wells Fargo to transfer money to bank accounts in Hong Kong. Wells Fargo complied. Over 10 days, Wells approved a total of at least 12 transfers of BDA funds requested over the secure SWIFT system. The SWIFT network - which allows

Reuters/Kim Hong-Ji/Files SEOUL Samsung Electronics said it had struck a deal with a Alibaba Group Holding for owners of its phones to be able to more easily make payments with Alipay accounts - a move it hopes will boost sales in the world's biggest smartphone market. Users of Samsung Pay will also have the option of paying with their Alipay accounts without having separately access the Alipay application. Alipay, which is operated by Alibaba unit Ant Financial Services Group, has 450 million

Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. Reuters/Mike Segar/File Photo BRUSSELS - EU state aid regulators aim to rule on Amazon's tax deal with Luxembourg by July, two people familiar with the matter said on Thursday, and it may order the country's tax authorities to recover about 400 million euros ($448 million) in back taxes. The European Commission's decision will come after a near-two year investigation into whether a Luxembourg 2003

A security guard keeps watch as he walks past a logo of Google at an exhibition stage during the 4th China (Shanghai) International Technology Fair 2016 in Shanghai, China, April 21, 2016. Reuters/Aly Song WASHINGTON Google has no plans to expand its partnership with Fiat Chrysler Automobiles NV to create a self-driving car, the program chief at the Alphabet Inc unit said on Thursday, affirming that the technology company was still in talks with other potential partners. Earlier this month, Google and

Alibaba Executive Chairman Jack Ma attends the opening ceremony of the second annual World Internet Conference in Wuzhen town of Jiaxing, Zhejiang province, China, December 16, 2015. Reuters/Aly Song/Files SHANGHAI Alibaba Group Holding Ltd's chief Jack Ma has cancelled a speech at an anti-counterfeiting conference in the United States after the trade group behind it suspended the e-commerce giant's recently gained membership. Alibaba has been dogged for years by accusations that its online shopping platforms were conduits for counterfeiters and critics say

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo Major U.S. banks are scrutinizing security of the SWIFT messaging network following cyber attacks in Bangladesh and Vietnam involving fraudulent transfer requests, according to media reports on Tuesday. JPMorgan Chase & Co (JPM.N) has limited SWIFT access to some employees amid questions about the breaches at two Asian banks, The Wall Street Journal reported, citing people familiar with the matter. The actions are not tied to a specific

Reuters/Jim Urquhart/Files   SAN FRANCISCO Republican presidential candidate Donald Trump on Tuesday warned that a dangerous financial bubble has formed in the technology industry - and Silicon Valley responded with a collective eye roll.   In a Reuters interview, the New York billionaire said technology start-ups that had never earned a profit were able to sell shares at very high prices, likening the situation to the overheated stock market in 2007.   "I'm talking about companies that have never made any money, that have a bad

Reuters/Dado Ruvic   Twitter Inc (TWTR.N) users will soon have more flexibility in writing tweets because the company plans to stop including photos and links as part of its 140-character limit, according to a Bloomberg report.   The social media platform has faced stagnant user growth. Months earlier, Twitter Chief Executive Jack Dorsey said the company would simplify its product in an effort to attract new users.   "We think there's a lot of opportunity in our product to fix some broken windows that we know

Warren Buffett's Berkshire Hathaway Inc (BRKa.N) revealed a more than $1 billion stake in Apple Inc (AAPL.O) in a rare foray into the technology sector, which Buffett has largely shunned apart from a poorly performing investment in IBM (IBM.N). Shares of Apple rose 3.7 percent on the news, closing up $3.36 at $93.88. Berkshire made its investment in the first quarter, before the iPhone maker in April reported its first quarterly revenue decline in 13 years. The investment was announced amid

People are silhouetted as they pose with laptops in front of a screen projected with a Google logo, in this picture illustration taken in Zenica October 29, 2014. Reuters/Dado Ruvic/Files SAN FRANCISCO Oracle Corp (ORCL.N) did not acquire Sun Microsystems in 2009 in order to launch a copyright lawsuit against Google, but rather to protect its products that relied on Sun's software, Oracle co-Chief Executive Safra Catz told jurors on Monday. In a trial at San Francisco federal court, Oracle (ORCL.N) claims

Commuters pass by the front of the Bangladesh central bank building in Dhaka March 8, 2016. Reuters/Ashikur Rahman/Files   DHAKA A Bangladesh government-appointed panel investigating the theft of $81 million from the country's central bank has found that SWIFT, the international banking payments network, committed a number of mistakes in connecting up a local network, the panel head said on Sunday.   "We have shown that SWIFT made a number of errors that made it easy for the hackers," Mohammed Farashuddin, a former governor of

A security guard keeps watch as he walks past a logo of Google at an exhibition stage during the 4th China (Shanghai) International Technology Fair 2016 in Shanghai, China, April 21, 2016. Reuters/Aly Song   LONDON Google faces a record antitrust fine of around 3 billion euros ($3.4 billion) from the European Commission in the coming weeks, British newspaper The Sunday Telegraph said.   The European Union has accused Google of promoting its shopping service in Internet searches at the expense of rival services in

  PARIS Three French anti-racism associations said on Sunday they would file legal complaints against social networks Facebook (FB.O), Twitter (TWTR.N) and Google's Youtube (GOOGL.O) for failing to remove "hateful" content posted on their platforms.   French law requires websites to take down racist, homophobic or anti-semitic material and tell authorities about it.   But French Jewish students union UEJF and anti-racism and anti-homophobia campaigners SOS Racisme and SOS Homophobie said the three firms had removed only a fraction of 586 examples of hateful content

Reuters/Denis Balibouse/File photo   SAN FRANCISCO Warren Buffett struck media gold with a 2012 investment in debt-laden Media General Inc. Now the famed investor may try to reprise that success by supporting a bid for Yahoo Inc's Internet assets.   The Berkshire Hathaway Inc chairman is backing a consortium that includes Quicken Loans Inc founder Dan Gilbert, that is seeking to buy Yahoo's online portfolio, Reuters reported on Friday.   The consortium is in the second round of bidding in the auction for Yahoo's assets, people

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo After an $81 million cyber heist at the Bangladesh central bank, the Federal Reserve Bank of New York said there was no problem with its procedures for approving fund transfers, according to a letter released on Friday by a U.S. lawmaker who had questioned those methods. U.S. Representative Carolyn Maloney had called for a probe of the fund transfers triggered by the February cyber attack on

SAN FRANCISCO Apple Inc's (AAPL.O) $1 billion investment in Chinese ride sharing company Didi Chuxing intensifies a race to acquire technology, talent and market access in a rapidly evolving global personal transportation market. Apple's investment comes as auto and technology industry executives and investors are placing bets that self-driving car systems, electric vehicles and ride sharing will eventually converge to allow companies to sell rides in self-driving vehicles, generating revenue day and night. For Apple, Chief Executive Tim Cook said to Reuters

Apple Chief Executive Officer Tim Cook speaks during a event for students to learn to write computer code at the Apple store in the Manhattan borough of New York December 9, 2015. Reuters/Carlo Allegri/Files   Apple Inc said on Thursday it has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that Apple Chief Executive Tim Cook said would help the company better understand the critical Chinese market.   The tech giant's rare investment gives it a stake in two burgeoning waves of

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo SWIFT, the global financial messaging network that banks use to move billions of dollars every day, warned on Thursday of a second malware attack similar to the one that led to February's $81 million cyber heist at the Bangladesh central bank. The second case targeted a commercial bank, SWIFT spokeswoman Natasha de Teran said, without naming it. It was not immediately clear how much money, if

The sun rises behind the entrance sign to Facebook headquarters in Menlo Park before the company's IPO launch, May 18, 2012. Reuters/Beck Diefenbach/File Photo Facebook (FB.O) on Thursday emphasized that it does not permit its employees to block news stories from its "Trending Topics" list based on political bias, amid a controversy over how the social media superpower selects what news it displays. Technology news website Gizmodo on Monday reported that a former Facebook employee said workers "routinely suppressed news stories of

  Reuters/Ralph Orlowski/Files   FRANKFURT The European Central Bank will set up a database to register incidents of cyber crime at commercial banks, aiming to create an early warning and analysis system for big lenders, it told a German newspaper on Thursday.   Attackers earlier this year stole $81 million from a Bangladesh central bank account at the New York Fed in one of the biggest-ever cyber heists, heightening global concerns over cyber security.   The ECB has been running a pilot project since February with 18

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo FRANKFURT SWIFT's payment network was not hacked in the $81 million heist on the Bangladesh central bank earlier this year, SWIFT's chief executive said on Thursday, adding it was unlikely to be the last such attack on a bank. Gottfried Leibbrandt said SWIFT's network, used by firms and institutions across the world to exchange information about financial transactions, had not been violated during the cyber attack,

A man is seen next to a Firefox logo at a Mozilla stand during the Mobile World Congress in Barcelona, February 28, 2013. Reuters/Albert Gea Mozilla Corp has asked a federal judge to order the U.S. government to disclose a vulnerability in its Firefox web browser that the company says the FBI exploited to investigate users of a large and secretive child pornography website. Mozilla filed papers in federal court in Tacoma, Washington, on Wednesday seeking information on a vulnerability in a

Facebook CEO Mark Zuckerberg speaks on stage during the Facebook F8 conference in San Francisco, California April 12, 2016. Reuters/Stephen Lam   A U.S. Senate committee launched an inquiry on Tuesday into how social media website Facebook selects its news stories after a report that company employees blocked news about conservative issues from its "trending" list.   The Senate Committee on Commerce, Science and Transportation asked Facebook Chairman and Chief Executive Mark Zuckerberg in a letter to answer questions about the company's news curation practices

A 3D printed Android logo is seen in front of a displayed cyber code in this illustration taken March 22, 2016. Reuters/Dado Ruvic/Illustration/Files SAN FRANCISCO Oracle Corp and Google faced off on Tuesday in a $9 billion intellectual property retrial, with Oracle accusing Google of stealing programming to become the world’s leading smartphone player and Google saying it acted legally as a true innovator. Oracle claims Google's Android smartphone operating system violated its copyright on parts of the Java programming language, while

Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. Reuters/Mike Segar/File Photo Amazon.com Inc launched a service on Tuesday that allows users to post videos and earn royalties from them, setting up the world's biggest online retailer to compete directly with Alphabet Inc's YouTube. The service, called Amazon Video Direct, will make the uploaded videos available to rent or own, to view free with ads, or be packaged together and offered as an

An Uber car is seen parked with the driver's lunch left on the dashboard in Venice, Los Angeles, California, United States July 15, 2015. Reuters/Lucy Nicholson   SAN FRANCISCO Drivers who worked for ride-hailing service Uber [UBER.UL] in California and Massachusetts over the past seven years would have been entitled to an estimated $730 million in expense reimbursements had they been employees rather than contractors, according to court documents made public on Monday.   The figure was calculated by attorneys for drivers in a class

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo SWIFT on Monday rejected allegations by officials in Bangladesh that technicians with the global messaging system made the nation's central bank more vulnerable to hacking before an $81 million cyber heist in February. The comments were in response to a Reuters story that cited Bangladeshi police and a central bank official as saying that SWIFT technicians introduced security holes into the bank's network while connecting SWIFT

A Facebook logo is pictured on an Apple's Ipad in Bordeaux, southwestern France, March 10, 2016. Reuters/Regis Duvignau/Illustration Facebook (FB.O) workers have often omitted conservative political stories from the website’s "trending" list, the technology news site Gizmodo said on Monday in a report that sparked widespread comment on social media. An unnamed former Facebook employee told Gizmodo that workers "routinely suppressed news stories of interest to conservative readers," according to Gizmodo, while "artificially" adding other stories into the trending list. Facebook told Reuters

Taxi drivers protest against transportation network companies such as Uber and Lyft along with Assembly Bill 2293 at the State Capitol in Sacramento, California, June 25, 2014. Reuters/Max Whittaker/Files   AUSTIN, Texas On-demand ride companies Uber and Lyft suffered an embarrassing defeat in a Saturday election in Austin as voters backed a measure requiring fingerprint background checks for drivers.   The two companies spent more than $8 million to repeal a city ordinance requiring the fingerprint-based criminal checks and launched what turned into the most

Security analyst Rachit Sood (R) registers for the Black Hat USA 2015 cyber security conference in Las Vegas, Nevada August 4, 2015. Reuters/ STEVE MARCUS/Files SAN FRANCISCO A number of young technology security companies are losing access to the largest collection of industry analysis of computer viruses, a setback industry experts say will increase exposure to hackers. The policy change at the information-sharing pioneer VirusTotal takes aim mainly at a new generation of security companies, some with valuations of $1 billion or

The Uber logo is seen on a vehicle near Union Square in San Francisco, California, U.S. May 7, 2015. Reuters/Robert Galbraith/File Photo FRANKFURT Ride-hailing service Uber aims to launch its UberX service, which uses licensed professional drivers, in the German capital Berlin after failing to find enough drivers in some of the country's other cities, Uber's Germany chief Christian Freese told a newspaper. "We are planning to start UberX in Berlin in June," weekly Welt am Sonntag quoted Freese as saying in an