Monday, February 29, 2016

N.Y. judge backs Apple in encryption fight with government

(Reuters) - The U.S. government cannot force Apple Inc to unlock an iPhone in a New York drug case, a federal judge in Brooklyn said on Monday, a ruling that bolsters the company's arguments in its landmark legal showdown with the Justice Department over encryption and privacy.











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Attorney General Lynch says hopes Apple will comply with court order

WASHINGTON (Reuters) - U.S. Attorney General Loretta Lynch said on Monday that she hopes Apple Inc. will still comply with the court order by a federal judge in California to unlock the iPhone used by one of the San Bernardino shooters.











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Judicial panel members consider legal brief in Apple case: sources

WASHINGTON (Reuters) - Members of the House Judiciary Committee are considering filing a "friend of the court" brief in Apple Inc's [AAPL.O] encryption dispute with the U.S. government to argue that the case should be decided by Congress and not the courts, five sources familiar with the matter said.


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Google says it bears 'some responsibility' after self-driving car hit bus

(Reuters) - Alphabet Inc's Google said on Monday it bears "some responsibility" after one of its self-driving cars struck a municipal bus in a minor crash earlier this month.











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Yahoo estimates $64-78 million restructuring charges, mostly in first quarter

(Reuters) - Yahoo Inc estimated that a plan to cut jobs and other restructuring moves would result in pretax charges of $64 million to $78 million, mostly in the first quarter of 2016.











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Unlocking iPhone would leave millions exposed, Apple to tell Congress

WASHINGTON (Reuters) - Unlocking an iPhone used by one of the San Bernardino shooters would leave hundreds of millions of Apple Inc device owners vulnerable to cybercriminals and other hackers, the company's top lawyer is expected to tell U.S. lawmakers on Tuesday.


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Buffett says owning IBM shares could prove a mistake: CNBC

NEW YORK (Reuters) - Warren Buffett, chairman and chief executive of Berkshire Hathaway Inc , told CNBC on Monday the firm's ownership of IBM  shares could prove a mistake and that he was buying more U.S. stocks overall since the end of last year.


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IBM to purchase cyber security firm Resilient Systems

(Reuters) - IBM Security plans to acquire private cyber security firm Resilient Systems, the computing giant said Monday, as part of a move to expand its role in the incident response market.











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German court fines Facebook $109,000 in dispute over IP license clause

BERLIN (Reuters) - A German court has fined Facebook 100,000 euros ($109,000) for refusing to follow an order to adequately inform users about how it was using their intellectual property, a consumer group said on Monday.


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EU clears Dell's purchase of EMC Corp

BRUSSELS (Reuters) - The European Commission said on Monday it had cleared Dell Inc's planned $67 billion acquisition of data storage company EMC Corp .


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Israeli startup bets on 'smart' satellite antennas for global web access

ROSH HA'AYIN, Israel (Reuters) - Israeli startup Skyfi is looking to outflank Facebook and Google in a race to provide worldwide internet access by developing the first self-correcting antenna that can turn mini-satellites into powerful transmitters covering the globe.


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Alibaba's Ma, Tsai to buy back $500 million in shares

SHANGHAI (Reuters) - Alibaba Group Holding Ltd said on Monday Chairman Jack Ma and Vice Chairman Joe Tsai have agreed to buy back a combined $500 million in company shares, part of a $4 billion stock repurchase scheme announced in August.











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Indonesia says Internet giants need to pay tax or face blockages

JAKARTA (Reuters) - Global Internet-based firms could have their services blocked in Indonesia if they do not obtain "permanent establishment" status in the country and pay Indonesian tax, government officials said on Monday.


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Amazon enters Britain's fresh food market with Morrisons deal​

LONDON (Reuters) - Online retailer Amazon is set to enter the British fresh food market after striking a supply deal with supermarket Morrisons , potentially ramping up competition in the already cut-throat sector.


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Sunday, February 28, 2016

Southeast Asia's white-hot mobile games market to mirror Thai growth slowdown

BANGKOK (Reuters) - The world's hottest region for mobile video games, Southeast Asia, may be set to cool off amid early signs of the curse of makers of titles like "Minecraft" and "Candy Crush Saga" - the prospect of market saturation after a wave of smartphone buying.


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Virtual reality 'heroin cave' aimed at helping addicts kick habit

HOUSTON (Reuters) - Addicts in a new study at the University of Houston will strap on virtual reality headsets and navigate a "heroin cave" to help them try and kick their addictions.











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Sharp liabilities list covered worst-case scenarios: source

TOKYO (Reuters) - Sharp Corp's list of liabilities that prompted Taiwan's Foxconn to suspend signing a takeover deal was an unverified study of worst-case scenario risks, rather than liabilities requiring disclosure, a source briefed on the matter said.


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Saturday, February 27, 2016

United States sets out limits on its spying as part of new data pact with EU

BRUSSELS (Reuters) - The United States has set out limits to its use of data collected in bulk about European citizens after a new information-sharing pact was agreed this month, according to documents seen by Reuters.











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Apple CEO Tim Cook commits to annual dividend raise

(Reuters) - Chief Executive Tim Cook said on Friday Apple Inc is committed to raising its dividend annually, a move designed to please investors but also a sign the world's most famous technology company may no longer be a growth stock.


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Zuckerberg says learned from Germany about defending migrants

BERLIN (Reuters) - Facebook has learned from Germany to include migrants as a class of people that needed to be protected from "hate speech" online, Chief Executive Mark Zuckerberg said on the second day of a visit to Berlin on Friday.











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Friday, February 26, 2016

IRS identifies more cyberattacks to access tax data

(Reuters) - The Internal Revenue Service said on Friday an investigation into a hacking attack revealed in May found that cyber criminals had made attempts to gain access to about 390,000 additional taxpayer accounts.


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University of California notifies 80,000 of cyber attack

SAN FRANCISCO (Reuters) - Officials at the University of California Berkeley said on Friday that they were alerting 80,000 people, including current and former students, faculty and vendors of a cyber attack on a system that stores social security and bank account numbers.


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Starboard's Smith sees 'a lot of opportunity' in Yahoo

BOSTON (Reuters) - Activist hedge fund manager Jeffrey Smith, who has publicly criticized Yahoo Inc Chief Executive Officer Marissa Mayer, said on Friday he sees "a lot of opportunity" in the company.











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Foxconn, Sharp extend takeover talks deadline: source

TOKYO/TAIPEI (Reuters) - Sharp Corp and Foxconn agreed on Friday to extend a deadline for takeover talks by 1-2 weeks, a person familiar with the matter said, after the Taiwanese firm had put the deal on hold to clarify "new material information".


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Automakers would share German electric car incentive plan cost

BERLIN (Reuters) - Germans could get up to 5,000 euros ($5,500) to buy an electric car under government proposals which involve the auto industry shouldering 40 percent of the cost, government sources told Reuters on Friday.


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Samsung wins appeal in patent dispute with Apple

(Reuters) - A U.S. appeals court on Friday overturned a $120 million jury verdict against Samsung, finally handing the South Korean smartphone maker a significant win in its longstanding patent feud with top rival Apple.











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