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Murray disappointed over Scottish independence Twitter row
Tue, 23 Sep 2014 06:36:30 -0400

Murray of Britain returns a shot to Djokovic of Serbia during their quarter-final men's singles match at the 2014 U.S. Open tennis tournament in New YorkLONDON (Reuters) - Former Wimbledon champion Andy Murray, who was abused on social media for tweeting his support for Scottish independence last week, was disappointed over the matter but did not "regret giving an opinion" he told the BBC on Tuesday. The 27-year-old Scot tweeted his support for the Yes campaign a few hours before the polls opened last Thursday, but told the BBC he thought the United Kingdom was now going to be stronger after Scottish voters rejected independence. ...


Facebook to introduce new advertising platform : WSJ
Mon, 22 Sep 2014 20:32:25 -0400

A portrait of the Facebook logo in Ventura(Reuters) - Facebook Inc is set to unveil a new advertising platform to improve effectiveness of online ads, the Wall Street Journal reported on Monday citing people with knowledge of the matter. The product is a redesigned version of Atlas Advertiser Suite, an ad management and measurement platform that Facebook bought from Microsoft Corp last year. It is expected to help marketers target Facebook users more effectively by measuring which users have seen, interacted or acted upon ads that appear on Facebook's services and on third-party websites and apps. ...


ARM CEO defends chip technology connected to Nvidia legal fight
Mon, 22 Sep 2014 19:37:38 -0400

By Noel Randewich SAN JOSE Calif. (Reuters) - ARM Holdings Chief Executive Officer Simon Segars on Monday defended the British chip designer's smartphone graphics technology connected to a patent suit by Nvidia Corp against Samsung Electronics and Qualcomm. This month, Nvidia said it was suing rival Qualcomm and Samsung Electronics, accusing both companies of infringing its property patents on graphics chip technology. Nvidia said Samsung devices made with graphics technology from ARM, Qualcomm and Imagination Technologies illegally use its intellectual property, or IP. "We stand behind our ...

Home rum? Online booze delivery service thrives in Cincinnati
Mon, 22 Sep 2014 17:58:37 -0400

To match feature ALCOHOLISM/PILLSBy Steve Bittenbender LOUISVILLE Ky. (Reuters) - Less than 10 days after launching in Cincinnati, an online beer run and convenience store service says business is so good, it is looking into expanding into nearby cities in Ohio and Kentucky. Chicago-based Drinkos.com started offering delivery of alcoholic beverages and other party supplies - such as food, ice and tobacco products - in the Cincinnati area on Sept. 13. Customers order booze and smokes on the Drinkos site and they are delivered for a fee. ...


Silver Lake in the lead to acquire Shutterfly -sources
Mon, 22 Sep 2014 13:12:22 -0400

By Nadia Damouni and Greg Roumeliotis NEW YORK (Reuters) - Private equity firm Silver Lake is in advanced talks to acquire online photo-sharing service Shutterfly Inc for at least $2 billion, people familiar with the matter said on Monday. Silver Lake has outbid other buyout firms in an auction for Shutterfly and is now negotiating the terms of an acquisition, the sources said. They cautioned that the talks might not lead to a deal, given Shutterfly's high expectations for a sale price. ...

European banks team up with Europol in cybercrime fightback
Mon, 22 Sep 2014 09:04:13 -0400

A magnifying glass is held in front of a computer screen in this picture illustration taken in BerlinLONDON (Reuters) - Europe's banks have joined forces with Europol's cybercrime unit to try to combat the rising and increasingly sophisticated threat being posed by cyber criminals to financial firms. The European Banking Federation (EBF), which represents about 4,500 banks, and Europol’s European Cybercrime Centre - known as EC3 - said on Monday they had signed a memorandum of understanding to intensify cooperation between law enforcement and the financial sector. Banks are facing frequent attacks from sophisticated hackers. Wall Street bank JP Morgan said last month it was working with U.S. ...


Naver says no 2014 float for Line, clouding deal outlook
Mon, 22 Sep 2014 07:55:41 -0400

The icon of a free communication app "Line" is pictured on an Apple Inc's iPhone in this photo illustration in TokyoBy Se Young Lee SEOUL (Reuters) - Japanese messaging app operator Line Corp will not list this year, its parent Naver Corp said on Monday, having been readying a much-anticipated flotation that a source said could value it at up to $20 billion. South Korea's Naver said the operator of the Line app, first developed to overcome communication problems in Japan after the March 2011 earthquake and tsunami, is still considering whether to seek a listing, either in Japan, the United States, or both, but gave no details on possible timing. ...


Iran prosecutor gives government 30 days to block social media
Sun, 21 Sep 2014 09:50:57 -0400

A screenshot shows the Facebook page of Iran's Supreme Leader Ayatollah KhameneiDUBAI (Reuters) - Iran's hardline judiciary has given the government one month to block WhatsApp and other popular instant messaging services, as pressure mounts on reformist President Hassan Rouhani to scale back his social and political liberalization. In the severest warning yet to Rouhani's one-year-old administration, chief prosecutor Gholam-Hossein Mohseni-Ejei accused Communications Minister Mahmoud Vaezi of failing to unplug social networking sites and apps "with immoral and criminal content. ...


China shuts almost 1.8 million accounts in pornography crackdown: Xinhua
Sat, 20 Sep 2014 00:28:19 -0400

BEIJING (Reuters) - China's Cyperspace Administration has closed nearly 1.8 million accounts on social networking and instant messaging services since it launched its anti-pornography campaign in April, state news agency Xinhua reported on Saturday. The campaign has been focused on shutting down websites showing pornography and services used to solicit prostitution. Most of the accounts closed were associated with microblogs, smart phone app WeChat and the instant messaging service QQ, Xinhua quoted the Cyberspace Administration as saying. ...

Netflix tells Canada regulator it shouldn't subsidize 'old media'
Fri, 19 Sep 2014 17:28:04 -0400

By Alastair Sharp TORONTO (Reuters) - Online video streaming service Netflix Inc told Canada's broadcast regulator on Friday that it opposes paying to support "old media" and its own commercial interests and market dynamics were enough to ensure it distributed Canadian content. The submissions from Netflix came on the last day of a two-week hearing on the future of Canadian television in which the Californian company has been painted as a disruptive threat to the country's established cable and broadcast television interests. ...

White House anti-assault campaign uses stars, sports to reach campuses
Fri, 19 Sep 2014 15:03:46 -0400

U.S. President Barack Obama stands next to Vice President Joseph Biden (L) as he launches the "It's On Us" campaign to help prevent sexual assault on school campuses while in WashingtonBy Susan Heavey WASHINGTON (Reuters) - U.S. President Barack Obama and Vice President Joe Biden, who have long talked about the need to curb sexual assault at universities, got some help on Friday from the people many young adults actually listen to: celebrities and athletes. In its latest effort to help college campuses confront the issue, the White House is relying on a combination of the National Collegiate Athletic Association, social media and star power to spread its message aimed at preventing and coping with such assaults. ...


U.S. judge awards $40.7 million in SEC case over bitcoin Ponzi scheme
Fri, 19 Sep 2014 13:01:44 -0400

The logo of Bitcoin (virtual currency) is pictured on a door in an illustration picture taken at La Maison du Bitcoin in ParisBy Jonathan Stempel (Reuters) - A U.S. federal judge in Texas ordered Bitcoin Savings and Trust and its owner to pay a combined $40.7 million after the Securities and Exchange Commission established that the company, which sold investments using the virtual currency, was a Ponzi scheme. In a decision dated Thursday, U.S. Magistrate Judge Amos Mazzant said Trendon Shavers "knowingly and intentionally" operated his company "as a sham and a Ponzi scheme," misleading investors about the use of their bitcoin, how he would generate promised returns and the safety of their investments. ...


Russia eyes measures to fend off Western Internet threat: Kremlin
Fri, 19 Sep 2014 08:36:43 -0400

A free municipal educational project called "The Krasnoyarsk electronic pensioner" in KrasnoyarskMOSCOW (Reuters) - Russia must think about protecting its Internet against threats from the West, a Kremlin spokesman said on Friday, in comments that one prominent critic said could herald moves to control all web-based data exchanges with the rest of the world. The Kremlin dismisses accusations that it wants to isolate the Russian Internet, repeatedly saying its only concern is to ensure national security, especially as relations with the West have plunged to Cold War lows over Ukraine. ...


Netflix says in talks with potential partners in Belgium
Fri, 19 Sep 2014 07:00:22 -0400

An illustration photo shows the logo of Netflix the American provider of on-demand Internet streaming media in ParisBRUSSELS (Reuters) - U.S. video streaming service Netflix said on Friday it was in talks with cable and telecoms groups to distribute its content in Belgium as it launched its on-demand service in the country. Netflix is talking with telecoms group Belgacom and cable operators, it said, in an effort to mirror distribution deals with Deutsche Telekom in Germany and Bouygues in France. ...


Belgium's Telenet not talking to Netflix over a distribution deal
Fri, 19 Sep 2014 06:40:27 -0400

BRUSSELS (Reuters) - Belgian cable group Telenet said on Friday it was not in talks with Netflix over a possible partnership to distribute the latter's online streaming services. Netflix said earlier on Friday it was in talks with Belgacom and other cable operators to distribute its content in Belgium. "No, we are not in talks at the moment," a Telenet spokesman said. (Reporting by Robert-Jan Bartunek; editing by Philip Blenkinsop)

Qualcomm shows off robot technology, but mum on China dispute
Thu, 18 Sep 2014 17:21:00 -0400

A logo of U.S. chipmaker Qualcomm is seen on the windshield of a car in BeijingBy Noel Randewich SAN FRANCISCO (Reuters) - Qualcomm Inc executives showed off robots made with smartphone technology at an annual developer conference on Thursday, but they steered clear of talking about China, a key growth market where the chipmaker is entangled in an antitrust investigation. With an explosion in smartphones in recent years tapering off, Qualcomm and handset manufacturers are eager to show consumers and investors that they have more innovation in store to drive demand for new devices. ...


San Francisco drag queens meet with Facebook over name policy
Thu, 18 Sep 2014 16:29:57 -0400

The Facebook logo is pictured at the Facebook headquarters in Menlo ParkSAN FRANCISCO (Reuters) - San Francisco drag queens and a city lawmaker met with Facebook on Wednesday demanding the site change its policy banning users from using aliases online, but said they were rebuffed. Facebook, the world's largest social media network, has cracked down on users with fake names. A company spokesman said it had locked scores of accounts in recent weeks, including hundreds owned by lesbian, gay, bisexual and transgender people. ...


Uber must face lawsuit over gratuity charge: court ruling
Thu, 18 Sep 2014 11:53:44 -0400

An illustration picture shows the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi signBy Dan Levine SAN FRANCISCO (Reuters) - A U.S. judge rejected a bid by the online for-hire car service Uber to dismiss a civil lawsuit that accuses the company of charging customers a 20 percent driver gratuity but pocketing most of the additional revenue instead. In a ruling late on Wednesday, U.S. District Judge Edward Chen in San Francisco said Uber must face multiple civil counts, including an allegation the company violated California's unfair competition laws. A company representative could not immediately be reached for comment. San Francisco-based Uber raised $1. ...


Kinnevik CEO sees little risk of tech bubble ahead of Zalando, Rocket floats
Thu, 18 Sep 2014 11:35:09 -0400

By Mia Shanley and Helena Soderpalm STOCKHOLM (Reuters) - Painful memories of the Internet bubble bursting more than a decade ago are likely to cut the risk that tech stocks get too frothy, as newcomers Zalando and Rocket Internet prepare to make market debuts, the head of Sweden's Kinnevik said. The company is the biggest investor in German online fashion retailer Zalando and has an 18.5 percent stake in venture capital company Rocket Internet, which has ambitions to be the largest Internet business outside the United States and China. ...

Stoners get high on love with marijuana dating sites
Thu, 18 Sep 2014 10:10:25 -0400

A young couple share a marijuana jointBy Mary Papenfuss SAN FRANCISCO (Reuters) - Dinner and a movie make for a typical date night but dinner followed by a joint could raise some eyebrows or be a turn-off despite increasing acceptance of marijuana use across the United States. So now, tuned-in stoners and users of medical pot are turning on to dating websites that cater exclusively to tokers or, at the very least, the “cannabis friendly” to avoid experiencing what they describe as all-too-frequent shock and rejection on the dating circuit. ...


Chinese hacked U.S. military contractors: Senate panel
Thu, 18 Sep 2014 07:08:28 -0400

Illustration file picture shows a man typing on a computer keyboard in WarsawBy Ros Krasny WASHINGTON (Reuters) - Hackers associated with the Chinese government have repeatedly infiltrated the computer systems of U.S. airlines, technology companies and other contractors involved in the movement of U.S. troops and military equipment, a U.S. Senate panel has found. The Senate Armed Services Committee's year-long probe, concluded in March but made public on Wednesday, found the military's U.S. Transportation Command, or Transcom, was aware of only two out of at least 20 such cyber intrusions within a single year. ...


Online volunteers map uncharted Ebola zones to help save lives
Thu, 18 Sep 2014 01:13:15 -0400

By Stella Dawson WASHINGTON (Thomson Reuters Foundation) - Donating to disasters used to mean writing a check to Oxfam or the Red Cross. These days in the Internet age, for the Ebola crisis, citizens from all over the world are donating their time by going online to build maps for relief workers. Call it crowd-sourced cartography that can save lives. ...

Banks spend more on IT, hoping the cloud is silver-lined
Wed, 17 Sep 2014 17:52:24 -0400

A women holds her laptop as she walks in front of a cloud computing logo at the booth of IBM during preparations for the CeBIT trade fair in HanoverBy Tom Miles GENEVA (Reuters) - Two-thirds of banks are planning to spend more on information technology this year, the highest proportion since before the start of the financial crisis, according to an annual survey published on Wednesday. The survey of 198 senior bankers by banking software firm Temenos also found only 11 percent anticipated spending less on IT this year, the lowest since 2008. ...


Top U.S. security threats: lone wolves, Syria fighters : officials
Wed, 17 Sep 2014 16:15:34 -0400

A view is seen of smoke billowing after American air strikes in KhazirBy Doina Chiacu WASHINGTON (Reuters) - Americans radicalized by online propaganda from Islamic State and other militant groups pose the main terrorist threat to the United States, which is especially vulnerable to foreign fighters returning from Syria, senior U.S. security officials said on Wednesday. While there is no evidence that the radical Islamist group plans an attack on U.S. soil, its vigorous propaganda machine and sophisticated online recruitment efforts created a clear potential threat, they said. ...


Air strikes not enough to destroy Islamic State: U.S. general
Wed, 17 Sep 2014 16:15:34 -0400

By Adrian Croft WIESBADEN Germany (Reuters) - Air strikes alone will not be enough to destroy Islamic State fighters in Iraq and Syria, and Baghdad will need training to rebuild ground forces capable of “going after them and rooting them out,” the U.S. Army Chief of Staff said on Wednesday. Three years after U.S. forces pulled out of Iraq, President Barack Obama has ordered air strikes to halt Islamic State fighters who made rapid advances earlier this year as Iraqi forces melted away. General Ray Odierno, who commanded U.S. ...

Chinese hacked U.S. military contractors, Senate panel finds
Wed, 17 Sep 2014 15:56:52 -0400

Illustration file picture shows a man typing on a computer keyboard in WarsawBy Ros Krasny WASHINGTON (Reuters) - Hackers associated with the Chinese government have repeatedly infiltrated the computer systems of U.S. airlines, technology companies and other contractors involved in the movement of U.S. troops and military equipment, a U.S. Senate panel has found. The Senate Armed Services Committee's year-long probe, concluded in March but made public on Wednesday, found the military's U.S. Transportation Command, or Transcom, was aware of only two out of at least 20 such cyber intrusions within a single year. ...


German judge lifts temporary ban on Uber ride-sharing
Wed, 17 Sep 2014 15:30:44 -0400

An illustration picture shows the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi signBy Eric Auchard and Harro Ten Wolde FRANKFURT (Reuters) - A Frankfurt judge granted a reprieve to Uber, the online transportation service, setting aside a temporary injunction issued two weeks ago against the Silicon Valley company from operating a novel car-sharing service across Germany. Frankfurt Regional Court Judge Frowin Kurth said on Tuesday that the issues in the case brought against Uber by German taxi operator group Taxi Deutschland deserved a fuller airing in court, but lacked the urgency for a temporary injunction. ...


Source denies report that IAC offered to buy Israel’s Perion
Wed, 17 Sep 2014 13:53:22 -0400

JERUSALEM (Reuters) - An Israeli financial news website on Wednesday reported that New York-based media and Internet company IAC/Interactive Corp has offered to buy Israel-based Perion Network, but a source with knowledge of the matter later said the report was untrue. Israel's Calcalist, quoting unnamed market sources, said that IAC has offered more than $500 million for Perion, whose technology helps developers distribute apps and make money off them through advertising. IAC had no official comment, and an official at Perion also said the company was not commenting on the report. ...

Germany to toughen penalties against child porn
Wed, 17 Sep 2014 12:53:01 -0400

BERLIN (Reuters) - Germany is seeking to widen its definition of child pornography and jail people for up to three years for owning or trading photographs of naked children that are considered pornographic, according to a new draft law. "The new rules will improve the protection of victims of sexual offences," said Justice Minister Heiko Maas, presenting the bill which was approved by the cabinet on Wednesday. "Child pornography is sexual abuse. Children are not able to defend themselves against such violence and are traumatized," he said. ...

Tiger Global leads $60 million investment in India's Quikr
Wed, 17 Sep 2014 11:26:25 -0400

MUMBAI (Reuters) - Indian online classifieds portal Quikr has secured $60 million from backers led by U.S. investor Tiger Global Management LLC to boost product development and expand its mobile business, the company said on Wednesday. Indian online businesses, especially e-retailers, have been a favorite for global investors who are betting on the segment's growth in a country which already has the world's third-largest population of Internet users, even though less than a fifth of its 1.3 billion people have access to the web. ...

Yelp, TinyCo to settle U.S. charges of improperly collecting kids' data
Wed, 17 Sep 2014 11:24:47 -0400

WASHINGTON (Reuters) - The online review site Yelp and mobile app developer TinyCo have agreed to settle separate charges that they improperly collected children's online information, the U.S. Federal Trade Commission said on Wednesday. Under the terms of the settlements, Yelp will pay a $450,000 civil penalty, while privately held TinyCo will pay a $300,000 civil penalty. The Children’s Online Privacy Protection Act, or COPPA, requires that companies collecting information about children under 13 online follow a number of steps to ensure that children’s information is protected. ...

Scout24 owners set to announce IPO in October: sources
Wed, 17 Sep 2014 11:19:31 -0400

FRANKFURT (Reuters) - The owners of classified ad firm will announce plans in October to list part of their holdings in an initial public offering in Germany, two sources familiar with the transaction said. According to the sources, the owners plan to float about 25 percent of Scout24 shares, with a potential value of 500-700 million euros ($648-907 million). The IPO comes only months after private equity firm Hellman & Friedman and Blackstone closed a deal to acquire a 70 percent stake in Scout24 from Deutsche Telekom for about 1. ...

German brothers to make billions from Rocket e-commerce empire
Wed, 17 Sep 2014 07:09:10 -0400

By Emma Thomasson BERLIN (Reuters) - Oliver Samwer and his brothers Marc and Alexander are on the brink of becoming Germany's newest billionaires with the flotations of Rocket Internet and the European online fashion site Zalando it helped launch in 2008. The sons of a lawyer who encouraged them to read Germany's Handelsblatt finance daily, they want to make Rocket the world's biggest e-commerce platform outside the United States and China by conquering markets that Amazon or Alibaba have yet to dominate. ...

Alibaba options expected to be listed on September 29: exchanges
Wed, 17 Sep 2014 00:30:23 -0400

An employee is seen behind a glass wall with the logo of Alibaba at the company's headquarters on the outskirts of Hangzhou, Zhejiang provinceBy Saqib Iqbal Ahmed NEW YORK (Reuters) - Investors looking to hedge their bets or speculate on the direction of Alibaba Group's stock after its expected public sale of shares on Friday, will be able to trade its options in two weeks, as U.S. options exchanges are expected to list contracts on the company. The Chinese e-commerce company's options will be listed on CBOE Holdings Inc and International Securities Exchange Holdings' options exchanges on Sept. 29, pending the company's public sale of shares this week, the exchanges said on Tuesday. ...


U.S. NSA chief says monitoring tech-savvy Islamic State
Tue, 16 Sep 2014 19:11:19 -0400

NSA Director Adm. Michael Rogers speaks at a Reuters CyberSecurity Summit in WashingtonBy Doina Chiacu WASHINGTON (Reuters) - As U.S. military leaders outlined their strategy before Congress to fight Islamic State militants on the battlefield, the National Security Agency chief said on Tuesday he was watching the media-savvy group's cyber capabilities. Asked whether the Sunni Muslim group was planning cyber attacks on U.S. interests, Admiral Mike Rogers said he could not discuss specifics of the organization's technical capabilities. ...


Alibaba options expected to be listed on Sept. 29: exchanges
Tue, 16 Sep 2014 17:55:57 -0400

An employee is seen behind a glass wall with the logo of Alibaba at the company's headquarters on the outskirts of Hangzhou, Zhejiang provinceBy Saqib Iqbal Ahmed NEW YORK (Reuters) - Investors looking to hedge their bets or speculate on the direction of Alibaba Group's stock after its expected public sale of shares on Friday, will be able to trade its options in two weeks, as U.S. options exchanges are expected to list contracts on the company. The Chinese e-commerce company's options will be listed on CBOE Holdings Inc and International Securities Exchange Holdings' options exchanges on Sept. 29, pending the company's public sale of shares this week, the exchanges said on Tuesday. ...


U.S. court throws out VirnetX $368 million patent award vs Apple
Tue, 16 Sep 2014 14:42:05 -0400

Apple logo is pictured inside the newly opened Omotesando Apple store at a shopping district in TokyoBy Jonathan Stempel (Reuters) - A federal appeals court on Tuesday threw out a jury order requiring Apple Inc to pay VirnetX Holding Corp $368.2 million in damages for infringing four patents concerning technology for providing security over the Internet. Shares of VirnetX plunged as much as 59.8 percent after the U.S. Federal Circuit Court of Appeals in Washington ordered a new trial, and said the damages award was based on defective jury instructions. VirnetX derives most of its revenue from patent licensing. ...


Russia's Mail.Ru ends VKontakte dispute with $1.5 billion deal
Tue, 16 Sep 2014 08:07:06 -0400

Russia's richest man Usmanov attends the annual meeting of the World Economic Forum (WEF) in DavosBy Maria Kiselyova MOSCOW (Reuters) - Mail.Ru Group , majority-owned by Russia's richest man Alisher Usmanov, has resolved a shareholder dispute over the country's biggest social network VKontakte (VK), buying out a rival co-investor for $1.47 billion. The deal could clear the way for a revival of plans for a stock market listing of VKontakte, scrapped in 2012 because of poor market conditions. VK, known as Russia's answer to Facebook , has been the focus of an ownership battle since April 2013 when investment fund United Capital Partners (UCP) bought a 48 percent stake. ...


Deadline near, net neutrality comments top 3 million at U.S. FCC
Mon, 15 Sep 2014 15:12:08 -0400

Federal Communications Commission has received a record 3 million comments from consumers, advocates, companies and lawmakers on proposed new Internet traffic, or "net neutrality," rules as the deadline to formally weigh in approached on Monday. The comments, whose flow has tested and at times overwhelmed the FCC's systems, continued to be received as the deadline for submissions to the official record approached at the end of the day, said FCC spokeswoman Kim Hart. FCC Chairman Tom Wheeler in April revealed his proposal to set new Open Internet rules that regulate how Internet service providers (ISPs) manage traffic on their networks. Under the proposal, ISPs such as Comcast Corp would be prohibited from blocking users' access to websites or applications but could charge content companies, such as Netflix Inc, to ensure quick and reliable delivery of their traffic to users, as long as such deals are deemed "commercially reasonable." Consumer advocates pounced on proposed rules they saw as creating fast and slow "lanes" on the web.

Governments pressure Google for more user information
Mon, 15 Sep 2014 14:07:56 -0400

Google signage seen at the company's offices in New York(Reuters) - Google Inc said it was facing increasing pressure from governments around the world to reveal user information in criminal investigations amid ongoing revelations about national surveillance programs. The number of requests increased 15 percent sequentially in the first half of this year and 150 percent in the last five years, the company said in its semi-annual transparency report on Monday. (http://bit.ly/1saSddE) In the United States, demand for information jumped 19 percent in the first six months of 2014 and more than tripled since 2009, when it started publishing the report. ...



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