Reuters - Technology Report

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Thursday, July 2, 2015

Intel President Renée James to step down in January

(Reuters) - Intel Corp President Renée James will step down in January to pursue an external chief executive role, Intel Chief Executive Brian Krzanich said in a statement.

GAO sees room for improvement in bank cyber security exams

(Reuters) - U.S. banking regulators must hire and train more examiners with technology expertise so they can give more useful cyber security recommendations to small and mid-sized banks, a federal watchdog agency has warned.

Yelp temporarily decides not to pursue a sale: Bloomberg

(Reuters) - Yelp Inc, operator of consumer review website yelp.com, had temporarily decided not to pursue a sale, Bloomberg reported, citing people with knowledge of the matter.

STMicro signs $500 million supply deal with China's Huawei

TOULOUSE, France (Reuters) - French microchip maker STMicro signed a $500 million with China's Huawei on Thursday to bolster its supply relationship with the Chinese telecom equipment provider, the French government said in a statement.

Xiaomi books 1H sales fall, putting full-year goal in doubt

BEIJING (Reuters) - China's top smartphone maker Xiaomi Inc on Thursday reported semi-annual sales that for the first time were lower than the previous six months, jeopardising its full-year target and hinting at a slowdown in its mainstay domestic market.

Brazil's Rousseff tops off U.S. tour with Silicon Valley visit

SAN FRANCISCO (Reuters) - Brazil's President Dilma Rousseff capped off her U.S. tour on Wednesday with a visit to Silicon Valley, where she met with top technology executives and took a ride in Google Inc's self-driving car.

Former U.S. agent pleads guilty to bitcoin theft in Silk Road probe

SAN FRANCISCO (Reuters) - A former federal agent pleaded guilty on Wednesday to stealing bitcoins during the government's investigation of Silk Road, and to secretly soliciting payment from the operator of the online black market for information on its probe.

Amadeus to buy Navitaire from Accenture for $830 million

(Reuters) - Spanish travel technology company Amadeus said it would buy Navitaire, a subsidiary of Accenture Plc , for $830 million, to focus mainly on digital services for airline passengers.

Donald Trump's hotel collection under possible credit card breach: blog

(Reuters) - Real estate developer Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, could be the latest victim of credit card breach, KrebsonSecurity reported, citing data shared by several U.S.-based banks.

Visa joins MasterCard, AmEx in ending use for Backpage sex ads

CHICAGO (Reuters) - Visa Inc said on Wednesday it is joining MasterCard Inc and American Express Co in barring its credit cards from being used to pay for ads on Backpage.com following a request from a Chicago sheriff who said the site is used by sex traffickers.