Reuters - Technology Report

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Wednesday, March 29, 2017

Vote to repeal U.S. broadband privacy rules sparks interest in VPNs

(Reuters) - The vote by the U.S. Congress to repeal rules that limit how internet service providers can use customer data has generated renewed interest in an old internet technology: virtual private networks, or VPNs.

A scramble at Cisco exposes uncomfortable truths about U.S. cyber defense

SAN FRANCISCO (Reuters) - When WikiLeaks founder Julian Assange disclosed earlier this month that his anti-secrecy group had obtained CIA tools for hacking into technology products made by U.S. companies, security engineers at Cisco Systems swung into action.

Bangladesh Bank heist was 'state-sponsored': U.S. official

MANILA (Reuters) - The heist of $81 million from the Bangladesh central bank's account at the New York Federal Reserve last year was "state-sponsored," an FBI officer in the Philippines, who has been involved in the investigations, said on Wednesday.

BlackRock cuts fees and jobs; stockpicking goes high-tech

NEW YORK (Reuters) - BlackRock Inc on Tuesday said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on computers to pick stocks in a move that highlights how difficult it has become for humans to beat the market.

Congress sends White House repeal of broadband privacy rules

WASHINGTON (Reuters) - The U.S. House voted on Tuesday 215-205 to repeal regulations requiring internet service providers to do more to protect customers' privacy than websites like Alphabet Inc's Google or Facebook Inc.

SK Hynix consortium bids over $9 billion for Toshiba chip unit: Maeil Business

SEOUL (Reuters) - A consortium led by South Korea's SK Hynix Inc has offered to pay more than $9 billion for a majority stake in Toshiba Corp's memory chip business, the Maeil Business Newspaper reported on Wednesday citing unnamed sources.

Tesla deal boosts Chinese presence in U.S. auto tech

DETROIT (Reuters) - China's Tencent Holdings Ltd has bought a 5 percent stake in U.S. electric car maker Tesla Inc for $1.78 billion, the latest investment by a Chinese internet company in the potentially lucrative market for self-driving vehicles and related services.

Ride-hailing firm Careem on lookout for acquisitions, IPO an option

ABU DHABI (Reuters) - Dubai-based ride-hailing company Careem is looking for acquisition opportunities and is considering an initial public offering as a possible option but has no timeframe in mind, its founder and CEO said.

With new phone due, Samsung dials down on safety message

SEOUL (Reuters) - After the damaging recall of its fire-prone Note 7 smartphone, you could be forgiven for thinking Samsung Electronics Co Ltd would make a song and dance about battery safety in its new flagship phones, due to be launched in the United States on Wednesday.

China telecom firm ZTE removed from U.S. trade blacklist

WASHINGTON (Reuters) - The U.S. Department of Commerce will remove Chinese telecommunications equipment maker ZTE Corp from a trade blacklist on Wednesday after the company pleaded guilty to violating sanctions on Iran and agreed to pay nearly $900 million, the agency said in a notice.