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U.S. court rules for government over NSA metadata collection program
WASHINGTON (Reuters) - A U.S. appeals court on Friday threw out a judge's ruling that would have blocked the National Security Agency from collecting phone metadata if it had gone into effect. The U.S. Court of Appeals for the District of Columbia Circuit said there were not sufficient grounds for the preliminary injunction imposed by the lower court. The law in question expired in June and has since been amended by Congress. (Reporting by Lawrence Hurley; Editing by Susan Heavey)
Fri, 28 Aug 2015 10:31:42 -0400
Pentagon teams up with Apple, Boeing to develop wearable tech
By David Alexander NEWPORT BEACH, Calif. (Reuters) - The Pentagon is teaming up with Apple, Boeing, Harvard and others to develop high-tech sensory gear flexible enough to be worn by people or molded onto the outside of a jet. The rapid development of new technologies is forcing the Pentagon to seek partnerships with the private sector rather than developing its technology itself, defense officials say. "I've been pushing the Pentagon to think outside our five-sided box and invest in innovation here in Silicon Valley and in tech communities across the country," Defense Secretary Ash Carter said in prepared remarks on Friday.
Fri, 28 Aug 2015 06:35:27 -0400
Russia's MTS teams up with Google to promote mobile Internet
Russia's biggest mobile phone operator MTS said on Friday it had teamed up with Google Inc to help grow the use of mobile Internet and will get a share of the search site's advertising revenues in Russia. Under a strategic agreement, MTS will feature Google's voice search in its ad campaigns and retail stores, and a relevant application will be pre-installed on the main screen of Google's Android-based smartphones sold in the MTS retail chain. "MTS will share with Google the cost of mobile Internet promotion and get money from Google's search services under a revenue-sharing scheme," an MTS spokesman said.
Fri, 28 Aug 2015 08:13:54 -0400
Investors still in the dark as cyber threat grows
By Simon Jessop and Ross Kerber LONDON/BOSTON (Reuters) - Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem. Banks have led the way in developing cyber defenses and some top fund managers have ramped up pressure on companies to do more, but the broader picture is less encouraging. "I don't see any visible stand asset managers are taking, like they do on other social responsibility items," said Malcolm Harkins, information security chief at U.S. cyber security start-up Cylance Inc. The soft underbelly of companies outside the banking sector was exposed again this month when hackers leaked details of nearly 37 million clients of Ashley Madison.
Fri, 28 Aug 2015 09:42:17 -0400
Uber China closes $1 billion fundraising round: sources
By Paul Carsten and Engen Tham BEIJING/SHANGHAI (Reuters) - Uber Technologies Inc's China arm has closed its $1 billion fundraising round early, according to two people with knowledge of the matter, with investors still hopeful for the U.S.-based ride service despite strong domestic competition. Investors in Uber's Chinese unit include Internet giant Baidu Inc, China CITIC Bank Corp Ltd and China Life Insurance Co Ltd, among others, said one of the people, requesting anonymity because they were not authorized to discuss the matter publicly. Chinese financial conglomerate Ping An Group's investment arm and Hillhouse Capital, which has a stake in the main U.S.-based Uber business, also took part, the person said.
Fri, 28 Aug 2015 02:28:24 -0400
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