Facebook changes policies on 'Trending Topics' after criticism
By Yasmeen Abutaleb SAN FRANCISCO (Reuters) - Facebook Inc said on Monday that it had changed some of the procedures for its "Trending Topics" section after a news report alleging it suppressed conservative news prompted a U.S. Congressional demand for more transparency. The company said an internal probe showed no evidence of political bias in the selection of news stories for Trending Topics, a feature that is separate from the main "news feed" where most Facebook users get their news. Earlier this month, a former Facebook contractor had accused the company's editors of deliberately suppressing conservative news.
Tue, 24 May 2016 01:17:34 -0400
South Korea's Mando in talks to supply parts for Tesla's Model 3: source
Mando Corp is in talks with Tesla Motors to supply parts for its Model 3 car, a person with direct knowledge of the matter said, seeking to join other South Korean firms supplying components for Tesla's more affordable electric cars. Mando, which makes steering, brake and suspension parts, currently supplies steering racks for Tesla's Model S vehicles. A Tesla spokesperson was not immediately available for comment.
Tue, 24 May 2016 01:41:44 -0400
With HoloLens, Microsoft aims to avoid Google's mistakes
By Sarah McBride SAN FRANCISCO (Reuters) - When Google introduced its Google Glass smart glasses four years ago, it turned to Glass-sporting sky divers buzzing a San Francisco convention center, Glass-adorned models at a glitzy fashion show and a Twitter campaign to notify early "Glass Explorers" of their luck in snagging a pair. This year, when Microsoft showed off an early edition of its HoloLens augmented-reality goggles, it took the opposite approach: targeting the software developers it needs to make the device useful. The discreet launch reflects the daunting hurdles confronting the nascent industry of augmented reality, known in the industry as AR.
Mon, 23 May 2016 09:03:56 -0400
NY lawmaker warns on U.S. financial security after SWIFT attacks
Recent hacks of international banks through the SWIFT messaging system raise serious questions about cyber-related risks to U.S. firms, Representative Carolyn Maloney wrote on Monday in a letter to the country's top banking regulators that asked about measures to strengthen systems' security. Maloney, a Democrat who represents part of Manhattan - home to many people employed in finance and banking - wrote to Federal Reserve Chair Janet Yellen, U.S. Comptroller Thomas Curry and Federal Deposit Insurance Corporation Chairman Martin Gruenberg that she remains "deeply concerned about U.S. banks' exposure to these new, sophisticated cyber attacks." The SWIFT network that allows banks to process billions of dollars in transfers each day is considered the backbone of international banking.
Mon, 23 May 2016 19:01:29 -0400
U.S. consumers buck investors' rush to self-driving cars : study
By Paul Lienert DETROIT (Reuters) - U.S. consumers still resist the notion of self-driving cars, according to a University of Michigan study released on Monday, the latest sign that investors and automakers may be rushing into a business where demand is limited at best. General Motors Co's recent acquisition of Silicon Valley startup Cruise Automation for a reported $1 billion has accelerated a stampede by other automakers, suppliers and venture capital firms looking to invest in or acquire new companies developing self-driving technology. The survey results are consistent with those in a similar survey that the university conducted a year ago and generally mirror the findings in a study that the American Automobile Association released in March.
Mon, 23 May 2016 10:09:40 -0400
SWIFT to unveil new security plan after hackers' heists
By Huw Jones and Tom Bergin LONDON (Reuters) - The SWIFT secure messaging service that underpins international banking said it plans to launch a new security program as it fights to rebuild its reputation in the wake of the Bangladesh Bank heist. The Society for Worldwide Interbank Financial Telecommunication (SWIFT)s chief executive, Gottfried Leibbrandt will tell a financial services conference in Brussels that SWIFT will launch a five-point plan later this week. In February thieves hacked into the SWIFT system of the Bangladesh central bank, sending messages to the Federal Reserve Bank of New York allowing them to steal $81 million.
Mon, 23 May 2016 19:09:18 -0400
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