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Technology News
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Disney, Microsoft among possible Twitter suitors: reports

A 3D-printed logo for Twitter is seen in this picture illustration made in Zenica(Reuters) - Walt Disney Co and Microsoft Corp join a list of potential suitors for Twitter Inc, according to media reports on Monday. Twitter shares were up 2.23 percent at $23.36 in after-market trading. The microblogging service has reportedly started talks with a number of technology companies to sell itself, including Google parent Alphabet Inc and may receive a formal bid soon.

Mon, 26 Sep 2016 16:22:03 -0400
OECD official says EU Apple ruling not precedent for future tax cases

Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, CorkA multi-billion euro back tax bill handed to Apple by the European Commission should not be seen as a precedent for future tax cases as it was based on state aid rather than tax law, the OECD official spearheading global tax reform said on Monday. European Union antitrust regulators last month ordered Apple to pay up to 13 billion euros ($14.6 billion) in back taxes to the Irish government after ruling that a special scheme to route profits through Ireland constituted illegal state aid. Pascal Saint-Amans, who is leading the Organisation for Economic Co-operation and Development's flagship Base Erosion and Profit Shifting (BEPS) project, said that under the new OECD rules, most of the tax from U.S. technology multinationals like Apple should be due in the United States, not Ireland.

Mon, 26 Sep 2016 14:55:02 -0400
Senator seeks SEC probe of Yahoo disclosure on hacking

File photo of a man walking past a Yahoo logo during the Mobile World Congress in BarcelonaBy Dustin Volz WASHINGTON (Reuters) - Democratic Senator Mark Warner on Monday asked the U.S. Securities and Exchange Commission to investigate whether Yahoo and its senior executives fulfilled obligations to inform investors and the public about a hacking attack affecting 500 million user accounts. "Disclosure is the foundation of federal securities laws, and public companies are required to disclose material events that shareholders should know about," Warner said in a letter to SEC Chairwoman Mary Jo White. Yahoo has faced pointed questions about exactly when it knew about the 2014 cyber attack announced last week that exposed the email credentials of half a billion accounts, a critical issue for the company as it seeks to prevent the breach from affecting a pending takeover of its core business by Verizon Inc .

Mon, 26 Sep 2016 14:08:48 -0400
SWIFT says bank hacks set to increase

Photo illustration of the SWIFT logoBy Tom Bergin GENEVA (Reuters) - SWIFT, whose messaging network is used by banks to send payment instructions worth trillions of dollars each day, said three clients were hacked over the summer and cyber attacks on banks are set to increase. The theft of $81 million in February from Bangladesh's central bank using SWIFT messages rocked faith in the system whose messages had, until then, been accepted at face value. SWIFT Chief Executive Gottfried Leibbrandt told the Sibos conference in Geneva on Monday that hackers breached the systems of two banks over the summer and a third bank repelled an attack before fraudulent SWIFT messages could be sent.

Mon, 26 Sep 2016 12:23:10 -0400
Germany seeking comprehensive 5G mobile network: report

Inside the new satellite facility for Munich Airport's Terminal 2Germany wants to become the first country to set up a comprehensive 5G mobile network, the Frankfurter Allgemeine Zeitung quoted digital infrastructure minister Alexander Dobrindt as saying in Tuesday's editions. "We want Germany to be the leading market for 5G and the first country that will have a blanket 5G network," the newspaper quoted Dobrindt as saying. The new 5G service will be 10 times faster than the current 4G service.

Mon, 26 Sep 2016 15:37:56 -0400
U.S. regulators accuse Palantir of discrimination against Asians

SAN FRANCISCO (Reuters) - The U.S. Department of Labor on Monday filed an administrative lawsuit against Palantir Technologies, alleging the data analysis company systematically discriminated against Asian job applicants. The lawsuit alleges Palantir routinely eliminated Asian applicants in the resume screening and telephone interview phases, even when they were as qualified as white applicants. (Reporting by Dan Levine, editing by G Crosse)

Mon, 26 Sep 2016 16:09:53 -0400
Harlem is a gangster's paradise in the final Luke Cage trailer

Harlem is a gangster's paradise in the final Luke Cage trailerMarvel's Luke Cage is only days away from its premiere on Netflix, so there's just enough time for one more trailer. In this new spot we get a closer look not at Luke Cage, but his main adversary, Cornell "Cottonmouth" Stokes, played House of Cards alum Mahershala Ali. Cottonmouth is gangster supreme in Harlem, and is clearly as dangerous as he is charismatic.

Mon, 26 Sep 2016 16:15:30 -0400
Googles worst self-driving accident was still a humans fault

Googles worst self-driving accident was still a humans faultGoogle said that one of its self-driving cars was involved in an accident in Mountain View, California last week. In a statement, Google insisted its driverless car was not at fault. According to the Google, the accident occurred when a vehicle heading west on El Camino Real in Mountain View ran a red light and collided with the right side of a Google self-driving vehicle that was traveling northbound on Phyllis Ave. Our light was green for at least six seconds before our car entered the intersection, a spokesperson said.

Mon, 26 Sep 2016 16:03:51 -0400
Disney considering bid for Twitter: report

Twitter has yet to post a profit even after ramping up advertising effortsThe Walt Disney Company is evaluating a potential bid for Twitter, Bloomberg reported on Monday, citing people familiar with the matter. Unconfirmed reports that Twitter is interested in selling itself buoyed the San Francisco-based company's shares at the end of last week, and the stock price rose around a percentage point on Monday as talk of Disney's interest spread. Twitter co-founder and chief executive Jack Dorsey is on the entertainment colossus's board, which could help the service with its push toward using the messaging platform for streaming live video.

Mon, 26 Sep 2016 15:59:56 -0400
Disney is also thinking about buying Twitter

Disney is also thinking about buying TwitterDisney is the latest high-profile name to consider an acquisition offer for Twitter, according to areport today from Bloomberg. While a formal bid has not been placed, Bloomberg says Disney is working with Bank of America to put one together.Just last week, various reports stated Google, Salesforce.com, and Verizon were all interested in potentially placing offers.TechCrunch has also independently confirmed Disney's interest in placing a bid for Twitter, while CNBC reports that Microsoft is also mulling over an offer as well. A Disney deal would make sense.

Mon, 26 Sep 2016 15:46:42 -0400
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