News Posts Archives - Page 61 of 129

EU privacy reform: who pays when the rules are broken?

June 15, 2015 publisher attention, cloud-computing, data-as-well, europe, eventually-drew, international, playa-vista, rules-expected, sap, twitter

By Julia Fioretti BRUSSELS (Reuters) – New European Union data protection rules expected to be agreed on Monday will allow citizens to sue companies that own data as well as those that process it on their behalf, for example cloud computing providers. The new system is opposed by companies such as Germany’s SAP SE, International Business Machines Corp, Cisco Systems Inc and Amazon.com Inc who say it will kill off Europe’s cloud computing industry, as well as introduce uncertainty in business to business relations.

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Tech costs beat regulation, cyber as worries for financial services execs

June 15, 2015 publisher attention, berlin, cloud-computing, europe, hedge-funds, international, new-technology, playa-vista, rules-expected, sap, second-only, seen-as-slow, steal-market, willis

IT costs came second only to macroeconomic concerns such as the impact of quantitative easing, according to the survey by global risk adviser Willis of senior executives at 150 banks, insurers, reinsurers, asset managers, hedge funds and financial technology companies worldwide. “There is a rise of new entrants that are using new technology,” said Mary O'Connor, global head of Willis' financial institutions group. “Banks know they need to respond to that.” Banks and insurers have been seen as slow in responding to new technology, leaving the door open for newcomers to steal market share.

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Google launches a YouTube built for gamers

June 12, 2015 admin amazon-com, bringing-videos, european, european-engineering, gaming, gaming-service, live-streaming, said-on-friday, single-space, various-titles, zurich

(Reuters) – Google Inc said on Friday that it is launching a live streaming gaming service called “YouTube Gaming”, creating a rival to Amazon.com Inc's Twitch service.

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China detains nine for spreading rumors about the military

June 12, 2015 admin been-sentenced, chinese, chinese-people, fleet, friday-some, internet, liberation, military, said-on-friday, stand-on-deck, the-military, were-involved, yemen, zhoushan

Chinese authorities have detained nine people for spreading rumors on the Internet that several military officers were involved in protests and for damaging the military's image, the military's official newspaper said on Friday. Some of them also “demonized the military's image”, it said.

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Court declines to suspend U.S. net neutrality rules

June 11, 2015 publisher authority-over, been-sentenced, court-rejected, district, fleet, friday-some, implementation, internet, said-on-friday, the-military, yemen

By Alina Selyukh WASHINGTON (Reuters) – New U.S. Internet traffic regulations, known as net neutrality rules, will go into effect on Friday after a federal appeals court rejected the telecommunications industry's request to partly suspend their implementation while they are being litigated

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Cyber security measure blocked in Senate

June 11, 2015 publisher against-cyber, binary-code, cyber-security, defense-policy, district, friday-some, internet, national, party-lines, warsaw

The Senate failed on Thursday to advance legislation to strengthen protections against cyber attacks, as Democrats banded together to oppose the measure's inclusion in a defense policy bill President Barack Obama has threatened to veto. By a 56-40 vote, lawmakers decided largely along party lines not to move ahead with the measure as an amendment to the National Defense Authorization Act. It was the third time in three years that the Senate has failed to advance bipartisan cyber security legislation.

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Judge casts doubt on Twitter lawsuit over surveillance

June 11, 2015 publisher binary-code, california, cyber-security, defense-policy, district-judge, francisco, gonzalez-rogers, internet, national, shown-at-its, twitter, usa, warsaw

By Dan Levine SAN FRANCISCO (Reuters) – Twitter Inc's lawsuit against the U.S.

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Oculus debuts consumer version of VR headset, partners with Xbox

June 11, 2015 creative california, francisco, gonzalez-rogers, internet, national, oculus, oculus-chief, oculus-rift, san, speaks-during, start-shipping, thursday, unveiling, warsaw

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Oculus, the virtual reality company owned by Facebook Inc, debuted the much anticipated consumer version of its headset on Thursday and announced a partnership with Microsoft Corp's Xbox One gaming console. A prototype of the Oculus Rift has been available to developers since 2013, but Thursday marked the first time anyone had seen the consumer version, which will be available for pre-order later this year and will start shipping in early 2016

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Facebook shareholders shoot down ‘one share, one vote’ proposal

June 11, 2015 publisher class, common-shares, european-engineering, gaming, investors-own, jpg, news, said-on-friday, single-space, zurich

(Reuters) – A proposal to give Facebook Inc's stockholders one vote per share was rejected at the company's annual meeting, according to preliminary results. The stockholder proposal was filed to change Facebook's voting practices. Ordinary investors own Class A common shares, which provide one vote per share, but Facebook's Class B shares are worth 10 votes each.

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Dataminr finance chief departs unexpectedly: sources

June 11, 2015 admin class, common-shares, dataminr, european-engineering, few-months, gaming, investors-own, its-chief, jpg, lauren-tara, news, single-space, tania, york, zurich

By Lauren Tara LaCapra NEW YORK (Reuters) – Dataminr Inc, a technology company that alerts traders, government officials and journalists to important tweets, has lost its chief financial officer. The abrupt departure of Tania Secor, who had been CFO since November 2013, comes a few months after the company raised a third round of funding from high-profile investors, valuing the company at $700 million.