By Bill Rigby SAN FRANCISCO (Reuters) – The U.S. Department of Homeland Security is in the final stages of planning to set up a satellite office in California's Silicon Valley, aiming to build relationships with the technology industry and scout for talent there, the department's secretary said on Tuesday
Read moreBy Ryan Vlastelica NEW YORK (Reuters) – The European Union's antitrust probe into Google sparked a big rally in Russian search engine Yandex NV last week, even though the “Russian Google” still faces significant challenges, competitive and otherwise. Yandex has amassed a $6.54 billion market capitalization, mainly by selling advertising against the web browser used on 64 percent of Russian desktop computers. With Russian stocks recovering and the EU looking into whether Google has an unfair competitive advantage, some investors hope Yandex can win more screen space and advertising revenue
Read more(Reuters) – U.S. arms maker Raytheon Co said it would buy cybersecurity provider Websense Inc from private equity firm Vista Equity Partners LLC for $1.9 billion, including debt.
Read moreA unit of People’s Insurance Company of China Co (PICC), one of China’s biggest insurers, has received regulatory approval to set up a third-party payment firm, challenging banks for control of the crucial market. The China Insurance Regulatory Commission said on Monday it granted PICC Life Insurance Co permission to invest 200 million yuan ($32.3 million) to establish a wholly-owned subsidiary, Beijing Baofutong Ltd, according to an online notice posted by the insurance regulator. The PICC unit still requires to get approval from the central bank and comply with legal procedures to set up a third-party payment service, the notice said.
Read moreBy Andrea Shalal COLORADO SPRINGS, Colo. (Reuters) – DigitalGlobe Inc this week unveiled new Web-based tools that could help military troops, relief workers and others use its high-resolution satellite images, social media feeds and other data without needing massive bandwidth. The tools, which are in beta-testing now, give users access to complex data processing done in the cloud, including rapid analysis about everything from helicopter and paratrooper landing sites to social media usage in a specific area
Read moreIndonesian conglomerate Lippo Group has appointed Credit Suisse and Bank of America Merrill Lynch to lead its first round of funding, worth $200 million, for its e-commerce push.
Read moreBy Joseph Menn SAN FRANCISCO (Reuters) – Hackers have managed to penetrate computer networks associated with the Israeli military in an espionage campaign that skillfully packages existing attack software with trick emails, according to security researchers at Blue Coat Systems Inc. The four-month-old effort, most likely by Arabic-speaking programmers, shows how the Middle East continues to be a hotbed for cyber espionage and how widely the ability to carry off such attacks has spread, the researchers said. Waylon Grange, a researcher with the Blue Coat [PRJCBB.UL] who discovered the campaign, said the vast majority of the hackers' software was cobbled together from widely available tools, such as the remote-access Trojan called Poison Ivy.
Read moreBy Keith Coffman DENVER (Reuters) – A Colorado teacher who posted notes from her third grade class online and started a social media whirlwind under the hashtag #IWishMyTeacherKnew said on Friday the assignment had been a revelation for her. Kyle Schwartz, 26, asked the eight- and nine-year-olds at her Denver inner city school to write down something they wished she knew about them, partly as a writing exercise, and partly as a way for her to learn about her pupils. Schwartz, a self-described suburban girl who has taught at southwest Denver’s Doull Elementary for three years, said she has conducted the exercise each year, in part because she wanted to underline the issue of poverty in U.S
Read moreNow, as the company prepares to expand the technology to most of its 2016 U.S. models, GM is lifting the curtain on its digital business strategy
Read moreBy Julia Fioretti BRUSSELS (Reuters) – Internet platforms such as Google, Microsoft and Yahoo! will be the subject of a widespread inquiry by European regulators to determine whether they are transparent enough in how they display search results. In a draft of the Commission's strategy for creating a digital single market, seen by Reuters, it says it will “carry out a comprehensive investigation and consultation on the role of platforms, including the growth of the sharing economy.” The investigation, expected to be carried out next year, will look into the transparency of search results – involving paid for links and advertisements – and how platforms use the information they acquire
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