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Japan month Nissan Motor Co Romania Tech Top News 

Honda halts Japan car plant after WannaCry virus hits computer network

June 21, 2017 TOKYO (Reuters) – Honda Motor Co said on Wednesday it halted production at a domestic vehicle plant for a day this week after finding the WannaCry ransomware that struck globally last month in its computer network. The automaker shut production on Monday at its Sayama plant, northwest of Tokyo, which produces models including the Accord sedan, Odyssey Minivan and Step Wagon compact multipurpose vehicle and has a daily output of around 1,000 vehicles. Honda discovered on Sunday that the virus had affected networks across Japan, North America,…

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CRV increase Spark Capital Startup Cybereason Tech Top News 

Startup Cybereason raises $100 million from SoftBank

June 21, 2017 (Reuters) – Cybereason said on Wednesday it received $100 million in investment from its biggest investor SoftBank Corp, as the cybersecurity-focused startup looks to develop new technologies and increase distribution channels. SoftBank, a subsidiary of SoftBank Group Corp, is also one of Cybereason’s biggest customer and distribution partner. Following the latest financing, Cybereason has raised a total of $189 million in capital from CRV, Spark Capital, Lockheed Martin and SoftBank since its inception in 2012. The Boston, Massachusetts-based firm’s products are used by companies to protect their…

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broadband FCC government President Donald Trump Tech Top News 

Trump to meet with top executives on wireless tech, drones

June 20, 2017 By David Shepardson WASHINGTON (Reuters) – U.S. President Donald Trump will discuss advanced wireless technologies and drones on Thursday with top executives at AT&T Inc, Verizon Communications Inc, T-Mobile US Inc and other firms, focusing on how government can create the right environment for breakthroughs. AT&T Chief Executive Randall Stephenson, Sprint CEO Marcelo Claure and CenturyLink Inc CEO Glen Post will be among the executives discussing advanced technologies such as unmanned aerial vehicles, or drones, 5G wireless technologies and universal broadband, officials said. White House press secretary…

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cyber investigating italy security Tech Top News 

Italy investigates foreign ministry hacking attempt

June 20, 2017 ROME (Reuters) – Italy’s foreign ministry said on Tuesday it was investigating a hacking attempt, after a group calling itself Anonymous published what it said was stolen ministry data. A site called carried a blog post titled “Foreign Affairs Ministry You Have Been Hacked” addressed to Foreign Minister Angelino Alfano and the head of the national magistrates association. “Regarding the attempted hack of the ministry’s website, a legal complaint has been lodged and investigations are now underway,” the ministry said in a statement. “We hope the…

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Business Japan Makiko Yamazaki Tech Top News Western Digital Corp 

Toshiba to pick government-led Japan-U.S.-Korea group to buy chips unit-source

June 20, 2017 By Taro Fuse and Kentaro Hamada TOKYO (Reuters) – Embattled Toshiba Corp will pick a Japanese government-led group of Japanese, U.S. and South Korean firms and funds to buy the conglomerate’s semiconductor business, two people briefed on the matter said on Tuesday. The consortium, whose bid clears Toshiba’s 2 trillion yen ($18 billion) minimum, has been seen as one of the strongest suitors for the unit – the world’s No. 2 producer of NAND chips – as it would automatically have the government’s stamp of approval, other…

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Bengaluru Editing DNA IPO singapore Tech Top News 

Genealogy website files for confidential IPO

June 20, 2017 (Reuters) – Genealogy website Inc on Monday said it had confidentially submitted a draft registration statement on a proposed initial public offering (IPO) to the U.S. Securities and Exchange Commission. The Lehi, Utah-based company did not disclose the number of shares to be offered and the price range for the proposed offering. The website helps people discover their history by tracing their family generations. It also provides personal DNA testing. Last May, said in a statement that U.S. private equity fund Silver Lake and Singapore’s…

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Amazon Whole Foods IPO network Sruthi Shankar Tech Top News 

Blue Apron launches IPO roadshow under shadow of Amazon’s Whole Foods deal

June 19, 2017 By Lauren Hirsch and Sruthi Shankar (Reuters) – Blue Apron Holdings Inc began marketing an initial public offering (IPO) on Monday, as an already competitive meal-kit industry faces a potential threat from Inc’s plan to buy Whole Foods Market Inc. Blue Apron’s up to $510 million IPO will test whether the growth seen by the meal-kit industry’s greatest players will continue to whet investor appetite, even as costs to acquire new customers mount and possible new competitors with established distribution systems appear. Amazon, which said on…

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Britain BT France Orange italy Tech Top News 

France’s Orange to cut stake in BT Group

June 19, 2017 PARIS (Reuters) – French telecoms company Orange plans to reduce its stake in British rival BT Group from 4 percent to as little as 1.33 percent, it said on Monday. Shares in BT, Britain’s biggest telecoms operator, have underperformed those of its European peers of late, falling by about 21 percent since the start of the year after an accounting scandal in Italy forced the group to cut forecasts for the next two years. Orange said in a statement that it plans to initially lower its BT…

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media Snap Inc Tech Time Warner Top News Warner Bros 

Time Warner signs deal to develop shows for Snapchat

June 19, 2017 (Reuters) – Time Warner Inc and Snap Inc said on Monday they had entered into an agreement to develop original shows for messaging service Snapchat over the next two years. The companies did not disclose the financial terms but a source familiar with the matter said the deal was valued at $100 million. As part of the deal, the media company’s HBO, Turner and Warner Bros units will advertise on Snapchat as they try to grab the attention of millennials, who are increasingly moving to mobile and…

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approval Facebook government indonesia Tech Top News 

Facebook gets initial approval to set up local unit in Indonesia: source

June 19, 2017 By John Chalmers and Eveline Danubrata JAKARTA (Reuters) – Facebook Inc has received an in-principle approval to set up a domestic unit in Indonesia, said a senior government source from the Southeast Asian nation, home to the social networking giant’s fourth-largest user base. Indonesia has been pushing multinational technology firms to be locally incorporated, arguing that companies such as Alphabet Inc’s Google set up small business entities to provide “auxiliary” services and get away with minimal taxation, while booking most of their revenue from the country elsewhere….

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