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China Future Mobility Corp Nissan Motor Co president Tech Top News 

China e-car newcomer Future Mobility raises $200M in new financing

August 16, 2017 BEIJING (Reuters) – A Chinese-funded electric-car startup Future Mobility Corp, led by former BMW and Nissan Motor Co sales executive as president and co-founder, has raised $200 million in its latest round of financing. Daniel Kirchert, Future Mobility’s president, told Reuters in an interview main investors in its new financing round include Fullshare Holdings Ltd and Zijin Venture Capital. He said most of the money will be used for product development. Future Mobility has said it plans to launch three models. The first, a premium midsize crossover…

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case lawsuit Supreme Court Tech Top News U.S. 

Lawsuit over false online data revived after U.S. top court review

August 15, 2017 By Jonathan Stempel NEW YORK (Reuters) – A federal appeals court on Tuesday revived a California man’s lawsuit accusing Spokeo Inc of publishing an online profile about him that was filled with mistakes. The 9th U.S. Circuit Court of Appeals ruled 3-0 in favor of Thomas Robins, 15 months after the U.S. Supreme Court asked it to more closely assess whether he suffered the “concrete and particularized” injury needed to justify a lawsuit. Spokeo sells data aggregated from various databases to users including employers and people seeking…

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government Michigan Supreme Court Tech Top News United States 

Tech companies urge Supreme Court to boost cellphone privacy

August 15, 2017 By Andrew Chung WASHINGTON (Reuters) – More than a dozen high technology companies and the biggest wireless operator in the United States, Verizon Communications Inc , have called on the U.S. Supreme Court to make it harder for government officials to access individuals’ sensitive cellphone data. The companies filed a 44-page brief with the court on Monday night in a high-profile dispute over whether police should have to get a warrant before obtaining data that could reveal a cellphone user’s whereabouts. Signed by some of Silicon Valley’s…

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Heather Heyer Tech Top News Twitter violence Virginia 

Tech companies in the crosshairs on white supremacy and free speech

August 15, 2017 By Jim Finkle and Salvador Rodriguez TORONTO/SAN FRANCISCO (Reuters) – The neo-Nazi website Daily Stormer had its internet domain registration revoked twice in less than 24 hours in the wake of the weekend violence in Charlottesville, Virginia, part of a broad move by the tech industry in recent months to take a stronger hand in policing online hate-speech and incitements to violence. GoDaddy Inc, which manages internet names and registrations, disclosed late on Sunday via Twitter that it had given Daily Stormer 24 hours to move its…

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Heather Heyer Tech Top News Twitter violence Virginia 

Tech companies in the crosshairs on white supremacy and free speech

August 15, 2017 By Jim Finkle and Salvador Rodriguez TORONTO/SAN FRANCISCO (Reuters) – The neo-Nazi website Daily Stormer had its internet domain registration revoked twice in less than 24 hours in the wake of the weekend violence in Charlottesville, Virginia, part of a broad move by the tech industry in recent months to take a stronger hand in policing online hate-speech and incitements to violence. GoDaddy Inc, which manages internet names and registrations, disclosed late on Sunday via Twitter that it had given Daily Stormer 24 hours to move its…

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Howard Hughes industry replacement Tech Top News Toyota Motor Corp 

Tougher than steel: Japan looks to wood pulp to make lighter auto parts

August 14, 2017 By Naomi Tajitsu and Maki Shiraki KYOTO, Japan (Reuters) – The global push among carmakers to make ever lighter vehicles is leading some auto suppliers in Japan to turn to what seems like an unlikely substitute for steel – wood. Japanese researchers and auto component makers say a material made from wood pulp weighs just one fifth of steel and can be five times stronger. The material – cellulose nanofibers – could become a viable alternative to steel in the decades ahead, they say, although it faces…

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attack bank Marcus Hutchins month Tech Top News 

British cyber researcher pleads not guilty to U.S. hacking charges

August 14, 2017 By Dustin Volz SAN FRANCISCO (Reuters) – British cyber security researcher Marcus Hutchins pleaded not guilty on Monday to federal charges he built and sold malicious code used to steal banking credentials. Hutchins, 23, rose to overnight fame within the hacker community in May when he helped defang the global “WannaCry” ransomware attack, which infected hundreds of thousands of computers in May and caused disruptions at factories, hospitals, shops and schools in more than 150 countries. He was arrested earlier this month in Las Vegas on unrelated…

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CEO Etisalat Nigeria Tech Top News UBA Zenith Bank 

Zenith Bank makes provision on 30 percent of its 9mobile loan: CEO

August 14, 2017 By Oludare Mayowa LAGOS (Reuters) – Nigeria’s Zenith Bank has made a provision on 30 percent of its loan to 9mobile, the country’s fourth largest telecoms group formerly known as Etisalat Nigeria, the bank’s chief executive said on Monday. “We have taken about 30 percent … as a provision which we believe is very prudent as the company is undergoing restructuring … to prepare for a new investor,” CEO Peter Amangbo told a conference call. Nigerian regulators stepped in last month to save Etisalat Nigeria from collapse…

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cable channel email HBO Tech Top News 

HBO offered $250,000 to hackers in bid to delay data release

August 12, 2017 By Jessica Toonkel (Reuters) – Time Warner Inc’s HBO network last month offered $250,000 to cyber criminals who hacked into its computer system, asking them to extend a deadline for paying a much larger ransom, according to an email reviewed by Reuters. “You have the advantage of having surprised us,” a member of HBO’s technology team said in the July 27 email. “In the spirit of professional cooperation, we are asking you to extend your deadline for one week.” The attack came at a sensitive time for…

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Business Dreamworks Animation service Star Wars Tech Top News 

Netflix discussing keeping Disney’s Marvel, ‘Star Wars’ films

August 11, 2017 By Lisa Richwine LOS ANGELES (Reuters) – Netflix Inc is in “active discussions” with Walt Disney Co about keeping Marvel and “Star Wars” films after 2019, when new Disney and Pixar movies will stop appearing on the streaming service, a senior executive said late on Thursday. Disney announced on Tuesday that it was pulling new Disney and Pixar films from Netflix, starting with new releases in 2019. It will start putting the movies on a new Disney-branded online service that year. Disney Chief Executive Officer Bob Iger…

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