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Browser startup Vivaldi says it needs 5 million users to turn profit

OSLO (By Joachim Dagenborg, Reuters) – Internet browser Vivaldi, which launched last week, must attract five million monthly users to become profitable, its founder and chief executive said in a Reuters interview. The introduction of Vivaldi version 1.0 follows a 15-month development that cost veteran software maker Jon von Tetzchner around 50 million crowns ($6.07 […]

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Verizon counting on Armstrong as it prepares Yahoo bid

(Reuters) – Verizon is the clear favorite in the upcoming bidding for Yahoo’s core Internet business, according to Wall Street analysts, in large part because the telecommunications company’s efforts to become a force in Internet content have gone relatively well under the leadership of AOL Inc Chief Executive Tim Armstrong. Verizon acquired AOL last June for […]

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Microsoft sues U.S. government over law banning tech firms from telling customers about search warrants

(By Sarah McBride, Reuters) – Microsoft Corp has sued the U.S. government for the right to tell its customers when a federal agency is looking at their emails, the latest in a series of clashes over privacy between the technology industry and Washington. The lawsuit, filed on Wednesday in federal court in the Western District […]

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White House won’t share iPhone unlocking method with FBI or Apple

(Reuters) – The company that helped the FBI unlock a San Bernardino shooter’s iPhone to get data has sole legal ownership of the method, making it highly unlikely the technique will be disclosed by the government to Apple or any other entity, Obama administration sources said this week. The White House has a procedure for […]

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Senate releases draft of controversial encryption bill aimed at Apple

(Reuters) – Two U.S. senators on Wednesday issued a formal draft of a controversial bill that would give courts the power to order technology companies like Apple to help authorities break into encrypted devices or communications for law enforcement or intelligence purposes. The proposal arrives just days after an earlier draft leaked online and drew […]

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Onkyo and others chase Apple’s Beats in the high-resolution audio market

(Reuters) – Mostly young, male audiophiles throng a Singapore hotel ballroom, intently assessing headphones, earbuds and in-ear monitors – priced from $50 to as much as $10,000. Alongside are banks of dedicated digital audio players (DAPs), with an entire wall of the expo showcasing the king of DAPs: iriver. Less than five years ago, the […]

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Tech start-ups snap at the heels of Asian private bankers

SINGAPORE (By Jeremy Wagstaff and Saeed Azhar for Reuters) — Scanning a bank statement into a computer may not sound particularly high-tech, but it’s unsettling some of Asia’s private bankers. By aggregating all the monthly statements mailed to high net worth individuals on the multiple accounts they hold at different institutions, Singapore start-up Mesitis offers […]

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Toyota and Nissan to partner with the Japanese government on intelligent maps

TOKYO (By Minami Funakoshi for Reuters) — Japan’s government and auto giants Toyota Motor Corp Nissan Motor Co will join in an effort to develop intelligent maps by 2018, the Nikkei daily said, as competition heats up to improve the technology key for autonomous driving. Japanese automakers, map-making companies, and the government will get together […]

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Privacy advocates and security experts condemn leaked Senate encryption bill

(Reuters) – Security researchers and civil liberties advocates on Friday condemned draft legislation leaked from the U.S. Senate that would let judges order technology companies to assist law enforcement agencies in breaking into encrypted data. The long-awaited bill is emerging just as the U.S. Justice Department redoubles its efforts to use the courts to force […]

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Judge orders Apple to help FBI unlock iPhone in Massachusetts case

(Reuters) – A U.S. magistrate judge in Boston in February ordered Apple to assist law enforcement officers in examining the iPhone of an alleged gang member, according to a court filing unsealed on Friday. “Reasonable technical assistance consists of, to the extent possible, extracting data from the device, copying the data from the device onto an […]

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Business

Cyber fraudsters reap $2.3 billion through email wire-transfer scams

BOSTON (Reuters) – Businesses have lost billions of dollars to fast-growing scams where fraudsters impersonate company executives in emails that order staff to transfer to accounts controlled by criminals, according to the U.S. Federal Bureau of Investigation. Losses from these scams, which are known as “business email compromise,” totaled more than $2.3 billion from October […]

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Federal judge rejects $12.25 million settlement in Lyft driver class action case

(Reuters) – A federal judge on Thursday rejected a proposed settlement of a class action lawsuit against ride-hailing company Lyft, saying the $12.25 million deal “short-changed” drivers. U.S. District Judge Vince Chhabria said in a San Francisco court filing that the amount “does not fall within the range of reasonableness.” The sticking point, Chhabria said, […]

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Uber agrees to pay $25 million for misleading California customers

(Reuters) – Uber agreed to a $25 million settlement to end a civil lawsuit in California that accused the ride-sharing company of misleading customers about the strength of its background checks on drivers, prosecutors in Los Angeles and San Francisco said on Thursday. Uber must pay $10 million within 60 days, and the remaining $15 […]

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Google reportedly considering an acquisition of Yahoo’s Web business

(Reuters) – Alphabet’s Google unit is mulling a bid for Yahoo’s core business, Bloomberg reported, citing a source. Verizon, which has been rumored to consider bidding for Yahoo, plans to make a first-round bid for the Internet giant’s web business next week, Bloomberg reported, citing people familiar with the matter. (http://bloom.bg/1qwx1W3) AT&T, Comcast and Microsoft are […]

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Google expanding self-driving vehicle testing to Phoenix, Arizona

(By David Shepardson, Reuters) – Alphabet Inc is expanding its testing of self-driving cars to the Phoenix, Arizona metro area, the company said on Thursday, making it the fourth U.S. city to serve as a proving ground for the autonomous vehicles. The company’s Google unit has conducted driverless vehicle testing for six years in Mountain […]

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White House reportedly won’t back encryption bill arising from iPhone case

(Reuters) – The White House is declining to offer public support for draft legislation that would empower judges to require technology companies such as Apple Inc to help law enforcement crack encrypted data, sources familiar with the discussions said. The decision all but assures that the years-long political impasse over encryption will continue even in […]

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How a little-known Australian software firm helped in one of biggest ever document leaks

SYDNEY (By Byron Kaye, Reuters) – Software produced by a little-known Australian developer has helped journalists piece together news leads from the mountains of data found in the contents of the Panama Papers, one of the biggest document leaks in history. Sydney-based Nuix Pty Ltd donated its document analysis program to the International Consortium of […]

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Brocade to buy Ruckus Wireless in $1.5 billion deal

(Reuters) – Network gear maker Brocade Communications Systems Inc said on Monday it would buy Ruckus Wireless Inc in a cash and stock deal worth about $1.5 billion to add Ruckus’s Wi-Fi products to its enterprise networking business. Based on Friday’s closing prices, the deal values Sunnyvale, California-based Ruckus at $14.43 per share, a premium […]

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Reddit change raises alarm about possible U.S. government spying

(Reuters) – Digital privacy advocates and users of Reddit expressed their alarm on Friday over a change in the forum’s transparency report that suggested it may have been asked to give customer data to FBI investigators under a secretive government authority. The annual report lists a variety of requests the site has received for information […]

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