May 2016

By Tom Bergin and Nathan Layne LONDON/CHICAGO (Reuters) – Shortly after 7 p.m. on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San Francisco-based Wells Fargo to transfer money to bank accounts in Hong Kong. Over 10 days, Wells approved a total of at least 12 transfers of BDA funds requested over the secure SWIFT system. The SWIFT network – which allows banks to process billions of dollars in transfers each day – is considered the backbone of international banking.

By David Shepardson WASHINGTON (Reuters) – Google has no plans to expand its partnership with Fiat Chrysler Automobiles NV to create a self-driving car, the program chief at the Alphabet Inc unit said on Thursday, affirming that the technology company was still in talks with other potential partners. Earlier this month, Google and Fiat Chrysler agreed to work together to build a fleet of 100 self-driving minivans in the most advanced collaboration to date between Silicon Valley and a traditional carmaker. Google said it was not sharing proprietary self-driving vehicle technology with Fiat Chrysler, and that the vehicles would not be offered for sale.

By Yasmeen Abutaleb and Dustin Volz WASHINGTON (Reuters) – As Facebook Inc Chief Executive Mark Zuckerberg prepares to meet conservative leaders on Wednesday to discuss allegations about political bias at the social media website, one thing he may not have to worry about is federal regulation. Although the U.S. Senate committee is investigating whether there is liberal bias in how Facebook employees select news stories for its “trending topics,” there is little chance the government will try to regulate their practices, said Republican Senator John Thune, chairman of the Senate Commerce Committee. “I don't have any reason to believe that would be necessary,” Thune told reporters on Tuesday.

(Reuters) – Twitter Inc users will soon have more flexibility in writing tweets because the company plans to stop including photos and links as part of its 140-character limit, according to a Bloomberg report. Months earlier, Twitter Chief Executive Jack Dorsey said the company would simplify its product in an effort to attract new users. “We think there's a lot of opportunity in our product to fix some broken windows that we know are inhibiting growth,” Dorsey said during a February earnings call.

By Deborah M. Todd SAN FRANCISCO (Reuters) – Warren Buffett struck media gold with a 2012 investment in debt-laden Media General Inc. Now the famed investor may try to reprise that success by supporting a bid for Yahoo Inc's Internet assets. The Berkshire Hathaway Inc chairman is backing a consortium that includes Quicken Loans Inc founder Dan Gilbert, that is seeking to buy Yahoo's online portfolio, Reuters reported on Friday. The consortium is in the second round of bidding in the auction for Yahoo's assets, people familiar with the matter said.

By Alexandria Sage and Julia Love SAN FRANCISCO (Reuters) – Apple Inc's $1 billion investment in Chinese ride sharing company Didi Chuxing intensifies a race to acquire technology, talent and market access in a rapidly evolving global personal transportation market. Apple's investment comes as auto and technology industry executives and investors are placing bets that self-driving car systems, electric vehicles and ride sharing will eventually converge to allow companies to sell rides in self-driving vehicles, generating revenue day and night.

Two reasons to go with local hosting

Written by Rack Alley There are a lot of ways to host your website online. You get shared hosting, dedicated server hosting. There are also cloud based provides like Azure […]

By Rory Carroll NORTH LAS VEGAS, Nev. (Reuters) – A car-sized sled powered by electromagnets rocketed to more than 100 miles (160 kph) an hour through the Nevada desert on Wednesday in what the Los Angeles company developing the technology said was the first successful test of a futurist transit system called hyperloop. Hyperloop One is among several companies competing to bring to life a technical vision by Elon Musk, the founder of rocket maker SpaceX and electric car company Tesla Motors, who suggested sending pods holding passengers and cargo inside giant vacuum tubes between Los Angeles and San Francisco.

By Dan Levine SAN FRANCISCO (Reuters) – Oracle Corp and Google faced off on Tuesday in a $9 billion intellectual property retrial, with Oracle accusing Google of stealing programming to become the world’s leading smartphone player and Google saying it acted legally as a true innovator. Oracle claims Google's Android smartphone operating system violated its copyright on parts of the Java programming language, while Alphabet Inc's Google says it should be able to use Java without paying a fee under the fair-use provision of copyright law.