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Box raises forecast as more customers sign up for cloud storage

(Reuters) – Cloud storage provider Box Inc raised its full-year forecast as more customers subscribed to its content-sharing platform. Source
Posted On 11 Jun 2015

Apple Music cautiously embraced by record industry

SAN FRANCISCO (Reuters) – A decade ago, Apple Inc helped revitalize a music industry hit hard by online piracy with its iTunes Store. Now, amid a steady slump in digital downloads, the industry is hopeful that the tech giant’s new streaming service will give record...
Posted On 11 Jun 2015

EU opens investigation into Amazon’s e-book selling

BRUSSELS (Reuters) – The European Commission opened a formal antitrust investigation into Amazon’s e-book business on Thursday, opening yet another front in mounting EU scrutiny of America’s global tech giants. Source
Posted On 11 Jun 2015

Jakarta’s ill-famed traffic grief to residents but boon for some

JAKARTA (Reuters) – Jakarta’s traffic jams are a constant vexation for the city’s 10 million residents. With the chaos not looking to abate anytime soon, entrepreneurial types have made it their business to help fellow commuters circumvent the world’s...
Posted On 11 Jun 2015

Dozens arrested in European cyber crime sweep: Europol

AMSTERDAM (Reuters) – Police have arrested 49 suspected members of a cyber crime syndicate in Spain, Poland and Italy who are suspected of stealing million of euros from European bank accounts, Europol said on Wednesday. Source
Posted On 10 Jun 2015

AMS shares slide after report firm lost Apple contract

ZURICH (Reuters) – Shares in AMS AG sank on Wednesday following a report in Swiss newspaper Finanz und Wirtschaft that the Swiss-listed sensor manufacturer had lost a key contract with Apple. Source
Posted On 10 Jun 2015

Proxy adviser ISS recommends investors vote against Sharp, Sony CEOs at AGMs

TOKYO (Reuters) – Proxy investment adviser ISS advised shareholder to vote against reelecting the heads of Japanese electronics firms Sharp Corp and Sony Corp, both mid-restructuring, saying they are falling short of ISS return-on-equity (ROE) benchmarks. Source
Posted On 10 Jun 2015

Tesla CFO Ahuja to retire; electric car maker sees growth spurt

DETROIT (Reuters) – Tesla Motors Chief Financial Officer Deepak Ahuja will retire this year, but will stay on to help search for a successor at the fast-growing electric car maker, Chief Executive Officer Elon Musk told shareholders on Tuesday. Source
Posted On 10 Jun 2015

Exclusive: U.S. tech industry appeals to Obama to keep hands off encryption

WASHINGTON (Reuters) – As Washington weighs new cybersecurity steps amid a public backlash over mass surveillance, U.S. tech companies warned President Barack Obama not to weaken increasingly sophisticated encryption systems designed to protect consumers’ privacy. Source
Posted On 10 Jun 2015

Merkel urges Germans to put aside fear of big data

BERLIN (Reuters) – Germans need to overcome their traditional fear of the large-scale collection of personal data by companies and instead embrace its opportunities or risk being marginalized in the global economy, Chancellor Angela Merkel said on Tuesday. Source
Posted On 10 Jun 2015