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USAA creates research team to study use of bitcoin technology

NEW YORK (Reuters) – USAA, a San Antonio, Texas-based financial institution serving current and former members of the military, is studying the underlying technology behind the digital currency bitcoin to help make its operations more efficient, a company executive said. Source
Posted On 09 May 2015

Cuba says in advanced talks with China’s Huawei over telecoms

RIVIERA MAYA, Mexico (Reuters) – Cuba is in advanced talks with Chinese telecoms equipment company Huawei to do more business on the Communist island, Cuban finance minister Lina Pedraza said on Friday. Source
Posted On 09 May 2015

EU antitrust regulators query Qualcomm rivals on its business practices

BRUSSELS (Reuters) – EU antitrust regulators are asking Qualcomm’s rivals how the U.S. chipmaker’s business practices and the way it licenses its products affect them, as part of an investigation begun seven months ago, a document seen by Reuters showed. Source
Posted On 09 May 2015

Seeing and believing: Virtual reality set to conquer living rooms

Anyone, anywhere would be able to strap on a headset in their living room and be able to experience events anywhere in the world – or outside of it – as if they were really there. Source
Posted On 09 May 2015

German carmakers may need help to bid for Nokia’s high-tech maps

FRANKFURT (Reuters) – German car companies may need help to compete with a wealthy field of bidders for Nokia’s high-tech mapping unit HERE, as the entry of technology company Uber into the fray signals interest from deep-pocketed Silicon Valley players, bankers and...
Posted On 09 May 2015

GM expects to fall short of 2017 electric vehicles target

DETROIT (Reuters) – General Motors Co said it will fall short of its goal of having 500,000 GM vehicles on U.S. roads by 2017 that are powered by some form of electricity. Source
Posted On 09 May 2015

Ericsson extends patent suits against Apple to Europe

STOCKHOLM (Reuters) – Swedish telecom equipment maker Ericsson has filed lawsuits in Germany, Britain and the Netherlands against Apple over technology license payments, Ericsson said on Friday, extending a U.S. battle between the firms to Europe. Source
Posted On 09 May 2015

Telecom Italia CEO says Metroweb talks went wrong

MILAN (Reuters) – Telecom Italia CEO Marco Patuano said on Friday discussions with the government to buy fiber optic network firm Metroweb had not gone in the right direction but he did not close the door to resuming talks at the right conditions. Source
Posted On 09 May 2015

Toshiba cancels dividend, pulls outlook in accounting scandal

TOKYO (Reuters) – Japanese industrial conglomerate Toshiba Corp cancelled a dividend payment and withdrew its earnings outlook as it expanded an investigation into accounting irregularities which began last month. Source
Posted On 09 May 2015

Alibaba has a new CEO, but it’s still Jack’s house

SHANGHAI (Reuters) – When Alibaba Group Holding Ltd’s eccentric founder Jack Ma stepped down as CEO two years ago, he declared “the Internet belongs to young people,” and promised that most of the company’s leaders born in the 1960s would soon...
Posted On 09 May 2015