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KKR leads $42 million investment in Israeli big data firm Optimal+

TEL AVIV (Reuters) – KKR is leading a $42 million investment in Israel’s Optimal+, a big data analytics company that provides insights to the semiconductor industry. Source
Posted On 10 Sep 2015

Hard-disk maker Seagate to cut 1,050 jobs worldwide

(Reuters) – Hard-disk maker Seagate Technology Plc said it planned to cut 1,050 jobs, or 2 percent of its workforce, as part of a restructuring program. Source
Posted On 10 Sep 2015

Merkel says Facebook needs to do more against racist posts

BERLIN (Reuters) – German Chancellor Angela Merkel urged Facebook to do more against racist comments and hate posts, in comments due to be published in a regional newspaper on Friday. Source
Posted On 10 Sep 2015

Ellen Pao won’t appeal verdict in gender discrimination trial

(Reuters) – Ellen Pao, the former venture capitalist who lost a high-profile discrimination case against her former employer earlier this year, said on Thursday that she would not pursue an appeal of the court’s decision. Source
Posted On 10 Sep 2015

Lockheed-Boeing rocket venture expands partnership with Bezos’ space firm

CAPE CANAVERAL, Fla (Reuters) – – United Launch Alliance (ULA), the biggest supplier of rockets for the U.S. military, will ramp up rocket engine work with Inc founder Jeff Bezos’ space company, the companies said on Thursday. Source
Posted On 10 Sep 2015

Google pushes into mobile payment with Android Pay launch in U.S.

(Reuters) – Google Inc said it would roll out Android Pay, a one-touch payment app on Android devices, in more than 1 million locations in the United States on Thursday. Source
Posted On 10 Sep 2015

China says Apple unit underpaid $71 million in tax in 2013

SHANGHAI (Reuters) – A China unit of U.S. tech giant Apple Inc underpaid taxes in 2013 by 452 million yuan ($71 million), according to a report from the country’s finance ministry, which comes as China toughens its stance on tax payments by foreign firms. Source
Posted On 10 Sep 2015

Inmarsat seeks border monitoring role through partnership deal

LONDON (Reuters) – Satellite operator Inmarsat said it would play a role in border monitoring through a new partnership deal, opening up a new revenue stream at a time of growing demand from countries for technology to control entry to their territories. Source
Posted On 10 Sep 2015

OPM hack could compromise U.S. spies abroad, U.S. officials say

WASHINGTON (Reuters) – The breach of U.S. security clearance information in the cyber-hacking of the federal government’s personnel office poses a “significant counterintelligence threat” and could compromise the identities of American spies abroad, senior...
Posted On 10 Sep 2015

Chinese cyber spying targets broad array of U.S. interests: Clapper

WASHINGTON (Reuters) – Chinese cyber espionage continues to target a “broad spectrum of U.S. interests,” including national security information, sensitive economic data and intellectual property, the U.S. Director of National Intelligence James Clapper said on...
Posted On 10 Sep 2015