Techmeme

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Andrew Chung / Reuters:
In blow to patent trolls, US Supreme Court rules 8-0 that patent infringement suits can only be filed in the jurisdiction of targeted firm's incorporation   —  The U.S. Supreme Court on Monday tightened rules for where patent lawsuits can be filed in a decision that may make it harder for so-called patent …
May 22, 2017, 1:00 PMIn context
Jack Stubbs / Reuters:
Sources: Russian police have arrested 16 in banking malware scheme that infected 1M+ Android devices in Russia, netted $892K, and had begun expanding to Europe   —  Russian cyber criminals used malware planted on Android mobile devices to steal from domestic bank customers and were planning …
May 22, 2017, 12:20 PMIn context
Huw Jones / Reuters:
EU financial services chief opposes rules proposed by European Banking Authority that ban account info screen scraping and force fintech firms to use bank APIs   —  The European Union's financial services chief said on Friday he will ask the bloc's banking watchdog to rethink its proposed ban on …
May 22, 2017, 6:30 AMIn context
Robert-Jan Bartunek / Reuters:
EU antitrust regulators fine Facebook $122.4M for giving misleading information during WhatsApp vetting period in 2014; Facebook says errors were unintentional   —  European Union antitrust regulators on Thursday said they would fine Facebook 110 million euros ($122.4 million) …
May 18, 2017, 3:20 AMIn context
Anya George Tharakan / Reuters:
Cisco reports Q3 revenue of $11.9B, down 1% YoY, profits of $2.52B, forecasts disappointing Q4, and says it will cut 1100 more jobs; shares open down 7%+   —  Cisco Systems Inc (CSCO.O) forecast current-quarter revenue that widely missed analysts' estimates and said it would cut 1,100 more jobs …
May 17, 2017, 8:20 PMIn context
Reuters:
Chinese investment into Israeli tech companies surged in 2016 as investments into US tech decreased amid increasing regulatory scrutiny   —  Struggling to seal deals in the United States as regulatory scrutiny tightens, Chinese companies looking to invest in promising technology are finding a warmer welcome for their cash in Israel.
May 12, 2017, 10:45 AMIn context
Rishika Sadam / Reuters:
Verizon to buy 5G spectrum holder Straight Path Communications for $3.1B   —  Verizon Communications Inc (VZ.N), the No.1 U.S. wireless carrier, is buying wireless spectrum holder Straight Path Communications Inc (STRP.A) for an enterprise value of about $3.1 billion, ending a bidding war with rival AT&T (T.N).
May 11, 2017, 8:15 AMIn context
Jeffrey Dastin / Reuters:
Interviews with 21 experts including Walmart and Amazon staffers reveal Amazon's mastery of price-tracking “bots”, giving it an edge over rivals   —  Earlier this year, engineers at Wal-Mart Stores Inc (WMT.N) who track rivals' prices online got a rude surprise …
May 10, 2017, 7:00 PMIn context
Shadia Nasralla / Reuters:
Austrian court rules Facebook must remove postings deemed as hate speech across the platform and not just in Austria, strengthening an earlier ruling   —  Facebook must remove postings deemed as hate speech, an Austrian court has ruled, in a legal victory for campaigners who want to force …
May 8, 2017, 2:10 PMIn context
Lauren Hirsch / Reuters:
Social music firm Smule raises $54M led by Tencent, source says at a $604M valuation, to expand in Asia   —  Social media music company Smule has raised $54 million in a financing round led by Chinese technology giant Tencent Holdings Ltd, which it will use to fuel international growth, the company said on Monday.
May 8, 2017, 11:10 AMIn context

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