News highlights – 11 November

Written by on November 11, 2016 in News with 0 Comments

News highlights for 11 November

snap-spectaclesSnap’s Spectacles make their debut in wacky vending machine

SAN FRANCISCO (Reuters) – Snap Inc on Thursday debuted its video-camera sunglasses in its usual quirky style, setting up a big yellow vending machine on a beach boardwalk where fans could plop down $130 for the “Spectacles” glasses. According to postings on Twitter, a line of more than 100 people quickly formed in front of the wacky vending machine, referred to as a “Snapbot,” that appeared in Venice, California. Read more…

US FCC says it has ‘serious concerns’ about AT&T Direct TV mobile video service

WASHINGTON (Reuters) – The U.S. Federal Communications Commission told AT&T Inc it has “serious concerns” about whether rivals will be able to compete with its DirecTV Now online video service that will cost $35 a month and demanded answers by Nov. 21. Read more…

ABN looked at using undercover security staff to prevent cyber attacks

LONDON (Reuters) – Dutch Bank ABN-AMRO considered sending undercover security staff amid employees to help improve cyber security but has decided not to follow this practice, officials said. As the risk of cyber attacks increase, many banks are developing more sophisticated ways to prevent security lapses. Read more…

Tech stocks drop as Wall Street focuses on Trump stimulus

SAN FRANCISCO (Reuters) – Shares of Amazon.com Inc, Alphabet Inc and other technology companies sank on Thursday as Wall Street sold them to pay for infrastructure names that could benefit from potential economic stimulus spending by U.S. President-elect Donald Trump. Read more…

Russia upholds LinkedIn ban over data protection fears

(Reuters) – A Russian court on Thursday upheld a decision to block the website of social networking company LinkedIn Corp., Interfax news agency reported, setting a precedent for the way foreign internet firms operate in the country. Read more…

EU lawmakers approve plans for coordinated mobile broadband boost

BRUSSELS (Reuters) – European Union lawmakers on Thursday approved plans to coordinate the rollout across the bloc of the 700MHz spectrum band for wireless broadband by 2022 to provide faster mobile broadband and improved access to Internet services. Read more…

SEC charges EZTD with misleading investors

WASHINGTON (Reuters) – Israeli-based firm EZTD Inc must pay more than $1.7 million for misleading investors into trading binary options over the internet, the U.S. Securities and Exchange Commission said on Thursday. EZTD failed to disclose on its trading platforms that there was significantly greater potential for investors to lose rather than earn money, the SEC said in a news release.

Photoshop maker Adobe to buy video ad firm TubeMogul

(Reuters) – Photoshop software maker Adobe Systems Inc said on Thursday it would buy advertising company TubeMogul Inc for about $540 million, net of debt and cash, giving it a bigger presence in the rapidly growing online video market. Read more…

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