News highlights – 12 September

Written by on September 13, 2016 in News with 0 Comments

News highlights for 12 September

AOL Inc Chief Executive Tim Armstrong. REUTERS/Benoit Tessier

AOL Inc Chief Executive Tim Armstrong. REUTERS/Benoit Tessier

AOL CEO Tim Armstrong says Yahoo deal will spark ‘job changes’

SAN FRANCISCO (Reuters) – The mission to merge Yahoo’s assets with AOL and Verizon’s will lead to “some job changes” according to AOL CEO Tim Armstrong. Armstrong told the crowd at TechCrunch Disrupt 2016 in San Francisco that synergies within Yahoo and AOL’s operations will inevitably lead to some job changes but stressed that the deal itself was “not about job cuts.” Read more…

Instagram launches new tool to monitor offensive comments

(Reuters) – Instagram, the photo-sharing app owned by Facebook Inc on Monday launched a keyword moderation tool to allow its users to control the comments posted on their pictures. The feature allows its users to list words that they consider offensive or inappropriate and then comments with those words would be hidden from the user’s posts. Read more…

Payments app Venmo launches ads, ramps up competition for banks

NEW YORK (Reuters) – Payments app Venmo will roll out its first major promotional campaign on Monday, intensifying its battle over young customers’ wallets with big banks. Read more…

Four US lawmakers urge safety agency to address vehicle hacking

WASHINGTON (Reuters) – Four Republican members of Congress on Monday urged U.S. auto safety regulators to convene an industry-wide effort to prevent possible attacks on computer systems in vehicles. The lawmakers addressed their concerns in a letter to the U.S. National Highway Traffic Safety Administration. While there have been no reported cases of vehicle hacking, researchers have shown they could take remote control of vehicle functions such as car horns, brakes and power steering. Read more…

Austrian court refers Facebook privacy case to European court

VIENNA (Reuters) – An attempt by Austrian privacy activist Max Schrems to have a data protection case against Facebook heard as a class action suit moved a step ahead on Monday when Austria’s Supreme Court referred the question to the European Court of Justice (CJEU). Facebook has questioned the right of Schrems, famous for winning a case that overturned the Safe Harbour system used by thousands of companies to transfer data from the European Union to the United States, to bring a Europe-wide class action on behalf of tens of thousands of consumers. Read more…

JPMorgan executive says digital wallets have yet to catch on

NEW YORK (Reuters) – Digital payment apps in smartphones, so-called digital wallets, have yet to catch on with customers, the chief executive of consumer banking for JPMorgan Chase & Co said on Monday. Apple Pay, Android Pay, and Samsung Pay are being used for less than 1 percent of payments at retailers, Gordon Smith said, citing industry data at an investor conference.

Facebook announces payment capabilities for Messenger service

San Francisco (Reuters) – Facebook’s Messenger application, which now boasts a billion users, is introducing new capabilities that will make it possible to pay for goods and services through Messenger or though “bots,” or automated programs, that use the messaging app.

LinkedIn launches ‘Lite’ version for mobile browsing in India

(Reuters) – LinkedIn Corp, the operator of the world’s largest online business networking service, has launched in India a “Lite” version of its website for mobile browsing. The company, which is being acquired by Microsoft Corp, said on Monday the version was aimed at helping users browse its website faster on their smartphones in areas with slow or poor internet connectivity. Read more…

EU to give detailed results of e-commerce inquiry on Thursday

BRUSSELS (Reuters) – Online and electronics retailers will find out on Thursday whether European Union antitrust regulators plan to take any action after a year-long investigation into restrictions on cross-border online sales within the bloc. The so-called e-commerce sector inquiry is part of the European Commission’s campaign to overhaul the 28-country bloc’s digital market in a bid to boost growth and catch up with the United States and Asia. Read more…

Jeff Bezos unveils new rocket to compete with SpaceX

CAPE CANAVERAL, Fla. (Reuters) – Jeff Bezos on Monday unveiled a heavy-lift reusable rocket expected to compete against Elon Musk’s SpaceX and other companies for commercial satellite launches before the end of the decade. Read more…

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