News highlights – 8 October 2017

News highlights for 8 October 2017

U.S. Treasury investigates illegal surveillance allegations: watchdog

WASHINGTON (Reuters) – An internal watchdog at the U.S. Treasury said on Friday it is investigating allegations the department illegally looked at financial records of U.S. citizens. Read more…

Drug chains tumble on reports Amazon eyeing their pie

(Reuters) – Shares of drug retailers Walgreens Boots Alliance Inc, CVS Health Corp and Rite Aid Corp tumbled on Friday after reports that Amazon.com Inc was looking to make a move into selling drugs online. Read more…

Oil industry networking site creator gets one year in U.S. hack case

AI on the menu as Nokia chairman goes back to school

HELSINKI (Reuters) – He runs a company that is a byword for technological innovation — but Nokia’s chairman had no qualms about going back to school to learn more about artificial intelligence (AI). Read more…

Tesla to send more battery installers to Puerto Rico to restore power

(Reuters) – U.S. electric car and battery maker Tesla Inc’s CEO Elon Musk said on Friday the company will send more battery installers to Puerto Rico to help restore power after Hurricane Maria knocked out all power on the island over two weeks ago. Read more…

Oil industry networking site creator gets one year in U.S. hack case

NEW YORK (Reuters) – The founder of an oil and gas networking website who pleaded guilty to hacking a rival site he had created and sold to DHI Group Inc was sentenced to one year and one day in prison on Friday. Read more…

Keeping the competition out: Iran startups thrive despite sanctions

LONDON (Reuters) – Low on cash but high on hope, Iran’s technology entrepreneurs are learning to live with revived hostility in the United States and growing suspicion – or worse – from hardliners at home. Read more…

Tags: AI, Nokia, surveillance, Treasury