Samsung Group says process to disband its corporate strategy office underway

Article written by MobaProject

SEOUL (Reuters) – South Korean conglomerate Samsung Group [SAGR.UL] said on Monday it will disband its corporate strategy office tasked with managing long-term group-related affairs at the conclusion of the current special prosecution probe. Jay Y. Lee, third-generation leader of the country’s top conglomerate, said at a December parliament hearing he plans to disband the office but did not give a specific timeline. Samsung said in a statement the process of dismantling the office is already underway but did not elaborate further. …

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Samsung Group says process to disband its corporate strategy office underway

Ford expands Alexa use, heating up auto personal assistant battle

Ford Motor Co is expanding the use of Amazon.com Inc's Alexa personal assistant in its vehicles to allow drivers to talk to their cars – demanding anything from a nearby cheeseburger to a weather forecast – marking a leap by the Detroit automaker to incorporate a technology initially targeted for home use. The expanding alliance between Ford and Amazon, announced on Wednesday at the CES tech show in Las Vegas, underscores the importance to both automakers and internet commerce companies of connecting consumers on the move to a richer array of digital services. The two companies are talking about how to take the Alexa partnership further, according to Butler.

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Ford expands Alexa use, heating up auto personal assistant battle

U.S. Labor department sues Google for compensation data

(Reuters) – The U.S. Department of Labor said on Wednesday it filed a lawsuit against Alphabet Inc's Google unit seeking access to the company's compensation data and documents as part of a routine compliance evaluation. The Office of Federal Contract Compliance Programs (OFCCP) said it had sought the data about the company's equal opportunity program in September 2015. The company failed to submit despite many opportunities, the OFCCP said.

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U.S. Labor department sues Google for compensation data

Beijing, Shanghai propose curbs on who can drive for ride-hailing services

Regulators in Beijing and Shanghai are proposing restrictions on who can operate as drivers for ride-hailing services such as Didi Chuxing and Uber [UBER.UL], possibly making it tougher for those services to recruit drivers. Authorities in Beijing and Shanghai – the transport commissions of the municipal governments of Beijing and Shanghai – separately issued draft policies on Saturday as part of an effort to seek public comment. Both commissions posted draft policies on their respective website.

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Beijing, Shanghai propose curbs on who can drive for ride-hailing services

Fed internal watchdog to study oversight of cybersecurity at banks

The Federal Reserve's internal watchdog plans to study how well the central bank is overseeing cybersecurity practices at financial institutions, the U.S. central bank said on Monday. The Office of Inspector General (OIG) at the Fed's Board of Governors plans to release the audit in the fourth quarter, the OIG said in a report on current and upcoming projects. Fed Chair Janet Yellen is due to appear before a U.S. Senate committee on Tuesday and will likely face questions about cybersecurity breaches involving the central bank.

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Fed internal watchdog to study oversight of cybersecurity at banks

U.S. official sees more cyber attacks on industrial control systems

A U.S. government cyber security official warned that authorities have seen an increase in attacks that penetrate industrial control system networks over the past year, and said they are vulnerable because they are exposed to the Internet. Industrial control systems are computers that control operations of industrial processes, from energy plants and steel mills to cookie factories and breweries. “We see more and more that are gaining access to that control system layer,” said Marty Edwards, who runs the Department of Homeland Security's Industrial Control Systems Cyber Emergency Response Team, or ICS-CERT.

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U.S. official sees more cyber attacks on industrial control systems

Uber receives nearly $2 billion investment from Chinese firms

HONG KONG/BEIJING (Reuters) – Uber Technologies Inc said on Wednesday it has received almost $2 billion in funding from Chinese investors, some as part of a recent fundraising round that valued the U.S. firm's Chinese unit at $7 billion.

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Uber receives nearly $2 billion investment from Chinese firms

More than a million OPM hack victims still not notified

By Dustin Volz WASHINGTON (Reuters) – More than a million victims of a massive hack of U.S. government computer files have still not been officially notified that their data was compromised and that they are eligible for free credit-monitoring protection, officials said on Friday. The government this week finished sending notifications through the Postal Service to 21.5 million people affected by the breaches, said the Office of Personnel Management (OPM), the federal hiring agency that was hacked. The postal notifications should be received by the middle of next week, but about 7.0 percent of those hacked, or roughly 1.5 million people, could not receive notification letters because their addresses have changed or are not on file, OPM said.

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More than a million OPM hack victims still not notified

Twitter looks to make money from ads aimed at logged-out users

Twitter Inc said it was testing a feature to show advertisements to people who read tweets without logging in, as it tries to make good on its long-time ambition to monetize non-active users. The promoted tweets and videos will be available on Twitter's desktop website, particularly on people's profile pages and “tweet detail” pages that highlight specific tweets. The move will be welcomed by advertisers who have shied away from Twitter saying it doesn't have enough users, unlike rival Facebook Inc, which boasts more than 1.55 billion monthly active users (MAUs).

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Twitter looks to make money from ads aimed at logged-out users