Reuters Technology Report: May 20, 2015

Click to View in Browser Wednesday, May 20, 2015 Firms to face stiffer fines for breaking EU's 'right to be forgotten' rules BRUSSELS (Reuters) - Firms such as Google and Microsoft will face stiffer fines if they violate Europe's "right to be forgotten" online rules, according to a draft text agreed by European Union ambassadors on Wednesday, diplomatic sources said. U.S. Navy paying 'whole lot of attention' to cyber threats: Mabus WASHINGTON (Reuters) - The U.S. Navy is working hard to improve the cyber security of its computer networks and weapon and communications systems, while bracing for potential attacks on power grids and fuel supplies, Navy Secretary Ray Mabus said Wednesday. U.S. senator bids to block extension of bulk data collection WASHINGTON (Reuters) - Republican U.S. Senator Rand Paul began giving a speech on Wednesday to oppose any vote on legislation that would extend U.S. spy agencies' collection of Americans' telephone data. Spotify to start offering videos (Reuters) - Streaming music service Spotify will soon provide video content from musicians, news organizations and TV networks in a bid to sign up more subscribers, the company said on Wednesday. Techies lift aged Midtown South to NYC real estate heights NEW YORK (Reuters) - The Dutch, it is said, bought Manhattan Island in 1626 from its native American inhabitants for about $24 in trade goods. Half a millennium later, that sum wouldn't buy a square foot of office space in New York City's trendiest real estate market, the area below 34th Street known as Midtown South. CareFirst says cyberattack stole data of 1.1 million users in U.S (Reuters) - CareFirst BlueCross BlueShield, which sells health insurance in Maryland, Virginia and the District of Columbia, said on Wednesday that a cyberattack compromised the data of 1.1 million current and former members. Salesforce raises full-year revenue forecast (Reuters) - Salesforce.com Inc , the subject of takeover speculation for the past few weeks, raised its revenue forecast for the full year, after the cloud software company reported a profit for the first time in seven quarters. Less is more? 'Clash of Clans' maker banks on handful of games HELSINKI (Reuters) - Mobile games maker Supercell will focus on just a few titles and quickly kill off ones that do not immediately catch on as it seeks to remain the world's top-grossing company in the sector, its chief executive said. Viacom raises dividend by seven cents to 40 cents (Reuters) - U.S. media company Viacom Inc raised its quarterly cash dividend by 7 cents to 40 cents per share amid investor criticism over high executive pay. Altice enters U.S. cable market with Suddenlink move PARIS/FRANKFURT (Reuters) - European telecoms group Altice has agreed to buy U.S. regional cable company Suddenlink Communications in a $9.1 billion deal, marking its first move across the Atlantic where it is also interested in buying Time Warner Cable. Related Video Young tech workers driving NYC real estate demand- Keenan Amputees control bionic legs with their thoughts Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2015 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook