Reuters Technology Report: June 1, 2016

Click to View in Browser Wednesday, June 1, 2016 Fed records show dozens of cybersecurity breaches WASHINGTON (Reuters) - The U.S. Federal Reserve detected more than 50 cyber breaches between 2011 and 2015, with several incidents described internally as "espionage," according to Fed records. Salesforce takes aim at e-commerce with $2.8 billion Demandware buy (Reuters) - Cloud-based software maker Salesforce.com Inc said it would buy Demandware Inc , whose software is used by businesses to run e-commerce websites, for about $2.8 billion. Congress probes NY Fed's handling of Bangladesh Bank heist: letter WASHINGTON (Reuters) - A U.S. congressional committee has launched a probe into the Federal Reserve Bank of New York's handling of the cyber theft of $81 million from one of its accounts held by the central bank of Bangladesh, according to a letter seen by Reuters. Forbes estimates Theranos founder's net worth now zero (Reuters) - Forbes magazine on Wednesday reduced its estimate of the net worth of Elizabeth Holmes, the founder and chief executive of health technology company Theranos Inc, to zero from $4.5 billion last year. Germany working on Kuka counter-offer: Economy Minister says BERLIN/FRANKFURT (Reuters) - Germany is trying to coordinate an alternative offer for industrial robot maker Kuka following Chinese home appliance maker Midea Group Co Ltd's 4.5 billion euro takeover bid, Economy Minister Sigmar Gabriel said. Trail in Ecuador cyberheist leads to gamers' crash pad in Hong Kong HONG KONG/CHICAGO (Reuters) - The paper trail left behind by $2 million stolen from a hacked Ecuadorian bank runs cold in a windowless gamers' crash pad in a gritty industrial area of Hong Kong. Google seeking to raise up to $221 million by selling Lenovo stock: IFR HONG KONG (Reuters) - Google Inc is seeking to raise between $218 million and $221 million by selling shares in Chinese personal computer maker Lenovo, according to a deal term sheet seen by IFR on Wednesday. Beset by rivals and record labels, Spotify plots path to profit STOCKHOLM (Reuters) - Spotify is a household name, with more paying users than any other music-streaming service in the world. But it doesn't make a penny. Microsoft sells patents to Xiaomi, builds 'long-term partnership' SINGAPORE (Reuters) - Software maker Microsoft Corp is selling about 1,500 of its patents to Chinese device maker Xiaomi [XTC.UL], a rare departure for the U.S. company and part of what the two companies say is the start of a long-term partnership. IBM to buy EZSource for 14th acquisition of Israeli company JERUSALEM (Reuters) - IBM said on Wednesday it will acquire EZSource, an Israel-based application discovery company, to help developers modernise mainframe applications for digital business. Related Video Edible beer rings to keep marine life safe Start-up Sirin launches high-tech luxury smartphone 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 2016 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