Reuters Technology Report: June 29, 2016

Click to View in Browser Wednesday, June 29, 2016 Facebook's political influence under a microscope (Reuters) - As the U.S. presidential campaign heats up, Facebook Inc is going out of its way to show its neutrality - an increasingly urgent matter for the social network as evidence of its power continues to emerge. Facebook offers limited detail on formula behind News Feed SAN FRANCISCO (Reuters) - Facebook Inc on Wednesday offered a rare glimpse into how it ranks and shows content in its News Feed, part of an effort to provide more transparency about its operations as the social network's cultural and political influence continue to grow. With Amazon in mind, Wal-Mart to offer free shipping for 30 days (Reuters) - Wal-Mart Stores Inc on Wednesday launched a free 30-day trial of ShippingPass, its two-day shipping program for shoppers in the United States, as the world's largest retailer looks to take on Amazon.com Inc's Prime subscription service. Seagate to cut 1,600 jobs in restructuring plan (Reuters) - Hard-disk drive maker Seagate Technology Plc said it was cutting about 1,600 jobs, or 3 percent of its workforce, as part of a restructuring plan to reduce costs. FCC pegs cost to reallocate TV spectrum for wireless use at $86.4 billion WASHINGTON (Reuters) - The U.S. Federal Communications Commission said on Wednesday the price of reallocating 126 MHz of television broadcast airwaves for wireless use is $86.4 billion. Facebook wins privacy case against Belgian data protection authority BRUSSELS (Reuters) - The Belgian data protection authority on Wednesday lost a legal battle with Facebook in which it sought to stop the social network from tracking the online activities of non-Facebook users in Belgium who visit the social network's pages. Landing with a bump? Germany's Rocket falls back to earth BERLIN/LAGOS (Reuters) - When German e-commerce investor Rocket Internet launched Jumia in 2012 as a would-be African Amazon, it was optimistic that a rapidly expanding middle class would quickly shift from street markets to shopping online. Kuka CEO says company in talks with potential new investors FRANKFURT (Reuters) - German robotics maker Kuka is in confidential talks about potential new investors in addition to the takeover offer made by Chinese home appliances giant Midea , Chief Executive Till Reuter said on Wednesday. Gameloft's board resigns, names new boss PARIS (Reuters) - French video games company Gameloft said on Wednesday its board was resigning as it disagreed with the strategic vision of its new majority shareholder Vivendi. ACLU files lawsuit over U.S. anti-hacking law WASHINGTON (Reuters) - The American Civil Liberties Union said it filed a lawsuit in U.S. federal court on Wednesday challenging the constitutionality of an anti-hacking law, arguing it prevents academics and others from collecting data to investigate whether online algorithms may be discriminatory. Related Video AI tech predicting Wimbledon social media trends Vertical farming: eliminating growing seasons, supporting locals 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