Reuters Technology Report: June 3, 2016

Click to View in Browser Friday, June 3, 2016 U.S. lawmakers probe Fed cyber breaches, cite 'serious concerns' WASHINGTON (Reuters) - A U.S. congressional committee has launched an investigation into the Federal Reserve's cyber security practices after a Reuters report revealed more than 50 cyber breaches at the U.S. central bank between 2011 and 2015. Facebook's Zuckerberg may lose majority voting control if he exits (Reuters) - Facebook Inc's board has proposed removing Mark Zuckerberg's majority voting control in the event of the social media giant's chief executive and founder deciding to exit management at some point in future. Tony Fadell, CEO of Alphabet Inc's Nest, to step down (Reuters) - Alphabet Inc unit Nest, which makes smart thermostats, said Chief Executive Tony Fadell would step down. New York state launches inquiry of online lenders (Reuters) - New York state's financial regulator sent a letter to 28 companies this week requesting information about their online lending activities, according to a person familiar with the matter and a copy of the letter seen by Reuters. BMW revamps R&D for new era of self-driving cars MUNICH (Reuters) - BMW is overhauling its research and development activities to focus on self-driving cars, board member Klaus Froehlich told Reuters, a move which includes a revamp of its "i" sub-brand of carbon-fibre based electric vehicles. Amid SEC probe, Jack Ma says hard for U.S. to understand Alibaba: media BEIJING (Reuters) - Alibaba Group Holding Ltd, whose accounting practices are under investigation by U.S. regulators, is a difficult company for the United States to understand, Executive Chairman Jack Ma said in an interview to Chinese media on Friday. Apple says all services resume after outage (Reuters) - Apple Inc said all its services, including the popular App Store, have resumed following an outage that started late afternoon on Thursday. Epson CEO sees robots with a light touch opening new markets DUESSELDORF, Germany (Reuters) - Technology developed by Epson that enables robots to perform precise tasks, such as putting a key into a keyhole and turning it with just the right amount of force, is set to open up new markets for the printers, projectors and robotics group, its president told Reuters in an interview. Wal-Mart to test grocery delivery with Uber, Lyft (Reuters) - Wal-Mart Stores Inc will partner with ride hailing services Uber and Lyft to trial online grocery deliveries, as it looks to speed up shipment times and better compete with rivals like Amazon.com Inc Germany denies interfering in Chinese bid for robot maker Kuka BERLIN (Reuters) - Germany denied interfering in Chinese home appliance maker Midea's 4.5 billion euro ($5 billion) bid for industrial robot maker Kuka on Friday, saying it was not organising a rival offer. Related Video Urinating and gaming rolled into one 'Devil' gets a pacemaker 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