Reuters Technology Report: August 5, 2016

Click to View in Browser Friday, August 5, 2016 Alibaba says it is not making an investment in Netflix SAN FRANCISCO (Reuters) - Alibaba Group Holding Inc is not making an investment in Netflix Inc, Alibaba spokesman Bob Christie told Reuters on Friday. Apple offers big cash rewards for help finding security bugs LAS VEGAS (Reuters) - Apple Inc said it plans to offer rewards of up to $200,000 (£152,433) to researchers who find critical security bugs in its products, joining dozens of firms that already offer payments for help uncovering flaws in their products. Oil traders prepare fond farewells to Yahoo Messenger SINGAPORE (Reuters) - Oil traders on Friday were lamenting the imminent demise of their main communication tool, Yahoo Messenger, which has been an industry standard since the late 1990s. Obama prepares to boost U.S. military's cyber role: sources WASHINGTON (Reuters) - The Obama administration is preparing to elevate the stature of the Pentagon's Cyber Command, signaling more emphasis on developing cyber weapons to deter attacks, punish intruders into U.S. networks and tackle adversaries such as Islamic State, current and former officials told Reuters. Bangladesh says Philippines President commits to return heist money funneled via Manila MANILA (Reuters) - Philippine President Rodrigo Duterte has given a commitment that $81 million stolen by cyber criminals from the account of Bangladesh Bank in New York and funneled through bank accounts in Manila would be returned, the Bangladesh ambassador to the Philippines said on Friday. Geeks win millions for teaching computers to battle each other LAS VEGAS (Reuters) - A software program dubbed "Mayhem" was poised to win the final round of a three-year contest to teach computers to launch and defend against cyber attacks, earning a $2 million prize for the team that wrote the winning code. Bitfinex says expects 'socialized loss' for $72 million bitcoin hack HONG KONG (Reuters) - Hong Kong-based crypto-currency exchange Bitfinex, from which hackers stole about US$72 million worth of bitcoin this week, said on Friday that it expected to "socialize" the losses among bitcoin balances. Russian mobile phone operator MTS quits Uzbekistan MOSCOW (Reuters) - Russia's biggest mobile phone operator MTS has sold its 50 percent stake in Uzbekistan telecommunications operator Universal Mobile Systems (UMS) to its joint venture partner, it said on Friday. Designers come out for Apple in patent fight with Samsung NEW YORK (Reuters) - Apple Inc deserved the hundreds of millions of dollars in damages Samsung Electronics Co Ltd paid for infringing patented designs of the iPhone, because the product's distinctive look drives people to purchase it, a group of design industry professionals told the U.S. Supreme Court on Thursday. Facebook's News Feed to show fewer 'clickbait' headlines SAN FRANCISCO (Reuters) - Facebook Inc's News Feed will show fewer "clickbait" headlines over the next few weeks, the company announced Thursday, as it seeks to establish itself as the prime web destination for news and social updates. Related Video Robot masseuse hits the spot in Singapore Makers of Pixar-inspired robot dream big 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