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Penn State president says campus fraternity system may need ‘re-evaluation’

March 19, 2015 publisher agency-settled, antitrust-rules, images, internet, police, president, school, shares-on-local, state, state-college

(Reuters) – Penn State University’s president says a re-evaluation of the school’s fraternity system may be needed after a fraternity was suspended for posting online photographs of nude women, some of them apparently unconscious. In a statement on Penn State’s website, President Eric Barron said he was “shocked and angered by the apparent disregard for not only the law, but also human dignity.” Barron called the images showing the women naked or partially clothed “highly inappropriate and disturbing.” The Kappa Delta Rho fraternity was suspended as of March 3, accused of hosting private Facebook pages and posting pictures that members took of mostly undressed women who were passed out or sleeping. “This evidence, which is still being gathered by the State College Police, is appalling, offensive and inconsistent with our community’s values

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Rakuten buying eBook firm OverDrive for $410 million in U.S. push

March 19, 2015 publisher 158-3-million, 530-million, deepening-its, focus-towards, innovative, japanese, movie-project, overdrive, rakuten-cafe, sharing-economy, strides-made, teppei-kasai, tokyo, united-nations

By Teppei Kasai TOKYO (Reuters) – Japanese online retailer Rakuten Inc is buying U.S. eBook company OverDrive Inc for about $410 million, deepening its push into the U.S.

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Indonesia’s Lippo continues e-commerce push with payment service

March 19, 2015 publisher 158-3-million, 530-million, deepening-its, first-quarter, focus-towards, innovative, japanese, launch-payment, online, only-recently, overdrive, reuters-lippo, services-early, united-nations

By Eveline Danubrata and Charlotte Greenfield JAKARTA (Reuters) – Indonesian conglomerate Lippo Group plans to launch payment, chat and other online services early next year as it continues expanding in the nascent e-commerce industry of the world’s fourth-most populous country, a senior executive told Reuters.

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KKR, Baidu, Coatue to invest $170 million in China online used-car platform

March 18, 2015 publisher 170-million, beijing, cars-on-display, companies, equity-firm, funds, jointly-invest, newly-launched

HONG KONG (Reuters) – Private equity firm KKR & Co LP, search engine Baidu Inc and hedge fund Coatue said on Wednesday they will jointly invest $170 million in Chinese online used-car auction firm Uxin, aiming for a piece of the booming used-car market. Uxin will use the funds to expand a newly launched platform where auto retailers sell used cars to individuals, the companies said in a joint statement.

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Premera Blue Cross breached, medical information exposed

March 17, 2015 publisher 170-million, chief-executive, data, involved-larger, known-as-tiny, louis-hanoian, motion, patient-medical, people, premera-blue, satya-nadella

By Jim Finkle BOSTON (Reuters) – Health insurer Premera Blue Cross said on Tuesday it was a victim of a cyberattack that may have exposed medical data and financial information of 11 million customers in the latest serious breach disclosed by a healthcare company.

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Authorities closing in on hackers who stole JPMorgan data: NYT

March 16, 2015 publisher attorney-preet, computer-crimes, fbi, hackers, investigation, law-enforcement, making-it-one, newspaper, sign-outside, suspects, the-newspaper, top-prosecutor, united, united-states

(Reuters) – Federal authorities investigating the data breach at JPMorgan Chase & Co are confident that a criminal case will be filed against the hackers in the coming months, the New York Times reported, citing people briefed on the investigation.

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Facebook clarifies rules on banned content

March 16, 2015 publisher attorney-preet, computer-crimes, congress, facebook, internet, mobile-world, often-referred, sign-outside, social-network, while-facebook

Facebook Inc clarified its rules banning certain content from its social network, as the Internet company strives to curb controversial posts such as support for violent militant groups and nudity without damaging its status as a global hub for users to share information. The 1.39 billion-member social network updated its “community standards” late Sunday, providing specific examples of content prohibited under its general rules against direct threats, hate speech and criminal activity.

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Ryan Gosling dismisses ‘Hey Girl,’ discusses new film at SXSW

March 14, 2015 publisher 67th, cairo, egypt, his-office, love, naguib-sawiris, reuters, river, sawiris, speaks-during, telecom

By Piya Sinha-Roy AUSTIN, Texas (Reuters) – With a drop of a microphone, Ryan Gosling dispelled his Internet infamy, saying he had never once uttered the phrase, “Hey Girl,” which has made him a viral phenomenon. Gosling was the anticipated opening day guest at the annual South by Southwest (SXSW) Festival covering film, music and technology in Austin, Texas, being quizzed by Del Toro not on his Internet fame, rather his directorial debut, “Lost River.” But Del Toro threw in cheeky references to the infatuation with Gosling that has made him an online celebrity, such as his love for Disneyland, where he has been photographed on dates, riding rollercoasters. Gosling, 34, responded by blushing and hiding his face in embarrassment, and when Del Toro teased him for finally saying “Hey Girl” while telling a story about never having said the phrase, Gosling dropped the mic, joking he was done

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Snapchat COO Emily White resigns

March 13, 2015 publisher address-whether, desktop, facebook, her-oversight, including-sales, industry-figure, network-during, photo, security, service-secured, spiegel

(Reuters) – Snapchat Chief Operating Officer Emily White has left the company just days after the photo-messaging service secured $200 million in funding from Alibaba Group Holding Ltd at a reported valuation of $15 billion. White has been at the startup just over a year

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Exclusive: IBM looking at adopting bitcoin technology for major currencies

March 12, 2015 publisher allowing-users, behind-bitcoin, bitcoin, currency-system, digital, expand-the-use, paris, person-familiar, picture-taken, tech-companies, york

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the “blockchain,” to create a digital cash and payment system for major currencies, according to a person familiar with the matter. The blockchain – a ledger, or list, of all of a digital currency's transactions – is viewed as bitcoin's main technological innovation, allowing users to make payments anonymously, instantly, and without government regulation.