Microsoft Seeks EU Approval for $26 Billion LinkedIn Acquisition

Microsoft Seeks EU Approval for $26 Billion LinkedIn AcquisitionMicrosoft sought EU antitrust approval on Friday for its $26 billion bid for social network LinkedIn, a spokesman said on Friday, kicking off a month-long review by regulators of its largest deal.

“We filed today,” company spokesman Robin Koch said.

He said the European Commission has set a November 22 deadline to examine the case. The EUcompetition authority can either clear the deal with or without concessions or it can open a lengthy investigation if it has serious concerns.

(Also see:  Microsoft Dives Into Social With LinkedIn Deal)

US software company Salesforce has criticised the takeover, saying it threatens innovation and competition.

Microsoft is expected to say that there is more than enough competition from Facebook and social networks on smartphones.Antitrust regulators in the United States, Canada and Brazil have already cleared the deal.

© Thomson Reuters 2016

Tags: Microsoft, EU, LinkedIn, Microsoft LinkedIn Deal
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Delhi High Court Seeks Centre’s Response on WhatsApp-Facebook Data Sharing

Delhi High Court Seeks Centre's Response on WhatsApp-Facebook Data Sharing

Delhi High Court Seeks Centre’s Response on WhatsApp-Facebook Data Sharing
HIGHLIGHTS
WhatsApp updated its privacy policy earlier this month
It has, thus, stirred a controversy among the users
Delhi HC has asked govt. to submit replies by September 14
WhatsApp’s recent decision to share user data with parent company Facebook has reached the doorstep of the Delhi High Court, which sought the government’s response on the modification of the new privacy policy.

In a controversial move, the popular messaging platform has said it will begin “coordinating” accounts with Facebook by sharing users’ mobile phone numbers and device information with Facebook. It is, however, giving users a 30-day window to opt out of sharing their details.

(Also see: How to Stop WhatsApp From Sharing Your Details With Facebook)

The plans of WhatsApp – which has long promised to safeguard the privacy of more than 1 billion users — had rung alarm bells among privacy advocates.

Following a petition by two users, a High Court bench issued notice to the Centre, asking the concerned authorities to file their reply by September 14.
The petition had alleged that WhatsApp, Facebook Inc and Facebook India Online Private Limited’s new private policy “compromises the rights of its users”.

The current privacy policy is in “stark contrast” to the one from July 7, 2012, the petition read. The revised policy of August 25, 2016, “severely compromises the rights of its users and makes the privacy rights of users completely vulnerable,” the plea alleged.

The new policy, which is likely to come into force from September 25, has sought to change the “most valuable, basic and essential feature” of WhatsApp, the petition read.

It “unilaterally” threatened to “take away the protection to privacy of details and data of its users and sharing the same with Facebook and all its group companies including for the purpose of commercial advertising and marketing”.

Appearing for the petitioners, senior advocates Sandeep Sethi and Pratibha M Singh, called it a “very serious breach of policy”.

The manner of taking consent was “highly deceptive in as much as almost the entire community of users of WhatsApp in India are not equipped to even read, much less comprehend” the terms and conditions, they said.

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Tags: WhatsApp, Facebook, Apps, Privacy, Social, India

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Kingfisher airlines saga: SFIO seeks loan info from banks

Beleaguered liquor baron Vijay Mallya and Kingfisher Airlines owe over Rs9,000 crore, including interest, to a consortium of 17 lenders led by State Bank of India. Mallya saga: SFIO seeks loan details from banks

Beleaguered liquor baron Vijay Mallya and Kingfisher airlines owe over Rs9,000 crore, including hobby, to a consortium of 17 lenders led by using kingdom financial institution of India. Mallya saga: SFIO seeksmortgage info from banks
Mumbai: The critical Fraud research office (SFIO), the investigative employer for white collar crimes, has sought loan info from lenders to the Vijay Mallya-owned defunct Kingfisher airways.

“Banks had been asked to provide all of the information of the loans given to the Kingfisher airways. Theenterprise desires to recognise whether all of the procedures had been observed by the lenders at the same time as giving loans to the airways,” a banking official said, adding the information have beenfurnished.

As a multi-disciplinary employer, the SFIO probes cases of financial frauds which are stated it by way ofthe company affairs ministry.

in keeping with a banker, by way of asking these details, the SFIO is probably looking to ascertainwhether or no longer there have been any lapses on part of the lenders in the entire Kingfisher airwaysloan saga. remaining month, company affairs minister Arun Jaitley, in a written reply to the Rajya Sabha, had said the SFIO become investigating the lengthy-grounded Kingfisher airways for alleged financialirregularities.

“The SFIO is currently investigating Kingfisher airways. for the reason that probe is in development, nofeedback are offered at this level,” Jaitley had knowledgeable Parliament in a written respond.

Beleaguered liquor baron Mallya and Kingfisher airways owe over Rs.9,000 crore, which includes interest, to a consortium of 17 lenders led by using nation bank of India. other lenders include Punjabcountrywide financial institution, financial institution of Baroda, Canara bank, bank of India, Federalfinancial institution, Uco financial institution, United bank of India and Dena financial institution,amongst others.

On 14 June, a special Prevention of money Laundering Act (PMLA) court in Mumbai had declared Mallya a proclaimed culprit in a mortgage default case. The court docket issued the order on a plea by way of the Enforcement Directorate (ED), which has been asking Mallya to enroll in investigations “in individual” in its PMLA probe in opposition to him and others in the Rs.900 crore alleged loan fraud concerning IDBIfinancial institution.

On 11 June, the ED had attached homes really worth Rs.1,411 crore of Mallya and UB Ltd in connection with its money laundering probe within the IDBI bank mortgage default case. The property broughtunder the “provisional attachment” order include financial institution stability of Rs.34 crore, a flat everyin Bengaluru and Mumbai (2,291 sqft and 1,three hundred sqft respectively), an business plot in Chennai (4.5 acres), a espresso plantation in Coorg (28.seventy five acres) and home and commercial areas in UBmetropolis and the Kingfisher Tower in Bengaluru (84,0279 squareft).

Mallya had left the u . s . to Brtiain on 2 March the use of his diplomatic passport and London has grew to become down New Delhi’s request to deport him.

Kodak Moments App Seeks to Separate Precious Photo Memories

Kodak Moments App Seeks to Separate Precious Photo Memories

Kodak, a brand once synonymous with photographic memories, is creating an app meant for highlighting special moments such as birthdays.

Kodak Alaris, the company behind the new Kodak Moments app, believes its app can separate precious memories from everyday snapshots of lunch and commutes on Facebook and Instagram. People annotate the shots they share with a few paragraphs of text. Shots can be shared on Facebook and elsewhere, but annotations require the app to view.

“Some photos are real keepers. They capture a moment and connect with people on a deeper level. Introducing the new Kodak Moments app. Now you can go one step further and turn those favorite Moments into stories worth sharing. Make them look their best with easy-to-use photo editing tools & layouts, and share them with friends and followers. Create beautiful printed products and send them to your local retailer for same day pick-up or have them shipped right to your door,” the app’s description reads.

Kodak Alaris separated from the main Kodak company in the 2013 bankruptcy reorganization.

Kodak Moments for iOS is available immediately in the US. Android version is coming soon, with the app expected to become available in other regions as well.

The app will be free, without ads. The company plans to make money by selling printing services.

Written with inputs from AP

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Tags: Apple, Apps, Cameras, iTunes, Kodak, Kodak Moments
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