Christopher McDonough has been named as the new Director of Investments in New Jersey, replacing Timothy Walsh who left the post in August last year, Bloomberg reported.
Government
China said to stop Tencent and Alibaba from offering virtual credit cards
The People's Bank of China has blocked Tencent Holdings Ltd and Alibaba Group from offering customers with virtual credit cards, according to a source interviewed by Bloomberg News.
UK's Business Secretary Vince Cable asks entrepreneur to evaluate technology centers
UK's Business Secretary Vince Cable has commissioned Acorn Computer Co-Founder Hermann Hauser to evaluate how to maximize the government-backed technology centers launched in 2011, the Financial Times reported.
Herbalife says FTC now probing firm's operations
The US Federal Trade Commission has begun an inquiry into the operations of nutrition and weight loss firm Herbalife, an inquiry that has long been asked for by activist investor William Ackman, Reuters reported.
Kaspersky Lab research says Agent.BTZ virus infected at least 400,000 computers in Russia and Europe in 2008
Kaspersky Lab published new research that the old worm known as Agent.BTZ infected at least 400,000 computers in Russia and Europe after breaching the Central Command of the US military, Reuters reported.
Latest News
UK Prime Minister David Cameron has committed more funds to finance research in the field of Internet of things and a grant for startups focused on the space, VentureBeat reported.
Pinterest has published its transparency report on the number of requests it got from government agencies for user data from July to December last year, VentureBeat reported.
The Federal Aviation Administration has filed an appeal to the decision of NTSB Adminstrative Law Judge Patrick Geraghty who ruled that the use of commercial drones was legal, TechCrunch reported.
Jesse Litvak, a former Jefferies & Co Managing Director, was convicted of defrauding buyers in a criminal case connected to the US government's Troubled Asset Relief Program, Bloomberg reported.
The loan-based crowdfuning sector of the UK will be subject to stricter regulations by the UK's Financial Conduct Authority to safeguard the interests of investors and make it more transparent, the Yorkshire Post reported.
The prime minister of Turkey, Recep Tayyip Erdogan, is planning to pass a law that will ban Facebook and YouTube in the country after recordings revealing his group's alleged corruption went viral on the Internet.
In the absence of rules that banned the use of commercial drones, Federal Judge Patrick Geraghty has ruled that these low-flying aircraft can be used for business purposes, TechCrunch reported.
Applications are now being accepted for the third round of the Presidential Innovation Fellows program, the initiative that seeks to leverage on the expertise of the technology industry to improve the lives of Americans and government operations, VentureBeat reported.
Patrick Rock, an advisor to UK Prime Minister David Cameron and one of the pioneers of the country's Internet filtering program, was arrested for allegedly possessing child pornography.
