Foxconn wants in on the hot security market
Foxconn, better known as the maker of hardware like the iPhone, is now eyeing the information security services market. On Thursday it said it would set up a joint venture in May with Korea's SK C&C, an IT services provider, to develop information security systems for the Chinese market.
PayPal to pay $7.7 million settlement for ignoring US rules on money transfers
PayPal has agreed to a $7.7 million settlement for ignoring U.S. sanctions and allowing money transfers to accounts linked to Iran, Cuba, terrorism and weapons of mass destruction. The Treasury Department's Office of Foreign Assets Control detailed a damning string of instances in which the company accepted and processed 486 transactions totaling approximately $43,934 over a five-year period that it should have stopped.
Facebook CEO Mark Zuckerberg kicked off the F8 developer conference with news about Facebook Messenger and the company's virtual reality plans.
One last thing
Fast Company has an excerpt from the new biography, Becoming Steve Jobs.
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