Reuters Technology Report: April 10, 2017

Banks scramble to fix old systems as IT 'cowboys' ride into sunset NEW YORK (Reuters) - Bill Hinshaw is not a typical 75-year-old. He divides his time between his family – he has 32 grandchildren and great-grandchildren – and helping U.S. companies avert crippling computer meltdowns.

Turkey's Vestel: Have started TV talks with Toshiba, outcome yet unclear ISTANBUL (Reuters) - Turkish electronics and appliance maker Vestel on Monday said it was in talks to purchase the television unit of Japan's Toshiba Corp, but said it was unclear whether the deal would be finalised at this point.

Ciber files for Chapter 11 bankruptcy (Reuters) - Information technology company Ciber Inc said on Monday that it and some of its U.S. units filed for bankruptcy protection under Chapter 11 in the U.S. bankruptcy court in the District of Delaware.

Fidelity becomes first asset manager to join blockchain group IC3 NEW YORK (Reuters) - Fidelity Investments Inc has become the first financial institution to join the Initiative for CryptoCurrencies & Contracts, a group of academic institutions and technology companies looking to develop blockchain-based technology.

India's Flipkart raises $1.4 billion from Tencent, eBay, Microsoft MUMBAI (Reuters) - India's top e-commerce firm Flipkart has raised $1.4 billion from Tencent Holdings Ltd, Microsoft Corp and eBay Inc, the company said in a statement on Monday.

Japan's Renesas keen on acquisitions, may issue shares to build warchest: CEO TOKYO (Reuters) - Japanese automotive chip maker Renesas Electronics Corp is hungry for more acquisitions amid a wave of megamergers in the industry and may need to issue equity shares sometime in the future to build its warchest, its CEO said on Monday.

Google offers at least $880 million to LG display for OLED investment: Electronic Times SEOUL (Reuters) - Google Inc has offered to invest at least 1 trillion won ($880.29 million) to help South Korea's LG Display Co Ltd boost output of organic light-emitting diode (OLED) screens for smartphones, the Electronic Times reported on Monday citing unnamed sources.

Computer hack sets off 156 emergency sirens across Dallas (Reuters) - A computer hack set off all the emergency sirens in Dallas for about 90 minutes overnight in one of the largest known breaches of a siren warning system, officials in the Texas city said on Saturday.

New York regulator wants other states to model cyber laws after its rules DENVER (Reuters) - A group of U.S. state insurance regulators should use New York's sweeping cyber security rules as a model for how insurers must protect their networks from hackers and when they must disclose cyber events, New York's financial regulator said on Sunday.

Snapdeal founders move to calm employees amid takeover speculation MUMBAI (Reuters) - The founders of India's Snapdeal told employees in an email on Sunday that the e-commerce company will ensure there is no disruption to staff "as the way forward becomes clear," as speculation of a takeover swirls.