MirrorLink Car Smartphone Network Has Vulnerabilities, Claim Researchers

A system of rules that allow vehicles to communicate with smartphones may be vulnerable to hacking, a new study suggests. Many of today’s automobiles leave the factory with secret passengers: prototype software features that are disabled but that can be unlocked by clever drivers, researchers said. In what is believed…

Digital Mapping Firm Here Wants New Investor by Year-End

Digital maps company Here, controlled by German carmakers BMW, Daimler and Volkswagen, aims to find a new investor by the end of the year, Here chief Edzard Overbeek told a German newspaper. “The carmakers want to open the circle of shareholders. We are talking to dozens of parties interested in…

NOW Music+ Streaming Service Launched by Sony, Universal

Two major record labels are rolling out a low-priced music streaming service in the United Kingdom, a rare foray by record companies directly into the field and another sign the industry is finally moving towards more flexible pricing. Now That’s What I Call Music, a joint venture between Universal Music…

Intel to Spin Out McAfee Unit, Sell Stake in Business to TPG

Intel Corp said it would spin out its cyber security division, formerly known as McAfee, and sell a majority stake in it to investment firm TPG for $3.1 billion in cash. TPG will own 51 percent of the new entity, valuing the entire company at $4.2 billion including debt. Intel,…