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Apple to create $1 billion US advanced manufacturing fund

SAN FRANCISCO: Apple Inc plans to create a $1 billion fund to invest in US companies that perform advanced manufacturing, Chief Executive Officer Tim Cook said on Wednesday, the iPhone maker's latest effort to show how it is creating US jobs. The Cupertino, California company will announce the fund's first investment later in May, Cook said during an interview on CNBC. Cook also said Apple plans to fund programs that could include teaching people how to write computer code to create apps, and will release more details…

Microsoft to continue to invest over $1 billion a year on cyber security

TEL AVIV: US software firm Microsoft Corp will continue to invest over $1 billion annually on cyber security research and development in the coming years, a senior executive said. This amount does not include acquisitions Microsoft may make in the sector, Bharat Shah, Microsoft vice president of security, told Reuters on the sidelines of the firm's BlueHat cyber security conference in Tel Aviv. "As more and more people use cloud, that spending has to go up," Shah said. While the number of attempted cyber attacks was…