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By Julia Fioretti and Michele Sinner BRUSSELS/LUXEMBOURG (Reuters) - A system enabling data transfers from the European Union to the United States by thousands of companies is invalid, the highest European Union court said on Tuesday in a landmark ruling that will leave firms scrambling to find alternative measures. "The Court of Justice declares that the Commission’s U.S. Safe Harbor Decision is invalid," it said in a statement. The decision could sound the death knell for the Safe Harbor framework set up fifteen years ago to help companies on both sides of the Atlantic conduct everyday business but which has come under heavy fire following 2013 revelations of mass U.S. snooping. more...

Facebook Inc updated its Newsfeed feature on Tuesday so that content loads quickly even with weak Internet connections. Many of Facebook's users are in emerging markets with weak 2G connections, such as India, Brazil and Mexico, where it is difficult to load pictures and videos that use more data. The update is part of an effort by Facebook to get more users in these countries as it has largely saturated the U.S. and western European markets. more...

Sony Corp said it will split off its semiconductors operations in a bid to bolster growth in devices such as image sensors, which have helped lead a turnaround at the Japanese electronics maker. Sony said the move was part of the company's push to give autonomy to its business units to accelerate decision-making and make them more accountable for their profitability. Its sensor rivals include OmniVision Technologies and Samsung Electronics . more...

By Joseph Menn SAN FRANCISCO (Reuters) - Cisco Systems Inc said it had managed to disrupt the spread of one of the most pernicious systems for infecting Internet users with malicious software such as so-called ransomware, which demands payment for decrypting users' data. The investigators from Cisco's Talos security unit were looking at the Angler Exploit Kit, which analysts at several companies say has been the most effective of several kits at capturing control of personal computers in the past year, infecting up to 40 percent of those it targeted. The provider, Limestone Networks, pulled the plug on the servers and turned over data that helped show how Angler worked. more...

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