Reuters - Technology Report

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Wednesday, July 8, 2015

Senate bill would make social media report 'terrorist activity'

WASHINGTON (Reuters) - Social media operators such as Twitter, Facebook and YouTube would have to notify federal authorities of online "terrorist activity," according to the text of a bill approved by the Senate Intelligence Committee and seen by Reuters on Wednesday.

Apple persuades U.S. judge to void $533 million iTunes award

(Reuters) - A federal judge has thrown out a $532.9 million award against Apple Inc and ordered a new trial on damages, in a case where a jury found that the iPhone maker's iTunes software infringed three patents owned by a Texas company.

Apple plans record initial production of new iPhones: WSJ

(Reuters) - Apple Inc is preparing for the largest initial production run for its next iPhones by the end of the year, the Wall Street journal reported.

German car makers in stand-off with Nokia over bid for maps business HERE - sources

FRANKFURT (Reuters) - Germany's big car makers have reached a stand-off with Nokia in their joint bid to buy the Finnish company's maps business HERE, while rival offers appear to be unraveling, sources familiar with the process said.

New Uber boat service seeks to bypass Istanbul's choking traffic

ISTANBUL (Reuters) - With the towering bridges that span the Bosphorus choked by traffic, a new boat service from Uber aims to capitalize on Istanbul's infamous road congestion.

FBI chief warns encryption emboldens would-be Islamic State attackers

WASHINGTON (Reuters) - Barring law enforcement authorities' access to encrypted communications would make it easier for Islamic State sympathizers to attack the United States, FBI Chief James Comey told Senate lawmakers on Wednesday.

Twitter rolls out suite of direct response ad products after struggles

SAN FRANCISCO (Reuters) - Twitter Inc rolled out three new products for its direct response advertising on Wednesday, two months after the company said weak demand for the product had lowered its revenue forecast for the year.

Hackers of Apple, Facebook seen as independent group seeking money

SAN FRANCISCO (Reuters) - A hacking group best known for breaking into top-tier technology companies Apple Inc, Facebook Inc and Twitter Inc more than two years ago is now believed to be one of a handful of highly skilled independent gangs pursuing corporate secrets for profit.

Symantec in talks to sell Veritas storage unit to Carlyle: source

(Reuters) - Software security company Symantec Corp is in talks to sell its Veritas data storage business to private equity firm Carlyle Group LP , a person familiar with the matter said on Tuesday.

Microsoft hangs up on Nokia business, to cut 7,800 jobs

(Reuters) - Microsoft Corp said on Wednesday it would cut 7,800 jobs, or nearly 7 percent of its workforce, and write down about $7.6 billion related to its Nokia phone business.