Reuters - Technology Report

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Tuesday, October 13, 2015

Intel revenue beats Street as data center focus offsets PC weakness

(Reuters) - Intel Corp reported better-than-expected quarterly profit and revenue as strong performance in its data center and Internet-of-Things businesses more than made up for continued weak demand for its chips used in personal computers.

Twitter announces layoffs as CEO Dorsey looks to revive growth

(Reuters) - Twitter Inc will lay off up to 336 employees, or about 8 percent of its workforce, as co-founder Jack Dorsey readies to revive growth in the microblogging service provider's user base in his second stint as chief executive.

EMC to pay up to $2.5 billion to Dell if it opts for rival bid

(Reuters) - EMC Corp said it would pay Dell Inc [DI.UL] up to $2.5 billion in termination fees if the data-storage company accepts a "superior proposal".

Uber to suspend unlicensed UberPOP service in Brussels

BRUSSELS (Reuters) - Uber Technologies Inc [UBER.UL], the company behind the popular ride-hailing service, said on Tuesday it would suspend its unlicensed UberPOP service in Brussels after a court ordered it shut down.

U.S. judge says Apple e-books antitrust monitor's term to end

NEW YORK (Reuters) - A U.S. judge on Tuesday agreed to not extend the term of a court-appointed monitor assigned to review Apple Inc's antitrust compliance program despite the difficult environment the monitor faced in dealing with the iPad maker.

Twitter suspends two sports accounts after video sharing complaints: NYT

(Reuters) - Twitter Inc suspended two high-profile accounts that posts highlights while games are on, after major U.S. sports leagues protested, the New York Times reported on Tuesday.

Activist Ancora threatens another proxy fight at Shutterfly

(Reuters) - Activist investor Ancora Advisors on Tuesday ramped up pressure on Shutterfly Inc, saying in a letter that the digital imaging company has failed to quickly address concerns that shareholders voiced earlier this year, and threatened another proxy fight.

Ontario to allow tests of self-driving cars on public roads

TORONTO (Reuters) - Ontario will be the first Canadian province to allow self-driving cars to be tested on its roads, the transport ministry said on Tuesday, announcing a pilot program to start next year.

New York Times offers daily digital access with newsstand copies

(Reuters) - The New York Times Co said it will offer unlimited access to its website and mobile app for a day to anyone who buys a paper from a newsstand starting Tuesday.

India drafts rules to regulate Uber, other ride-hailing firms

NEW DELHI (Reuters) - India has drafted guidelines to regulate ride-hailing companies, including U.S.-based Uber [UBER.UL] and its domestic rival Ola, for the first time laying down federal rules that could end months of uncertainty on how they operate in the country.