Reuters - Technology Report

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Tuesday, August 30, 2016

EU hits Apple with 13 billion euro Irish tax demand

BRUSSELS/DUBLIN (Reuters) - The European Commission ordered Apple Inc. to pay Ireland unpaid taxes of up to 13 billion euros ($14.5 billion) on Tuesday as it ruled the firm had received illegal state aid.

Twitter to share ad revenue on videos by U.S. users

(Reuters) - Twitter Inc on Tuesday stepped up its battle to attract video talent to its platform, saying it will allow U.S. users who upload a video to share in any advertising revenue it generates.

Google expands nascent ride-sharing service: WSJ

(Reuters) - Alphabet Inc's Google unit plans to open its ride-sharing program to Waze app users in San Francisco this fall, pitting itself against Uber Technologies Inc [UBER.UL], the Wall Street Journal reported.

Uber hires senior Target executive to lead global operations

(Reuters) - Uber Technologies Inc [UBER.UL] has plucked a top executive from U.S. retailer Target to help lead the growing ride-services company and reshape its image.

Palo Alto forecasts revenue below estimates, shares drop

(Reuters) - Cyber security firm Palo Alto Networks Inc forecast current-quarter revenue and profit below analysts' estimates, sending its shares down 3 percent in extended trading on Tuesday.

Google cloud unit close to winning PayPal business: CNBC

(Reuters) - Alphabet Inc's Google is close to winning PayPal Holdings Inc as a client for its cloud business, potentially beating out Amazon.com Inc and Microsoft Corp, CNBC reported on Tuesday.

SpaceX signs first customer for used Falcon rocket

CAPE CANAVERAL, Fla. (Reuters) - Elon Musk's SpaceX has signed its first customer to use a previously flown rocket, with launch planned for later this year, the companies said on Tuesday.

General Atomics lawsuit to delay Heron drone program: Germany

BERLIN (Reuters) - Germany's Defence Ministry on Tuesday informed lawmakers that its plan to lease armed Heron TP drones from Israel Aerospace Industries [ISRAI.UL] will be delayed by months given a fresh legal challenge filed by U.S. weapons maker General Atomics.

University study finds flaws in criticism of St. Jude cyber security

(Reuters) - University of Michigan researchers on Tuesday said their own experiments undermine recent allegations of security flaws in St. Jude Medical Inc's pacemakers and other implantable medical devices.

British tech champion ARM's sale to Japan's SoftBank wins shareholder nod

LONDON (Reuters) - Shareholders in British technology company ARM approved its sale to Japan's SoftBank on Tuesday, marking the end of independence for the chip designer that powered the smartphone revolution.