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Monday, September 29, 2014

Technology Report: EU watchdog to give detail on Apple and Fiat tax investigations

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EU watchdog to give detail on Apple and Fiat tax investigations
BRUSSELS (Reuters) - European Union regulators will provide more details on Tuesday of their reasons for launching in-depth inquiries into tax arrangements reached by Ireland with Apple and by Luxembourg with a Fiat subsidiary.
BlackBerry teases new device plans as turnaround takes shape
TORONTO (Reuters) - Even as BlackBerry pivots to focus more on software and services, the company that gained fame for its smartphones is not giving up on its handset business, two senior executives said.
Vista Equity to buy Tibco Software for $4.3 billion
(Reuters) - Business software maker Tibco Software Inc on Monday agreed to be bought by private equity firm Vista Equity Partners for $4.3 billion, the latest software company to go private after becoming a target for activist investors.
Lenovo says $2.1 billion IBM x86 server deal to close on Wednesday
BEIJING (Reuters) - Lenovo Group Ltd will close its acquisition of International Business Machines Corp's (IBM) x86 server division on Oct 1 for $2.1 billion, giving the Chinese tech firm the firepower to win business clients from U.S. rivals.
Humana to integrate its health application with Apple's HealthKit
(Reuters) - Humana Inc, which manages private Medicare and individual Obamacare insurance plans, said on Monday it has integrated its consumer health application with Apple Inc's HealthKit.
Alibaba options active in U.S. trading debut
NEW YORK (Reuters) - Chinese e-commerce heavyweight Alibaba Group's options were among the most active on Monday, their first day of trading, with an even mix of bullish and bearish bets.
Cisco sets $1 billion investment for global cloud computing network
WASHINGTON (Reuters) - Cisco Systems will invest $1 billion over two years to expand its cloud offerings, the company said on Monday, linking hundreds of data centers and cloud providers around the world in a network with more than 30 partners.
BMW launches automated driving project in China with Baidu
FRANKFURT (Reuters) - German luxury carmaker BMW is teaming up with Chinese internet giant Baidu to start highly automated driving trials in Beijing and Shanghai.
NXT-ID banking on smart wallet to start making profit next year
(Reuters) - Biometric security company NXT-ID Inc expects to turn profitable next year, Chief Executive Gino Pereira said, as the company rolls out a $150 digital wallet as an alternative to new payment services such as Apple Pay.
Nokia says not liable in Mexico damages ruling on former unit
MEXICO CITY (Reuters) - Finland's Nokia said on Monday the liabilities of its former unit Nokia Mexico S.A. de C.V. were now held by Microsoft, responding to a Mexican court ruling that Nokia Mexico would have to pay damages for faulty equipment.
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