Technology Report: Twitter hit with $124 million lawsuit over private stock sale

	Click to View in Browser 10/30/2013 Twitter hit with $124 million lawsuit over private stock sale NEW YORK (Reuters) - Twitter Inc was sued for $124 million on Wednesday by two companies claiming the social media darling fraudulently had them organize a private sale of its shares to stoke investor interest for an initial public offering then canceled it. NSA intercepts Google, Yahoo traffic overseas: report SAN FRANCISCO (Reuters) - The National Security Agency has tapped directly into communications links used by Google and Yahoo to move huge amounts of email and other user information among overseas data centers, the Washington Post reported on Wednesday. It was unclear how the NSA accessed the links. Twitter's 'anti-Facebook' IPO tactics win over some investors NEW YORK (Reuters) - Institutional investors who met with Twitter Inc this week say they are optimistic about its initial public offering and see little sign of the irrational exuberance that preceded Facebook Inc's splashy coming-out party in 2012. Sprint demonstrates 1 gigabit wireless data speeds (Reuters) - Sprint Corp said on Wednesday it has demonstrated ultra-fast wireless data speeds of 1 gigabits per second, about 16 times faster than its current peak speeds and rivaling the fastest wireline speeds. Tech startups bring jobs to low-tax Ireland DUBLIN (Reuters) - Small tech firms are set to create up to 2,000 jobs in Ireland, following the lead of web giants like Google and Facebook, the country's investment agency said on Wednesday as nine firms announced hundreds of new positions. India's Infosys to pay $34 million in U.S. visa case BANGALORE/WASHINGTON (Reuters) - Tech services giant Infosys Ltd agreed on Wednesday to pay $34 million to end a U.S. investigation related to the widespread practice by Indian firms of flying workers to client sites in the United States on temporary visas. Nokia wins mobile patent judgment in UK against HTC HELSINKI (Reuters) - Finnish telecoms group Nokia scored another victory on Wednesday in its patent battle against Taiwan-based rival HTC Corporation with a British court ruling in its favor over mobile telecoms technology. Intel looking to exit TV project, in talks with Verizon (Reuters) - Chipmaker Intel Corp is having second thoughts about getting into the television business and is in talks with Verizon Communications Inc to take over its Internet TV initiative, a source familiar with the matter said on Wednesday. French online start-up Criteo shares pop in market debut NEW YORK/PARIS (Reuters) - Shares in French online advertising firm Criteo rose more than 30 percent in its stock market debut on Nasdaq on Wednesday, showing investor appetite for technology start-ups and delivering a payday to its venture capital backers. New rule to ring in costly accounting change for telcos LONDON (Reuters) - Standard setters have reached broad agreement on the first global rule telling companies how to book revenues in a reform that may encourage listings and bump up IT costs for telcos. Related Video Dream Chaser space taxi debuts in California skies Autonomous RoboBee no flight of fancy Mediafile A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend