Technology Report: Short sellers test the water on Twitter

	Click to View in Browser 11/13/2013 Short sellers test the water on Twitter NEW YORK (Reuters) - Short sellers are starting to circle around Twitter shares, data from SunGard Financial Systems showed on Wednesday, a sign some investors think the stock price will fall after the micro-blogging site had its market debut last week. Snapchat rejected $3 billion buyout offer from Facebook: report SAN FRANCISCO (Reuters) - Mobile messaging startup Snapchat rejected an acquisition offer from Facebook Inc that would have valued the company at $3 billion or more, according to a Wall Street Journal report on Wednesday. Apple, Samsung retrial kicks off over patent damages SAN JOSE, California (Reuters) - Apple squared off against Samsung Electronics at a damages retrial on Wednesday, as the iPhone maker once again tries to secure a legal victory against its biggest mobile rival. Juniper appoints Barclays executive Shaygan Kheradpir CEO (Reuters) - Network gear maker Juniper Networks Inc named Barclays Plc's chief operations and technology officer, Shaygan Kheradpir, as successor to Chief Executive Kevin Johnson. Italy investigates Apple for alleged tax fraud: sources MILAN (Reuters) - U.S. tech giant Apple is under investigation in Italy for allegedly hiding 1 billion euros ($1.34 billion) from the local tax authority, two judicial sources with direct knowledge of the matter told Reuters. Google gives first testimony before Congress since Snowden leaks WASHINGTON (Reuters) - Search giant Google Inc pushed the U.S. government to be more open about its online spying on Wednesday in the first such testimony before Congress by a major technology company since a series of news leaks began in June. Sprint plans to skip upcoming spectrum auction (Reuters) - Sprint Corp said on Wednesday it would not take part in an upcoming government auction of so-called H-Block airwaves, potentially leaving the field clear for Dish Network Corp to buy the spectrum. Nokia's networks chief embarks on new expansion drive HELSINKI (Reuters) - Nokia's telecoms equipment unit, NSN, is focusing on expanding sales after years of concentrating on cost cutting and ditching unprofitable contracts to improve margins, its chief executive said on Wednesday. Samsung aims to double its smartphone sales in Africa in 2014 CAPE TOWN (Reuters) - Samsung Electronics expects to supply half of the smartphones sold in Africa this year and aims to double these sales on the continent in 2014, an executive said. Google's Motorola seeks comeback with low-cost smartphone SAN FRANCISCO (Reuters) - Motorola is betting that low-cost smartphones can provide the spark to rekindle its struggling business, even as the company's ownership by Google Inc will force it to sit out of China, the world's largest smartphone market. Related Video MIT develops guide-drone to ease campus confusion Sea worms could hold key to artificial blood for injured humans 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