Reuters Technology Report: May 1, 2015

Click to View in Browser Friday, May 1, 2015 LinkedIn follows Twitter, shocks social media investors (Reuters) - Another day, another shock for investors in social media stocks. Bid to end mass collection of phone data advances in Congress WASHINGTON (Reuters) - A bill to end spy agencies' bulk collection of Americans' telephone data advanced in the U.S. House of Representatives on Thursday, setting up a potential showdown over the program, which expires on June 1. Rocket Internet cuts stakes in two lending sites: Spiegel FRANKFURT (Reuters) - Rocket Internet, a tech investor focused on emerging market ventures, has reduced its stakes in two of its Europe-focused financial services start-ups after facing setbacks there, Germany's Spiegel magazine said. California ACLU group launches app to record possible police misconduct LOS ANGELES (Reuters) - A California civil liberties group launched a mobile application on Thursday that will let bystanders record cell phone videos of possible cases of police misconduct and then quickly save the footage to the organization's computer servers. Free medical for in-laws helps Indian tech start-ups woo talent back from America MUMBAI (Reuters) - After losing top engineering talent for years to America's tech heartland of Silicon Valley, India is luring them back as an e-commerce boom sparks a thriving start-up culture, unprecedented pay, and perks including free healthcare for in-laws. Apple Watch has lowest hardware cost to price: IHS (Reuters) - Apple Inc's Watch has the lowest ratio of hardware costs to retail price across any Apple phone, according to a preliminary estimate by research firm IHS after a teardown study. FireEye raises revenue forecast as demand for cybersecurity rises (Reuters) - Cybersecurity company FireEye Inc raised its full-year revenue forecast as governments and businesses increase spending to protect their networks from sophisticated cyber attacks. China blames hacking attack for recent Internet problems BEIJING (Reuters) - A hacking attack using malware from overseas servers was to blame for Internet problems in China earlier this week that prevented users accessing a number of popular foreign websites, an official state-run newspaper said on Friday. Exclusive: Intel's standstill with Altera expires in June - sources (Reuters) - Intel Corp signed a standstill agreement earlier this year with Altera Corp that expires on June 1, giving the world's largest chipmaker the option to launch a hostile bid after that, according to sources familiar with the matter. U.S. firms lead EU lobbying league BRUSSELS (Reuters) - U.S. companies, including tech rivals Microsoft and Google , were among leading spenders on corporate lobbying in Brussels last year, a Reuters review of new data showed (table below). Related Video Jeff Bezos' rocket company test-flies suborbital spaceship Hands free talk with global reach and style Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2015 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook