Reuters Technology Report: May 12, 2015

Click to View in Browser Tuesday, May 12, 2015 Google's self-driving cars involved in 11 accidents, director says (Reuters) - Internet search company Google Inc's self-driving cars have been involved in 11 accidents, but have not been the cause of any, over the last six years since the project began, the program's director said on Monday. Facebook may sue lawyers over fugitive's lawsuit: NY judge NEW YORK (Reuters) - Facebook Inc may pursue a lawsuit against law firms that represented a New York man who recently turned fugitive rather than face federal charges that he tried to defraud founder Mark Zuckerberg out of half of the company, a judge ruled on Monday. Startup NerdWallet raises $64 million in first round of funding SAN FRANCISCO (Reuters) - NerdWallet said it had raised $64 million in its first round of funding, far more cash than it needs to run the personal finance startup, in part to underscore its growth and show it has the potential to one day be valued at over $1 billion. Fitness software firm Mindbody files for IPO (Reuters) - Mindbody Inc, a maker of software to help run fitness and yoga studios, filed with U.S. regulators on Monday for an initial public offering of common stock. Web hosting company Rackspace forecasts revenue below Street (Reuters) - Rackspace Hosting Inc , a web hosting company, forecast revenue for the current quarter below market estimates and said a strong dollar hurt its revenue growth in the first quarter. Uber tests cash payments for cabs in India MUMBAI (Reuters) - Uber is testing cash payments in India as the online taxi-hailing company seeks a stronger foothold in a country where many fewer people have credit cards than internet connections. Enel offers to help build Italy's fibre broadband network MILAN/ROME (Reuters) - Italian power utility Enel has written to the Italian communications regulator offering to help with building a nationwide ultrafast broadband telecoms network, a move that could bring it into conflict with Telecom Italia. SoftBank names Nikesh Arora president and Son's likely successor TOKYO (Reuters) - Japan's SoftBank Corp unveiled a management reshuffle on Monday, appointing investments head Nikesh Arora as president and naming him as a potential successor to CEO Masayoshi Son, as the telecoms conglomerate steps up its overseas expansion. Late to the party, global banks try to muscle into India's start-up boom MUMBAI (Reuters) - Global investment banks are scrambling to get a piece of the action from India's booming technology start-ups, having missed out on the initial flurry of deal-making to their better-connected but much smaller domestic rivals. Toshiba shares skid 17 pct on accounting probe; $2.5 billion wiped off market value TOKYO (Reuters) - Fears over Toshiba Corp's second probe into its own accounting in two years wiped close to $2.5 billion off the Japanese industrial giant's market value on Monday, with analysts saying lingering doubt on the root of the problem will keep investors on edge. Related Video Cyborg beetles to the rescue Bolivia's low-cost silent solar car 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