Reuters Technology Report: May 13, 2015

Click to View in Browser Wednesday, May 13, 2015 Cisco profit edges past estimates as revenue rises 5 percent (Reuters) - Network equipment maker Cisco Systems Inc's quarterly profit was a cent ahead of market estimates as new switches, routers, wireless gear and servers drove demand. Facebook to let nine news companies publish news to mobile feeds (Reuters) - Facebook Inc tied up with nine news publishers to launch "Instant Articles" that will let them publish articles directly to the social network's mobile news feeds. Nokia plans job cuts in Technologies unit HELSINKI (Reuters) - Finland's Nokia is planning to cut up to 70 jobs from its technologies unit in Finland, its spokeswoman said on Wednesday. White House praises new Facebook minimum wage policy for contractors WASHINGTON (Reuters) - The White House on Wednesday praised Facebook's new minimum wage and family leave policy, which raises minimum hourly salaries for contractors to $15 per hour. WeChat is Tencent's ace in China's online entertainment race BEIJING/LOS ANGELES (Reuters) - In a multi-billion dollar dogfight with Alibaba Group Holding Ltd for leadership in China's online entertainment market, mobile messaging app WeChat is Tencent Holdings Ltd's trump card. Alibaba, Wanda heads' investment firms lead $129 mln fundraising in LeTV sports firm BEIJING/SHANGHAI (Reuters) - Wanda Group's Wang Jianlin and an investment firm founded by Alibaba Group Holding Ltd's Jack Ma took part in a 800 million yuan ($129 million) funding round for a little-known sports entertainment company backed by local tech firm LeTV. AT&T to offer Hulu on website, app this year (Reuters) - AT&T Inc, the No. 2 U.S. wireless company, said on Wednesday its users will be able to access the Hulu streaming video service on its website and mobile app starting later this year. Tencent eyes investing more to build WeChat mobile payment service BEIJING (Reuters) - Tencent Holdings Ltd, China's biggest social network and online entertainment firm, said on Wednesday it might invest more to build up its WeChat messaging app mobile payment service should the opportunity arise. Philippines issues rules on ride-sharing services, as taxis threaten court MANILA (Reuters) - The Philippines issued new rules for ride-sharing services such as Uber on Wednesday, becoming the first country to regulate specifically for such app-based car-hailing operations and prompting threats of legal action from the taxi industry. Limelight did not infringe Akamai patent: U.S. court NEW YORK (Reuters) - Limelight Networks Inc did not directly infringe a patent on managing Web images and video held by rival Akamai Technologies Inc because it did not carry out all the steps, a U.S. appeals court ruled on Wednesday. Related Video Plastic pollution devastating the world's oceans Skeptics pick apart AOL Verizon deal 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