Reuters Technology Report: May 15, 2015

Click to View in Browser Friday, May 15, 2015 Top U.S. hedge funds continue to dump Apple stakes amid rally NEW YORK (Reuters) - Top U.S. hedge fund management firms, including Leon Cooperman's Omega Advisors and Philippe Laffont's Coatue Management, continued to reduce or slash stakes altogether in Apple Inc during the first quarter, as shares of the iPhone maker rallied. California man sues Uber claiming it stole ride-sharing idea (Reuters) - A California man has sued Uber Technologies Inc and its Chief Executive Officer Travis Kalanick, claiming they stole his idea for a cellphone-based car hailing service. Top hedge fund managers boost stakes in Alibaba in first quarter NEW YORK (Reuters) - Top U.S. hedge fund managers increased their stakes in Alibaba Group Holding Ltd at the end of the first quarter, positioning themselves to take advantage of any upswing after the Chinese e-commerce giant's shares were beaten down by a surprise revenue miss in January. Google's self-driving cars to hit roads, with steering wheels DETROIT (Reuters) - Google Inc will begin testing self-driving cars of its own design on public roads this summer, but they will have steering wheels and brakes, which is not what the company described a year ago. Google versus Oracle case exposes differences within Obama administration SAN FRANCISCO/WASHINGTON (Reuters) - The Obama administration has been locked in internal wrangling over what position to take in high profile litigation between two American technology giants, Google and Oracle, according to multiple sources familiar with the discussions. It faces an end-of-May deadline to decide whether to take sides in a case before the U.S. Supreme Court that will have wide implications for the technology industry. Taiwan orders Alibaba's Taobao out for rule violation: reports HONG KONG (Reuters) - Taiwan has ordered Alibaba's online marketplace Taobao to withdraw from the island within six months for violating investment rules required for a Chinese company, Chinese and Taiwanese media said on Thursday. Facebook 'tramples European privacy law': Belgian watchdog BRUSSELS (Reuters) - Belgium's privacy watchdog accused Facebook on Friday of trampling on European privacy laws by tracking people online without their consent and dodging questions from national regulators. Want to know where to get high? There's an app for that LONDON (Reuters) - Cannabis users looking for someone to share a joint with have a new app that lets them find like-minded smokers around the world. Toshiba sets up new panel to expand accounting probe TOKYO (Reuters) - Toshiba Corp has set up a committee headed by a former prosecutor to broaden a probe of accounting irregularities that overstated operating profits by at least $420 million in recent years. China wireless carriers to slash contract prices, could spur 4G boom BEIJING (Reuters) - China's three state-owned wireless carriers said on Friday they will cut mobile data prices and boost data speeds this year, potentially spurring a mass migration of customers to more lucrative 4G contracts. Related Video Live-streaming apps Persicope, Meerkat gain mass popularity The future of cuddly robots 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