Reuters Technology Report: May 7, 2015

Click to View in Browser Thursday, May 7, 2015 NSA's phone spying program ruled illegal by appeals court NEW YORK (Reuters) - A U.S. spying program that systematically collects millions of Americans' phone records is illegal, a federal appeals court ruled on Thursday, putting pressure on Congress to quickly decide whether to replace or end the controversial anti-terrorism surveillance. EU antitrust regulators not probing Qualcomm licensing deals -EU source BRUSSELS (Reuters) - European Union antitrust regulators are not investigating U.S. chipmaker Qualcomm's patent licensing deals, an EU source said on Thursday in response to media reports saying that scrutiny of the company had been expanded to this issue. Huawei undeterred by Nokia's Alcatel-Lucent deal BRUSSELS (Reuters) - China's Huawei Technologies [HWT.UL] is undeterred by the merger of telecoms equipment rivals Nokia and Alcatel-Lucent and will keep growing in Europe, its rotating Chief Executive Guo Ping told Reuters on Thursday. Nvidia's revenue forecast misses estimates due to lower PC sales (Reuters) - Nvidia Corp forecast lower-than-expected revenue for the second quarter, weighed down by lower demand for its graphic processor units due to a fall in personal computer sales and a stronger dollar. Alibaba revenue tops bearish expectations, new CEO named SHANGHAI/HONG KONG (Reuters) - Alibaba Group Holding Ltd on Thursday posted a 45 percent rise in quarterly revenue, and shares of the Chinese e-commerce company jumped nearly 7 percent as investors cheered a smoother-than-expected transition to mobile transactions, which surpassed those from personal computers for the first time. Wearable fitness tracking device maker Fitbit files for IPO (Reuters) - Fitbit Inc, a maker of wearable fitness tracking devices, filed with U.S. regulators on Thursday for an initial public offering of its Class A common stock. Spotify plans to enter Web video business: WSJ (Reuters) - Music streaming service Spotify is laying plans to enter the Web video business and has been in discussions with several digital media players about potential partnerships, the Wall Street Journal said, citing people familiar with the matter. Chinese authorities visit Uber's Chengdu office SHANGHAI (Reuters) - Authorities in China's southwestern city of Chengdu visited the offices of Uber on Wednesday as part of a new investigation into the online taxi-hailing service, a spokeswoman for Chengdu's transportation commission said. New York banking regulator grants first charter to bitcoin company NEW YORK (Reuters) - ItBit Trust Company, LLC, a bitcoin exchange, has been granted a charter under New York State's banking law, becoming the first virtual currency company to receive a charter in the state, according to New York's Department of Financial Services. AT&T Mexico chief: will take 'couple of years' to shape up Mexico business RIVIERA MAYA, Mexico (Reuters) - AT&T Inc will take "a couple of years" to shape up its new business in Mexico, where it competes with billionaire Carlos Slim's dominant carrier America Movil, AT&T Mexico Chief Executive Thaddeus Arroyo said in an interview on Thursday. Related Video Brain model implanted into virtual mouse body 'Suicide switches' on cancer drug cutting edge 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