Reuters Technology Report: May 8, 2015

Click to View in Browser Friday, May 8, 2015 EU, U.S. close to data sharing deal for security cases: sources BRUSSELS (Reuters) - The European Union and the United States are close to completing negotiations on a deal protecting personal data shared for law enforcement purposes such as terrorism investigations, three people familiar with the matter said. USAA creates research team to study use of bitcoin technology NEW YORK (Reuters) - USAA, a San Antonio, Texas-based financial institution serving current and former members of the military, is studying the underlying technology behind the digital currency bitcoin to help make its operations more efficient, a company executive said. EU antitrust regulators query Qualcomm rivals on its business practices BRUSSELS (Reuters) - EU antitrust regulators are asking Qualcomm's rivals how the U.S. chipmaker's business practices and the way it licenses its products affect them, as part of an investigation begun seven months ago, a document seen by Reuters showed. Cuba says in advanced talks with China's Huawei over telecoms RIVIERA MAYA, Mexico (Reuters) - Cuba is in advanced talks with Chinese telecoms equipment company Huawei to do more business on the Communist island, Cuban finance minister Lina Pedraza said on Friday. Ericsson extends patent suits against Apple to Europe STOCKHOLM (Reuters) - Swedish telecom equipment maker Ericsson has filed lawsuits in Germany, Britain and the Netherlands against Apple over technology license payments, Ericsson said on Friday, extending a U.S. battle between the firms to Europe. Alibaba has a new CEO, but it's still Jack's house SHANGHAI (Reuters) - When Alibaba Group Holding Ltd's eccentric founder Jack Ma stepped down as CEO two years ago, he declared "the Internet belongs to young people," and promised that most of the company's leaders born in the 1960s would soon retreat from management. Alibaba in talks to buy $1.2 billion stake in India phone maker Micromax: sources MUMBAI (Reuters) - Alibaba Group Holding is in talks with India's Micromax Informatics to buy an about 20 percent stake in the smartphone maker, helping the Chinese e-commerce giant expand in one of the world's fastest growing markets for the devices, several people with direct knowledge of the matter said. German carmakers may need help to bid for Nokia's high-tech maps FRANKFURT (Reuters) - German car companies may need help to compete with a wealthy field of bidders for Nokia's high-tech mapping unit HERE, as the entry of technology company Uber into the fray signals interest from deep-pocketed Silicon Valley players, bankers and executives close to the deal said. GM expects to fall short of 2017 electric vehicles target DETROIT (Reuters) - General Motors Co said it will fall short of its goal of having 500,000 GM vehicles on U.S. roads by 2017 that are powered by some form of electricity. Music streamer Spotify revenues topped 1 billion euros in 2014 STOCKHOLM (Reuters) - Online music streaming service Spotify's revenues leapt 45 percent to top 1 billion euros ($1.1 billion) last year, though its operating loss widened due to product development and expansion costs, its holding company said. 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