Reuters Technology Report: June 10, 2015

Click to View in Browser Wednesday, June 10, 2015 Apple Music cautiously embraced by record industry SAN FRANCISCO (Reuters) - A decade ago, Apple Inc helped revitalize a music industry hit hard by online piracy with its iTunes Store. Now, amid a steady slump in digital downloads, the industry is hopeful that the tech giant's new streaming service will give record companies another desperately needed boost. Apple Music faces antitrust scrutiny in NY, Connecticut: NYT (Reuters) - Attorneys general in New York and Connecticut are investigating whether the deals that Apple Inc has struck with music companies for its new streaming service violate antitrust laws, the New York Times reported. Alibaba's Ma sees $1 trillion in transactions in five years (Reuters) - Chinese e-commerce company Alibaba Group Holding Ltd is aiming to more than double its transaction volumes to more than $1 trillion in five years, Executive Chairman Jack Ma told a conference in Chicago on Wednesday. Apple drives vehicles to collect data to improve Maps (Reuters) - Apple Inc said it was driving vehicles around the world to collect data that will be used to improve Apple Maps. Cyber attack on German parliament still active, could cost millions: media BERLIN (Reuters) - A cyber attack on the German Bundestag lower house of parliament reported last month is still stealing data and could force officials to spend millions of euros replacing the entire computer system, German media reported on Wednesday. Exclusive: Digital Realty seeking to acquire Telx (Reuters) - Digital Realty Trust Inc is working on a bid to acquire private equity-owned data center peer Telx Group Inc for more than $2 billion, in a deal that would diversify its business, according to people familiar with the matter. AMS shares slide after report firm lost Apple contract ZURICH (Reuters) - Shares in AMS AG sank on Wednesday following a report in Swiss newspaper Finanz und Wirtschaft that the Swiss-listed sensor manufacturer had lost a key contract with Apple. Box raises forecast as more customers sign up for cloud storage (Reuters) - Cloud storage provider Box Inc raised its full-year forecast as more customers subscribed to its content-sharing platform. Dozens arrested in European cyber crime sweep: Europol AMSTERDAM (Reuters) - Police have arrested 49 suspected members of a cyber crime syndicate in Spain, Poland and Italy who are suspected of stealing million of euros from European bank accounts, Europol said on Wednesday. Alibaba's Ma, visiting New York, says not in America to compete NEW YORK (Reuters) - Chinese e-commerce titan Alibaba Group Holding Ltd does not want to fight for U.S. market share but instead hopes to help small U.S. businesses sell more goods in China, Executive Chairman Jack Ma said. Related Video Cheap solar panel production solution: prison labor Honey-based mead may curb antibiotic resistance, say makers 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