Reuters Technology Report: June 17, 2015

Click to View in Browser Wednesday, June 17, 2015 Obama continues to have confidence in OPM director after breach: White House WASHINGTON (Reuters) - President Barack Obama continues to have confidence in Office of Personnel Management Director Katherine Archuleta despite recent cyber data breaches at the agency, the White House said on Wednesday. Oracle sales, profit miss estimates hurt by a strong dollar (Reuters) - Oracle Corp, a business software and database company, reported fourth-quarter profit and revenue below analysts' average estimates, hurt by a strong dollar and lower revenue from new software licenses business. Virtual reality dominates floor at E3 gaming show LOS ANGELES (Reuters) - Virtual reality gaming, once a distant concept, became the new battleground at this year's E3 industry convention, with developers seeking to win over fans with their immersive headsets and accessories. U.S. tech firm Cisco to invest $10 billion in China expansion BEIJING (Reuters) - Cisco plans to invest more than $10 billion in China along with local business partners over the next several years, the U.S. network equipment maker said on Wednesday, as it seeks to shore up its position against strong domestic rivals. Deutsche Telekom talks to Comcast about T-Mobile US sale: Manager Magazin FRANKFURT (Reuters) - Deutsche Telekom is in talks with U.S. cable company Comcast about a potential sale of T-Mobile US, German Manager Magazin reported on Wednesday, citing sources. Stephen Elop, former Nokia CEO, to leave Microsoft SEATTLE (Reuters) - Stephen Elop, the former top boss at phone-maker Nokia, is one of four high-level executives leaving Microsoft Corp as the company sharpens its focus on software services and the cloud, Chief Executive Satya Nadella announced on Wednesday. In California, Uber driver is employee, not contractor: agency (Reuters) - A driver for Uber is an employee, not a contractor, according to a California ruling that eventually could push up costs for the smartphone-based ride hailing service and hurt the closely watched start-up's valuation. Connectivity for pilots and passengers on display at the Paris Airshow Connectivity is a buzz word at this year's Paris Airshow, with a variety of present and future technologies designed to make life easier for both pilots and passengers on display. Amazon executive sees drone operations ready once FAA finalizes rules WASHINGTON (Reuters) - Amazon.com Inc expects to have drone technology ready for package delivery operations by the time the Federal Aviation Administration finalizes drone regulations, an executive for the online retailer said on Wednesday. AT&T faces potential $100 million U.S. fine over 'throttling' disclosures WASHINGTON (Reuters) - The U.S. Federal Communications Commission on Wednesday proposed a $100 million fine for AT&T Inc , accusing the No. 2 wireless carrier of misleading customers who paid for unlimited data plans about possible slowing of download speeds. Related Video Connectivity for pilots and passengers on display at the Paris Airshow Planet Earth debuts its close-up 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