Reuters Technology Report: July 21, 2015

Click to View in Browser Tuesday, July 21, 2015 Apple gives weak forecast, sending shares down 8 percent (Reuters) - Apple Inc forecast fourth-quarter revenue below estimates, sending its shares down 8 percent in after-hours trading, despite reporting strong iPhone sales. Microsoft posts $3.2 billion loss as it writes down Nokia phone business (Reuters) - Microsoft Corp reported a $3.2 billion quarterly net loss, hurt by charges related to its Nokia phone business and job cuts, and weak demand for its Windows operating system. Facebook must hand over New York users' info to prosecutors, court rules (Reuters) - Facebook Inc cannot challenge search warrants New York prosecutors used to get information from its site on hundreds of users suspected of Social Security fraud, a state appeals court said on Tuesday, in a decision likely making it harder for New Yorkers to keep their digital lives private. Targeted ads to drive mobile video business, Verizon CFO says NEW YORK (Reuters) - Verizon Communications Inc 's upcoming mobile video service will drive revenue with a combination of highly targeted ads, exclusive content and pay-per-view live concerts and sporting events, Chief Financial Officer Fran Shammo said in an interview on Tuesday. Security experts hack into moving car and seize control SAN FRANCISCO (Reuters) - A pair of veteran cybersecurity researchers have shown they can use the Internet to turn off a car's engine as it drives, sharply escalating the stakes in the debate about the safety of increasingly connected cars and trucks. Yahoo reports quarterly loss as it spends more to attract eyeballs (Reuters) - Yahoo Inc reported a quarterly loss, hurt by higher spending to attract users to its websites to better compete with Google Inc and Facebook Inc . Toshiba CEO quits over accounting scandal TOKYO (Reuters) - Toshiba Corp's chief executive Hisao Tanaka and a string of other senior officials resigned on Tuesday for their roles in the country's biggest accounting scandal in years. German car makers close to clinching Nokia maps deal for $2.74-3.29 billion: sources FRANKFURT/BERLIN (Reuters) - Germany's premium car makers are close to a deal to buy Nokia's HERE map business for between 2.5 billion and 3 billion euros ($2.74 billion to $3.29 billion), but a final agreement hinges on the question of who owns the patents which help self-driving cars talk to mobile networks, two sources familiar with the deal told Reuters on Tuesday. Apple says App Store, other services resume after three hours (Reuters) - Apple Inc said App Store, Apple Music, iTunes Store and some other services are back online, after a more than three hour outage. Verizon cuts revenue outlook as price war continues (Reuters) - Verizon Communications Inc on Tuesday lowered its full-year revenue target as it fends promotions from its competitors. Related Video Back-up electric power "will save pilots' lives" Hackers claim cheating site cheats customers 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