Reuters Technology Report: July 29, 2015

Click to View in Browser Wednesday, July 29, 2015 Facebook profit falls 9 percent as costs soar, shares slip (Reuters) - Facebook Inc reported a 9 percent fall in quarterly profit as it spent heavily to boost mobile revenue and develop products such as messaging service WhatsApp, photo-sharing app Instagram and virtual reality headset maker Oculus Rift. A fresh Start: Microsoft's Windows 10 wins plaudits (Reuters) - Microsoft Corp's launch of its first new operating system in almost three years, designed to work across laptops, desktop and smartphones, won mostly positive reviews for its user-friendly and feature-packed interface. Being frank not enough, Twitter needs to act (Reuters) - Twitter Inc interim CEO Jack Dorsey's harsh criticism of the company's efforts to woo new users may just be the first step to addressing its long-standing problems. Russians hackers used Twitter, photos to reach U.S. computers: report SAN FRANCISCO (Reuters) - Russian government-backed hackers who penetrated high-profile U.S. government and defense industry computers this year used a method combining Twitter with data hidden in seemingly benign photographs, according to experts studying the campaign. Telecom Italia inks content deal with Netflix MILAN (Reuters) - Telecom Italia will offer TV series and movies from Netflix to its clients after a deal the Italian phone group said would help spur demand for faster Internet in the euro zone's No. 3 economy. Alibaba cloud unit sets sights on Amazon in $1 billion global push BEIJING (Reuters) - China's Alibaba Group Holding Ltd said on Wednesday it would invest $1 billion into its Aliyun cloud computing arm to challenge Amazon.com Inc's lucrative Web Services division, opening a global front in the battle between the two e-commerce giants. Bounce in AMD's stock may put pressure on short sellers SAN FRANCISCO (Reuters) - A two-day rally in the lowly shares of Advanced Micro Devices Inc may be squeezing short sellers, who recently increased their bets against the chipmaker. Volkswagen to offer crash avoidance systems on most U.S. models BELMONT, Calif. (Reuters) - Volkswagen AG , the world's No. 1 automaker, will offer automatic braking and other crash avoidance systems as standard or optional features on most 2016 models sold in the United States beginning later this year, the company said on Wednesday. United Airlines data breached by China-backed hackers: Bloomberg REUTERS - United Continental Holdings Inc has been the target of a data breach linked to a group of China-backed hackers, Bloomberg reported. CGI exiting low-margin markets, eyes M&A in cyber security TORONTO (Reuters) - CGI Group Inc, the information systems and management consultancy, said on Wednesday it would target acquisitions in cyber security while exiting some markets entirely, as it reported third-quarter profit and revenue that missed estimates. Related Video Microsoft aims for 1 billion devices running Windows 10 Microsoft launches Windows 10 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