Reuters Technology Report: July 8, 2015

Click to View in Browser Wednesday, July 8, 2015 Senate bill would make social media report 'terrorist activity' WASHINGTON (Reuters) - Social media operators such as Twitter, Facebook and YouTube would have to notify federal authorities of online "terrorist activity," according to the text of a bill approved by the Senate Intelligence Committee and seen by Reuters on Wednesday. Apple persuades U.S. judge to void $533 million iTunes award (Reuters) - A federal judge has thrown out a $532.9 million award against Apple Inc and ordered a new trial on damages, in a case where a jury found that the iPhone maker's iTunes software infringed three patents owned by a Texas company. Apple plans record initial production of new iPhones: WSJ (Reuters) - Apple Inc is preparing for the largest initial production run for its next iPhones by the end of the year, the Wall Street journal reported. German car makers in stand-off with Nokia over bid for maps business HERE - sources FRANKFURT (Reuters) - Germany's big car makers have reached a stand-off with Nokia in their joint bid to buy the Finnish company's maps business HERE, while rival offers appear to be unraveling, sources familiar with the process said. New Uber boat service seeks to bypass Istanbul's choking traffic ISTANBUL (Reuters) - With the towering bridges that span the Bosphorus choked by traffic, a new boat service from Uber aims to capitalize on Istanbul's infamous road congestion. FBI chief warns encryption emboldens would-be Islamic State attackers WASHINGTON (Reuters) - Barring law enforcement authorities' access to encrypted communications would make it easier for Islamic State sympathizers to attack the United States, FBI Chief James Comey told Senate lawmakers on Wednesday. Twitter rolls out suite of direct response ad products after struggles SAN FRANCISCO (Reuters) - Twitter Inc rolled out three new products for its direct response advertising on Wednesday, two months after the company said weak demand for the product had lowered its revenue forecast for the year. Hackers of Apple, Facebook seen as independent group seeking money SAN FRANCISCO (Reuters) - A hacking group best known for breaking into top-tier technology companies Apple Inc, Facebook Inc and Twitter Inc more than two years ago is now believed to be one of a handful of highly skilled independent gangs pursuing corporate secrets for profit. Symantec in talks to sell Veritas storage unit to Carlyle: source (Reuters) - Software security company Symantec Corp is in talks to sell its Veritas data storage business to private equity firm Carlyle Group LP , a person familiar with the matter said on Tuesday. Microsoft hangs up on Nokia business, to cut 7,800 jobs (Reuters) - Microsoft Corp said on Wednesday it would cut 7,800 jobs, or nearly 7 percent of its workforce, and write down about $7.6 billion related to its Nokia phone business. Related Video New rate-dependent straps aim to protect heads in NFL The future of travel? A tube called Hyperloop 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