Reuters Technology Report: August 11, 2015

Click to View in Browser Tuesday, August 11, 2015 Google overhaul 'shareholder friendly' but details scarce (Reuters) - Google Inc's overhaul of its operating structure is an acknowledgement of the lack of transparency surrounding its disparate businesses and projects, analysts said, but it remains to be seen how much more the company will actually disclose. Hackers stole secrets for up to $100 million insider-trading profit: U.S NEW YORK (Reuters) - An alliance of mainly U.S.-based stock traders and computer hackers in Ukraine made as much as $100 million in illegal profits over five years after stealing confidential corporate press releases, U.S. authorities said on Tuesday. BMW looks at whether Google's Alphabet infringes trademark rights FRANKFURT (Reuters) - BMW on Tuesday said it was looking into whether Google infringed any trademark rights after the Silicon Valley-based group set up a new company called Alphabet, which is also the name of a BMW subsidiary. Symantec to sell Veritas for $8 billion to focus on security software (Reuters) - Norton antivirus software maker Symantec Corp has agreed to sell its data storage unit, Veritas, for $8 billion to a group led by Carlyle Group LP as it seeks cash to turn around its core security software business. Police search Uber offices in Hong Kong and arrest five drivers HONG KONG (Reuters) - Police raided the Hong Kong offices of taxi-hailing service Uber Inc on Tuesday and arrested five drivers for the "illegal use of vehicles for hire", police said. Toshiba to write down over $800 million after accounting probe: Nikkei TOKYO (Reuters) - Toshiba Corp plans to book more than 100 billion yen ($802 million) in impairment charges for the last fiscal year in addition to marking down past results following an accounting investigation, the Nikkei business daily reported on Tuesday. Dutch engineer develops autonomous quadcopter vehicle Quadcopters are a popular choice of unmanned aerial vehicle by drone developers hoping to reduce the costs and improve on the safety record of helicopters. Symantec agrees to sell data storage unit to Carlyle: source (Reuters) - Software security company Symantec Corp has agreed to sell its data storage business Veritas to private equity firm Carlyle Group LP, according to a person familiar with the matter. Google morphs into Alphabet; investors cheer clarity SAN FRANCISCO (Reuters) - Google Inc announced a surprise overhaul of its operating structure on Monday, creating a holding company called Alphabet to pool its many subsidiaries and separate the core web advertising business from newer ventures like driverless cars. Adobe joins tech industry push in increasing maternity, parental leave NEW YORK (Reuters) - Software company Adobe Systems Inc. said on Monday it is doubling the maternity leave it grants, making it the third company in the U.S. technology industry in a week to give new parents more paid time off. Related Video Brazilian builds water-powered motorbike Dutch engineer develops autonomous quadcopter vehicle 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