Reuters Technology Report: August 12, 2015

Click to View in Browser Wednesday, August 12, 2015 Strong switching, router sales help Cisco beat estimates (Reuters) - Network equipment maker Cisco Systems Inc reported higher-than-expected quarterly revenue and profit, highlighting a strong recovery in demand for its switching equipment and routers. AT&T ups revenue, profit forecast after DirecTV buy (Reuters) - AT&T Inc said on Wednesday it expects revenue, earnings and free cash flow to grow through 2018 following its DirecTV purchase and investments in Mexico, though it also sees higher capital expenditure. iRobot's robotic lawn mower gets U.S. regulatory approval WASHINGTON (Reuters) - The future of free-wheeling automated yard work took a step closer to American consumers on Wednesday after U.S. regulators gave robot maker iRobot Corp Inc technical clearance to make and sell a robotic lawn mower. Alibaba skids as revenue growth slowest in three years BEIJING (Reuters) - Alibaba Group Holding Ltd's shares fell to a record low after China's biggest e-commerce company posted its slowest revenue growth in over three years as its strategy to shift more services to mobile devices hurt advertising sales. Fidelity National to buy software maker SunGard in $9.1 billion deal (Reuters) - Financial industry software maker Fidelity National Information Services Inc has agreed to buy rival SunGard Data Systems Inc for $9.1 billion including debt, in order to get access to Sungard's thousands of lucrative trading and money management clients. Atom Bank taps video game technology to win mobile customers DURHAM, England (Reuters) - Atom Bank's mobile banking app is so commercially sensitive that its developers won't even allow it to be demonstrated. Retailer-backed mobile wallet to rival Apple Pay set for test CHICAGO (Reuters) - A retailer-backed rival to Apple Inc's Apple Pay mobile wallet will be tested with customers in a handful of stores in the next few weeks, ratcheting up competition in an increasingly cluttered market. U.S. businesses lobby Obama on China tech protectionism concerns BEIJING (Reuters) - American business groups are lobbying U.S. President Barack Obama to press Chinese counterpart Xi Jinping on technology protectionism concerns during Xi's upcoming U.S. visit, according to a letter addressed to Obama seen by Reuters. Alibaba's Suning deal a riposte to growing might of rival JD.com BEIJING (Reuters) - "Tragedy" – that was Alibaba Group Holding Ltd founder Jack Ma's prediction for the fate of rival JD.com Inc in comments published earlier this year. Facebook struggles to sell advertising in India SAN FRANCISCO/MUMBAI, August 12 (Reuters) - Facebook is trying to lure skeptical advertisers in India with features such as free email support for questions about advertising and advice on increasing sales in a bid to boost revenue from its second biggest market. Related Video Why Wedbush Securities' Gil Luria downgraded Alibaba stock Brazilian builds water-powered motorbike 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