Reuters Technology Report: August 21, 2015

Click to View in Browser Friday, August 21, 2015 Alibaba drop leaves stock pennies above IPO price SAN FRANCISCO (Reuters) - Shares of Alibaba Group Holding Ltd fell 3 percent on Friday and were perilously close to breaking below the price set in the largest IPO in history as fears of a China-led global slowdown rattled investors. Tesla engineer joins Apple's growing team of automated car experts DETROIT/SAN FRANCISCO (Reuters) - Consumer electronics company Apple Inc has hired a senior engineer from electric car maker Tesla Motors Inc , according to a LinkedIn posting, as part of Apple's effort to build a team of experts in automated driving. Ashley Madison founder emails leaked in new data dump TORONTO (Reuters) - Emails sent by the founder of infidelity website AshleyMadison.com appear to have been exposed in a second, larger release of data stolen from its parent company, cyber security experts confirmed on Thursday. Microsoft confirms Finnish phone site closure and job cuts HELSINKI (Reuters) - Microsoft Corp on Friday confirmed it will close Nokia Oyj's former handset product development unit in Salo, Finland, and will cut a total of up to 2,300 jobs in the Nordic country. Mobile language apps help millions learn less, more often FRANKFURT (Reuters) - Smartphone apps that help people learn languages for free or nearly free, a few sentences at a time, are piling pressure on established education firms and setting the pace for how to make lessons more engaging. Uber seen reaching $10.8 billion in bookings in 2015: fundraising presentation BEIJING (Reuters) - Uber Technologies Inc's [UBER.UL] global bookings are projected to rise nearly threefold to $10.84 billion this year and reach $26.12 billion the next, according to a recent presentation for potential investors seen by Reuters. Daimler CEO mulls JVs with Apple, Google: magazine BERLIN (Reuters) - Daimler's chief executive said "different types" of cooperation with Apple and Google are possible as carmakers realize next-generation autos cannot be built without greater input from telecoms and software experts. Australia's Cabcharge pins hopes on payment app amid Uber competition SYDNEY (Reuters) - Taxi services firm Cabcharge Australia Ltd has hired software developers to rush a payment app to the market as its fights against the soaring popularity of ride-sharing service Uber Technologies Inc [UBER.UL]. HP revenue falls on weak PC sales, lower demand for services (Reuters) - Hewlett-Packard Co reported a drop in revenue for the fourth straight quarter, hurt by weak PC sales and lower demand from corporates for its services. Salesforce raises full-year revenue forecast again (Reuters) - Salesforce.com Inc reported better-than-expected quarterly revenue and profit, helped by an increase in demand for its Web-based sales and marketing software, and raised its revenue forecast for the full year for the third time. Related Video Smart workout shirt doubles as personal trainer U.S. agencies to thwart illegal drones 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