Reuters Technology Report: August 4, 2015

Click to View in Browser Tuesday, August 4, 2015 Apple denies plan to sell mobile services directly to consumers FRANKFURT/PARIS (Reuters) - Apple Inc , the world's most profitable mobile phone maker, has denied working on a plan to market communications services directly to consumers and bypass the telecom companies on which it has long relied to sell its products. Harman says car hacking risk restricted to Fiat Chrysler (Reuters) - Harman International Industries Inc, which supplies car infotainment systems to Fiat Chrysler Automobiles NV and many other manufacturers, said the hacking risk that led to the recall of 1.4 million Chrysler vehicles last month seemed to be restricted to the Italian-American automaker. SoftBank to help provide financing to rein in Sprint's cash burn NEW YORK (Reuters) - SoftBank Group Corp, the majority owner of Sprint Corp, said on Tuesday it will set up two financing vehicles to help the struggling U.S. wireless carrier reverse its fortunes, but a long road to recovery lies ahead. Activision Blizzard revenue, profit beat as 'Call of Duty' delivers (Reuters) - Videogame maker Activision Blizzard Inc reported better-than-expected profit and revenue, helped by higher sales of "Call of Duty" and "Hearthstone" franchises, and raised its 2015 revenue and profit forecast. BMW CEO puts digital trends at center of strategy review FRANKFURT (Reuters) - BMW's new Chief Executive Harald Krueger plans to overhaul the carmaker's strategy to make it fit for the digital future of driving, he said on Tuesday. Eco-friendly 3D printed supercar A California automotive start-up is hoping their prototype supercar will redefine car manufacturing. The sleek race car dubbed 'Blade' didn't come off an assembly line - but out of a 3D printer. Alibaba hires former Goldman banker Evans as president BEIJING (Reuters) - Alibaba Group Holding Ltd has hired former Goldman Sachs Group Inc partner Michael Evans to oversee the e-commerce company's international expansion, a top priority as the firm looks beyond China to sustain its heady growth rates. Crafts website operator Etsy's loss doubles (Reuters) - Etsy Inc, which operates a crafts shopping website, reported a quarterly loss that doubled from the year-earlier period, as operating costs rose 49 percent. Marvell Technology wins cut in $1.54 billion Carnegie Mellon patent award (Reuters) - A U.S. appeals court upheld a jury verdict that Marvell Technology Group Ltd infringed two hard disk drive patents held by Carnegie Mellon University, but said a $1.54 billion damages award against the chipmaker should be reduced significantly. Sprint reports smaller-than-expected loss; SoftBank to keep stake (Reuters) - Sprint Corp reported a much smaller-than-expected quarterly loss on Tuesday, and majority owner SoftBank Corp assuaged investors' concerns by saying it had no plans to sell its stake in the wireless carrier. Related Video Eco-friendly 3D printed supercar New tidal energy system could help power UK, say developers 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