Reuters Technology Report: October 16, 2015

Click to View in Browser Friday, October 16, 2015 Steve Ballmer takes 4 percent stake in Twitter, owns more than CEO SAN FRANCISCO (Reuters) - Former Microsoft Corp Chief Executive Steve Ballmer has taken a 4 percent stake in Twitter Inc , according to his spokesman, making him the third-biggest individual shareholder in the social media company. Russian hackers breached Dow Jones for trading tips: Bloomberg (Reuters) - Russian hackers had infiltrated Dow Jones & Co to steal information to trade on before it was made public, and the breach was "far more serious than a lower-grade intrusion" disclosed by the company, Bloomberg reported, citing sources. University cannot get triple damages in patent fight with Apple NEW YORK (Reuters) - The University of Wisconsin-Madison's patent licensing body will not be able to extract triple damages from Apple as a jury weighs how much the iPhone maker must pay for using its microchip technology without permission, a U.S. judge ruled on Thursday. Exclusive: Silicon Valley IPO market boom winding down SAN FRANCISCO (Reuters) - Last year, many tech IPOs enjoyed soaring valuations in their Wall Street debut, raining cash on the companies and their investors and boosting concerns about another Silicon Valley bubble. Twitter to pay Kordestani annual base salary of $50,000 (Reuters) - Twitter Inc said it would pay new Executive Chairman Omid Kordestani an annual base salary of $50,000 and a one-time grant of options to buy 800,000 shares of the microblogging website operator. EU privacy regulators give EU, U.S. three months to find new data pact LONDON (Reuters) - Companies could face action from European privacy regulators if the European Commission and United States do not come up with a new system enabling them to shuffle data across the Atlantic in three months, the regulators said on Friday. Alibaba offers to buy all of 'China's YouTube' (Reuters) - Alibaba Group Holding Ltd offered to pay $3.5 billion to become the sole owner of Youku Tudou Inc , known as China's YouTube, in a move that would give the e-commerce giant access to more than half a billion online video users. New York to try out GPS-based meters on 1,000 taxicabs NEW YORK (Reuters) - Some New York City taxicabs will switch to using GPS-based fare calculators from current metering systems under a pilot program approved on Thursday. IBM allows Chinese Government to review source code: WSJ (Reuters) - International Business Machines Corp has agreed to let China review some product source code in a secure room, the Wall Street Journal reported, citing two people briefed on the practice. Malaysia arrests hacker for supplying U.S. targets to Islamic State KUALA LUMPUR/WASHINGTON (Reuters) - At the request of the United States, Malaysia has arrested a man on charges of hacking personal data of more than a thousand U.S. officials and handing it to Islamic State militants in Syria so they could target the individuals. Related Video Stair-climbing wheelchair offers alternative to lifts and ramps Tesla hands-free cars drive closer to reality 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