Reuters Technology Report: January 29, 2016

Click to View in Browser Friday, January 29, 2016 Amazon shares plunge as record profit still misses estimates (Reuters) - Amazon.com Inc posted its most profitable quarter ever on Thursday but the world's No. 1 online retailer still managed to disappoint Wall Street by badly missing estimates, sending its shares down more than 13 percent in after-hours trading. Microsoft's secret weapon for growth in the cloud: email SAN FRANCISCO (Reuters) - In reporting better-than-expected fiscal second-quarter earnings on Thursday, Microsoft Corp. CEO Satya Nadella touted his company's success in the cloud. Apple building secret team to work on virtual reality: FT (Reuters) - Apple Inc has assembled a large team of experts in virtual and augmented reality and built prototypes of headsets that could one day rival Facebook's Oculus Rift or Microsoft's Hololens, the Financial Times reported. Blackshades malware co-creator gets five years of probation NEW YORK (Reuters) - An Arizona man who co-created software distributed by an organization called Blackshades that was used to hack into a million computers worldwide was sentenced on Friday to five years of probation. Xerox to split into two companies, Icahn to get board seats on one (Reuters) - Xerox Corp will split into two companies, one holding its legacy printer operations and the other its business process outsourcing unit, it said on Friday, in a bid to be more nimble after years of trying to integrate the businesses. EU, U.S. officials tackle last hurdles in data pact talks ahead of key deadline BRUSSELS (Reuters) - European and U.S. officials are rushing to finalize a key data transfer pact days before a meeting of EU regulators who are poised to start restricting transatlantic flows of personal data used by firms in the billion dollar online advertising industry. Worried analysts question Amazon's logistics plans SAN FRANCISCO (Reuters) - In the wake of Amazon.com Inc's disappointing financial results that sent shares plunging Thursday, analysts blamed rising costs to deliver goods, which increased to $4.5 billion in the quarter, up 24.4 percent from the same quarter last year. Japan fund undecided on Sharp; Foxconn reportedly ups offer TOKYO (Reuters) - A Japanese state-backed fund said on Friday it had yet to decide on its potential rescue plan for Sharp Corp, while a media report said Taiwan's Foxconn had raised its offer in a rival move for the struggling electronics maker. BlackBerry wins approval to expand share buyback program TORONTO (Reuters) - BlackBerry Ltd has received approval from the Toronto Stock Exchange to more than double its existing share buyback program and repurchase up to 5.8 percent of its public float, the smartphone maker said on Friday. HSBC says internet banking services down after cyber attack LONDON (Reuters) - HSBC is working with law enforcement to catch those behind a cyber attack that forced its personal banking websites in the UK to shutdown, its second major service outage this month, the bank said on Friday. Related Video Amazon posts record profits and the stock tumbles Dog gets 3D printed prosthetic leg 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 2016 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