Reuters Technology Report: February 4, 2016

Click to View in Browser Thursday, February 4, 2016 Crowded GoPro short sellers may soon face squeeze SAN FRANCISCO (Reuters) - GoPro's fall from grace has created a rush by traders to short the camera maker's stock, but they may soon face a squeeze as institutional shareholders sell their shares after six months of declines. IBM tries to bolster cloud growth with developer tools SAN FRANCISCO (Reuters) - IBM's efforts to bolster its cloud offerings could get a boost from new developer tools it is unveiling on Thursday. EU clears Western Digital acquisition of SanDisk BRUSSELS (Reuters) - The European Commission said on Thursday it had cleared Western Digital's planned acquisition of SanDisk after concluding that the takeover would not harm competition in the data storage market in Europe. Hackers attack 20 million accounts on Alibaba's Taobao shopping site BEIJING (Reuters) - Hackers in China attempted to access over 20 million active accounts on Alibaba Group Holding Ltd's Taobao e-commerce website using Alibaba's own cloud computing service, according to a state media report posted on the Internet regulator's website. Toshiba sees bigger loss as restructuring costs mount TOKYO (Reuters) - Japanese industrial conglomerate Toshiba Corp expects a bigger full-year loss than previously anticipated, amid mounting restructuring costs after a $1.3 billion accounting scandal. India's IT services growth seen slowing as clients curb spending MUMBAI (Reuters) - Indian IT services exports are likely to grow at a slower pace next fiscal year than in the recent past as global clients rein in technology spending, an industry lobby group said on Thursday. Sharp chooses Foxconn as preferred bidder over Japan fund: sources TOKYO (Reuters) - Sharp Corp has chosen Taiwan's Foxconn as its preferred bidder in takeover talks, sources with knowledge of the decision said, paving the way for the biggest acquisition by a foreign company in Japan's insulated technology sector. Cisco to pay $1.4 billion for Internet of Things firm Jasper (Reuters) - Cisco Systems Inc said on Wednesday it was buying Jasper Technologies Inc, a startup that connects devices like cars and medical devices to the Internet, for $1.4 billion in cash and equity awards, its largest acquisition since 2013. Google search chief Singhal to quit, to be replaced by AI head (Reuters) - Google parent Alphabet Inc said Amit Singhal, the longtime chief of its Internet search business, will leave the company and be replaced by the head of the technology giant's artificial intelligence business. Mall operator CEO backtracks on comments about Amazon bookstores (Reuters) - The CEO of a U.S. mall operator who said this week that Amazon.com Inc plans to open up to 400 physical bookstores attempted to downplay his comments on Wednesday, without specifically denying them, saying they were "not intended" to represent the online retailer's plans. Related Video Smart band-aids on the horizon Russian cosmonauts begin spacewalk 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