Reuters Technology Report: February 9, 2016

Click to View in Browser Tuesday, February 9, 2016 In cloud stock tumult, investors give valuations a reality check SAN FRANCISCO (Reuters) - Global economic uncertainty and worries about weak spending on information technology are forcing investors in cloud computing stocks and related enterprise companies to take a reality check. Concerned by cyber threat, Obama seeks big increase in funding WASHINGTON (Reuters) - President Barack Obama on Tuesday sought a surge in funding to counter cyber security threats, as his top intelligence official warned Congress that computer attacks were among the most imminent security challenges facing the United States. Twitter, Pandora options traders on alert after LinkedIn crash NEW YORK (Reuters) - The crash in LinkedIn Corp's shares last week has many traders in the options market braced for an unusually violent reaction from Twitter Inc and Pandora Media Inc's shares after the companies report results this week. Amazon expands logistics reach in China SAN FRANCISCO/SHANGHAI (Reuters) - Amazon.com Inc is aggressively expanding its logistics operations in China as part of a broader effort to control the rising cost of shipping billions of packages. Viacom extends ad deal with Snapchat (Reuters) - Viacom Inc and Snapchat have extended a deal that will allow Viacom to sell advertising on the mobile app's behalf. Akamai revenue beats; to buy back $1 billion of shares (Reuters) - Online content distributor Akamai Technologies Inc reported better-than-expected quarterly revenue, helped by higher demand for its security services, and announced a $1 billion share buyback program. Facebook's India stumble could embolden other regulators SINGAPORE/MUMBAI (Reuters) - India's decision to effectively ban Facebook's pared-back free Internet service is a major blow to the social network's plans, and may prompt other regulators to demand equal online access for their users. Google CEO Pichai receives stock grant worth about $199 million (Reuters) - Google Chief Executive Sundar Pichai received restricted stock worth about $199 million, according to a regulatory filing by Google parent company Alphabet Inc . U.S. intelligence chief warns of 'homegrown' security threat WASHINGTON (Reuters) - Attacks by "homegrown" terrorists are among the most imminent security threats facing the United States in 2016, along with dangers posed overseas by Islamic State and cyber security concerns, the top U.S. intelligence official said on Tuesday. Verizon enlists AOL CEO to explore Yahoo deal: Bloomberg (Reuters) - Verizon Communications Inc has given Tim Armstrong, chief executive officer of its AOL unit, a leading role in exploring a possible bid for Yahoo Inc's assets, Bloomberg reported, citing a person with knowledge of the situation. Related Video 3-in-1 'wearable shelter' for Syrian refugees Bandage stops 'uncontrollable' bleeding 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