Reuters Technology Report: April 19, 2016

Click to View in Browser Tuesday, April 19, 2016 Intel to cut 12,000 jobs globally; CFO to move to new role (Reuters) - Intel Corp said it would cut 12,000 jobs globally, or 11 percent of its workforce, as the company moves away from its traditional business of selling chips used in personal computers. Yahoo revenue falls slightly less than expected (Reuters) - Yahoo Inc's posted first-quarter revenue that beat analysts' estimates slightly, but the 11.3 percent decline shows the web pioneer's struggle to boost growth its core online search and display advertising business, which it is in the process of auctioning off. Apple refused China request for source code in last two years: lawyer WASHINGTON (Reuters) - Apple Inc has been asked by Chinese authorities within the last two years to hand over its source code but refused, the company's top lawyer told lawmakers on Tuesday in response to U.S. law enforcement criticism of its stance on technology security. Canada's competition watchdog drops probe into Google TORONTO (Reuters) - Canada's Competition Bureau said on Tuesday that it was dropping an investigation into Google after saying in 2013 that it suspected the company was abusing its dominant position in online search. Apple updates MacBook with faster processors (Reuters) - Apple Inc on Tuesday updated its 12-inch MacBook line of laptops with faster processors, Retina display, Force Touch trackpad and made it available in rose gold color. VMware revenue rises more than expected (Reuters) - VMware Inc reported a better-than-expected rise in quarterly revenue as strong growth in its newer software offerings more than offset declining demand for its traditional server-virtualization software. EU antitrust chief expected to charge Google on Wednesday: sources BRUSSELS (Reuters) - Europe's antitrust chief is expected to hit Google on Wednesday with anti-competitive charges concerning its Android mobile phone operating system, two people familiar with the matter said. OneWeb to build 15 internet satellites a week at Florida factory CAPE CANAVERAL, Fla. (Reuters) - Satellite internet Startup OneWeb Ltd plans to manufacture 15 satellites per week at a planned factory in Florida as part of its push to provide global high-speed internet access, company officials said on Tuesday. EC to challenge French taxi law after Uber complaint BRUSSELS (Reuters) - The European Commission is preparing to challenge a French law on taxi services and chauffeured cars, two people familiar with the matter said on Tuesday, following a complaint from online ride-hailing service operator Uber Technologies [UBER.UL]. Starboard's Smith warns a full board sweep is not always possible NEW YORK (Reuters) - Activist investor Jeffrey Smith, whose Starboard Value hedge fund wants to replace the entire board at Yahoo Inc , said this approach often works best to revive an ailing company but cautioned that path is not always possible. Related Video A robot to teach kids coding Solar powered bid to bring modernity to developing world 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