Reuters Technology Report: June 22, 2016

Click to View in Browser Wednesday, June 22, 2016 Investors see trouble in Musk's dream for Tesla-SolarCity tie-up (Reuters) - Investors questioned a plan by Silicon Valley heavyweight Elon Musk for his electric car company Tesla Motors to buy his rooftop solar company SolarCity for up to $2.8 billion, sending Tesla's shares down more than 10 percent on concerns the two would not fit together and a deal would distract Tesla from making cars. Senate votes down proposal to expand FBI surveillance powers WASHINGTON (Reuters) - The U.S. Senate on Wednesday voted down a Republican-backed proposal to expand the Federal Bureau of Investigation's secretive surveillance powers after the mass shooting at an Orlando gay nightclub last week. BlackBerry's top goal to make devices profitable this year: CEO WATERLOO, Ontario (Reuters) - BlackBerry Ltd's top priority this year is making its devices business profitable, its chief executive said on Wednesday, even as it weighs the future of its hardware operation. CarMax turns to online financing as used-car sales hit a bump (Reuters) - CarMax Inc , the biggest U.S. used-car dealer, is banking on a new online financing process to help offset sluggish demand as cheaper gas prices and a stronger job market drive sales of new cars. Okta hires Goldman Sachs to lead IPO or sale: sources (Reuters) - Okta Inc, a U.S. cloud identity management company valued at $1.2 billion in its latest private fundraising round, has hired Goldman Sachs Group to lead an initial public offering or outright sale, people familiar with the matter said. SoftBank names domestic telecom chief Miyauchi as president TOKYO (Reuters) - SoftBank Group Corp said Wednesday that Ken Miyauchi, head of the group's Japanese telecommunications operations, would become president and chief operating officer to replace Nikesh Arora. Alibaba wins dismissal of lawsuit over pre-IPO regulatory warning NEW YORK (Reuters) - Alibaba Group Holdings Ltd has won the dismissal of a U.S. lawsuit accusing China's largest e-commerce company of defrauding shareholders by concealing a regulator's warning about its ability to suppress counterfeiting on its websites. NY Fed may do 'enhanced monitoring' of SWIFT money transfers: Yellen WASHINGTON (Reuters) - The Federal Reserve Bank of New York might begin taking closer looks at international money transfers using the SWIFT network, Fed Chair Janet Yellen said on Wednesday in response to questions over a recent theft by cyber criminals. Bangladesh unlikely to extend FireEye contract for heist probe DHAKA (Reuters) - Bangladesh's central bank is unlikely to extend the contract of U.S. cyber security firm FireEye to investigate the electronic theft of $81 million of its money, sources at the bank said on Wednesday, citing high costs as one of the factors. Kuka's robotics boss sees benefits of Chinese ownership MUNICH, Germany (Reuters) - Chinese ownership should benefit Germany's Kuka, the German firm's robotics chief said, as the company and its shareholders consider a 4.5 billion-euro ($5.1 billion) offer from home appliances maker Midea. Related Video 21st century birdwatching Insect scans could help control citrus killing bug 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