Reuters Technology Report: July 8, 2016

Click to View in Browser Friday, July 8, 2016 Germany denies investigating Tesla over software updates BERLIN (Reuters) - Germany's Transport Ministry denied a media report on Friday that it was investigating Tesla Motors Inc for updating driving assistance software without informing authorities, but said it was "clarifying technical issues" on the matter. EU-U.S. commercial data transfer pact clears final hurdle BRUSSELS (Reuters) - A commercial data transfer pact provisionally agreed by the EU executive and the United States in February received the green light from EU governments on Friday, the European Commission said, paving the way for it to come into effect next week. U.S. tax agency investigates Facebook's Ireland asset transfer (Reuters) - The U.S. Internal Revenue Service (IRS) said Facebook Inc may have understated the value of intellectual property it transferred to Ireland by "billions of dollars", unfairly cutting its tax bill in the process, according to court papers. Twitter seeks NBA, MLS, Turner deals to stream sports: Recode (Reuters) - Twitter Inc is in talks with the NBA, Major League Soccer and Time Warner Inc's cable network Turner Broadcasting to buy digital streaming rights for content related to major sports and events, Recode reported. LG Electronics says second-quarter operating profit likely at two-year high SEOUL (Reuters) - South Korea's LG Electronics Inc said on Friday its second-quarter operating profit likely reached a two-year high, with analysts pointing to strong contributions from its mainstay home appliances and television set businesses. Poland's No.2 telecom Netia says suffered cyber attack WARSAW (Reuters) - Poland's No. 2 telecoms operator Netia came under attack from hackers who may have stolen the data of some of its clients, a company spokeswoman said on Friday. Panasonic expects to double sales of electric car batteries in three years OSAKA, Japan (Reuters) - Japan's Panasonic Corp said it expects strong demand for its lithium-ion batteries from Tesla Motors Inc to help more than double its annual sales of automobile-related batteries in three years. Uber drivers fined in Denmark COPENHAGEN (Reuters) - Six Uber [UBER.UL] drivers in Denmark were found guilty on Friday by a Copenhagen court of violating Danish taxi laws and fined 2,000 to 6,000 Danish crowns ($300-900) each. Siris Capital to buy Polycom, thwarting Elliott's Mitel merger (Reuters) - Video conferencing equipment maker Polycom Inc said it agreed to be bought by a private equity firm for about $1.7 billion, scrapping a three-month old deal with Canada's Mitel Networks Corp. Nintendo shares soar as new Pokemon mobile game captures hearts TOKYO (Reuters) - Shares in Japan's Nintendo Co surged on Friday as consumers flocked to try out its new Pokemon GO smartphone game, raising hopes that the company's long-awaited shift into mobile gaming will pay off. Related Video Dolphin inspired sonar technology A Chinese robot to solve city parking misery 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