Reuters Technology Report: January 26, 2017

Click to View in Browser Thursday, January 26, 2017 Xiaomi executive Barra joins Facebook to lead virtual reality business (Reuters) - Facebook Inc has hired Hugo Barra, the most prominent global executive at Chinese smartphone maker Xiaomi Inc [XTC.UL], to lead its virtual reality business including the Oculus unit, Chief Executive Mark Zuckerberg said. Apple sues Qualcomm in Beijing seeking 1 billion yuan WASHINGTON (Reuters) - Apple Inc filed a lawsuit against Qualcomm Inc in Beijing, alleging the chip supplier abused its clout in the chip industry and seeking 1 billion yuan ($145.32 million) in damages, Beijing's Intellectual Property Court said in a statement on Wednesday. Qualcomm misses revenue estimates, defends licensing model (Reuters) - Qualcomm Inc reported a lower-than-expected 3.9 percent rise in quarterly revenue on Wednesday, and defended its licensing model in the face of multiple legal challenges over its alleged "anticompetitive" tactics. EBay holiday-quarter revenue up 3.1 percent, shares jump (Reuters) - EBay Inc reported a 3.1 percent rise in revenue for the fourth-quarter holiday period, offering signs of improvement at the company's traditional marketplace business and sending shares up more than 8 percent in extended trading on Wednesday. Under new CEO, Ericsson cuts dividend after quarterly loss STOCKHOLM (Reuters) - Mobile telecom equipment maker Ericsson cut its annual dividend by 73 percent, with its new CEO saying the Swedish company would prioritize profitability after it suffered an operating loss in the last three months of 2016. Cisco AppDynmaics deal seeks to boost ratio of software revenue (Reuters) - Cisco Systems Inc's decision to acquire software startup AppDynamics for $3.7 billion, nearly double the private-market valuation, reflects Cisco's struggles in building its software business, according to company financial reports and internal documents. Apple says dialogue with India on local expansion plans was 'constructive' MUMBAI (Reuters) - Apple Inc said on Wednesday it appreciates the open and constructive dialogue that it held with Indian officials, around the expansion of its local operations in the country. Western Digital's profit, revenue beat estimates (Reuters) - Data storage company Western Digital Corp reported higher-than-expected revenue and profit on Wednesday, helped by demand for its products amid stabilizing PC demand and a shift by businesses to cloud storage. BT Group faces U.S. lawsuits as Italian accounting scandal deepens NEW YORK (Reuters) - BT Group Plc was hit on Wednesday with at least two shareholder lawsuits in the United States, after one-fifth of the telecommunications company's market value was wiped out in a single day amid a growing accounting scandal in Italy. Finnair to trial China's Alipay for in-flight shopping HELSINKI (Reuters) - Finnair will become the first airline to allow travelers to pay for in-flight shopping and services with Chinese online payment app Alipay, the company said on Wednesday. Related Video Snow chains for your car that switch on and off First self-driving bus line opens in Paris 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 2017 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