Reuters Technology Report: January 27, 2017

Click to View in Browser Friday, January 27, 2017 Alphabet posts strong revenue growth, higher taxes hit earnings (Reuters) - Google parent Alphabet Inc posted fourth-quarter profit below analysts' estimates on Thursday, hurt by a higher tax rate, but analysts cheered the company's progress in diversifying its business beyond advertising. Russian security service says hackers attacked major banks in 2016: Ifax MOSCOW (Reuters) - Russia's major commercial banks came under cyber attacks in November last year, the country's Federal Security Service said on Friday, Interfax news agency reported. As regulators waver, Apple takes on Qualcomm in courts SAN FRANCISCO (Reuters) - Apple Inc's new legal assault on Qualcomm in the United States and China reflects its conclusion that regulators are unlikely to put an end to what it considers the chip maker's unfair business practices, analysts said. With supplies tight, memory chipmakers head into ultra-super-cycle SEOUL (Reuters) - The global memory chip industry is heading into what's been dubbed an ultra-super-cycle, as the challenge of making chips smaller yet more efficient has created supply bottlenecks, while there is soaring demand for data storage - from smartphones and artificial intelligence to autonomous driving and the Internet of Things. Stock research moves past PDFs as customers demand more for their money (Reuters) - With investment firms cutting costs and portfolio managers combating a barrage of information, financial research shops around the globe are looking for new ways to keep their product relevant. Ford device to boost connectivity in its models without modems SAN FRANCISCO (Reuters) - Ford Motor Co said on Friday it would sell a plug-in device to enable features like remote start, security alerts, a Wifi hotspot and vehicle location assistance on 2010-2016 model year Ford and Lincoln cars. Toshiba to sell part of chip business, puts overseas nuclear ops under review TOKYO (Reuters) - Toshiba Corp said it will sell a minority stake in its memory chip business as it urgently seeks funds to offset an imminent multi-billion dollar writedown, adding that its overseas nuclear division - the cause of its woes - was now under review. Chinese Lunar New Year 'ticket snatching' apps raise hackles BEIJING (Reuters) - As China gears up for Lunar New Year, when hundreds of millions of people head home, popular software charging extra to improve the odds of getting coveted rail tickets has been criticized by state media and some users as being akin to modern-day touting. Microsoft profit up as demand for cloud service soars (Reuters) - Microsoft Corp reported a 3.6 percent rise in fiscal second-quarter profit on Thursday, helped by growth in its fast-growing cloud computing business, but it saw a slight decline in margins in the unit that includes its flagship cloud platform Azure. U.S.-based Fidelity marks down value of India's e-commerce giant Flipkart MUMBAI (Reuters) - U.S.-based mutual fund company Fidelity Investments has marked down the value of its holding in Indian e-commerce firm Flipkart Online Services Pvt Ltd by around 36 percent. Related Video Car parks could become 'lungs of the city' Scientists see a mind controlled virtual reality 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