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Tech`s news

(Reuters) - Walt Disney Co and Microsoft Corp joined a list of potential suitors for Twitter Inc, according to media reports on Monday. Twitter shares were marginally down at $23.33 in after-market trading. The microblogging service has reportedly started talks with a number of technology companies to sell itself, including Google parent Alphabet Inc and may receive a formal bid soon. more...


A multi-billion euro back tax bill handed to Apple by the European Commission should not be seen as a precedent for future tax cases as it was based on state aid rather than tax law, the OECD official spearheading global tax reform said on Monday. European Union antitrust regulators last month ordered Apple to pay up to 13 billion euros ($14.6 billion) in back taxes to the Irish government after ruling that a special scheme to route profits through Ireland constituted illegal state aid. Pascal Saint-Amans, who is leading the Organisation for Economic Co-operation and Development's flagship Base Erosion and Profit Shifting (BEPS) project, said that under the new OECD rules, most of the tax from U.S. technology multinationals like Apple should be due in the United States, not Ireland. more...


Tesla Motors Co and a U.S. subsidiary of Swiss auto supplier Hoerbiger have agreed to settle a lawsuit filed by the electric car maker over problems with a proposed hydraulics system for the luxury Model X's "falcon wing" doors, court records show. Tesla and Hoerbiger have delayed filing for a dismissal because certain conditions of the settlement will not be fulfilled until Oct. 4, according to an Aug. 18 filing by the companies. Tesla claimed that a hydraulic system developed by Hoerbiger in 2014-2015 for use in the Model X doors, which open upwards rather than to the side, was riddled with deficiencies, making it an "unworkable engineering solution" that added costs and "more than a year of wasted efforts." It sued the company in January. more...


By Dustin Volz and Jim Finkle WASHINGTON (Reuters) - Democratic Senator Mark Warner on Monday asked the U.S. Securities and Exchange Commission to investigate whether Yahoo and its senior executives fulfilled obligations to inform investors and the public about a hacking attack affecting 500 million user accounts. "Disclosure is the foundation of federal securities laws, and public companies are required to disclose material events that shareholders should know about," Warner said in a letter to SEC Chairwoman Mary Jo White. Yahoo has faced pointed questions about exactly when it knew about the 2014 cyber attack announced last week that exposed the email credentials of half a billion accounts, a critical issue for the company as it seeks to prevent the breach from affecting a pending takeover of its core business by Verizon Inc . more...


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