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Tech`s news

By Foo Yun Chee BRUSSELS (Reuters) - EU antitrust regulators ordered Apple on Tuesday to pay up to 13 billion euros ($14.5 billion) in taxes plus interest to the Irish government after ruling that a special scheme to route profits through Ireland was illegal state aid. The massive sum, 40 times bigger than the previous known demand by the European Commission to a company in such a case, could be reduced, the EU executive said in a statement, if other countries sought more tax themselves from the U.S. tech giant. Apple, which with Ireland said it will appeal the decision, paid tax rates on European profits on sales of its iPhone and other devices and services of between just 0.005 percent in 2014 and 1 percent in 2003, the Commission said. more...


Uber Technologies Inc [UBER.UL] has plucked a top executive from retail giant Target to help lead the growing ride services company and reshape its image. Uber said on Tuesday it hired Jeff Jones, chief marketing officer for Target Corp, to oversee the bulk its global operations. Jones will be president of ride-sharing at Uber, running local Uber services in every city, as well as marketing efforts and customer support. more...


While Google is the front-runner, the online payments processor is evaluating the other providers and hasn't made any decision yet, CNBC reported, citing people familiar with the matter. PayPal has some existing business with Amazon Web Services, according to the CNBC report. more...


University of Michigan researchers on Tuesday said their own experiments undermine recent allegations of security flaws in St. Jude Medical Inc's pacemakers and other implantable medical devices. Shares of St. Jude fell 5 percent on Thursday after short-selling firm Muddy Waters and its business partner, cyber security company MedSec Holdings Inc, alleged finding significant security bugs in the company's Merlin@home device for monitoring implanted heart devices. The university said its researchers came "to strikingly different conclusions" after generating the conditions reported by Muddy Waters and not finding a security issue. more...


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