Facebook's virtual reality unit Oculus shutters film studio

LOS ANGELES (Reuters) - Facebook Inc's virtual reality content production unit, Oculus' Story Studio, is shuttering its doors to shift focus on supporting external content makers, the company said on Thursday, two years after the in-house studio launched.

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Facebook nears ad-only business model as game revenue falls

SAN FRANCISCO (Reuters) - Facebook Inc's growth into a digital advertising power is showing a flip side: The social network is more dependent than ever on the cyclical ad market, even as its rival Google finds new revenue streams in hardware and software.

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Families of San Bernardino shooting sue Facebook, Google, Twitter

LOS ANGELES (Reuters) - Family members of three victims of the December 2015 shooting rampage in San Bernardino, California, have sued Facebook, Google and Twitter, claiming that the tech giants permitted Islamic State to flourish on social media.

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Alexa: where is Amazon opening a new R&D center? Cambridge, England

LONDON (Reuters) - Amazon plans to open a new center in the university city of Cambridge for scientists developing technologies including the Alexa digital assistant used in its Echo speakers.

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Imagination Tech starts dispute process with Apple

LONDON (Reuters) - Imagination Technologies said it had started a "dispute resolution procedure" with Apple, its biggest customer, after failing to resolve a standoff over licensing between the two companies.

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Facebook shares dip from high as investors fret over costs, future profit

(Reuters) - Facebook Inc reported surging quarterly profit and revenue on Wednesday, helped by its fast-growing mobile ad business, but its shares dipped from a record high in after-hours trading as investors showed some nervousness about future earnings.

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WhatsApp faces worldwide outage, says is fixing it

(Reuters) - WhatsApp suffered a widespread global outage on Wednesday and was working to fix it as soon as possible, the Facebook Inc messaging service said.

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Tesla's revenue more than doubles, helped by record deliveries

(Reuters) - Electric-car maker Tesla Inc reported quarterly revenue that more than doubled and also trumped analysts' expectations, driven by record deliveries of its Model X sports utility vehicles and Model S sedans.

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Google Docs warns customers about spam with malicious links

(Reuters) - Alphabet Inc said on Wednesday it was investigating widespread reports about a spam campaign in which recipients received emails from known contacts that asked them to click on a link to review a Google Docs document.

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Nokia plans to sell its undersea cables division: sources

PARIS (Reuters) - Finland's Nokia plans to sell its undersea cables unit, a business that underpins the global Internet, two union sources and a French government source told Reuters.

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Kings and dragons drive Apple in China, even as iPhone sales stall

BEIJING (Reuters) - Apple Inc has a new China growth driver: animated dragons and warring royals.

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Apple posts surprise dip in iPhone sales, shares fall

(Reuters) - Apple Inc reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company's most important product later this year.

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Uber in U.S. court reckoning on possible shutdown of self-driving program

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] goes before a U.S. judge on Wednesday to fight for the right to continue work on its self-driving car program, the latest phase in a courtroom battle over trade secrets that threatens to topple a central pillar of Uber's growth strategy.

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Weak iPhone sales hit shares of Europe's Apple suppliers

LONDON (Reuters) - Shares of European suppliers of microchips, sensors and circuitry to Apple fell on Wednesday after the smartphone company's much-awaited iPhone sales missed expectations in the second quarter.

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Italy tax chief says close to deal with Google over tax dispute: paper

MILAN (Reuters) - Italy and Alphabet Inc's Google are close to reaching a deal to settle a tax dispute, the head of the Italian tax authority Rossella Orlandi told Italian newspaper La Repubblica.

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Peugeot gears up with nuTonomy for self-driving car test

FRANKFURT (Reuters) - French carmaker Peugeot is partnering with Boston, Massachusetts-based tech firm nuTonomy to test self-driving cars in Singapore.

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Google success in U.S. schools forces Microsoft, Apple to scramble

SAN FRANCISCO (Reuters) - Microsoft Corp's announcement of a suite of new education products on Tuesday shows the company's determination to reverse a major shift that has taken place in U.S. classrooms in recent years: for most educators and school districts, Google's Chromebook is now the computer of choice.

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NSA collected Americans' phone records despite law change: report

WASHINGTON (Reuters) - The U.S. National Security Agency collected more than 151 million records of Americans' phone calls last year, even after Congress limited its ability to collect bulk phone records, according to an annual report issued on Tuesday by the top U.S. intelligence officer.

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Microsoft unveils Windows 10 S for its Surface laptops

(Reuters) - Microsoft Corp on Tuesday unveiled Windows 10 S, a streamlined version of its popular operating system, geared toward low-cost laptops for students, as it tries to take share from Google's Chrome OS-run computers.

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Privacy group sues NYPD for release of facial-recognition documents

WASHINGTON (Reuters) - A privacy group sued the New York Police Department on Tuesday to demand the release of documents related to its use of facial-recognition technology, which rights groups have criticized as discriminatory and lacking in proper oversight.

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