Reuters: Technology News

• Uber IPO proposals value company at $120 billion: WSJ
  Ride-hailing company Uber Technologies Inc [UBER.UL] could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday.
• Netflix subscriber growth beats estimates, shares surge
  Netflix Inc added more subscribers than expected in the third quarter, as new seasons of original shows such as "Orange is The New Black" and "BoJack Horseman" pulled in users.
• IBM misses revenue estimates as server sales slow
  International Business Machines Corp missed Wall Street estimates for third-quarter revenue on Tuesday, weighed down by slowing demand for its mainframe servers.
• U.S. Senate bill could give Tesla, GM electric car tax credit boost
  Tesla Inc and General Motors Co, which have lobbied Congress to lift a cap on electric vehicles eligible for a $7,500 tax credit, could get their way for up to four years under a new proposal from a Republican senator.
• U.S. judge approves SEC settlement with Tesla, Musk; shares jump
  A U.S. judge on Tuesday approved a settlement between a federal regulator, Tesla Inc and its chief executive officer, Elon Musk, over his tweets promising to take the company private, signaling an end to a tumultuous period for investors.
• EU regulators ask Sony's rivals and users how it might use power after EMI deal
  EU antitrust regulators reviewing Sony Corp's $2.3 billion bid for EMI are asking rivals and users whether they think the Japanese group would use its greater market power to win better terms in digital media deals.
• Microsoft co-founder Paul Allen dies of cancer complications at 65
  Microsoft Corp co-founder Paul Allen, the man who persuaded school-friend Bill Gates to drop out of Harvard to start what became the world's biggest software company, died on Monday at the age of 65, his family said.
• SEC warns corporate cyber weakness could violate federal law
  Public companies that fail to tighten their cyber security controls could be violating federal law, the U.S. Securities and Exchange Commission (SEC) said on Tuesday.