Tech Five: Twitter shares up after Dorsey named CEO

After all the speculation, Twitter CEO Jack Dorsey will no longer run the company he co-founded on an interim basis. Twitter's board confirmed they named Dorsey its permanent CEO, effective September 30.

How are investors reacting? Let's look at tech stocks to watch Monday.

Twitter. Shares are up 1.7% in morning trading after news of Dorsey's permanent appointment to chief executive. Dorsey will not receive a salary as Twitter CEO, and will continue to run online payments service Square as its CEO. Adam Bain, who helped build Twitter's ad business, will become the company's chief operating officer.

Microsoft. The tech giant hosts a press event Tuesday, where it's widely expected they will reveal several products including new Lumia smartphones and a Surface Pro tablet. According to The Verge, Microsoft will also reveal an updated fitness band.

Facebook. The social network reached a deal with French satellite Internet operator Eutelsat to beam free Internet access to remote parts of Africa, reports The Telegraph. The move is part of Facebook's internet.org project to deliver Web access to remote parts of the world.

Apple. CEO Tim Cook tells Buzzfeed it will open up access to its universal search feature for the revamped Apple TV set-top box to more third-party developers. Netflix, Hulu, HBO and Showtime will have access to universal search when the new Apple TV launches.

Adobe. The software maker unveiled the free app Photoshop Fix, which allows users to retouch photos on their iPhones or iPads.

Follow Brett Molina on Twitter: @brettmolina23.