Technology News
Alibaba, Tencent in talks over stake in WPP's Chinese unit: Sky News
Sat, 21 Jul 2018 11:51:23 -0400
Chinese conglomerates Alibaba and Tencent are involved in talks to buy a minority stake in advertising giant WPP's Chinese unit, Sky News reported on Saturday, citing unidentified sources.
Amazon, Toyota, Alcoa and others working to counter Trump's tariff plans
Sat, 21 Jul 2018 03:44:18 -0400
Big companies in the United States from Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration's trade policies and to head off new tariffs.
Cryptocurrency exchange Coinbase forms political action committee
Fri, 20 Jul 2018 21:57:15 -0400
Coinbase has formed a political action committee (PAC) to raise money to spend on U.S. elections, the cryptocurrency exchange said in a filing made public on Friday.
U.S. lawmakers cut anti-ZTE measure from defense bill
Fri, 20 Jul 2018 19:17:03 -0400
U.S. lawmakers cut measures from a defense bill that would have reinstated sanctions on China's ZTE Corp, abandoning an attempt to punish the company for illegally shipping U.S. products to Iran and North Korea.
Microsoft shares at all-time high after bumper results
Fri, 20 Jul 2018 16:17:31 -0400
Microsoft Corp shares rose about 5 percent to an all-time high on Friday, after investors cheered another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.
Russian government: Telcoms face cost hike from new security law
Fri, 20 Jul 2018 12:20:18 -0400
Russian telecoms operators will have to ramp up charges by up to 10 percent to cover costs they will incur implementing new laws designed to give state security greater oversight over telecoms, according to an estimate from the main security agency.
GE beats on EPS but trims cash flow target; shares fall
Fri, 20 Jul 2018 12:09:53 -0400
General Electric Co reported a smaller-than-expected drop in profit on Friday, but cut a key financial target, raising questions about its full-year outlook and sending shares sharply lower.
India's Wipro sees strong demand for services from financial clients
Fri, 20 Jul 2018 11:45:54 -0400
Indian IT company Wipro Ltd said it was seeing strong demand for its services from clients in banking, financial services and insurance (BFSI), while it faces challenges in its India business and in the U.S. healthcare sector.
Cyberattack on Singapore health database steals details of 1.5 million, including PM
Fri, 20 Jul 2018 11:44:22 -0400
A major cyberattack on Singapore's government health database stole the personal information of about 1.5 million people, including Prime Minister Lee Hsien Loong, the government said on Friday.
AT&T reveals three more cities for 5G launch by end of year
Fri, 20 Jul 2018 10:29:56 -0400
AT&T Inc on Friday named Oklahoma City, Charlotte and Raleigh, North Carolina, as three more cities where it plans launch its next-generation wireless network, or 5G, by the end of the year.
Apple Watch, FitBit could feel cost of U.S. tariffs
Fri, 20 Jul 2018 08:30:32 -0400
The latest round of U.S. tariffs on $200 billion of Chinese goods could hit the Apple Watch, health trackers, streaming music speakers and other accessories assembled in China, government rulings on tariffs show.
SoftBank's Vision Fund to invest $1 billion in China AI startup: Bloomberg
Fri, 20 Jul 2018 02:06:14 -0400
SoftBank Group Corp's Vision Fund is seeking to invest almost $1 billion in SenseTime Group Ltd, a Chinese facial recognition technology developer, Bloomberg reported on Friday.
Exclusive: Tesla's battery maker suspends cobalt supplier amid sanctions concern
Thu, 19 Jul 2018 21:54:24 -0400
Panasonic Corp said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its concerns.
At patent trial, Groupon casts IBM as shaking down other tech companies
Thu, 19 Jul 2018 19:15:31 -0400
A lawyer for discount e-commerce company Groupon Inc told a court in Delaware on Thursday that International Business Machines Corp has shaken down practically every large tech firm for patent fees.
Microsoft beats Wall Street targets on cloud services revenue
Thu, 19 Jul 2018 18:44:22 -0400
Microsoft Corp on Thursday posted quarterly profit and revenue that beat analysts' estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite.
Comcast concedes to Disney in bidding war for Fox assets
Thu, 19 Jul 2018 16:29:10 -0400
Comcast Corp dropped its $66 billion bid for Twenty-First Century Fox Inc's entertainment assets on Thursday but said it would still try to expand its international footprint by acquiring 61 percent of European broadcaster Sky Plc , the remainder of which is owned by Fox.
Trump slams EU over $5 billion fine on Google
Thu, 19 Jul 2018 16:05:49 -0400
U.S. President Donald Trump on Thursday criticized the European Union over a record $5 billion fine EU antitrust regulators imposed on Google, saying the bloc was taking advantage of the United States.
Meal delivery service DoorDash hires Uber finance head as CFO
Thu, 19 Jul 2018 15:46:09 -0400
Meal delivery service DoorDash Inc has hired Uber Technologies Inc's head of finance to be its chief financial officer, positioning the startup closer to an initial public offering and dealing another executive loss to Uber.
Fiat Chrysler kicks off Magneti Marelli spin-off
Thu, 19 Jul 2018 14:15:18 -0400
Fiat Chrysler (FCA) has kicked off its planned spin-off of parts maker Magneti Marelli which will be registered in the Netherlands and listed on the Milan stock exchange, a document outlining initial plans and seen by Reuters showed.
Tesla says Model 3 refunds not outpacing deposits
Thu, 19 Jul 2018 14:12:31 -0400
Tesla Inc denied on Thursday that refunds of bookings of its Model 3 sedan were now outpacing reservations, responding to a report earlier in the day by a Wall Street brokerage citing channel checks on the electric carmaker.