Cloud computing drives massive growth for big U.S. tech firms

SAN FRANCISCO (Reuters) - Amazon.com Inc (AMZN.O), Microsoft Corp (MSFT.O), Alphabet Corp’s (GOOGL.O) Google and Intel Corp (INTC.O) are all putting their chips on the cloud computing business, and it is booming. FILE PHOTO - A sign marks the Microsoft office in Cambridge, Massachusetts, U.S. ...

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Apple, GE release app-making tools for industrial internet

SAN FRANCISCO (Reuters) - Apple Inc and General Electric Co released app-making tools on Thursday tailored to GE’s Predix platform for connecting power plants, jet engines and other industrial equipment to the internet. FILE PHOTO: An Apple logo is seen at an Apple store in Pudong, the financi...

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Nasdaq sues operators of cyber security ETF, alleging theft

NEW YORK (Reuters) - Nasdaq Inc on Thursday deepened a fierce battle over a $1.1 billion cyber security fund, suing a former business partner it said stole the exchange-traded fund (ETF) and several others, as well as the millions of dollars of profit they generate annually. FILE PHOTO: The Nasdaq l...

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Intel lifts full-year forecasts on data center strength

(Reuters) - Intel Corp (INTC.O), the world’s largest computer chipmaker, raised its full-year revenue and profit forecasts, helped by strong growth in its data center business. Intel's logo is pictured at Tokyo Game Show 2017 in Chiba, east of Tokyo, Japan, September 21, 2017. REUTERS/Kim Kyun...

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Alphabet's mobile ad revenue surges; shares jump

(Reuters) - Alphabet Inc (GOOGL.O) on Thursday reported stronger-than-expected advertising sales and higher operating margins, driving shares up in after-hours trading as investors brushed off concerns about higher costs for acquiring mobile customers. FILE PHOTO - The Google logo is pictured atop a...

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Intel raises full year revenue, profit forecast

(Reuters) - Intel Corp (INTC.O), the world’s largest computer chipmaker, raised its full-year revenue and profit forecasts, helped by strong growth in its data center business. Intel's logo is pictured at Tokyo Game Show 2017 in Chiba, east of Tokyo, Japan, September 21, 2017. REUTERS/Kim Kyun...

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Microsoft beats profit estimates on gains from cloud services

(Reuters) - Microsoft Corp (MSFT.O) reported a better-than-expected quarterly profit on Thursday as demand for its cloud computing services for companies rose and its personal computer software business stabilized. FILE PHOTO: An promotional video plays behind a window reflecting a nearby building a...

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Baidu sees current-quarter revenue below estimates, shares drop

(Reuters) - Chinese search engine giant Baidu Inc forecast December quarter revenue that fell short of analysts’ estimates as the company ramps up investments in artificial intelligence and autonomous driving technologies. FILE PHOTO - Baidu's company logo is seen at its headquarters in Beijin...

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Alphabet revenue rise 24 percent on mobile ad growth; shares jump

(Reuters) - Alphabet Inc (GOOGL.O) on Thursday reported stronger-than-expected advertising sales and higher operating margins, driving shares up in after-hours trading as investors brushed off concerns about higher costs for acquiring mobile customers. FILE PHOTO - The Google logo is pictured atop a...

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Amazon sales surge after Whole Foods acquisition, busy Prime Day

(Reuters) - Amazon.com Inc (AMZN.O) on Thursday said its sales surged over the summer and profit trounced expectations, as shoppers jumped at “Prime Day” promotions on its website and bought groceries at its newly acquired chain of Whole Foods Market stores. FILE PHOTO - The logo of Amaz...

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Amazon beats on profit after Prime Day sales surge

(Reuters) - Amazon.com Inc (AMZN.O) sales jumped 34 percent in the third quarter and profit topped analysts’ estimates as Prime Day sales boosted its retail business and demand remained strong for its popular cloud service for companies. FILE PHOTO - The logo of Amazon is seen at the company l...

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Alphabet revenue jumps 24 percent on mobile advertising growth

(Reuters) - Google parent Alphabet Inc (GOOGL.O) reported a 24 percent jump in quarterly revenue on robust mobile advertising. FILE PHOTO - The Google logo is pictured atop an office building in Irvine, California, U.S. August 7, 2017. REUTERS/Mike Blake/File Photo The company’s shares were up...

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Intel reports 34 percent rise in quarterly profit

(Reuters) - Intel Corp (INTC.O), the world’s largest computer chipmaker, reported a 33.7 percent rise in quarterly profit on Thursday, helped by strong growth in its data center and cloud computing business. Intel's logo is pictured at Tokyo Game Show 2017 in Chiba, east of Tokyo, Japan, Septe...

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Microsoft's profit rises 16 percent

(Reuters) - Microsoft Corp (MSFT.O) reported a 16 percent rise in quarterly profit on Thursday as demand for its cloud computing services for companies rose and personal computer software business stabilized. FILE PHOTO: An promotional video plays behind a window reflecting a nearby building at the ...

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AIG to update casualty insurance to include cyber coverage

(Reuters) - American International Group Inc said it will begin revising all commercial policies to include cyber coverage in January, a move that will boost rates but make it clearer how customers are covered if they are the victim of a security breach. FILE PHOTO: The AIG logo is seen at its build...

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AIG to update casualty coverage to include cyber: exec

(Reuters) - American International Group Inc will issue an updated commercial casualty policy during the 2018 first quarter that includes cyber coverage, the insurer’s global head of cyber risk insurance said on Wednesday. FILE PHOTO: The AIG logo is seen at its building in New York's financia...

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Twitter says it could turn first-ever profit, shares surge

(Reuters) - Twitter Inc (TWTR.N) said on Thursday it may become profitable for the first time next quarter after slashing expenses over the past year and ramping up deals to sell its data to other companies, which could help to break its reliance on advertising for revenue. FILE PHOTO: The Twitter l...

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U.S. investment firm with long-term view launches two crypto-currency funds

NEW YORK (Reuters) - Multicoin Capital, a U.S. investment firm with a multi-year horizon, said on Thursday it has launched two funds that will invest in digital currencies or tokens, as it seeks to tap robust demand for virtual assets that allow for instant, borderless transactions. Both funds have ...

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McAfee says it no longer will permit government source code reviews

WASHINGTON (Reuters) - U.S.-based cyber firm McAfee said it will no longer permit foreign governments to scrutinize the source code of its products, halting a practice some security experts have warned could be leveraged by nation-states to carry out cyber attacks. McAfee computer security software ...

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Twitter says could turn first-ever profit, shares jump

(Reuters) - Twitter Inc (TWTR.N) said on Thursday it may become profitable for the first time next quarter after slashing expenses over the past year and diversifying its advertising-heavy revenue by ramping up deals to sell its data to other companies. FILE PHOTO: The Twitter logo is displayed on a...

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