SAN FRANCISCO (Reuters) - Quarterly results from Alphabet Inc (GOOGL.O) and Facebook Inc (FB.O) provided fresh evidence this week that the digital advertising market is effectively a duopoly, a dynamic with deep implications for two of Silicon Valley's titans. Alphabet, the owner of Google and YouTu...
ATHENS (Reuters) - A Russian national suspected of masterminding a money-laundering operation using bitcoin was transferred to prison in Greece on Friday, while the United States prepares documentation to back an extradition request for him. Russian national Alexander Vinnik, 38, is suspected of ope...
(Reuters) - A steeper-than-expected drop in quarterly profit rattled some Amazon.com (AMZN.O) investors, but Wall Street analysts remained largely bullish about the company's aggressive spending plans. Shares of the e-commerce juggernaut, which have risen 40 percent this year, were down 4.3 percent ...
SAN FRANCISCO (Reuters) - A flood of Snap Inc (SNAP.N) shares held back since the Snapchat owner's initial public offering could start to trade freely next week, pressuring a stock that has already plunged far below its debut price. Starting on Monday and extending into August, early investors, empl...
LAS VEGAS (Reuters) - Hackers attending this weekend's Def Con hacking convention in Las Vegas will have a chance to break into voting machines and voter databases in a bid to uncover vulnerabilities that could be exploited to sway election results. Organizers decided to set up the 25-year-old confe...
MILAN (Reuters) - Telecom Italia (TIM) (TLIT.MI) will announce on Friday the arrival of Amos Genish as general manager in charge of operations, the company's executive chairman said, confirming a report by Reuters. Arnaud de Puyfontaine, who also serves as CEO of Vivendi (VIV.PA), told analysts on a...
TOKYO (Reuters) - Japan's Sharp Corp reported its third consecutive quarter of net profit on Friday, staying on track to achieve its first annual profit in four years following a cost-cutting drive under Taiwanese owner Foxconn. With a profit recovery firmly underway, Sharp is preparing to take the ...
HONG KONG (Reuters) - Chinese startup Ofo is in talks to raise $1 billion in a new funding round led by Japan's SoftBank Group, people familiar with the matter said, in what would be the largest fund-raising in the nation's bike-sharing business. Didi Chuxing, China's biggest ride-hailing firm which...
SHANGHAI (Reuters) - Chinese smartphone maker Xiaomi Inc said on Friday it had signed a deal for a new $1 billion loan to accelerate its drive into brick-and-mortar stores and help a push overseas. The three-year syndicated loan comes as China's tech giants look to diversify their businesses as e-co...
(Reuters) - Amazon.com Inc on Thursday reported a jump in retail sales along with a profit slump, as its rapid, costly expansion into new shopping categories and countries showed no sign of slowing. The world's largest online retailer posted second-quarter revenue of $38 billion, up 25 percent from ...
NEW YORK (Reuters) - Technology companies looking to raise money by issuing digital coins are moving forward with their plans despite a U.S. regulator's decision that their offerings may be subject to tough securities laws. Such initial coin offerings, or ICOs, have allowed startups to raise $1 bill...
LAS VEGAS (Reuters) - The surge in far-flung and destructive cyber attacks is not good for national security, but for an increasing number of hackers and researchers, it is great for job security. The new reality is on display in Las Vegas this week at the annual Black Hat and Def Con security confe...
DETROIT (Reuters) - The head of General Motors Co's Cadillac luxury division said on Thursday the brand will shrink its lineup of sedans and expand its offerings of sport utility vehicles and hybrid and electric vehicles in response to market shifts. Expanding Cadillac's global sales is central to G...
(Reuters) - Intel Corp, the world's largest chipmaker, reported a 9.1 percent rise in quarterly revenue, helped by strength in its data center and personal computer businesses. The company's net income rose to $2.81 billion, or 58 cents per share, in the second quarter ended July 1 from $1.33 billio...
(Reuters) - Electronic Arts Inc forecast revenue slightly below analysts' estimates for the current quarter, when the video-game publisher is expected to launch the latest franchises of its popular sports titles such as "Madden NFL" and "FIFA". The company expects second-quarter adjusted revenue of ...
(Reuters) - Apple Inc (AAPL.O) said Thursday that it will discontinue the iPod Shuffle and iPod Nano, the last two music players in the company's lineup that cannot play songs from Apple Music, its streaming service that competes with Spotify and Pandora Media Inc (P.N). The two devices are the dire...
(Reuters) - Amazon.com Inc Chief Executive Jeff Bezos has unseated fellow tech billionaire Bill Gates as the richest person in the world, profiting from the e-commerce company's meteoric stock rise to reach a fortune of $90.6 billion, Forbes reported. Amazon shares jumped 1.6 percent at the start of...
WASHINGTON (Reuters) - An influential U.S. House Committee on Thursday approved a revised bipartisan bill on a 54-0 vote that would speed the deployment of self-driving cars without human controls and bar states from blocking autonomous vehicles. The bill would allow automakers to obtain exemptions ...
(Reuters) - Shares of Facebook Inc (FB.O) touched a record high on Thursday on the back of overwhelmingly positive quarterly results, adding more than $27 billion to its market value. The world's biggest online social network posted a 71 percent surge in second-quarter profit and a 50 percent jump i...
LAS VEGAS (Reuters) - Hackers believed to be working for the Iranian government have impersonated a young female photographer on social media for more than a year, luring men working in industries strategically important to Tehran's regional adversaries, according to research published Thursday. The...
