Microsoft to cut 2,850 more jobs

FILE PHOTO -- A Microsoft logo is seen a day after Microsoft Corp's $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, U.S. June 14, 2016. Reuters/Lucy Nicholson/File Photo Microsoft Corp said it would cut about 2,850 more jobs over the next 12 months, taking its total planned job ...

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Google-parent Alphabet revenue rises more than expected

A woman holds her smart phone which displays the Google home page, in this picture illustration taken February 24, 2016. Reuters/Eric Gaillard/Illustration/Files Google-parent Alphabet Inc's (GOOGL.O) revenue increased a bigger-than-expected 21.3 percent in the second quarter, driven by strong adver...

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Amazon revenue beats estimates as cloud sales surge

Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. Reuters/Mike Segar/File Photo Amazon.com Inc (AMZN.O) reported a better-than-expected rise in quarterly revenue, powered by blockbuster growth in its cloud services unit and an increase in subscri...

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Expedia quarterly profit slides

The logo of global online travel brand Expedia is pictured at the International Tourism Trade Fair (ITB) in Berlin, Germany, March 9, 2016. Reuters/Fabrizio Bensch Expedia Inc (EXPE.O), the world's largest online travel services company, said quarterly net income fell 93 percent from a year earlier ...

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Would You Use This ATM?

One basic tenet of computer security is this: If you can’t vouch for a networked thing’s physical security, you cannot also vouch for its cybersecurity. That’s because in most cases, networked things really aren’t designed to foil a skilled and determined attacker who ca...

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Would You Use This ATM?

One basic tenet of computer security is this: If you can’t vouch for a networked thing’s physical security, you cannot also vouch for its cybersecurity. That’s because in most cases, networked things really aren’t designed to foil a skilled and determined attacker who ca...

Continue reading

Vivendi considers suing Mediaset for defamation: spokeswoman

French media giant Vivendi (VIV.PA) is considering suing Mediaset (MS.MI) for defamation after the Italian broadcaster denounced what it sees as an unacceptable u-turn on a deal regarding its pay-TV arm Premium. "Vivendi reserves the right to sue Mediaset for defamation," a Vivendi spokeswoman told ...

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Tesla gets vote of confidence from a top investor at Fidelity

BOSTON (Reuters) - The manager of Fidelity's OTC Portfolio, a top investor in Tesla Motors Inc and SolarCity Corp, gave the electric automaker's strategies a vote of confidence in his most recent commentary to fund shareholders.

Mediaset to seek damages from Vivendi over pay-TV deal

MILAN (Reuters) - The board of Italian broadcaster Mediaset said on Thursday it rejected an alternative proposal by Vivendi for the sale of its pay-TV unit and would seek legal action against the French media group.

Record online orders boosts GrubHub revenue, shares soar

(Reuters) - GrubHub Inc's revenue increased more than expected in the second quarter as a record number of people used its service to order meals online, sending the company's shares surging to a new year-high.

Nestle says to collaborate with Samsung to explore nutrition science

ZURICH (Reuters) - Nestle said it is teaming up with Samsung in a research project to explore the potential of nutrition science and digital sensor technologies.

Mercedes rejects claims about 'misleading' self-driving car ads

FRANKFURT (Reuters) - Mercedes-Benz has defended an advertising campaign for its new E-Class against allegations that consumers were being misled about the car's self-driving capabilities, the latest backlash by consumer groups in the wake of a fatal Tesla accident.

Facebook shares hit record high as it beats estimates again

(Reuters) - Facebook Inc is growing so fast analysts can't keep up.

Toy-robot maker Wonder Workshop raises $20 million in second funding round

(Reuters) - Wonder Workshop Inc, which makes toy robots that teach kids how to code, said it raised $20 million in its second round of funding and was looking to expand into new markets, especially China.

America Movil says to reduce Telekom Austria stake

VIENNA (Reuters) - America Movil said on Thursday it would cut its stake in Telekom Austria by 7.8 percentage points to just over 50 percent as a deadline neared for it to reduce its holding and increase the Austrian firm's free float.

Oracle to buy NetSuite in $9.3 billion deal

(Reuters) - Oracle Corp said it would buy NetSuite Inc in a deal valued at about $9.3 billion to expand into the fast-growing cloud market.

China issues regulations for online ride-hailing services

BEIJING (Reuters) - China has issued the final version of a policy to regulate booming online-ride hailing services, according to a document made public on Thursday, for a sector in which Uber Technologies Inc [UBER.UL] and Chinese rival Didi Chuxing compete aggressively.

SoftBank first-quarter profit flat, profits at domestic telecoms business solid

TOKYO (Reuters) - SoftBank Group Corp reported a 0.2 percent increase in first-quarter operating profit as solid profits in its domestic telecommunications business offset losses at U.S. unit Sprint Corp .

South Korea to expand tax benefits for R&D spending to drive new growth

SEOUL (Reuters) - South Korea's government plans to expand tax benefits for research and development of robotics and other technologies as it seeks out industries that could become new economic growth engines.

New crop of robots to vie for space in the operating room

CHICAGO (Reuters) - Even though many doctors see need for improvement, surgical robots are poised for big gains in operating rooms around the world.