Take-Two shares tumble as revenue forecasts fall short of estimates

Videogame publisher Take-Two Interactive Software Inc disappointed investors on Wednesday with its adjusted revenue forecasts for the current quarter and the full year, sending its shares down as much as 14 percent.

Cognizant beats quarterly expectations, names new CEO

Cognizant Technology Solutions Corp on Wednesday beat Wall Street estimates for quarterly results as it benefited from higher spending by clients in the healthcare and financial industries, sending its shares up 2 percent.

Spotify posts first ever operating profit, but cautious outlook for 2019

Spotify posted its first ever quarterly operating profit on Wednesday driven by a strong gross margin and slower-than-expected headcount growth, but it warned of a loss in 2019 and issued modest forecasts which disappointed investors.

Snap shares soar as Android app shows promise

Shares of Snap Inc rose 26 percent on Wednesday, after the maker of Snapchat messaging app arrested a fall in users on Apple devices and drew a series of favorable reviews from analysts for its progress with a new Android app.

India defers plan to tax mobile touch panel imports: sources

India has deferred a plan to tax imports of touch panels, three sources said, after smartphone makers such as Samsung Electronics asked the government to delay levying tariffs on such new imported components under a phased plan to boost local manufacturing.

IBM develops new technology to help prevent power outages

IBM Corp. has developed technology to predict and monitor when and where trees and vegetation threaten power lines which could help improve power supply operations and reduce outages, it said on Wednesday.

German ministers meet as U.S. urges Huawei exclusion: sources

German ministers discussed on Wednesday how to safeguard security in future 5G mobile networks, government sources said, amid intense debate over whether to shut China's Huawei Technologies out of the market.

New York Times beats estimates on digital subscriber growth

The New York Times Co reported better-than-expected quarterly profit and revenue on Wednesday, as it signed up almost 9 percent more digital subscribers in just three months.

Indian political parties abuse WhatsApp service ahead of election: executive

India's political parties have been abusing Facebook Inc's popular messaging service WhatsApp ahead of the country's general election and the company has warned them not to do so, a senior executive said on Wednesday.

Fintech firm Pagaya issuing $100 million in asset-backed securities

Pagaya, a U.S.-Israeli firm that uses machine learning and big data to manage institutional money, said on Wednesday it is issuing and overseeing $100 million in actively managed asset-backed securities led by structuring agent Cantor Fitzgerald.

Take-Two shares sink as forecasts fall short

Videogame publisher Take-Two Interactive Software Inc disappointed investors on Wednesday with its forecasts for fourth quarter and full-year adjusted revenue, sending its shares down as much as 10 percent.

Huawei offers to build cyber security center in Poland

China's Huawei has offered to build a cyber security center in Poland where last month authorities arrested a Chinese employee of the telecommunications firm along with a former Polish security official on spying charges.

German ministers discuss Huawei's role in 5G network: sources

German ministers were due to meet on Wednesday to discuss how to safeguard security in future 5G mobile networks, two government sources said, amid intense debate over whether to shut China's Huawei Technologies out of the market.

Cognizant quarterly results beat expectations, appoints new CEO

Cognizant Technology Solutions Corp on Wednesday beat Wall Street estimates for quarterly results, benefiting from higher spending by clients in the healthcare and financial industries.

Cognizant quarterly revenue beats estimates, appoints new CEO

Cognizant Technology Solutions Corp on Wednesday beat Wall Street estimates for quarterly revenue, benefiting from higher spending by clients in the healthcare and financial industries.

Exclusive: Huawei needs 3-5 years to resolve British security fears - letter

A $2 billion effort by China's Huawei to address security issues raised in a British government report last year will take between three and five years to produce results, according to a company letter to British lawmakers seen by Reuters.

Spotify posts surprise profit in fourth quarter, sees loss in 2019

Spotify, the world's most popular paid music streaming service, reported an unexpected fourth-quarter operating profit on Wednesday but its sales growth was well below expectations and it said it sees a loss of 200-360 million euros in 2019.

China hacked Norway's Visma to steal client secrets: investigators

Hackers working on behalf of Chinese intelligence breached the network of Norwegian software firm Visma to steal secrets from its clients, cyber security researchers said, in what a company executive described as a potentially catastrophic attack.

Spotify reports 30 percent rise in quarterly revenue

Spotify Technology SA on Wednesday reported a 30 percent rise in fourth-quarter revenue, as the music streaming company signed up more paid subscribers.

Huawei offers to launch cyber security center in Poland

Huawei, the world's biggest producer of telecommunications equipment, offers to launch a cyber security center in Poland, Tonny Bao, the head of Huawei Polish unit said on Wednesday.