Western Digital beats estimates, sets upbeat forecast on chip demand

(Reuters) - Western Digital Corp reported better-than-expected profit and revenue on Thursday, as demand for its memory chips used in smartphones and personal computers rose coupled with higher prices for its hard disk drives.

Wall Street much quicker to applaud Facebook than criticize it

(Reuters) - A month of darkening sentiment around Facebook Inc among analysts was washed away in an instant when the social media's earnings report blew through even the most optimistic earnings estimates.

Square to buy website building platform Weebly

NEW YORK (Reuters) - Square Inc, the payments company led by Twitter Inc Chief Executive Officer Jack Dorsey, will acquire website building startup Weebly, the company said on Thursday.

China's Baidu tops profit estimates on advertising growth, shares jump

(Reuters) - Chinese internet search giant Baidu Inc's quarterly profit topped analysts' forecasts, led by growth in its online advertising business.

Intel raises full-year forecasts on demand for data center chips

(Reuters) - Intel Corp beat earnings expectations for the first quarter and raised its full-year revenue and profit forecasts on Thursday, driven by higher demand for chips from data centers and personal computers.

Amazon surprises Wall Street with huge profits, optimistic outlook

(Reuters) - Amazon.com Inc's march in retail and cloud computing showed no sign of slowing on Thursday, as the company reported a surge in first-quarter sales and profit, both ahead of expectations.

Western Digital profit, revenue beat estimates; shares rise

(Reuters) - Western Digital Corp reported better-than-expected profit and revenue on Thursday, as the demand for its memory chips used in smartphones and personal computers rose.

Microsoft tops estimates as Azure, Office products drive gains

(Reuters) - Microsoft Corp topped Wall Street forecasts for quarterly profit as it signed up more businesses to its Azure cloud computing services and Office 365 productivity suite.

Intel results beat on demand for data center chips

(Reuters) - Intel Corp beat revenue and profit expectations for the first quarter on Thursday, driven by higher demand for chips from data centers and personal computers.

Amazon's first-quarter revenue, profit trounce estimates

(Reuters) - Amazon.com Inc reported first-quarter revenue and profit on Thursday that trounced analysts' estimates, driven by a surge in online shopping and higher demand for its cloud services.

Facebook slammed by UK lawmakers as CTO promises transparency overhaul

LONDON (Reuters) - A top Facebook executive apologized for errors made by the firm and vowed to do more to improve transparency during a four-hour grilling on Thursday from British lawmakers who insisted the company's response to a data scandal had been inadequate.

U.S. Congress spars over social media filtering; companies skip hearing

WASHINGTON (Reuters) - Democrats and Republicans in the U.S. House of Representatives on Thursday sparred over the role of social media platforms Facebook, Google and Twitter in filtering content after representatives of the tech companies skipped a hearing.

No Doomsday scenario for Facebook as EU privacy rules kick in

FRANKFURT (Reuters) - As Europe nears tough new privacy rules, Facebook reckons the worst that could happen is that users will share less data, making it harder to target ads on the social network that raked in revenues of $12 billion in the first quarter.

Tesla Autopilot chief leaves to join Intel

(Reuters) - Tesla Inc's Autopilot chief Jim Keller is leaving the electric vehicle manufacturer to join chipmaker Intel Corp .

EU strikes deal forcing Netflix, Amazon to fund European content

BRUSSELS (Reuters) - EU lawmakers and member states on Thursday struck a preliminary deal that will allow countries to force online streaming services including Netflix and Amazon's video service to help fund European films and TV shows.

Facebook exec promises UK lawmakers overhaul for political ads

LONDON (Reuters) - Facebook will introduce new measures to improve transparency around advertising and politics in Britain, an executive said on Thursday, as he faced criticism from British lawmakers over a data scandal.

Facebook to clearly label political advertising in Britain

LONDON (Reuters) - Facebook will introduce new measures to improve transparency around advertising in Britain and require political ads to be clearly label led, an executive said on Thursday, as he faced questions in parliament over a data scandal.

Uber to update 'bug bounty' policies after 2016 data breach: executive

SAN FRANCISCO (Reuters) - Uber on Thursday plans to announce changes to how it rewards cyber researchers who report flaws in its software, a company executive told Reuters, as part of the ride-hailing firm's response to concerns raised about the way it handled a data breach in 2016.

Autobots Roll Out! - transforming robot unveiled in Japan

TOKYO (Reuters) - A Transformers-style, humanoid robot that can shape shift into a sports car in about 60 seconds was unveiled in Japan on Wednesday.

Facebook to clearly label political advertising in Britain, CTO says

LONDON (Reuters) - Facebook will introduce new measures to boost transparency around adverts in Britain by June this year and require political ads to be clearly labeled, the firm's Chief Technology Officer told a British parliamentary committee.