IBM revenue misses on weakness in its biggest unit; shares fall 5%

International Business Machines Corp missed Wall Street estimates for quarterly revenue on Wednesday, as its global technology services unit was hit by weakness in some European markets, sending its shares down 5% in extended trading.

Ex-Cisco engineers raise $278 million for startup

A cloud startup founded by a group of four ex-Cisco Systems Inc engineers said on Wednesday it has raised $278 million to fund products that aim to help the data centers of customers like investment banks function more like those of cloud computing providers.

Netflix shares jump as subscribers grow ahead of Disney, Apple attack

Netflix Inc added slightly more paying subscribers than Wall Street expected in the third quarter, a relief to investors who had worried the company might fall short just as Disney and others prepare to ramp up the streaming video wars.

IBM quarterly revenue misses, shares fall

International Business Machines Corp missed analysts' estimates for third-quarter revenue on Wednesday, overshadowing a profit beat and sending its shares down 3% in extended trading.

Netflix adds more-than-expected subscribers in third quarter

Netflix Inc added more-than-expected paid subscribers in the third quarter, boosted by the launch of new seasons of "Stranger Things" and "13 Reasons Why", sending its shares up 5% in trading after the bell.

IBM beats profit estimates on cloud-computing growth

International Business Machines Corp beat analysts' estimates for third-quarter profit on Wednesday, benefiting from growth in its high-margin cloud-computing business.

Facebook's Libra faces 'core' legal, regulatory challenges: Brainard

U.S. Federal Reserve Governor Lael Brainard said on Wednesday that Facebook's efforts to launch a Libra cryptocurrency must overcome a "core set of legal and regulatory challenges" before facilitating a single payment.

Facebook's Libra facing 'core' legal, regulatory challenges before launch

U.S. Federal Reserve Governor Lael Brainard said Wednesday that Facebook's efforts to launch a Libra cryptocurrency must overcome a "core set of legal and regulatory challenges" before facilitating a single payment.

Let's do it together: Huawei seeks to allay EU concerns with appeal for 5G partnership

Chinese telecoms manufacturer Huawei Technologies [HWT.UL] sought on Wednesday to assuage European concerns that it is a cyber security risk, saying it wants to help make the continent a world leader in next generation mobile networks.

FCC approves merger of T-Mobile, Sprint on vote split on party lines: sources

T-Mobile US Inc's proposed $26.5 billion tie-up with Sprint Corp won formal approval from the Federal Communications Commission on Wednesday in a vote split along party lines, two sources told Reuters.

FCC approves merger of T-Mobile, Sprint on vote split on party lines

T-Mobile US Inc's proposed $26.5 billion tie-up with Sprint Corp won formal approval from the Federal Communications Commission on Wednesday in a vote split along party lines, two sources told Reuters.

China's Didi Chuxing deepens Latam push with plans to launch in Costa Rica

Chinese ride-hailing giant Didi Chuxing is preparing to launch in Costa Rica, marking its first expansion into Central America, according to a job posting viewed by Reuters.

Facebook executive confident Libra will win enough financial backers

Facebook Inc , whose digital currency project Libra has been abandoned by several high-profile partners including PayPal, Visa and Mastercard, still expects to get 100 banks and financial firms on board once it addresses regulatory concerns, the head of the project said on Wednesday.

Xiaomi says widening India product range to shed budget image

China's Xiaomi Corp is shedding its image as a budget brand by widening its India product portfolio to include pricier, high-spec smartphones and smart TVs, a senior company executive said on Monday.

Facebook Libra should have 'no problem' getting 100 members on board by launch: executive

David Marcus, the head of Facebook's digital currency project Libra, said on Wednesday the group should have "no problem" getting 100 members on board and that he expects banks and other financial firms to join once regulatory issues are addressed.

Ride-hailing companies Uber, Lyft won't testify before Congress

Uber Technologies Inc and Lyft Inc declined to appear on Wednesday at a U.S. House of Representatives hearing on issues relating to the ride-hailing industry, a congressional committee said.

Huawei unveils new 5G antennae ahead of China ramp

Huawei Technologies on Wednesday launched a new generation of 5G mobile antennae, anticipating an acceleration in the pace of network upgrades led by the three operators in its vast Chinese home market.

Huawei's third-quarter revenue jumps 27% as smartphone sales surge

Huawei Technologies Co Ltd's third-quarter revenue jumped 27%, driven by a surge in shipments of smartphones launched before a trade blacklisting by the United States expected to hammer its business.

Ride-hailing companies Uber, Lyft won't testify before Congress: report

Uber Technologies Inc and Lyft Inc have declined to appear at a U.S. House of Representatives hearing on Wednesday on issues relating to the ride-hailing industry, the Washington Post reported, citing company and congressional sources.

U.S. chipmaker Broadcom told to stop exclusivity deals till EU probe ends

U.S. chipmaker Broadcom has been ordered to halt exclusivity deals with six TV and modem makers for up to three years while EU antitrust enforcers investigate whether these agreements are aimed at thwarting rivals.

Exclusive: U.S. carried out secret cyber strike on Iran in wake of Saudi oil attack: officials

The United States carried out a secret cyber operation against Iran in the wake of the Sept. 14 attacks on Saudi Arabia's oil facilities, which Washington and Riyadh blame on Tehran, two U.S. officials have told Reuters.

Broadcom says EU antitrust order will not impact business, will challenge it

U.S. chipmaker Broadcom said on Wednesday that an EU antitrust order to halt certain business deals with six TV and modem makers will not have a material impact on its business and it will challenge the EU move in court.

UK watchdog opens formal probe of Amazon Deliveroo deal

Britain's competition regulator said on Wednesday it had launched a formal investigation into Amazon.com Inc's investment in food delivery company Deliveroo, setting a December 11 deadline for a decision https://reut.rs/2ONs4b0 on the first phase of its probe.

Broadcom ordered to stop exclusivity deals till EU probe ends

U.S. chipmaker Broadcom has been ordered to halt exclusivity deals with TV and modem makers while EU antitrust enforcers investigate whether these agreements are aimed at thwarting rivals.

UK competition watchdog launches investigation into Amazon's Deliveroo deal

Britain's competition regulator said on Wednesday it has launched an investigation into Amazon.com Inc's investment in online food delivery firm Deliveroo.

Undercover entrepreneurs: fearful Mexican tech startups shun spotlight

In Mexico's burgeoning startup scene, publicity is the last thing many entrepreneurs want.

EU's Vestager to hold news conference 09:30 GMT, spotlight likely on Broadcom

European Competition Commissioner Margrethe Vestager will hold a news conference at 9:30 GMT, the European Commission said on Wednesday, with the focus expected to be on U.S. chipmaker Broadcom.

ASML tops profit forecast and sees surge in bookings

Semiconductor equipment maker ASML beat quarterly profit and bookings forecasts on Wednesday, continuing a strong run of results on demand for its latest chipmaking equipment.

Technical foul: Chinese traders in online sneaker market punish NBA after HK controversy

On Oct. 4, a Chinese trader noticed a sharp drop in the price of crypto tokens backed by Nike's Air Jordan sneakers on a U.S.-based exchange after the general manager of the NBA's Houston Rockets tweeted support for the protests in Hong Kong.

Huawei's revenue rises 24.4% in first three quarters of 2019

Huawei Technologies Co Ltd, the Chinese technology giant blacklisted by the U.S. government, said revenue grew 24.4% in the first three quarters of 2019 to 610.8 billion yuan ($86 billion).