Apple, GE release app-making tools for industrial internet

SAN FRANCISCO (Reuters) - Apple Inc and General Electric Co released app-making tools on Thursday tailored to GE’s Predix platform for connecting power plants, jet engines and other industrial equipment to the internet. FILE PHOTO: An Apple logo is seen at an Apple store in Pudong, the financi...

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Nasdaq sues operators of cyber security ETF, alleging theft

NEW YORK (Reuters) - Nasdaq Inc on Thursday deepened a fierce battle over a $1.1 billion cyber security fund, suing a former business partner it said stole the exchange-traded fund (ETF) and several others, as well as the millions of dollars of profit they generate annually. FILE PHOTO: The Nasdaq l...

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Intel lifts full-year forecasts on data center strength

(Reuters) - Intel Corp (INTC.O), the world’s largest computer chipmaker, raised its full-year revenue and profit forecasts, helped by strong growth in its data center business. Intel's logo is pictured at Tokyo Game Show 2017 in Chiba, east of Tokyo, Japan, September 21, 2017. REUTERS/Kim Kyun...

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Alphabet's mobile ad revenue surges; shares jump

(Reuters) - Alphabet Inc (GOOGL.O) on Thursday reported stronger-than-expected advertising sales and higher operating margins, driving shares up in after-hours trading as investors brushed off concerns about higher costs for acquiring mobile customers. FILE PHOTO - The Google logo is pictured atop a...

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Intel raises full year revenue, profit forecast

(Reuters) - Intel Corp (INTC.O), the world’s largest computer chipmaker, raised its full-year revenue and profit forecasts, helped by strong growth in its data center business. Intel's logo is pictured at Tokyo Game Show 2017 in Chiba, east of Tokyo, Japan, September 21, 2017. REUTERS/Kim Kyun...

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Microsoft beats profit estimates on gains from cloud services

(Reuters) - Microsoft Corp (MSFT.O) reported a better-than-expected quarterly profit on Thursday as demand for its cloud computing services for companies rose and its personal computer software business stabilized. FILE PHOTO: An promotional video plays behind a window reflecting a nearby building a...

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Baidu sees current-quarter revenue below estimates, shares drop

(Reuters) - Chinese search engine giant Baidu Inc forecast December quarter revenue that fell short of analysts’ estimates as the company ramps up investments in artificial intelligence and autonomous driving technologies. FILE PHOTO - Baidu's company logo is seen at its headquarters in Beijin...

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Alphabet revenue rise 24 percent on mobile ad growth; shares jump

(Reuters) - Alphabet Inc (GOOGL.O) on Thursday reported stronger-than-expected advertising sales and higher operating margins, driving shares up in after-hours trading as investors brushed off concerns about higher costs for acquiring mobile customers. FILE PHOTO - The Google logo is pictured atop a...

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Amazon sales surge after Whole Foods acquisition, busy Prime Day

(Reuters) - Amazon.com Inc (AMZN.O) on Thursday said its sales surged over the summer and profit trounced expectations, as shoppers jumped at “Prime Day” promotions on its website and bought groceries at its newly acquired chain of Whole Foods Market stores. FILE PHOTO - The logo of Amaz...

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Amazon beats on profit after Prime Day sales surge

(Reuters) - Amazon.com Inc (AMZN.O) sales jumped 34 percent in the third quarter and profit topped analysts’ estimates as Prime Day sales boosted its retail business and demand remained strong for its popular cloud service for companies. FILE PHOTO - The logo of Amazon is seen at the company l...

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Alphabet revenue jumps 24 percent on mobile advertising growth

(Reuters) - Google parent Alphabet Inc (GOOGL.O) reported a 24 percent jump in quarterly revenue on robust mobile advertising. FILE PHOTO - The Google logo is pictured atop an office building in Irvine, California, U.S. August 7, 2017. REUTERS/Mike Blake/File Photo The company’s shares were up...

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Intel reports 34 percent rise in quarterly profit

(Reuters) - Intel Corp (INTC.O), the world’s largest computer chipmaker, reported a 33.7 percent rise in quarterly profit on Thursday, helped by strong growth in its data center and cloud computing business. Intel's logo is pictured at Tokyo Game Show 2017 in Chiba, east of Tokyo, Japan, Septe...

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Microsoft's profit rises 16 percent

(Reuters) - Microsoft Corp (MSFT.O) reported a 16 percent rise in quarterly profit on Thursday as demand for its cloud computing services for companies rose and personal computer software business stabilized. FILE PHOTO: An promotional video plays behind a window reflecting a nearby building at the ...

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AIG to update casualty insurance to include cyber coverage

(Reuters) - American International Group Inc said it will begin revising all commercial policies to include cyber coverage in January, a move that will boost rates but make it clearer how customers are covered if they are the victim of a security breach. FILE PHOTO: The AIG logo is seen at its build...

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AIG to update casualty coverage to include cyber: exec

(Reuters) - American International Group Inc will issue an updated commercial casualty policy during the 2018 first quarter that includes cyber coverage, the insurer’s global head of cyber risk insurance said on Wednesday. FILE PHOTO: The AIG logo is seen at its building in New York's financia...

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Twitter says it could turn first-ever profit, shares surge

(Reuters) - Twitter Inc (TWTR.N) said on Thursday it may become profitable for the first time next quarter after slashing expenses over the past year and ramping up deals to sell its data to other companies, which could help to break its reliance on advertising for revenue. FILE PHOTO: The Twitter l...

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U.S. investment firm with long-term view launches two crypto-currency funds

NEW YORK (Reuters) - Multicoin Capital, a U.S. investment firm with a multi-year horizon, said on Thursday it has launched two funds that will invest in digital currencies or tokens, as it seeks to tap robust demand for virtual assets that allow for instant, borderless transactions. Both funds have ...

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McAfee says it no longer will permit government source code reviews

WASHINGTON (Reuters) - U.S.-based cyber firm McAfee said it will no longer permit foreign governments to scrutinize the source code of its products, halting a practice some security experts have warned could be leveraged by nation-states to carry out cyber attacks. McAfee computer security software ...

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Twitter says could turn first-ever profit, shares jump

(Reuters) - Twitter Inc (TWTR.N) said on Thursday it may become profitable for the first time next quarter after slashing expenses over the past year and diversifying its advertising-heavy revenue by ramping up deals to sell its data to other companies. FILE PHOTO: The Twitter logo is displayed on a...

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Amazon's bold spending to be closely watched in latest results

(Reuters) - Amazon.com Inc’s (AMZN.O) audacious spending on original TV shows and movies, its cloud business and an ever-expanding core retail operations, will be closely watched by investors when the retail giant reports results on Thursday. FILE PHOTO - The logo of Amazon is seen at the comp...

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NotPetya hackers likely behind BadRabbit attack: researchers

MOSCOW (Reuters) - Hackers responsible for the NotPetya cyber attack which crippled businesses in Ukraine and around the world in June were likely behind a smaller-scale attack on Russia and other countries this week, Russia-based cyber security firm Group-IB said on Thursday. Attacks using malware ...

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Twitter nears first profitable quarter as it slashes expenses, shares jump

(Reuters) - Twitter Inc (TWTR.N) said on Thursday it could turn its first ever profit in the fourth quarter, after making sweeping cuts in expenses the past few months and finding sources of revenue beyond the advertising that dominates social media. FILE PHOTO: The Twitter logo is displayed on a sc...

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Alphabet looks to snowy Michigan to test self-driving cars

WASHINGTON (Reuters) - Alphabet Inc’s (GOOGL.O) self-driving car unit Waymo is expanding winter testing as it works to address a potential blind spot for autonomous vehicles: snowy and icy conditions. Waymo unveils a self-driving Chrysler Pacifica minivan during the North American Internationa...

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Nokia still reviewing options for undersea cables unit: CEO

HELSINKI (Reuters) - Nokia is still reviewing its options for its undersea cables unit, a business that underpins the global Internet, chief executive Rajeev Suri said on Thursday. Rajeev Suri, Nokia's President and Chief Executive Officer, walks on stage to deliver his keynote at Mobile World Congr...

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Wal-Mart launches shelf-scanning robots in about 40 stores

CHICAGO (Reuters) - Wal-Mart Stores Inc will roll out shelf-scanning robots in approximately 40 stores to replenish inventory faster on its shelves and save store employees time when products run out. FILE PHOTO: Shopping carts are seen outside a new Wal-Mart Express store in Chicago July 26, 2011. ...

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Twitter nears first profitable quarter as it slashes expenses

(Reuters) - Twitter Inc said on Thursday it could turn its first ever profit in the fourth quarter, after making sweeping cuts in expenses the past few months and finding sources of revenue beyond the advertising that dominates social media. FILE PHOTO: The Twitter logo is displayed on a screen on t...

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Viacom looks to U.S. mobile deals as young viewers flee TV

NEW YORK (Reuters) - Viacom Inc is trying a new tactic in its multi-front effort to win back younger U.S. viewers ditching expensive cable TV packages: seeking deals directly with mobile phone networks. FILE PHOTO: A woman exits the Viacom Inc. headquarters in New York April 30, 2013. REUTERS/Lucas ...

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Chipmaker Nvidia's CEO sees fully autonomous cars within 4 years

TAIPEI (Reuters) - Nvidia Corp chief executive Jensen Huang said on Thursday artificial intelligence would enable fully automated cars within 4 years, but sought to tamp down expectations for a surge in demand for its chips from cryptocurrency miners. FILE PHOTO: Nvidia co-founder and CEO Jensen Hua...

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SAP overhauls sales practices as it faces U.S. probe on South Africa

LONDON (Reuters) - Global business planning software giant SAP (SAPG.DE) is making sweeping changes to its sales practices in countries around the world, the German company said, as it revealed it is the subject of a U.S. corruption probe tied to its South Africa business. FILE PHOTO: SAP headquarte...

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SAP revises sales practices as it faces U.S. probe on South Africa

LONDON (Reuters) - Global business planning software giant SAP (SAPG.DE) is making sweeping changes to its sales practices in countries around the world, the German company said as it revealed it is the subject of a U.S. corruption probe tied to its business dealings in South Africa. FILE PHOTO: SAP...

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