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