(Reuters) - IBM shares surged 5 percent on Wednesday after the world’s first big computing company beat expectations on third-quarter revenue and gave an outlook that hinted it was back on a growth track after six years in retreat. There was no initial sign of changes to major brokerage tradin...

BRUSSELS (Reuters) - A year-old pact underpinning billions of dollars of transatlantic data transfers won a green light from the European Union on Wednesday after a first review to ensure Washington protects Europeans’ data stored on U.S. servers. The EU-U.S. Privacy Shield was agreed last yea...

LOS ANGELES/NEW YORK (Reuters) - Most U.S. shoppers are fiercely loyal to local food stores, calling them better than online options, according to a new Reuters/Ipsos poll that raises questions about how much Amazon.com’s $13.7 billion purchase of Whole Foods will shake up the supermarket busi...

TAIPEI (Reuters) - Taiwan’s economics ministry said it is “deeply concerned” about the antitrust agency imposing a $775 million fine on Qualcomm Inc (QCOM.O), in a rare public display of disagreement between authorities. Taiwan’s Fair Trade Commission (FTC) fined Qualcomm las...

BEIJING (Reuters) - China’s electric vehicle (EV) production could touch 1 million units next year and 3 million units by 2020, said Xu Heyi, chairman of carmaker BAIC Group, on Wednesday, likely exceeding a government set target. China is aiming to produce 2 million EVs a year by 2020 and 7 m...

BRUSSELS (Reuters) - A year-old pact underpinning billions of dollars of transatlantic data transfers will get the green light from the European Union on Wednesday after the first review to ensure Washington protects Europeans’ data stored on U.S. servers. The EU-U.S. Privacy Shield was agreed...

(Reuters) - JPMorgan Chase & Co said on Tuesday it would acquire online payment provider WePay as the bank looks to integrate payments into software used by small businesses. WePay’s technology, popular among small businesses, helps online software service providers like FreshBooks and cro...

WASHINGTON (Reuters) - A U.S. senator on Tuesday asked the Defense Department to explain how it manages the risks when it uses software that has been scrutinized by foreign governments, saying the practice may represent a national security threat. Reuters reported earlier this month that Hewlett Pac...

(Reuters) - International Business Machines Corp’s (IBM.N) shift to newer businesses such as cloud and security services helped it beat analysts’ quarterly revenue estimates, and the technology major hinted at sales growth after nearly six years of declines. Shares of the Dow component r...

LONDON (Reuters) - A UK parliamentary report has criticized Amazon and eBay for not doing enough to prevent tax fraud on their online market places and recommended the government hold the online giants accountable for tax lost to evaders. In April the National Audit Office said Britain was losing up...

(Reuters) - YouTube virtual reality video series “The Confessional” debuted on Tuesday, featuring comedians Trevor Noah, Judd Apatow and Howie Mandel, as parent company Google races Facebook Inc to attract viewers to the new medium. Google, a unit of Alphabet Inc , has boosted funding fo...

WASHINGTON (Reuters) - Verizon Communications Inc (VZ.N) will pay $17.7 million to resolve a Federal Communications Commission and Justice Department investigation into potential violations of competitive bidding rules for a government program that helps bring broadband service to schools and librar...

(Reuters) - International Business Machines Corp (IBM.N) handily beat analysts’ quarterly revenue estimates on Tuesday as the technology company’s shift to cloud and security services gains traction. Shares of the company rose 3 percent to $151 in extended trading. They had dropped nearl...

(Reuters) - International Business Machines Corp’s (IBM.N) quarterly revenue slipped again as weak demand in the company’s technology services business outweighed growth in its strategic areas that include cloud and security services. The company’s net income fell to $2.73 billion,...

(Reuters) - Snap Inc (SNAP.N), parent company of messaging and video app Snapchat, and NBCUniversal (CMCSA.O) launched a joint venture studio on Tuesday to produce scripted shows and other genres to air on Snapchat. The two companies have already produced at least three shows for Snapchat in an effo...

(Reuters) - Regina Dugan, the head of Facebook Inc’s secretive hardware unit, will step down early next year, she said on Tuesday. “I will be leaving Facebook to focus on building and leading a new endeavor,” Dugan wrote on Facebook. Earlier this year, Facebook provided a peek into...

(Reuters) - Microsoft Corp’s secret internal database for tracking bugs in its own software was broken into by a highly sophisticated hacking group more than four years ago, according to five former employees, in only the second known breach of such a corporate database. The company did not di...

CHICAGO (Reuters) - U.S. online retail sales will surpass $1 trillion by 2027 compared with $445 billion this year, according to a forecast by business advisory firm FTI Consulting Inc, as more Americans move away from brick-and-mortar stores. Online sales will grow at a compound annual rate of 12 p...

(Reuters) - Alphabet’s Google Inc said on Tuesday that it would roll out an advanced protection program in order to provide stronger security for some users such as government officials and journalists who are at a higher risk of being targeted by hackers. The internet giant said that users of...

SAN FRANCISCO/MEXICO CITY (Reuters) - Amazon, Facebook and other U.S. tech companies are expanding operations south of the border as Mexico works to capitalize on the Trump administration’s anti-immigration stance. Since the beginning of the year, Amazon.com Inc (AMZN.O) has opened a new engin...