IBM shares head for biggest gain in eight years

(Reuters) - Shares in International Business Machines Inc (IBM.N) surged 9 percent on Wednesday after it beat expectations on revenue and gave an outlook that hinted one of the world’s first big computing names was back on a growth track after six years in retreat. There was no initial sign of...

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Twitter toughens guidelines on harassment: report

(Reuters) - Twitter has toughened its stance on online sexual harassment and abuse, laying out stronger penalties for misconduct on the social media platform in an email to its Trust and Safety Council published by Wired late on Tuesday. Reuters was not immediately able to confirm that the email pub...

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Apple and GE team up on software to track power plants, machinery

(Reuters) - Apple Inc and General Electric Co say they are working together to make it easier to write software that can track power plants and jet engines on Apple’s iPhones and iPads. The companies have come up with a tool for app developers to connect Apple’s iOS operating system more...

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Big Blue back on the attack, analysts cautious

(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...

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EU-U.S. data transfer pact passes first annual review

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...

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Online groceries are a hard sell, even to avid internet shoppers: poll

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...

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Taiwan ministry expresses 'deep concern' about Qualcomm's antitrust fine

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...

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China's electric car output to hit one million next year: BAIC chairman

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...

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EU-U.S. data transfer pact to pass first annual review

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...

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JPMorgan to buy online payment provider WePay

(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...

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U.S. senator probes Pentagon on Russian source code reviews

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...

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IBM beats revenue estimates; hints at sales growth

(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...

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UK lawmakers say Amazon, eBay not doing enough to combat VAT fraud

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...

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YouTube debuts comedy video series in virtual reality push

(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...

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Verizon to pay $17.7 million to resolve FCC, Justice probes

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...

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IBM's revenue beats estimates on cloud, security services

(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...

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IBM reports marginal dip in quarterly revenue

(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,...

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Snap and NBCUniversal launch studio to produce shows for Snapchat

(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...

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Head of Facebook's secretive hardware unit to step down

(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...

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Exclusive: Microsoft responded quietly after detecting secret database hack in 2013

(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...

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U.S. online retail sales likely to surpass $1 trillion by 2027: FTI

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...

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Google launches advanced Gmail security features for high-risk users

(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...

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Mexico tech industry benefits from U.S. anti-immigration stance

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...

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PayPal rolls out Venmo payments to its U.S. retailers

NEW YORK (Reuters) - PayPal Holdings Inc said more than two million U.S. retailers will be able to accept payments through its mobile app Venmo starting this week, seeking to broaden its reach with a brand that has been a hit with young people. Venmo, which has been part of PayPal since 2013, is one...

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Patently tough: Long road ahead for Qualcomm in China case against Apple

SHANGHAI/BEIJING (Reuters) - Qualcomm Inc (QCOM.O) wants to hit Apple Inc (AAPL.O) where it hurts most: iPhone sales in China - one of its biggest global markets where most of its flagship smartphones are made. The U.S. chipmaker’s legal gambit to ban sales and manufacturing of iPhones could c...

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Microsoft responded quietly after detecting secret database hack in 2013

(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...

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Netflix adds more subscribers than expected, shares hit record

(Reuters) - Netflix Inc added more subscribers than expected around the world in the third quarter and projected growth in line with Wall Street forecasts, saying it had a head start on rivals as internet television expands globally. Shares of the world’s leading online video streaming service...

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Facebook buys teen app tbh

(Reuters) - Facebook Inc (FB.O) has acquired tbh, an app popular among teens, as the world’s largest social network looks to attract more users. The app, an acronym for “To be Honest”, allows users to anonymously answer multiple choice questions about friends, who then receive the ...

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What You Should Know About the ‘KRACK’ WiFi Security Weakness

Researchers this week published information about a newfound, serious weakness in WPA2 — the security standard that protects all modern Wi-Fi networks. What follows is a short rundown on what exactly is at stake here, who’s most at-risk from this vulnerability, and what organizations and...

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What You Should Know About the ‘KRACK’ WiFi Security Weakness

Researchers this week published information about a newfound, serious weakness in WPA2 — the security standard that protects all modern Wi-Fi networks. What follows is a short rundown on what exactly is at stake here, who’s most at-risk from this vulnerability, and what organizations and...

Continue reading