Fitbit posts smaller-than-expected loss, shares rise

(Reuters) - Fitbit Inc reported a smaller-than-expected quarterly loss as the maker of wearable devices reined in costs, sending its shares up 7.6 percent in after-market trading on Wednesday.

Dubai firm looks to raise $500 million via digital tokens for new payments system

NEW YORK (Reuters) - OneGram, a Dubai technology firm, has launched the first-ever digital currency backed by gold in an initial offering expected to raise more than $500 million in capital, company chief executive officer Ibrahim Mohammed told Reuters in an interview late on Tuesday.

Facebook profit surges 76.6 percent as ad sales jump

(Reuters) - Facebook Inc reported a 76.6 percent surge in quarterly profit on Wednesday, fueled by robust growth in its mobile ad business.

Tesla's revenue more than doubles, helped by record deliveries

(Reuters) - Electric-car maker Tesla Inc reported quarterly revenue that more than doubled and also trumped analysts' expectations, driven by record deliveries of its Model X sports utility vehicles and Model S sedans.

Google Docs warns customers about spam with malicious links

(Reuters) - Alphabet Inc said on Wednesday it was investigating widespread reports about a spam campaign in which recipients received emails from known contacts that asked them to click on a link to review a Google Docs document.

Germany sees rise in cybercrime, but reporting rates still low

BERLIN (Reuters) - Cybercrime is expanding at a rapid rate in Germany, one of the most digitally advanced countries in the world, but the vast majority of attacks against individuals and companies are not reported, government and industry executives said on Wednesday.

Nokia plans to sell its undersea cables division: sources

PARIS (Reuters) - Finland's Nokia seeks to sell its undersea cables unit, a business that underpins the global Internet and is used by France's surveillance apparatus, two union sources and one French government source told Reuters.

Sabre hires Mandiant to probe breach in hotel reservation system

(Reuters) - Sabre Corp said on Tuesday there had been a breach in its hospitality unit's hotel reservation system and had hired FireEye Inc's Mandiant forensics division to probe the incident.

Facebook to add 3,000 workers to fight streaming of live violence

SAN FRANCISCO (Reuters) - Facebook Inc will add 3,000 people over the next year to monitor reports of inappropriate material on the social media network and removing videos such as murders and suicides, Chief Executive Officer Mark Zuckerberg said on Wednesday.

Kings and dragons drive Apple in China, even as iPhone sales stall

BEIJING (Reuters) - Apple Inc has a new China growth driver: animated dragons and warring royals.

Mobileye sees income from maps before self-driving cars launch

TEL AVIV (Reuters) - Mobileye's mapping program for self-driving cars will start making money long before fully autonomous vehicles hit the roads, its chairman told Reuters, as carmakers can use the technology for a variety of semi-autonomous driving features.

Uber in U.S. court reckoning on possible shutdown of self-driving program

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] goes before a U.S. judge on Wednesday to fight for the right to continue work on its self-driving car program, the latest phase in a courtroom battle over trade secrets that threatens to topple a central pillar of Uber's growth strategy.

Weak iPhone sales hit shares of Europe's Apple suppliers

LONDON (Reuters) - Shares of European suppliers of microchips, sensors and circuitry to Apple fell on Wednesday after the smartphone company's much-awaited iPhone sales missed expectations in the second quarter.

Italy tax chief says close to deal with Google over tax dispute: paper

MILAN (Reuters) - Italy and Alphabet Inc's Google are close to reaching a deal to settle a tax dispute, the head of the Italian tax authority Rossella Orlandi told Italian newspaper La Repubblica.

Peugeot gears up with nuTonomy for self-driving car test

FRANKFURT (Reuters) - French carmaker Peugeot is partnering with Boston, Massachusetts-based tech firm nuTonomy to test self-driving cars in Singapore.

Google success in U.S. schools forces Microsoft, Apple to scramble

SAN FRANCISCO (Reuters) - Microsoft Corp's announcement of a suite of new education products on Tuesday shows the company's determination to reverse a major shift that has taken place in U.S. classrooms in recent years: for most educators and school districts, Google's Chromebook is now the computer...

Continue reading

NSA collected Americans' phone records despite law change: report

WASHINGTON (Reuters) - The U.S. National Security Agency collected more than 151 million records of Americans' phone calls last year, even after Congress limited its ability to collect bulk phone records, according to an annual report issued on Tuesday by the top U.S. intelligence officer.

Apple posts surprise dip in iPhone sales, shares fall

(Reuters) - Apple Inc reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company's most important product later this year.

Twilio forecasts larger-than-expected loss, shares slump

(Reuters) - Cloud-based communication software maker Twilio Inc forecast a larger-than-expected adjusted loss for the full year, sending its shares down 30 percent in after-market trading.

Cyber security firm FireEye reports surprise rise in revenue

(Reuters) - Cyber security firm FireEye Inc reported a surprise 3.4 percent rise in quarterly revenue, helped by strength in its product subscription and services business.

Akamai posts 7.3 percent rise in quarterly revenue

(Reuters) - Akamai Technologies Inc, which helps speed up content delivery over the internet, reported a 7.3 percent rise in quarterly revenue as the company benefited from demand for its cloud security services.

Breach at Sabre Corp.’s Hospitality Unit

Breaches involving major players in the hospitality industry continue to pile up. Today, travel industry giant Sabre Corp. disclosed what could be a significant breach of payment and customer data tied to bookings processed through a reservations system that serves more than 32,000 hotels and o...

Continue reading

Breach at Sabre Corp.’s Hospitality Unit

Breaches involving major players in the hospitality industry continue to pile up. Today, travel industry giant Sabre Corp. disclosed what could be a significant breach of payment and customer data tied to bookings processed through a reservations system that serves more than 32,000 hotels and o...

Continue reading

Microsoft unveils Windows 10 S for its Surface laptops

(Reuters) - Microsoft Corp on Tuesday unveiled Windows 10 S, a streamlined version of its popular operating system, geared toward low-cost laptops for students, as it tries to take share from Google's Chrome OS-run computers.

Wall St. eyes Apple and Facebook to fuel new leg of tech rally

SAN FRANCISCO (Reuters) - Apple and Facebook may expand their already outsized share of U.S. technology revenue when they report their earnings this week, as investors look for evidence to justify this year's U.S. stock market rally.

Privacy group sues NYPD for release of facial-recognition documents

WASHINGTON (Reuters) - A privacy group sued the New York Police Department on Tuesday to demand the release of documents related to its use of facial-recognition technology, which rights groups have criticized as discriminatory and lacking in proper oversight.

Despite record highs, fund managers globally remain underweight Apple

FILE PHOTO: An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, U.S., December 5, 2016. REUTERS/Brendan McDermid

Tesla executives listed as officers at materials recycling firm

(Reuters) - Two top Tesla Inc executives were listed as officers at a materials recycling company, Redwood Materials Inc, indicating possible ties between the companies.

T-Mobile to roll out 5G in U.S. in 2019

(Reuters) - T-Mobile US Inc, the No.3 U.S. wireless carrier, said on Tuesday it plans to roll out fifth-generation network (5G) in the United States in 2019.

New BC Partners-backed company to focus on data centers, cybersecurity

SAN FRANCISCO(Reuters) - Private equity firm BC Partners said it would turn the data center portfolio it acquired from CenturyLink for $2.8 billion on Tuesday into a new technology company called Cyxtera Technologies.