Amazon revenue beats estimates as cloud sales surge

Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. Reuters/Mike Segar/File Photo Amazon.com Inc (AMZN.O) reported a better-than-expected rise in quarterly revenue, powered by blockbuster growth in its cloud services unit and an increase in subscri...

Continue reading

Expedia quarterly profit slides

The logo of global online travel brand Expedia is pictured at the International Tourism Trade Fair (ITB) in Berlin, Germany, March 9, 2016. Reuters/Fabrizio Bensch Expedia Inc (EXPE.O), the world's largest online travel services company, said quarterly net income fell 93 percent from a year earlier ...

Continue reading

Would You Use This ATM?

One basic tenet of computer security is this: If you can’t vouch for a networked thing’s physical security, you cannot also vouch for its cybersecurity. That’s because in most cases, networked things really aren’t designed to foil a skilled and determined attacker who ca...

Continue reading

Would You Use This ATM?

One basic tenet of computer security is this: If you can’t vouch for a networked thing’s physical security, you cannot also vouch for its cybersecurity. That’s because in most cases, networked things really aren’t designed to foil a skilled and determined attacker who ca...

Continue reading

Vivendi considers suing Mediaset for defamation: spokeswoman

French media giant Vivendi (VIV.PA) is considering suing Mediaset (MS.MI) for defamation after the Italian broadcaster denounced what it sees as an unacceptable u-turn on a deal regarding its pay-TV arm Premium. "Vivendi reserves the right to sue Mediaset for defamation," a Vivendi spokeswoman told ...

Continue reading

Tesla gets vote of confidence from a top investor at Fidelity

BOSTON (Reuters) - The manager of Fidelity's OTC Portfolio, a top investor in Tesla Motors Inc and SolarCity Corp, gave the electric automaker's strategies a vote of confidence in his most recent commentary to fund shareholders.

Mediaset to seek damages from Vivendi over pay-TV deal

MILAN (Reuters) - The board of Italian broadcaster Mediaset said on Thursday it rejected an alternative proposal by Vivendi for the sale of its pay-TV unit and would seek legal action against the French media group.

Record online orders boosts GrubHub revenue, shares soar

(Reuters) - GrubHub Inc's revenue increased more than expected in the second quarter as a record number of people used its service to order meals online, sending the company's shares surging to a new year-high.

Nestle says to collaborate with Samsung to explore nutrition science

ZURICH (Reuters) - Nestle said it is teaming up with Samsung in a research project to explore the potential of nutrition science and digital sensor technologies.

Mercedes rejects claims about 'misleading' self-driving car ads

FRANKFURT (Reuters) - Mercedes-Benz has defended an advertising campaign for its new E-Class against allegations that consumers were being misled about the car's self-driving capabilities, the latest backlash by consumer groups in the wake of a fatal Tesla accident.

Facebook shares hit record high as it beats estimates again

(Reuters) - Facebook Inc is growing so fast analysts can't keep up.

Toy-robot maker Wonder Workshop raises $20 million in second funding round

(Reuters) - Wonder Workshop Inc, which makes toy robots that teach kids how to code, said it raised $20 million in its second round of funding and was looking to expand into new markets, especially China.

America Movil says to reduce Telekom Austria stake

VIENNA (Reuters) - America Movil said on Thursday it would cut its stake in Telekom Austria by 7.8 percentage points to just over 50 percent as a deadline neared for it to reduce its holding and increase the Austrian firm's free float.

Oracle to buy NetSuite in $9.3 billion deal

(Reuters) - Oracle Corp said it would buy NetSuite Inc in a deal valued at about $9.3 billion to expand into the fast-growing cloud market.

China issues regulations for online ride-hailing services

BEIJING (Reuters) - China has issued the final version of a policy to regulate booming online-ride hailing services, according to a document made public on Thursday, for a sector in which Uber Technologies Inc [UBER.UL] and Chinese rival Didi Chuxing compete aggressively.

SoftBank first-quarter profit flat, profits at domestic telecoms business solid

TOKYO (Reuters) - SoftBank Group Corp reported a 0.2 percent increase in first-quarter operating profit as solid profits in its domestic telecommunications business offset losses at U.S. unit Sprint Corp .

South Korea to expand tax benefits for R&D spending to drive new growth

SEOUL (Reuters) - South Korea's government plans to expand tax benefits for research and development of robotics and other technologies as it seeks out industries that could become new economic growth engines.

New crop of robots to vie for space in the operating room

CHICAGO (Reuters) - Even though many doctors see need for improvement, surgical robots are poised for big gains in operating rooms around the world.

Bytes and barrels: the origins of oil traders' love of Yahoo

NEW YORK (Reuters) - For the oil industry, Yahoo Inc's decision this week to sell its core business to Verizon Communications Inc for $4.8 billion does not matter all that much. Their world already changed a few months ago, when the company said it would jettison its messaging system that has been t...

Continue reading

Brazil prosecutor freezes $11.7 million of Facebook funds due to WhatsApp case

SAO PAULO (Reuters) - The public federal prosecutor in the Brazilian state of Amazonas said on Wednesday the court there froze 38 million reais ($11.7 million) of funds held in Facebook Inc's account for failing to comply with a court order to supply data on users of the company's WhatsApp messaging...

Continue reading

Samsung Electronics says second-quarter profit up 18 percent versus year earlier

SEOUL (Reuters) - South Korean tech giant Samsung Electronics Co Ltd said on Thursday its second-quarter operating profit rose 18 percent from a year earlier to its best in more than two years, propelled by a pickup in smartphone earnings.

Nintendo's Mario eyes a Mickey Mouse merchandising makeover

TOKYO (Reuters) - Flush with the stunning popularity of the Pokemon GO mobile game, Nintendo aims to make more from marketing popular characters such as Super Mario, taking a leaf from the Walt Disney playbook where Mickey Mouse and friends bring in billions of merchandising dollars each year.

Disappointing earnings revive speculation on Twitter's future

SAN FRANCISCO (Reuters) - Twitter Inc disappointed investors yet again on Tuesday with second-quarter earnings that missed estimates and a lower-than-expected outlook, reviving chatter about a possible sale of the company and the future of Chief Executive Officer Jack Dorsey.

Facebook trumps estimates on blistering ad sales growth

(Reuters) - Facebook Inc's quarterly profit and revenue blew past Wall Street estimates as the company's hugely popular mobile app and a push into video attracted new advertisers and encouraged existing ones to spend more.

GoPro revenue plunges 47 percent, but beats estimates

(Reuters) - GoPro Inc's quarterly revenue plunged 47.4 percent, but beat analysts' estimates, which have been sharply lowered on shrinking demand for the company's body-mounted point-of-view cameras.

Fast growth, dating services come between Sofi and bank license: CEO

(Reuters) - Online lender Social Finance Inc is unlikely to seek a banking license because its fast growth and involvement in unorthodox activities like dating services would make it hard to win approval from regulators, according to its chief executive.

SFR plans to shed 5,000 jobs from 2017 to 2019: unions

PARIS (Reuters) - SFR Group, France's second-biggest telecoms operator, plans to shed 5,000 staff - a third of its workforce - between 2017 and 2019, two union representatives told Reuters on Wednesday.

YouTube star PewDiePie's firm rakes in $8 million profit

STOCKHOLM (Reuters) - YouTube video star PewDiePie's company made 70 million crowns ($8.1 million) profit in 2015, an annual report filed in Sweden showed, following controversy over payments for video game promotion.

Exclusive: Alibaba, eBay, CVC bid for Polish auction site Allegro - sources

WARSAW (Reuters) - Chinese e-commerce group Alibaba , U.S. online retailer eBay Inc , and private equity firm CVC Capital Partners are among the bidders for Eastern Europe's No.1 auction website Allegro from South Africa's Naspers , sources said.

IBM steps up efforts in fight against Zika

(Reuters) - International Business Machines Corp said on Wednesday it would provide its technology and resources to help track the spread of the Zika virus.