(Reuters) - Though Apple Inc is selling enough iPhones to keep investors happy for now, the world's most valuable publicly traded company is set increasingly to rely on its apps and services to drive growth.
UAE's Pacific Controls in bank talks about 1.4 billion dirhams debt
DUBAI (Reuters) - Pacific Controls, a Dubai-based technology company, is in talks with banks about restructuring debts of 1.4 billion dirhams ($381 million), sources told Reuters, one of the largest firms to have to do so since the emirate's economy began to slow.
Twitter's video push seen unlikely to fast-forward revenue growth
(Reuters) - Video may have killed the radio star, but it could offer a lifeline to Twitter Inc .
Subscriber additions drive T-Mobile's revenue, profit beat
(Reuters) - T-Mobile US Inc reported better-than-expected quarterly revenue and profit as the No.3 U.S. wireless carrier added subscribers due to heavy discounts and promotions.
Comcast profit drops on film sales, beats Wall Street estimates
NEW YORK (Reuters) - Comcast Corp reported a 5 percent drop in quarterly profit on Wednesday, hurt by lower film division sales, but managed to beat Wall Street expectations due to growth in its business services and high-speed internet units.
Nintendo in wider-than-expected first-quarter loss, but hopes high for Pokemon GO
TOKYO (Reuters) - Japan's Nintendo Co Ltd booked an operating loss in the first quarter, hurt by unfavorable currency rates although hopes for long-term growth are running high on the worldwide success of Pokemon GO.
Japan's Line Corp swings to first-half net profit on ad revenue boost
TOKYO (Reuters) - Japan's Line Corp, reporting earnings for the first time since listing, on Wednesday said it swung to a profit in the first half of the year as advertising revenue soared.
ARM, soon to be bought by Softbank, posts second-quarter profit rise
LONDON (Reuters) - British chip designer ARM Holdings, which earlier this month agreed to be bought by Softbank Group Corp for $32 billion, reported a 5 percent rise in second quarter profit on Wednesday.
Apple CEO touts future technology amid iPhone worries
SAN FRANCISCO (Reuters) - As iPhone sales declined for the second straight quarter, Apple CEO Tim Cook peeled back the curtain ever so slightly on its work in artificial intelligence and augmented reality, aiming to reassure investors that the company is ready to ride the next wave of technology.
Australia's major banks team up to challenge Apple on mobile payments apps
SYDNEY (Reuters) - Australia's three biggest banks, including no. 1 lender National Australia Bank (NAB) , on Wednesday said they had lodged a joint application with anti-trust regulators seeking approval to collectively negotiate with Apple Inc to install their own electronic payments applications ...
LogMeIn to merge with Citrix's GoTo unit in all-stock deal
(Reuters) - LogMeIn Inc and a unit of Citrix Systems Inc that makes software products such as GoToMeeting said on Tuesday they are merging in an all-stock deal to create a $1.8 billion company focused on technology applications for the workplace.
LG Display says second-quarter profit down 91 percent versus year earlier
SEOUL (Reuters) - South Korea's LG Display Co Ltd said on Wednesday its second-quarter operating profit fell 91 percent from a year earlier, as weak demand for gadgets such as smartphones hurt panel prices, though the result was in line with expectations.
Tesla's Musk says master plan will require capital raise
SPARKS, Nevada (Reuters) - Tesla Motors Inc's "master plan" to broaden the electric vehicle maker's product line could cost "tens of billions" of dollars over time and would likely require a "modest capital raise", Chief Executive Elon Musk said on Tuesday.
LG Display says to invest $1.75 billion to boost OLED display production
SEOUL (Reuters) - South Korea's LG Display Co Ltd said on Wednesday it will invest 1.99 trillion won ($1.75 billion) to build a new small- to medium-sized organic light-emitting diode (OLED) display production line in South Korea.
Apple sells more iPhones than expected in third quarter
(Reuters) - Apple Inc sold more iPhones than Wall Street expected in the third quarter and forecast revenue in the current period would top many analysts' targets, soothing fears that demand for Apple's most important product had hit a wall.
Lithium Power CEO eyes quick growth in Chile
SANTIAGO (Reuters) - Lithium Power, the latest company keen to capitalize on Chile's vast reserves of key battery ingredient lithium, is planning to start drilling by September and ramp up to commercial sales by 2020, the chief executive told Reuters.
Twitter reports slowest quarterly revenue growth since IPO
(Reuters) - Twitter Inc reported its slowest growth in quarterly revenue since going public in 2013 as the company faces intensifying competition from fast-growing competitors such as Snapchat and Instagram.
Analog Devices in advance talks to buy Linear Technology: Bloomberg
(Reuters) - Analog Devices Inc is in advanced talks to buy fellow chipmaker Linear Technology Corp , Bloomberg reported, citing people familiar with the matter.
U.S. issues guidelines for responding to major cyber attacks
(Reuters) - The White House issued new instructions on Tuesday on how government agencies should respond to major cyber security attacks, attempting to combat perceptions the Obama administration has been sluggish in addressing threats from sophisticated hacking adversaries.
U.S. report says Tesla driver speeding in fatal Autopilot crash
WASHINGTON (Reuters) - A driver killed on May 7 in a crash in a Tesla using the car's Autopilot software was speeding, the U.S. National Transportation Safety Board said on Tuesday in its preliminary findings.
Amazon launches Prime loyalty program in India
(Reuters) - Amazon.com launched its popular Prime loyalty program in India on Tuesday, three years after its entry into the world's second-most populous country.
Kimpton Hotels Probes Card Breach Claims
Kimpton Hotels, a boutique hotel brand that includes 62 properties across the United States, said today it is investigating reports of a credit card breach at multiple locations. On July 22, KrebsOnSecurity reached out to San Francisco-based Kimpton after hearing from three different sources in the ...
Kimpton Hotels Probes Card Breach Claims
Kimpton Hotels, a boutique hotel brand that includes 62 properties across the United States, said today it is investigating reports of a credit card breach at multiple locations. On July 22, KrebsOnSecurity reached out to San Francisco-based Kimpton after hearing from three different sources in the ...
BlackBerry unveils second, cheaper, Android device
TORONTO (Reuters) - BlackBerry Ltd unveiled a new Android-based handset on Tuesday, creating a device that combines its popular software and app catalog with the company's security and productivity features.
Mobileye shares sink on news Tesla contract won't be extended
(Reuters) - Shares of Mobileye NV, an Israeli maker of driving-assistance chips and software, plummeted on Tuesday after the company said its contract with Tesla Motors Inc would not be renewed after its expiry.
Verizon reports bigger-than-expected fall in quarterly revenue
(Reuters) - Verizon Communications Inc reported a bigger-than-expected fall in quarterly revenue on Tuesday as the No. 1 U.S. wireless carrier took a charge related to a strike by its wireline workers and more customers opted for cheaper plans.
EU privacy watchdogs keep open mind on new U.S. data pact
BRUSSELS (Reuters) - European Union privacy watchdogs will let a new EU-U.S. commercial data pact underpinning billions of dollars of transatlantic trade run for at least a year without any legal challenge, they said on Tuesday.
India's Flipkart buys Rocket Internet-backed online fashion store for $70 million
MUMBAI (Reuters) - India's biggest e-commerce firm Flipkart is buying domestic online fashion retailer Jabong from Global Fashion Group for $70 million in cash, the latest consolidation move in the country's e-commerce sector as competition intensifies.
Porsche to create more than 1,400 jobs for electric car
STUTTGART, Germany (Reuters) - Porsche has raised the number of jobs it will create for the production of its first all-electric sports car to more than 1,400 from more than 1,000 previously, the manufacturer said on Tuesday.
Huawei's global smartphone shipments jump 25 percent in first half
Journalists attend the presentation of the Huawei's new smartphone in Paris, May 7, 2014. Reuters/Philippe Wojazer/File Photo China's Huawei Technologies Co Ltd [HWT.UL], the world's third-largest smartphone vendor, said first-half global smartphone shipments jumped 25 percent, helped by rapid growt...