Cisco Systems Inc forecast current-quarter profit below Wall Street estimates on Wednesday as it struggles to transition to a software-focused company from its traditional business of selling routers and switches, sending shares down 7% in extended trading.
Cisco forecasts first-quarter profit below estimates
Cisco Systems Inc forecast current-quarter profit below Wall Street estimates on Wednesday, because of soft demand for its newer businesses such as software and cyber security, sending shares down 7% in extended trading.
Drillisch, United Internet, trim guidance as 5G challenge looms
German telecoms firm 1&1 Drillisch and its parent company United Internet slightly trimmed their profit guidance on Wednesday to account for regulatory effects and the initial costs of a planned 5G network.
Irish regulator queries Facebook on transcription of users' audio
The lead regulator of Facebook in the European Union is seeking information on how the company handled data during the manual transcription of users' audio recordings, Ireland's Data Protection Commission said on Wednesday.
Sierra Nevada chooses ULA's Vulcan to launch space station supply runs
Sierra Nevada Corp, a privately owned defense contractor with spaceflight ambitions, said on Wednesday it picked United Launch Alliance's Vulcan rocket to launch its Dream Chaser space plane on cargo missions to the International Space Station.
Trade tensions and a weaker yuan drive Chinese crypto demand, market players say
Trade tensions between the United States and China and a weakening yuan are boosting demand for cryptocurrencies among Chinese investors, market players from Asia to New York said.
FCC chairman circulates order to approve Sprint, T-Mobile tie-up
Federal Communications Commission Chairman Ajit Pai on Wednesday circulated a draft order that would grant approval to the $26 billion tie-up of T-Mobile Us Inc and Sprint Corp.
Barclays ends partnership with cryptocurrency exchange Coinbase: sources
Barclays is no longer providing banking services to major cryptocurrency exchange Coinbase, sources familiar with the matter told Reuters, ending a relationship that started in March last year as the exchange expanded in Europe.
China's Tencent cautious after surge in quarterly profit
China's Tencent Holdings , the world's largest gaming company by revenue, warned on Wednesday of a difficult economic environment even as it reported a better-than-expected 35% jump in quarterly profit.
China's Meituan Dianping to join maps service battle
Meituan Dianping, a Chinese online food delivery-to-ticketing firm, has started building a mapping service, aiming to enter an area currently dominated by Alibaba's AutoNavi and Baidu Maps.
Irish regulator queries Facebook on transcription of users' audio
Ireland's data regulator is seeking information from Facebook over the handling of data during the manual transcription of users' audio recordings.
Meet Bluetana, the Scourge of Pump Skimmers
“Bluetana,” a new mobile app that looks for Bluetooth-based payment card skimmers hidden inside gas pumps, is helping police and state employees more rapidly and accurately locate compromised fuel stations across the nation, a study released this week suggests. Data collected in the cour...
Russia's Mail.Ru eyes pre-installing software on Huawei devices
Russian internet group Mail.Ru is in talks with China's Huawei about the possibility of having its software pre-installed on the Chinese tech giant's devices, Mail.Ru told Reuters.
Japanese researchers build robotic tail to keep elderly upright
Millions of years after the ancestors of humans evolved to lose their tails, a research team at Japan’s Keio University have built a robotic one they say could help unsteady elderly people keep their balance.
Barclays no longer banking Cryptocurrency exchange Coinbase: sources
Barclays is no longer providing banking services to cryptocurrency exchange Coinbase, sources familiar with the matter told Reuters, ending a relationship that started in March last year as the exchange expanded in Europe.
Avast upgrades forecast as users protect online privacy
Cybersecurity company Avast said demand for products that protected users' privacy, such as VPN and AntiTrack, would drive revenue growth for the year to the upper end of its high, single-digit percentage range after a 9% rise in the first half.
Avast sees strong year after beating first-half forecast
Cybersecurity company Avast said revenue growth for the year would be at the upper end of its high, single digit percentage range after a strong first half, driven by demand for products like VPN and AntiTrack that help secure users' privacy.
U.S. aviation regulator bans select MacBook Pro laptops from flights
U.S. Federal Aviation Administration (FAA) has banned certain models of Apple Inc's MacBook Pro laptops on flights, after the company recalled select units which had batteries posing fire risks.
Patch Tuesday, August 2019 Edition
Most Microsoft Windows (ab)users probably welcome the monthly ritual of applying security updates about as much as they look forward to going to the dentist: It always seems like you were there just yesterday, and you never quite know how it’s all going to turn out. Fortunately, this month&rsq...
Google, Facebook, Amazon to testify in U.S. against French digital tax
Alphabet Inc's Google unit, Facebook Inc and Amazon.com Inc are among the companies that will testify Monday at a U.S. government hearing on the French government's digital services tax.
U.S. FTC chief says regulator is prepared to break up big tech firms: Bloomberg
The U.S. Federal Trade Commission is prepared to break up major technology companies if necessary by undoing past mergers, Chairman Joe Simons said in an interview with Bloomberg published on Tuesday, as the regulator probes anti-competitive practices in the sector.
U.S. FTC chief says prepared to break up big tech firms: Bloomberg
U.S. Federal Trade Commission is prepared to break up major technology platforms if necessary by undoing their past mergers, Chairman Joe Simons said on Tuesday in an interview to Bloomberg, as the agency anti-competitive practices in the sector.
Facebook paid contractors to transcribe users' audio: Bloomberg
Facebook Inc has been paying outside contractors to transcribe audio clips from users of its services, Bloomberg reported on Tuesday, citing people familiar with the matter.
Snap, in augmented reality push, launches new Spectacles version
Snap Inc said Tuesday it will launch a new version of its Spectacles sunglasses that will have the capability of capturing photos and videos and uploading them directly to its unit Snapchat.
Shanghai fines Didi, Meituan for using unlicensed vehicles
Shanghai authorities have fined ride-hailing service providers Didi Chuxing and Meituan Dianping for using unlicensed vehicles and warned their smartphone applications could be suspended if they continue to fail to meet standards.
Snap, in augmented reality push, launches new Spectacles
Snap Inc said Tuesday it will launch a new version of its Spectacles sunglasses, which will have the capability of capturing photos and videos and uploading them directly to its unit Snapchat, as the technology company works to develop its augmented reality features.
Exclusive: Google's jobs search draws antitrust complaints from rivals
Google's fast-growing tool for searching job listings has been a boon for employers and job boards starving for candidates, but several rival job-finding services contend anti-competitive behavior has fueled its rise and cost them users and profits.
China's tech firms to post slower June-quarter growth on sagging demand
China's top technology, e-commerce and consumer electronic firms are set to report a sharp slowdown in revenue growth for the June quarter, as a bruising trade war with the United States weighed on the Chinese economy and hurt consumer spending.
European blockchain company Bitfury launches artificial intelligence unit
European blockchain company The Bitfury Group, valued recently at more than $1 billion, has launched its artificial intelligence (AI) division, the company's top official told Reuters in an interview.
SEC Investigating Data Leak at First American Financial Corp.
The U.S. Securities and Exchange Commission (SEC) is investigating a security failure on the Web site of real estate title insurance giant First American Financial Corp. that exposed more than 885 million personal and financial records tied to mortgage deals going back to 2003, KrebsOnSecurity has l...