Apple Inc Chief Executive Tim Cook on Tuesday said that the desire to keep Mac Pro computer production in United States was behind the company's recent request for tariff exclusions.
Apple forecasts strong revenue even as iPhones drop to under half of sales
Apple Inc iPhone sales dropped to less than half of quarterly revenue for the first time in seven years, but CEO Tim Cook on Tuesday described the change as successfully diversifying away from a single product and forecast results above Wall Street targets.
Capital One customer data breach rattles investors
Capital One Financial Corp's assurances that a major data breach would have a limited impact on customers or profit failed to convince investors on Tuesday, with the bank's shares closing down 5.9%.
U.S. Congress seeks to jump start stalled self-driving car bill
Two key committees in the U.S. Congress on Tuesday said they are reviving efforts to pass long-stalled legislation to speed the adoption of self-driving cars.
Akamai raises forecast on cloud security, content delivery demand
Akamai Technologies Inc beat Wall Street's estimates for second-quarter results and raised full-year forecast on Tuesday, boosted by strong demand for its cloud security services and growth in its traditional business of speeding up media content delivery through the web.
Apple revenue forecast tops expectations, iPhone business stabilizes
Apple Inc's quarterly profit and revenue beat Wall Street targets on Tuesday and its forecast for fourth-quarter sales topped expectations as well, with Chief Executive Tim Cook telling Reuters that "marked improvement in greater China" drove the results.
Oh Snap: U.S. senator proposes bill to ban Snapchat 'Snapstreaks'
A bill introduced by a U.S. senator on Tuesday aims to curb overuse of social media by banning Snapchat's Snapstreak feature, which encourages users to send photos on the app at least once every 24 hours.
Akamai beats revenue estimates as cloud security demand surges
Akamai Technologies Inc beat analysts' estimates for second-quarter revenue on Tuesday, boosted by strong demand for its cloud security services and growth in its traditional business of speeding up media content delivery through the web.
U.S. could decide on licenses for companies to sell to Huawei by next week - Ross
The Trump administration could respond by next week to companies that have requested special licenses to sell to Chinese telecoms giant Huawei Technologies Co Ltd, U.S. Commerce Secretary Wilbur Ross said on Tuesday during a visit to Brazil.
Amazon, Walmart, Ikea targeted in University of California light bulb lawsuits
Five major retailers, including Amazon.com Inc and Walmart Inc , were sued on Tuesday by the University of California over what it called the "existential threat" when foreign manufacturers infringe schools' patents.
U.S. could have decision on companies selling to Huawei by next week
The Trump administration could by next week issue decisions to companies that have requested special licenses to sell to Chinese telecoms giant Huawei, U.S. Commerce Secretary Wilbur Ross said on Tuesday during a visit to Brazil.
Amazon, Walmart, Ikea targeted in Univ. of California light bulb lawsuits
Five major retailers, including Amazon.com Inc and Walmart Inc, were sued on Tuesday by the University of California over what it called the "existential threat" when foreign manufacturers infringe schools' patents.
Oh Snap: Senator proposes bill to ban Snapchat 'Snapstreaks'
A bill introduced by a Republican U.S. senator on Tuesday aims to curb overuse of social media use by banning Snapchat's Snapstreak feature, among elements on other social media networks.
Major retailers targeted by University of California in lawsuits
Five major retailers, including Amazon.com Inc and Walmart Inc, were targeted in lawsuits filed on Tuesday by the University of California over what it called the "existential threat" posed by foreign manufacturers that infringe schools' patents.
Morocco's BMCE Bank looks to build on China ties to deliver $11 billion tech city
BMCE Bank is looking to build on its ties with China to help finance and develop a new industrial city in the north of Morocco, its president and chief executive told Reuters.
Saudi allows two firms to test computerized investment advice
Saudi Arabia's capital market regulator on Tuesday approved two companies to test using robo-advisory services, or computer-generated advice for investors, as part of moves by the Arab world's biggest economy to encourage the use of financial technology.
Capital One is sued over data breach in proposed class action
Capital One Financial Corp was sued on Tuesday after the bank said a hacker who has since been arrested accessed personal information belonging to about 106 million people in the United States and Canada.
Capital One shares drop on questions over hack
Capital One Financial Corp shares fell as much as 5.8% on Tuesday as investors worried about its management of customer data after the credit-card issuer said information for 106 million people had been compromised.
Synamedia sees pay TV driving growth for three-four years before IPO
Pay-TV software maker Synamedia, supplier to Comcast's Sky and AT&T's Direct TV, believes the pay-TV market will continue to grow despite the rise of streaming services such as Netflix and Amazon Prime Video.
New York attorney general to probe Capital One data breach
New York's attorney general on Tuesday said her office will begin an immediate investigation into Capital One Financial Corp's data breach, which the bank said involved the access of personal information belonging to about 100 million people in the United States.
GrubHub profit misses on higher spending to fend off competition
GrubHub Inc's quarterly profit missed analyst estimates on Tuesday, hit by soaring costs as the online food delivery company faces off against rivals Uber Eats and DoorDash, sending its stock down 6.6%.
Capital One Data Theft Impacts 106M People
Federal prosecutors this week charged a Seattle woman with stealing data from more than 100 million credit applications made with Capital One Financial Corp. Incredibly, much of this breached played out publicly over several months on social media and other open online platforms. What follows is a c...
Amazon says cloud unit AWS not compromised in Capital One hack
Amazon.com Inc said on Tuesday its cloud unit was not compromised in any way by a former employee who hacked into Capital One Financial Corp and obtained personal information including names and addresses of about 100 million individuals.
Czech telecom hopeful wants more spectrum available in 5G auction
Czech Republic-based Nordic Telecom, aiming to become the country's fourth mobile operator, wants an upcoming auction of new-generation 5G frequencies to offer a greater proportion of spectrum for potential newcomers.
GrubHub reports slump in quarterly profit as costs rise
GrubHub Inc reported a slump in quarterly profit on Tuesday, hurt by soaring costs as the online food delivery company faces off against rivals Uber Eats and DoorDash, sending its stock down 6% in trading before the bell.
Russia to rework draft law on limiting foreign ownership in top IT firms: IFX
Russia will rework a draft law on limiting foreign ownership in major IT companies to take into account the opinions of market players including Yandex, Interfax said on Tuesday, citing the lawmaker who drew up the proposal, Anton Gorelkin.
Blockchain launches cryptocurrency exchange with trades at high speed
Blockchain, one of the world's largest digital currency wallet companies, announced on Tuesday the launch of a cryptocurrency exchange called The PIT that aims to execute trades in microseconds for retail and institutional investors.
Huawei warns on U.S. ban after China smartphone sales drive first-half revenue
Chinese tech giant Huawei Technologies warned on Tuesday a U.S. trade blacklisting will impact short-term revenue growth, even as its half-year revenue surged 23% thanks to soaring smartphone sales at home.
Israeli work management firm monday.com raises $150 million
Israel's monday.com, a work management platform, said on Tuesday it raised $150 million in a late-stage financing round, bringing total funding to $234.1 million.
Taiwan joins Asia digital banking push with three new online licenses
Taiwan issued its first virtual banking licenses to three consortiums led by Taiwan and Japanese investors, its financial authorities said on Tuesday, following moves by regulators in other Asian markets to issue such licenses.