U.S. attorney general, state officials discuss big tech firms' effect on competition

Eight state attorneys general met with U.S. Attorney General William Barr on Thursday to discuss the effect of big tech companies on competition, and various antitrust actions are being reviewed, the Texas attorney general's office said in a statement.

Amazon's push for one-day delivery dents profits, costs up 21%

Amazon.com Inc on Thursday reported its first profit miss in two years and said income would slump in the current quarter, as the online retailer ramps up spending on one-day delivery to spark sales growth.

Intel eases chip demand concerns with raised forecast, shares gain

Intel Corp forecast current-quarter profit and revenue above estimates and raised its full-year revenue forecast on Thursday, allaying concerns about a global semiconductor sales slowdown and curbs on U.S. sales to Huawei Technologies.

Alphabet second-quarter revenue beats estimates; shares soar

Alphabet Inc reported quarterly revenue and earnings that beat expectations on Thursday, easing concerns about the short-term growth challenges facing Google, YouTube and the company's other advertising businesses even as it faces antitrust investigations.

Apple pays $1 billion for Intel unit in push for chip independence

Apple Inc took a major step toward supplying its own smartphone chips by purchasing the majority of Intel Corp's modem business in a deal valued at $1 billion, the companies said on Thursday.

U.S. attorney general, eight state AGs meet over big tech 'stifling competition': statement

Eight state attorneys general met on Thursday with U.S. Attorney General William Barr to discuss concerns about big tech companies, according to a statement from the Texas attorney general's office.

Amazon's push for faster delivery dents profits, costs up 21%

Amazon.com Inc on Thursday reported a profit below Wall Street's expectations and said income would slump slightly in the current quarter, as the online retailer ramps up spending to deliver goods faster and spark sales growth.

T-Mobile beats estimates for phone subscribers

T-Mobile US Inc on Thursday beat analysts' estimates for second-quarter net new phone subscribers who pay a monthly bill, boosted by the U.S. mobile carrier's competitive wireless plans aimed at fending off its bigger rivals.

T-Mobile reschedules analyst call without giving reason

T-Mobile US Inc has rescheduled a call with analysts that was to be held on Thursday following its earnings release, the company said on its website.

Eight state AGs meet with U.S. attorney general to discuss tech giants: Texas AG office

Eight state attorneys general met on Thursday with U.S. Attorney General William Barr to discuss concerns about big tech companies, according to a statement from the Texas attorney general's office.

Eight state AGs meet with U.S. attorney general to discuss tech giants - Texas AG office

Eight state attorneys general met on Thursday with U.S. Attorney General William Barr to discuss concerns about big tech companies, according to a statement from the Texas attorney general's office.

Five things to look for in Twitter's results

Twitter Inc will have a chance to detail its plans to grow users and ad dollars on Friday when it releases its second-quarter earnings before the market opens.

The Unsexy Threat to Election Security

Much has been written about the need to further secure our elections, from ensuring the integrity of voting machines to combating fake news. But according to a report quietly issued by a California grand jury this week, more attention needs to be paid to securing social media and email accounts used...

Continue reading

Tesla shares, bonds under pressure as Musk changes tune on profit

Shares of Tesla Inc sank 14% on Thursday and its bonds traded lower, a day after the electric carmaker said it needed more time to turn a profit, reported lower margins and announced the departure of a key executive.

Study shows cute kids are YouTube clickbait; child advocates concerned

YouTube videos featuring young children drew nearly triple the average viewership of other content, according to research released on Thursday that provided ammunition for child advocates who want Alphabet Inc to take more aggressive steps to make its streaming service safer for kids.

Britain's O2 to launch 5G mobile network in October

Britain's O2 mobile phone network, owned by Spain's Telefonica, said on Thursday it would launch next generation 5G services in October, and will be live in 20 towns and cities by the end of the year and in 50 by next summer.

Tesla shares sink as Musk changes tune on profit

Shares of Tesla Inc sank 11 percent on Thursday, on course to knock more than $5 billion off the electric carmaker's market value, a day after it disappointed Wall Street by softening its language on turning a profit this year.

Sberbank, Mail.ru to set up Yandex.Taxi rival as Russia's internet booms

Russia's Sberbank and internet firm Mail.ru said on Thursday they would invest up to 64 billion roubles ($1 billion) in a new joint platform for taxi services and food, as online sales in the country gather pace.

Electronics maker Flex 'seized' $100 million of Huawei goods in China: Global Times

Electronics manufacturer Flex held up goods worth some 700 million yuan ($101.85 million) of its Chinese client Huawei Technologies for more than a month after Washington put Huawei on a trade blacklist, China's Global Times reported on Thursday.

Johannesburg power body hit by ransomware attack

City Power, responsible for powering South Africa's financial capital Johannesburg, said on Thursday it had been hit by a ransomware virus that had encrypted all of its databases, applications and network.

Russia's Sberbank and Mail.ru to form JV in taxis, food

Russia's Sberbank and internet firm Mail.ru said on Thursday they had signed a letter of intent to launch a joint platform in taxi services and food to create a "last mile" delivery player.

Facebook removes fake accounts from Thailand, Russia, Ukraine, Honduras

Facebook Inc said on Thursday it had erased over 1,800 accounts and pages from Thailand, Russia, Ukraine and Honduras, its latest move to counter deceptive political propaganda and other abuses of its service.

Warren Buffett charity lunch in limbo after crypto promoter issues apology

Chinese cryptocurrency entrepreneur Justin Sun issued a lengthy public apology on Thursday for the manner in which he promoted his $4.57 million charity lunch with Warren Buffett, raising questions over whether the event will go ahead.

Russia's Sberbank and Mail.ru to form JV in transportation, food

Russia's Sberbank and internet firm Mail.ru said on Thursday they signed a letter of intent to launch a joint platform in transportation and food to create a "last mile" delivery player.

STMicro lowers full-year sales guidance as chip market remains volatile

Franco-Italian chipmaker STMicroelectronics lowered its full-year sales guidance on Thursday in spite of improved activity in the second-quarter, signaling how the sector remains volatile given trade tensions between the United States and China.

Toyota to invest $600 million in China's Didi, new JV to develop mobility services

Toyota Motor Corp said on Thursday it will invest $600 million in Chinese ride-hailing giant Didi Chuxing as well as a new joint venture as the companies seek to develop connected and electric vehicle technologies in China.

Nokia beats forecasts as 5G sales start to kick in

Finnish telecom network equipment maker Nokia posted a surprise jump in second-quarter profit on Thursday and stuck to its 2019 earnings outlook as demand for next-generation 5G equipment boosted results.

LG Chem plans to invest $424 million for battery material plant in South Korea

South Korean battery maker LG Chem Ltd said on Thursday it had agreed to invest 500 billion won ($424.03 million) to build a factory in South Korea to produce cathode material for lithium-ion batteries.

Orange sees signs of improvement in France's telecoms market

Orange signaled the start of an easing in the fierce competition in France's telecoms market, after posting slightly better-than-expected second-quarter results on Thursday.

Facebook removes accounts from Russia, Ukraine, Thailand, Honduras

Facebook Inc said on Thursday it had removed accounts from Russia, Ukraine, Thailand, Honduras, in its latest move against "coordinated inauthentic behavior."