Amazon more than doubles profit but signals more spending ahead

Amazon.com Inc on Thursday trounced first-quarter profit estimates as demand for its cloud and ad services soared, but the company indicated that bigger spending was in store that might limit its windfall.

Intel cuts full-year revenue forecast, misses on data-center sales

Chipmaker Intel Corp cut its full-year revenue forecast on Thursday and missed analysts' estimates for first-quarter sales for its higher-margin data center business, sending its shares down 7 percent after hours.

New York investigating Facebook over 'unauthorized' email contact collection

New York Attorney General Letitia James said on Thursday she is investigating Facebook Inc’s unauthorized collection of up to 1.5 million Facebook users' email contact databases, the latest issue involving the privacy of the company's users.

Uber Technologies to unveil IPO terms on Friday: sources

Uber Technologies Inc will announce a price range on Friday for its initial public offering (IPO) of between $44 and $50 per share, raising between $8 billion and $9 billion, people familiar with the matter said on Thursday.

Facebook users care less about privacy than regulators

Facebook Inc is preparing for a record-setting fine from U.S. regulators over privacy issues, but Wall Street shrugged at the looming penalty after the company added users and trounced profit expectations for the first quarter.

T-Mobile profit jumps, beats estimates; subscriber additions cited

T-Mobile US Inc first-quarter revenue and profit jumped from a year earlier, beating Wall Street's estimates, the company said on Thursday, citing competitively priced wireless plans that enabled it to substantially boost the number of net new phone subscribers who pay a monthly bill.

Grubhub quarterly profit falls as costs swell

Grubhub Inc's first-quarter net income tumbled 78 percent after it ramped up spending to attract and retain restaurant partners and delivery customers.

T-Mobile beats phone subscriber estimates

T-Mobile US Inc on Thursday beat Wall Street's first-quarter estimates for net new phone subscribers who pay a monthly bill, aided by its competitively-priced wireless plans aimed at fending off its bigger rivals.

Amazon first-quarter sales beats estimates

Amazon.com Inc on Thursday topped first-quarter sales estimates as the world's biggest online retailer benefited from soaring demand for its cloud and advertising businesses and a surge in online shopping.

T Mobile, Sprint face new FCC questions on tie-up

T-Mobile US Inc and Sprint Corp executives this week urged senior U.S. regulators to approve the proposed tie-up, saying the combined company would have the incentive to slash prices, according to a filing on Thursday.

U.S. adds another China e-commerce site to 'notorious' IP blacklist

The United States on Thursday added China's third-largest e-commerce platform to its list of "notorious markets" for violations of intellectual property rights and kept China on its priority watch list for piracy and counterfeiting concerns.

U.S. adds another Chinese e-commerce site to 'notorious' IP blacklist

The United States on Thursday added China's third-largest e-commerce platform to its list of "notorious markets" for violations of intellectual property rights and kept China on its priority watch list for piracy and counterfeiting concerns.

Canada watchdog to seek court order to force Facebook to follow privacy laws

Facebook Inc broke Canadian privacy laws when it collected the information of some 600,000 citizens, a top watchdog said on Thursday, pledging to seek a court order to force the social media giant to change its practices.

Comcast in talks to sell its stake in Hulu to Disney: CNBC

Comcast Corp is in talks to sell its stake in Hulu to Walt Disney Co, CNBC reported on Thursday, citing people familiar with the matter.

U.S. adds another Chinese e-commerce site to 'notorious' list for IP protection

The U.S. Trade Representative said on Thursday it has added Pinduoduo.com, China's third-largest e-commerce platform, to its "notorious markets" list for a proliferation of counterfeit products, as the agency also called out China as a priority to watch for intellectual property rights concerns.

Microsoft market cap touches $1 trillion, pulls above Apple

Microsoft Corp's market value vaulted above the $1 trillion mark for the first time in regular session trade on Thursday, pulling ahead of Apple Inc and making it the most valuable U.S. publicly traded company after quarterly earnings and revenue beat Wall Street expectations.

Irish regulator opens inquiry into Facebook over password storage

Facebook's lead regulator in the European Union, Ireland's Data Protection Commissioner, on Thursday said it had launched an inquiry into whether the company violated EU data rules by saving user passwords in plain text format on internal servers.

Canada probe finds Facebook seriously contravened privacy laws

Facebook Inc committed serious contraventions of Canadian privacy law and failed to take responsibility for protecting the personal information of citizens, Canada's federal privacy commissioner said on Thursday.

Snap hires McDonald's executive as first marketing head

Snapchat parent Snap Inc on Thursday named McDonald's marketing head Kenny Mitchell as its first chief marketing officer, as the company seeks to attract new users to its platform.

New capital for Tesla will come at a cost

A capital raise for Tesla Inc will not come cheap and Chief Executive Officer Elon Musk must finally prove to investors that he can produce and deliver Model 3s and higher margin electric cars on time, Wall Street analysts said on Thursday.

U.S. firm Genesis says it loaned more than $1.5 billion in cryptocurrency

Cryptocurrency dealer Genesis Global Trading said on Thursday it loaned digital assets valued at $1.53 billion to institutional borrowers in the year since it launched its lending business in March 2018, an indication of demand for the emerging lending market for cryptocurrencies.

Less to lose: Germany's poorer East embraces tech revolution

From the 12th floor of Jenoptik's headquarters, chief executive Stefan Traeger points to his laser factory and the university that provides it with talent. Welcome to "Optics Valley" - a role model for Germany's East in a big year for the region.

UK government launches leak inquiry over Huawei discussions: report

Britain's government has launched a leak inquiry over the disclosure of confidential discussions about the role of China's Huawei Technologies in 5G network supply chains, according to the PoliticsHome website.

Tesla junk bond spreads widens to a record after big loss

Investors are demanding a record risk premium for holding Tesla Inc's $1.8 billion junk bond after the electric car maker posted a $700 million first-quarter loss and signaled it may be in the market for more capital soon.

UK minister: Huawei leaks 'unacceptable', criminal investigation possible

British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation over the "unacceptable" disclosure of confidential discussions on the role of China's Huawei Technologies in 5G network supply chains.

Verizon opens pre-orders for Samsung 5G phone, adds 20 more cities

Verizon Communications Inc started taking preorders for Samsung's first 5G smartphone in the United States on Thursday, and said it would launch the high-speed wireless service in 20 more cities after Chicago and Minneapolis.

Britain says leak on Huawei is being taken 'very seriously'

The leak of details from a National Security Council meeting on allowing Huawei Technologies a restricted role in building parts of Britain's 5G network is being taken very seriously, Prime Minister Theresa May's deputy said.

Nintendo cautious on Switch China launch timeline, dampens low-cost console talk

Japan's Nintendo Co Ltd cautioned it will take time for the launch of its Switch console in China and dampened speculation about introducing a low-cost version of the device.

Volkswagen plans electric vehicle plant with JAC in China: local government

German automaker Volkswagen AG's joint venture with China's Anhui Jianghuai Automobile Co (JAC) plans to invest 5.06 billion yuan ($750.8 million) in a new electric car factory in eastern Hefei city, according to local authorities.

Nokia plunges to surprise quarterly loss, shares hit six-month low

Finland's Nokia plunged to a surprise quarterly loss after it failed to supply 5G telecoms equipment in time, and said the security dispute surrounding rival Huawei was creating pressure to invest as customers reassess their suppliers.