Square to buy website building platform Weebly

NEW YORK (Reuters) - Square Inc, the payments company led by Twitter Inc Chief Executive Officer Jack Dorsey, will acquire website building startup Weebly, the company said on Thursday.

China's Baidu tops profit estimates on advertising growth, shares jump

(Reuters) - Chinese internet search giant Baidu Inc's quarterly profit topped analysts' forecasts, led by growth in its online advertising business.

Intel raises full-year forecasts on demand for data center chips

(Reuters) - Intel Corp beat earnings expectations for the first quarter and raised its full-year revenue and profit forecasts on Thursday, driven by higher demand for chips from data centers and personal computers.

Amazon surprises Wall Street with huge profits, optimistic outlook

(Reuters) - Amazon.com Inc's march in retail and cloud computing showed no sign of slowing on Thursday, as the company reported a surge in first-quarter sales and profit, both ahead of expectations.

Western Digital profit, revenue beat estimates; shares rise

(Reuters) - Western Digital Corp reported better-than-expected profit and revenue on Thursday, as the demand for its memory chips used in smartphones and personal computers rose.

Microsoft tops estimates as Azure, Office products drive gains

(Reuters) - Microsoft Corp topped Wall Street forecasts for quarterly profit as it signed up more businesses to its Azure cloud computing services and Office 365 productivity suite.

Intel results beat on demand for data center chips

(Reuters) - Intel Corp beat revenue and profit expectations for the first quarter on Thursday, driven by higher demand for chips from data centers and personal computers.

Amazon's first-quarter revenue, profit trounce estimates

(Reuters) - Amazon.com Inc reported first-quarter revenue and profit on Thursday that trounced analysts' estimates, driven by a surge in online shopping and higher demand for its cloud services.

Facebook slammed by UK lawmakers as CTO promises transparency overhaul

LONDON (Reuters) - A top Facebook executive apologized for errors made by the firm and vowed to do more to improve transparency during a four-hour grilling on Thursday from British lawmakers who insisted the company's response to a data scandal had been inadequate.

U.S. Congress spars over social media filtering; companies skip hearing

WASHINGTON (Reuters) - Democrats and Republicans in the U.S. House of Representatives on Thursday sparred over the role of social media platforms Facebook, Google and Twitter in filtering content after representatives of the tech companies skipped a hearing.

No Doomsday scenario for Facebook as EU privacy rules kick in

FRANKFURT (Reuters) - As Europe nears tough new privacy rules, Facebook reckons the worst that could happen is that users will share less data, making it harder to target ads on the social network that raked in revenues of $12 billion in the first quarter.

Tesla Autopilot chief leaves to join Intel

(Reuters) - Tesla Inc's Autopilot chief Jim Keller is leaving the electric vehicle manufacturer to join chipmaker Intel Corp .

EU strikes deal forcing Netflix, Amazon to fund European content

BRUSSELS (Reuters) - EU lawmakers and member states on Thursday struck a preliminary deal that will allow countries to force online streaming services including Netflix and Amazon's video service to help fund European films and TV shows.

Facebook exec promises UK lawmakers overhaul for political ads

LONDON (Reuters) - Facebook will introduce new measures to improve transparency around advertising and politics in Britain, an executive said on Thursday, as he faced criticism from British lawmakers over a data scandal.

Facebook to clearly label political advertising in Britain

LONDON (Reuters) - Facebook will introduce new measures to improve transparency around advertising in Britain and require political ads to be clearly label led, an executive said on Thursday, as he faced questions in parliament over a data scandal.

Uber to update 'bug bounty' policies after 2016 data breach: executive

SAN FRANCISCO (Reuters) - Uber on Thursday plans to announce changes to how it rewards cyber researchers who report flaws in its software, a company executive told Reuters, as part of the ride-hailing firm's response to concerns raised about the way it handled a data breach in 2016.

Autobots Roll Out! - transforming robot unveiled in Japan

TOKYO (Reuters) - A Transformers-style, humanoid robot that can shape shift into a sports car in about 60 seconds was unveiled in Japan on Wednesday.

Facebook to clearly label political advertising in Britain, CTO says

LONDON (Reuters) - Facebook will introduce new measures to boost transparency around adverts in Britain by June this year and require political ads to be clearly labeled, the firm's Chief Technology Officer told a British parliamentary committee.

EU piles pressure on social media over fake news

BRUSSELS (Reuters) - Tech giants such as Facebook and Google must step up their efforts to tackle the spread of fake news online over the next few months or potentially face further regulation from the European Union, as concerns mount over election interference.

Jewelry companies team up with IBM on blockchain platform

NEW YORK (Reuters) - Gold and diamond companies including Berkshire Hathaway Inc's Richline Group Inc joined with IBM to develop blockchain technology to track the origin of jewelry and ensure it is ethically sourced, the companies said on Thursday.

Exclusive: Chip wars - China closing in on second $19 billion semiconductor fund: sources

HONG KONG/SHANGHAI (Reuters) - China's state-backed semiconductor fund is near to closing a 120 billion yuan ($18.98 billion)investment round for a second fund to support the domestic chip sector and help cut reliance on imports amid a bruising trade standoff with the United States.

EU moves to regulate tech giants' business practices

BRUSSELS (Reuters) - Tech giants like Google, Apple and Amazon will for the first time face rules regulating their commercial relations with smaller businesses under a law proposed by the European Union on Thursday.

Cyber security firm Avast targets $4.5 billion valuation in IPO

LONDON (Reuters) - Private equity-backed cyber security firm Avast is targeting a market capitalization of between 2.5 billion and 3.2 billion pounds ($3.5-4.5 billion) in its initial public offering (IPO), potentially the biggest London listing since July.

Nokia sees weak first half but strong momentum later in 2018

HELSINKI/LONDON (Reuters) - Network equipment maker Nokia posted weaker than expected quarterly profits as telecom operators, particularly in North America, held off spending, but the company sees momentum building later in the year.

Tesla's head of Autopilot leaves, ex-Apple exec to succeed

(Reuters) - Tesla Inc said on Thursday Jim Keller, the head of its low-voltage hardware, Autopilot software and infotainment, is leaving the automaker to focus on microprocessor engineering with another company.

Nintendo sees the best annual profit in nine years on Switch, announces new president

TOKYO (Reuters) - Japan's Nintendo Co Ltd said on Thursday it expects operating profit to rise 26.7 percent in the year through March to a nine-year high, as its Switch games console maintains sales momentum in its second year.

Revolut becomes Britain's first digital bank unicorn

LONDON (Reuters) - Financial technology firm Revolut said on Thursday its valuation had jumped by five times in a year to $1.7 billion at its most recent funding round, making it the first of Britain's digital-only banks to reach unicorn status.

Samsung Electronics flags mobile weakness as chips power record first-quarter profit

SEOUL (Reuters) - Samsung Electronics Co Ltd said weakness in the global smartphone market would slow earnings growth, as it reported record quarterly profit on Thursday thanks to strong demand for semiconductors used in servers.

ZTE tells suppliers China trade row may be factor in U.S. ban: source

NEW YORK (Reuters) - China's ZTE Corp held a conference call on Wednesday with major suppliers, during which a company representative suggested the trade dispute with Beijing may have been a factor in last week's U.S. order banning American firms from selling goods to the smartphone maker, according...

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Qualcomm easing licensing terms in bid to strike deals

SAN FRANCISCO (Reuters) - Qualcomm Inc's earnings call on Wednesday showed just how far the company is willing to go to preserve one of its core business practices of taking a cut of the selling price of phones.