Samsung Elec flags mobile weakness as chips power record first 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.

Samsung Elec flags mobile weakness after 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.

Samsung Elec first-quarter profit up 58 percent on-year to new record

SEOUL (Reuters) - Samsung Electronics Co Ltd posted a record quarterly profit, as expected, for the three months through March, led by firm demand for memory chips.

Qualcomm chip sales indicate some smartphone strength

(Reuters) - U.S. chipmaker Qualcomm Inc's quarterly profit and revenue topped Wall Street forecasts, suggesting that a slowdown in the global smartphone business might be less severe than feared after a string of weak forecasts from suppliers.

Britain pumps cash into artificial intelligence before Brexit

LONDON (Reuters) - Britain announced on Thursday a 1 billion pound ($1.4 billion) joint investment in the artificial intelligence (AI) industry to capitalize on what the government sees as a competitive advantage in the sector as it prepares for life after Brexit.

Trump, top aides talk trade with Apple CEO Cook at White House

WASHINGTON (Reuters) - President Donald Trump and two top aides talked about trade issues with Apple Inc chief Tim Cook on Wednesday as the White House prepares to try to avert a trade war with China, a manufacturing hub for the iPhone maker.

Brazil prosecutors say Windows 10 settings violate local laws

SAO PAULO (Reuters) - Federal prosecutors in Brazil asked a court on Wednesday to force Microsoft to change its default installation process for Windows 10, which they said violated several local laws by collecting user data without their "express consent."

Facebook's rise in profits, users shows resilience after scandals

(Reuters) - Facebook Inc shares rose on Wednesday after the social network reported revenue that beat Wall Street estimates, showing no initial impact on its lucrative ad business from a scandal over the handling of personal data.

Qualcomm profit tops estimates on higher modem chip sales

(Reuters) - U.S. chipmaker Qualcomm Inc's quarterly profit and revenue topped Wall Street forecasts, led by higher sales of modem semiconductors used in smartphones and connected cars.

PayPal quarterly profit beats estimates, shares rise

(Reuters) - PayPal Holdings Inc reported first-quarter profit that beat Wall Street estimates on Wednesday as the payment processor benefited from higher volumes of mobile payments and a strong merchant services business.

Facebook quarterly profit beats estimates

(Reuters) - Facebook Inc's first-quarter profit topped analyst estimates on Wednesday, as the social media company's mobile ad business grew from a major push to add more video content on its site.

Qualcomm's quarterly profit falls 51.5 percent

(Reuters) - Qualcomm Inc's quarterly profit fell 51.5 percent due to higher costs and as the chipmaker sold fewer modem semiconductors used in mobile phones.

Trump and Apple CEO Cook meet at White House with trade the focus

WASHINGTON (Reuters) - President Donald Trump met with Apple Inc Chief Executive Officer Tim Cook on Wednesday to discuss trade issues as the technology industry grapples with a U.S. spat over import tariffs with China, a manufacturing hub for the iPhone maker and other companies.

NYSE glitch forces Amazon and Alphabet traders elsewhere

NEW YORK (Reuters) - The New York Stock Exchange said on Wednesday that trading was suspended on its exchange in five stocks, including Amazon and Alphabet, for the rest of the day due to a technical glitch involving trade reporting.

DDoS-for-Hire Service Webstresser Dismantled

Authorities in the U.S., U.K. and the Netherlands on Tuesday took down popular online attack-for-hire service WebStresser.org and arrested its alleged administrators. Investigators say that prior to the takedown, the service had more than 136,000 registered users and was responsible for launchi...

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Twitter shares fall on outlook of slower growth, rising costs

(Reuters) - Twitter Inc shares fell about 5 percent Wednesday after the social network said its revenue growth would slow this year and costs rise as it works to fight the spread of hate speech and allegations of election manipulation through its service.

Facebook will not testify at U.S. House hearing on social media

WASHINGTON (Reuters) - Facebook Inc said Wednesday it has declined an invitation to testify at a U.S. House of Representatives hearing Thursday on filtering practices by social media companies, a company spokesman said.

U.S. probing Huawei for possible Iran sanctions violations: sources

NEW YORK/LONDON (Reuters) - Federal prosecutors in New York have been investigating since at least last year whether Chinese tech company Huawei Technologies Co Ltd [HWT.UL] violated U.S. sanctions in relation to Iran, according to sources familiar with situation.

Uber suspending Vienna operations after court injunction

VIENNA (Reuters) - The ride-hailing service Uber is suspending operations in Vienna after an Austrian court issued a temporary injunction against it on Wednesday.

U.S. probing Huawei for possible Iran sanctions violations: WSJ

(Reuters) - The U.S. Department of Justice is investigating if Chinese tech company Huawei [HWT.UL] violated U.S. sanctions in relation to Iran, the Wall Street Journal reported on Wednesday.

Trump, Apple CEO Cook to talk trade at White House

WASHINGTON (Reuters) - President Donald Trump will meet with Apple Inc Chief Executive Officer Tim Cook to discuss trade issues on Wednesday as the technology industry grapples with a U.S. tariff spat with China, a manufacturing hub for the iPhone maker and other companies.

North Korea's elite quitting Facebook, concealing internet activity: researcher

WASHINGTON (Reuters) - North Korea's ruling class has in recent months abandoned Western social media sites such as Facebook , Instagram and Alphabet's Google and dramatically increased its use of tools that cloak internet activity, according to cyber security research published on Wednesday.

EU to invest 1.5 billion euros in AI to catch up with US, Asia

BRUSSELS (Reuters) - The European Commission will boost its investment in artificial intelligence by about 70 percent to 1.5 billion euros ($1.83 billion) by 2020 to catch up with Asia and the United States, which are each investing at least three times more than Europe.

Austrian court blocks Uber in Vienna: taxi group

ZURICH (Reuters) - A commercial court in Vienna has issued a temporary injunction to stop ride-hailing service Uber from operating in Vienna, a taxi company that had sued Uber said on Wednesday.

Trump, Apple CEO to meet as U.S.-China trade row roils tech sector

WASHINGTON (Reuters) - President Donald Trump will meet with Apple Inc Chief Executive Officer Tim Cook on Wednesday, as the technology industry finds itself in the crosshairs of a U.S. trade spat with China, a manufacturing hub for the iPhone maker and other companies.

Hotel key cards, even invalid ones, help hackers break into rooms

HELSINKI (Reuters) - By getting hold of a widely used hotel key card, an attacker could create a master key to unlock any room in the building without leaving a trace, Finnish security researchers said in a study published on Wednesday, solving a 14-year-old mystery.

China's ZTE will take 'certain actions' against U.S. ban

(Reuters) - China's ZTE Corp said on Wednesday it planned to take "certain actions" under U.S. laws following a ban by the U.S. government on American firms doing business with the company.

Philippines to allow cryptocurrency operators in economic zone

MANILA (Reuters) - The Philippines will allow 10 blockchain and virtual currency companies to operate in an economic zone to take advantage of tax perks while generating employment, a government official said on Wednesday.

Twitter trounces estimates as growth moves overseas

(Reuters) - Twitter Inc reported its second profitable quarter on Wednesday and topped Wall Street estimates for revenue and monthly active users, as advertisers in Asia and other markets outside the United States embraced its video ads.

Twitter beats estimates as growth moves overseas; shares jump

(Reuters) - Twitter Inc reported its second profitable quarter on Wednesday and topped Wall Street estimates for revenue and monthly active users, as advertisers in Asia and other markets outside the United States embraced Twitter's video ads.