LONDON (Reuters) - Online streaming services such as Spotify and Apple Music have become the recording industry's single biggest revenue source, overtaking physical sales of CDs and digital downloads for the first time, a trade group said on Tuesday.
U.S. Supreme Court upholds legality of patent review process
WASHINGTON (Reuters) - The U.S. Supreme Court on Tuesday gave its stamp of approval to a government review process prized by high technology companies as an easy and cheap way to combat "patent trolls" and others that bring patent infringement lawsuits.
Ireland expects Apple EU tax appeal to be heard in autumn
DUBLIN (Reuters) - An appeal by Apple and Ireland against a European Union ruling for the U.S. firm to pay 13 billion euros ($16 billion) in disputed taxes is likely to be heard in the autumn, Irish Finance Minister Paschal Donohoe said on Tuesday.
IT glitches hit Britain's TSB, RBS Irish bank
LONDON/DUBLIN (Reuters) - Britain's TSB Bank, owned by Spain's Banco Sabadell, faced continuing problems with its digital services on Tuesday as Royal Bank of Scotland's Irish unit also reported an issue that led to salaries going missing from some accounts.
Careem plans to appeal Jordan suspension
DUBAI (Reuters) - Careem, the Middle East ride-hailing app, said on Tuesday it would appeal after a Jordanian court banned its services in the capital Amman.
Music streaming overtakes physical sales for the first time: industry body
LONDON (Reuters) - Online streaming services such Spotify and Apple Music have become the music industry's single biggest revenue source, overtaking physical sales and digital downloads for the first time, a global industry body said on Tuesday.
Face-recognition chipmaker AMS hit by Apple order delays
LONDON/VIENNA (Reuters) - Shares of Austrian chipmaker AMS tumbled as much as 14 percent after the supplier to tech giant Apple warned of a major customer's continued delays in finalizing product plans, dealing a blow to its second-quarter outlook.
Verizon first-quarter results beat estimates
(Reuters) - Verizon Communications Inc reported better-than-expected first-quarter results on Tuesday as the No. 1 U.S. wireless carrier held on to its customers with unlimited data plans.
Britain's TSB bank still facing problem with app, online banking
(Reuters) - Britain's TSB bank is still facing problems with its digital services, its boss said on Tuesday, a day after the company apologized because some customers were unable to access their bank accounts online.
Lenovo eyes making smart wearables in India, higher market share
(Reuters) - Lenovo Group Ltd is looking to make smart wearables in India and raise its share of the local market by three-fold, in a plan that will help boost Prime Minister Narendra Modi's scheme to promote the country an electronics manufacturing hub.
To beat porch thieves, Amazon slips packages in car trunks
(Reuters) - Not content to stop at slipping packages inside customers' front doors, Amazon.com Inc on Tuesday started a new program to deliver packages to its members' parked cars.
Researcher in Facebook scandal says: my work was no good for targeted advertising
LONDON (Reuters) - A researcher at the center of a scandal over the alleged misuse of the data of nearly 100 million Facebook users said on Tuesday that the work he did was not useful for micro-targeted adverts.
One in five financial institutions consider cryptocurrency trading, survey says
LONDON (Reuters) - One in five financial institutions is considering trading cryptocurrencies within the next 12 months, a survey published by Thomson Reuters on Tuesday found.
Facebook releases long-secret rules on how it polices the service
MENLO PARK, Calif. (Reuters) - Facebook Inc on Tuesday released a rule book for the types of posts it allows on its social network, giving far more detail than ever before on what is permitted on subjects ranging from drug use and sex work to bullying, hate speech and inciting violence.
China's Didi in talks for IPO as early as this year: WSJ
(Reuters) - Chinese ride-hailing company Didi Chuxing is in talks for a multi-billion-dollar initial public offering that could take place as early as this year, The Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Softbank, Google join $1.9 billion investment in China truck-hailing firm
BEIJING/SHANGHAI (Reuters) - Japan's Softbank Group and Alphabet Inc's venture capital fund CapitalG are among investors pouring $1.9 billion into a truck hailing service platform Manbang, the Chinese company said in a statement on Tuesday.
Ukraine energy ministry website hit by ransomware attack: spokeswoman
KIEV (Reuters) - The website of Ukraine's energy and coal ministry website has been hit by a cyber attack, though the websites of state-run energy companies have not been affected, the ministry's spokeswoman said by phone.
SAP bullish on outlook as it beats path from back to front office
FRANKFURT/LONDON (Reuters) - Germany's SAP announced upbeat results in the seasonally tough first quarter, saying it was gaining ground on competitors Salesforce and Oracle in the cloud and that its margin recovery was firmly on track.
Chinese tech giants, government under fire for 'men only' job ads
BEIJING (Reuters) - Top Chinese tech firms and some government departments have been singled out in a report that says discriminatory hiring practices based on gender are widespread in China and are linked to a shrinking proportion of women in the labor force.
SAP, gaining market share, raises outlook
FRANKFURT/LONDON (Reuters) - Germany's SAP announced upbeat results in the seasonally tough first quarter, saying it was gaining ground on its main competitors Salesforce and Oracle in the cloud and that its margin recovery was firmly on track.
SK Hynix echoes TSMC with warning of slower mobile chip growth
SEOUL (Reuters) - SK Hynix Inc became Asia's second major semiconductor maker this earnings season to warn of slower growth in smartphone chip sales, but said this would be offset somewhat by robust demand for server and other high-end chips.
China's ride-hailing firm Didi wants to develop 'purpose-built' cars with automakers
BEIJING/DETROIT (Reuters) - Chinese ride-hailing giant Didi Chuxing is exploring ways of collaborating with established automakers and parts suppliers to jointly develop cars purpose-built for its services, the company said on Tuesday.
Ad sales surge at Google parent Alphabet, but so do costs
SAN FRANCISCO (Reuters) - Strong growth in ad sales on Google search and YouTube were not enough to offset a surge in costs at parent Alphabet Inc that shrank the first-quarter operating margin, leaving shares flat after hours on Monday.
Car of the future: Electrified and autonomous, but what will it look like?
BEIJING (Reuters) - An autonomous driving electric vehicle may not take to the sky any time soon but could one day start to look a bit like The Jetsons’ flying car - a glass bubble without the long hood that is a signature feature of today's gasoline-fueled cars.
Flying taxi start-up hires designer behind modern Mini, Fiat 500
LONDON (Reuters) - Lilium, a German start-up with Silicon Valley-scale ambitions to put electric "flying taxis" in the air next decade, has hired Frank Stephenson, the designer behind iconic car brands including the modern Mini, Fiat 500 and McLaren P1.
Transcription Service Leaked Medical Records
MEDantex, a Kansas-based company that provides medical transcription services for hospitals, clinics and private physicians, took down its customer Web portal last week after being notified by KrebsOnSecurity that it was leaking sensitive patient medical records — apparently for thousands of p...
Google parent Alphabet profit beats Street on strong ad sales
SAN FRANCISCO (Reuters) - Google owner Alphabet Inc reported first-quarter sales and profit Monday that topped financial analysts' estimates due to strong ad sales and a change in accounting for investments in startups, sending its shares up about 1 percent after hours.
Facebook says it is taking down more material about ISIS, al-Qaeda
SAN FRANCISCO (Reuters) - Facebook Inc said on Monday that it removed or put a warning label on 1.9 million pieces of extremist content related to ISIS or al-Qaeda in the first three months of the year, or about double the amount from the previous quarter.
Alphabet's profit jumps 73 percent in first quarter
(Reuters) - Alphabet Inc's profit jumped about 73 percent in the first three months of the year, as Google's parent company benefited from soaring sales of internet advertisements.
India's Infosys to renew focus on digital services
MUMBAI (Reuters) - Infosys Ltd, India's second-biggest IT firm, plans to renew its focus on digital services as it looks to boost growth amid shrinking profit margins in its legacy business and rising competition from local and international rivals.