NEW YORK (Reuters) - AT&T Inc (T.N) said on Wednesday that quarterly profit beat Wall Street analyst estimates, helped by impacts from tax cuts and wireless subscriber additions. Net income attributable to AT&T was $19.0 billion, or $3.08 per share, in the fourth quarter ended Dec. 31, up fr...

(Reuters) - Payments processor PayPal Holdings Inc’s (PYPL.O) fourth-quarter profit topped analysts’ forecasts on strength in its merchant services business, but the company gave a disappointing forecast for first-quarter earnings, sending its shares lower. PayPal said on Wednesday its n...

(Reuters) - Chipmaker Qualcomm Inc’s (QCOM.O) earnings and revenue topped Wall Street forecasts for the first fiscal quarter as demand surged for its chips used in smartphones and cars, making up for a fall in licensing revenue. The results come as San Diego-based Qualcomm tries to rebuff a $1...

(Reuters) - A federal appeals court in San Francisco ruled on Wednesday that Twitter Inc is not liable to families of two U.S. government contractors killed in an Islamic State attack in Jordan for having failed to block that group from using its accounts and messaging services. The 9th U.S. Circuit...

WASHINGTON (Reuters) - Two senior U.S. Democratic lawmakers on Wednesday asked Facebook Inc and Twitter Inc to answer questions about potential Russian involvement in social media campaigns that urged release of a Republican memorandum alleging surveillance abuses at the FBI, saying the companies ha...

(Reuters) - Music streaming service Spotify has been testing an app to rival Pandora Media Inc’s streaming stations, TechCrunch reported on Tuesday. The new app, called “Stations by Spotify”, was visible on the Google Play Store but Reuters could not immediately verify in which mar...

SAN FRANCISCO (Reuters) - Slack Technologies Inc now has more than 150 customers using the enterprise version of its workplace collaboration software, Chief Executive Stewart Butterfield told Reuters. Slack Enterprise Grid, as the enterprise service is called, has added several corporate customers s...

SAN FRANCISCO (Reuters) - One of the most dramatic moments in an upcoming trade secrets trial between Alphabet Inc’s (GOOGL.O) Waymo and Uber will likely come when the former chief of Uber’s self-driving car unit takes the witness stand, as he is expected to repeatedly refuse to answer q...

HONG KONG (Reuters) - Chinese telecom equipment maker ZTE Corp said on Wednesday said it planned to raise 13 billion yuan ($2.1 billion) via a private placement to support 5G mobile network technology development. ZTE said it planned to issue no more than 687 million of its Shenzhen-listed A shares ...

(Reuters) - Japan’s Fujifilm Holdings is set to take over Xerox Corp in a $6.1 billion deal, combining the U.S. company into their existing joint venture to gain scale and cut costs amid declining demand for office printing. The acquisition announced on Wednesday comes as Xerox has been under ...

BEIJING (Reuters) - Online shopping may not be the typical domain of the elderly, but when it comes to buying groceries with a smartphone, Xiang Jiang, 70, considers herself rather savvy. Born a year before the Communist Party took control of China in 1949, Xiang has never had a bank account but she...

TOKYO (Reuters) - Japanese Coincheck made false explanations to customers about its security system before suffering one of the world’s biggest cyber heists, the head of a major cryptocurrency industry group said on Wednesday. If similar problems had occurred in securities or currency margin t...

SEOUL (Reuters) - South Korea’s finance minister said the government has no plans to shut down cryptocurrency trading, welcome news for investors worried that authorities might go as far as China’s tough action in blocking virtual coin platforms. The comment by Kim Dong-yeon on Wednesday...

(Reuters) - Printer and copier maker Xerox Corp reported a quarterly loss on Wednesday as tumbling demand for office printing took a toll on its results. The company reported a net loss from continuing operations of $196 million, or 78 cents per share, in the quarter ended Dec. 31, compared with a p...

TOKYO (Reuters) - Japan’s Fujifilm Holdings is set to take over Xerox Corp, and combine the U.S. company into their joint venture Fuji Xerox in an effort to cut costs, the companies said on Wednesday. Fujifilm will own 50.1 percent of Xerox shares, and combine Xerox with Fuji Xerox, their join...

TOKYO (Reuters) - Line Corp said on Wednesday that it had entered an agreement with SoftBank Group Corp to give the telecoms and technology firm a majority stake in Line’s mobile unit. Line said SoftBank would hold a 51 percent stake in the mobile business after the issuance of new shares, wit...

TOKYO (Reuters) - Japan’s Fujifilm Holdings said it is cutting 10,000 jobs globally at its joint venture with Xerox Corp, saying it needed to overhaul the photocopying business amid a tough market environment. The company said it would book restructuring costs of 49 billion yen ($450.95 millio...

TAIPEI (Reuters) - Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, said on Wednesday its shareholders had approved a plan to list its subsidiary, Foxconn Industrial Internet Co Ltd (FII), on the Shanghai Stock Exchange.   Under the plan, approximately 10 per...

SEOUL (Reuters) - Samsung Electronics Co Ltd announced on Wednesday its first stock split and said it expects demand for semiconductors to remain strong in 2018, as it posted record annual profit driven by a so-called memory chip “super-cycle.” The tech giant’s stock split is the l...

SEOUL (Reuters) - South Korea has uncovered illegal cryptocurrency foreign exchange trading worth nearly $600 million, a sign authorities are tightening the regulatory screws on the digital asset that many global policymakers consider to be opaque and risky. The country’s customs service said ...

What Is Encryption? You may hear people use the term “encryption” and how you should use it to protect yourself and your information. However, encryption can be confusing and you should understand its limitations. In this newsletter, we explain in simple terms what encryption is, how it ...

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Wednesday companies offering cryptocurrency services must have ample security steps in place. Kuroda also told parliament the BOJ had no plan now to issue digital currencies. Japan’s Financial Services Agency (FSA) on Monday orde...

SEOUL (Reuters) - South Korea has uncovered cryptocurrency crimes worth 637.5 billion won ($594.35 million), which includes illegal foreign exchange trading, a statement released by the country’s customs service said on Wednesday. The statement said domestic investors bought 1.7 billion won wo...

SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) said it expects demand for memory chips to remain strong in 2018, as it reported record annual profit driven by a so-called memory chip “super-cycle” and announced a 50:1 stock split. The South Korean giant’s shares surged mo...

SAN FRANCISCO (Reuters) - Alphabet Inc’s Google will put more of a premium on “diverse perspectives” in its search results, saying in a blog post on Tuesday that answers highlighted at the top of result pages would soon display multiple viewpoints on topics for the first time ever....

SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) posted a record quarterly profit, as expected, for the three months through December, led by strong demand for memory chips. Operating profit for the world’s biggest chipmaker was 15.15 trillion won ($14.12 billion) in the fourth quarter...

(Reuters) - The U.S. Department of Justice and Securities and Exchange Commission are investigating whether Apple Inc violated securities laws concerning its disclosures that it slowed older iPhones with flagging batteries, Bloomberg reported on Tuesday. The government has requested information from...

(Reuters) - Videogame publisher Electronic Arts Inc’s (EA.O) forecast fourth-quarter revenue above analysts’ estimates as it expects to gain from the launch of its mixed martial arts title, “UFC 3”, sending its shares up 6 percent in extended trading. The third installment of...

(Reuters) - Chipmaker AMD (AMD.O) on Tuesday reported fourth-quarter earnings and revenue that handily exceeded Wall Street forecasts, as it sold more graphics processors used in data centers and computers. Sunnyvale, California-based AMD said sales in its graphics and computing business, which make...

(Reuters) - Videogame publisher Electronic Arts Inc (EA.O) expects the launch of the action-adventure video game, “A Way out”, to drive its revenue in the current quarter, sending its shares up more than 5.8 percent after the bell. The company forecast full-year adjusted revenue of $5.15...