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Updated: 5 hours 51 min ago

Alibaba, Tencent in talks over stake in WPP's Chinese unit: Sky News

Sat, 07/21/2018 - 17:51
Chinese conglomerates Alibaba and Tencent are involved in talks to buy a minority stake in advertising giant WPP's Chinese unit, Sky News reported on Saturday, citing unidentified sources.
Categories: Technology

Amazon, Toyota, Alcoa and others working to counter Trump's tariff plans

Sat, 07/21/2018 - 09:44
Big companies in the United States from Amazon.com Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration's trade policies and to head off new tariffs.
Categories: Technology

Cryptocurrency exchange Coinbase forms political action committee

Sat, 07/21/2018 - 03:57
Coinbase has formed a political action committee (PAC) to raise money to spend on U.S. elections, the cryptocurrency exchange said http://docquery.fec.gov/cgi-bin/forms/C00680355/1243300#SUMMARY in a filing made public on Friday.
Categories: Technology

U.S. lawmakers cut anti-ZTE measure from defense bill

Sat, 07/21/2018 - 01:17
U.S. lawmakers cut measures from a defense bill that would have reinstated sanctions on China's ZTE Corp, abandoning an attempt to punish the company for illegally shipping U.S. products to Iran and North Korea.
Categories: Technology

Microsoft shares at all-time high after bumper results

Fri, 07/20/2018 - 22:17
Microsoft Corp shares rose about 5 percent to an all-time high on Friday, after investors cheered another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.
Categories: Technology

Lawmakers cut anti-ZTE measure from must-pass bill: source

Fri, 07/20/2018 - 18:46
U.S. lawmakers who reached an agreement on a must-pass defense bill cut from the legislation a measure that would have made it harder for the president to undo sanctions slapped on China's ZTE Corp, a congressional source said on Friday.
Categories: Technology

Russian government: Telcoms face cost hike from new security law

Fri, 07/20/2018 - 18:20
Russian telecoms operators will have to ramp up charges by up to 10 percent to cover costs they will incur implementing new laws designed to give state security greater oversight over telecoms, according to an estimate from the main security agency.
Categories: Technology

GE beats on EPS but trims cash flow target; shares fall

Fri, 07/20/2018 - 18:09
General Electric Co reported a smaller-than-expected drop in profit on Friday, but cut a key financial target, raising questions about its full-year outlook and sending shares sharply lower.
Categories: Technology

India's Wipro sees strong demand for services from financial clients

Fri, 07/20/2018 - 17:45
Indian IT company Wipro Ltd said it was seeing strong demand for its services from clients in banking, financial services and insurance (BFSI), while it faces challenges in its India business and in the U.S. healthcare sector.
Categories: Technology

Cyberattack on Singapore health database steals details of 1.5 million, including PM

Fri, 07/20/2018 - 17:44
A major cyberattack on Singapore's government health database stole the personal information of about 1.5 million people, including Prime Minister Lee Hsien Loong, the government said on Friday.
Categories: Technology

AT&T reveals three more cities for 5G launch by end of year

Fri, 07/20/2018 - 16:29
AT&T Inc on Friday named Oklahoma City, Charlotte and Raleigh, North Carolina, as three more cities where it plans launch its next-generation wireless network, or 5G, by the end of the year.
Categories: Technology

Apple Watch, FitBit could feel cost of U.S. tariffs

Fri, 07/20/2018 - 14:30
The latest round of U.S. tariffs on $200 billion of Chinese goods could hit the Apple Watch, health trackers, streaming music speakers and other accessories assembled in China, government rulings on tariffs show.
Categories: Technology

India's Wipro first quarter profit beats estimates

Fri, 07/20/2018 - 13:29
India's Wipro Ltd beat first-quarter profit expectations on Friday buoyed by higher Banking, Financial Services and Insurance (BFSI) revenue.
Categories: Technology

GE quarterly profit drops 28 percent; cash flow target trimmed

Fri, 07/20/2018 - 13:03
U.S. industrial conglomerate General Electric Co reported a 28 percent drop in quarterly profit on Friday, as weakness in its power and renewables businesses offset gains in its aviation, oil and gas and healthcare units.
Categories: Technology

SoftBank's Vision Fund to invest $1 billion in China AI startup: Bloomberg

Fri, 07/20/2018 - 08:06
SoftBank Group Corp's Vision Fund is seeking to invest almost $1 billion in SenseTime Group Ltd, a Chinese facial recognition technology developer, Bloomberg reported on Friday.
Categories: Technology

Exclusive: Tesla's battery maker suspends cobalt supplier amid sanctions concern

Fri, 07/20/2018 - 03:54
Panasonic Corp said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its concerns.
Categories: Technology

At patent trial, Groupon casts IBM as shaking down other tech companies

Fri, 07/20/2018 - 01:15
A lawyer for discount e-commerce company Groupon Inc told a court in Delaware on Thursday that International Business Machines Corp has shaken down practically every large tech firm for patent fees.
Categories: Technology

Microsoft beats Wall Street targets on cloud services revenue

Fri, 07/20/2018 - 00:44
Microsoft Corp on Thursday posted quarterly profit and revenue that beat analysts' estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite.
Categories: Technology

Microsoft quarterly results beat as cloud revenue soars

Thu, 07/19/2018 - 22:38
Microsoft Corp on Thursday posted quarterly profit and revenue that beat analysts' estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite.
Categories: Technology

Comcast concedes to Disney in bidding war for Fox assets

Thu, 07/19/2018 - 22:29
Comcast Corp dropped its $66 billion bid for Twenty-First Century Fox Inc's entertainment assets on Thursday but said it would still try to expand its international footprint by acquiring 61 percent of European broadcaster Sky Plc , the remainder of which is owned by Fox.
Categories: Technology

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