Category: Biz Tech

The IBM logo is seen outside the company's offices in Petah Tikva, near Tel Aviv October 24, 2011. Reuters/Nir Elias International Business Machines Corp's (IBM.N) revenue fell for the 13th consecutive quarter and missed the average analyst estimate, as it continued to shed low-margin businesses and the strong dollar weighed on Big Blue's results. Shares of the world's largest technology services company fell about 5 percent in after-market trading on Monday. IBM is deep in transition, and has been selling businesses such as

The logo of U.S. memory chip maker MicronTechnology is pictured at their booth at an industrial fair in Frankfurt, Germany, July 14, 2015. Reuters/Kai Pfaffenbach Micron Technology Inc (MU.O) has told China's Tsinghua Unigroup Ltd that its $23 billion acquisition offer is not realistic because U.S. authorities would block the deal due to national security concerns, according to people familiar with the matter. The Boise, Idaho-based chipmaker's response to Tsinghua's overtures illustrates the hurdles the Chinese state-backed investment firm would have to

Ashley Madison founder Noel Biderman demonstrates his website on a tablet computer during an interview in Hong Kong August 28, 2013. Reuters/Bobby Yip/Files TORONTO Hackers threatened to leak details including the credit card information, nude photos and sexual fantasies of as many as 37 million customers of a dating website that caters to cheating spouses, the KrebsOnSecurity blog reported. The dating website AshleyMadison.com's Canadian parent, Avid Life Media, confirmed the breach on its systems, and said it had since secured the site and

Google Inc's (GOOGL.O) shares soared as much as 16.8 percent on Friday, crossing the $700 mark and adding nearly $68 billion to its market value, as strong growth in YouTube viewership allayed concerns about Facebook Inc's (FB.O) push into video. The stock's surge, which sent the Nasdaq composite index to a record intraday high, came a day after Google reported better-than-expected profit for the first time in six quarters. The rise in the Web search giant's market value was more than

A Google self-driving vehicle is parked at the Computer History Museum after a presentation in Mountain View, California May 13, 2014. Reuters/Stephen Lam/Files DETROIT One of Google Inc's self-driving cars was involved in an accident early in July, in which three employees were injured when a vehicle equipped with Google technology was rear-ended by another vehicle, the company said. Several employees suffered minor whiplash in the July 1 incident, when a vehicle drove into the rear of a Lexus RX450h prototype - outfitted

A logo of Toshiba Corp is seen next to an advertisement board for its Regza television in Tokyo, Japan, June 25, 2015. Reuters/Yuya Shino TOKYO A panel investigating an accounting scandal at Toshiba Corp has found that top executives were involved in improper practices, confirming the institutional nature of the abuses, a person directly involved in the investigation said on Friday. Improper accounting, extended across virtually all business areas of the semiconductor-to-nuclear conglomerate, was part of Toshiba's "corporate culture," the person said. Toshiba

A logo is pictured at Google's European Engineering Center in Zurich April16, 2015. Reuters/Arnd Wiegmann/Files Google Inc on Wednesday unveiled a new feature called "Purchases on Google," which allows shopper to buy items directly from mobile search ads. The eagerly awaited "buy" feature, which Google said it was testing with a few retailers, uses saved payment credentials from the user's Google Account for transactions. Both Google and Facebook Inc have been stepping up efforts to advance location-based technology as consumers spend more time on

A man looks at a smartphone at the Intel booth during the 2015 Computex exhibition at the TWTC Nangang exhibition hall in Taipei, Taiwan, June 2, 2015. Reuters/Pichi Chuang Intel Corp (INTC.O) reported better-than-expected quarterly results on Wednesday as growth in its data centres and Internet-of-Things businesses helped offset weak demand for personal computers that use the company's chips. Shares of the world's largest chipmaker, which also cut its full-year capital expenditure forecast for the second time, rose as much as 9.2

India exports plunge again, clouding growth outlook  Full Article  Pakistan says it shot down Indian drone near LoC  Full Article  Asia ready to buy more Iranian oil when sanctions lifted  Full Article  Insight - From remote outpost, India looks to check China's Indian Ocean thrust  Full Article  Lack of interest brings end to Champions League T20  Full Article  Sri Lanka seeks new funding sources in shift away from ally China   Full Article  Download the Reuters app from Google Play and select the India edition for breaking news, analysis and market updates. 

A Blackberry sign is seen in front of their offices on the day of their annual general meeting for shareholders in Waterloo, Canada June 23, 2015. Reuters/Mark Blinch/Files TORONTO BlackBerry Ltd named Carl Wiese as head of global sales on Monday, an appointment that comes at a critical juncture for the smartphone industry pioneer, which needs to spur top-line growth in order for its turnaround efforts to succeed. Wiese has spent the past 12 years at Cisco Systems, first heading advanced technology

TOKYO Nintendo Co Ltd Chief Executive Satoru Iwata died of cancer on Saturday, months after he led the Japanese video-game maker's belated entry into mobile gaming following years of declining sales. He was 55. The death of the hands-on CEO and president, announced by Nintendo on Monday, comes at a critical time for the company which is betting that its new smartphone tie-up with online game maker DeNA will help make up for declining console sales. Iwata long resisted investors' calls

A worker works on a Samsung outdoor advertisement installed atop an office building in central Seoul March 23, 2015. Reuters/Kim Hong-Ji/Files SEOUL With four days to go in a landmark proxy battle, a Samsung firm is going all out to coax a legion of undeclared investors into backing an $8 billion merger with a sister company that is key to the future of the country's biggest family-run conglomerate. Holders of nearly one-third of Samsung C&T Corp shares are believed to support the

The White House is seen covered by snow in Washington February 21, 2015. Reuters/Yuri Gripas/Files WASHINGTON The federal government could find more cyber intrusions as it takes a close look at its sprawling and sometimes creaky systems in the wake of massive hacks, the nation's chief information officer told Reuters. "I think it's a realistic chance, and I think this is true no matter where you go. It's not unique to the federal government," said Tony Scott, who spent 35 years in

An employee stands in front of the Apple flagship store on 5th Avenue in New York April 22, 2015. Reuters/Brendan McDermid/Files WASHINGTON/SAN FRANCISCO U.S. government antitrust regulators are looking into claims about whether Apple's treatment of rival streaming music apps is illegal under antitrust law, according to three industry sources. Apple recently launched a new music streaming service, Apple Music. It also provides the App Store platform for competing streaming services including Jango, Spotify, Rhapsody and others. Apple takes a 30 percent cut

Ellen Pao speaks to the media after losing her high profile gender discrimination lawsuit against venture capital firm Kleiner, Perkins, Caufield and Byers in San Francisco, California March 27, 2015. Reuters/Beck Diefenbach SAN FRANCISCO Ellen Pao resigned as acting chief executive of Reddit Friday in the latest sign of turmoil at the site, recently roiled by the firing of a popular employee and ongoing tensions over the limits of free speech on its social-news platform. Reddit co-founder Steve Huffman, also a co-founder

People queue outside an Apple store to buy the new iPhone 6 and 6 Plus in Beijing November 16, 2014. Reuters/Petar Kujundzic SAN FRANCISCO Apple Inc's (AAPL.O) stock was heading toward its first five-session losing streak since January on Thursday as investors worried about the economic health of China, a key market for iPhones. Apple shares were down 2 percent at $120.15 in afternoon trade and have lost about 4 percent since July 1. In the first three months of the year, for

Pedestrians walk past a logo of Toshiba Corp outside an electronics retailer in Tokyo, Japan, June 25, 2015. Reuters/Yuya Shino/Files TOKYO An independent investigation of Toshiba Corp's accounting irregularities is looking at the role played by top officials, people familiar with the matter said, a move that could force a management overhaul at the Japanese conglomerate. As the probe has widened from looking into accounting errors at Toshiba's infrastructure business to checking books for a broad range of operations, investigators have interviewed

SAN FRANCISCO Microsoft Inc's (MSFT.O) future in mobile devices likely hinges on the software maker's ability to convince developers to create apps for the phone version of Windows 10 after its ill-fated Nokia acquisition helped trigger 7,800 layoffs. The job cuts announcement is an acknowledgement that its 2013 $7.2 billion purchase of Nokia was never going to help paltry sales of its Windows Phone, and that it needed a new approach. Microsoft said it would also write down about $7.6 billion

An unmanned SpaceX Falcon 9 rocket explodes after liftoff from Cape Canaveral, Florida, June 28, 2015. Reuters/Mike Brown/Files CAPE CANAVERAL, Fla SpaceX is still homing in on why its Falcon 9 rocket exploded after liftoff last week, unable to resolve conflicting data radioed back to the ground before the explosion, CEO Elon Musk said on Tuesday. “It’s a huge blow to SpaceX. We take these missions incredibly seriously,” Musk said at a webcast International Space Station research and development conference in Boston. So

DETROIT Google Inc has begun testing its self-driving cars in Austin, Texas, expanding efforts to gather information on how the prototypes interact with traffic, road conditions and people, the company said early Tuesday. Google has been testing self-driving prototypes since 2009, mainly around its Silicon Valley headquarters in Mountain View, California. Google is sending a second specially equipped Lexus RX450h prototype this week to Austin. Last month, the company began testing tiny, bubble-shaped self-driving prototype vehicles of its own design on public

SAN FRANCISCO When it comes to dashboard displays that are more like smart phones, two things are clear: Customers want them, and automakers are intent on supplying them. But are they really a good idea? Car companies answer with an emphatic yes. They say outsized dashboard displays that behave more like smart phones will boost revenue and attract buyers. And they also insist the new screens will make driving less dangerous, because of well-integrated voice controls and large touch screens that

A ball boy holds a ball on Court 18 at the Wimbledon Tennis Championships in London, July 3, 2015. Reuters/Henry Browne Deep in the bowels of the All England Club, an army of employees from one of the world's technology giants are teaching a computer named Watson to master tennis. Seven-times Wimbledon champion Roger Federer can relax though. A silicon-chipped cyborg is not about to wreak havoc on his beloved Centre Court. Watson is a cognitive computer designed by IBM that played Gary

GLEN, N.H. U.S. Democratic presidential candidate Hillary Clinton accused China on Saturday of stealing commercial secrets and "huge amounts of government information," and of trying to "hack into everything that doesn't move in America." Clinton's language on China appeared to be far stronger than that usually used by President Barack Obama's Democratic administration. Speaking at a campaign event in New Hampshire, Clinton said she wanted to see China's peaceful rise. "But we also have to be fully vigilant, China's military is growing

A fan of video game Minecraft waves a foam pick-axe in front of a screen display at the Minecon convention in London July 4, 2015. Reuters/Matthew Tostevin LONDON For hours, the dedicated queued on Saturday to carry off a prized autograph or to pose for a selfie with some of the biggest celebrities of a new generation. Not for them the rock stars or sporting heroes, but video gamers who have won millions of global followers piling up blocks in the Minecraft

A Swiss man attempting to circumnavigate the globe with an aircraft powered only by the sun's energy landed in Hawaii on Friday, after a record-breaking five-day nonstop solo flight across the Pacific Ocean from Japan. The Solar Impulse 2 is the first aircraft to fly day and night without any fuel. Pilot Andre Borschberg's 120-hour voyage shattered the 76-hour record for nonstop flight by late American adventurer Steve Fossett in 2006 on the Virgin Atlantic Global Flyer. Borschberg, who took off from Nagoya,

A supporter of Wikileaks founder Julian Assange holds a placard with his mouth during a gathering outside the Ecuador embassy in London, Britain June 19, 2015. Reuters/Stefan Wermuth PARIS France swiftly rejected on Friday a request for asylum by WikiLeaks founder Julian Assange. The founder of the transparency website had appealed directly to President Francois Hollande, days after Wikileaks published documents showing the United States had spied on successive French leaders, including Hollande himself. "My life is in danger," Assange wrote in a letter

The Yelp Inc. logo is seen in their offices in Chicago, Illinois, March 5, 2015. Reuters/Jim Young Yelp Inc (YELP.N), operator of consumer review website yelp.com, had temporarily decided not to pursue a sale, Bloomberg reported, citing people with knowledge of the matter. The company has had several interested suitors after which it hired Goldman Sachs Group Inc (GS.N) to help find a buyer, Bloomberg said on Thursday. The company's shares fell as much as 15 percent to a two-year low of $36.10 in

NEW DELHI/MUMBAI Prime Minister Narendra Modi urged more companies to make electronic and digital goods on Wednesday, reviving his campaign promise to bridge India's digital divide backed by over $70 billion in investment pledges. Launching a "Digital India Week" aimed at popularising the government's push to connect 250,000 villages by 2019, Modi spoke of the need to boost local manufacturing of electronics - the country's largest import after oil. "Why can't we make quality electronic goods that are globally competitive?" Modi

MUMBAI Indian property firm Housing.com, backed by Japan's SoftBank, ousted its co-founder and chief executive officer on Wednesday, marking the first major management upset at one of the country's largest start-ups. Housing.com's boss Rahul Yadav had been at odds with his investors for months and even resigned in April in a letter where he was highly critical of the company's investors. He later withdrew that resignation. But on Wednesday, the group, whose other investors include Sequoia Capital and Helion Venture Partners, said it

REUTERS - Indian e-retailer Infibeam filed a draft prospectus for an initial public offering (IPO) to raise 4.5 billion rupees ($70.69 million), becoming the first of India's ecommerce companies to list its shares on the domestic market. Infibeam's IPO comes at a time of intense competition in India's e-commerce sector, with high cash burn rates at industry leaders Flipkart, Snapdeal and Amazon.com's India unit raising concerns among investors. A top Flipkart executive told Reuters in May it was not yet ready for

People visit the Microsoft booth during the 2015 Computex exhibition at the TWTC Nangang exhibition hall in Taipei, Taiwan, June 2, 2015. Reuters/Pichi Chuang Microsoft Corp (MSFT.O) said on Monday it will hand over its display advertising business to AOL Inc and AppNexus Inc, and sell some map-generating technology to ride-hailing app company Uber, as it slims down its money-losing online operations. The moves mean Microsoft will focus on its growing search advertising business based on its Bing search engine, and displaying maps

An unmanned SpaceX Falcon 9 rocket explodes after liftoff from Cape Canaveral, Florida, June 28, 2015. Reuters/Mike Brown WASHINGTON The failure of a SpaceX rocket over Florida on Sunday should not lead U.S. officials back to Russia to look for a rocket engine that can get military equipment into space, Senate Armed Services Committee Chairman John McCain said on Monday. "This mishap in no way diminishes the urgency of ridding ourselves of the Russian RD-180 rocket engine," McCain said in a statement. The United

Two freshly delivered Amazon boxes are seen on a counter in Golden, Colorado August 27, 2014. Reuters/Rick Wilking/Files   CHICAGO Amazon.com Inc will launch its business loan program for small sellers later this year in eight more countries including China, where credit is becoming a key factor in competing for new vendors and grabbing market share. Until now, the e-retailer has offered the service only in the United States and Japan. Amazon Lending, founded in 2012, now plans to offer short-term working capital loans

French attack suspect admits to killing his boss - source  Full Article  Iran, big powers plan to keep negotiating beyond June 30  Full Article  SpaceX rocket supplying space station explodes after Florida launch   Full Article  Monsoon covers entire India ahead of schedule - weather office  Full Article  Bad weather, rugged terrain caused U.S. chopper crash in Nepal - army  Full Article  Kuwait says mosque bomber was Saudi, detains driver  Full Article  Video: Japanese arrested in India for smuggling reptiles  Video  Download the Reuters app from Google Play and select the India edition