Category: Biz Tech

An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. Reuters/Mike Segar NEW YORK Has the "curse of the Dow" finally caught up with Apple? Shares of the iPhone maker have been in a rut since posting disappointing quarterly results in late June, falling to a six-month low of $113.25 on Tuesday. The recent declines have wiped out nearly $100 billion of Apple's market value - about as

Terry Gou, founder and chairman of Taiwan's Foxconn Technology, gestures during a news conference in New Delhi, India, August 4, 2015. Reuters/Anindito Mukherjee NEW DELHI/MUMBAI Foxconn, the trade name for Hon Hai Precision Industry Co Ltd, will invest in India as it builds a supply chain in the country, in a move that may help the country's efforts to build a technology manufacturing base. Taiwan-based Foxconn is the world's largest contract maker of electronic products and counts Apple, Blackberry, Xiaomi and Amazon among

Police secure the main entrance of the German Axel Springer publishing group headquarters in Berlin January 8, 2015. Reuters/Hannibal Hanschke/Files FRANKFURT After its failed bid to buy the Financial Times, Germany's biggest news publisher Axel Springer will concentrate on digital expansion through small and medium-sized deals, the company said on Tuesday. Springer was outbid last month by Japan's Nikkei in an attempt to buy the FT from Pearson. Nikkei's bid of $1.3 billion pipped Springer's by just 100 million euros ($110 million). Chief

A BMW i3 electric car is seen during the opening of the 85th International Motor Show in Geneva March 5, 2015. Reuters/Arnd Wiegmann/Files VIENNA The chief executive of BMW (BMWG.DE) hinted in a German paper that there was potential for another of its "i" electric car models. "Between the i3 and the i8, there is space if you look at it from the number point of view," Harald Krueger told Frankfurter Allgemeine Sonntagszeitung, when asked if he was planning new models. He added that

Mark Karpeles, chief executive of Mt. Gox, attends a news conference at the Tokyo District Court in Tokyo February 28, 2014. Reuters/Yuya Shino/Files TOKYO Mark Karpeles, the former head of defunct bitcoin exchange Mt. Gox, was arrested on Saturday in connection with the disappearance of hundreds of millions of dollars worth of the virtual currency, Japanese media reports said. The French-born Karpeles, 30, is suspected of falsifying data on the outstanding balance of the exchange, at one point the world's largest hub for

The logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street is seen in this photo illustration taken in Madrid on December 10, 2014. Reuters/Sergio Perez Uber Technologies Inc has closed a new round of funding that values the online taxi-hailing company at nearly $51 billion, the Wall Street Journal reported, citing people familiar with the matter. Uber raised close to $1 billion in the round, bringing its total funding to more than $5 billion,

FRANKFURT/SAN FRANCISCO BMW (BMWG.DE) and Apple (AAPL.O) may rekindle a courtship put on hold after an exploratory visit by executives of the world's top maker of electronic gadgets to the headquarters of the word's biggest seller of premium cars. Apple Chief Executive Tim Cook went to BMW's headquarters last year and senior Apple executives toured the carmaker's Leipzig factory to learn how it manufactures the i3 electric car, two sources familiar with the talks told Reuters. The dialogue ended without conclusion

An employee works inside the office of U.S. online cab-hailing company Uber, on the outskirts of New Delhi, India, April 24, 2015. Reuters/Anindito Mukherjee REUTERS - Uber Technologies Inc will invest $1 billion in India in the next nine months, as the online taxi-hailing company looks to expand its services in its biggest market outside the United States. Uber said it would use the additional investment to improve operations, expand beyond the 18 Indian cities where it now operates, and develop new products

People talk in front of a Baidu's company logo at Baidu's headquarters in Beijing January 16, 2014. Reuters/Jason Lee Baidu Inc's (BIDU.O) quarterly profit missed analysts' estimates as China's biggest Internet search company spent heavily to diversify away from its core search advertising business, which is becoming less profitable and more competitive. Baidu's shares fell more than 8 percent in extended trading on Monday after the company's current-quarter revenue forecast also fell short of analysts' expectations. The Chinese company has been investing heavily to

A salesperson cleans next to an iPhone 6 at an Apple store in Beijing, October 17, 2014. Reuters/Jason Lee/Files BEIJING Police in Beijing have busted a factory that produced more than 41,000 fake iPhones worth as much as 120 million yuan ($19 million), including some that reached the United States, and have arrested nine suspects in the counterfeiting operation. Apple is one of the most popular brands in China, where authorities have stepped up efforts in recent years to dispel the country's

Mark Zuckerberg, founder and CEO of Facebook, addresses a gathering during the Internet.org Summit in New Delhi October 9, 2014. Reuters/Adnan Abidi/Files MUMBAI Facebook Inc plans to scale up its service to offer free basic Internet on mobile phones, an executive said, after introducing the application in 17 developing countries over the past year. In a blog post released to mark the first year of the initiative, Facebook said it will open a portal allowing any mobile operator to offer the service

REUTERS - Amazon.com Inc's shares surged more than 20 percent in early trading on Friday, adding more than $46 billion to the company's market value, after strong growth in the e-commerce giant's cloud business drove a surprise quarterly profit. The company's market capitalization soared to more than $270 billion, overtaking that of Wal-Mart Stores, the world's biggest retailer. Revenue from Amazon's cloud operations - Amazon Web Services (AWS) - nearly doubled in the second quarter, indicating that the business was poised

An AT&T Logo is pictured on the side of a building in Pasadena, California, January 26, 2015. Reuters/Mario Anzuoni WASHINGTON The No. 2 U.S. wireless carrier AT&T Inc (T.N) and the biggest satellite-TV provider DirecTV (DTV.O) became the country's largest pay-TV company on Friday, completing their $48.5 billion merger after receiving final regulatory approval. The newly expanded AT&T leapfrogs the biggest U.S. cable company Comcast Corp (CMCSA.O). The company said it will serve more than 26 million U.S. customers and more than

Delegates arrives for a special meeting of the General Council Preparatory Committee on Trade Facilitation at the World Trade Organization (WTO) headquarters in Geneva November 27, 2014. Reuters/Denis Balibouse/Files GENEVA The World Trade Organization finalised a list of 201 information technology products to be freed from import tariffs in a $1.3 trillion deal on Friday, but said it was still short of the critical mass of countries needed to put it into force. The first global tariff-cutting deal in 18 years will

A zoomed image of a computer screen showing the Amazon logo is seen in Vienna November 26, 2012. To match Special Report TAX-AMAZON/ Reuters/Heinz-Peter Bader Amazon.com Inc (AMZN.O) swung to an unexpected quarterly profit on higher sales in North America, its popular Prime subscription service and growing demand for its Web services, sending the online retailer's shares up more than 17 percent. Amazon also forecast third-quarter revenue above estimates. Sales in North America, the company's biggest market, rose 25.5 percent to $13.8 billion

It could be a match made in heaven. Wall Street says Intel Corp (INTC.O) is the best suitor for Qualcomm Inc's (QCOM.O) chip unit, if the maker of Snapdragon mobile processors decides to break itself up. "The chip deal to end all chip deals," says Cowen and Co analyst Timothy Arcuri, would give Intel's smartphone chip making business a much-needed boost. It would also allow Intel to expand its footprint in the key Chinese market. Other suitors for Qualcomm's chip business, valued at

MUMBAI With only a tiny share of the world's fastest-growing major smartphone market, Apple Inc (AAPL.O) is stepping up its push into India, with a first targeted TV advertising campaign, expanded retail network and promotional financing schemes. For years, India has been a low priority for Apple as spending power is weaker than in China, where the company's iPhones swiftly became must-have devices after their 2007 launch. But Apple is now looking to build on a 93 percent increase in its

An Apple iPhone 6 is seen on display at the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. Reuters/Mike Segar Forget that iPhone unit sales were not as strong as many had expected; that the revenue forecast fell short of the average estimate, and that there was no clarity on Apple Watch sales. Analysts, for the most part, remain as upbeat as ever on Apple Inc (AAPL.O) after investors knocked more than $65 billion

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