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Daily Current Technology News - Reuter's Technology News

 Fri, 24 Oct 2014 11:31:23 GMT

Ericsson flags North America slowdown
Fri, 24 Oct 2014 11:27:55 GMTSTOCKHOLM (Reuters) - Mobile telecoms gear maker Ericsson said on Friday a slowdown in North America created uncertainty over fourth quarter sales as operators cut spending after big investments in high-speed networks.

Apple CEO says had 'very open' privacy talks in China: Xinhua
Fri, 24 Oct 2014 09:42:51 GMTBEIJING (Reuters) - Apple Inc Chief Executive Tim Cook was quoted on Friday as saying he had "very open" talks on privacy and security with a senior Chinese official, days after a web monitoring group linked the government to a hack into Apple's iCloud service in China.

China Telecom, Unicom to build content delivery firm: Chinese paper
Fri, 24 Oct 2014 05:23:16 GMT(Reuters) - China Telecom Corp Ltd and China Unicom Hong Kong Ltd could soon jointly invest in a new content delivery network (CDN) company that would speed up Chinese users' Internet access, a Chinese paper reported on Friday.

Digital River to be acquired by investor group for $840 million
Fri, 24 Oct 2014 01:29:16 GMT(Reuters) - E-commerce services provider Digital River Inc said on Thursday it entered into an agreement to be acquired by an investor group led by Siris Capital Group LLC for about $840 million.

Fewer-than-expected listeners tune in to Pandora in third quarter
Fri, 24 Oct 2014 01:27:32 GMT(Reuters) - Pandora Media Inc, operator of the leading Internet radio service, reported a lower-than-expected increase in listeners in the third quarter, sending the company's shares down 8 percent in extended trading on Thursday.

Airbnb valued at $13 billion as it discusses employee stock sale: WSJ
Fri, 24 Oct 2014 01:23:29 GMT(Reuters) - Online home-rental marketplace Airbnb Inc valuation is set to be valued at $13 billion, up from its $10 billion valuation in March this year, as it discusses an employee stock sale, according to a report by the Wall Street Journal.

America Movil profit drops on higher tax and forex loss
Fri, 24 Oct 2014 00:16:21 GMTMEXICO CITY (Reuters) - Mexico's America Movil said on Thursday its third-quarter net profit fell 38 percent compared with a year earlier, missing expectations as taxes and exchange rate losses rose.

Google commits to $1 billion in long-term office leases
Thu, 23 Oct 2014 23:44:03 GMTSAN FRANCISCO (Reuters) - Google Inc said it is committed to spending $1 billion to lease office buildings over the next 13 to 14 years.

Microsoft sales beat Street hopes, cloud profits up
Thu, 23 Oct 2014 23:17:19 GMTSEATTLE (Reuters) - Microsoft Corp reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins largely intact.

America Movil third-quarter profit drops 38 percent, tax burden up
Thu, 23 Oct 2014 22:54:52 GMTMEXICO CITY (Reuters) - Mexico's America Movil on Thursday said its third-quarter net profit fell 38 percent compared to a year earlier as taxes rose and the cost of sales jumped.

Amazon's holiday-quarter forecast disappoints, shares dive
Thu, 23 Oct 2014 22:44:25 GMTSAN FRANCISCO (Reuters) - Inc's sales projections for the crucial holiday quarter disappointed Wall Street and third-quarter results missed forecasts, sending the online retailer's shares 9 percent lower on Thursday.

Fewer-than-expected listeners tune in to Pandora in third quarter
Thu, 23 Oct 2014 21:48:11 GMT(Reuters) - Pandora Media Inc , operator of the leading Internet radio service, reported a lower-than-expected increase in listeners in the third quarter, sending the company's shares down 6 percent in extended trading on Thursday.

Synaptics revenue misses on weak demand from smartphone makers
Thu, 23 Oct 2014 20:40:04 GMT(Reuters) - Touchscreen chip maker Synaptics Inc reported lower-than-expected first-quarter revenue and adjusted profit, hurt by weak demand from smartphone makers, sending its shares down 8.5 percent in extended trading.

Apple ponders sapphire options, leaves door open for GT
Thu, 23 Oct 2014 20:32:34 GMT(Reuters) - Apple Inc said on Thursday it is studying options for sapphire supply and might work again with GT Advanced Technologies Inc if the distressed supplier can reduce production costs for the scratch-resistant material.

Qlik revenue rises 26 percent on demand for business analytics software
Thu, 23 Oct 2014 20:26:29 GMT(Reuters) - Qlik Technologies Inc reported a 26 percent rise in quarterly revenue, helped by demand for its business analytics software and an increase in license and maintenance deals.

U.S. senator asks Internet providers to commit to no 'fast lanes'
Thu, 23 Oct 2014 17:33:56 GMTWASHINGTON (Reuters) - U.S. Senate Judiciary Committee Chairman Patrick Leahy on Thursday pressed large Internet providers to pledge that they will not strike deals that may help some websites load faster than others or give similar "fast lanes" to affiliated services.

Google bolsters artificial intelligence efforts, partners with Oxford
Thu, 23 Oct 2014 16:40:37 GMTSAN FRANCISCO (Reuters) - Google Inc is expanding its artificial intelligence initiative, hiring more than half a dozen leading academics and experts in the field and announcing a partnership with Oxford University to "accelerate" its efforts.

Check Point third-quarter profit beats estimates, raises 2014 forecast
Thu, 23 Oct 2014 14:19:28 GMTTEL AVIV (Reuters) - Network security provider Check Point Software Technologies reported quarterly profit that topped expectations and raised its full-year forecast on strong demand for its threat prevention and other software subscriptions.

GrubHub revenue jumps as more customers order food online
Thu, 23 Oct 2014 13:46:52 GMT(Reuters) - GrubHub Inc reported a more than five-fold jump in quarterly profit as more consumers used the online food-order-and-delivery company to order meals.




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