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  • Nokia to name Rajeev Suri as next CEO on Tuesday - report

    Nokia to name Rajeev Suri as next CEO on Tuesday - report

    Nokia, which is set to close the sale of its phone business to Microsoft, will on Tuesday name Rajeev Suri as its next CEO and outline its new strategy with a focus on its networks equipment business, a newspaper said on Friday. Citing unnamed sources, daily Helsingin Sanomat said Nokia would also on Tuesday, along with its first-quarter results, announce how much cash it would pay out to shareholders. Investors have been looking forward to … More »

    44 minutes ago
  • Internet industry seen as winner at global conference in Brazil

    Internet industry seen as winner at global conference in Brazil

    By Esteban Israel SAO PAULO (Reuters) - Big Internet companies were the clear winners at a global conference hosted by Brazil on the future management of the Web where most participants agreed it should remain a self-regulated space free of government intervention. Convened by President Dilma Rousseff after revelations of U.S. surveillance undermined trust in the Internet, the NETmundial conference concluded that governments, companies, … More »

    2 hours 0 minutes ago
  • Baidu forecasts stronger-than-expected second-quarter revenue

    Baidu forecasts stronger-than-expected second-quarter revenue

    Chinese Internet company Baidu Inc forecast better-than-expected revenue for the second quarter, sending shares up 5 percent in after-hours trading. Baidu said revenue in the second quarter will range between 11.820 billion yuan ($1.901 billion) and 12.110 billion yuan ($1.948 billion). Analysts polled by Thomson Reuters I/B/E/S were looking for second-quarter revenue of 11.573 billion yuan. Baidu said it saw strength in its core online … More »

    2 hours 8 minutes ago
  • Internet governance debated in Brazil

    Internet governance debated in Brazil

    SAO PAULO (AP) — An international two-day conference in Brazil came to a close Thursday night with a call for an effective, legitimate and evolving framework for Internet governance. … More »

    3 hours ago
  • Google social networking boss Gundotra leaving company

    Google social networking boss Gundotra leaving company

    By Alexei Oreskovic SAN FRANCISCO (Reuters) - Google Inc's head of social networking services, Vic Gundotra, is leaving the Internet search company, he said on Thursday, three years after overseeing the launch of the Google+ social network. Gundotra, who has worked at Google for eight years, announced the move in a Google+ post. "We pour our heart and soul into our work and it becomes something we love and cherish," Gundotra wrote. … More »

    3 hours ago
  • New Microsoft CEO Nadella impresses Wall Street, stresses challenges

    New Microsoft CEO Nadella impresses Wall Street, stresses challenges

    By Bill Rigby SEATTLE (Reuters) - Microsoft Corp's new chief executive on Thursday won rave reviews for his first public encounter with Wall Street analysts who said he communicated willingness to transform the world's largest software company as it scrambles to catch up in the mobile-computing era. Marking the first time in five years that a Microsoft chief executive joined a quarterly earnings conference call, veteran insider Satya Nadella, … More »

    3 hours ago
  • Netflix makes deals to appear on first U.S. cable boxes

    Netflix makes deals to appear on first U.S. cable boxes

    By Lisa Richwine and Liana B. Baker LOS ANGELES/NEW YORK (Reuters) - Netflix Inc's streaming video subscription service will be integrated into TiVo Inc set-top boxes for customers of three of the smaller U.S. cable operators, the companies said on Thursday. The deals with Atlantic Broadband, Grande Communications and RCN Telecom Services are the first in the United States to bring Netflix as an app to cable set-top boxes. The arrangements … More »

    4 hours ago
  • Facebook courts journalists with newswire tool

    Facebook courts journalists with newswire tool

    Facebook said on Thursday that it has created a newswire tool tailored to journalists, part of a broader effort to be the go-to place for conversation for its 1 billion users. Called FB Newswire, it is designed to help journalists share and embed newsworthy Facebook content that is made public by its members such as photos, status updates and videos. "News is finding a bigger audience on Facebook than ever before, and journalists and media … More »

    4 hours ago
  • Google, Apple settle high-tech workers' lawsuit

    Google, Apple settle high-tech workers' lawsuit

    SAN FRANCISCO (AP) — Google, Apple, Intel and Adobe Systems have settled a class-action lawsuit alleging they conspired to prevent their engineers and other highly sought technology workers from getting better job offers from one another. … More »

    5 hours ago
  • Baidu rebrands online finance service, introduces loans

    Baidu rebrands online finance service, introduces loans

    Baidu today officially rebranded its financial services branch changing the name from "Baidu Licai" to "Baidu Jinrong" … More »

    5 hours ago
  • Visa says revenue growth to slow, Russia sanctions hurting volumes

    Visa says revenue growth to slow, Russia sanctions hurting volumes

    Visa Inc , the world's largest credit and debit card company, said U.S. sanctions on Russia were hurting its card transaction volumes and that revenue growth would slow further this quarter, sending its shares down 5 percent after the bell. Visa's quarterly revenue growth slid to a single digit in percentage terms for the first time in more than four years, due to a strong U.S. dollar. The company and rival MasterCard Inc stopped providing … More »

    6 hours ago
  • Amazon's revenue increases even as spending rises

    Amazon's revenue increases even as spending rises

    By Deepa Seetharaman SAN FRANCISCO (Reuters) - Amazon.com Inc's revenue grew more than expected for the first quarter, largely offset by a sharp increase in spending on technology, content and new warehouses as the e-commerce company branches into new businesses. Amazon's international unit, which accounts for 40 percent of sales, continued to be a drag as sales growth slowed to 18 percent during the quarter. Global unit sales, a closely … More »

    7 hours ago
  • Cloud strength helps Microsoft earnings top Street

    Cloud strength helps Microsoft earnings top Street

    Results from Microsoft's first quarterly earnings release under new CEO Satya Nadella offered fresh justification for his focus on cloud computing. Microsoft Corp. on Thursday posted net income and revenue ... … More »

    7 hours ago
  • Starbucks eyes soda and lunch as US sales climb

    Starbucks eyes soda and lunch as US sales climb

    NEW YORK (AP) — Starbucks keeps finding ways to squeeze more money out of people. … More »

    7 hours ago
  • Microsoft beats Wall Street on new CEO debut

    Microsoft beats Wall Street on new CEO debut

    By Bill Rigby SEATTLE (Reuters) - Microsoft Corp's new chief executive got off to a winning start with Wall Street on Thursday as the world's largest software company eased past analysts' profit estimates despite the pressure of falling computer sales. Microsoft shares are up about 8 percent since company veteran Satya Nadella took over as CEO in early February, and are up 19 percent since his predecessor Steve Ballmer announced plans to … More »

    8 hours ago
  • Oregon moves to dump health exchange website

    Oregon moves to dump health exchange website

    PORTLAND, Ore. (AP) — Oregon, once expected to be a national leader in the federal health care overhaul, on Thursday moved to become the first state to dump its troubled online health exchange and use the federal marketplace instead. … More »

    8 hours ago
  • Apple, Google agree to pay over $300 million to settle conspiracy lawsuit

    Apple, Google agree to pay over $300 million to settle conspiracy lawsuit

    By Dan Levine SAN FRANCISCO (Reuters) - Four major tech companies including Apple and Google have agreed to pay a total of $324 million to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, sources familiar with the deal said, just weeks before a high profile trial had been scheduled to begin. The settlement was disclosed in a court filing earlier on Thursday, which did not spell out terms. Tech workers … More »

    8 hours ago
  • Apple, Google agree to settle lawsuit alleging hiring conspiracy

    Apple, Google agree to settle lawsuit alleging hiring conspiracy

    By Dan Levine SAN FRANCISCO (Reuters) - Four major tech companies including Apple and Google have agreed to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, just weeks before a high profile trial had been scheduled to begin. The settlement was disclosed in a court filing on Thursday, which did not spell out terms. The case has been closely watched due to the potentially high damages award and a steady … More »

    9 hours ago

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