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Showing posts from January, 2018

Alibaba-backed online lender MYbank owes cost-savings to home-made tech

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HANGZHOU, China (Reuters) - It has no physical branches or expensive foreign software, and uses cloud technology to cut back on the hardware it needs to serve borrowers. from Reuters: Technology News http://ift.tt/2Gyp8Z4

Facebook forecasts rising ad sales despite dip in usage

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(Reuters) - Facebook Inc offered reassurances to investors on Wednesday that its digital ad business would remain highly profitable, despite a dip in usage on the social media network and an overhaul of its flagship News Feed. from Reuters: Technology News http://ift.tt/2rTIbdf

Nintendo to produce Super Mario animation film with Illumination

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TOKYO (Reuters) - Japanese videogames maker Nintendo Co Ltd said on Thursday it would team with U.S. film studio Illumination Entertainment to produce an animation film using its Super Mario Bros characters. from Reuters: Technology News http://ift.tt/2rWWCx3

With Samsung deal, Qualcomm doubles down on licensing practices

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(Reuters) - Qualcomm Inc on Wednesday aimed to show shareholders that its licensing practices still have a future after having come under scrutiny from antitrust regulators around the world as well as from major customer Apple Inc. from Reuters: Technology News http://ift.tt/2BIdtDt

China's Lenovo swings to third quarter loss on U.S. tax reform, says outlook challenging

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HONG KONG (Reuters) - Chinese personal computer maker Lenovo Group swung to a loss in the third quarter from a year-ago profit, hurt mainly by a one-off charge of $400 million resulting from a U.S. tax reform, and said the short-term outlook was challenging. from Reuters: Technology News http://ift.tt/2BHSIaQ

The Evolution of Ransomware

PayPal's shares fall after eBay announces new payment partner

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(Reuters) - PayPal Holdings Inc's shares fell as much as 12 percent in after-hours trading on Wednesday after former parent company eBay Inc said it had signed up a new primary payment processor. from Reuters: Technology News http://ift.tt/2GB5DPy

China's Lenovo posts third-quarter loss due to U.S. tax reform

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HONG KONG (Reuters) - Chinese personal computer maker Lenovo Group reported a quarterly loss of $289 million on Thursday against a $98 million profit a year earlier, due mainly to a one-off charge of $400 million resulting from U.S. tax reform. from Reuters: Technology News http://ift.tt/2FyBGP9

Qualcomm profit beats estimates but weak China mobile sales weigh on outlook

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(Reuters) - Chipmaker Qualcomm Inc's profit and revenue beat expectations as demand surged for its chips used in smartphones and cars, but an earnings forecast for the current quarter fell below analysts' estimates due to tepid mobile sales in China. from Reuters: Technology News http://ift.tt/2rWpupe

Facebook shares rebound after optimism about ad revenue

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(Reuters) - Facebook Inc shares rose after hours on Wednesday after the social media network said that fewer hours spent on its flagship News Feed might would not necessarily hurt its highly profitable digital advertising business. from Reuters: Technology News http://ift.tt/2EuccTJ

Symantec's revenue misses and forecast disappoints, shares fall

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(Reuters) - Norton antivirus software maker Symantec Corp reported third-quarter revenue below analysts' estimates, hurt by lower sales in its enterprise security division, and cut its profit and revenue forecasts for 2018. from Reuters: Technology News http://ift.tt/2GA2orF

Microsoft's cloud computing business grows, stock edges up

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(Reuters) - Microsoft Corp beat Wall Street's profit forecast on Tuesday, helped by growth in its cloud computing business, but took a $13.8 billion one-time charge due to the new U.S. tax law. from Reuters: Technology News http://ift.tt/2DQkAvB

AT&T profit beats, CEO upbeat on Time Warner deal

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NEW YORK (Reuters) - AT&T Inc reported quarterly profit that beat analysts' estimates on Wednesday, helped by tax cuts and new wireless subscribers, and its chief executive voiced confidence the company will complete its $85.4 billion acquisition of Time Warner Inc . from Reuters: Technology News http://ift.tt/2EpDGcR

EBay website tweaks drive strong holiday sales, shares jump

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(Reuters) - EBay Inc posted higher revenue for the key holiday quarter on Wednesday after tweaks to its websites and a focus on marketing drew more shoppers to its marketplaces. from Reuters: Technology News http://ift.tt/2DQK4No