Posts

Pandora to cut 5 percent of jobs

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(Reuters) - Pandora Media Inc will cut 5 percent of its workforce and take other measures to save costs, as it battles intense competition in the online music streaming market. from Reuters: Technology News http://ift.tt/2GBuxyu

Waymo's self-driving tests in California have fewest human interventions

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SAN FRANCISCO (Reuters) - Waymo, the self-driving arm of Alphabet Inc , is out ahead of rivals based on a key measure of autonomous driving performance, according to a report released on Wednesday by the California Department of Motor Vehicles. from Reuters: Technology News http://ift.tt/2rUcn7U

Qualcomm earnings top estimates on surge in modem chip sales

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(Reuters) - Chipmaker Qualcomm Inc's earnings and revenue exceeded Wall Street forecasts for the first fiscal quarter as demand surged for its chips used in smartphones and cars, making up for a fall in licensing revenue. from Reuters: Technology News http://ift.tt/2BI4LFt

Germany's Software AG names Sanjay Brahmawar as new CEO

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(Reuters) - German software group Software AG said it appointed Sanjay Brahmawar as the new chief executive of the company, effective later this year. from Reuters: Technology News http://ift.tt/2nqYcmq

Ebay posts loss for holiday quarter as it books $3.1 billion tax charge

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(Reuters) - EBay Inc posted a loss for the key holiday quarter on Wednesday as it booked a $3.1 billion charge from the recent changes in U.S. tax laws. from Reuters: Technology News http://ift.tt/2GB2n6L

Twitter notifies more users exposed to Russian propaganda

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(Reuters) - Twitter Inc said on Wednesday it had expanded notifications to about 1.4 million people, who were exposed to content generated by a suspected Russian propaganda service. from Reuters: Technology News http://ift.tt/2nqpOYI

Facebook stock falls 4 percent as user time dips, revenue growth slows

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(Reuters) - Facebook Inc said on Wednesday that time spent on the social network fell at the end of last year by about 50 million hours a day, even before the company made changes to its flagship News Feed that may further reduce user engagement. from Reuters: Technology News http://ift.tt/2GznfLH

Microsoft takes big tax charge, stock falls

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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/2E3cpPD

PayPal's fourth-quarter profit beats estimates, but forecast disappoints

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(Reuters) - Payments processor PayPal Holdings Inc's fourth-quarter profit topped analysts' forecasts on strength in its merchant services business, but the company gave a disappointing forecast for first-quarter earnings, sending its shares lower. from Reuters: Technology News http://ift.tt/2rUWvCf

Symantec's revenue misses estimates as enterprise segment sales fall

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(Reuters) - Symantec Corp's quarterly revenue missed estimates, hurt by lower sales at its enterprise security division, and the company lowered its profit and revenue forecast for 2018. from Reuters: Technology News http://ift.tt/2GC1afM

Microsoft reports better-than-expected quarterly revenue, profit

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(Reuters) - Microsoft Corp reported better-than-expected quarterly revenue and profit on Wednesday, helped by robust demand for its cloud computing services and flagship Azure product, which has recorded dramatic growth over several quarters. from Reuters: Technology News http://ift.tt/2E4VJHK

Facebook's user engagement dips on News Feed tweaks; shares fall

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(Reuters) - Facebook Inc reported slightly slower-than-expected growth in daily active users in the latest quarter and said changes made to the News Feed reduced the time spent by users by about 50 million hours every day. from Reuters: Technology News http://ift.tt/2npQWXH

AT&T quarterly profit tops estimates, shares rise

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NEW YORK (Reuters) - AT&T Inc said on Wednesday that quarterly profit beat Wall Street analyst estimates, helped by impacts from tax cuts and wireless subscriber additions. from Reuters: Technology News http://ift.tt/2FzVBNh