Reuters - Technology Report

Click to View in Browser

Thursday, July 23, 2015

Qualcomm's potential break-up could lead to courtship with Intel

Wall Street says Intel Corp is the best suitor for Qualcomm Inc's chip unit, if the maker of Snapdragon mobile processors decides to break itself up.

Amazon swings to quarterly profit as North America sales grow

(Reuters) - E-commerce company Amazon.com Inc swung to a quarterly profit, helped by higher sales in North America and growth in its web services business, sending its shares up 17.5 percent in extended trading.

Exclusive: U.S. Treasury's intelligence network vulnerable to hack - audit

WASHINGTON (Reuters) - Lax security left the U.S. Treasury's computer system for tracking overseas threats to America's financial system vulnerable to hackers, according to a government audit prepared in late 2014 and obtained by Reuters.

Toronto cab drivers sue to halt Uber; seek C$400 million in damages

TORONTO (Reuters) - Toronto taxi drivers are launching a class-action lawsuit against ride-sharing company Uber Technologies Inc [UBER.UL], seeking more than C$400 million ($307.27 million) in damages and an injunction to stop it operating in the Canadian province of Ontario.

Video app Meerkat to allow live-streaming from GoPro cameras

(Reuters) - Users of GoPro Inc's high-end cameras will be able to directly stream video shot by their cameras onto live-streaming video app Meerkat.

Apple's India test: how to gain volume and meet aspiration

MUMBAI (Reuters) - With only a tiny share of the world's fastest-growing major smartphone market, Apple Inc is stepping up its push into India, with a first targeted TV advertising campaign, expanded retail network and promotional financing schemes.

Pandora raises full year forecast on higher ad sales

(Reuters) - Online music streaming company Pandora Media Inc raised its full year forecast and reported better-than-expected second quarter revenue as it signed up more subscribers and increased its advertising revenue.

Qualcomm slashes jobs and costs, says may split itself up

(Reuters) - Chipmaker Qualcomm Inc said it may break itself up as it delivered its third profit warning this year and announced plans to slash jobs and spending in the face of rising competition.

Comcast posts in-line results as Internet, NBC Universal units grow

NEW YORK (Reuters) - Comcast Corp, the largest U.S. cable operator, posted in-line second-quarter results, as its high-speed Internet and NBC Universal businesses grew amid a drop in pay-TV subscriber departures.

Wal-Mart buys out China e-commerce firm Yihaodian in online push

SHANGHAI (Reuters) - Wal-Mart Stores Inc has taken full ownership of Chinese e-commerce firm Yihaodian.com, buying out the 49 percent stake that it did not already own to accelerate its push online, the U.S. retail giant said on Thursday.