Reuters - Technology Report

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Wednesday, October 21, 2015

Ebay profit beats, shares jump after-hours

(Reuters) - EBay Inc reported quarterly revenue and profit above analysts' average estimate on Wednesday as its marketplaces business performed better than expected, sending its shares soaring in after-hours trading.

Western Digital to buy SanDisk in $19 billion deal

(Reuters) - Hard-disk drive maker Western Digital Corp agreed to buy SanDisk Corp in a $19 billion deal that will greatly increase its ability to make flash memory storage chips used in smartphones and tablets.

YouTube offers U.S. subscribers paid option with no ads

LOS ANGELES (Reuters) - Alphabet Inc's YouTube will launch a $10-a-month subscription option in the United States on Oct. 28 that will allow viewers to watch videos from across the site without interruption from advertisements, the company said on Wednesday.

AT&T says third-quarter consensus revenue estimates 'inflated'

(Reuters) - AT&T Inc said on Wednesday that consensus revenue estimates for its third-quarter were "inflated" as they differed from its own accounting, which includes results from DirecTV, acquired by the No. 2 U.S. wireless carrier in July.

Amazon.com escapes trademark suit after appeals court reverses itself

NEW YORK (Reuters) - Amazon.com Inc did not violate the trademarks of a high-end watchmaker by offering alternative brands with similar styles in its search results, a federal appeals court ruled on Wednesday.

NY federal prosecutor probes daily fantasy sports business: WSJ

(Reuters) - Manhattan U.S. Attorney Preet Bharara is investigating whether the business model behind daily fantasy sports companies such as DraftKings Inc and FanDuel Inc violates federal law, the Wall Street Journal reported.

Intel says may invest up to $5.5 billion in China memory chip plant

(Reuters) - Intel Corp said it may invest up to $5.5 billion in manufacturing semiconductors in China, stepping up efforts to improve ties with Beijing as it seeks new revenue streams while demand for its core computer processing chips falters.

Twitter to allow users to create polls

(Reuters) - Twitter Inc said it is rolling out a service that would allow users to run polls on their profile, in a bid to improve user engagement on the microblogging service.

Theranos CEO says company's underlying technology is sound

(Reuters) - Theranos Chief Executive Elizabeth Holmes fought back on Wednesday against accusations that the technology at the heart of the blood-testing startup has grave flaws.

Angry Birds maker Rovio to cut 213 jobs and spin off learning business

HELSINKI (Reuters) - Finland's Rovio, maker of hit mobile phone game Angry Birds, said it will axe about a third of its workforce and will spin off its learning business to focus on games, media and consumer products.