Reuters - Technology Report

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Wednesday, April 27, 2016

Facebook revenue beats estimates as mobile ad sales surge

(Reuters) - Facebook Inc reported a better-than-expected 51.9 percent rise in quarterly revenue as its increasingly popular mobile app and push into live video continued to attract new advertisers and encouraged existing ones to boost spending.

PayPal revenue jumps as it adds users, processes more payments

(Reuters) - PayPal Holdings Inc's quarterly revenue rose 19 percent as the company added customers and processed more digital payments on its network.

FBI will not share iPhone unlocking mechanism, cites lack of ownership

WASHINGTON (Reuters) - The U.S. Federal Bureau of Investigation said on Wednesday it did not own the rights to the technical method a contractor used to open an Apple iPhone used by one of the San Bernardino shooters and therefore could not submit details of the mechanism for an interagency government review.

Yahoo to add four directors to board in deal with Starboard

(Reuters) - Yahoo Inc on Wednesday agreed to add four new independent directors to its board, bowing to pressure from activist hedge fund Starboard Value LP and averting a proxy fight ahead of its upcoming annual meeting.

After massive drop, is Apple cheap enough?

NEW YORK (Reuters) - If Apple could cash in the value it lost in the first minute of trading on Wednesday, it would be nearly enough to buy General Motors, Target or Caterpillar.

Social media users upbeat on Facebook; gloomy on Apple, Twitter

(Reuters) - Social media sentiment for Apple Inc and Twitter Inc dropped sharply on Wednesday, a day after the companies reported disappointing quarterly earnings, while online circles remained confident about Facebook Inc , which is scheduled to post results after the market closes.

VMware's EVP for cloud services business leaving company

(Reuters) - Software maker VMware Inc said on Wednesday Bill Fathers, executive vice president and general manager of its cloud services business unit, will leave the company, effective May 3.

AT&T exec says Internet of Things is a top priority

HANOVER, Germany (Reuters) - U.S. telecoms provider AT&T is betting it can carve out a significant business in connecting objects with one another, the head of that unit told Reuters in an interview, as it seeks new revenue sources in an oversaturated wireless market.

Apple, ANZ Bank strike deal to bring Apple Pay to Australia

SYDNEY (Reuters) - Apple Inc expanded its Apple Pay digital wallet in Australia on Thursday after ANZ became the country's first bank to support the mobile payment service, executives at the pair told Reuters.

Amid talk of 'peak iPhone', Apple's prospects hinge on next model

(Reuters) - Ask Siri if iPhone 7 will be the answer to Apple Inc's problems, and you're told that a visit to Apple's website should answer that question "and more".