Technology News

Snap and NBCUniversal launch studio to produce shows for Snapchat

(Reuters) - Snap Inc, parent company of messaging and video app Snapchat, and NBCUniversal launched a joint venture studio on Tuesday to produce scripted shows and other genres to air on Snapchat. The two companies have already produced at least three shows for Snapchat in an effort to reach more viewers as mobile audiences continue to grow, including a daily news show called “Stay Tuned” and an entertainment sh...

18 Oct 12:14 AM 0 Read More...

IBM beats revenue estimates; hints at sales growth

(Reuters) - International Business Machines Corp’s (IBM.N) shift to newer businesses such as cloud and security services helped it beat analysts’ quarterly revenue estimates, and the technology major hinted at sales growth after nearly six years of declines. Shares of the Dow component rose nearly 5.1 percent to $153.93 in extended trading on Tuesday. IBM has been focusing on cloud, cybersecurity and data analyti...

17 Oct 11:25 PM 0 Read More...

Netflix adds more subscribers than expected, shares hit record

(Reuters) - Netflix Inc added more subscribers than expected around the world in the third quarter and projected growth in line with Wall Street forecasts, saying it had a head start on rivals as internet television expands globally. Shares of the world’s leading online video streaming service touched a record high on Monday and rose a further 1.2 percent after hours to $205.07. They are up about 64 percent this ye...

16 Oct 10:31 PM 0 Read More...

Netflix subscriber adds beat St. as original shows pull in new viewers

(Reuters) - Video-streaming pioneer Netflix Inc added more subscribers than expected in the third quarter as original shows such as the latest season of “Narcos” helped attract more viewers. The company added 4.45 million subscribers in its international markets in the quarter ended Sept. 30, compared with the 3.69 million analysts had expected, according to data and analytics firm FactSet. Netflix added 850,000...

16 Oct 8:26 PM 0 Read More...

Exclusive: T-Mobile, Sprint plan merger without selling assets

(Reuters) - T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter. While it is common for companies not to unveil divestitures during merger announcements, T-Mobile’s and Sprint...

16 Oct 12:08 PM 0 Read More...

BlackBerry shares down after another top exec leaves

(Reuters) - BlackBerry’s (BB.N) (BB.TO) U.S.-listed shares fell almost 4 percent to $11.12 on Monday after a second senior executive from its licensing unit quit this month. Victor Schubert, a licensing director for BlackBerry, said on Friday he had left, following on the heels of Mark Kokes, who lead BlackBerry’s overall patent strategy. Kokes joined a health technology company last month. Monetizing the company...

16 Oct 11:56 AM 0 Read More...

Toyota to test self-driving, talking cars by about 2020

TOKYO (Reuters) - Toyota Motor Corp (7203.T) on Monday said it would begin testing self-driving electric cars around 2020, which will use artificial intelligence (AI) to engage with drivers, as the company competes with tech firms to develop new vehicles. The car, whose concept model was unveiled earlier this year at the Consumer Electronics Show in Las Vegas, will be able to converse with drivers, while building up ...

16 Oct 10:01 AM 0 Read More...

Exclusive: T-Mobile, Sprint aim to announce merger without asset divestitures - sources

(Reuters) - T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter. While it is common for companies not to unveil divestitures during merger announcements, T-Mobile’s and Sprint...

15 Oct 9:14 PM 0 Read More...

IRS puts Equifax contract on hold during security review

NEW YORK (Reuters) - The U.S. Internal Revenue Service has temporarily suspended a contract worth more than $7 million it recently awarded to Equifax Inc following a security issue with the beleaguered credit reporting agency’s website on Thursday. Equifax, which disclosed last month that cyber criminals breached its systems between mid-May and late July and made off with sensitive data on 145.5 million people, sai...

13 Oct 5:31 PM 0 Read More...

Social media firms summoned to U.S. Congressional hearings on Russia

WASHINGTON (Reuters) - Representatives of Facebook, Twitter and Google have been asked to appear on Nov. 1 at hearings on alleged Russian interference in U.S. politics called by the U.S. Senate and House Intelligence Committees, officials said. Facebook and Twitter have already agreed to send representatives to the Senate committee hearing, a Congressional official said. An official knowledgeable about House committ...

13 Oct 3:38 PM 0 Read More...