Technology News

U.S. to spare Apple watch, many gadgets from new China tariffs

(Reuters) - The United States will spare Apple Inc’s Watch and other consumer gadgets from the latest round of tariffs on Chinese goods, a senior administration official said in a last-minute reprieve for the technology industry on Monday. The administration’s proposal for the tariffs on $200 billion of products drew protest from technology companies earlier this year, but the final list of taxed devices describe...

17 Sep 11:47 PM 0 Read More...

Oracle first-quarter revenue misses estimates, shares fall

(Reuters) - Oracle Corp (ORCL.N) on Monday reported first-quarter revenue that narrowly missed analysts’ estimates, suggesting that the business software maker was struggling to make inroads in the highly competitive cloud computing market. Shares of Oracle fell 4 percent to $47.30 in extended trading as the company’s biggest unit, which houses its cloud services business, also reported disappointing sales. Reve...

17 Sep 10:41 PM 0 Read More...

Elon Musk's SpaceX to name first passenger for moon voyage

LOS ANGELES (Reuters) - SpaceX, Elon Musk’s space transportation company, was set on Monday to name the first private passenger who will take a trip around the moon aboard its forthcoming Big Falcon Rocket spaceship, taking the race to commercialize space travel to new heights. SpaceX said it will name the first passenger to travel to the moon since the United States’ Apollo missions ended in 1972 at an event Mon...

17 Sep 10:24 PM 0 Read More...

Oracle first-quarter revenue misses, shares fall

(Reuters) - Business software maker Oracle Corp (ORCL.N) on Monday missed revenue estimates for the first quarter, as sales in its cloud services and license support unit disappointed, sending its shares down 5 percent in extended trading. Revenue from the unit, its biggest division by sales, rose 3.2 percent to $6.61 billion, missing the average analyst estimate of $6.71 billion, according to Thomson Reuters I/B/E/S...

17 Sep 8:36 PM 0 Read More...

Boeing unit launches new military drone

(Reuters) - Insitu Inc, a unit of Boeing Co, on Monday launched a military drone enabled with satellite communications and an extended range of operations aiming to land both U.S. and international customers. The Integrator Extended Range, which features high-quality full motion video during flight and more secure jam-resistant networks, would deliver “significantly reduced cost” compared with other contracted me...

17 Sep 7:17 PM 0 Read More...

U.S. to spare some Apple products from latest China tariffs: Bloomberg

(Reuters) - The United States will spare some technology products including Apple Inc’s (AAPL.O) Watch and AirPods from the next round of tariffs it is imposing on Chinese goods, Bloomberg reported on Monday, citing two people familiar with the matter. A product code that covers the Apple goods and similar smart watches and fitness trackers made by competitors including Fitbit Inc (FIT.N) is not on the list of Chi...

17 Sep 6:44 PM 0 Read More...

Uber in talks to buy Dubai ride-hailing rival Careem: Bloomberg

(Reuters) - Ride-hailing company Uber Technologies Inc [UBER.UL] is in talks to buy Dubai-based rival Careem Networks FZ for about $2 billion to $2.5 billion, Bloomberg reported on Monday, citing people familiar with the matter. No final decisions have been made, and the companies may decide against the transaction, according to Bloomberg. Uber and Careem held preliminary talks in July to combine their Middle Easte...

17 Sep 5:56 PM 0 Read More...

Qualcomm, Apple kick off second trial seeking iPhone import ban

(Reuters) - A second trial between Apple Inc (AAPL.O) and Qualcomm Inc (QCOM.O) before the U.S. International Trade Commission began Monday in Washington, D.C., with the iPhone maker squaring off against the world’s biggest mobile chipmaker over whether Apple should be banned from importing several recent iPhone models to the United States. Apple and Qualcomm are locked in a wide-ranging legal dispute in which Appl...

17 Sep 5:34 PM 0 Read More...

Uber in talks to buy Dubai riding-hailing rival Careem: Bloomberg

(Reuters) - Ride-hailing company Uber Technologies Inc is in talks to buy Dubai-based rival Careem Networks FZ for about $2 billion to $2.5 billion, Bloomberg reported on Monday, citing people familiar with the matter. No final decisions have been made, and the companies may decide against the transaction, Bloomberg reported. Uber and Careem held preliminary talks in July to combine their Middle Eastern ride-hailin...

17 Sep 3:40 PM 0 Read More...

Exclusive: Bayer puts stake in chemical park operator up for sale - sources

FRANKFURT (Reuters) - Bayer is inviting financial investors to bid for its 60 percent stake in chemical park operator Currenta after initially failing to agree a sale to its former chemicals subsidiary Covestro, three people familiar with the matter told Reuters. Bayer, which is focusing on healthcare and crop protection after the takeover of U.S. seed maker Monsanto, has mandated Morgan Stanley to help with the tran...

17 Sep 1:57 PM 0 Read More...