Technology News

Softbank Group in talks to buy 5% stake in Wirecard: Bloomberg

(Reuters) - Japan’s SoftBank Group Corp is looking to acquire a 5 percent stake in German payments company Wirecard AG, Bloomberg reported on Tuesday, citing people familiar with the matter. Softbank has engaged financial advisers and is working on a deal to acquire bonds that can be converted into Wirecard shares, Bloomberg reported, citing sources. A deal could be announced as early as this month, if an agreement...

23 Apr 8:49 PM 0 Read More...

Trump met with Twitter chief executive on Tuesday: White House

WASHINGTON (Reuters) - U.S. President Donald Trump met with Twitter Inc’s Chief Executive Jack Dorsey on Tuesday, the White House confirmed, hours after Trump again attacked the social media company. Earlier on Tuesday, Trump suggested Twitter was biased against him without providing evidence. He wrote on Twitter that the company does not “treat me well as a Republican. Very discriminatory.” Twitter did not im...

23 Apr 8:46 PM 0 Read More...

Texas Instruments revenue, profit beat estimates; shares rise

(Reuters) - Chipmaker Texas Instruments reported better-than-expected first-quarter profit and revenue on Tuesday, offering hope that a slowdown in demand for microchips late last year may not be as long-lasting as feared. The company, which makes a broad variety of chips that go into many devices, also forecast strong second-quarter revenue and profit, sending its shares up over 5 percent after the bell. Chipmakers ...

23 Apr 8:38 PM 0 Read More...

Google completes subsea cable to Chile in global cloud push

SANTIAGO (Reuters) - Alphabet Inc’s Google has completed a 10,000-kilometer (6,214-mile) subsea cable linking the coast of California to Chile, a key step in its plans to bolster its global cloud computing infrastructure. The cable, dubbed the “Curie” project, arrived at the Chilean port of Valparaiso on Tuesday, Google said in a post on their regional website. The cable starts in Los Angeles before making its ...

23 Apr 8:36 PM 0 Read More...

FAA paves way for Alphabet unit to make first U.S. drone deliveries

WASHINGTON (Reuters) - Alphabet Inc’s Wing Aviation unit on Tuesday got the okay to start delivering goods by drone in Virginia later this year, making the sister unit of search engine Google the first company to get U.S. air carrier certification, the Federal Aviation Administration said. This means Wing can begin a commercial service delivering goods from local businesses to homes, which includes flights beyond v...

23 Apr 7:02 PM 0 Read More...

Lyft's IPO banks give troubled stock a flurry of 'buy' ratings

(Reuters) - Lyft Inc received some badly needed support on Tuesday, as analysts at banks that had worked on its initial public offering urged clients to buy the ride-hailing company’s beleaguered shares. Following the required 25-day wait for deal underwriters to issue an investment opinion following an IPO, at least 10 of the banks that brought Lyft public gave positive recommendations on a stock that has slump...

23 Apr 6:37 PM 0 Read More...

China's Tencent backs Argentina mobile banking startup Uala

BUENOS AIRES (Reuters) - Chinese tech giant Tencent Holdings Ltd has invested in Argentine mobile banking service Uala, which also counts George Soros and Point72 Ventures LLC among its investors, the start-up’s founder said. Uala founder Pierpaolo Barbieri said the company planned to collaborate with the Chinese social media-to-gaming giant to further develop its app. He declined to disclose the amount of invest...

23 Apr 6:18 PM 0 Read More...

Chinese tech giant Tencent invests in Argentine mobile banking startup

BUENOS AIRES (Reuters) - Chinese tech giant Tencent Holdings Ltd has invested in Argentine mobile banking service Uala, which also counts George Soros and Point72 Ventures LLC among its investors, the start-up’s founder said. Uala founder Pierpaolo Barbieri said the company planned to collaborate with the Chinese social media-to-gaming giant to further develop its app. He declined to disclose the amount of Tencen...

23 Apr 5:00 PM 0 Read More...

Twitter shares jump after results, Trump renews attack

NEW YORK (Reuters) - Twitter Inc posted better-than-expected quarterly revenue and a surprise increase in monthly users on Tuesday, sending shares up 13 percent to a nine-month high as its campaign to clean up fake and abusive accounts continued to attract advertisers. The microblogging site’s results caught the attention of U.S. President Donald Trump, a prolific tweeter with nearly 60 million followers, who call...

23 Apr 4:58 PM 0 Read More...

Verizon raises profit forecast, loses more phone subscribers

(Reuters) - Verizon Communications Inc on Tuesday raised its 2019 profit forecast and beat Wall Street estimates for quarterly profit as it focuses on cost cuts, but the U.S. wireless carrier lost more phone subscribers than analysts had expected. Verizon said it now expects low single-digit percentage growth in adjusted profit, after previously saying that its 2019 profit would be similar to what it reported a year ...

23 Apr 2:43 PM 0 Read More...