Sprint hints at deal prospects, shares surge Sprint Corp (S.N) shares jumped 11 percent on Tuesday after its chief executive said an announcement on merger talks should come in the “near future” and the company reported a quarterly profit for the first time in three years. The No. 4 U.S. […]
Technology
Technology
SK Hynix jumps over 3 percent as strong Apple earnings boost Shares in South Korea’s SK Hynix Inc, the world’s second-biggest memory chip maker, rose more than 3 percent on Wednesday morning after Apple Inc delivered surprisingly upbeat earnings. Apple reported a 7.2 percent rise in quarterly revenue on Tuesday, […]
Ukraine finally battens down its leaky cyber hatches after attacks Ukraine finally battens down its leaky cyber hatches after attacks:- When the chief of Microsoft Ukraine switched jobs to work for President Petro Poroshenko, he found that everyone in the office used the same login password. It wasn’t the only […]
Vantiv granted extension to make firm bid for Worldpay Vantiv granted extension to make firm bid for Worldpay:- British payments firms Worldpay said on Tuesday that its U.S. suitor Vantiv has been granted a week-long extension to Aug. 8 to make a firm takeover bid or walk away for six […]
Sony sets record with three-fold jump in first quarter operating profit Sony sets record with three-fold jump in first quarter operating profit:- Japan’s Sony Corp on Tuesday reported its highest-ever first-quarter operating profit, taking the electronics giant one step toward its highest annual profit in two decades on the back […]
Seed funding slows in Silicon Valley Seed funding slows in Silicon Valley:- The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging U.S. technology companies. Seed-stage financing has been sliding for the last two years, with […]
Snap ends down slightly in brisk trade on lockup expiry Shares of Snap Inc (SNAP.N), owner of the Snapchat messaging app, had their busiest trading day in two and a half months in a volatile session on Monday, as early investors could sell their shares for the first time since […]
Music streaming company Spotify has 60 million paying subscribers Spotify now has 60 million paying subscribers, adding 10 million subscribers in less than five months, a spokeswoman for the music streaming company said on Monday. The spokeswoman declined to comment on a report in the Financial Times that the Swedish […]
Pandora Media’s revenue beats on advertising boost Pandora Media Inc reported better-than-expected quarterly revenue as advertisers spent more on the online music streaming service amid stiff competition. The company’s shares were up 1.4 percent in choppy after-hours trading on Monday. The stock was up 6 percent after the quarterly results […]
Bitcoin technology faces split, may create clone virtual currency Bitcoin’s underlying software code could be split on Tuesday to create a clone called “Bitcoin Cash,” potentially providing a windfall for holders of the digital currency. The initiative is being led by a small group of mostly China-based bitcoin miners – […]
