Technology

FRANKFURT/LONDON (Reuters) – SAP (SAPG.DE), Europe’s most valuable technology company, missed market expectations for third-quarter profit as it invested heavily to shift business customers into cloud computing. The German software maker is in the midst of a transition to offering cloud-based services to its business customers and management had flagged that 2017 would see a
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(Reuters) – EBay Inc warned Wall Street on Wednesday that profit this quarter could fall below analysts’ estimates as it invests in marketing and a revamped website to attract more shoppers, sending shares down more than 5 percent in after-hours trade. The online marketplace is making a big push to catch up to Amazon.com Inc
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BRUSSELS (Reuters) – A year-old pact underpinning billions of dollars of transatlantic data transfers will get the green light from the European Union on Wednesday after the first review to ensure Washington protects Europeans’ data stored on U.S. servers. The EU-U.S. Privacy Shield was agreed last year after everyday cross-border data transfers were plunged into
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(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
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(Reuters) – Luxury electric vehicle maker Tesla Inc (TSLA.O) fired about 400 employees this week, including associates, team leaders and supervisors, a former employee told Reuters on Friday. The dismissals were a result of a company-wide annual review, Tesla said in an emailed statement, without confirming the number of employees leaving the company. “It’s about
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NEW YORK (Reuters) – U.S. investors including Digital Currency Group have taken part in a pre-sale of basecoin, a crypto-currency to be created by three Princeton University computer science graduates, Intangible Labs CEO and co-founder Nader Al-Naji said. The other investors in Intangible Labs’ basecoin include Bain Capital Ventures, Andreessen Horowitz, and AngelList CEO Naval
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(Reuters) – Qualcomm Inc (QCOM.O) confirmed an earlier report that the chipmaker had filed lawsuits in China, seeking to halt the manufacture and sale of Apple Inc’s (AAPL.O) iPhones in the country. Qualcomm filed the suits in a Beijing intellectual property court, claiming patent infringement and is seeking injunctive relief, a company spokeswoman confirmed on
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ROME (Reuters) – Italy’s Cabinet is likely to discuss on Monday the use of its so-called “golden power” that allows it to intervene to protect strategic companies, a government source said on Friday, amid concern over ownership of Telecom Italia. The discussion is likely to center on Telecom’s Sparkle unit that controls its submarine cable
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