Technology - Business news

Amgen outlines growth plan, rules out break-up

Biotechnology company Amgen, facing pressure from activist investor Daniel Loeb, Tuesday unveiled plans to implement deeper job cuts, lift shareholder payouts and increase revenues to more than $20 billion in 2015.

Oct 28, 2014
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Twitter shares sink on worries about usage

Shares in Twitter sank more than 12 percent Tuesday as disappointing user numbers overshadowed a doubling of income in its third quarter and sparked several analyst downgrades.

Oct 28, 2014
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Apple CEO Tim Cook says Apple Pay a success

Apple CEO Tim Cook said Apple's new mobile payment system had over 1 million activations in the first three days after it became available, and is now more widely used than any competing payment system.

Oct 28, 2014
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Twitter hammered on growth fears (Update)

Twitter saw its shares hammered Monday after reporting quarterly results that largely met expectations but failed to allay concerns about sluggish growth of the messaging platform.

Oct 27, 2014
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Obama taking action to push manufacturing

President Barack Obama is expanding his push for increased manufacturing in the United States by directing federal money toward new technologies, apprenticeship programs and competitions designed to assist small manufacturers.

Oct 27, 2014
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Google's Nest welcomes still more product partners

In the Internet scheme of things, home-automation products face a problem that vendors will need to overcome. Without common standards and partnerships, how will the gadgets talk to one another? One bit of ...

Oct 26, 2014 weblog
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Out-of-patience investors sell off Amazon

Amazon has long acted like an ideal customer on its own website: a freewheeling big spender with no worries about balancing a checkbook. Investors confident in founder and CEO Jeff Bezos' invest-and-expand ...

Oct 24, 2014
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States ascend into the cloud

Seven years ago, the state of Delaware started moving computer servers out of closets and from under workers' desks to create a consolidated data center and a virtual computing climate.

Oct 24, 2014
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