SK Hynix posts near 30% drop in Q2 net profit
South Korea's SK Hynix said Thursday its second-quarter net profit tumbled nearly 30 percent from a year ago on falling memory chip prices.
Facebook 2Q earnings, revenue soar (Update)
(AP)—Facebook is on a roll. The world's largest online social network posted sharply higher earnings on Wednesday as revenue from mobile advertising continued to grow, and more people used it, more often.
Google profit up as chief business officer steps out (Update 2)
Google reported Thursday that its quarterly profit rose with a jump in revenue and released word that its chief business officer was leaving the company.
Microsoft to shutter Xbox television show studio
Microsoft on Thursday confirmed that its studio devoted to original television programs for Xbox consoles will be shuttered as part a massive overhaul of the workforce.
Microsoft CEO pivots sharply with 18,000 job cut (Update)
Microsoft announced the biggest layoffs in its 39-year history Thursday, outlining plans to cut 18,000 jobs in a move that marked the CEO's sharpest pivot yet away from his predecessor's drive for the company t ...
India's TCS Q1 surges 45% on North America deals
India's biggest outsourcing firm Tata Consultancy Services Thursday reported a 45 percent jump in quarterly net profit from a year ago, led by strong growth in business from North America.
Microsoft axes 18,000 jobs as Nadella shifts focus (Update 2)
Microsoft announced its biggest job cuts ever Thursday as new chief executive Satya Nadella called for a new focus at the US tech giant while integrating the Nokia phone division.
Microsoft CEO sees 'bold' plan as 4Q tops Street
(AP)—Microsoft Corp. CEO Satya Nadella painted an upbeat vision of the future Tuesday, saying that the next version of Windows will be unified across screens of all sizes and that two money-losing units—Nokia ...
New York proposes regulations for virtual currency (Update)
New York became the first U.S. state on Thursday proposed establishing rules for firms involved in receiving, transmitting and storing virtual currency. The proposal by the Department of Financial Services would establish ...
BlackBerry stock falls after Apple-IBM deal
Blackberry stock fell sharply Wednesday, one day after the announcement of a landmark deal between rivals Apple and IBM to offer custom-tailored apps for businesses.
LinkedIn to buy ad tech company Bizo for $175M
(AP)—LinkedIn says it is spending $175 million to buy Bizo, a provider of advertising technology and measurement services aimed at professionals.
Gowex conquerer Gotham City shrouded in mystery
Gotham City Research lists no physical address or telephone number, never signs its reports and does not identify any personnel.
Visa launches new service to pay online
(AP)—Payment processor Visa is launching a new service called Visa Checkout that eliminates a few steps in online payment.
Apple to pay consumers up to $400 mn in e-books case
Apple will pay up to $400 million to compensate consumers for illegal price-fixing conspiracy for electronic books, officials said Wednesday.