Technology news

Baidu profit up 27 percent as mobile grows

Chinese search engine Baidu Inc. said Thursday its quarterly profit rose 27 percent as user traffic for its mobile operation surpassed passed its desktop computer-based search business.

Oct 30, 2014
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Samsung vows changes after mobile profit plunges

Samsung Electronics Co. admitted erring in its smartphone strategy and vowed Thursday to overhaul its handset lineup after profit from those devices tumbled last quarter to the lowest in more than three years.

Oct 30, 2014
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WhatsApp founders own nearly $9B in Facebook stock

WhatsApp founders Jan Koum and Brian Acton received 116 million shares of Facebook stock currently worth nearly $9 billion when they sold their unprofitable messaging service to the social networking leader earlier this month.

Oct 30, 2014
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