Hong Kong police arrested five Uber drivers and searched the ride-hailing app's office in the Asian financial center. Police said Tuesday that officers posing as customers arrested the five drivers in ... More »Hong Kong police arrest 5 Uber drivers, search office
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Hunter Scott’s bot scoured Twitter for tweets that contain the phrase “RT to win” and dutifully retweeted them, entering over 165,000 competitions in the process More »This Coder Set Up A Retweeting Twitter Bot And Won Over 1,000 Competitions
Toshiba Corp plans to book more than 100 billion yen ($802 million) in impairment charges for the last fiscal year in addition to marking down past results following an accounting investigation, the Nikkei business daily reported on Tuesday. The impairment charges include a more conservative estimate of Toshiba's Westinghouse nuclear business and reflect weakness in its semiconductor and appliances units, the Nikkei said, without citing sources. It said the financial results were not yet finalised as Toshiba's accountants were still reviewing them but that operating profit for the year through March was probably around 150-200 billion yen rather than the 330 billion yen the company had forecast. More »Toshiba to write down over $800 million after accounting probe: Nikkei
By Mari Saito and Julia Love SAN FRANCISCO (Reuters) - Google Inc announced a surprise overhaul of its operating structure on Monday, creating a holding company called Alphabet to pool its many subsidiaries and separate the core web advertising business from newer ventures like driverless cars. "It suggests that in all likelihood, Google is not going to slow the pace of their experimental processes like self-driving cars," said Michael Yoshikami, head of Destination Wealth Management, which has $1.5 billion under management. The surprise news sent shares of Google up as much as 7 percent to $708 in after hours trading. More »Google morphs into Alphabet; investors cheer clarity
Software security company Symantec Corp has agreed to sell its data storage business Veritas to private equity firm Carlyle Group LP, according to a person familiar with the matter. A deal could be announced as soon as Tuesday, when Symantec is due to report its quarterly earnings, the person said, asking not to be named because the matter is private. Carlyle declined to comment. More »Symantec agrees to sell data storage unit to Carlyle: source
HONG KONG (Reuters) - Shares of Chinese home appliance retailer Suning Commerce Group Co Ltd surged by the maximum 10 percent limit on Tuesday after Alibaba Group Holding Ltd said it would invest $4.6 billion in the company. Shares of the firm jumped to 15.17 yuan in early trade, outpacing a 0.4 percent gain for the main Shenzhen index where it is listed. The Hong Kong-listed shares of Suning's rival, GOME Electrical Appliances Holding Ltd, also jumped 10 percent. The investment by Alibaba represents its biggest step yet towards integrating online and store-based shopping. ... More »Shares of China's Suning jump 10 percent after Alibaba tie-up
By Andrew Chung NEW YORK (Reuters) - Google Inc made clear in its announcement on Monday that in creating a parent company called Alphabet Inc, it was not intending to build products and brands under that name. If it did, the company, which is no stranger to disputes over intellectual property, might have to contend with legal fallout for potentially trampling on the trademark rights of what is a fairly common brand among American businesses. The registrations include computer games, clothing labels, furniture, toys, all manner of children's books, as well as Alphabet Vodka and the Alphabet City Brewing Co in New York City. More »In choosing Alphabet Inc, Google joins a branded crowd
SAN FRANCISCO (AP) — One of tech's biggest names, Google, is reorganizing under a new moniker — "Alphabet" — in a move underscoring its founders' ambitions to pursue ventures far beyond the company's Internet search core, from self-driving cars to cutting-edge medical research. More »Google to be part of new holding company, 'Alphabet'
announced a major shake-up of its operating structure on Monday, creating a holding company called Alphabet which will contain subsidiaries to separate its core web advertising business from newer ventures like driverless cars. "It suggests that in all likelihood, Google is not going to slow the pace of their experimental processes like self driving cars," said Michael Yoshikami, head of Destination Wealth Management which has $1.5 billion under management. The surprise news sent shares of Google up as much as 7 percent to $708 in after hours trading. More »Google morphs into Alphabet Inc, investors cheer clarity
Web hosting company Rackspace Hosting Inc reported an 11 percent rise in quarterly revenue and raised its share buyback program to up to $1 billion, sending its shares up 5.2 percent in extended trading on Monday. The company said the buyback is in addition to the $200 million it had already bought back. The company announced a $500 million buyback program in November. More »Rackspace raises buyback to up to $1 billion, shares jump
"Investing in @twitter's future," Dorsey tweeted on Monday, after disclosing he had bought 31,627 shares, worth about $875,000 at $27.67 per share. Dorsey now owns about 21.9 million shares, or about 3 percent of Twitter. Twitter's shares closed up 9 percent at $29.50 on Monday. More »Twitter interim CEO Dorsey buys more shares in show of faith
NEW YORK (AP) — Verizon is doing the unthinkable: Starting Thursday, the nation's largest wireless company will eliminate two-year service contracts, along with the practice of offering discounted phones for $100 or $200. More »Tech Tips: Are you better off keeping Verizon contract plan?
(Reuters) - Rackspace Hosting Inc reported a 10.9 percent rise in quarterly revenue due to higher demand for its web-hosting and cloud management services. Net income rose to $29.2 million, or 20 cents per share, in the second quarter ended June 30, from $22.5 million, or 16 cents per share, a year earlier. Revenue rose to $489.4 million from $441.2 million. (Reporting by Kshitiz Goliya in Bengaluru; Editing by Don Sebastian) More »Rackspace revenue rises 10.9 percent
(Reuters) - Take-Two Interactive Software Inc's quarterly adjusted revenue more than doubled, boosted by the successful launch of "Grand Theft Auto V" for PCs and strong demand for titles such as "NBA 2K15". "Grand Theft Auto V" has been a blockbuster release for the company, driving sales for the past year. The game was launched for PCs in April, helping more than double adjusted net revenue from digitally-delivered content to $254 million in the quarter. More »Video game publisher Take-Two's adjusted revenue surges
NEW YORK (AP) — Adobe is the latest tech company to extend its paid parental leave policy after Netflix said it would offer corporate employees up to a year of paid leave to care for new babies. More »After Netflix, Adobe extends parental leave policy
Software company Adobe Systems Inc.
said on Monday it is doubling the maternity leave it grants, making it the third company in the U.S. technology industry in a week to give new parents more paid time off. New mothers at the California-based firm will receive 26 weeks of paid leave, up from 12 weeks, and primary caregivers and new parents will get 16 weeks of paid parental leave. "We join an industry movement to better support our employees while striving towards increased workforce diversity," said Donna Morris, Adobe senior vice president of People andPlaces. More »Adobe joins tech industry push in increasing maternity, parental leave
SAN FRANCISCO (AP) — Twitter is huddling with the National Football League as it tackles the challenge of attracting a broader audience to its short messaging service. More »Twitter huddles with NFL to tackle audience challenge
Major tech brands Facebook, Twitter And Google have teamed up with web charity Internet Watch Foundation (IWF) to halt the spread of child abuse images online. Launched in December 2014, the Child Abuse Image Database (Caid) comprises illegal images gathered by the Home Office. More »Facebook, Twitter And Google Join Fight Against Spread Of Child Abuse Images Online
(Reuters) - The National Football League said it signed a multi-year partnership with microblogging site Twitter Inc to deliver video and other content to NFL fans on a daily basis. Content, including in-game highlights from pre-season through Super Bowl 50, will be distributed across Twitter from the start of the 2015 season, the NFL said in a press release. (http://bit.ly/1TkkSLl) The partnership expands on the NFL's existing partnership with Twitter since 2013, and Twitter users will now have access to more official NFL content than in the past. Twitter's shares rose 4 percent to $28. ... More »Twitter signs multi-year deal with NFL
By Aman Shah MUMBAI (Reuters) - China's Xiaomi Inc [XTC.UL] has joined forces with Taiwan-based tech giant Foxconn to start assembling phones in India, seeking to cut costs and grab a bigger slice of the world's third-largest smartphone market. The factory, in the southern state of Andhra Pradesh, is a fillip for Prime Minister Narendra Modi, who has championed a campaign to turn India into a manufacturing powerhouse to boost economic growth and create much-needed employment. India is the world's fastest growing smartphone market, but so far a lack of good suppliers and infrastructure have hampered efforts to manufacture phones in the country, forcing most of India's more than 100 different phone companies to import from China and Taiwan. More »Xiaomi ties up with Taiwan's Foxconn to assemble smartphones in India
Chief Executive Elon Musk said he's considering options to raise more capital, and didn't rule out selling more stock. Musk has taken investors on a thrill ride since taking Tesla public in 2010. Now he's given himself a deadline, promising that by the first quarter of 2016 Tesla will be making enough money to fund a jump from making one expensive, low volume car to mass producing multiple models, and expanding a venture to manufacture electric power storage systems. Tesla's shares fell almost 9 percent on Thursday and slipped another 2 percent on Friday as investors and analysts weighed the risks of Musk's ambitious plans for expanding Tesla's auto and energy storage businesses. More »Tesla burns cash, loses more than $4,000 on every car sold
Twenty-six-year-old Kuniako Sato and his team at Cocoa Motors recently unveiled the lithium battery-powered "WalkCar" transporter, which is the size of a laptop and resembles a skateboard more than a car. The futuristic skateboad will have a price-tag of around 100,000 Japanese Yen (approx. $800 USD). More »Japanese engineer develops world's first 'car in a bag'
The research also shows that the average users of emoji and ‘haha’ are younger than those who use the less fashionable ‘hehe’ or ‘LOL’ More »‘LOL’ Is On The Way Out, Says Facebook Study
By Matthew Stock A skin-worn sensor that turns the human body into a touch sensitive surface for controlling mobile devices has been developed by scientists in Germany. iSkin is made from biocompatible silicone rubber with pressure-sensitive sensors that are stuck to the skin of the users, allowing them to use their own body to control mobile devices. ... More »Electronic skin sensors to control mobile gadgets
82% of those involved admitted to sexting in the last year with 88% admitting to having ever received or sent sexts More »Eight Out Of Ten Adults Admit Sending or Receiving 'Sexts'