Cloud Business Lifts Microsoft’s Quarterly Results

October 25, 2014 | Tags: , , ,

Microsoft’s quarterly profit and revenue sailed past expectations Thursday, as CEO Satya Nadella’s push to embrace cloud computing and diversify into mobile devices helped lift sales by 25 percent. Revenue from cloud services, including software delivered over the Internet, more than doubled last quarter at a time when some of Microsoft’s better-known segments are slowing. […]

America Movil Says Not in Talks Over T-Mobile US

October 24, 2014 | Tags: , , , ,

America Movil is not talking to anybody at this stage about a possible purchase of T-Mobile US, Chief Executive Daniel Hajj told a conference call on Friday. Germany’s Monthly Manager Magazin on Thursday said America Movil was a possible buyer of the company, citing people familiar with Deutsche Telekom. Deutsche Telekom owns close to 67 […]

Apple CEO Says Had ‘Very Open’ Privacy Talks in China

October 24, 2014 | Tags: , , , ,

Apple Chief Executive Tim Cook was quoted on Friday as saying he had “very open” talks on privacy and security with a senior Chinese official, days after a web monitoring group linked the government to a hack into Apple’s iCloud service in China. Cook’s remarks, made in an interview to the official Xinhua news agency, […]

Google Bolsters Artificial Intelligence Efforts, Partners with Oxford

October 23, 2014 | Tags: , , ,

Google is expanding its artificial intelligence initiative, hiring more than half a dozen leading academics and experts in the field and announcing a partnership with Oxford University to “accelerate” its efforts. Google will make a “substantial contribution” to establish a research partnership with Oxford’s computer science and engineering departments, the company said on Thursday regarding its work […]

GT Advanced Settles with Apple, to Exit Sapphire Production

October 23, 2014 | Tags: , , , , , ,

GT Advanced Technologies said it reached an agreement with Apple under which it will stop making sapphire materials and focus on supplying equipment to make sapphire crystals. GT said it would be released from all exclusivity obligations with Apple and a mechanism would be provided for the iPhone maker to recover its $439 million pre-payment […]

AT&T Revenue Rises Less than Expected

October 22, 2014 | Tags: , ,

AT&T shares fell 0.9 percent to $33.75 after closing at $34.50 on the New York Stock Exchange. The company reported a record low number of customer defections, but average revenue per phone user fell 8 percent from a year earlier. AT&T added 2 million new wireless customers and 785,000 contract subscribers in the quarter. Wireless service […]

EMC to Buy Much of Cisco’s Stake in Joint Venture VCE

October 22, 2014 | Tags: , , ,

Data storage products maker EMC Corp said it will buy much of Cisco System Inc’s stake in their joint venture VCE for an undisclosed sum. VCE, set up in 2009 as a one-stop shop for data centers, bundles Cisco’s networking equipment and servers with EMC’s storage gear and software from EMC’s virtualization software unit VMware Inc. Reports of EMC and Cisco […]

Apple CEO Discusses Security with Top Chinese Official Amid Hacking Claims: Xinhua

October 22, 2014 | Tags: , , , , ,

Apple Chief Executive Tim Cook discussed user data security at a meeting on Wednesday with a top Chinese government official in Beijing, the official Xinhua news agency reported. The meeting comes days after a Chinese web monitoring group published a report saying Apple users in China have been targeted in a sophisticated and widespread attack by hackers seeking […]

Yahoo Ekes Out Third Quarter Revenue Gain Despite Display Ad Weakness

October 21, 2014 | Tags: , , , ,

Yahoo reported a modest increase in revenue during the third quarter, exceeding lackluster Wall Street targets, as the Internet company’s online display advertising business continued to struggle. Shares of Yahoo rose 1.1 percent to $40.61 in extended trading on Tuesday. “This is a continuation of what we’ve seen for most of the last two years,” said Pivotal […]

Verizon Posts Higher Revenue as Consumers Use More Data

October 21, 2014 | Tags: , , ,

Verizon Communications quarterly revenue rose 4.3 percent, matching forecasts, as price cuts attracted more customers and growing mobile video traffic boosted data usage. Subscribers’ tendency to use more than one device, plugging in tablets and vehicle consoles to its network, also bolstered results. Postpaid customers connected nearly three devices per account, an increase of 3.7 percent. […]