Latest Technology News
Lenovo faces Motorola hangover, cuts 3,200 jobs as sales slide, profit tumbles
BEIJING (Reuters) - China's Lenovo Group Ltd will lay off 10 percent of white-collar staff after sales of Motorola handsets fell by a third, raising doubts over the personal computer giant's bet that a money-losing brand it bought for nearly $3 billion will help it become a global smartphone leader.
13 Aug 2015 07:57 - Share
Audi to develop batteries for electric SUVs with Samsung SDI, LG Chem
SEOUL (Reuters) - German carmaker Audi said it will develop batteries for electrically powered sport utility vehicles (SUVs) that can run more than 500 kilometers per charge, in partnerships with South Korea's LG Chem Ltd and Samsung SDI Co Ltd.
13 Aug 2015 09:29 - Share
Tinder says founder Sean Rad returning as CEO
(Reuters) - Online dating application Tinder said on Wednesday night that it had re-appointed the app's founder, Sean Rad, as its chief executive.
13 Aug 2015 01:39 - Share
Strong U.S. sales help Cisco beat estimates
(Reuters) - Network equipment maker Cisco Systems Inc reported higher-than-expected quarterly revenue and profit as strong demand for its products in the United States more than offset weakness elsewhere.
12 Aug 2015 22:40 - Share
AT&T ups revenue, profit forecast after DirecTV buy
(Reuters) - AT&T Inc said on Wednesday it expects revenue, earnings and free cash flow to grow through 2018 following its DirecTV purchase and investments in Mexico, though it also sees higher capital expenditure.
12 Aug 2015 19:45 - Share
iRobot's robotic lawn mower gets U.S. regulatory approval
WASHINGTON (Reuters) - The future of free-wheeling automated yard work took a step closer to American consumers on Wednesday after U.S. regulators gave robot maker iRobot Corp Inc technical clearance to make and sell a robotic lawn mower.
12 Aug 2015 19:17 - Share
Alibaba skids as revenue growth slowest in three years
BEIJING (Reuters) - Alibaba Group Holding Ltd's shares fell to a record low after China's biggest e-commerce company posted its slowest revenue growth in over three years as its strategy to shift more services to mobile devices hurt advertising sales.
12 Aug 2015 22:26 - Share
Fidelity National to buy software maker SunGard in $9.1 billion deal
(Reuters) - Financial industry software maker Fidelity National Information Services Inc has agreed to buy rival SunGard Data Systems Inc for $9.1 billion including debt, in order to get access to Sungard's thousands of lucrative trading and money management clients.
12 Aug 2015 16:34 - Share
Slim's America Movil eyes European fixed-line telcos
MEXICO CITY (Reuters) - America Movil is still sniffing out deals in Europe, which could become twice as important for the Mexican telecom company's revenue base within five years, its chief financial officer said on Wednesday.
12 Aug 2015 23:38 - Share
Atom Bank taps video game technology to win mobile customers
DURHAM, England (Reuters) - Atom Bank's mobile banking app is so commercially sensitive that its developers won't even allow it to be demonstrated.
12 Aug 2015 16:05 - Share
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