Breaking News: Technology
PayPal jumps as Elliott Management says it has a $2 billion holding in the financial-services company
Dan Schulman, president and chief executive officer of PayPal Holdings Inc., arrives for the morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Wednesday, July 10, 2019. The 36th annual event gathers many of America’s wealthiest and most powerful people in media, technology, and sports. Patrick T. […]
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Amazon warehouses face expanded probes into safety hazards as investigators visit three more sites
A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, U.S., April 30, 2019. Clodagh Kilcoyne | Reuters Federal officials are sharpening their focus on Amazon’s workplace safety hazards. Investigators from the Occupational Safety and Health Administration, which is part of the Labor Department, visited Amazon sites near Albany, New […]
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Apple chipmaker TSMC warns Taiwan-China war would make everybody losers
A man walks past TSMC’s logo at the company’s headquarters in Hsinchu, Taiwan. Sam Yeh | AFP | Getty Images If China were to invade Taiwan, the most-advanced chip factory in the world would be rendered “not operable,” TSMC Chair Mark Liu said in an English-language interview with CNN this week. In the undated interview, […]
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VMware veteran takes helm of pre-IPO software company Cohesity, though market debut is on hold
Sanjay Poonen, former COO, VMware Scott Mlyn | CNBC Cohesity, a startup selling software to back up corporate data, said Tuesday it hired former VMware operating chief Sanjay Poonen to be its next CEO, as the company challenges incumbents like Dell and marches toward an eventual IPO. Poonen told CNBC that he received a call […]
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Pinterest climbs on user numbers and Elliott investment even as financials disappoint
A woman walks past sign at the headquarters of Pinterest in the South of Market neighborhood of San Francisco. Smith Collection | Gado | Archive Photos | Getty Images Pinterest shares jumped on better-than-expected user numbers even as earnings and revenue missed estimates and the company gave weak guidance for the third quarter. Activist investor Elliott […]
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Senate won’t vote on tech antitrust bill before summer recess, Klobuchar says
U.S. Senate Rules and Administration Committee Chair Sen. Amy Klobuchar (D-MN) presides during a Senate Rules and Administration Committee oversight hearing to examine the U.S. Capitol Police following the January 6, 2021 attack on the Capitol, one day before the anniversary of the attack in Washington, U.S., January 5, 2022. Elizabeth Frantz | Reuters The […]
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Google CEO tells employees productivity and focus must improve, launches ‘Simplicity Sprint’ to gather employee feedback on efficiency
Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters Google is launching a new effort called “Simplicity Sprint” in an effort to improve efficiency and improve employee focus during an uncertain economic environment. The Alphabet company had its regular […]
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Space company Masten files for bankruptcy after struggle with NASA moon contract
Lunar-focused company Masten Space Systems filed for Chapter 11 bankruptcy protection on Thursday, with the venture winnowed down to a handful of people after layoffs and furloughs. The space company declared as its debts ballooned, tracing back to a NASA contract awarded to Masten two years ago. Once seen as a major win for the […]
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Apple’s services slowdown is potential concern for investors focused on profit margins
Apple CEO Tim Cook speaks at Apple’s Worldwide Developer Conference (WWDC) at the San Jose Convention Center in San Jose, California on Monday, June 4, 2018. Josh Edelson | AFP | Getty Images For over half a decade, Apple has been touting its services business as a growth engine that will make up for smart […]
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Apple beats on revenue and profit, expects growth to accelerate despite ‘pockets of softness’
Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations for sales and profit but showed slowing growth for the iPhone maker. Apple stock rose over 3% in extended trading. Here are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates: EPS: $1.20 vs. $1.16 estimated, down […]
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