Internet News Headlines

Nokia raises networks outlook after second-quarter profit beats estimates

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HELSINKI - Finnish telecoms gear maker Nokia on Thursday announced a stronger-than-expected quarterly profit margin in its core networks unit helped by cost cuts and said its full-year expectations had improved.

11:01am BST

In China, Apple's focus pays off while Samsung feels squeeze

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BEIJING - The mobile industry has long held that Samsung's broad range of mobile devices makes it nimble in changing markets, while Apple loses out by rigidly sticking to its high-end gadgets.

11:22am BST

ECB says website hacked, no sensitive data affected

FRANKFURT - The European Central Bank said on Thursday its website had been hacked and some email addresses and other contact information stolen but insisted no market-sensitive data were affected.

10:02am BST

China regulator determines Qualcomm has monopoly - state-run newspaper

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BEIJING - China's antitrust regulator has confirmed that Qualcomm Inc, one of the world's biggest mobile chipmakers, has a monopoly, the state-run Securities Times newspaper reported on Thursday, as Qualcomm's chief executive held talks in China.

10:25am BST

Electrocomponents' margins slide, shares drop

- Electronics products distributor Electrocomponents Plc reported a bigger-than-expected decline in gross margins, sending its shares down as much as 6.4 percent and making them one of the top percentage losers on the London Stock Exchange.

10:27am BST

Dassault to buy planning software provider Quintiq

PARIS - Dassault Systemes is to buy business planning software company Quintiq, its second acquisition this month, taking the French management solutions company into the metals, mining, oil and gas, rail delivery and freight industries for the first time.

10:00am BST

ASM International shares drop after warning of revenue decline

AMSTERDAM - Dutch chip equipment maker ASM International has warned of a drop in third-quarter revenue after its orders dropped by a third, sending its shares to a three-month low.

9:07am BST

Facebook beats Wall Street targets, stock hits record high

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SAN FRANCISCO - Facebook Inc's fast-growing mobile advertising business helped drive a 61 percent increase in revenue during the second quarter, beating Wall Street's financial targets and sending shares to a record-high in after-hours trading on Wednesday. | Video

2:06am BST

Mobistar keeps costs low in second quarter to beat expectations

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BRUSSELS - Belgian mobile phone operator Mobistar on Thursday posted better-than-expected core profit in the second quarter, as it kept costs low and saw fewer customers left for other operators.

7:09am BST

Wed, Jul 23 2014

Apple margin concerns fade, focus shifts to iPhone launch

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- A rise in margins has raised hopes that Apple Inc may be able to hold the line on pricing ahead of the launch of new iPhones later this year.

23 Jul 2014
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UK banks have much to fear from latest probe

Britain’s top antitrust watchdog has warned lenders to expect a full-blown competition investigation. Forced divestments would be a surprising outcome. But given the persistence of concern in spite of past probes, investors should brace for radical, profit-sapping remedies.