Edition:
United Kingdom

Munsif Vengattil

Gannett gets hostile bid from hedge fund-backed MNG

14 Jan 2019

Newspaper chain MNG Enterprises Inc , controlled by secretive hedge fund Alden Global Capital LLC, on Monday offered to buy Gannett Co Inc in a $1.36 billion deal to add the USA Today and scores of other newspapers to its stable of regional publications.

Apple cuts sales forecast as China sales weaken; iPhone pricing in focus

03 Jan 2019

SAN FRANCISCO/BENGALURU/SHANGHAI Apple Inc on Wednesday took the rare step of cutting its quarterly sales forecast, with Chief Executive Tim Cook blaming slowing iPhone sales in China, whose economy has been dragged down by uncertainty around U.S.-China trade relations. | Video

Facebook gave data on user's friends to certain companies - documents

06 Dec 2018

Facebook Inc offered some companies, including Netflix and Airbnb, access to data about users' friends it did not make available to most other apps in 2015, according to documents released by a British lawmaker who said the social media company dodged questions about privacy practices and market dominance. | Video

UPDATE 1-Cloud software stocks climb after upbeat Salesforce results

28 Nov 2018

Nov 28 Shares of cloud software makers jumped on Wednesday after Salesforce.com Inc's upbeat quarterly earnings boosted Wall Street's expectations for the fast-growing sector, which was hammered during the recent sell-off in technology stocks.

'Crypto hangover' hammers Nvidia's outlook, shares drop 17 percent

16 Nov 2018

Chip designer Nvidia Corp on Thursday forecast disappointing sales for the holiday quarter, pinning the blame on unsold chips piling up with distributors and retailers after the evaporation of the cryptocurrency mining boom.

Dropbox tops revenue, profit estimates; shares rise

08 Nov 2018

Dropbox Inc on Thursday reported better-than-expected third quarter results and forecast current-quarter revenue above analysts' estimates, as the file sharing and storage firm benefits from an expanded customer base that pays more.

Samsung gives first glimpse of foldable phone

08 Nov 2018

SAN FRANCISCO Samsung Electronics Co Ltd unveiled its much-anticipated foldable phone in San Francisco on Wednesday, urging Android developers to start writing apps for it. | Video

Roku forecasts surprise loss for holiday quarter, shares fall

07 Nov 2018

Roku Inc forecast a surprise holiday-quarter loss and missed third-quarter revenue estimates for its high margin video streaming platform, sending its shares down nearly 13 percent in after-market trading on Wednesday.

World News

As shutdown lingers, Pelosi pushes Trump to delay State of Union address

With the partial U.S. government shutdown dragging into its 26th day, House Speaker Nancy Pelosi on Wednesday urged President Donald Trump to reschedule his State of the Union address - a move that could deny the president the opportunity to use the pageantry of the speech to attack Democrats in their own chamber over the impasse.