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By Deepa Seetharaman SAN FRANCISCO Thu Jul 24, 2014 10:46pm EDT (Reuters) – Amazon.com Inc posted a much larger-than-expected loss in the second quarter as it continues its rapid pace of investment in new businesses such as digital content and consumer electronics. Amazon’s stock price has dropped 10 percent so far in 2014, with investors leery of betting on its long-term growth at the expense of little to no profit. On Thursday, the shares fell […]
By Nate Raymond NEW YORK Thu Jul 24, 2014 9:58pm EDT (Reuters) – A U.S. judge on Thursday expressed concern over a proposed $450 million settlement of claims Apple Inc conspired with five publishers to fix e-book prices, saying its provisions could drastically reduce money paid to consumers depending on appeals. U.S. District Judge Denise Cote in Manhattan said she found “most troubling” a clause requiring Apple to pay only $70 million if an appeals […]
By Julia Fioretti BRUSSELS Thu Jul 24, 2014 6:08pm EDT (Reuters) – Google’s handling of “right to be forgotten” requests from European citizens came under fire by regulators after the search engine company restricted the removal of Internet links to European sites only, a person familiar with the matter said. Regulators quizzed Google over its decision to remove search results only from its European search engines such as google.co.uk, which means that anyone can easily […]
By Nate Raymond and Alison Frankel Wed Jul 16, 2014 1:21pm EDT (Reuters) – Apple Inc has agreed to pay $450 million to resolve U.S. state and consumer claims the iPad manufacturer conspired with five major publishers to fix e-book prices, according to court records filed Wednesday. The settlement, which would provide $400 million for consumers, is conditioned on the outcome of a pending appeal of a New York federal judge’s ruling last year that […]
SEATTLE Thu Jul 17, 2014 12:03am EDT (Reuters) – Microsoft Corp is set to cut more than 6,000 jobs in an announcement expected early Thursday, according to sources familiar with the matter, as it trims its newly acquired Nokia phone business and reshapes itself as a cloud-computing and mobile-friendly software company. What could be the deepest job cuts in the company’s 39-year history come five months into the tenure of Chief Executive Officer Satya Nadella, […]
BEIJING Sat Jul 12, 2014 10:19am EDT (Reuters) – Chinese state media branded Apple Inc’s iPhone a threat to national security because of the smartphone’s ability to track and time-stamp user locations. A report by broadcaster CCTV on Friday criticized the iPhone’s “Frequent Locations” function for allowing users to be tracked and information about them revealed. “This is extremely sensitive data,” said a researcher interviewed by the broadcaster. If the data were accessed, it could […]
SAN FRANCISCO Wed Jul 9, 2014 9:11pm EDT (Reuters) – Apple Inc acknowledged on Wednesday it needs to address manufacturing partners’ carbon emissions and its own rising water consumption, though the iPhone maker said it had cut back sharply on greenhouse gas output. Apple last year hired former Environmental Protection Agency chief Lisa Jackson to push cleaner initiatives, amid past criticism over its emissions and use of toxic materials. Observers say it has improved its […]
Thu Jul 3, 2014 7:20pm EDT (Reuters) – Google Inc GOOGL.O GOOG.O on Thursday reversed its decision to remove several links to stories in Britain’s Guardian newspaper, underscoring the difficulty the search engine is having implementing Europe’s “right to be forgotten” ruling. The Guardian protested the removal of its stories describing how a soccer referee lied about reversing a penalty decision. It was unclear who asked Google to remove the stories. Separately, Google has not […]
(Reuters) – Google Inc’s (GOOGL.O) (GOOG.O) Android software is coming to cars, televisions and watches this year, as the Internet search giant races against Apple Inc (AAPL.O) and other tech companies to extend its business into a rapidly broadening field of Internet-connected devices. Google’s free Android software runs on more than three out of every four smartphones sold globally: a valuable entry point for consumers to access its money-making online services such as Web search […]
(Reuters) – Apple Inc plans to launch smartwatches with multiple screen sizes and designs this fall, the Wall Street Journal on Friday cited a person familiar with the matter as saying. Taiwan’s Quanta will begin mass production of Apple’s first smartwatches from July, in time for an October launch, several sources familiar with the matter told Reuters on Thursday. The Wall Street Journal on Friday also cited sources saying Quanta would manufacture the device. One of the […]
(Reuters) – Facebook Inc’s website was down at 0815 GMT (4.15 a.m. EDT), displaying a message saying “Sorry, something went wrong.” The site said it was working to get the issue fixed “as soon as we can.” The company did not immediately respond to an email seeking comments. (Reporting By Sampad Patnaik in Bangalore; Editing by Gopakumar Warrier)
(Reuters) – Astronomers have discovered a new type of rocky planet beyond the solar system that weighs more than 17 times as much as Earth while being just over twice the size, scientists said on Monday. The so-called “mega-Earth” circles a very old star called Kepler-10, which is located about 560 light-years away from Earth in the constellation Draco. The discovery, announced at the American Astronomical Society meeting in Boston, was a surprise since planets […]
