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Microsoft sales beat Street hopes, cloud profits up

Microsoft CEO Nadella speaks during a Microsoft cloud briefing event in San FranciscoBy Bill Rigby SEATTLE (Reuters) - Microsoft Corp reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins largely intact. The results on Thursday allayed fears of investors in recent days that the industry shift toward lower-margin cloud services was proving hard for established technology leaders to master. Microsoft shares, which have climbed 33 percent over the past year, rose another 3 percent in after-hours trading to $46.36. ...

10/23/2014 07:17 PM

Amazon's holiday-quarter forecast disappoints, shares dive

A worker walks past Amazon Fresh delivery vans parked at an Amazon Fresh warehouse in InglewoodBy Deepa Seetharaman SAN FRANCISCO (Reuters) - Inc's sales projections for the crucial holiday quarter disappointed Wall Street and third-quarter results missed forecasts, sending the online retailer's shares 9 percent lower on Thursday. After an unusually busy first half of the year that saw the online retailer spend on developing everything from mobile phones and Hollywood-style production to grocery deliveries, investors were ready to see it curtail its ambitions and start delivering sustainable profits. ...

10/23/2014 06:03 PM

China Telecom, Unicom to build content delivery firm: Chinese paper
(Reuters) - China Telecom Corp Ltd and China Unicom Hong Kong Ltd could soon jointly invest in a new content delivery network (CDN) company that would speed up Chinese users' Internet access, a Chinese paper reported on Friday. The proposed firm would be run by China Telecom's cloud computing subsidiary, according to a 21st Century Business Herald report citing an unnamed senior China Telecom employee. Rumors of a CDN joint venture between the country's second- and third-largest carriers have existed for more than year. Telecom and Unicom did not immediately respond to requests for comment. ...
10/24/2014 01:23 AM

Google bolsters artificial intelligence efforts, partners with Oxford

Google signage seen at the company's offices in New YorkBy Alexei Oreskovic SAN FRANCISCO (Reuters) - Google Inc is expanding its artificial intelligence initiative, hiring more than half a dozen leading academics and experts in the field and announcing a partnership with Oxford University to "accelerate" its efforts. Google will make a "substantial contribution" to establish a research partnership with Oxford's computer science and engineering departments, the company said on Thursday regarding its work to develop the intelligence of machines and software, often to emulate human-like intelligence. ...

10/23/2014 12:40 PM

Apple ponders sapphire options, leaves door open for GT

The Apple logo is lit on the first day of sale for the iPhone 6 and iPhone 6 Plus, in Sydney(Reuters) - Apple Inc said on Thursday it is studying options for sapphire supply and might work again with GT Advanced Technologies Inc if the distressed supplier can reduce production costs for the scratch-resistant material. GT, a former stock market darling and supplier to Apple, filed for bankruptcy on Oct 6 in a stunning turn of events for a company whose fortunes looked bright only a few months ago. Apple said on Thursday that GT's "ambitious" vision of sapphire manufacturing was ultimately not quite ready for primetime. ...

10/23/2014 02:08 PM

Airbnb valued at $13 billion as it discusses employee stock sale: WSJ
(Reuters) - Online home-rental marketplace Airbnb Inc valuation is set to be valued at $13 billion, up from its $10 billion valuation in March this year, as it discusses an employee stock sale, according to a report by the Wall Street Journal. Airbnb has met with investors to sell employee shares, and the funds from the sale would go to the employees rather than raising any new capital for the company, the report said, citing two people familiar with the matter. Airbnb was not immediately available for a comment. ...
10/23/2014 09:23 PM

Microsoft Lumia design officially revealed without Nokia branding

Microsoft Lumia design officially revealed without Nokia brandingMicrosoft is officially replacing its Nokia branding with Microsoft Lumia on the company’s Windows Phones. The software giant is "looking forward to unveiling a Microsoft Lumia device soon," and, as The Verge revealed earlier this week, Nokia’s existing phone websites and social network accounts will now be transitioned over to the Microsoft Lumia branding in the coming days. Microsoft has also revealed that it will use the company’s name on the front and rear of future Lumia devices in a simple replacement of the Nokia branding.

10/24/2014 03:25 AM

iHeartRadio and Rdio are ready for CarPlay, but your car isn't

iHeartRadio and Rdio are ready for CarPlay, but your car isn't

10/24/2014 03:22 AM

Paintings in national parks spark probe, furor

This undated photo taken from an Instagram posting shows an overlook of Crater Lake in Oregon with a rock painting. The National Park Service is investigating paintings and drawings of eerie faces found on rocks across the West in some of the country’s most recognizable wilderness areas, including Crater Lake. (AP Photo/Instagram)SALT LAKE CITY (AP) — A series of colorful, eerie faces painted on rocks in some of the West's most famously picturesque landscapes has sparked an investigation by the National Park Service and a furor online.

10/24/2014 03:21 AM

Honda's pedestrian-detecting technology is coming to cars this year

Honda's pedestrian-detecting technology is coming to cars this year

10/24/2014 02:19 AM

Friday Poll: How do you like Apple Pay so far?

Friday Poll: How do you like Apple Pay so far?Apple Pay has arrived and Touch ID-device owners have had a shot at trying it out. Let us know if you're loving it, hating it or feeling totally indifferent.>

10/24/2014 02:00 AM

This is what a 'Star Wars' blaster bolt would look like in real life

IPC PASA team of physicists has created a film that shows what a real-life "laser bullet" would look like in action. Hint: it's not like in "Star Wars.">

10/24/2014 01:20 AM

Amazon's loss makes holidays a question mark

FILE - In this June 16, 2014 file photo, Amazon CEO Jeff Bezos walks on stage for the launch of the new Amazon Fire Phone, in Seattle. reports quarterly financial results on Thursday, Oct. 23, 2014. (AP Photo/Ted S. Warren, File)NEW YORK (AP) — Amazon's trademark smile icon is becoming more of a grimace.

10/24/2014 01:14 AM

Somehow the internet hasn't killed off 'America's Funniest Home Videos'

Somehow the internet hasn't killed off 'America's Funniest Home Videos'

10/24/2014 01:02 AM

Judge formally bans Aereo from streaming live TV to customers' devices

Judge formally bans Aereo from streaming live TV to customers' devices

10/23/2014 11:47 PM

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