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Thursday, April 25, 2013

Technology Report: Amazon first-quarter revenue matches expectations

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04/25/2013
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Amazon first-quarter revenue matches expectations
SAN FRANCISCO (Reuters) - Amazon.com Inc's first-quarter revenue jumped 22 percent to $16.07 billion, propelled by growing sales of digital content, cloud-computing services and gains in its main retail business.
Time Warner Cable revenue misses as data services disappoint
(Reuters) - Time Warner Cable Inc, the second-largest U.S. cable operator, reported first-quarter revenue below analysts' estimates as it added fewer-than-expected subscribers for its high-speed data services.
3M cuts 2013 outlook on falling electronics demand
(Reuters) - Diversified U.S. manufacturer 3M Co cut its 2013 profit forecast on Thursday, citing weakening demand for flat-panel televisions as well as the stronger U.S. dollar.
EU antitrust body seeks views on Google concessions
BRUSSELS (Reuters) - Google's rivals will have the chance to comment on concessions proposed by the U.S. internet company to end an EU antitrust investigation, in a move that could force the company to improve its offer or even scupper a deal.
European antitrust regulator douses telco industry hopes of merger leniency
BRUSSELS (Reuters) - A senior European Commission official suggested regulators would not be swayed by requests from telecoms companies for more leniency in assessing mergers, saying there was no guarantee that bigger companies would result in more investment.
Slow transition to mobile gaming hits Zynga shares
(Reuters) - Shares of Zynga Inc fell 10 percent in early trading on Thursday after the online game maker forecast a bigger-than-expected second-quarter loss on concerns about its slow transformation into a gaming company focused on mobiles.
EBay pulls Nike "Boston Massacre" t-shirt listing
SAN FRANCISCO (Reuters) - EBay Inc pulled a listing on Wednesday for a Nike Inc t-shirt displaying the phrase "Boston Massacre," citing the online marketplace's policy against "offensive materials."
Google-based trading strategy would have made big return: study
LONDON (Reuters) - A trading strategy based on changes in the number of times financial phrases are searched on Google could have generated returns in excess of 300 percent over the last decade on the Dow Jones, a study has found.
Qualcomm's earnings outlook points to competition in Asia
SAN FRANCISCO (Reuters) - Leading mobile chipmaker Qualcomm forecast earnings below expectations on Wednesday as competition in smartphones intensifies and shifts toward Asia, and its stock fell sharply.
Building the perfect smartwatch
Smartwatches are shaping up to be the Next Big Thing about a decade after they were offered to the public and met with a collective shrug.
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