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Tuesday, July 22, 2014

Technology Report: Microsoft revenue rises, profit falls as Nokia absorbed

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07/22/2014
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Microsoft revenue rises, profit falls as Nokia absorbed
SEATTLE (Reuters) - Microsoft Corp said on Tuesday its fiscal fourth-quarter revenue rose, but its profit fell, partly due to the effect of incorporating the handset business of Nokia, which it acquired in April.
Electronic Arts revenue and profit rises in first quarter
SAN FRANCISCO (Reuters) - Video game publisher Electronic Arts Inc reported higher revenue and profit for the first quarter, driven by robust sales of its "Titanfall" game, digital sales and cost control.
EU antitrust regulators likely to step up Google probes: WSJ
SAN FRANCISCO/FRANKFURT (Reuters) - European Union antitrust regulators are preparing to step up investigations of Google Inc's practices on several fronts and are likely to revise certain terms of a settlement involving its search engine that was proposed earlier this year, the Wall Street Journal reported on Tuesday.
Google must face U.S. privacy lawsuit over commingled user data
(Reuters) - A federal judge rejected Google Inc's bid to dismiss a privacy lawsuit claiming it commingled user data across different products and disclosed that data to advertisers without permission.
United Tech elevator, jet-engine orders slow, shares drop
(Reuters) - United Technologies Corp posted tepid quarterly orders for its Otis elevators and Pratt & Whitney jet engines businesses, and shares of the diversified U.S. manufacturer fell nearly 2 percent on Tuesday.
PayPal signs "ten of thousands" customers in Nigerian launch
LAGOS (Reuters) - PayPal has signed up "tens of thousand" of Nigerians in its first week of operating in Africa's biggest economy, with consumers already purchasing items from Britain, China and the United States via its online platform, a company official said.
Fund managers unconvinced by Apple rebound
NEW YORK/SAN FRANCISCO (Reuters) - Apple, once a can't-miss stock, is finding it tough to persuade portfolio managers to come back into the fold.
Netflix's Europe expansion seen eating into profits
(Reuters) - Netflix Inc's planned expansion in Europe will set the video streaming company up for growth, but will increase content and marketing expenses in the near term, analysts said.
China says to crack down on pornography in mobile apps
BEIJING (Reuters) - China will crack down on smartphone apps featuring pornography and obscene content, the government said on Tuesday, the latest move in an official campaign to 'clean the Internet'.
Web-connected cabins offer flight path for aerospace investors
LONDON (Reuters) - The web-connected aircraft cabins of the future, powered by technology on show at last week's Farnborough Airshow, are offering a path to investor returns through suppliers like Cobham Plc and Thales SA.
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