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Monday, October 27, 2014

Technology Report: Twitter forecasts soft fourth-quarter revenue, shares slide

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Twitter forecasts soft fourth-quarter revenue, shares slide
SAN FRANCISCO (Reuters) - Twitter Inc's quarterly revenue surpassed expectations but it forecast fourth-quarter sales that may miss targets, sending its shares more than 8 percent lower.
Exclusive: Amazon buys comedy service Rooftop Media to expand digital content
NEW YORK (Reuters) - Inc is buying online comedy service Rooftop Media, a small deal that underscores the Internet retailer's broader ambition of becoming a media and entertainment powerhouse.
Rite Aid becomes latest retailer to shut off Apple Pay
CHICAGO (Reuters) - U.S. drugstore chain Rite Aid Corp will ban Apple Inc's new electronic payments service in its 4,572 stores as it commits to joining a consortium of other large retailers developing a rival payments system.
Schwab to offer free 'robo-advice' plan in first quarter 2015
NEW YORK (Reuters) - Charles Schwab Corp confirmed on Monday that it will introduce free automated investment plans picked by computer algorithms in the first quarter of 2015.
Finding hidden gems in cities and countries with new apps
TORONTO (Reuters) - News apps are helping users share information about sights and hidden gems in cities and countries around the globe so other people can benefit from their knowledge.
Seagate profit, revenue beat Street on PC, cloud demand
(Reuters) - Hard-disk drive maker Seagate Technology Plc's quarterly profit and revenue beat the average analyst estimate as demand increased for its personal computer and cloud storage products.
CVS Health, Rite Aid block Apple Pay in their stores: NYT
(Reuters) - Drug retailers CVS Health Corp and Rite Aid Corp have disabled Apple Inc's new electronic payments service Apple Pay from their stores over the weekend, the New York Times reported.
EU clears Dolby to buy cinema technology group Doremi
BRUSSELS (Reuters) - Dolby Laboratories on Monday received EU clearance for its acquisition of digital cinema technology group Doremi, the European Commission said.
German Amazon workers called to strike in pay dispute
FRANKFURT (Reuters) - Labor union Verdi has called on workers at online retailer Amazon to go on strike at five locations across Germany, as a row over pay and conditions continues.
Samsung scales down LED lighting as outlook dims
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Monday that it will cease its light emitting diode (LED) lighting business outside of South Korea, scaling back what was identified as a key growth business just four years ago.
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