Technology Report: GE trims profit outlook on Europe weakness; stock slumps

	Click to View in Browser 04/19/2013 GE trims profit outlook on Europe weakness; stock slumps (Reuters) - General Electric Co warned of slowing profit growth in its industrial businesses due to weakness in Europe and sliding turbine sales, unnerving Wall Street and pushing its stock down in morning trading. Blackstone ends pursuit of Dell: sources (Reuters) - Blackstone Group LP has ended its pursuit of Dell Inc, three people familiar with the matter said on Thursday, easing the way for founder Michael Dell and his private equity partner Silver Lake to go ahead with a $24.4 billion deal to acquire the world's No. 3 PC maker. SAP's cloud computing push stalls in Asia FRANKFURT (Reuters) - SAP AG's Asian business stumbled at the start of 2013 when top sales managers left the business software company, giving rivals an edge just as customers were switching from hardware to cloud computing. IBM earnings miss points to poor quarter in hardware sector: analysts (Reuters) - Atleast five brokerages cut their price targets on IBM Corp shares and warned its weak earnings suggested results would also be disappointing at other hardware technology companies such as EMC Corp, Dell Inc and HP Co. Amazon posts 14 TV pilots on Internet to gather viewer feedback SAN FRANCISCO (Reuters) - Amazon.com Inc's experiment with original video production took a big step forward on Friday as the company posted 14 pilot TV shows on the Internet for free viewing. Dell shares at two-month low after Blackstone pulls out SAN FRANCISCO (Reuters) - Dell Inc shares slid to a two-month low on Friday after private equity firm Blackstone Group LP withdrew its buyout bid, blaming a crumbling PC market for reduced financial forecasts at the world's No. 3 PC maker. Microsoft CFO to leave; profit, shares rise SEATTLE (Reuters) - Microsoft Corp Chief Financial Officer Peter Klein is leaving at the end of June after 3-1/2 years in the post, as the world's biggest software company struggles with sharply declining personal computer sales and a lukewarm reception for the new Windows 8 operating system. AMD results beat expectations in declining PC market (Reuters) - Advanced Micro Devices Inc forecast current-quarter revenue above Wall Street's expectations as it rushes to find new markets to offset its declining core business of PC chips. Exclusive: China's BYD mulls leaner, greener "re-birth" plan SHANGHAI (Reuters) - BYD Co, one of the better known Chinese brands thanks to a stake held by billionaire U.S. investor Warren Buffett, may stop making conventional gasoline-fuelled cars within two years and focus on 'new energy' battery models as part of a "re-birth plan" to arrest a slump in sales. Senate edges closer to vote on Internet sales tax WASHINGTON (Reuters) - Legislation giving states the power to compel retailers outside their borders to collect online sales taxes, a touchy subject for Internet merchants, is likely to move forward in the Senate next week. Related Video Crowdsourcing the Boston bombing investigation - Tech Tonic Techquity: Apple's new low, breaking down the decline Mediafile John C Abell Building the perfect smartwatch Paul Smalera Video Transcript: Fred Wilson on Tech Tonic Interface A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend