Tuesday, April 29, 2014

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Technology Report: Twitter reports 255 million users, disappointing Street

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04/29/2014

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Twitter reports 255 million users, disappointing Street

SAN FRANCISCO (Reuters) - Twitter Inc on Tuesday reported 255 million monthly active users, up 5.8 percent from the previous quarter but not enough to satisfy investors increasingly concerned about its struggle to gain a mass following.

EBay's first-quarter profit tops Wall Street, but outlook disappoints

SAN FRANCISCO (Reuters) - EBay Inc posted a better-than-expected first-quarter profit on Tuesday, boosted by its PayPal payments unit, but the e-commerce giant's second-quarter forecast fell short of estimates.

Apple, Samsung make final pitches to U.S. jury in patent trial

SAN JOSE, California (Reuters) - Apple has vastly exaggerated the importance of its patented iPhone features, a Samsung attorney said on Tuesday as the two companies delivered closing arguments to jurors after a month-long trial over mobile technology.

White House wades cautiously into effort to protect online privacy

WASHINGTON/SAN FRANCISCO (Reuters) - The White House will lay out ideas this week for protecting U.S. consumers' privacy in an era in which the ubiquitous use of computers and mobile phones provides a constant data feed on individuals.

Last Nokia phones sell sluggishly as loss widens

HELSINKI (Reuters) - Nokia said on Tuesday its phone sales fell 30 percent in the last quarter they belonged to the previous world-market leader and the unit's loss widened.

Chipmaker RF Micro forecasts first-quarter results above estimates

(Reuters) - RF Micro Devices Inc, whose chips are used to connect mobile devices to networks, forecast quarterly results above analysts' estimates due to higher demand from smartphone makers like Apple Inc and Samsung Electronics Co.

Sprint's subscriber losses fall as fewer defect, tablet sales rise

(Reuters) - Sprint Corp, the No. 3 U.S. mobile provider on Tuesday reported fewer subscribers leaving than expected and strong tablet additions, as the company undergoes a massive network overhaul in a highly competitive market.

Spotify strikes marketing partnership with Sprint

NEW YORK (Reuters) - Spotify announced on Tuesday its first partnership with a mobile carrier in an effort to boost subscriptions and get more people to listen to its online streaming music service.

Nokia says has won several contracts in Europe

HELSINKI (Reuters) - Finnish telecoms equipment maker Nokia has won several contracts in Europe which have not been announced yet and will be booked later this year, its incoming chief executive said on Tuesday.

U.S. state regulators issue warnings on virtual currency

(Reuters) - Investors should consider risks associated with virtual currencies, including bitcoin, before trading in them, two U.S. regulators warned on Tuesday.