Tech

Netflix shares jump as subscribers grow ahead of Disney, Apple attack

Editorial Bureau October 17, 2019

– Netflix Inc added slightly more paying subscribers than Wall Street expected in the third quarter, a relief to investors who had worried the company might fall short just as Disney and Apple prepare to ramp up the streaming video wars. The results for July through September represented

Tech

Southeast Asia’s mobile payments face shakeout as market booms

Editorial Bureau October 17, 2019

HO CHI MINH CITY/HONG KONG/SINGAPORE – Just next to Ho Chi Minh City’s financial district, two dozen street vendors’ stalls display colorful adverts for e-wallets backed by private equity firm Warburg Pincus, ride-hailing firm Grab and Singapore sovereign wealth fund GIC, among others.  Between them, the stalls – selling everything from crab soup to

Tech

IBM revenue misses on weakness in its biggest unit; shares fall 5%

Editorial Bureau October 17, 2019

– International Business Machines Corp <IBM.N> missed Wall Street estimates for quarterly revenue on Wednesday, as its global technology services unit was hit by weakness in some European markets, sending its shares down 5% in extended trading. IBM, which wrapped up its acquisition of Linux maker Red Hat Inc earlier this year, has faced years […]

Tech

Facebook executive confident Libra will win enough financial backers

Editorial Bureau October 17, 2019

WASHINGTON – Facebook Inc, whose digital currency project Libra has been abandoned by several high-profile partners including PayPal, Visa and Mastercard, still expects to get 100 banks and financial firms on board once it addresses regulatory concerns, the head of the project said on Wednesday. “It will take time for us to address all of […]

Tech

Exclusive: WeWork owner creates committee to decide on financing lifeline – sources

Editorial Bureau October 17, 2019

NEW YORK – WeWork owner, The We Company, has formed a special board committee to consider proposals for a $5 billion financing lifeline from its largest shareholder SoftBank Group Corp and its main lender JPMorgan Chase & Co, four people familiar with the matter said on Wednesday. The office-space sharing company is establishing the committee […]

Tech

How Amazon.com moved into the business of U.S. elections

Editorial Bureau October 16, 2019

WASHINGTON – Amazon.com Inc’s cloud computing arm is making an aggressive push into one of the most sensitive technology sectors: U.S. elections. The expansion by Amazon Web Services into state and local elections has quietly gathered pace since the 2016 U.S. presidential vote. More than 40 states now use one or more of Amazon’s election […]

Tech

Google, Reddit defend tech legal protections ahead of Congress hearing

Editorial Bureau October 16, 2019

WASHINGTON – A 23-year-old law giving technology companies legal protection from lawsuits over user-generated content remains critical to the internet’s future, Alphabet Inc’s Google unit and social media site Reddit Inc said in testimony released on Tuesday. Senior executives from Google, Reddit, the Electronic Frontier Foundation and legal experts are

Tech

Fortnite launches ‘Chapter 2’ after Call of Duty challenge

Editorial Bureau October 16, 2019

– Epic Games’ launched a “Chapter 2” reboot of its battle royale smash hit “Fortnite” on Tuesday, drawing the eyeballs of millions of gamers globally as it bid to halt defections to rivals “Apex Legends” and “Call of Duty”. Fortnite, which as of earlier this year had 250 million registered players, has been down

Tech

Google unveils Pixel 4 phones with radar, more affordable laptop

Editorial Bureau October 16, 2019

NEW YORK/SAN FRANCISCO/BERLIN – Alphabet Inc’s Google unveiled new Pixel smartphones with higher quality cameras, a radar sensor to track hand gestures and faster virtual assistant on Tuesday, but the devices had no surprise features to set them apart from rivals and nix concerns about price. The Pixel 4 phones, in two sizes, headlined a […]

Tech

Harley-Davidson halts electric motorcycle production

Editorial Bureau October 15, 2019

CHICAGO – Harley-Davidson Inc said on Monday it has stopped production and deliveries of its first electric motorcycle after discovering a glitch in the final quality checks. The motorcycle maker said it has discovered a “non-standard condition” with LiveWire, which it began shipping to its dealers late last month, prompting additional testing and