Technology News Headlines

Microsoft profit falls on sluggish Windows, currency pressure

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SEATTLE - Microsoft Corp on Monday reported a fall in its quarterly profit that was in line with Wall Street forecasts, as sluggish personal computer sales dampened demand for Windows software and the company struggled with the impact of the strong U.S. dollar.

5:16pm EST

Telecom network spending seen rising this year amid 4G boom

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PARIS/STOCKHOLM - Europe's telecoms equipment makers look set for an unpredictable year because of consolidation among their operator customers and a slowdown of buildouts of faster mobile networks, known as 4G, in the United States and China.

2:18pm EST

Larger-than-usual move for Yahoo shares expected after results

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NEW YORK - Yahoo Inc's shares are expected to move nearly twice as much as they have following other recent earnings reports when the company announces fourth-quarter results on Tuesday, options data showed.

2:16pm EST

IBM dismisses Forbes report of massive layoffs

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- IBM dismissed on Monday a Forbes magazine report claiming the technology firm is preparing to cut about 26 percent of its workforce, which would represent its biggest-ever layoffs.

1:10pm EST

AT&T to buy NII Holdings' wireless business in Mexico

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- AT&T Inc said on Monday it would buy bankrupt NII Holdings Inc's wireless business in Mexico for $1.875 billion in a move to create a larger Mexican wireless player that will have a better chance of competing with No. 1 America Movil .

Tech, Deals, Mexico 5:13pm EST

U.S. bitcoin exchange makes debut

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NEW YORK - Bitcoin payments processor Coinbase on Monday opened a regulated exchange in the United States for trading the virtual currency, the company said.

3:16pm EST

Turkish court orders Facebook to block pages insulting Mohammad: media

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ANKARA - A Turkish court has ordered Facebook to block a number of pages deemed insulting to the Prophet Mohammad, threatening to stop access to the whole social networking site if it does not comply, state broadcaster TRT reported.

World, Tech, Facebook 10:51am EST

Malaysia Airlines website targeted by hacker group 'Cyber Caliphate'

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KUALA LUMPUR - A group calling itself "Official Cyber Caliphate" said it hacked on Monday the official website of national carrier Malaysia Airlines (MAS), but the airline said its data servers remained intact and passenger bookings were not affected. | Video

Europe's telecoms heavyweights call for lighter 'net neutrality' rules

BRUSSELS - The European Union should not force telecoms operators to treat all the traffic on their networks equally as it crafts rules on "net neutrality", several industry bodies said on Monday.

12:49pm EST

Lenovo's Motorola looks to take market share from China rivals

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BEIJING - Motorola, the mobile handset maker bought by China's Lenovo Group Ltd from Google Inc for $2.9 billion, is optimistic about its prospects in the Chinese market, its president told Reuters.

Tech, China 7:24am EST
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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.