Technology News


Twitter announces layoffs as CEO Dorsey looks to revive growth

- Twitter Inc will lay off up to 336 employees, or about 8 percent of its workforce, as co-founder Jack Dorsey readies to revive growth in the microblogging service provider's user base in his second stint as chief executive.

Recent Technology News

Activist Ancora threatens another proxy fight at Shutterfly

- Activist investor Ancora Advisors on Tuesday ramped up pressure on Shutterfly Inc, saying in a letter that the digital imaging company has failed to quickly address concerns that shareholders voiced earlier this year, and threatened another proxy fight.

12:09pm EDT

New York Times offers daily digital access with newsstand copies

- The New York Times Co said it will offer unlimited access to its website and mobile app for a day to anyone who buys a paper from a newsstand starting Tuesday.

10:07am EDT

India drafts rules to regulate Uber, other ride-hailing firms

NEW DELHI - India has drafted guidelines to regulate ride-hailing companies, including U.S.-based Uber [UBER.UL] and its domestic rival Ola, for the first time laying down federal rules that could end months of uncertainty on how they operate in the country.

9:33am EDT

Japan state fund open to discussing investment in Sharp

TOKYO - The Innovation Network Corp of Japan, a government-backed fund that has rescued loss-making electronics companies, is open to discussing a possible investment in Sharp Corp if the company seeks help, INCJ's president said on Tuesday.

7:18am EDT

UAE's Etihad Airways signs $700 million IT deal with IBM

ABU DHABI - Abu Dhabi's Etihad Airways has signed a 10-year $700 million deal with IBM for a range of information technology services and infrastructure, the companies said on Tuesday.

6:45am EDT