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Amazon's heavy investing eats into bottom line, shares drop

SAN FRANCISCO - Amazon.com Inc posted a much larger-than-expected loss in the second quarter as it continues its rapid pace of investment in new businesses such as digital content and consumer electronics. | Video

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Nortel Networks to pay U.S. bondholders up to $1 billion in interest

WILMINGTON Del. - Nortel Networks Inc, the U.S. unit of defunct Canadian telecom company Nortel Networks Corp, has agreed to pay up to about $1 billion in interest that has accrued on the $3.9 billion it owes to its U.S. bondholders, a court filing showed.

24 Jul 2014

Taiwan's Acer shipments grew faster than industry average in second quarter: CEO

TAIPEI - Taiwan's Acer Inc saw quarter-on-quarter shipments growth that exceeded the PC industry average in the April-June period, the company's chief executive said.

24 Jul 2014

Facebook shares hit record high as market likes earnings

- Shares of Facebook Inc hit a record high on Thursday after a surge in mobile advertising revenue helped the world's No. 1 social network trounce analysts' expectations for quarterly profit and revenue. | Video

Media, Facebook 24 Jul 2014

Amazon's 'Fire' smartphone contains chips from Qualcomm, Samsung, NXP

SAN FRANCISCO - Amazon.com Inc's new "Fire" smartphone contains chips from Qualcomm Inc, NXP Semiconductors NV, and Samsung Electronics Co Ltd, according to repair and teardown specialists iFixit, which pried one open on Thursday.

Media 24 Jul 2014

U.S. app to help emergency responders communicate in crisis

NEW YORK - A mobile app from a law enforcement technology firm could soon allow emergency responders from different agencies to communicate seamlessly with each other in a crisis for the first time, sharing files and conducting impromptu conference calls.

Media 24 Jul 2014

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