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Xerox's profit tops estimates on lower restructuring costs

Xerox Corp reported a higher-than-expected quarterly profit as the printer and copier maker recorded lower restructuring charges.

Recent Technology News

Alphabet posts strong revenue on video market, stock surges

Alphabet Inc, Google's parent, on Thursday revealed that efforts to push its vast advertising business toward mobile is paying off as second quarter earnings handily beat Wall Street's expectations.

Jul 28 2016

Don't play Pokemon on the railway tracks, Bulgaria says

SOFIA This one might seem obvious, but.... Bulgarian state railway company BDZ is urging players of Pokemon GO to keep off the railway tracks.

6:52am EDT

Amazon tops Wall Street targets, lifted by cloud revenue

Amazon.com Inc posted strong results across its older and newer businesses on Thursday as global Web retail sales and cloud services topped Wall Street targets and the world's largest online merchant forecast revenue would outpace expectations in the current quarter as well.

Jul 28 2016

Microsoft to cut 2,850 more jobs

Microsoft Corp said it would cut about 2,850 more jobs over the next 12 months, taking its total planned job cuts to up to 4,700, or about 4 percent of its workforce.

Jul 28 2016

Panasonic to raise $3.9 billion, partly to finance Tesla plant investment

TOKYO Japan's Panasonic Corp said on Friday it would raise up to 400 billion yen ($3.86 billion) in corporate bonds, partly because it needs to bring forward its investment in a Tesla Motors Inc battery factory.

5:12am EDT