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Technology News


Alphabet posts strong revenue on video market, stock surges

Alphabet Inc, Google's parent, posted a 21.3 percent increase in second-quarter revenue, exceeding analysts' expectations, as the tech giant continued to nudge its vast advertising business toward mobile and capitalized on the boom in video.

Recent Technology News

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.

6:36pm EDT

Expedia revenue misses estimates, mulls listing for Trivago

Expedia Inc reported lower-than-expected quarterly revenue due to higher promotions for its member loyalty program and discounts to promote new hotel listings, sending the company's shares down more than 6 percent in extended trading.

6:53pm EDT

Baidu posts biggest profit decline since going public

Baidu Inc , China's largest Internet search company, posted its steepest-ever quarterly profit decline and slowest growth in revenue in nearly eight years, hit by a healthcare scandal that ensnared the company this year.

5:15pm EDT

Vivendi considers suing Mediaset for defamation: spokeswoman

PARIS French media giant Vivendi is considering suing Mediaset for defamation after the Italian broadcaster denounced what it sees as an unacceptable u-turn on a deal regarding its pay-TV arm Premium.

Deals 4:02pm EDT

Mercedes rejects claims about 'misleading' self-driving car ads

FRANKFURT Mercedes-Benz has defended an advertising campaign for its new E-Class against allegations that consumers were being misled about the car's self-driving capabilities, the latest backlash by consumer groups in the wake of a fatal Tesla accident.

10:55am EDT