- China's Weibo Corp will be valued at a lower-than-expected $3.46 billion when it goes public on the Nasdaq on Thursday, amidst concerns about the microblogging service's slowing user growth and the country's highly censored media environment.
Recent Technology News
NEW YORK - Wal-Mart Stores Inc said on Wednesday that it will announce a new service with electronic payments provider Euronet Worldwide Inc on Thursday, but gave no other details.
TAIPEI - Taiwan Semiconductor Manufacturing Co Ltd (TSMC) reported its 8th straight quarter of profit growth, as the world's largest contract chip maker booked wider profit margins following a boost in demand from mobile device manufacturers.
FRANKFURT - German labor union Verdi has called on workers at online retailer Amazon in Germany to go on strike on Thursday as a long-running pay dispute continues.
SAN FRANCISCO - Disappointing results from Google Inc and IBM may unnerve investors shaken by a strong recent selloff in tech stocks, underscoring the challenges the Internet and IT sectors face as corporate report cards come due in coming weeks.
- Yahoo Inc's Chief Executive Marissa Mayer is working on a plan to persuade Apple Inc to ditch Google as its default search engine in favor of Yahoo, technology news site Re/code reported, citing sources within Yahoo.
- Asian stocks creep ahead, tech sector a drag
- IBM's quarterly revenue sinks to 5-year low as hardware sales fall
- Argentina's fight with bondholders reaches U.S. top court
- Citi received mixed signals from the Fed on 'stress test': WSJ
- Leash on expenses helps AmEx counter muted user spending
- Weak U.S. prices, not inflation, the threat now: Fed's Yellen |
- Car sales upturn fails to halt European price war
- GM to seek court protection against ignition lawsuits
- U.S. industry shows some vigor, but housing soft