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Alphabet and Amazon wind up stellar quarter for big tech

Google parent Alphabet Inc and e-commerce giant Amazon.com Inc capped a blockbuster June quarter for the five biggest U.S. tech companies as their dominance in key markets helped them defy the "law of large numbers".

Recent Technology News

Investments in online lenders fall 44 percent as investors shy from risks

SAN FRANCISCO Investments into online lending platforms have fallen sharply this year, according to a new report, largely a reaction to the woes at Lending Club and increased regulatory scrutiny that have made investors shy away from the risks.

Money 12:03pm EDT

Exclusive: FBI probes hacking of Democratic congressional group - sources

SAN FRANCISCO/WASHINGTON The FBI is investigating a cyber attack against another U.S. Democratic Party group, which may be related to an earlier hack against the Democratic National Committee, four people familiar with the matter told Reuters.

Mercedes pulls U.S. E-Class ad touting self-driving car

FRANKFURT Mercedes-Benz has withdrawn an advert in the United States which compared its new E-class with a futuristic self-driving concept car following allegations from local consumer groups that the marketing claims were misleading.

9:00am EDT

Mediaset says Vivendi aware of pay-TV unit data before signing deal

MILAN Vivendi already had access to a business plan for Mediaset's pay-TV unit before agreeing to buy it, the Italian broadcaster said on Friday as the two companies kept trading punches over a u-turn by the French media firm on the deal.

Deals 11:33am EDT

Exclusive: New York Fed asks Philippines to recover Bangladesh money

DHAKA The Federal Reserve Bank of New York has asked the Philippines' central bank to help Bangladesh Bank recover the $81 million that was stolen by hackers in February from its account held at the Fed, boosting Dhaka's efforts to retrieve the money.

World, Cybersecurity 10:30am EDT