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Alphabet beats Wall Street estimates; revenue up 21 percent

Alphabet Inc surpassed expectations for quarterly revenue and earnings on Monday, reporting higher advertising sales across its platforms and trying to move past a record $2.7 billion European Union fine by taking the entire charge at once.

Recent Technology News

LedgerX gets U.S. approval for derivatives on digital currencies

NEW YORK The U.S. Commodity Futures Commission said on Monday it has granted New York-based LedgerX, a bitcoin options exchange, the first license to clear and settle derivative contracts for digital currencies.

4:23pm EDT

Samsung takes aim at TSMC with plans to triple chip foundry market share

YONGIN, SOUTH KOREA Samsung Electronics plans to triple the market share of its contract chip manufacturing business within the next five years by aggressively adding clients, a senior company executive said, as it targets new growth drivers for the chips business.

South Korea 8:35am EDT

U.S. venture capital's digital coin quandary: cash-rich startups

NEW YORK U.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge - some of the hottest tech startups that sell the coins just don't need their money. | Video

Deals, 3:11pm EDT

Exclusive: Germany wants more EU sanctions on Russia over Siemens Crimea turbines - sources

BRUSSELS Germany is urging the European Union to add up to four more Russian nationals and companies to the bloc's sanctions blacklist over Siemens gas turbines delivered to Moscow-annexed Crimea, two sources in Brussels said.

Jana Partners invests in Pandora seeing growth opportunity

NEW YORK Jana Partners has made an investment in Pandora Media Inc., according to a person familiar with the matter, seeing the stock as under-valued with an opportunity to grow its advertising revenue.

10:37am EDT