Technology News


Apple denies plan to sell mobile services directly to consumers

FRANKFURT/PARIS - Apple Inc , the world's most profitable mobile phone maker, has denied working on a plan to market communications services directly to consumers and bypass the telecom companies on which it has long relied to sell its products.

Recent Technology News

Marvell Technology wins cut in $1.54 billion Carnegie Mellon patent award

- A U.S. appeals court upheld a jury verdict that Marvell Technology Group Ltd infringed two hard disk drive patents held by Carnegie Mellon University, but said a $1.54 billion damages award against the chipmaker should be reduced significantly.

Sprint reports smaller-than-expected loss; SoftBank to keep stake

- Sprint Corp reported a much smaller-than-expected quarterly loss on Tuesday, and majority owner SoftBank Corp assuaged investors' concerns by saying it had no plans to sell its stake in the wireless carrier.

2:07pm EDT

Charter Communications revenue beats as it adds more Internet users

- U.S. cable company Charter Communications Inc reported a slightly higher-than-expected quarterly revenue as addition of more Internet subscribers offset the impact of a fall in its video customers.

1:28pm EDT

Samsung glamour days over as it fights to save mobile market share

SEOUL - For four years Samsung Electronics Co Ltd has basked in the success of its Galaxy smartphones, making billions of dollars competing with Apple Inc in the premium mobile market.

5:11am EDT

United Airlines CFO Rainey moves to same position at PayPal

- United Continental Holdings Inc Chief Financial Officer John Rainey has left the fourth-biggest passenger air carrier in the United States to take up the same role at PayPal Holdings Inc , the companies said Tuesday.

3:38pm EDT