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U.S. considers 'proportional' response to Sony hacking attack

WASHINGTON - The United States said on Thursday a cyber attack on Sony Pictures was a serious national security matter and the Obama administration was considering a proportional response, although the White House stopped short of blaming North Korea. | Video

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IBM says cloud business enjoying 'breakthrough year'

LONDON - IBM aims to expand the number of data centers it offers clients around the world by 25 percent to meet fast-rising demand for internet-based services, after what a company executive said has been a "breakthrough year" in 2014 for its cloud computing business.

Media 9:06am EST

Rise of the car-sharing apps poses threat to auto sector

LONDON - The humble smartphone could throw a spanner in the works of the car sector's post-crisis turnaround, with the big manufacturers facing a long-term threat from apps that make it easier and cheaper to share or hire vehicles than to buy them.

10:23am EST

GE to launch breakdancing documentary for streaming devices

- U.S. industrial conglomerate General Electric Co plans to release its first feature film through video streaming devices like Roku and Apple TV in a marketing effort that raises the bar for sponsored content.

Film, Media 10:10am EST

New York regulator lays out tweaks to bitcoin rules

WASHINGTON - New York state plans to soften proposed rules for virtual currencies such as bitcoin, its banking regulator said on Thursday, after receiving a round of public comments.

2:54pm EST

Accenture raises full-year revenue forecast after strong first-quarter

- Consulting and outsourcing company Accenture Plc raised its revenue forecast for fiscal 2015 after contract wins helped the company post better-than-expected first-quarter earnings and revenue.

Media 11:00am EST

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