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Microsoft beats Wall Street targets on cloud services revenue

Microsoft Corp on Thursday posted quarterly profit and revenue that beat analysts' estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite.

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At patent trial, Groupon casts IBM as shaking down other tech companies

A lawyer for discount e-commerce company Groupon Inc told a court in Delaware on Thursday that International Business Machines Corp has shaken down practically every large tech firm for patent fees.

7:15pm EDT

U.S. weekly jobless claims hit more than 48-and-a-half-year low

WASHINGTON The number of Americans filing for unemployment benefits dropped to a more than 48-1/2-year low last week as the labor market strengthens further, but trade tensions are casting a shadow over the economy's outlook.

12:27pm EDT

Exclusive: Tesla's battery maker suspends cobalt supplier amid sanctions concern

LONDON/TOKYO Panasonic said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its concerns.

Tech, Cuba 2:23pm EDT

Trump slams EU over $5 billion fine on Google

WASHINGTON U.S. President Donald Trump on Thursday criticized the European Union over a record $5 billion fine EU antitrust regulators imposed on Google, saying the bloc was taking advantage of the United States.

4:05pm EDT

Blackstone seeks to boost assets with new fundraising 'super cycle'

NEW YORK Blackstone Group LP , the world's largest manager of assets such as private equity and real estate, is kicking off a fundraising "super cycle" which could see it manage more than half a trillion dollars in assets, its chairman and CEO Stephen Schwarzman said on Thursday. | Video

3:10pm EDT

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