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United States

Munsif Vengattil

Facebook contractor hikes pay for Indian content reviewers

Aug 19 2019

BENGALURU/SAN FRANCISCO Facebook contractor Genpact has raised minimum wages for the content moderation teams it runs for the Silicon Valley firm in India, the latest sign of improvement for workers after reports of stressful conditions at the social network's sites globally.

Nvidia revenue tops expectations on strength in video gaming, auto units

Aug 15 2019

Nvidia Corp on Thursday said new high-end graphics chips for video gamers was bringing its core business back to "normalized" levels and raising profitability, as the company posted quarterly results ahead of Wall Street targets, sending shares up 5% in extended trading.

Broadcom to buy Symantec's enterprise unit for $10.7 billion in software push

Aug 08 2019

Chipmaker Broadcom Inc said on Thursday it will buy antivirus software maker Symantec Corp's enterprise security unit for $10.7 billion in cash to scale up its software business through deals.

Viacom stages U.S. ad rebound as CBS talks continue

Aug 08 2019

Viacom Inc , the owner of MTV, Comedy Central and Nickelodeon cable networks, beat estimates for quarterly revenue and profit on Thursday, as it posted rare growth in domestic advertising revenue after five years of declines.

New York Times forecasts weakness in digital ads, shares down 12%

Aug 07 2019

The New York Times Co fell short of Wall Street estimates for revenue on Wednesday and warned of declines in digital advertising for the rest of the year, sending its shares down 12%.

Qualcomm outlook clouded by Huawei's smartphone gains in China

Jul 31 2019

Qualcomm Inc's quarterly revenue and profit forecast fell short of Wall Street targets, driven by Huawei Technologies Co Ltd's strong gains in the Chinese smartphone market, the U.S. company said, sending its shares down as much as 6%.

Alphabet shares jump 9% on ad rebound, cloud promise

Jul 26 2019

Shares of Alphabet Inc rose nearly 9% in premarket trading on Friday, after the company handily beat Wall Street targets on higher ad sales and touted growth at its cloud unit, a high-margin business it is leaning more on to drive growth. | Video

Intel says customers stockpiling chips on U.S.-China tension, hikes forecast

Jul 25 2019

Intel Corp forecast current-quarter profit and revenue above estimates and raised its full-year revenue forecast on Thursday, allaying concerns about a global semiconductor sales slowdown and curbs on U.S. sales to China's Huawei Technologies Co Ltd [HWT.UL].

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