Sai Sachin R

Mobileye split with Tesla spurs debate on self-driving tech

Jul 26 2016

BENGALURU/DETROIT A rift between Tesla Motors Inc and key supplier Mobileye NV sent down shares of the Israeli maker of chips for the electric vehicle maker's semi-automated Autopilot system and fanned debate on self-driving vehicle technology.

Intel's slowing data center growth overshadows strong profit

Jul 20 2016

Intel Corp on Wednesday reported slower revenue growth at its data center business, which makes semiconductors used in high-end servers, overshadowing a better-than-expected quarterly profit.

Facebook makes little progress in race, gender diversity: report

Jul 14 2016

Facebook Inc's employees are still mainly white or Asian males as the world's largest social network made little progress in hiring a more diverse talent pool over the past year, it said on Thursday.

CEO pay in 2015 tamed by bond yields, Fed expectations

Jun 14 2016

Chief executives of the biggest U.S. corporations saw their pay rise in 2015 at the slowest rate in seven years, but it's not because their boards were suddenly getting tough.

Fitbit profit forecast trails estimates, shares gasp

May 04 2016

Wearable fitness device maker Fitbit Inc's profit forecast for the current quarter fell far short of analysts' estimates, overshadowing a strong first-quarter report, sending the company's shares down 13 percent in after-hours trading.

Sprint's loss widens, vows to cut $2 billion in costs this year

May 03 2016

Sprint Corp on Tuesday reported a wider quarterly loss and added fewer subscribers than expected, but vowed to cut more than $2 billion in costs in the current fiscal year to stop the red ink. Sprint shares, which had fallen about 4 percent so far this year, jumped as much as 5.7 percent on Tuesday before easing, up 1 percent at $3.53.

Viacom narrows down bidders for Paramount stake to handful: CEO

Apr 28 2016

Viacom Inc has narrowed the number of bidders for a minority stake in its Paramount Pictures movie studio from more than 40 to a handful and expects to begin negotiations late next month, Chief Executive Officer Philippe Dauman told analysts on Thursday morning.

EBay attracts more shoppers, earnings beat expectations

Apr 26 2016

EBay Inc reported better-than-expected quarterly earnings on Tuesday and raised its full-year revenue forecast as a revamped shopping platform attracted more buyers, mitigating growth concerns following its spinoff of PayPal Holdings Inc.

T-Mobile swings to a profit driven by customer gains

Apr 26 2016

T-Mobile US Inc on Tuesday swung to a profit and raised its 2016 forecast for customer additions, as competitively priced plans and free video streaming options helped it add over 1 million new monthly subscribers for the seventh consecutive quarter. | Video

USA Today publisher Gannett offers to buy Tribune Publishing

Apr 25 2016

Tribune Publishing Co is reviewing an unsolicited and possibly unwelcome $815 million takeover bid from Gannett Co Inc, a move by Gannett to gain scale as the newspaper industry continues to consolidate.

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