Edition:
United States

Sayanti Chakraborty

Oracle rises on strong quarterly forecast driven by licenses, cloud services

Jun 19 2019

Oracle Corp on Wednesday forecast current-quarter profit above estimates, as the business software maker benefited from demand for its on-premise IT, cloud services and license support businesses, sending its shares up as much as 7% in extended trading.

Broadcom sees chip demand slowing down, shares fall 8%

Jun 13 2019

Broadcom Inc on Thursday warned of a broad slowdown in chip demand, blaming a trade conflict between the United States and China and export restrictions on Huawei Technologies Co Ltd and the chipmaker cut its revenue forecast for the year by 8%.

Box shares fall 13% as forecast hit by longer sales cycle

Jun 03 2019

Box Inc on Monday cut its full-year forecast below analysts' estimates, citing longer sales cycles from larger deals, sending its shares down 13% in extended trading.

Workday beats revenue and profit estimates on higher subscriptions

May 28 2019

Workday Inc reported better-than-expected quarterly profit and revenue on Tuesday, as it enrolled more companies for its cloud-based financial and human resources software.

U.S. judge says Qualcomm violated antitrust law; appeal planned, shares plunge

May 22 2019

Qualcomm Inc illegally suppressed competition in the market for smartphone chips by threatening to cut off supplies and extracting excessive licensing fees, a U.S. judge ruled, a decision that could force the company to overhaul its business practices. | Video

Apple's Webkit to launch new privacy feature for ad tracking

May 22 2019

Apple Inc said on Wednesday its browser engine Webkit will launch a new technology to track advertising clicks and whether they lead to a product purchase while preserving the privacy of users.

Nvidia revenue forecast beats as demand for gaming chip rises

May 16 2019

Nvidia Corp forecast second-quarter revenue above Wall Street estimates on Thursday, as it expects sales of its graphics chip to benefit from a recovery in the gaming market.

UPDATE 3-Nvidia revenue forecast beats as demand for gaming chip rises

May 16 2019

May 16 Nvidia Corp forecast second-quarter revenue above Wall Street estimates on Thursday, as it expects sales of its graphics chip to benefit from a recovery in the gaming market.

World News

Iran says U.S. sanctions on Khamenei mean end of diplomacy

New U.S. sanctions against Iran's supreme leader and foreign minister have closed off diplomacy, Iran said on Tuesday, blaming the United States for abandoning the only route to peace just days after the two foes came within minutes of conflict.