Sears to sell Kenmore appliances on Amazon; shares jump Sears Holdings Corp’s shares soared as much as 24 percent after the struggling retailer said it would sell its Kenmore home appliances on Amazon.com and integrate the brand’s smart gadgets with the online giant’s Alexa digital assistant. The deal will expand […]
Facebook in talks with publishers on supporting subscription models Facebook Inc (FB.O) is in early talks with several news publishers about how its social media site can better support subscription business models, the company’s head of news partnerships, Campbell Brown, said in a statement on Wednesday. The statement comes a […]
Amazon launches shopping social network Spark for iOS Amazon.com Inc (AMZN.O) has launched a social feature called Spark that allows members to showcase and purchase products on its platforms, the retail giant’s first clear move into the world of social media. Spark, which is currently only available for Amazon’s premium […]
Qualcomm’s profit forecast disappoints as Apple battle takes toll Qualcomm Inc (QCOM.O) forecast fourth-quarter profit below analysts’ estimates as the company’s escalating patent battle with Apple Inc (AAPL.O) continues to take a toll on its licensing business. Shares of the company were down 2.3 percent at $55.40 after the bell […]
T-Mobile quarterly results top estimates as subscribers grow T-Mobile US Inc’s quarterly results topped analysts’ estimates as the No. 3 U.S. wireless carrier on Wednesday reported record low customer attrition and said it was considering a quarterly dividend. T-Mobile has been gaining share from larger competitors AT&T Inc and Verizon […]
Four Apple contractors accuse Qualcomm of antitrust violations iPhone chip supplier Qualcomm Inc (QCOM.O) faces a new set of antitrust allegations from a group of four companies that assemble the iPhone and other products on behalf of Apple Inc (AAPL.O). Foxconn parent Hon Hai Precision Industry Co (2317.TW), Wistron Corp […]
U.S. House panel approves broad proposal on self-driving cars A U.S. House panel on Wednesday approved a sweeping proposal by voice vote to allow automakers to deploy up to 100,000 self-driving vehicles without meeting existing auto safety standards and bar states from imposing driverless car rules. Representative Robert Latta, a […]
After 17 years, S&P tech index breaks record It took 17 years, but the S&P 500 information technology index has finally recovered from the implosion of the dot-com bubble. The index .SPLRCT of over 60 of the United States’ largest technology companies on Wednesday rose 0.6 percent to close at […]
Austrian activist, 25,000 supporters seek right to bring class-action suit against Facebook The Court of Justice of the European Union (ECJ) heard arguments on Wednesday over whether to allow a class action suit against Facebook, brought by Austrian privacy activist Max Schrems – and about 25,000 other users across the […]
RadioShack brand to survive under new owner: sources The RadioShack brand will live on after a family office already owed $23 million by the bankrupt U.S. electronics chain agreed to assume ownership of it, as no other buyers submitted better bids this week, people familiar with the matter said. An […]
