Netflix beats subscriber targets, shares jump over 10 percent Netflix Inc crushed Wall Street forecasts by adding 5.2 million new streaming customers in the second quarter and predicted continued momentum as foreign subscriptions topped those in the United States, lifting its stock 10.4 percent on Monday. Shares of the streaming-television […]
Samsung Elec to recover rare metals from recalled Note 7s Tech giant Samsung Electronics Co Ltd said on Tuesday it plans to recover 157 tonnes’ worth of rare metals from recalled Galaxy Note 7 smartphones in a bid to minimize the environmental impact of the fire-prone devices. Samsung said in […]
Toshiba shares surge after Greenlight stake, U.S. court hearing Toshiba Corp shares jumped on Tuesday after a U.S. hedge fund said it had added a stake and after Western Digital Corp did not gain an immediate injunction to block the $18 billion sale of the Japanese conglomerate’s chip unit. Toshiba […]
Major tech firms, internet providers clash over U.S. net neutrality rules Tech companies clashed with internet service providers on Monday over whether a landmark 2015 net neutrality order barring the blocking or slowing of web content should be scrapped by the U.S. Federal Communications Commission. A group representing major technology […]
U.S. appeals court upholds gag orders on FBI data surveillance A U.S. federal appeals court on Monday upheld nondisclosure rules that allow the FBI to secretly issue surveillance orders for customer data to communications firms, a ruling that dealt a blow to privacy advocates. A unanimous three-judge panel on the […]
Indian e-commerce firm Flipkart lifts bid for rival Snapdeal to up to $950 million Indian e-commerce player Flipkart has sweetened its buyout offer for smaller rival Snapdeal to between $900 million and $950 million, two people familiar with the negotiations said, adding that the new proposal is being evaluated by […]
Tesla driver denies Autopilot system caused Minnesota crash The driver of a Tesla vehicle involved in a crash in Minnesota on Saturday has denied that its Autopilot system caused the incident, according to an email released by the automaker on Monday. The Kandiyohi County Sheriff’s Department said in a statement […]
Qatar says media report reveals UAE role in hack that sparked crisis Qatar said on Monday that a U.S. media report had shown that the United Arab Emirates was involved in an alleged hack of Qatar’s state news agency in late May that helped spark a diplomatic crisis in the […]
Internet outage in violence-plagued Somalia is extra headache for businesses A severed marine cable has left Somalia without internet for weeks, triggering losses for businesses, residents said, and adding a layer of chaos in a country where Islamist insurgents are carrying out a campaign of bombings and killings. Abdi Anshuur, […]
UAE minister denies any hacking of Qatar The United Arab Emirates was not responsible for an alleged hack of Qatari websites which helped spark a month-long diplomatic rift with Doha, the UAE’s minister of state for foreign affairs said on Monday. Speaking at a forum in London, Anwar Gargash also […]
