Tech biz

Samsung 3Q profit guidance beats estimates despite Note 7 woes

Tech giant Samsung Electronics Co. said it expects third-quarter operating profit grew 5.6 percent, beating estimates, as a pickup in chip and display earnings likely offset the impact of the Galaxy Note 7 smartphone recall. Full article

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Samsung faces potential class action in US over Note 7

As of 10/19/16 2:58 PM
BENGALURU - Samsung Electronics Co Ltd's U.S. unit is facing a proposed class action lawsuit from three Galaxy Note 7 customers, according to a filing in a federal court in Newark, New Jersey. Full article

Top Twitter suitor walks away: report

As of 10/15/16 10:35 AM
SAN FRANCISCO - Twitter shares nose-dived on Friday after the Financial Times reported a top suitor walked away, making it likely the one-to-many messaging service will be left to fly solo. Full article

Airbnb raises $555M to grow globally

As of 09/23/16 10:18 AM
Home sharing giant Airbnb just raised $555 million and is seeking even more in a funding round that values the company at $30 billion, a source close to the company told AFP. Full article

Twitter launches live streaming apps on several platforms

As of 09/15/16 4:47 AM
Amid an increasing demand for live video services, Twitter is strengthening its position in the same segment as it launches a new live streaming app for several platforms, all aimed at distributing live videos on otherwise non-traditional platforms.  Full article

Facebook adds 360-degree photos to newsfeed

As of 06/10/16 3:40 PM
Facebook Inc. on Thursday launched a feature that allows users to upload photos with 360-degree views. Full article

IBM signs $300-M IT deal with Emirates Airline

As of 06/07/16 4:15 PM
IBM on Tuesday said it signed a $300 million, ten-year technology services agreement with Dubai’s Emirates Airline. Full article

Huawei sues Samsung over wireless patents

As of 05/25/16 6:52 PM
WASHINGTON - Chinese technology titan Huawei said Tuesday it filed suit in the United States against Samsung, claiming its South Korean rival has infringed on patents on wireless connectivity for mobile devices. Full article

Microsoft to trim smartphone business, plans to cut 1,850 jobs

As of 05/25/16 6:39 PM
Microsoft Corp. said on Wednesday it will trim down its smartphone business by cutting 1,850 jobs, most of them in Finland, and write down $950 million from the operation. Full article

Facebook changes policies on 'Trending Topics' after criticism

As of 05/24/16 4:39 PM
SAN FRANCISCO - Facebook Inc. said on Monday that it had changed some of the procedures for its "Trending Topics" section after a news report alleging it suppressed conservative news prompted a U.S. Congressional demand for more transparency. Full article

WhatsApp strengthens encryption in wake of iPhone case

As of 04/06/16 10:47 AM
WASHINGTON - Facebook on Tuesday announced it had bolstered the default encryption settings for the more than one billion users of its popular WhatsApp messaging service so that all messages will now be accessible only to the sender and recipient. Full article