News Articles on {?keyword?} | ABS-CBN News

High-flying tech giants buffeted by turbulent times, earnings show

Glenn Chapman, Agence France-Presse
Posted at Apr 29 11:37 AM

Tech giants that saw good times during the pandemic are dealing with a "hangover" compounded by inflation and the war in Ukraine, analysts have said after earnings released this week. Read more »

Meta's shock share price drop shakes world tech

ABS-CBN News
Posted at Feb 03 08:46 PM

Shares in Facebook owner Meta fell 20 percent in US premarket trade on Thursday after the social media giant issued a dismal forecast. Read more »

Google to give additional staff bonus this year

Maria Ponnezhath, Reuters
Posted at Dec 09 08:16 AM

Alphabet Inc's Google said on Wednesday it will give an additional bonus to its employees globally this year, as the tech giant pushes back its return-to-office plan. Read more »

Russia's Yandex launches fleet of electric scooters in Moscow

Reuters
Posted at Jul 07 04:41 PM

Russian tech giant Yandex will launch an electric scooters rental service in Moscow on Wednesday, the company said, tapping into surging demand across the city. Read more »

G7 global tax plan may hit corporate titans unevenly

Tom Bergin, Reuters
Posted at Jun 11 08:29 AM

An agreement by wealthy nations aimed at squeezing more tax out of large multinational companies could hit some firms hard while leaving others - including some of the most frequent targets of lawmakers’ ire - relatively unscathed, according to a Reuters analysis. Read more »

Google sales top estimates on ad surge; Alphabet plans $50B buyback

Paresh Dave and Subrat Patnaik, Reuters
Posted at Apr 28 07:00 AM

The results are the first sign that Google services may hold on to gains in usage brought on by lockdowns and other pandemic restrictions. Read more »

Alibaba shares soar as it plays down hit from record $2.78-billion fine

Agence France-Presse
Posted at Apr 12 04:44 PM

Shares in tech giant Alibaba surged nine percent Monday as the e-commerce titan reassured investors that a record $2.78 billion antitrust fine imposed by China would have little impact on its operations.   Read more »

Google's war on all fronts over media, competition and tax

Vanessa Carronnier, Agence France-Presse
Posted at Oct 21 06:58 AM

Californian internet giant Google faces a growing list of battles around the world, from tussles in Europe and Australia over fair compensation for media outlets to competition probes on both sides of the Atlantic. Read more »

Samsung Electronics profit likely at 2-year high after Huawei chip orders, phone recovery

Joyce Lee and Hyunjoo Jin, Reuters
Posted at Oct 08 08:57 AM

Samsung Electronics Co Ltd's third-quarter profit likely jumped 58 percent to its highest in two years, beating estimates from analysts who pinned the rise on smartphone sales recovery and a rush order of chips from Huawei Technologies Co Ltd. Read more »

U.S. expected to sue Google next week as DOJ seeks support from states

Reuters
Posted at Sep 30 08:40 AM

The U.S. Justice Department is expected to sue Alphabet's Google as soon as next week, and is currently urging state attorneys general to sign onto the lawsuit, according to three sources familiar with the process.   Read more »

Facebook quarterly profit rockets despite ad boycott, pandemic

Agence France-Presse
Posted at Jul 31 08:47 AM

Facebook reported Thursday that its quarterly profit had nearly doubled and users grew despite a boycott by advertisers and the pandemic-induced economic turmoil. Read more »

Amazon hit from all sides as crisis highlights growing power

Julie Jammot, Agence France-Presse
Posted at May 17 12:17 PM

As Amazon becomes an increasingly important lifeline in the pandemic crisis, it is being hit with a wave of criticism from activists, politicians and others who question the tech giant's growing influence.   Read more »