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Apple cuts first-quarter production plan for new iPhones by 10…

(Reuters) – Apple Inc (AAPL.O), which slashed its quarterly sales forecast last week, has reduced planned production for its three new iPhone models by about 10 percent for the January-March quarter, the Nikkei Asian Review reported on Wednesday. That rare for... More »

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Apple warning shakes European shares as tech stocks tumble

LONDON (Reuters) – Apple’s first sales warning in nearly 12 years sent European shares sliding on Thursday, with the tech sector particularly badly bruised as chipmakers that supply the iPhone maker fell sharply. The pan-European STOXX 600 fell 0.9 percent as ... More »

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Exclusive: Foxconn to begin assembling top-end Apple iPhones in…

MUMBAI/DELHI (Reuters) – Apple Inc will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source famili... More »

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Weekend protests led to 17 percent fewer visitors to French…

PARIS (Reuters) – Last weekend’s anti-government protests resulted in a 17 percent drop in the number of visitors to French shopping centers, said a body representing the French shopping center industry on Monday. Earlier on Monday, both the French Finance Min... More »

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Chinese state media distance Huawei arrest from U.S. trade talks

BEIJING (Reuters) – Chinese state media on Monday denounced the arrest of a top executive at tech giant Huawei HWT.UL, but did not link it to talks to resolve a trade dispute with the United States, an apparent effort not to undermine prospects for a deal. Sen... More »

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Australian watchdog wants a regulator for dominant Google, Facebook

SYDNEY (Reuters) – Australia’s competition watchdog on Monday recommended tougher scrutiny and a new regulatory body to check the dominance of tech giants Facebook Inc and Alphabet Inc’s Google in the country’s online advertising and news markets. The recommen... More »

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Australian regulator says probe of tech giants spurs five…

SYDNEY (Reuters) – Australia’s competition regulator says it has five investigations afoot as a result of its examination of the market power and public influence of tech giants such as Facebook Inc and Alphabet Inc’s Google. “We have five investigations under... More »

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Verizon, Samsung to release 5G smartphones in U.S. in 2019

(Reuters) – Verizon Communications Inc and Samsung Electronics Co Ltd on Monday confirmed long-held industry expectations they would seek to steal a march on Apple Inc by launching U.S. 5G smartphones in the first half of 2019. The two companies said in a stat... More »

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Trump tweets China to cut tax on U.S.-made cars, revs up auto stocks

WASHINGTON/SHANGHAI (Reuters) – U.S. President Donald Trump said China had agreed to cut import tariffs on American-made cars, buoying shares in BMW and Daimler AG who manufacture in the United States for export to the world’s biggest auto market. Shares of Ch... More »

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Expanded ProSieben-Discovery streaming venture gets German…

FRANKFURT (Reuters) – Germany’s anti-trust regulator said on Monday it had given its blessing for German broadcaster ProSiebenSat.1 Media SE and U.S. Discovery Inc to expand their joint video streaming platform. The expanded 7TV venture will include content fr... More »

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House Republicans query Apple, Alphabet on privacy, data practices

(Reuters) – Four senior U.S. House Republicans sent letters on Monday to the chief executives of Apple Inc (AAPL.O) and Google parent Alphabet Inc (GOOGL.O) asking questions about location data and mobile phone privacy practices and the handling of customer da... More »

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Samsung Electronics profit growth slows on smartphone weakness

SEOUL (Reuters) – South Korean tech giant Samsung Electronics Co Ltd (005930.KS) estimated on Friday earnings grew at the slowest pace in more than a year in the second quarter, as analysts said weak smartphone sales likely offset record high chip earnings. Sa... More »

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Halfway through, 2018 delivers little to S&P 500 investors

SAN FRANCISCO (Reuters) – Halfway through 2018, investing in Wall Street’s leading S&P 500 stock index has been nothing to shout about. The index of about 500 of the largest U.S. corporations has risen 1.7 percent year to date, far short of its 8 percent incre... More »

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Apple rebuilds mapping app, but will still tap TomTom

(Reuters) – Apple Inc is rebuilding the widely used mapping application on its iPhones from the ground up with its own dataset, but Amsterdam-based TomTom NV will continue to be a data provider for Apple’s maps app, Cupertino, California-based Apple told Reute... More »

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Independent record labels get boost from streaming music services

(Reuters) – For decades, independent record labels have dreamed that if only they had the massive budgets to get their artists in front of music fans, the fans would love the music – and maybe even choose it over offerings from major record labels. Now, with s... More »

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Bain says will help Toshiba Memory pursue big acquisitions

TOKYO (Reuters) – Bain Capital, which led the $18 billion acquisition of Toshiba Memory Corp, said on Monday it plans to support the business in pursuing M&A in the chip industry, including potentially large deals. The world’s No. 2 maker of NAND chips is expe... More »

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Apple approves update to messaging app Telegram amid Russia flap

SAN FRANCISCO (Reuters) – Apple has approved an updated version of the Telegram messaging service, a day after Telegram complained that it had been prevented from getting software improvements into the hands of iPhone owners worldwide. Telegram Chief Executive... More »

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Sony’s push into entertainment aims for stability, not splashiness

TOKYO (Reuters) – Sony Corp’s (6758.T) new chief executive is embracing entertainment content, but for now appears to be steering clear of direct competition with tech giants such as Apple Inc (AAPL.O) and Netflix Inc (NFLX.O). The company last week announced ... More »

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Apple said to have chosen OLED for new iPhones- Japan Display…

TOKYO/SEOUL (Reuters) – Apple Inc has decided to use OLED screens in all three new iPhone models planned for next year, according to South Korea’s Electronic Times – a report that sent shares in Japan Display tumbling 10 percent. Japan Display, one of the main... More »

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Apple and Buffett saw value, and acted

SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) was not the only one to leap on a chance to buy its stock at a fat discount last quarter as Warren Buffett stepped in to scoop up an additional 75 million shares for Berkshire Hathaway (BRKa.N) at the same time. Bet... More »

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Buffett craves more Apple shares, endorses its buybacks

OMAHA, Neb. (Reuters) – Billionaire Warren Buffett has been buying a boatload of Apple Inc shares and on Saturday suggested he would buy even more shares at the right price. At Berkshire Hathaway Inc’s annual shareholder meeting, Buffett credited Apple with de... More »

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The wit and wisdom of Warren Buffett, ‘Oracle of Omaha’

NEW YORK (Reuters) – Billionaire investor Warren Buffett and Berkshire Hathaway Inc Vice Chairman Charlie Munger are answering five hours of questions from shareholders, journalists and analysts at Berkshire’s annual meeting in Omaha, Nebraska. The weekend kno... More »

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Buffett owns 5 percent of Apple. He’d like to own more

OMAHA, Neb. (Reuters) – Warren Buffett said he would be happy if his conglomerate Berkshire Hathaway Inc owned more than 5 percent of Apple Inc’s stock, including if the iPhone maker bought back more of its shares. Buffett made his assessment before tens of th... More »

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Apple hits record high after Buffett’s Berkshire increases stake

(Reuters) – Apple Inc’s stock hit an all-time high on Friday after Warren Buffett’s Berkshire Hathaway Inc disclosed it bought an additional 75 million shares of the iPhone maker in the first three months of the year. Buffett’s increased stake, which was confi... More »

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Trading in Samsung Electronics shares surges after stock split

SEOUL (Reuters) – Shares in Samsung Electronics Co Ltd (005930.KS) dipped slightly on Friday but trading activity surged after a 50:1 stock split aimed at making it easier for retail investors to buy into the South Korean technology giant. The shares were trad... More »

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Intel soars after brighter forecast for data centers, memory

(Reuters) – Intel Corp (INTC.O) beat earnings expectations for the first quarter and raised its full-year revenue and profit forecasts on Thursday, driven by the biggest-ever quarterly jump in its data center business and small-but-steady growth in its persona... More »

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South Dakota e-commerce sale tax fight reaches U.S. Supreme Court

WASHINGTON (Reuters) – A high-stakes showdown at the U.S. Supreme Court on Tuesday will determine whether states can force out-of-state online retailers to collect sales taxes in a fight between South Dakota and e-commerce businesses. South Dakota is asking th... More »

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F1 to set up fully-fledged local entity in China

SHANGHAI (Reuters) – Formula One’s planned Chinese joint venture will have its own marketing, licensing and media rights arms dedicated to growing the sport’s presence in the vast but still nascent market, commercial managing director Sean Bratches has said. “... More »

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Russia lawmakers draft list of U.S. imports that could be banned

MOSCOW (Reuters) – Russia’s lower house of parliament is to consider draft legislation that would give the Kremlin powers to ban or restrict a list of U.S. imports, reacting to new U.S. sanctions on a group of Russian tycoons and officials. Senior lawmakers in... More »

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Apple says all its facilities now powered by clean energy

(Reuters) – Apple Inc (AAPL.O) on Monday said it had achieved its goal of powering all of the company’s facilities with renewable energy, a milestone that includes all of its data centers, offices and retail stores in 43 countries. The iPhone maker also said n... More »

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European funds buy bonds, see euro growth cycle peak: Reuters poll

LONDON (Reuters) – European investors have raised their bond allocations in March while keeping their equity exposure at six-month lows, in a month marked by a sharp tech sector selloff and brewing trade tensions that threatened to dent world economic growth. ... More »

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Barack Obama in talks to create shows for Netflix: New York Times

(Reuters) – Former U.S. president Barack Obama is in advanced talks with Netflix Inc to produce a series of high-profile shows, the New York Times reported on Thursday, citing people familiar with the matter. Under the terms of a proposed deal, Netflix will pa... More »

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As Congress moves to drop tariffs, some U.S. firms cry foul

Korchmar President Mike Korchmar (L) and CEO Michael Korchmar (R) display a bag assembled at the Naples, Florida factory of Korchmar, a family-owned business in Naples, Florida, U.S., February 13, 2018. Picture taken on February 13, 2018. REUTERS/Andy Sullivan... More »

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Dialog expects to supply chips to Apple through 2020: CEO in paper

FILE PHOTO: Dialog semiconductor logo is pictured at a company building in Germering near Munich, Germany August 15, 2016. REUTERS/Michaela Rehle/File Photo FRANKFURT (Reuters) – Dialog Semiconductor (DLGS.DE) expects Apple (AAPL.O), its top customer, to use i... More »

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Big pharma, big data: why drugmakers want your health records

FILE PHOTO: A surgery nurse is seen beside the heart beat monitor in the operating theatre of the Unfallkrankenhaus Berlin (UKB) hospital in Berlin, Germany February 29, 2008. REUTERS/Fabrizio Bensch /File Photo LONDON (Reuters) – Drugmakers are racing to scoo... More »

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Qualcomm warns of customer losses, legal hazards to Broadcom buyout

FILE PHOTO: A sign on the Qualcomm campus is seen, as chip maker Broadcom Ltd announced an unsolicited bid to buy peer Qualcomm Inc for $103 billion, in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake/File Photo (Reuters) – Qualcomm Inc warned... More »

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Apple Music U.S. subscriber growth outpacing Spotify: WSJ

Customers enter the Apple store on 5th Avenue beneath an Apple logo in the Manhattan borough of New York City, July 21, 2015. REUTERS/Mike Segar NEW YORK (Reuters) – Apple Music is on track to overtake Spotify by number of U.S. subscribers, the Wall Street Jou... More »

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Blockchain to track Congo’s cobalt from mine to mobile

FILE PHOTO: Part of Tilwizembe, a former industrial copper-cobalt mine now occupied by artisanal miners, is seen outside Kolwezi, the capital city of Lualaba Province in the south of Democratic Republic of Congo, June 11, 2016. REUTERS/Aaron Ross/File Photo LO... More »

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Sony CEO Hirai to step down, turnaround ally Yoshida to take helm

FILE PHOTO: Sony Corp’s Chief Financial Officer Kenichiro Yoshida attends a news conference at its headquarters in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Japan’s Sony Corp said CEO Kazuo Hirai would be handing over the reins t... More »

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Apple’s user base grows, but analysts probe for more detail

FILE PHOTO: An Apple Store staff shows Apple’s new iPhones X after they go on sale at the Apple Store in Regents Street, London, Britain, November 3, 2017. REUTERS/Peter Nicholls/File Photo (Reuters) – In its quarterly earnings report on Thursday, Apple Inc ga... More »

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I tweet from bed sometimes, Trump says

U.S. President Donald Trump waves as he arrives in Zurich, Switzerland January 25, 2018. REUTERS/Carlos Barria LONDON (Reuters) – U.S. President Donald Trump, who has garnered a large following on social media with rambunctious postings, said he sometimes twee... More »

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Western Digital’s strong forecast eases fears of fading chip boom

FILE PHOTO: A Western Digital office building under construction is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake/File Photo (Reuters) – Western Digital Corp (WDC.O) gave strong profit forecasts for the current quarter and the full ye... More »

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Fields of Gold? Jana seeks new money, allies with impact hedge fund

FILE PHOTO: Barry Rosenstein, managing partner of Jana Partners, speaks at a panel discussion at the SALT conference in Las Vegas May 14, 2014. SALT is produced by SkyBridge Capital, a global investment firm. REUTERS/Rick Wilking/File Photo BOSTON (Reuters) – ... More »

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Some Chinese Apple users warned by firm on dodging new data law

FILE PHOTO: A woman looks at the screen of her mobile phone in front of an Apple logo outside its store in Shanghai, China July 30, 2017. REUTERS/Aly Song/File Photo BEIJING (Reuters) – Some Chinese users of Apple Inc’s (AAPL.O) products who have created Apple... More »

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Explainer: How chip flaws Spectre, Meltdown work and what’s next

A hooded man holds a laptop computer as blue screen with an exclamation mark is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration LAS VEGAS (Reuters) – Smartphones, PCs and servers across the world have rec... More »

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Samsung profit guidance disappoints, memory outlook cloudy

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea South Korea, October 11, 2017. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) said it would likely rake in a record fourth... More »

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Canada’s competition watchdog settles with HarperCollins

TORONTO (Reuters) – Publisher HarperCollins has agreed to donate C$150,000 ($120,000) in books as part of a settlement with a Canadian law enforcement agency over accusations it colluded with rival publishers and Apple Inc to set prices, the agency said on Tue... More »

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Huawei’s AT&T U.S. smartphone deal collapses

FILE PHOTO: Visitors try Huawei’s devices during Mobile World Congress in Barcelona, Spain, February 27, 2017. REUTERS/Eric Gaillard/File Photo HONG KONG (Reuters) – Huawei Technologies Co Ltd’s [HWT.UL] planned deal with U.S. carrier AT&T Inc (T.N) to sell it... More »

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SEC mixes message on Apple shareholder proposals, activists say

FILE PHOTO: A customer looks at her Apple iPhone X at an Apple store in New York, U.S., November 3, 2017. REUTERS/Lucas Jackson/File Photo BOSTON (Reuters) – Apple Inc was allowed to disregard one activist shareholder proposal on greenhouse gas emissions but t... More »

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India raises import tax on cellphones, move to hurt Apple

FILE PHOTO: A woman talks on her mobile phone on a pavement in Kolkata, India July 5, 2017. REUTERS/Rupak De Chowdhuri/File Photo NEW DELHI (Reuters) – India has increased the import tax on dozens of electronic products such as mobile phones and television set... More »

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Alibaba redraws retail fault lines with bricks-and-mortar push

FILE PHOTO: A sign of Alibaba Group is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 3, 2017. REUTERS/Aly Song/File Photo HANGZHOU, China (Reuters) – In a small village shop near the eastern Chinese city of Hang... More »

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Amazon Prime Video now available on Apple TV

The Amazon TV button on a remote control is shown in this photo illustration. Picture taken November 10, 2017 REUTERS/Mike Blake (Reuters) – Amazon.com Inc and Apple Inc have partnered to bring the Amazon Prime Video app to Apple TV in more than 100 countries,... More »

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China’s Xi says country will not close door to global internet

Chinese magazines featuring China’s President Xi Jinping on the cover are seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 3, 2017. REUTERS/Aly Song WUZHEN, China (Reuters) – Chinese President Xi Jinping said on Su... More »

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Amazon steps up pace in artificial intelligence race

Attendees at Amazon.com Inc annual cloud computing conference walk past the Amazon Web Services logo in Las Vegas, Nevada, U.S., November 30, 2017. REUTERS/Salvador Rodriguez LAS VEGAS (Reuters) – Amazon.com Inc this week announced a flurry of new machine lear... More »

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Qualcomm files new patent infringement complaints against Apple

A sign on the Qualcomm campus is seen, as chip maker Broadcom Ltd announced an unsolicited bid to buy peer Qualcomm Inc for $103 billion, in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake (Reuters) – Qualcomm Inc (QCOM.O) said on Thursday it ... More »

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Dialog shares tank on report Apple to design own power chips

FILE PHOTO: The new iPhone X is pictured at the Apple Store Marche Saint-Germain in Paris, France, November 3, 2017. REUTERS/Benoit Tessier/File Photo FRANKFURT (Reuters) – Apple is designing its own power-management chips for use in iPhones as early as 2018, ... More »

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Black Friday, Thanksgiving online sales climb to record high

Customers push their shopping carts after making a purchase at Target in Chicago, Illinois. REUTERS/Kamil Krzaczynski CHICAGO (Reuters) – Black Friday and Thanksgiving online sales in the United States surged to record highs as shoppers bagged deep discounts a... More »

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Shoppers browse stores, buy online as Black Friday deals beckon

A Black Friday sale sign is displayed outside a makeup store at Roosevelt Field shopping mall in Garden City, New York, U.S., November 24, 2017. REUTERS/Shannon Stapleton CHICAGO/NEW YORK (Reuters) – U.S. stores offered deep discounts, entertainment and free g... More »

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U.S. patent review board becomes conservative target

FILE PHOTO: Demonstrators supporting the organization U.S. Inventors burn patents in front of the U.S. Patent and Trademark Office during a protest in Alexandria, Virginia, U.S. on August 11, 2017. REUTERS/Jan Wolfe/File Photo NEW YORK(Reuters) – In August, a ... More »

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Roku hits record high on Philips licensing deal

Roku Inc's shares surged nearly 43 percent to a record high on Monday after the streaming device maker said it signed a licensing deal that would put its technology on Philips-branded televisions in the United States this year. More »

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Broadcom plans record tech deal with Qualcomm bid: sources

Communications chipmaker Broadcom Ltd (AVGO.O) is planning to unveil a bid for smartphone chip supplier Qualcomm Inc (QCOM.O) by Monday, three sources familiar with the matter said on Friday, an attempt to create a roughly $200-billion company through the bigg... More »

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Nokia says to get sales boost after patent ruling

Nokia (NOKIA.HE) will start to book additional revenue from the current quarter after a ruling by an arbitration court on payments from South Korea's LG Electronics (066570.KS) for using its smartphone patents. More »