Business

Strong iPhone and Mac sales droves Apple to achieve record revenue for the June quarter -- quarterly revenue of $37.4 billion and quarterly net profit of $7.7 billion, which is $1.28 per share and about a 12.3 percent rise in profits. Interestingly, Apple managed to bump up its profit margin, too: ...

The EU last year adopted a "common position" on how purchases made within mobile and online applications should be treated by operators of app stores. Now, seven months later, Google is drawing praise for striving to comply with EU guidance, while Apple is being rebuked for dragging its feet. Google...

Vendors could be spending a busy summer preparing to respond to a major federal IT project. The Defense Department is planning to issue a request for bids on a multibillion dollar EHR system by the end of September. The objective of the program is to modernize DoD's EHR system and to make records a...

Secret last week announced that a recent round of funding, to the tune of $25 million, would help it expand its reach in the social networking space. Since its launch about six months ago, Secret has provided a platform for users to post anonymous notes on topics ranging from the ridiculous to the s...

Apple has agreed -- conditionally -- to settle a lawsuit over allegations of fixing the prices of e-books brought against it by the attorneys general of 33 states in the United States, following a protracted legal battle. The settlement is subject to approval by the U.S. District Court for the South...

Microsoft CEO Satya Nadella on Thursday announced the elimination of 18,000 jobs -- roughly one in seven of the company's workforce -- in the next year. About 12,500 of the positions eliminated will be at Nokia. However, Microsoft will add jobs in "certain other strategic areas." Microsoft's time sp...

Dish Network this week chalked up another legal victory for its Hopper DVR service. An appeals court rejected Fox's bid to disallow some features in the Hopper platform, namely the place-shifting capabilities of Dish Anywhere and Hopper Transfers. Dish Anywhere gives Hopper customers the option to v...

Apple and IBM have teamed up on enterprise mobility in an exclusive partnership that will create iPhone and iPad business apps incorporating IBM's Big Data and analytics capabilities. "Mobility has been very much a catch-as-catch-can solution in most businesses," noted Yankee Group Research Vice Pre...

The explosive growth of data is one of the biggest challenges facing organizations of all sizes across nearly every industry, and a growing number of cloud service providers are recognizing that they can provide more than just simple storage and economical compute power to their customers buried in ...

Microsoft CEO Satya Nadella may launch a massive round of layoffs, possibly this week. Some details reportedly are still being worked out. Layoffs have been widely expected since Microsoft purchased Nokia, and Nadella's recent memo to Microsoft employees was viewed as a hint they might soon be at ha...

A trade association including Amazon, Google and Netflix on Monday called on the U.S. Federal Communications Commission to adopt rules banning deals by broadband providers for faster delivery of some Internet traffic. The Internet Association, in written testimony submitted to the FCC, called for si...

Amazon is ramping up its drone delivery project and is hoping for approval to conduct outdoor testing on its own property. The company has petitioned the FAA for an exemption from rules barring it from testing the devices. Amazon last year revealed it was working on a project that would allow it to ...

After the Supreme Court appeared to deliver a death blow to Aereo, it has latched onto a part of the Court's decision in an effort to stay alive. The Court determined that Aereo flouted copyright rules by retransmitting programming without a license. Aereo let users watch broadcast TV over the Inter...

The FTC has filed suit against Amazon over billing kids for unauthorized in-app purchases that in many cases they did not know they had made. The suit accuses Amazon of violating Section 5(a) of the FTC Act, which prohibits unfair or deceptive acts or practices in or affecting commerce. The FTC is s...

The Beijing First Intermediate Court ruled against Apple in a case that pitted it against a Shanghai-based firm and the country's State Intellectual Property Office's Patent Review Committee. The court found that the intellectual property rights of Zhizhen Internet Technology, a company that holds s...