Business

A 22 percent revenue increase in its second quarter wasn't enough to keep Amazon from reporting an unexpected $7 million loss on Thursday, which it attributed partially to a weakened European economy. The company's stock, which has been up more than 20 percent for the year overall, tumbled more than...

Facebook's stock soared Wednesday following the release of its Q2 earnings report, which beat Wall Street expectations. Investors seemed pleased with the company's strong user growth and better-than-expected gains from mobile advertising. It reported $1.81 billion in revenue, a 53 percent year-ove...

Michael Dell and investment firm Silver Lake have increased their takeover bid for Dell by 10 cents to $13.75 a share, a special committee of Dell's board of directors announced on Wednesday. As a result, the already-postponed special meeting of stockholders intended for the official vote on the buy...

Verizon Wireless on Tuesday introduced a new family of Droid smartphones including the Droid Mini, Droid Ultra and Droid Maxx. All three handsets are being produced by Motorola as part of a new exclusivity deal. With this partnership, Motorola Mobility will be the only smartphone manufacturer to pro...

Product integrity is a key element in business and increasingly important in the information technology sector, where products and services are highly vulnerable to the creation of copies and counterfeits. Both IT vendors and their customers are equally at risk when phony and faulty products enter ...

Netfllix added 630,000 U.S. streaming customers and achieved profit of $29 million, or 49 cents a share, in the second quarter of 2013, it reported on Monday. Those profits represent a dramatic increase from the same period a year ago. The company's revenue, meanwhile, rose 20 percent year-on-year t...

There is hard evidence that Chinese Huawei Technologies has spied for the Chinese government, former U.S. CIA and NSA head Michael Hayden asserted in a recent interview. The company -- now the world's largest telecommunications equipment maker -- poses an unambiguous national security threat to both...

Microsoft on Thursday reported that its fourth-quarter earnings and sales missed expectations as a result of a PC market slowdown and a write-down of Surface RT inventory. Fourth-quarter net earnings were $4.97 billion, or 59 cents per share, Microsoft reported, on revenue of $19.9 billion. The $900...

Over the past three-plus decades, it's hard to think of a business computing-related technology that's driven more fundamental value than virtualization, and it's for a very simple reason: Since hardware evolves at a far faster pace than software, systems tend to deliver far more performance than ne...

After months of mounting anticipation, Dell on Thursday delayed a critical vote that will decide its future. Specifically, the scheduled special meeting of stockholders -- originally intended to vote on Michael Dell's proposed buyout of the company for US$24.4 billion -- was convened and adjourned t...

Despite gains reported in core business areas, eBay is facing economic weakness in key overseas markets, which sent its stock tumbling following its quarterly earnings report Wednesday. eBay reported non-GAAP net income of $822 million, or 63 cents per share, compared with the $730 million, or 56 ce...

GlassUp is seeking to raise $150,000 on Indiegogo to fund production of its eponymous product. The GlassUp glasses will serve mainly as a display and will connect to mobile devices through Bluetooth. Models equipped with a camera or a prescription glasses option, or both, are also being planned. Gla...

Google is considering the possibility of launching an Internet-based TV service, according to numerous media reports. Specifically, the company has approached several media companies about the possibility licensing of content for an Internet-based TV service that would stream traditional TV programm...

In the wake of rising public anger over Microsoft's involvement in the NSA's PRISM program, the company has urged U.S. Attorney General Eric Holder to let it share more details about the way it handles government requests for information. There are "significant inaccuracies" in the interpretation of...

The White House and eight companies including Google and Microsoft announced a joint effort to mobilize against online piracy and counterfeiting Monday with the help of a set of best practices developed in conjunction with the Interactive Advertising Bureau. The effort is designed to limit the reve...