Facebook shares hit record high as market likes earnings
Shares of Facebook Inc hit a record high on Thursday after a surge in mobile advertising revenue helped the world's No. 1 social network trounce analysts' expectations for quarterly profit and revenue. At that price, Facebook's market value is just short of $200 billion, putting the company in position to overtake IBM Corp as the fourth-largest U.S.-listed tech company. The top three are Apple Inc , Google Inc and Microsoft Corp . At $100, Facebook would be valued at more than $250 billion.
Thu, 24 Jul 2014 12:19:56 -0400
Google under fire from regulators over response to EU privacy ruling
By Julia Fioretti BRUSSELS (Reuters) - Google's handling of "right to be forgotten" requests from European citizens will come under fire from the continent's privacy watchdogs on Thursday, after the search engine restricted the removal of Internet links to European sites only. European data protection authorities are meeting representatives of Google, Microsoft, which operates the Bing search engine, and Yahoo to discuss the implementation of the landmark ruling from Europe's top court upholding people's right to request that outdated links be removed from Internet search results. European Union privacy watchdogs have several concerns on the way the ruling, which has pitted privacy advocates against free speech defenders, is being implemented, particularly by Google, according to a person familiar with the matter.
Thu, 24 Jul 2014 07:03:32 -0400
Nokia's fortunes brighten on heavy network spending
By Sakari Suoninen and Jussi Rosendahl HELSINKI (Reuters) - Nokia surprised investors with strong quarterly earnings and raised its full-year profit margin forecast as network operators install more powerful systems to cope with surging mobile data traffic. The Finnish company sold its once-dominant phone business to Microsoft in April, leaving it more reliant on a mobile network equipment business that shrank by 8 percent in the April-to-June quarter. Much of the decline was due to foreign currency fluctuations and divestments and Nokia said it expected network sales to return to growth in the second half of the year after a period in which the company sought to exit unprofitable contracts. The company raised its profitability estimate for networks, saying its operating margin this year would be at or slightly above the high end of a long-term target of 5 to 10 percent.
Thu, 24 Jul 2014 06:40:03 -0400
Amazon's smartphone fails to kindle a 'Fire' among reviewers
Amazon.com Inc's new "Fire" smartphone features "gimmicks" - such as 3D effects and object scanner - that may not be enough to entice users away from similarly priced Apple Inc iPhones and Samsung's Galaxy S5, reviewers said. Among the features of its first smartphone, Amazon has introduced "Dynamic Perspective", four cameras that track a user's face and simulate a 3D effect on the screen. The phone also touts a "Firefly" scanner that allows users to point the phone at an object and be directed to Amazon's online store to buy it. "Look, Ma, no hands!"," Wall Street Journal's Geoffrey Fowler said.
Thu, 24 Jul 2014 11:10:06 -0400
LG Electronics flags further mobile improvement after Q2 profit jump
By Se Young Lee SEOUL (Reuters) - LG Electronics Inc signalled further improvement in its mobile business after record smartphone sales propelled the South Korean manufacturer to its highest quarterly profit in more than three years. Chief Financial Officer Jung Do-hyun on Thursday said mobile income should improve again in the current quarter with the help of LG's flagship G3 smartphone, which has been well-received by critics since its late-May launch. "We expect further improvement." LG said operating profit rose 26.5 percent to 606 billion won ($589.04 million) in April-June, versus a 524 billion won mean estimate of 39 analysts polled by Thomson Reuters I/B/E/S. That marked LG's highest operating profit since at least 2011, the earliest date for which restated earnings are available.
Thu, 24 Jul 2014 07:07:29 -0400
Swatch Group denies working with Apple on smartwatch
Swiss watchmaker Swatch Group has denied a media report saying it was working with technology company Apple on a smartwatch, a wearable device with interactive functions. Technology website VentureBeat said in a report on Wednesday Apple was working with "at least one partner, Swatch" on a smartwatch project, citing an unnamed source. A spokeswoman for Swatch Group said on Thursday the report was unfounded. She said the only business relationship Swatch Group had with mobile phone makers was as a supplier of integrated circuits and other electronic components.
Thu, 24 Jul 2014 07:43:32 -0400
4 awesome iPhone camera apps you really need to try
Your iPhone is a pretty formidable camera on its own, but there are plenty of affordable ways to make it even better without attaching any additional hardware. Forbes contributor Amadou Diallo has concocted a list of the four best camera apps for the iPhone, all of which you can download for less than $10 to make your photos look better than ever. The first app Diallo chose,Camera+, is an App Store mainstay which has been around in various incarnations for years. Its kept up with the times as well, receiving a major visual overhaul alongside the release of iOS 7 last year. With Camera+ you can independently control the focus and exposure of a shot, lock in white balance, change
Thu, 24 Jul 2014 12:42:18 -0400
Watch Conan OBrien bash the iPhone 6 in this hilarious video
The iPhone 6 isnt even out yet and Samsung is already making fun of the device in TV ads, while inadvertently reminding potential smartphone buyers that a bigger iPhone is coming. Following Samsung, Conan OBrien was next to take shotsat the unreleased iPhone 6 smartphone during a monologue on Tuesday. FROM EARLIER: New report claims to reveal release date for iPhone 6 and iPhone Air A lot of speculation out there about the new iPhone People wondering what its going to be, Conan says. The new iPhone is expected to have a larger screen and better operating system. Yes. The new iPhone will be called last years Samsung Galaxy, he adds, with the crowd going wild. We showed them, huh?
Thu, 24 Jul 2014 12:15:18 -0400
'Join us in our ritual,' beckons Cthulhu-based cryptocurrency
Written in the voodoo cultspeak of futurist horror writer H.P. Lovecraft's short story, "The Call of Cthulhu," the creepy Cthulhu Offerings may be the most confusing digital currency yet. "The time draws near, the return of The Great Old One is upon us," writes the developer.
Thu, 24 Jul 2014 12:10:50 -0400
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