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Technology News

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Apple expands buybacks, approves 7-for-1 stock split

Apple Inc. has approved another $30 billion US in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash...

Posted on 4-23-2014 at 4:40 PM
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Facebook first-quarter revenue grows 72%

Facebook Inc.'s mobile advertising business continued to accelerate in the first three months of the year, helping the Internet social networking company top Wall Street's revenue target.

Posted on 4-23-2014 at 4:25 PM
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Celestica's profit more than triples

Canadian contract electronics manufacturer Celestica Inc.'s quarterly profit more than tripled.

Posted on 4-23-2014 at 12:07 PM
Netflix profit rises as U.S. streaming business grows

Netflix profit rises as U.S. streaming business grows

Video streaming service Netflix Inc. reported higher profit that beat Wall Street expectations and said it intends to raise the monthly subscription price for new customers, sending its...

Posted on 4-21-2014 at 4:13 PM
IBM ends buyback binge, CEO pressured to boost revenue

IBM ends buyback binge, CEO pressured to boost revenue

International Business Machines Corp. is reducing stock buybacks after an $8.2 billion US first- quarter splurge, putting more pressure on Chief Executive Officer Ginni Rometty to reignite...

Posted on 4-21-2014 at 3:35 PM
Yahoo working to replace Google search on iPhone: Report

Yahoo working to replace Google search on iPhone: Report

Yahoo Inc.’s Chief Executive Marissa Mayer is working on a plan to persuade Apple Inc. to ditch Google as its default search engine in favour of Yahoo, technology news site Re/code...

Posted on 4-17-2014 at 12:30 PM
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Weibo cuts IPO size amid selloff in technology stocks

China's Weibo Corp., a Twitter-like messaging service company, raised a less-than-expected $286 million after it cut the size of its U.S. initial public offering amid a selloff in...

Posted on 4-17-2014 at 9:53 AM
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IBM revenue misses estimates as hardware sales fall

International Business Machines Corp. reported lower-than-expected quarterly revenue as weakness in its storage and server businesses continues to offset gains in its software services.

Posted on 4-16-2014 at 4:33 PM

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