(Reuters) - Shares of Twitter Inc were set to soar on Wednesday as surprisingly strong user growth eased investor concerns that the popularity of the micro-messaging site was waning. Twitter's user growth stagnated after it went public to much fanfare in November, leading to a management shake-up that included the exit of Chief Operating Officer Ali Rowghani. At that price, Twitter is valued at about $29 billion, or about $6 billion more than at Tuesday's close. Twitter's monthly active users rose 24 percent to 271 million in the quarter ended June 30, more than expected, as it introduced product tweaks and services built around the soccer World Cup.
Microsoft Corp will launch its Xbox One gaming console in China on September 23, making it the first foreign company to start selling consoles in the world's third-biggest gaming market after a ban on the devices was lifted this year. Yusuf Mehdi, head of marketing and strategy for Microsoft's Xbox group, announced the launch date at an event in Shanghai. In the United States, the Xbox One with Kinect costs $499 and without it is $399, a difference of more than $200 compared with the respective prices in China.
By Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook Inc will shut its 2-year-old Gifts shop on Aug. 12, as the world's largest social network tests other ways to let consumers buy products on its website. "We'll be using everything we learned from Gifts to explore new ways to help businesses and developers drive sales on the web, on mobile, and directly on Facebook," the company said in an emailed statement on Tuesday. Facebook Gifts opened in 2012 as a way for users to buy gifts such as socks and teddy bears.
(Reuters) - Amazon.com Inc, locked in a war with publisher Hachette Book Group over ebook prices, said its push for lower prices was good for authors, publishers and booksellers. Upset over its ebook prices, Amazon has delayed deliveries and cut discounts on some books published by Hachette, the fourth-largest U.S. book publisher, owned by France's Lagardere. In a blog post on the Amazon site authored by the "Amazon Books team", the ecommerce giant said e-books were very price sensitive. Amazon claims that pricing an e-book at $14.99 or $19.99 is too expensive and unjustifiable in most cases.
Tue, 29 Jul 2014 18:30:16 -0400
Applied Micro ships microserver chips in challenge to Intel
By Noel Randewich SAN FRANCISCO (Reuters) - Applied Micro Circuits has begun shipping a new kind of low-power server chip that might challenge heavyweight Intel in cutting-edge data centers. The Sunnyvale, California, company disappointed Wall Street on Tuesday with first fiscal quarter revenue and second-quarter revenue outlook that missed expectations due to a declining legacy business, sending its shares 4 percent lower after hours. In the quarter that ended in June, Applied Micro Circuits recognized its first revenue from the chips - about a $1 million - and the company said it expects "meaningful" revenue from the chips in the quarters ending in December and March as shipments build.
Tue, 29 Jul 2014 20:40:47 -0400
By Euan Rocha NEW YORK (Reuters) - BlackBerry Ltd is buying a privately held German firm that specializes in voice and data encryption, it said on Tuesday, in a bid to burnish its credentials with highly security-conscious clients like government ?agencies. The acquisition is the latest by the smartphone pioneer to build on niche areas in an attempt to reinvent itself under new Chief Executive John Chen and recover ground ceded to Apple Inc's iPhone and Samsung Electronics Co's Galaxy devices. "It is a really reassuring sign that BlackBerry is now less focused on firefighting and more focused on identifying and building for the long-term into enterprise services," said CCS Insight analyst Geoff Blaber. Still, BlackBerry shares fell 4 percent to $9.54 on Nasdaq and C$10.45 on the Toronto Stock Exchange.
Are you worried that hackers - or even worse, the NSA - are listening in on your phone calls? Well it's time to lay those fears to rest; Open Whispersystems has released a new app that brings encrypted voice calling to the iPhone. And best of all, perhaps, the firm's new app is free to download and it supports worldwide calling, also for free. "Over the past year, we've been working to bring the privacy software we've developed for Android to the iPhone, and today we're releasing Signal - free, worldwide, encrypted voice calls for iPhone, and fully compatible with RedPhone for Android," Open Whispersystems said in a blog post. The app uses the ZRTP encryption protocol to protect voice communications between
Look at us, by Sun Mu. An exhibition of works by a former North Korean propaganda artist was cancelled this week in China, reportedly under orders from the Chinese government. As AFP reports, Beijing's Yuan Dian gallery was planning to show a collection from Sun Mu, a North Korean defector who uses a pseudonym for fear of retribution from Pyongyang. The month-long exhibition was due to open on July 27th, but according to South Korea's Yonhap news agency, Chinese police blocked people from entering the gallery and removed Sun Mu's paintings just before the opening.
Google is slowly upgrading the powers of its voice-based search assistant, giving Google Now more and more awesome powers that can help users when they need it most. The company revealed on Google+ that Google Now can scan a user's Gmail account for hotel information, and use it to respond to certain hotel-related questions travellers are likely to search for. For more interesting Google Now tricks, check out this handy list of commands, and our Google Now hub. "Traveling this summer?" the company wrote. "If your hotel confirmation is in your Gmail, you can now ask Google for things to do, eat or see to do nearby without the fuss looking up where you're staying. Tap the mic on the
When Facebook Gifts went live in the US in September 2012, it actually sold real-world presents that users could buy and send to their friends. From August 12, the service will be no more, however, if you've used Facebook Gifts or still have a gift card with remaining credit bought via the site, there's no need to panic. Facebook says that it will be taking the lessons learned from Gifts and using them to help businesses market and sell their wares directly to the site's billion+ users instead. Announced on July 17, the idea is that if an ad on Facebook features the button, a Facebook user can click on it and purchase the product or service in question, without leaving Facebook to do so.
Nintendo's struggles continued in the first quarter of fiscal 2015, as relatively poor Wii U sales and high costs resulted in yet another loss for the struggling video game giant. Nintendo on Wednesday reported a June-quarter loss of 9.92 billion yen, or $97.3 million, compared to an 8.6 billion yen profit in the same quarter last year. Revenue totalled 74.7 billion yen, or roughly $732.3 million, in the quarter, which represents an 8% decline from the year-ago quarter. Perhaps the most disconcerting news is that this markedly worse performance comes on the back of dramatically improved Wii U unit sales; Nintendo said it sold 510,000 Wii U consoles in the fiscal first quarter, which is a huge improvement over the 160,000 units it sold in the
In a smartphone market that grew by 23 percent over the past year, Samsung has somehow managed to ship fewer phones. Huawei is the standout from that group, recording a 95 percent increase in global shipments and sliding into third place behind Samsung and Apple. It's followed by Lenovo in fourth, but the more daunting thing for established brands like Samsung is the sheer number of upstart Chinese manufacturers capable of stealing away sales with lower prices. Samsung's biggest threat comes from China, not Cupertino
Electronic Arts surprised gamers with a subscription service for Xbox One yesterday, but Sony is less than impressed with the offering. EA Access lets Xbox One owners play titles like FIFA 14, Madden NFL 25, Peggle 2, and Battlefield 4 for just $4.99 a month, or $29.99 per year. Despite what seems like a good deal, with more games coming soon, Sony claims the program is not good value for PlayStation 4 owners. "We evaluated the EA Access subscription offering and decided that it does not bring the kind of value PlayStation customers have come to expect," a Sony spokesperson told Game Informer.
The Daily Dot's EJ Dickson told a lie on the Internet, and it went on to be repeated by dozens of people and publications. The article opens with an explanation about how the writer and her best friend had embellished a Wikipedia entry about a well-known children's book character named Amelia Bedelia.
Chinese smartphone makers racked up big gains as the global market for Internet-linked handsets grew to record levels in the second quarter, International Data Corp said Tuesday. Huawei and Lenovo, both based in China, came out winners as a record-high 295.3 million smartphones were shipped worldwide in the second quarter of this year, according to IDC. "As the death of the feature phone approaches more rapidly than before, it is the Chinese vendors that are ready to usher emerging market consumers into smartphones," IDC senior research manager Melissa Chau said in a release with the quarterly figures. "The offer of smartphones at a much better value than the top global players but with a stronger build quality and larger scale than local competitors gives these vendors a precarious competitive advantage."
Japanese videogame giant Nintendo on Wednesday posted a $97 million quarterly net loss, with higher costs tied to sales of its Wii U console digging into its bottom line while sales weakened. On Wednesday, Kyoto-based Nintendo said its net loss for the three months through June came in at 9.92 billion yen ($97.14 million) on sales of 74.70 billion yen, down 8.4 percent from a year earlier Nintendo said it sold 510,000 Wii U consoles globally in the quarter, well up from 160,000 units in the same quarter last year. "'Mario Kart 8', with a good start in sales, has contributed to a gain in momentum for the Wii U platform business," the company said.
The company's first standalone app offers one-tap self-destruct messaging but only to smartphone users in New Zealand, South Africa and Singapore. Instagram says that those countries were chosen for the initial launch because of their geographical diversity and because they are regions with high messaging app use.
Indian online retailer Flipkart raises $1 billion
MUMBAI, India (AP) - India's largest online e-commerce company, Flipkart, raised $1 billion in new capital this week as the company gears up for competition with Amazon's push into the Indian market.
Wed, 30 Jul 2014 04:14:59 -0400
After accidentally detailing its first update to Windows Phone 8.1 earlier this week, Microsoft is now ready to officially reveal exactly what's included in Windows Phone 8.1 Update 1. There aren't many big visible changes with this update, but instead it includes a number of small improvements just a few months after the initial Windows Phone 8.1 Developer Preview release. If you're a Developer Preview user then expect to see the Windows Phone 8.1 Update 1 arrive next week. Cortana heads to the UK, China, Canada, Australia, and India
Nintendo made an operating loss of „9.47 billion ($92.7 million) in its first quarter of 2014, with the launch of Mario Kart 8 sparking a bump in Wii U hardware sales that wasn't big enough to boost the company's financial performance. Wii U sales were 510,000 between April and June, a year-on-year jump of 219 percent, as Mario Kart 8 itself moved 2.82 million copies - over half of all Wii U titles for the quarter, and enough to make it the console's third best-selling game of all time. This means that over 80 percent of people who bought Mario Kart 8 were existing Wii U owners before this quarter, so it hasn't yet convinced many newcomers to pick up the console. Nintendo hasn't altered its forecast of a „40 billion operating profit for fiscal 2014, and still predicts that it will sell 3.6 million Wii U consoles during the period.
Wed, 30 Jul 2014 03:14:37 -0400
How the AP-GfK poll was conducted
The Associated Press-GfK poll on immigration was conducted by GfK Public Affairs and Corporate Communications July 24-28. It is based on online interviews of 1,044 adults who are members of GfK's nationally representative KnowledgePanel.
Wed, 30 Jul 2014 02:16:22 -0400
Billions of GI Bill funds go to for-profit schools
WASHINGTON (AP) - Iraq and Afghanistan veterans have flocked to for-profit colleges, including a troubled chain that is closing or selling its campuses amid a series of federal and state investigations.
Wed, 30 Jul 2014 00:10:41 -0400
It seems as if the days of manually doing routine tasks such as shopping and health care are slowly fizzling into obsolescence. People in both developed and developing countries are reshaping their daily lives and interactions as digital technology becomes intertwined with their everyday activities.Interested in this trend, Accenture and...
NEW YORK (AP) - The little blue bird is flying high. Stronger-than-expected financial results pushed Twitter's stock sharply higher on Tuesday after the short messaging service said its revenue more than doubled in the second quarter.