Category: Technology

Exclusive: Tech companies to lobby for immigrant ‘Dreamers’ to remain in U.S.

SAN FRANCISCO (Reuters) – Nearly two dozen major U.S. companies in technology and other industries are planning to launch a coalition to demand legislation that would allow young, illegal immigrants a path to permanent residency, according to documents seen by Reuters. The Coalition for the American Dream intends to ask Congress to pass bipartisan legislation

‘Anemic’ iPhone 8 demand drags Apple shares lower

(Reuters) – Apple Inc’s shares fell nearly 3 percent on Thursday on signs of weak demand for the iPhone 8 that caused analysts and investors to question the company’s staggered release strategy for its latest phones. Wireless carriers in the United States and Canada have reported slow third-quarter customer upgrades. While some expect a pickup

Apple shares drop on iPhone 8 demand worries

(Reuters) – Apple Inc’s shares fell 1.5 percent in premarket trading on Thursday as brokers and traders speculated over poor demand and cuts in production of iPhone 8, ahead of the November launch of the 10th anniversary iPhone X. Apple no longer gives regular updates on sales numbers but indications from supply channels, phone operators

EBay’s profit forecast disappoints, shares fall

(Reuters) – EBay Inc warned Wall Street on Wednesday that profit this quarter could fall below analysts’ estimates as it invests in marketing and a revamped website to attract more shoppers, sending shares down more than 5 percent in after-hours trade. The online marketplace is making a big push to catch up to Amazon.com Inc

Twitter toughens guidelines on harassment: report

(Reuters) – Twitter has toughened its stance on online sexual harassment and abuse, laying out stronger penalties for misconduct on the social media platform in an email to its Trust and Safety Council published by Wired late on Tuesday. Reuters was not immediately able to confirm that the email published by the micro-blogging site was

IBM beats revenue estimates; hints at sales growth

(Reuters) – International Business Machines Corp’s (IBM.N) shift to newer businesses such as cloud and security services helped it beat analysts’ quarterly revenue estimates, and the technology major hinted at sales growth after nearly six years of declines. Shares of the Dow component rose nearly 5.1 percent to $153.93 in extended trading on Tuesday. IBM