Sci-Tech

‘Candy Crush’ decline continues for King, shares fall

By Malathi Nayak SAN FRANCISCO Tue Aug 12, 2014 6:50pm EDT (Reuters) – Social and mobile game company King Digital Entertainment Plc reduced its 2014 forecast after reporting lower-than-expected second-quarter revenue on Tuesday, as gamers continued to spend less money on its “Candy Crush Saga” game. King also announced a $150 million special dividend, or 46.9 cents per share, payable to shareholders of record on Sept. 30. Its shares, however, slipped 22 percent in after-hours trading […]

Action camera maker GoPro reports bigger loss as costs double

Thu Jul 31, 2014 6:45pm EDT (Reuters) – GoPro Inc, which makes wearable cameras used by surfers, skydivers and other action junkies to post their exploits online, reported a bigger quarterly loss as costs nearly doubled. GoPro shares fell 11 pct to $42.70 in extended trading after its first financial results since its initial public offering in June. Research and development spending more than doubled to $34.7 million while costs from its Nasdaq share market […]

BlackBerry opens up BBM to Windows phone users

TORONTO Thu Jul 31, 2014 4:41pm EDT (Reuters) – BlackBerry Ltd said on Thursday its popular messaging system BBM, or BlackBerry Messenger, would now be open to those using the Windows phone platform, a move that potentially makes the messaging service more appealing to its enterprise clients. BlackBerry, which is seeking to reinvent itself as a more software and services driven company as its smartphone market share has dwindled, has been lately touting new BBM […]

JD.com to sell Microsoft’s Xbox One games console in China

BEIJING Sun Jul 27, 2014 10:41pm EDT (Reuters) – JD.com Inc, China’s second-biggest e-commerce company by market share, will accept pre-orders for Microsoft Corp’s Xbox One games console in China from July 28 to July 30, the firm said on Monday. The pre-orders will be taken via Tencent Holdings’ mobile social networks Mobile QQ and WeChat, known as Weixin in China, JD.com said in a statement. Tencent holds a 17.6 percent stake in JD.com. The […]

Dell, BlackBerry downplay threat from Apple-IBM alliance

By Euan Rocha and Alastair Sharp TORONTO Fri Jul 25, 2014 3:11pm EDT (Reuters) – IBM Corp’s recent move to partner with Apple Inc to sell iPhones and iPads loaded with corporate applications has excited investors in both companies, but two rivals say they are unperturbed for now. Top executives at Dell and BlackBerry Ltd scoffed at the threat posed by the alliance this week, arguing the tie-up is unlikely to derail the efforts of […]

Facebook says SEC’s IPO probe ends, extending WhatsApp closing date

Fri Jul 25, 2014 3:55pm EDT (Reuters) – Facebook Inc said the U.S. Securities and Exchange Commission dropped its probe into the social networking company over events surrounding its controversial initial public offering. In its quarterly report filed on Thursday, Facebook said the regulator in May “notified us that it had terminated its inquiry and that no enforcement action had been recommended by the SEC.” Facebook shares began trading on May 18, 2012, but soon […]

Apple iPhones allow extraction of deep personal data, researcher finds

By Joseph Menn SAN FRANCISCO Fri Jul 25, 2014 9:00pm EDT (Reuters) – Personal data including text messages, contact lists and photos can be extracted from iPhones through previously unpublicized techniques by Apple Inc employees, the company acknowledged this week. The same techniques to circumvent backup encryption could be used by law enforcement or others with access to the “trusted” computers to which the devices have been connected, according to the security expert who prompted […]

Amazon’s heavy investing eats into bottom line, shares drop

By Deepa Seetharaman SAN FRANCISCO Thu Jul 24, 2014 10:46pm EDT (Reuters) – Amazon.com Inc posted a much larger-than-expected loss in the second quarter as it continues its rapid pace of investment in new businesses such as digital content and consumer electronics. Amazon’s stock price has dropped 10 percent so far in 2014, with investors leery of betting on its long-term growth at the expense of little to no profit. On Thursday, the shares fell […]

U.S. judge says she is troubled by Apple $450 million e-books deal

By Nate Raymond NEW YORK Thu Jul 24, 2014 9:58pm EDT (Reuters) – A U.S. judge on Thursday expressed concern over a proposed $450 million settlement of claims Apple Inc conspired with five publishers to fix e-book prices, saying its provisions could drastically reduce money paid to consumers depending on appeals. U.S. District Judge Denise Cote in Manhattan said she found “most troubling” a clause requiring Apple to pay only $70 million if an appeals […]