Tech Market

Amazon Triples Profits on Cloud Services, Video

Online giant Amazon said Thursday its profits more than tripled in the third quarter, but shares fell as the rise was weaker than expected. Amazon extended its string of positive results after years of investments that produced little or no profit, helped by its cloud computing, streaming video and new products and services. Profit surged to $252 million (roughly Rs. ... Read More »

HIGHLIGHTS Amazon offer local shoppers a bridge to sellers in overseas markets Amazon has been struggling to gain a serious foothold in China Prime service in China costs CNY 388 for a year-long subscription Amazon.com Inc has launched a tailored version of its Prime service in China to tap consumer demand for overseas goods, putting the US online retail firm ... Read More »

ExoMars, Europe’s Mars Probe, Destroyed After Plunging to Surface

Images taken by a NASA Mars orbiter indicate that a missing European space probe was destroyed on impact after plummeting to the surface of the Red Planet from a height of 2-4 km (1.2 to 2.5 miles), the European Space Agency said on Friday. The disc-shaped, 577-kg (1,272 lb) Schiaparelli probe, part of the Russian-European ExoMarsprogramme to search for evidence ... Read More »

Orbital ATK Cargo Ship Arrives at ISS With Food and Supplies

HIGHLIGHTS Orbital ATK arrived at the ISS delivering 2.5 tons of food and supplies The spaceship launched on October 17 from NASA’s Wallops Flight Facility The cargo ship will remain attached to the space station until November An unmanned cargo ship operated by the US company Orbital ATK arrived Sunday at the International Space Station, delivering 2.5 tons of food ... Read More »

Siri, Catch Market Cheats: Wall Street Watchdogs Turn to AI

Artificial intelligence programs have beaten chess masters and TV quiz show champions. Next up: stock market cheats. Two exchange operators have announced plans to launch artificial intelligence tools for market surveillance in the coming months and officials at a Wall Street regulator tell Reuters they are not far behind. Executives are hoping computers with humanoid wit can help mere mortals ... Read More »

EU Aims for Tougher Scrutiny of Silicon Valley Data-Heavy Deals

The European Union may include purchase prices in the criteria used to trigger its antitrust probes, aiming to catch more data-heavy transactions in serious merger reviews in another warning shot to Silicon Valley. The European Commission said Friday the EU’s revenue-based rules mean some deals can currently avoid scrutiny when the target company doesn’t have significant sales even if it ... Read More »

Twitter Charts Solo Path as Salesforce Rules Out Takeover

HIGHLIGHTS Salesforce said on Friday that it would not make a bid Twitter CEO Jack Dorsey may now have to chart an independent course Dorsey is likely to face intense scrutiny over his continued role as CEO Twitter Inc faces an uncertain future after Saleforce.com Inc , the last of the companies believed to be interested in buying the troubled ... Read More »

Facebook Signs EU’s Privacy Shield Treaty; May Spark Privacy Row

Social networking giant Facebook has agreed to adopt a new European Union (EU) data accord that allows personal information to be transferred to the US, potentially sparking yet another privacy row, the media reported. Facebook has quietly signed the Privacy Shield –¬†a controversial treaty that allows US technology companies to transfer EU citizens’ details abroad. It will apply to certain ... Read More »

Microsoft Seeks EU Approval for $26 Billion LinkedIn Acquisition

Microsoft sought EU antitrust approval on Friday for its $26 billion bid for social network LinkedIn, a spokesman said on Friday, kicking off a month-long review by regulators of its largest deal. “We filed today,” company spokesman Robin Koch said. He said the European Commission has set a November¬†22 deadline to examine the case. The EUcompetition authority can either clear ... Read More »

Facebook Messenger App Adds Data Saver Option to Help You Save Mobile Data

HIGHLIGHTS The feature is currently available only on Android Data Saver allows you to manually download images and videos App automatically downloads images and videos on Wi-Fi Following the lead of many other apps, Facebook’s Messenger app has now been updated to include the data saver options to help users save cellular data. Many browsers have had these options for ... Read More »