Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history. Apple's cash pile is now $178 billion, enough to buy IBM or the equivalent to $556 for every American. Apple Chief Financial Officer Luca Maestri told Reuters in an interview that the company did not sell more iPhones in China than the United States, despite some earlier predictions by research analysts. The company's success in the competitive Chinese market can be attributed to its partnership with China Mobile Ltd , the largest global mobile carrier, and the appeal of the larger screen size of the iPhone 6 and 6 Plus.
This Super Bowl Facebook is taking a page from Twitter's playbook, for the first time during a football championship selling ads that target people based on what they are talking about in real time. These include video ads that will play automatically on Facebook's newsfeed, triggered by key words that members mention in their posts as they watch the American football game on Feb. 1. Smartphones and tablets provide a second screen for the Super Bowl's 100 million television viewers to comment about the game as it proceeds, giving advertisers a more precise way to target messages.
Billionaire activist investor Carl Icahn said on Wednesday that he sold Netflix Inc shares too soon, admitting that his son Brett and fund co-manager David Schechter were correct to believe the stock was significantly undervalued. Icahn sold 2.99 million shares of Los Gatos, California-based Netflix in October 2013 after the stock rose more than fivefold in 14 months. "What I was worried about and conservative about Netflix - and obviously I wished I hadn't been as conservative - was 'net neutrality.' which has seemed to go away," Icahn said in an appearance on CNBC, referring to the U.S. Federal Communications Commission's work to set new regulations for Internet service providers. "That one storm cloud has gone away so I agree completely now with Brett and Dave on Netflix.
By John Ruwitch SHANGHAI (Reuters) - A China regulator has accused Alibaba Group Holding Ltd of failing to clean up what it called illegal business deals on the e-commerce titan's platforms, in an unusually strong government criticism of one of the country's biggest private companies. The State Administration for Industry and Commerce (SAIC), in a report published on its website on Wednesday, said many products sold on Alibaba's e-commerce websites and services infringed upon trademarks, were substandard or fake, were banned or endangered public security. Alibaba declined to comment on the report. SAIC said its report summarized a July 16, 2014, meeting between government business regulators and Alibaba, and said it had delayed releasing the report until now to avoid affecting Alibaba's September initial public offering.
(Reuters) - Financial software company SS&C Technologies Holdings Inc is in talks to buy accounting software maker Advent Software Inc for about $2.3 billion, Bloomberg reported, citing a person with knowledge of the matter. SS&C plans to offer $45 per share for Advent, the Bloomberg report said. SS&C declined to comment on the report, while Advent could not immediately be reached. Advent's shares were up 7.6 percent at $40.8 in afternoon trading on the Nasdaq on Wednesday, while SS&C's share were up 5 percent at $56.10.
HELSINKI (Reuters) - Finland's Rovio and the head of its games operation, Jami Laes, have parted company as the business behind Angry Birds continues to grapple with an increasingly competitive mobile games market. Though Rovio has expanded its hugely successful Angry Birds brand into an animated TV series and consumer product licensing, the company has struggled to produce more hit games and recently said it would cut about 14 percent of its workforce. Laes said on Wednesday that he had left Rovio recently and is planning to launch a new start-up but declined to comment further. ...
Do you hate your job? If so, then you’re probably wondering how to find a new one that would make you happier. And now there’s a way you can find out which career field has the most satisfied workers, as Glassdoor has put together a list of the 25 best jobs in America that you can get right now. RELATED: Aspiring techies should join these companies if they want to get paid How is such a list calculated, you ask? Glassdoor writes that it’s “determined by weighting three factors equally: earning potential (average annual base salary), career opportunities rating, and number of job openings.” So jobs that are plentiful, pay well and offer the most opportunities for advancement are rated the highest
Rolling Stone is opening up its archives, making select stories from its nearly 50 years of publication free for anyone to read. The stories will all be available through Google Play Newsstand, making this a big grab for Google that should help to promote the app's sales of digital magazines and use as a news reader. Fast Company reports that three to four big stories from each issue will show up in the open archives, which Rolling Stone reportedly plans to augment with sound and video content next year. Newsstand is available on both iOS and Android, so a wide audience should be able to access these stories. It's not stated exactly how that'll be used, but the end goal appears to be getting more people reading Rolling Stone and opening up Newsstand.
The FAA has produced a YouTube video encouraging attendees of the Super Bowl to "leave your drone at home." The video resembles other public service announcements, from the stock photos of anti-smoking ads to the diabolical use of the head rhyme of "Don't Copy That Floppy" — the video's titled "No Drone Zone."
To my surprise, when I first moved to China it was easy to adapt to almost everything. Pollution, dirty tap water, and crowds? No problem, I'll use face masks, bottled water and elbows to get by. But as a former New Yorker virtually glued to the Internet, I couldn't wrap my head around adapting to a life without Google.After all, it was my...
Apple’s fiscal first quarter was a complete blowout, sending the company’s stock soaring in after-hours trading on Tuesday night. We already gave you all the numbers: $18 billion in profit… $74.6 billion in revenue… 74.4 million iPhones sold… gross margin that climbed to 39.9%… it’s all simply staggering. Of course, there’s no better way to put Apple’s killer quarter in content than by visualizing some of the key figures from Apple’s report. DON’T MISS: 5 reasons Google’s move to become a wireless carrier may be doomed to fail Mobile analyst Benedict Evans from Andreessen Horowitz is a well-respected Apple watcher, and he’s always quick on the draw when it comes to charting Apple’s results. On Tuesday evening, he ran a quick post on his blog that
Amazon wants to bump Microsoft's Exchange out of its cozy position in the enterprise world. To do that, the company has announced WorkMail, a secure email and calendar platform aimed squarely at businesses. With WorkMail, Amazon is trying its hand at the backend services that Microsoft has built a strong reputation around. WorkMail includes many of the perks that are musts if Amazon hopes to find any success competing against Microsoft.
WASHINGTON (AP) — The nation's largest prepaid mobile provider, TracFone Wireless, will pay $40 million to settle government claims that it misled smartphone customers with promises of unlimited data service.
The fight against Islamic State jihadists is taking place online as well on the battlefield, with 18,000 Twitter accounts linked to the group suspended in recent months, according to a US expert. IS supporters "are under significant pressure, with the most active and viral users taking the brunt of the suspensions" J. M. Berger, a fellow at the Brookings Institution who tracks militants on social media, told lawmakers on Tuesday. Twitter has suspended nearly 800 confirmed IS accounts since the fall of last year but this "may be the tip of the iceberg," as almost 18,000 accounts "related" to the jihadist network were suspended over the same time period, according to a forthcoming survey by Berger and another expert, Jonathon Morgan. Although tens of thousands of Twitter accounts remain online, advocates for the IS group online have called the suspensions "devastating," Berger told the House Committee on Foreign Affairs.
It's history frozen in time: an expansive cave in Northern Israel where early humans lived for thousands of years, locked away and preserved after its entrance collapsed some 30,000 years ago. It's in this time capsule of human evolution that researchers say they've found a partial skull that serves as a "connecting link" between ancient and modern humans — "the first direct fossil evidence that modern humans inhabited the Levantine corridor" about 55,000 years ago. At a point in that timeline, between 40,000 and 60,000 years ago, anatomically modern humans (AMH) from Africa expanded across Europe and Asia. "It's an important puzzle in the big story of human evolution," says Israel Hershkovitz, the Professor in the Department of Anatomy and Anthropology, Sackler Faculty of Medicine at Tel Aviv University, who's leading up the excavation team that discovered this skull fragment dubbed "Manot 1." The findings, published this week by Nature, provides insight into that migration.
Apple’s $18 billion profit over the last three months of 2014 was driven primarily by growing iPhone sales, which accounted for more than two-thirds of the company’s $74.6 billion in revenue. At a time when smartphones are being dismissed as undifferentiated slabs of composite materials, Apple’s making more money from the hardware it sells than it ever has before, and the average price of every iPhone sold has actually risen. With iPads and Macs counted alongside the iPhone, Apple sold 101 million devices in the last quarter, and once you factor in iPods, the Apple TV, and peripherals like Beats headphones, 93.5 percent of all its revenue came from hardware sales. There’s no denying, of course, that some of the iPhone sales euphoria is pure, unadulterated hype.
You can't do it all alone. In order to succeed, it's essential to build exactly the kind of staff you want. But building your staff doesn't end at the hiring process. You've got to be able to foresee the challenges ahead. And when it comes to creating an amazing team, you can count on the fact that employee retention will be a challenge....
Travelling is stressful enough without the added pain of wondering if you’ll be able to afford this month’s rent if you book a direct flight to your destination. Air travel can be remarkably expensive, to the point where there are hundreds of websites dedicated to finding you the best price for a plane ticket. Most of them operate in much the same way, by scouring airlines’ websites and searching for the best prices on flights that meet your search criteria. But now there’s a brand new iPhone app that takes a very different approach to finding you cheap flights: It predicts the future. DON’T MISS: Video: Watch terrified passengers’ reactions when the driver floors it in a Tesla P85D Instead of giving you
Bill Gates has dropped by Reddit a couple times in the past, and he's doing it again this afternoon for an AMA starting at 1:15PM ET / 10:15AM PT. Though the spirit of an AMA is that people on Reddit can ask the person anything, Gates is probably interested in talking about his recently published annual letter, which outlines his views for how technology can help improve the lives of the poor. Last week, we spoke with Gates at length about what the next 15 years are going to look like — as you can see in the video above — and he's even guest-editing The Verge in February to help us find out. ...
Technically Incorrect: It seems one can never know enough about how temperature affects the air pressure in a football. As part of its investigation, the NFL team reportedly is researching gas physics. Really.>
SAN FRANCISCO (AP) — Apple CEO Tim Cook says consumer demand for new iPhones has been "staggering" and "hard to comprehend." That helped the company report record-smashing earnings for its latest quarter and sent the stock climbing more than 7 percent on Wednesday.
By Thomas Grove MOSCOW (Reuters) - Russia said on Wednesday military action by the Ukrainian government would prompt an "inevitable further escalation of the conflict" with pro-Russian separatists in eastern Ukraine and undermine any peacemaking. Russia has stepped up criticism of Kiev since violence has intensified in the conflict, where a ceasefire collapsed after rebels drove Ukrainian government forces out of Donetsk airport. The separatists say they want to drive back government forces and their artillery out of range of the cities they hold and improve their grip on strongholds. "The latest military actions provoked by Kiev will lead to the inevitable further escalation of the conflict (and) undermine efforts taken by the international community to end the bloodshed," Russia's Foreign Ministry said in a statement.
LITTLE ROCK, Ark. (AP) — A bid to end Arkansas' practice of commemorating Confederate Gen. Robert E. Lee and civil rights icon Martin Luther King Jr. on the same day has failed before a state House panel.
An attack overnight in northern Mali by a pro-government armed group including suicide bombers killed a dozen people, security sources said Wednesday. "GATIA fighters, accompanied by suicide bombers, attacked a rebel Tuareg and anti-government Arab position in the night from Tuesday to Wednesday near the town of Tabankort. A security source in MINUSMA -- the United Nations peacekeeping mission in Mali -- confirmed the deaths, adding that two fighters blew themselves up while a third was killed before he was able to detonate his explosives. GATIA is the commonly-used name for the pro-government Imghad and Allies Tuareg Self-Defence Group.
Lebanese Hezbollah militants killed and wounded a number of Israeli soldiers in a "big operation" on Wednesday targeting an Israeli military convoy in a frontier area, a Lebanese political source said. The attack in the Israeli-occupied Shebaa Farms area was in response to an Israeli rocket attack in Syria, the source, who is familiar with details of the operation, said.
By Aruna Viswanatha and Julia Edwards WASHINGTON (Reuters) - Loretta Lynch, President Barack Obama's pick for attorney general, on Wednesday sought to make a clean break from the testy relationship her predecessor had with Congress, while supporting the legality of Obama's controversial actions on immigration. Lynch, a career prosecutor known for her diplomatic skills, struck a delicate balance during her confirmation hearing, telling the Senate Judiciary Committee, "I look forward to fostering a new and improved relationship." Her willingness to listen to Republican concerns was generally well received by the senators and marked a departure in style from the current attorney general, Eric Holder, an unapologetic liberal voice and one of Obama's closest allies. Still, she defended the administration's legal justification for Obama's November immigration order, which eased the threat of deportation for some five million undocumented immigrants.
By Scott Malone MARSHFIELD, Mass. (Reuters) - Ocean Street in the waterfront Massachusetts town of Marshfield was littered with lobster traps, downed wires and chunks of houses on Wednesday, after a massive blizzard hammered New England. Notably absent was much of the 2 feet (30 cm) of snow that blanketed much of the Boston area, since for much of the storm, Ocean Street was under water because of flooding from a breached sea wall. "This area sees flooding regularly, but we haven't seen damage like this since the blizzard of '78," town planner Greg Guimond said as he surveyed the wreckage. Schools remained closed in Boston and most of its suburbs for a second straight day but life was otherwise returning to normal with the city's transit system and airport resuming service and a travel ban lifted.
By Ernest Scheyder WILLISTON, N.D. (Reuters) - North Dakota's oil industry is pushing to change the state's radioactive waste disposal laws as part of a broad effort to conserve cash as oil prices tumble. The waste, which becomes slightly radioactive as part of the hydraulic fracturing process that churns up isotopes locked underground, must be trucked out of state. The most common form of radioactive waste is a filter sock, a mesh tube resembling a sandbag through which fracking water is pumped before it's injected back into the earth.
By Elvina Nawaguna WASHINGTON (Reuters) - The number of children in the United States relying on food stamps for a meal spiked to 16 million last year, according federal data, signaling a lopsided economic recovery in which lower income families are still lagging behind. The roughly one in five children who received food stamps in 2014 surpassed pre-recession levels, when one in eight or 9 million children were on food stamps, according to the U.S. Census survey of American families released on Wednesday Republicans in Congress have sought to cut back on the Supplemental Nutritional Assistance Program or food stamp program as part of a larger plan to balance the budget. Other findings of the survey show a rapidly changing America in which more children are being raised in single-parent homes and more young people are delaying marriage. Of the 73.7 million children under 18 in the United States, 27 percent were living in single parent homes last year, tripling the 9 percent in 1960.