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  • *CEO lauds 33 pct on-year growth in slowing China market. BEIJING, July 2- China's top smartphone maker Xiaomi Inc on Thursday reported semi-annual sales that for the first time were lower than the previous six months, jeopardising its full-year target and hinting at a slowdown in its mainstay domestic market. "Around 90 percent of Xiaomi's shipments are in China,...

  • Xiaomi's H1 handset sales put full-year target in doubt Wednesday, 1 Jul 2015 | 11:26 PM ET

    BEIJING, July 2- Xiaomi Inc on Thursday said it sold 34.7 million smartphones in the first six months of 2015, casting doubt on the ability of China's most valuable tech startup to achieve its full-year target. Xiaomi's new sales data comes at a moment when industry analysts believe the smartphone market in China- where Xiaomi is No. 1- may be reaching saturation.

  • Hewlett-Packard moves forward with plan to split in 2 Wednesday, 1 Jul 2015 | 6:51 PM ET

    SAN FRANCISCO— Hewlett-Packard is moving forward with plans to split into two companies, filing paperwork to create a new entity that will sell commercial technology, while a separate spinoff will sell personal computers and printers. The papers show those units had $25.6 billion in sales over the last two quarters, with net earnings of $852 million.

  • July 1- Real estate developer Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, could be the latest victim of credit card breach, KrebsonSecurity reported, citing data shared by several U.S.-based banks. Credit card data at various Trump properties in the United States, including those in Chicago, Honolulu, Las Vegas, Los Angeles,...

  • Progress Software posts 2Q profit Wednesday, 1 Jul 2015 | 4:27 PM ET

    BEDFORD, Mass. _ Progress Software Corp. on Wednesday reported fiscal second-quarter profit of $5.8 million. For the current quarter ending in August, Progress Software expects its per-share earnings to range from 35 cents to 38 cents. Progress Software expects full-year earnings in the range of $1.45 to $1.52 per share, with revenue ranging from $380 million...

  • ACE and Dycom are big market movers Wednesday, 1 Jul 2015 | 4:25 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. ACE Ltd., up 81 cents to $102.49. Dycom Industries Inc., up $4.63 to $63.48.

  • July 1- Real estate developer Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, could be the latest victim of credit card breach, KrebsonSecurity reported, citing data shared by several U.S.-based banks. Credit card data at various Trump properties in the United States, including those in Chicago, Honolulu, Las Vegas, Los Angeles,...

  • July 1- Real estate developer Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, could be the latest victim of credit card breach, KrebsonSecurity reported, citing data shared by several U.S.-based banks. Credit card data at various Trump properties in the United States, including those in Chicago, Honolulu, Las Vegas, Los Angeles,...

  • The vaguely worded National Security Law is one of several new regulatory moves by China that worry privacy advocates and have foreign businesses concerned about potential harm to their operations inside the country. The law offered no details on how China would achieve the goals, although a vast government Internet monitoring system has been in place for...

  • SAO PAULO, June 30- Chinese smartphone maker Xiaomi has started making devices in Brazil for sale locally, promising to dramatically undercut rivals on price in the first big step beyond Asia for the world's most valuable technology start-up. Xiaomi's global vice-president, Hugo Barra, said in an interview on Tuesday that Brazil was "stage one of our Latin...

  • SAO PAULO, June 30- Chinese smartphone maker Xiaomi has started making devices in Brazil for sale locally, promising to dramatically undercut rivals on price in the first big step beyond Asia for the world's most valuable technology start-up. Xiaomi's global vice-president, Hugo Barra, said at a launch event on Tuesday that the entry-level Redmi 2 smartphone...

  • ALEXANDRIA, Va.— VMware Inc. and Carahsoft Technology Corporation have agreed to pay $75.5 million to settle claims they overcharged the government. VMware, a Delaware corporation headquartered in Palo Alto, California, specializes in computer virtualization software. The settlement resolves allegations that VMware and Carahsoft made false statements...

  • Cisco to buy security company OpenDNS for $635 million Tuesday, 30 Jun 2015 | 10:00 AM ET

    NEW YORK— Cisco said Tuesday that it plans to buy privately-held OpenDNS for $635 million to boost its network security business. "Together, we will help customers protect their extended network wherever the user is and regardless of the device," said Hilton Romanski, Cisco's chief technology and strategy officer in a statement. Shares of Cisco Systems Inc.,...

  • Background checks suspended after hack Tuesday, 30 Jun 2015 | 10:00 AM ET
    Background checks suspended after hack

    U.S. Office of Personnel Management is suspending a program used for background checks after the big data breach that exposed personal info of millions of current and former government workers.

  • Qualcomm spin off looks slim Tuesday, 30 Jun 2015 | 8:00 AM ET
    Qualcomm spin off looks slim

    Qualcomm CEO says he has no plans to spin off the company's chip business despite pressure from activist investors.

  • IT spending freezing up Tuesday, 30 Jun 2015 | 6:00 AM ET
    IT spending freezing up

    Global IT spending is expected to fall 5.5% this year. Blame the strong dollar and a delay of hardware upgrades in favor of software as a service and other cloud offerings.

  • *New-look Sony's clearest statement of intent so far. TOKYO, June 30- Japan's Sony Corp plans to raise nearly $4 billion via new shares and bonds to plough into image sensors as it reinvents itself as a niche component maker, pulling back from consumer goods like TVs that dragged it into losses. In Sony's first new share issue in 26 years, the firm said on Tuesday it...

  • Sprint rolls out all-included rate plan Tuesday, 30 Jun 2015 | 12:00 AM ET

    NEW YORK, June 30- Sprint Corp said on Tuesday it will offer an $80 a month cellular phone plan, including both service and smartphone device fees, hoping to draw users who dislike complex price plans and hidden costs. The "All-in" plan will offer unlimited talk, text and data at $60, plus $20 to lease phones such as the iPhone 6 and Samsung's Galaxy S6, chief marketing...

  • SAN FRANCISCO— Microsoft is handing off some its digital advertising business to AOL and selling its street-image mapping operation to Uber, as the giant software company tries to focus on activities more relevant to its core business. AOL, meanwhile, is adopting Microsoft's Bing search engine, replacing Google as the default option for visitors who want to...

  • WASHINGTON— The largest federal employee union has filed a class action lawsuit against the federal personnel office and its leaders for failing to safeguard personal files from computer hackers. The suit argues that negligence by federal officials contributed to the cybertheft of private information on up to 18 million current and former employees or...