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  • Oct 21- VMware Inc, bucking the trend of weak results from other software makers, reported a better-than-expected quarterly adjusted profit, helped by demand for its software that helps store data more efficiently and cut IT costs. VMware's shares were down 1.5 percent in after-market trade. Excluding items, VMware earned 87 cents per share in the third quarter...

  • VMware 3rd-qtr adjusted profit beats estimates Tuesday, 21 Oct 2014 | 4:13 PM ET

    Oct 21- VMware Inc reported a better-than-expected adjusted profit for the third quarter, helped by higher demand for its software that lets computers to run multiple operating systems on the same machine. Excluding items, the company earned 87 cents per share, above the analysts' average estimate of 83 cents per share, according to Thomson Reuters I/B/E/S.

  • BOSTON/ BEIJING, Oct 21- Apple Inc's iCloud storage service in China was attacked by hackers trying to steal user credentials, a Chinese web monitoring group said, adding that it believes the Beijing government is behind the campaign. An Apple representative declined comment on the allegations that Beijing was trying to spy on Apple customers, but noted that the...

  • CAIRO, Oct 21- Egypt is seeking billions of dollars in investment to upgrade its telecommunications infrastructure as part of efforts to attract multinationals and restore growth after three years of political upheaval, the telecoms minister said. Atef Helmy said Egypt needs investment of $5- $6 billion to build broadband internet across the nation and some...

  • FRANKFURT, Oct 21- Smartphone users won't recognise the name B2X, but if your battery dies or your screen breaks, the odds are that the company will be working behind the scenes when you seek a repair. "B2X is doing a nice job of stitching together what are all the very disparate processes that go into the aftermarket for mobile phone repair," said Michael Dominy,...

  • Oct 21- Magic Leap Inc, a startup focused on augmented reality technology, said it raised $542 million in a funding round led by Google Inc.. Investors in the latest round included Qualcomm Inc, the world's No.1 mobile phone chipmaker, Andreessen Horowitz, KKR and Legendary Entertainment. Sundar Pichai, senior vice president of Android, Chrome and Apps at Google,...

  • Staples investigating possible data breach Tuesday, 21 Oct 2014 | 7:27 AM ET

    NEW YORK— Staples is looking into a potential credit card data breach and has been in touch with law enforcement officials about the issue. Other breaches have occurred at retailers including Target Corp., Supervalu Inc. and Home Depot Inc.. Shares of Staples Inc., based in Framingham, Massachusetts, slipped 3 cents to $12.27 in midday trading.

  • LONDON, Oct 21- British chipmaker ARM Holdings' predictions of improving smartphone demand and strengthening royalty growth met with a cool stock market response after it fell short of third-quarter revenue expectations on Tuesday. The company that provides the technology that powers the iPhone 6 pointed to Apple's booming sales, but investors will take...

  • *DDC to expand into Ethiopia, Kenya, South Sudan and Somalia. Djibouti Data Center, set up by a group of local and international investors 18 months ago, is the first data centre and Internet exchange in east Africa connected to eight fibre optic cables that are part of the main Internet route from Europe to Asia. The Internet route travels through the Mediterranean,...

  • Samsung phones cleared for US government use Tuesday, 21 Oct 2014 | 3:33 AM ET

    SEOUL, South Korea— Samsung Electronics Co. said Tuesday some of its Galaxy mobile devices were approved by the National Security Agency for use with classified U.S. government networks and data, a boost to the company's efforts to expand in the security-conscious business market. The South Korean company said the Galaxy S5, the Galaxy Note 4 and seven other...

  • Oct 21- Staples Inc is investigating a possible breach of payment card data and has contacted law enforcement about the matter, making it the latest U.S. retailer to become a possible victim of a cyberattack. "Staples is in the process of investigating a potential issue involving credit card data and has contacted law enforcement," company spokesman Mark Cautela...

  • Oct 21- Staples Inc said late Monday evening it is investigating a possible breach of payment card data and has contacted law enforcement about the matter, making it the latest U.S. retailer to become a possible victim of a cyberattack. "Staples is in the process of investigating a potential issue involving credit card data and has contacted law enforcement,"...

  • BOSTON/ BEIJING, Oct 20- Apple Inc's iCloud storage and backup service in China was attacked by hackers trying to steal user credentials, a Chinese web monitoring group said, adding that it believes the country's government is behind the campaign. The attack comes several weeks after Apple said it would begin storing iCloud data for Chinese users on China...

  • WASHINGTON, Oct 20- The Russian government has been ruled out as sponsor of a cyber attack on JPMorgan Chase& Co disclosed in August, U.S. law enforcement officials said on Monday. Officials from the FBI and Secret Service told a news conference at the Financial Services Roundtable in Washington that authorities believe the attack was the work of cybercriminals.

  • SAN FRANCISCO, Oct 20- Apple Inc's iCloud storage and backup service in China was attacked by hackers trying to steal user credentials and other information, a cybersecurity blog charged on Monday, saying it believes the country's government is behind the campaign. Unknown "Chinese authorities" interposed their own website between users and Apple's iCloud,...

  • Oct 20- International Business Machines Corp reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue. IBM shares fell nearly 7 percent to a three-year low, a blow for legendary investor Warren Buffett whose Berkshire...

  • SAN FRANCISCO, Oct 20- Apple Inc forecast a strong holiday quarter after a better-than-expected 16 percent jump in iPhone sales, and the strongest growth in Mac computer shipments in years helped the company surpass Wall Street's targets. Shares of Apple rose 1.3 percent to about $101.10 in after-hours trade. Some investors hope that Apple's recently forged...

  • SAN FRANCISCO, Oct 20- Microsoft Corp will provide free cloud-computing and research applications to qualified medical researchers working on the Ebola virus, the software company's chief executive said on Monday. Azure is the name of Microsoft's cloud-computing platform, essentially a group of datacenters that allow users to access large amounts of...

  • APPLE CFO SAYS WILL ANNOUNCE FIRST WAVE OF NEW SOFTWARE APPS IN IBM PARTNERSHIP NEXT MONTH.

  • BUSINESS-NEWS-SCHEDULE AT 1830 GMT / 2:30 p.m. ET Monday, 20 Oct 2014 | 2:52 PM ET

    International Business Machines Corp reports a marked slowdown in business in September and abandons its 2015 operating earnings target, as weak client spending and a slumping software sector weighed down quarterly revenue. Valeant Pharmaceuticals International Inc says it may raise its bid for Botox maker Allergan Inc to more than $200 per share; the...