Sony warned about its smartphone division when it released earnings, raising the question whether the firm should just cut its losses in the sector.» Read More
Apple Inc s fell $2.55 or 2.6 percent, to $95.60. Hewlett Packard Co. fell$. 50 or 1.4 percent, to $35.61. International Business Machines Corp. fell $2.33 or 1.2 percent, to $191.67.
*Expects Q3 revenue of $25 mln- $28 mln vs $41.3 mln. Expects adj loss $0.37- $0.43/ shr vs est loss of $0.05. July 31- Audio chip maker Audience Inc forecast current-quarter results largely below analysts' estimates after its biggest customer, Samsung Electronics Co Ltd, warned of increasing competition and weak earnings.
NEW YORK, July 31- Microsoft Corp must turn over a customer's emails stored in a data center in Ireland to the U.S. government, a U.S. judge ruled on Thursday in a case that has drawn concern from privacy groups and major technology companies.
NEW YORK— Twitter said government requests for user data grew sharply in the past six months as more countries asked for a greater amount of information about users.
Apple Inc. fell 2.6 percent to $95.60 with 55,014,100 shares traded. BlackBerry Ltd. fell 3.9 percent to $9.33 with 24,706,500 shares traded. Cisco Systems Inc. fell 1.6 percent to $25.23 with 27,308,200 shares traded.
NEW YORK, July 31- Microsoft Corp must turn over a customer's emails and other account information stored in a data center in Ireland to the U.S. government, a judge ruled on Thursday, in a case that has drawn concern from privacy groups and major technology companies.
NEW YORK— U.S. law enforcement can force Microsoft Corp. to turn over emails it stores in Ireland, a judge ruled in a case that technology companies have rallied around as they pursue billions of dollars in data storage business abroad.
On Throwback Thursday, the "Squawk Alley" crew looks back at the original iPad and revisit Walt Mossberg's review of the product. Walt says almost nothing has grown as fast as quickly as tablets.
Jon Steinberg, Daily Mail North America CEO, and the "Squawk Alley" crew discuss the possible delay of Apple TV 2 and slumping smartphone sales for Samsung.
Apple plans to lay off about 200 people at Beats Electronics, according to Bloomberg, citing a person with knowledge of the restructuring.
Just as the Great Depression shaped the spending habits of Americans who grew up during that era, experts predict millennials will be driven by deals.
Bricks-and-mortar locations need to undergo a complete makeover to stay relevant 25 years down the line, experts said.
While traders slog through yet another earnings season, former trader Raj Mahal muses about what he DOESN'T miss about life on the Street.
*Sony warns will just break even on smartphones this FY. TOKYO, July 31- Japan's Sony Corp warned it doesn't now expect to make money on smartphones this year, citing weak demand, but said restructuring will help it turn a profit in its loss-making consumer electronics division for the first time in four years.
TOKYO— Sony Corp. reported a surprise eightfold jump in quarterly profit Thursday as sales got a perk from a cheap yen and its bottom line was helped by gains from selling buildings and its stake in a video-game maker. Sony's April-June profit soared to 26.8 billion yen from 3.1 billion yen a year earlier.
SEOUL, July 31- Samsung Electronics Co Ltd. on Thursday reported its worst quarterly profit in two years and flagged uncertain earnings prospects for its key handset business, fuelling worries about its ability to return to growth.
SEOUL, South Korea— Samsung Electronics Co. reported a bigger-than-expected fall in second quarter profit on Thursday and said it was uncertain if earnings from its handset business would improve in the current quarter. Its net income for the April-June quarter dropped 20 percent to 6.3 trillion won from 7.8 trillion won a year earlier.
An ugly earnings report from Samsung prompted a 3 percent drop in shares, but that hasn't deterred market bulls.
Samsung reported its worst quarterly profit in two years and was downbeat about prospects, fueling concerns about its ability to face competition.
SEOUL, July 31- Samsung Electronics Co Ltd. on Thursday reported its worst quarterly profit in two years and was downbeat about its second-half prospects, fueling concerns about its ability to protect its smartphone turf in the face of mounting competition.