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 rose$. 34 or. 3 percent, to $98.01. Hewlett Packard Co. fell$. 16 or. 5 percent, to $35.27. International Business Machines Corp. fell$. 21 or. 1 percent, to $194.19.
Companies making headlines before the bell:
BRUSSELS— The European Union's antitrust authority has cleared Apple's $3 billion deal to buy Beats Electronics, which makes headphones and offers music streaming services. The takeover of Beats Electronics and Beats Music announced in May for $2.6 billion in cash and $400 million in stock is the most expensive acquisition in Apple's 38- year history.
SEOUL, South Korea— Samsung Electronics Co. said Monday it is delaying sales of its first Tizen-powered smartphone in the latest setback to the company's ambition to create a mobile platform to rival Google's Android or Apple's iOS.
Technology trendsetters Apple Inc., Google Inc., Facebook Inc. and Netflix Inc. all mined foreign countries to produce earnings or revenue that exceeded analysts' projections in their latest quarters. Century-old companies such as Coca-Cola Co. and Ford Motor Co. also are hoping to make more money in countries including China and India.
Companies including Chipotle Mexican Grill Inc, Apple Inc and PepsiCo have shown they're able to take advantage of quality, trendiness, and, in the case of Pepsi's snack foods, market dominance, to maintain high prices or even raise them faster than the inflation rate, now at about 2.1 percent in the U.S.
Personal data including text messages, contact lists and photos can be extracted from iPhones, Apple acknowledged this week.
SAN FRANCISCO, July 25- Personal data including text messages, contact lists and photos can be extracted from iPhones through previously unpublicized techniques by Apple Inc employees, the company acknowledged this week.
July 25- High-end sound system and headphone maker Bose Corp is going after the newer kid on the block, Beats Electronics, with a lawsuit accusing Beats of infringing several patents related to noise-cancellation technology. Bose was seeking unspecified damages from Beats, which Apple Inc announced this year it would acquire for $3 billion.
TORONTO, July 25- IBM Corp's recent move to partner with Apple Inc to sell iPhones and iPads loaded with corporate applications has excited investors in both companies, but two rivals say they are unperturbed for now.
Bose on Friday sued Beats for infringing on patents for its noise-canceling headphones, claiming it has marketed similar products.
CNBC's Josh Lipton reports Bose is suing Apple's Beat's Electronics over noise-cancelling headphone patents.
Greenlight Capital, David Einhorn's hedge fund firm, gained 7.9 percent in the second quarter, according to a letter sent to investors Friday.
July 25- Amazon.com Inc's heavy investment in content and technology to fight off deep-pocketed rivals is proving to be more costly than many had expected, raising fears that operating earnings will be remain under pressure indefinitely. Amazon's shares fell 12 percent to $314.76 in early trading on Friday, wiping out about $18 billion from its market value.
If "Made in the USA" is really a national economic goal, then Congress needs to fix the problem here at home, says tax consultant Tim Larson.
Chinese companies have been pouring money into Silicon Valley, joining a parade of financiers seeking to participate in the latest boom.
SAN FRANCISCO, July 24- Amazon.com Inc's new "Fire" smartphone contains chips from Qualcomm Inc, NXP Semiconductors NV, and Samsung Electronics Co Ltd, according to repair and teardown specialists iFixit, which pried one open on Thursday.
NEW YORK, July 24- A U.S. judge on Thursday expressed concern over a proposed $450 million settlement of claims Apple Inc conspired with five publishers to fix e-book prices, saying its provisions could drastically reduce money paid to consumers depending on appeals.
July 24- Pandora Media Inc forecast current quarter adjusted profit below analysts' estimates as it plans to plow money back into the business. Pandora forecast adjusted profit of 5- 8 cents per share on revenue of $235- $240 million for the third quarter ending September.
Apple Inc s fell$. 16 or. 2 percent, to $97.03. Hewlett Packard Co. rose$. 06 or. 2 percent, to $35.04. International Business Machines Corp. rose $1.61 or. 8 percent, to $195.24.