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Tech Software

  • REDWOOD CITY, Calif. _ Oracle Corp. on Wednesday reported fiscal fourth-quarter profit of $3.23 billion. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share. Nine analysts surveyed by Zacks expected $10.46 billion.

  • NEW YORK, June 21- Americans' love of their smartphones and apps may be contributing to the sluggish pace of inflation that is worrying Wall Street and the Federal Reserve, a top bond manager at BlackRock, the world's biggest asset manager, said on Wednesday. The core rate of the consumer price index, the U.S. government's broadest inflation gauge, increased 1.7...

  • Cramer Remix: These stocks are downright painful to own

    Jim Cramer spots a dangerous split in the stock market that’s causing serious trouble.

  • NEW YORK, June 21- Americans' love of their smartphones and apps may be contributing to the sluggish pace of inflation that is worrying Wall Street and the Federal Reserve, the top bond strategist at BlackRock, the world's biggest asset manager, said on Wednesday. The core rate of the consumer price index, the U.S. government's broadest inflation gauge, increased...

  • Travis Kalanick, billionaire and chief executive officer of Uber Technologies Inc., looks on during the Noah technology conference in Berlin, Germany, on Wednesday, June 8, 2016.

    Uber CEO Travis Kalanick resigns, following pressure from investors, the New York Times reported.

  • SoftBank Corp invests $100 million into Boston-based cybersecurity firm that specializes in end-point detection and response.

  • June 20- Tesla Inc said the head of its autopilot software, Chris Lattner, left the company in less than six months since joining the electric carmaker. Tesla said it hired Andrej Karpathy as director of artificial intelligence and Tesla Vision team, the spokeswoman said. Karpathy, who most recently worked as a research scientist at OpenAI, will directly report to...

  • The company's shares were up about 4 percent at record level of $146 in after-market trading on Tuesday. Revenue in Adobe's digital media business, whose flagship product is the Creative Cloud, rose 29 percent to $1.21 billion in the second quarter, beating analysts' estimate of $1.17 billion, according to financial data and analytics firm FactSet.

  • SAN FRANCISCO, June 20- Uber said on Tuesday it will for the first time allow drivers to collect tips through its smartphone app, an about-face from previous company policy, as part of the ride-services firm's broader effort to improve an often-contentious relationship. San Francisco- based Uber Technologies Inc had for years opposed adding a tipping feature...

  • SAN JOSE, Calif. _ Adobe Systems Inc. on Tuesday reported fiscal second-quarter earnings of $374.4 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share. Eight analysts surveyed by Zacks expected $1.73 billion.

  • SAN FRANCISCO, June 20- Uber Technologies Inc will, for the first time, allow drivers to collect tips through the Uber smartphone app, the company said on Tuesday, part of a broader effort to improve its often-contentious relationship with its drivers. Beginning on Tuesday, drivers in Houston, Minneapolis and Seattle can collect tips. Tipping is part of a broader...

  • Morgan Stanley raises its price target for Microsoft to $80 from $72, saying the company will report profits above expectations next year.

  • Drones could be key to cracking high logistics costs in China's tier 3-6 cities

    JD.com Founder and CEO, Richard Liu, estimates using drones in the delivery chain could reduce logistics costs by at least 70 percent.

  • Cramer's game plan: This set of earnings reports could sway the market

    Jim Cramer looks ahead at next week's stocks and events, which he says could decide the direction of the market.

  • Traders work on the floor of the New York Stock Exchange.

    Jim Cramer looks ahead at next week's stocks and events, which he says could decide the direction of the market.

  • LOS ANGELES, June 16- Apple Inc has hired two long-time Sony Pictures Television executives to expand the iPhone maker's push into original television programming, plunging deeper into a field crowded by Hollywood studios and online streaming services. Jamie Erlicht and Zack Van Amburg, responsible for hit shows such as "Breaking Bad," "Better Call Saul" and "The...

  • June 16- Apple Inc has hired two long-time Sony Pictures Television executives to expand the iPhone maker's push into original television programming, plunging deeper into a field crowded by Hollywood studios and online streaming services. "Jamie and Zack are two of the most talented TV executives in the world and have been instrumental in making this the...

  • NEW YORK— Technology stocks have taken a stumble over the last week after soaring to heights they last saw just before the dot-com bubble collapsed 17 years ago. Last week they got close to the highs they set all the way back in March 2000. "The sector is delivering on a lot of the promises that investors hoped for during the bubble years," Jack Ablin, chief investment...

  • *Amazon said in April it would launch Marketplace in Australia. *No mention yet of Amazon Prime in Australia. SYDNEY/ SAN FRANCISCO, June 16- Since Amazon.com Inc said in late April it would bring its Marketplace for third-party sellers to Australia, shares of leading bricks-and-mortar retailers have tumbled on fears their growth prospects would be hit.

  • *Biggest tax reform in India's 70- year history. NEW DELHI, June 16- India's new Goods and Services Tax, its biggest tax reform since independence, will unify a $2 trillion economy into a single market- and demand massive changes for small businesses that will have to go online to file their taxes. Rahul Garg, a former Google executive, is positioning his e-commerce...

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