Feb 5- LinkedIn Corp's shares closed down 43.6 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. The rout in the stock cost LinkedIn chairman Reid Hoffman about $1.2 billion based on his 11.1 percent stake in the company he...» Read More
*Average hourly earnings rise 12 cents, or 0.5 pct. Feb 5- Wall Street was set to open lower on Friday after data showed U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded. "I'm a little surprised the markets reacted somewhat negatively to it," said Sean Lynch, co-head of global equity strategy at Wells...
Feb 5- U.S. stock index futures were little changed on Friday as investors awaited the January employment report that could provide clues on the Federal Reserve's monetary policy outlook. The data is expected at 8:30 a.m. ET. *Stocks have had a rough start to 2016, hurt by tepid U.S. growth, falling oil prices and concern that the world faces a China- led slowdown.
SHANGHAI— The hundreds of millions of Chinese heading home for Lunar New Year have a relatively new travel option this year: mobile apps to find carpool partners to share costs in what is a novel concept for most Chinese. Software developer Li Jin in Shanghai used one after he had to abort his flight plans because of last-minute work demands, and found that the only...
MORRISVILLE, N.C. _ SciQuest Inc. on Thursday reported fourth-quarter earnings of $1.5 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share. For the current quarter ending in April, SciQuest expects its per-share earnings to range from 7 cents to 8 cents.
Tableau reported fourth-quarter earnings that beat estimates on Thursday, but the stock plummeted double digits in after-hours trading.
Feb 4- Australian Atlassian Corp PLC reported a 44.7 percent increase in quarterly revenue as more customers purchased its software that help companies collaborate and manage their operations. Net income inched up to $5.1 million in the second quarter ended Dec. 31 from $5.0 million a year earlier. Atlassian, which listed on the Nasdaq in December, said revenue...
Re/Code Editor-at-Large Walter Mossberg talks about why he thinks Apple's app ecosystem isn't living up to its hardware standards.
The computer-networking giant will spend $1.4 billion on software developer Jasper Technologies.
ATLANTA— Kik Messenger, a smartphone app popular among younger teens, is on the defensive following the stabbing death of a 13- year-old girl in Virginia who told friends she was using Kik to connect with an 18- year-old man. Kik made an updated guide for parents available on its website following the arrests of two Virginia Tech students in the slaying of Nicole...
Tanium creates cybersecurity sofware used to ensure the security of devices used by Visa and Amazon, among others. Tanium President and CTO Orion Hindawi, discusses the problems his company can solve for companies' experiencing vulnerabilities to hackers.
The company, which makes computer-aided design software, said it expected pre-tax charges of $85 million- $95 million related to the restructuring. The company in November forecast fourth-quarter adjusted profit of between 8- 12 cents per share on revenue of $620- $640 million. Analysts on average were expecting a profit of 10 cents per share on revenue of...
The company said it anticipated pre-tax charges of $85 million- $95 million related to the restructuring.
SAN FRANCISCO, Feb 3- Venture capital firm Index Ventures has raised $1.25 billion to invest in technology startups, in another sign that neither stock market turmoil nor unease in the late-stage investing market has slowed venture fundraising. In addition, Index Ventures disclosed it raised late last year a $700 million fund that will be dedicated to...
TEL AVIV, Israel _ Radware Ltd. on Wednesday reported fourth-quarter net income of $4.3 million. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 17 cents per share. Radware shares have dropped 15 percent since the beginning of the year.
WESTON, Fla. _ The Ultimate Software Group Inc. on Tuesday reported fourth-quarter earnings of $9 million. Twelve analysts surveyed by Zacks expected $169.2 million. For the current quarter ending in April, Ultimate Software said it expects revenue in the range of $180 million.
The Atlanta- based airline does not expect further delays due to the issue, and no flights already in the air were affected, spokesman Michael Thomas said in a statement. The delays prompted concern from travelers on social media, including journalists who were in Iowa to cover the caucuses there ahead of the U.S. presidential election in 2016..
DELTA AIR LINES INC DOES NOT EXPECT FURTHER DELAYS DUE TO SOFTWARE OUTAGE- SPOKESMAN.
DELTA AIR LINES INC HAD BRIEF SOFTWARE OUTAGE THAT RESULTED IN ABOUT TWO DOZEN SHORT BOARDING DELAYS- SPOKESMAN.
TOKYO— Nintendo Co. reported a 36 percent drop in quarterly profit on Tuesday after lackluster video game sales for the year-end holiday shopping season. For the nine months from April through December, Nintendo said global sales of the Wii U reached 3.06 million units. The results show Nintendo suffered during the holidays when game sales are usually strong.
The team includes hundreds of staff from targeted acquisitions and employees poached from companies, the Financial Times reports.
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Matt Hunter is the senior technology editor at CNBC.com.
Ari Levy is CNBC.com's senior technology reporter in San Francisco.
Harriet Taylor is a CNBC.com technology reporter based in San Francisco. She covers Apple, Uber and the sharing economy, cyber security and emerging Silicon Valley trends.
Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.
Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.
Josh Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.