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Venmo Starts Paying Off for PayPal

WSJ - Fri, 02/01/2019 - 06:25
PayPal’s earnings are being held back by slowing business at eBay, but future growth drivers like Venmo are growing briskly.

Intel's CEO Search Ends Where It Began: With the CFO

WSJ - Fri, 02/01/2019 - 04:42
Intel named as its new CEO Bob Swan, the finance chief who was acting CEO, at a time when demand for its once-hot data-center chips is cooling.

Facebook, Twitter Remove Accounts to Combat Foreign Misinformation

WSJ - Fri, 02/01/2019 - 03:32
Facebook and Twitter said they removed hundreds of fake accounts from Iran and Venezuela spreading misinformation on their social-media platforms.

Elon Musk's Surprise Pick for Tesla CFO Is a Relative Unknown

WSJ - Fri, 02/01/2019 - 03:26
Tesla’s latest C-suite shake-up will thrust a 34-year-old relative unknown, Zach Kirkhorn, into the spotlight as financial chief of one of the most heavily scrutinized Silicon Valley companies.

Scooter Startup Lime Is Raising $400 Million at $2 Billion Valuation

WSJ - Fri, 02/01/2019 - 02:46
Scooter startup Lime is raising $400 million at a $2 billion valuation in the latest funding round, according to a regulatory filing. This is a big boost to the ride-sharing electric-scooter sector that has seen sizeable investor interest despite questions about profitability and vandalism.

Huawei Faces Deepening Scrutiny in Europe

WSJ - Fri, 02/01/2019 - 01:52
The European Union is exploring ways to address security concerns about Huawei and other Chinese telecommunications-equipment suppliers, according to an EU official.

German Court Throws Out Four Qualcomm Patent Suits Against Apple

WSJ - Thu, 01/31/2019 - 22:15
A German court dismissed four patent lawsuits from Qualcomm against Apple, the second victory this month for the tech giant in a continued global legal battle with the chip maker.

Alibaba Leads Rebound in Chinese E-Commerce Stocks

WSJ - Thu, 01/31/2019 - 21:56
Shares of Alibaba and smaller rivals have surged this month, as investors grew more optimistic about online spending in China.

White-Collar Robots Are Coming for Jobs

WSJ - Thu, 01/31/2019 - 21:31
A combination of AI and globalization could reshape the workforce like nothing we’ve seen before. Richard Baldwin, professor of International Economics at the Graduate Institute, Geneva, explains.

Nintendo's Switch Drives Strong Results

WSJ - Thu, 01/31/2019 - 20:19
Nintendo said it sold more than nine million units of its Switch console in a strong final quarter of 2018 but forecast weaker performance to begin this year, surprising analysts who said the outlook might be too conservative.

New Details on Amazon, Berkshire Hathaway, JPMorgan Health Venture Emerge in Court Battle

WSJ - Thu, 01/31/2019 - 19:57
Health giant UnitedHealth Group went to court to try to stop a former executive from working for a company it sees as a competitor, the health-care venture launched by Amazon, Berkshire Hathaway and JPMorgan Chase.

Samsung Posts Slide in Fourth-Quarter Net Profit

WSJ - Thu, 01/31/2019 - 17:15
The South Korean firm’s bleak financial results reflect the latest fallout from China’s slowing economic growth and ongoing trade tensions with the U.S.

Foxconn Backpedals on Wisconsin Factory Plan, Shifts Focus to Research

WSJ - Thu, 01/31/2019 - 16:29
Foxconn Technology Group, a major supplier to Apple Inc., is backing down on plans to build a liquid-crystal displays in Wisconsin, a major change to a deal that the state promised billions to secure.

Facebook Posts Record Profit, Capping Grueling Year

WSJ - Thu, 01/31/2019 - 15:38
Facebook posted record profit in the fourth quarter, showing the resilience of the social-media giant’s business even as it battled through a string of challenges.

Nokia Gets Small Signal Boost From 5G

WSJ - Thu, 01/31/2019 - 14:19
Nokia forecast growing, if sporadic, demand for 5G gear this year and next, but said near-term sales are likely to be flat as the Finnish telecom equipment maker struggles to emerge from years of cost cutting and profit warnings.

Qualcomm Expects Another Drop in Revenue

WSJ - Thu, 01/31/2019 - 07:27
Qualcomm’s revenue is expected to decline for the third consecutive quarter as Apple and others continue to withhold royalty payments amid legal challenges.

Tesla Notches Another Quarterly Profit

WSJ - Thu, 01/31/2019 - 06:56
Tesla chief Elon Musk committed the Silicon Valley auto maker to an ambitious goal this year: a profit in every quarter. If it does deliver, it will be with a new chief financial officer.

Microsoft's Gains Tempered by Chip Shortages

WSJ - Thu, 01/31/2019 - 05:14
The tech giant said computer-chip shortages cut into expected sales of its Windows operating system in the last three months of 2018 and that the scarcity hasn’t been resolved.

Apple's China Problem May Require a New iPhone

WSJ - Thu, 01/31/2019 - 05:05
For years, Apple has operated on the assumption that it gets to set the world’s tastes. Its struggles in China are causing some close observers of the technology giant to say that needs to change.

AT&T Sheds Pay-TV Customers, but Wireless Profits Surge

WSJ - Thu, 01/31/2019 - 05:04
AT&T’s pay-television business lost more than 650,000 customers, as cord-cutting continued to take its toll, but the media business and surging profits in wireless helped the bottom line.