Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
SoftBank to book $34 billion gain from Alibaba shares
TOKYO (Reuters) -SoftBank Group Corp on Wednesday said it will book an estimated gain of 4.6 trillion yen ($34.08 billion) on settling prepaid forward contracts using shares in Alibaba Group Holding, ...
Aug 10, 2022
Website creator Wix.com plans cost cuts as Q2 loss narrows
JERUSALEM (Reuters) - Wix.com, which helps small businesses build and operate websites, on Wednesday reported a smaller-than-expected second-quarter loss and announced a plan to sharply reduce costs b...
Aug 10, 2022
Toyota says no change to plan to produce 9.7 million vehicles globally this year
TOKYO (Reuters) - Toyota Motor Corp said on Wednesday there was no change in its plan to produce 9.7 million vehicles globally this fiscal year. The company said it will suspend production on three li...
Aug 10, 2022
Toshiba logs surprise quarterly operating loss on higher materials costs
TOKYO (Reuters) - Toshiba Corp on Wednesday posted an unexpected operating loss in the April-June first quarter as it grappled with a global chip shortage and a sharp rise in costs for raw materials. ...
Aug 10, 2022
Apple supplier Foxconn’s Q2 profit up 12% on cloud demand
TAIPEI (Reuters) -Apple Inc supplier Foxconn reported on Wednesday a 12% jump in second-quarter net profit, beating market estimates, helped by strong demand for its cloud computing products. The Taiw...
Aug 10, 2022
Elon Musk sells 7.92 million Tesla shares worth $6.9 billion – SEC filing
(Reuters) - Tesla Inc Chief Executive Officer Elon Musk has sold 7.92 million shares of the electric vehicle maker worth $6.9 billion, six U.S. securities filings showed on Tuesday. (Reporting by Shiv...
Aug 09, 2022
Taiwan security officials want Foxconn to drop stake in Chinese chipmaker – FT
(Reuters) - Taiwan's national security officials want to force Apple Inc's supplier Foxconn to unwind an $800 million investment in Chinese chipmaker Tsinghua Unigroup, Financial Times reported on Wed...
Aug 09, 2022
Lenovo reports flat revenue growth, slowest in eight quarters, as demand wanes
By Josh Ye HONG KONG (Reuters) - China's Lenovo Group (0992.HK), the world's biggest maker of personal computers, reported flat quarterly revenue growth, narrowly beating market estimates, marking its...
Aug 09, 2022
Meta raises $10 billion in first-ever bond offering
(Reuters) - Facebook-parent Meta Platforms Inc said on Tuesday it had raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business. The...
Aug 09, 2022
Crypto exchange Coinbase posts loss as trading volumes plunge
(Reuters) -Coinbase Global Inc reported a loss for the second quarter on Tuesday, hurt by a plunge in trading volumes as this year's rout in risky assets curbed investor appetite for trading in crypto...
Aug 09, 2022
