Business Tech

King Digital Gets Crushed in Q2

'Candy Crush Saga' maker King Digital Entertainment took a licking on Tuesday after the company reported second-quarter revenue that fell short of expectations.

'BuzzFeed' Takes Great Leap Forward

A $50 million investment and company expansion plans mark another important benchmark in BuzzFeed's unlikely evolution into major Internet player.

Andreessen Horowitz Bets $50 Million on Buzzfeed

Entertainment and news site Buzzfeed got a $50 million vote of confidence from Silicon Valley venture capital firm Andreessen Horowitz, valuing the company at $850 million.

Zynga Shares Tumble After Hours

Zynga on Thursday reported a wider loss in its second quarter, with a revenue forecast falling well short of estimates and its stock tumbling after hours.

Why Samsung Shares Plunged in the April-June Quarter

Samsung earned $6.1 billion last quarter but investors were dissatisfied, sending its share price down 4 percent. Its earnings report for the April-June quarter show why.

Sony Delivers 8-fold Jump in Profit

Sony reported a surprise jump in quarterly profit Thursday as sales got a perk from a cheap yen and its bottom line was helped by gains from selling buildings and its stake in a video-game maker.

Twitter's Stock Rises on Stellar Revenues

Twitter's little bird is flying high after reporting Tuesday that revenues had more than doubled in the second quarter.

Zillow in Reported $2B Bid for Real Estate Rival Trulia

Two of the most popular real estate sites in the nation -- Zillow and Trulia -- may combine in a move that would create an online colossus in a tradition-bound industry disrupted by massive technology change in recent years.

Lyft Announces New York City Service

The on-demand ride-sharing app Lyft planned to start limited service in New York City on Friday night after reaching agreement with officials to resolve regulatory issues.

Pandora Tumbles in Late Trading

Pandora Media stock plummeted after the streaming-music company showed off its latest quarterly earnings report Thursday.

Amazon Shares Drop on Q2 Loss

Shares of fell Thursday after the e-commerce retailer reported a larger than expected second-quarter loss as expenses piled up faster than revenue.

Broadcom Cutting Chip Unit, 2,500 Jobs

Tech giant Broadcom is ditching its once-lucrative cellular baseband chip unit and shedding 20 percent of its global workforce, the company reported this week.

BlackBerry Appoints New COO from LiveOps Inc.

BlackBerry has appointed Marty Beard, the former chief executive of LiveOps, Inc. as its new chief operating officer.

Verizon Launches Rewards Program With Tracking

Verizon is the first wireless carrier to roll out a comprehensive rewards program but you have to be tracked to help target ads.

IBM Sales Fall for 9th Straight Quarter

IBM reported a ninth straight quarter of declining sales as demand fell for hardware and computer services, underscoring the urgency of its plan to get more revenue from newer businesses like cloud computing.

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