Business Tech

Rovio Profits Fly the Coop

Rovio Entertainment, the makers of the Angry Birds series of mobile games, has seen its profits fall by more than half.

Facebook Is 10 Years Old on Tuesday

Ten years ago Tuesday, Mark Zuckerberg and a few friends launched Facebook as a handy tool for college kids to check each other out. Now it's used by 1.2 billion people to share vital information and pictures of their cats.

Nadella Closer to Top Job at Microsoft

Microsoft Corporation edged closer to naming Satya Nadella, executive VP of its Cloud group, as CEO.

Twitter Buys 900 Patents After IBM Complains

Twitter bought 900 patents from IBM in a move to take on larger rivals such as Google and Facebook.

Facebook Shares Hit All-time High

Facebook shares jumped to record highs Thursday on stronger-than-expected profits and sizzling gains in mobile ad revenue.

Facebook Earnings, Revenue Shoot up in Q4

More than half of Facebook's total ad revenue came from mobile ads in the final quarter of last year, a sign that the social network is succeeding in being "mobile first."

TiVo Acquiring Digitalsmiths for $135 Million

TiVo and video technology company Digitalsmiths announced a friendly acquisition agreement as TiVo accelerates its move into cloud software services.

Microsoft Beats Quarterly Expectations

Microsoft soared to record revenues in the last quarter, shooting down Wall Street forecasts on strong demand for Xbox consoles, Surface tablets and Internet "cloud" services.

Nokia Handset Sales Hung up in December

Nokia's handset sales fell 5 percent during the crucial December quarter compared with the previous three months.

Netflix Adds 2.3 Million U.S. Subscribers

Netflix's fourth-quarter earnings soared six-fold as the Internet video service burnished its status as one of the world's most popular entertainment outlets.

Carl Icahn's Apple Holdings Pass $3 Billion

Activist investor Carl Icahn says he has bought $500 million worth of Apple stock in the past couple of weeks to bring his holdings in the company to more than $3 billion.

IBM Posts Higher Q4 Net Income

IBM's fourth-quarter net income grew 6 percent, beating Wall Street expectations even though revenue declined.

Dell May Buy IBM's Low-End Server Business

IBM is looking into the possible sale of its low-end server unit, sources close to the discussions told the Wall Street Journal.

Facebook to Produce Own News Service

Facebook may finally be about to launch a news reading service built for mobile devices.

Intel Predicts Flat Sales for 2014

Intel reported quarterly sales Thursday that slightly beat Wall Street estimates but earnings that were slightly lower than analysts had expected, with little change expected this year.

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