SAN JOSE, Calif. (AP) — Court documents show Facebook has agreed to allow users to request refunds of in-app purchases made by minors as part of a settlement of a class-action lawsuit.
America Movil will cut its stake in Telekom Austria by 7.8 percentage points to just over 50 percent, it said on Thursday, ahead of an end of year deadline to reduce its holding and increase the Austrian firm's free float. The announcement came the same day that Citigroup said it was launching an
NetSuite shares rose about 18 percent to $108.07 shortly after midday, just shy of the offer price of $109 in cash per share. Oracle and NetSuite both offer software applications that help companies automate back end and administrative operations from technology to human resources. Like its rivals
Software giant Oracle agreed to acquire cloud computing company NetSuite for $9.3 billion in cash, the companies announced Thursday. Oracle will incorporate NetSuite's cloud-based financial management and resource planning products into its offerings to corporate clients. "Oracle and NetSuite
Samsung extended its lead in the global smartphone market over Apple in the second quarter, gaining from the launch of its updated flagship handsets, surveys showed Thursday. The South Korean giant delivered 77 million smartphones in the quarter, up 5.5 percent from a year ago, for a market share
By Tim McLaughlin BOSTON (Reuters) - The manager of Fidelity's OTC Portfolio, a top investor in Tesla Motors Inc and SolarCity Corp, gave the electric automaker's strategies a vote of confidence in his most recent commentary to fund shareholders. "We are fans not just of Tesla products
San Francisco, July 28 (IANS) US cloud and software major Oracle on Thursday announced it was acquiring enterprise cloud services company NetSuite for nearly $9.3 billion in an all-cash deal - a move that will cement Oracle in the growing cloud business globally and expand its customer base. "Oracle
Arora, the former Google executive handpicked by SoftBank founder Masayoshi Son as his successor, resigned abruptly last month, just two years into his stint, as Son decided to stay longer. The 6.8 billion yen expenses, revealed in SoftBank's quarterly financial statement on Thursday, comes in addition
The board of Italian broadcaster Mediaset said on Thursday it rejected an alternative proposal by Vivendi for the sale of its pay-TV unit and would seek legal action against the French media group. The company owned by former prime minister Silvio Berlusconi said it gave its administrators mandate to
July 28 -- Gene Munster, senior research analyst at Piper Jaffray, previews second-quarter results from Amazon and Alphabet and looks at potential search competition for Google from Facebook. He speaks on "Bloomberg ‹GO›." Munster, his family and firm, do not own shares of Amazon, Alphabet,
(Reuters) - GrubHub Inc's revenue increased more than expected in the second quarter as a record number of people used its service to order meals online, sending the company's shares surging to a new year-high. GrubHub's third-quarter revenue forecast also topped analysts' estimates,
Nestle said it is teaming up with Samsung in a research project to explore the potential of nutrition science and digital sensor technologies. The companies said on Thursday they are developing a new digital health platform to provide individuals with more personalised recommendations around nutrition
July 28 -- David Kirkpatrick, founder and chief executive officer at Techonomy, explains the structural advantages Facebook has over Google in monetizing mobile advertising He speaks on "Bloomberg ‹GO›."
Researchers are exploring a blue hole in the waters of the Paracel Islands in the South China Sea. Data obtained by an underwater robot showed the hole is about 984 feet deep, making it the deepest blue hole ever to be discovered. (July 28)
Facebook Inc is growing so fast analysts can't keep up. The social networking giant beat market expectations for profit and revenue yet again in the latest quarter, pushing up its shares to a record high on Thursday and allowing it to overtake Warren Buffett's Berkshire Hathaway Inc as the fifth
Wonder Workshop Inc, which makes toy robots that teach kids how to code, said it raised $20 million in its second round of funding and was looking to expand into new markets, especially China. Chief Executive and co-founder Vikas Gupta hit upon the idea to start Wonder Workshop during a six-month sabbatical
Facebook recently completed its first test flight of a solar-powered drone that is designed to beam down internet access to remote areas of the world. The Aquila drone is being developed to broaden the scope of internet connectivity around the globe. "New technologies like Aquila have the potential
The little robot that caused a big stir when it hit crowdfunding site Indiegogo is now a retail reality. After passing its funding goal by some 300%, Riley, the AppBot, is now officially on sale at a number of retail outlets and on Amazon for $229. As homes get smarter and connectivity becomes the
By Irene Klotz CAPE CANAVERAL, Fla. (Reuters) - Apollo astronauts who ventured to the moon are at five times greater risk of dying from heart disease than shuttle astronauts, U.S. researchers said on Thursday, citing the dangers of cosmic radiation beyond the Earth's magnetic field. The study by
More than 300 Kickstarter products are getting a boost, as Amazon Launchpad announced the creation of its Kickstarter Collection on Thursday.
July 28 -- Oracle Corp. has agreed to purchase cloud services company NetSuite Inc. in a deal valued at about $9.3 billion. Bloomberg's Alex Sherman reports on "Bloomberg ‹GO›."
July 28 -- Facebook topped second-quarter revenue projections on the strength of mobile advertising. Bloomberg Intelligence's Paul Sweeney looks at Facebook's advertising dominance and how the company is preparing the next steps for Instagram, WhatsApp and Messenger. He speaks on "Bloomberg
LAS VEGAS (AP) — A Chinese rocket re-entered the atmosphere near California late Wednesday night around the same time many people shared video on social media of a mysterious bright object streaking across the night sky.
Japan's SoftBank Group Corp on Thursday flagged a sharp recovery for struggling U.S. unit Sprint and was bullish about long-term prospects for soon-to-be-acquired UK chip designer ARM . The telecoms and internet conglomerate unveiled plans this month to purchase ARM for $32 billion in cash, one
Aladdin Street Singapore is poised to be the world’s first premium quality products and halal e-marketplace, to be launched in the fourth quarter of 2016 Aladdin Street Singapore, a member of the Aladdin Group, has recently announced that it will be the world’s first premium quality products and halal