Fitbit’s current-quarter revenue forecast misses estimates
(Reuters) – Wearable device maker Fitbit Inc’s forecast for current-quarter revenue missed Wall Street estimates, hurt by a drop in …read more Source: Reuters Tech News
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Tesla posts quarterly loss, Model 3 production on track
(Reuters) – Tesla Inc on Wednesday posted its worst ever quarterly loss and said its Model 3 production target …read more Source: Reuters Tech News
Amazon makes bid to spoil Walmart-Flipkart deal: report
BENGALURU/MUMBAI (Reuters) – Amazon.com Inc has made a formal offer to buy 60 percent of Flipkart, CNBC-TV18 reported on Wednesday, …read more Source: Reuters Tech News
Spotify operating loss narrows in first quarterly report
LONDON (Reuters) – Spotify Technology on Wednesday posted quarterly revenue in line with its recent outlook and sharply lower operating …read more Source: Reuters Tech News
U.S. considering restrictions on China’s telecoms companies: sources
WASHINGTON (Reuters) – The Trump administration is considering issuing an executive order that would restrict some Chinese companies’ ability to …read more Source: Reuters Tech News
Apple services segment faces margin, competitive challenges
(Reuters) – Apple Inc is betting on services such as app downloads and music subscriptions to help drive growth as …read more Source: Reuters Tech News
U.S. considering restrictions on China’s telecoms companies: WSJ
WASHINGTON (Reuters) – The Trump administration is considering executive action to restrict some Chinese companies’ ability to sell telecommunications equipment …read more Source: Reuters Tech News
Aerospace suppliers look to blockchain for parts tracking
BERLIN (Reuters) – Aerospace suppliers are starting to explore blockchain technology to keep tabs on their supply chain, potentially tracking …read more Source: Reuters Tech News
TSB chief to lose bonus linked to botched IT upgrade
LONDON (Reuters) – The chief executive of British bank TSB, Paul Pester, will not get a bonus linked to the …read more Source: Reuters Tech News
Pentagon stops selling Huawei, ZTE phones in its bases, cites security
WASHINGTON (Reuters) – The U.S. Department of Defense has stopped selling mobile phones and modems made by the Chinese technology …read more Source: Reuters Tech News