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Latest collection of news from a number of reliable sources.
Apr 27 2015 8:25PM EST | Source: REUTERS Technology
(Reuters) - Telx Group Inc, a private equity-owned provider of data centers and network solutions to companies, is exploring a sale that could value it at around $2 billion, including debt, according to people familiar with the matter.

Apr 27 2015 7:29PM EST | Source: REUTERS Technology
(Reuters) - Apple Inc beat Wall Street's revenue and profit forecasts on Monday as it sold more iPhones in China than the United States for the first time, but the company gave no sales figures for its new Apple Watch.

Apr 27 2015 6:44PM EST | Source: REUTERS Technology
(Reuters) - EBay Inc Chief Executive John Donahoe has added weight to Google Inc's defense in an antitrust case, saying the two companies are direct competitors in online shopping, the Financial Times reported.

Apr 27 2015 6:09PM EST | Source: REUTERS Technology
(Reuters) - Apple Inc beat Wall Street's revenue and profit forecasts on Monday on the back of surging iPhone sales, especially in China, but it gave no sales figures for its new Apple Watch.

Apr 27 2015 5:52PM EST | Source: REUTERS Technology
NEW YORK (Reuters) - Microsoft Corp lost a round in a potentially costly patent battle when a U.S. International Trade Commission judge on Monday found that the software giant used InterDigital Inc's technology in its mobile phones without permission.

Apr 27 2015 5:34PM EST | Source: REUTERS Technology
(Reuters) - Apple Inc beat Wall Street's revenue and profit forecasts on Monday on the back of surging iPhone sales, especially in China, but it gave no sales figures for its new Apple Watch.

Apr 27 2015 5:02PM EST | Source: Geek.com
Freemium isn't free
The monolith of Gaming is dead. Long live games!

Apr 27 2015 4:38PM EST | Source: REUTERS Technology
(Reuters) - Apple Inc reported a 27 percent rise in quarterly revenue as iPhone sales surged and the company raised its share repurchase program by $50 billion.

Apr 27 2015 4:22PM EST | Source: REUTERS Technology
NEW YORK (Reuters) - Microsoft Corp lost a round in a potentially costly patent battle when a U.S. International Trade Commission judge on Monday found that the software giant used InterDigital Inc's technology in its mobile phones without permission.

Apr 27 2015 4:00PM EST | Source: REUTERS Technology
(Reuters) - Facebook Inc introduced free video calling in its Messenger phone app on Monday as the company seeks to transform its mobile messaging service into a full-featured platform with the same reach as its 1.4 billion user social network.

Apr 27 2015 3:22PM EST | Source: REUTERS Technology
NEW YORK (Reuters) - Microsoft Corp lost a round in a potentially costly patent battle when a U.S. International Trade Commission judge on Monday found that the software giant used InterDigital Inc’s technology in its mobile phones without permission.

Apr 27 2015 2:43PM EST | Source: REUTERS Technology
(Reuters) - Facebook Inc said on Monday it added a video-calling feature to its standalone Messenger app.

Apr 27 2015 1:58PM EST | Source: Apple.com
Apple today announced financial results for its fiscal 2015 second quarter ended March 28. The company posted quarterly revenue of $58 billion and quarterly net profit of $13.6 billion, or $2.33 per diluted share. These results compare to revenue of $45.6 billion and net profit of $10.2 billion, or $1.66 per diluted share, in the year-ago quarter. Gross margin was 40.8 percent compared to 39.3 percent in the year-ago quarter. International sales accounted for 69 percent of the quarter’s revenue. “We are thrilled by the continued strength of iPhone, Mac, and the App Store, which drove our best March quarter results ever,” said Tim Cook, Apple’s CEO. “We’re seeing a higher rate of people switching to iPhone than we’ve experienced in previous cycles, and we’re off to an exciting start to the June quarter with the launch of Apple Watch.”

Apr 27 2015 1:57PM EST | Source: Apple.com
Apple today announced that its board of directors has authorized an increase of more than 50 percent to the company’s program to return capital to shareholders. Under the expanded program, Apple plans to utilize a cumulative total of $200 billion of cash by the end of March 2017. As part of the revised program, the board has increased its share repurchase authorization to $140 billion from the $90 billion level announced last year. In addition, the company expects to continue to net-share-settle vesting restricted stock units. The board has also approved an increase of 11 percent to the company’s quarterly dividend, and has declared a dividend of $0.52 per share, payable on May 14, 2015, to shareholders of record as of the close of business on May 11. “We believe Apple has a bright future ahead, and the unprecedented size of our capital return program reflects that strong confidence,” said Tim Cook, Apple’s CEO. “While most of our program will focus on buying back shares, we know that the dividend is very important to many of our investors, so we’re raising it for the third time in less than three years.”

Apr 27 2015 1:33PM EST | Source: REUTERS Technology
NEW YORK (Reuters) - When the Nasdaq Composite last hit record highs during the dotcom era, fund manager Walter Price struggled with justifying paying 400 times a company's earnings for rapid growth.

Apr 27 2015 11:07AM EST | Source: REUTERS Technology
(Reuters) - Google Inc said it would launch an experimental portal that allows interested patent holders to sell their patents to the company.

Apr 27 2015 10:44AM EST | Source: REUTERS Technology
BRUSSELS/BERLIN (Reuters) - The European Union's decision to take on Google last week stems from official complaints by 19 companies in Europe and the United States, including Microsoft and a number of small firms, people familiar with the matter said on Friday.

Apr 27 2015 1:08AM EST | Source: REUTERS Technology
(Reuters) - EBay Inc Chief Executive John Donahoe has supported arguments made by Google Inc in its defense in an antitrust case, saying the two companies are direct competitors in online shopping, the Financial Times reported.

Apr 26 2015 6:50AM EST | Source: REUTERS Technology
MUMBAI (Reuters) - Ratan Tata, chairman emeritus of the holding company of India's Tata conglomerate, has acquired a stake in Xiaomi Technology [XTC.UL], a deal that is likely to bolster the Chinese phone maker's presence in the world's third-largest smartphone market.

Apr 26 2015 6:34AM EST | Source: REUTERS Technology
HELSINKI (Reuters) - Finland's Nokia denied reports in Chinese media that it planned to return to manufacturing phones.

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