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Technology / Media

eBay profits rose six percent

eBay profits rose by 6% to $676 million or $0.53 per diluted share, and revenue by 13% to $4.4 billion, beating some analysts’ predictions while disappointing others. The online consumer-to-consumer giant continued to gain share as its…

Yahoo Q2 profits fell by 18 percent

Yahoo Q2 profits fell by 18% to $270 million and revenues also declined, by 3% to $1.084 billion, the Internet giant reported on Tuesday. The weak performance was mostly due to a steep drop in digital display advertising, which fell by 8%.…

Google Ventures European fund unveiled

A Google Ventures European fund aimed at technology start-ups has been unveiled by the search engine giant. The $100 fund aims to invest in the best of European tech entrepreneurs, says Google Ventures. It will be based in Clerkenwell,…

Carlos slim slims Mexican telecom presence

Carlos Slim slims América Móvil's presence after new Mexican legislation stipulates that no company is allowed to have a 50%+ share of the national market. The world’s second richest man says he will bring his empire’s market share below…

Samsung Q2 profit drop warning

A strong Korean currency and sluggish smartphone sales have prompted a Samsung Q2 profit drop warning. Samsung Electronics’ operating profit for the April-to-June period is expected to be about $7.1 billion (7.2 trillion won), compared to…

T-Mobile bogus charges lawsuit

T-Mobile bogus charges to the tune of hundreds of millions of dollars were sent to customers, the Federal Trade Commission (FTC) says, according to a lawsuit filed last week. The FTC says T-Mobile has earned millions of dollars from…