Washington, July 16 - Yahoo CEO Marissa Mayer is disappointed with the three percent fall in revenue in second quarter.
Yahoo's revenue saw a three percent drop to 1.04 billion during the second quarter, which is lower than analysts' expectation of 1.08 billion,
Mayer said on Tuesday that the company's top priority is revenue growth and by that measure, the company is not satisfied with Q2 results.
She added that in Q2, company saw display revenue decline, and need to work faster faster to ameliorate the negative trends.
Yahoo's adjusted earnings also fell just short of Wall Street's estimates at 37 cents per share.
New York: France's largest bank BNP Paribas will pay a record USD 8.97 billion in penalties to settle charges that it "knowingly and willfully" processed transactions worth billions of dollars on behalf of Cuban, Sudanese and Iranian entities that had been blacklisted.
BNP Paribas, the global financial institution headquartered in Paris, agreed to enter a guilty plea to conspiring to violate the International Emergency- Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA), the first time a global bank has agreed to plead guilty to large-scale, systematic violations of US economic sanctions.
Washington, May 18 : Apple has been sued with a lawsuit over disappearing iMessage texts that have been kept from arriving on Android owners' handsets after they have removed iOS .
The issue began when former iPhone users who have switched to Google's Android mobile operating system stopped receiving texts without notifying either party.
According to Cnet, the issue appears to be on device level, meaning each and every current iPhone user's device may think a new Android user is still using an Apple handset. Not only is the text then lost forever but Apple has provided no concrete solution to prevent it from happening.
Washington, May 15 - Samsung Electronics Co has apologized and offered compensation to the chip factory workers who were afflicted with cancer due to raw chemical exposure.
It was seen as a rare win for the families of the workers and the activists who held the company accountable for the death of a 23-year old worker seven years ago.
Washington, May 15 - Sony is expecting a 489 million dollars loss this year, the Japanese tech giant has warned.
The company said it would spend money restructuring its business this year.
According to CNET, the PlayStation-maker, which is one of the biggest tech companies in the world, has seen its profits fall in recent years by competitors such as Samsung and Apple.
Sony said it expects to post of a loss of 50 billion yen, roughly 489.5 million dollars, in the current fiscal year.
Sony's CFO Kenichiro Yoshida said the company would make this a year of biting the bullet on restructuring.
Washington, Apr 24 - The U. S. Federal Trade Commission has given Facebook the permission to acquire Oculus VR.
Oculus VR is a virtual reality technology company which makes head-mounted display for immersive virtual reality (VR).
According to Mashable, on March 25, Facebook announced that it had entered into an agreement to acquire Oculus, a virtual reality startup, for $2 billion in cash and stock.
A Facebook representative said that they are pleased that FTC has cleared their acquisition of Oculus. (ANI)
Washington, Apr 9 : Samsung is reportedly adding a new product to its wrist worn gadget list.
According to Greenbot, if rumours are to be believed Samsung is working on a wrist gadget with integrated SIM and will allow users to make and receive calls without pairing it to any other mobile device.
This watch will work independently and will be a different device altogether.
Samsung has filed a patent for the Gear Solo name though there is no information whether this will be the name of the device, if launched.(ANI)
Washington, Apr 9 : Samsung should pay about 2.191 billion dollars in damages to Apple for patent infringement, an expert for the iPhone maker has argued.
Apple earlier said it wanted about two billion dollars, but the testimony marks the first time the precise total and the factors that went into the calculation have been revealed.
According to CNET, Christopher Vellturo, an economist and principal at consultancy Quantitative Economic Solutions, said he reached the 2.191 billion dollars figure by calculating reasonable royalties and lost sales and profits.
Washington, Apr 4 - A Virginia beer maker has created a beer which is made from the yeast on a 35-million-year old whale fossil.
The creation, called Bone Dusters Paleo Ale, is said to taste sweet like Belgium beer and it has a 4-to-5-percent alcohol by volume (ABV) --slightly lower than regular beer, Fox News reported.
Jason Osborne, co-founder of Paleo Quest, a non-profit dedicated to advancing paleontology and geology, teamed up with Jason Akerboom from the Lost Rhino Brewing Company to create this vintage brew.
Washington, April 03 : Tech-giants Microsoft's new Windows Phone 8.1 reportedly features a new software named Cortana as an answer to Apple's Siri, Samsung's S Voice, and all the other voice assistance software suits out there.
Microsoft's corporate vice president and manager for Windows Phone Program Management Joe Belfiore said that he is thrilled for everyone to now meet their truly personal digital assistant for Windows Phone, as he introduces the Bing-powered Cortana voice assistant.
Washington, March 31 : Google has reportedly alleged that Turkish Internet service providers are blocking its public DNS service by setting up masqueraded DNS servers.
The company confirmed that Turkey is actively blocking Google's public Domain Name System (DNS) service that translates numeric Internet Protocol addresses into the more human-readable domain names.
According to Cnet, software engineer Steven Carstensen wrote on Google's security blog that Google received several credible reports and "confirmed" with its own research that its DNS service is being intercepted by most Turkish Internet service providers (ISPs).
Washington, March 28 : Apple is reportedly set to begin iPhone6 production, for which, it has already started placing battery orders.
The iPhone company is rounding on Asia-based supply chain for production of its next-generation smartphone.
Apple has placed orders with Simplo Technology and Desay Battery Technology related to the future iPhone, Cnet reported.
Washington, Mar. 26 - Apple has won another legal bout against Samsung in its ongoing patent row.
The move comes as Tokyo District Court Judge Koji Hasegawa ruled that Apple's iPhone 4S, iPhone 4, and iPad 2 did not infringe on patents held by Samsung related to data communications.
After the ruling, in a statement, Samsung said it will analyze the decision and possibly appeal it, addi The company added that it is disappointed with the court's ruling.
According to CNET, Samsung had argued that the devices were violating its intellectual property and it should be compensated in damages for the alleged infringement.
Washington, March 22 - The bankrupt Japanese Bitcoin exchange Mt. Gox has reportedly said that the company has found nearly a quarter of the bitcoins, previously thought to be lost or stolen, in its disused electronic wallet.
The company located 200,000 bitcoins worth around 485 million dollars in one of its old wallets.
According to the Verge, Mt. Gox said that it now holds approximately 202,000 bitcoins, with 650,000 still missing, warning that the figure missing was still subjected to change along with the suspected reasons for their disappearance.
Washington, March 20 - The ibiboGroup has reportedly acquired India based bus analytics startup YourBus. in.
The company, however, did not disclose the financial terms of the transaction.
A GPS-based bus tracking and analytics platform, YourBus. in provides real-time information to travelers and bus operators.
According to Tech Crunch, the group plans on integrating the YourBus platform with both its existing online travel properties, redBus. in and Goibibo. com, while the YourBus founder and his team will be joining redBus.