Today's Top Gadgets & Tech Story

Exclusive: FBI probes hacking of Democratic congressional group - sources

SAN FRANCISCO/WASHINGTON (Reuters) - The FBI is investigating a cyber attack against another U.S. Democratic Party group, which may be related to an earlier hack against the Democratic National Committee, four people familiar with the matter told Reuters. Read More

 

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Exclusive: New York Fed asks Philippines to recover Bangladesh money

DHAKA (Reuters) - The Federal Reserve Bank of New York has asked the Philippines' central bank to help Bangladesh Bank recover the $81 million that was stolen by hackers in February from its account held at the Fed, boosting Dhaka's efforts to retrieve the money. More »

 

Alphabet posts strong revenue on video market, stock surges

(Reuters) - Alphabet Inc, Google's parent, on Thursday revealed that efforts to push its vast advertising business toward mobile is paying off as second quarter earnings handily beat Wall Street's expectations. More »

 

Amazon tops Wall Street targets, lifted by cloud revenue

(Reuters) - Amazon.com Inc posted strong results across its older and newer businesses on Thursday as global Web retail sales and cloud services topped Wall Street targets and the world's largest online merchant forecast revenue would outpace expectations in the current quarter as well. More »

 

Microsoft to cut 2,850 more jobs

(Reuters) - Microsoft Corp said it would cut about 2,850 more jobs over the next 12 months, taking its total planned job cuts to up to 4,700, or about 4 percent of its workforce. More »

 

Panasonic to raise $3.9 billion, partly to finance Tesla plant investment

TOKYO (Reuters) - Japan's Panasonic Corp said on Friday it would raise up to 400 billion yen ($3.86 billion) in corporate bonds, partly because it needs to bring forward its investment in a Tesla Motors Inc battery factory. More »

 

Axa and China's Alibaba enter into global partnership

PARIS (Reuters) - AXA on Friday said it had forged a global partnership with Chinese e-commerce giant Alibaba and its Ant Financial Services unit to distribute the French insurance group's products and expand in China. More »

 

Sony logs 42 percent plunge in first quarter operating profit on quake damage

TOKYO (Reuters) - Japan's Sony Corp <6758.T> on Friday said operating profit fell in its first quarter by 42 percent, less than analysts had estimated, as the electronics maker trimmed the impact of earthquake damage to one of its image sensor factories. More »

 

Sharp first quarter loss shrinks on cost cuts, but revenue plunges by a third

TOKYO (Reuters) - Japanese electronics maker Sharp Corp reported a smaller first-quarter loss helped by restructuring and cost cuts, although revenue shrank by a third as demand for its products slumped. More »

 

Oracle to gain cloud clout with NetSuite deal; Ellison profits

(Reuters) - Oracle Corp said on Thursday it would buy NetSuite Inc for about $9.3 billion, a deal that gives it a bigger share in the fast-growing cloud computing business and also means a big payday for billionaire Larry Ellison. More »

 

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