Gadgets & Tech Headlines
Costco margin dip overshadows sales beat, shares slide
(Reuters) - Costco Wholesale Corp's
gross margins fell in the first quarter, as the warehouse operator paid higher wages, ramped up investments in its online business and cut prices amid intense competition in the grocery industry.
Evidence of Apple switch ruled inadmissible in Qualcomm antitrust case
(Reuters) - A federal judge on Thursday ruled that evidence provided by chip supplier Qualcomm Inc
that major phone makers like Apple Inc have moved to competing suppliers like Intel Corp cannot be used to fight allegations Qualcomm acted to preserve a monopoly on some mobile phone chips.
UPDATE 2-Instacart, Amazon's Whole Foods relationship to end next year
Dec 13 (Reuters) - Instacart said on Thursday it will stop delivering groceries for Whole Foods next year, ending a partnership that has been under stress since Amazon.com Inc bought the upmarket grocer last year.
Pantera says some tokens in portfolio likely noncompliant with SEC rules
NEW YORK (Reuters) - U.S. blockchain investment firm Pantera Capital said on Thursday approximately a quarter of the fund's capital was invested in projects or digital assets that may not have been compliant with U.S. securities regulations.
Starbucks sales growth to be steady despite UberEats deal, plans for China expansion
(Reuters) - Starbucks Corp
said on Thursday it was partnering with UberEats for delivery from about 3,500 U.S. stores and would nearly double its outlets in China over the next four years, but forecast that same-store sales would remain steady, sending shares down 3 percent.
Adobe's quarterly revenue surges 23 percent
(Reuters) - Adobe Systems Inc on Thursday reported a 22.8 percent rise in quarterly revenue, helped by higher subscriptions for its flagship Creative Cloud suite of software that includes Photoshop.
House Democrats to seek Trump tax returns: Pelosi
WASHINGTON (Reuters) - Democratic leader Nancy Pelosi said on Thursday that members of congress from her party will seek to obtain President Donald Trump's tax returns when they take control of the U.S. House of Representatives in January - a move the White House is likely to strongly resist.
Cryptocurrency project Basis to shut down and return funding to investors
NEW YORK (Reuters) - Basis, a cryptocurrency project that in April announced it had raised $133 million from a slew of high profile investors, said on Thursday that it was shutting down and returning the funds to its backers because of regulatory concerns.
Instacart to close Whole Foods delivery operation next year
(Reuters) - Instacart said on Thursday it will stop delivering groceries for Whole Foods next year, ending a partnership that has been under stress since Amazon.com Inc
acquired the upmarket grocer last year.
YouTube, under pressure for problem content, takes down 58 million videos in quarter
WASHINGTON (Reuters) - YouTube took down more than 58 million videos and 224 million comments during the third quarter based on violations of its policies, the unit of Alphabet Inc's
Google said on Thursday in an effort to demonstrate progress in suppressing problem content.
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