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Apple post biggest earnings gain in nearly 2 years

Jul 22, 2014

SAN FRANCISCO (AP) — Apple's growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen.

The latest evidence of Apple's mounting momentum emerged Tuesday with the release of the ...

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Oops! EPA goes off topic, tweets about Kardashian

Jul 22, 2014

WASHINGTON (AP) — The Environmental Protection Agency's fight to clean up water pollution got a splash of pop culture Tuesday, thanks to an Internet flub involving reality TV star Kim Kardashian.

The verified Twitter account for the EPA's Office of Water mistakenly published a message Monday night ...

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Microsoft 4Q earnings come up short on Nokia loss

Jul 22, 2014

REDMOND, Wash. (AP) — Microsoft is reporting fourth-quarter earnings that came in below analyst expectations, as it took a hit from the Nokia devices business that it bought in April.

Net income in the three months through June 30 fell 7 percent to $4.61 billion, or 55 cents per share, from $4.97 ...

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Comcast 2Q earnings top views on Internet hookups

Jul 22, 2014

PHILADELPHIA (AP) — Comcast's second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace and video subscriber losses moderated.

The nation's largest cable provider topped Wall Street estimates and shares edged up in afternoon trading.

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Yahoo buying app and analytics company Flurry

Jul 21, 2014

NEW YORK (AP) — Yahoo says it will buy Flurry Inc., which helps other companies make apps and design mobile ad campaigns.

Yahoo did not disclose how much it will pay for the San Francisco company, which also helps companies analyze the effectiveness of their advertising.

Flurry says its analytics ...

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Verizon launches rewards program with tracking

Jul 21, 2014

By PETER SVENSSON, AP Technology Writer

NEW YORK (AP) — Verizon Wireless is launching a nationwide loyalty program this week for its 100-million-plus subscribers. There's a twist, though: To earn points for every dollar spent, subscribers must consent to have their movements tracked so the company ...

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Amazon rolls out 'Netflix-for-books' style service

Jul 18, 2014

By MAE ANDERSON, AP Business Writer

NEW YORK (AP) — Amazon is rolling out a new subscription service that will allow unlimited access to thousands of electronic books and audiobooks for $9.99 a month in the online giant's latest effort to attract more users.

The largest U.S. e-commerce site said ...

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CEO Whitman takes chairman post at Hewlett-Packard

Jul 17, 2014

PALO ALTO, Calif. (AP) — Hewlett-Packard CEO Meg Whitman is assuming the title of chairman after the departure of interim chairman, Ralph Whitworth, who resigned to deal with health issues.

HP has split the roles of chairman and CEO since Mark Hurd resigned as CEO in 2010. The company has faced ...

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Longtime Apple director steps down from board

Jul 17, 2014

CUPERTINO, Calif. (AP) — One of the most trusted advisers to late Apple CEO Steve Jobs is retiring from the iPhone maker's board of directors.

Bill Campbell's departure after 17 years on Apple Inc.'s board cleared the way for the company to appoint Susan Wagner, a founding partner of money manager ...

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Google's 2Q revenue gains eclipse earnings miss

Jul 17, 2014

By MICHAEL LIEDTKE, AP Technology Writer

SAN FRANCISCO (AP) — Google's earnings rose modestly in the second quarter as the Internet company's expensive ambitions devoured most of a surprisingly strong gain in revenue.

The report released Thursday also showed that Google's advertising prices are still ...

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Facebook tests 'Buy' button

Jul 17, 2014

By MAE ANDERSON, AP Retail Writer

NEW YORK (AP) — Facebook is testing a "Buy" button in its latest effort to help businesses boost their sales through the world's biggest online social network.

The company said in a statement Thursday that the button will let people buy products directly from ...

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New York proposes regulations for virtual currency

Jul 17, 2014

By MICHAEL VIRTANEN, Associated Press

ALBANY, N.Y. (AP) — New York regulators on Thursday proposed establishing rules for firms involved in receiving, transmitting and storing virtual currency, as well as retail conversions.

The proposal by the Department of Financial Services would establish a ...

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Japan approves joint missile study, export to US

Jul 17, 2014

By MARI YAMAGUCHI, Associated Press

TOKYO (AP) — Japan has approved the export of a locally-made component for a missile defense system to the U.S. and is launching joint research with Britain on air-to-air missile technology for fighter jets.

The approval late Thursday marks the first defense ...

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Microsoft to cut up to 18,000 jobs over next year

Jul 17, 2014

REDMOND, Wash. (AP) — Microsoft has announced the biggest layoffs in its history, saying it will cut up to 18,000 jobs or 14 percent of its staff as it works to cut down on management layers and integrate the Nokia cellphone business it bought in April.

The news sent Microsoft's stock up 3 percent ...

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After hybrid success, Toyota gambles on fuel cell

Jul 17, 2014

By YURI KAGEYAMA, AP Business Writer

TOKYO (AP) — Rocket science long dismissed as too impractical and expensive for everyday cars is getting a push into the mainstream by Toyota, the world's top-selling automaker.

Buoyed by its success with electric-gasoline hybrid vehicles, Toyota is betting that ...

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Bitcoin 'mining pool' promises to stay small

Jul 16, 2014

By PETER SVENSSON, AP Technology Writer

NEW YORK (AP) — The largest group of bitcoin miners, which maintains and processes transactions in the digital currency, is promising to avoid majority control of the currency as a temporary measure to maintain the payment system's credibility.

Mining pool ...

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Strong PayPal growth boosts eBay's 2Q profit

Jul 16, 2014

By MAE ANDERSON, Associated Press

NEW YORK (AP) — EBay said Wednesday that its second-quarter net income rose 6 percent, as strong growth from its PayPal payments business offset lower-than-expected revenue that was hampered by a global password reset after a cyberattack.

Investors had been ...

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Apple may refund $400M in digital book settlement

Jul 16, 2014

By MICHAEL LIEDTKE, AP Technology Writer

SAN FRANCISCO (AP) — Apple will refund up to $400 million to consumers ensnared in a plot to raise the prices of digital books unless the company gets a court to overturn a decision affirming its pivotal role in the collusion.

The settlement bill emerged in ...

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Attorney: Prostitute had no reason to kill exec

Jul 16, 2014

By MARTHA MENDOZA, AP National Writer

SANTA CRUZ, Calif. (AP) — A high-priced prostitute accused of abandoning a Google executive after shooting him up with a fatal dose of heroin would never have wanted him to die because he was paying her well, a defense attorney said Wednesday.

"There was no ...

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What happens to your online accounts when you die?

Jul 16, 2014

By ANNE FLAHERTY, Associated Press

WASHINGTON (AP) — You've probably decided who gets the house or that family heirloom up in the attic when you die. But what about your email account and all those photos stored online?

Grieving relatives might want access for sentimental reasons, or to settle ...

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