SEATTLE (Reuters) – Amazon.com Inc Chief Executive Officer Jeff Bezos made a splash on Sunday with his radical plan to deliver goods to millions of its customers’ doors by using a fleet of unmanned drones, but the bold vision is not likely to become a reality this decade.
By Bezos’ own admission, the technology that would enable electric-powered ‘octocopters’ to fly to pre-programmed addresses unaided by humans is still early in development, and the United States is not likely to establish rules for civilian unmanned aircraft systems until 2015 at the earliest.
, Nov 19 (Reuters) – Chairman Bill Gates said
on Tuesday he was pleased with Microsoft Corp’s
progress in finding a new chief executive but outlined the
difficulties in picking the next leader of the world’s largest
software company as it seeks to reinvent itself as a mobile
Gates is part of the four-man committee that gave itself a
year to find a successor to Chief Executive Officer Steve
Ballmer after he announced his plan to retire in August. Sources
close to the process have said the search is down to a handful
of candidates, but the company itself has been largely silent.
, Nov 19 (Reuters) – Microsoft Corp
Chairman Bill Gates said on Tuesday he was pleased with the
software company’s progress in finding a new chief executive and
that the search committee had spoken to a number of candidates,
but did not give a date by which he expected a new leader to
replace the retiring Steve Ballmer.
Speaking at Microsoft’s annual shareholder meeting in
Bellevue, Washington, Gates paused briefly and choked up with
emotion as he thanked Ballmer for his work at the company.
NEW YORK/SEATTLE (Reuters) – Boeing Co is set to build key parts of its newest jet, the 777X, in the Seattle area providing Washington state passes legislation extending financial incentives for the plane maker and Boeing machinists approve a long-term work contract.
A provisional agreement between Boeing and its main workers’ union paving the way for a deal was announced by Washington Governor Jay Inslee in Olympia on Tuesday, likely ending one of the most keenly awaited decisions in global aerospace.
By Bill Rigby
(Reuters) – Apple Inc’s profit and margins slid despite selling 33.8 million iPhones in its September quarter, and greater China revenue climbed just 6 percent even though two smartphone models hit store shelves in its second-largest market last month.
The unremarkable quarterly numbers prompted some disappointed investors to cash in recent gains in the stock, which slid 5 percent at one stage after-hours on Monday.
Oct 28 (Reuters) – Apple Inc’s profit and margins
slid despite selling 33.8 million iPhones in its September
quarter, and greater China revenue climbed just 6 percent even
though two smartphone models hit store shelves in its
second-largest market last month.
The unremarkable quarterly numbers prompted some
disappointed investors to cash in recent gains in the stock,
which slid 5 percent at one stage after-hours on Monday.
SEATTLE, Oct 28 (Reuters) – Proxy advisory firm Glass Lewis
has recommended that Microsoft Corp shareholders vote
against the re-election of lead independent director John
Thompson, who is in charge of the company’s efforts to find a
new chief executive.
In a research note circulated to its clients on Monday,
Glass Lewis expressed concerns about a possible conflict of
interests for Thompson in his role as CEO of Virtual
Instruments, a cloud-computing firm that sells licenses and
devices to Microsoft.
By Bill Rigby
(Reuters) – Apple Inc’s iPhone sales and revenue forecasts, due to be released on Monday, may offer clues as to whether its low-cost 5C model missed the mark or whether the world’s largest tech company can continue its run of smash-hit gadgets.
Signs have emerged that demand for the cheaper model is lagging the top-tier iPhone 5S – both of which went on sale in September – because its $100 discount is proving to be insufficient to motivate emerging market and price-conscious customers.
SEATTLE (Reuters) – Microsoft Corp cruised past Wall Street’s quarterly profit and revenue forecasts on Thursday, helped by strong sales of its Office and server software to businesses, sending its shares up 6 percent after hours.
The world’s largest software company is the latest tech firm to surprise investors with a powerful performance, coming the same day as Amazon.com Inc eased past average revenue forecasts.
SEATTLE, Oct 20 (Reuters) – “Big data” means big computers,
and good news for Cray Inc
The pioneer of supercomputers in the 1970s stood on the
brink of obscurity 20 years ago but is now surging back to
prominence. Its shares have almost doubled over the past 12