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Dec 21, 2014

New York cop ‘assassin’ telegraphed intentions on Instagram

SAN FRANCISCO (Reuters) – Popular photo-sharing service Instagram on Saturday took down the account of the man said to be behind the “assassination” of two New York City police officers, after the 28-year-old gunman’s veiled threats and provocative messages went viral in the wake of the execution-style shootings.

Posted just hours before Ismaaiyl Brinsley allegedly walked up to two officers in a parked squad car in Brooklyn and shot them dead, the dark messages again cast a spotlight on the role of social media in spotting and revealing public threats of violence.

Dec 2, 2014

Misfit Wearables raises $40 million from Xiaomi, other Chinese firms

SAN FRANCISCO (Reuters) – Xiaomi Technology Co Ltd XTC.UL and other Chinese companies have joined a $40 million investment in U.S. wearables startup Misfit, the first time the world’s third-biggest smartphone manufacturer has taken a stake in a U.S. mobile-device maker.

Misfit, which claims to make the biggest-selling activity and sleep tracker in China, said on Tuesday it has raised new financing from Xiaomi, e-commerce company JD.com Inc, and venture-capital firms GGV Capital and Shunwei.

Oct 30, 2014

Apple’s Cook: ‘I’m proud to be gay’

By Anya George Tharakan and Edwin Chan

(Reuters) – Apple Inc CEO Tim Cook on Thursday became the most prominent American corporate leader to come out as being gay, saying he was trading off his closely guarded privacy for the chance to help move forward civil rights.

The Alabama native, who has spoken out against discrimination of lesbian, gay, bisexual and transgender (LGBT) people, declared his sexual orientation in a magazine editorial, confirming a fact widely known in the close-knit Silicon Valley tech community but rarely discussed.

Oct 27, 2014

Twitter users and engagement disappoint, shares dive

SAN FRANCISCO (Reuters) – Twitter Inc posted a disappointing 7 percent slide in a closely watched measure of engagement even though its user base grew 23 percent in the third quarter, triggering a more than 9 percent decline in its stock on Monday.

The online messaging service also projected fourth-quarter revenue that may miss Wall Street’s targets.

Oct 27, 2014

Twitter user-engagement falls 7 percent, shares dive

SAN FRANCISCO (Reuters) – Twitter Inc reported a disappointing 7 percent slide in a key measure of engagement by its users in the third quarter, triggering a selloff of more than 9 percent in its stock on Monday.

Some investors had raised fears about declining Twitter usage as other social media and mobile messaging services become more popular. On Monday, the online messaging service also projected fourth-quarter revenue that may miss Wall Street’s heightened expectations.

Oct 20, 2014

Apple beats Street targets on strong iPhone sales

SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) posted a better-than-expected 12 percent jump in revenue after its best new-iPhone launch on record helped push sales of the smartphone to 39.27 million in the September quarter.

That surpassed the roughly 38 million some on Wall Street had expected, and excluded sales in China, its largest market outside of the United States. Chief Financial Officer Luca Maestri said in an interview that the new iPhones, which went on sale last week in China, had already surpassed the previous-generation model in volumes.

Oct 6, 2014

HP faces uphill battle with newly minted PC unit

SEATTLE/SAN FRANCISCO (Reuters) – Hewlett-Packard Co’s (HPQ.N: Quote, Profile, Research, Stock Buzz) Chief Executive Officer Meg Whitman appeared to be banking on growth markets like 3D printing and a trickle back in PC sales when she announced on Monday a spin-off for the company’s computer and printing business. But some on Wall Street are skeptical.

Investors and analysts generally gave a thumbs up on the move to separate HP’s computer and printing business from its corporate hardware and services operations, sending its shares up almost 5 percent. Yet some questioned the move, expressing doubt over whether the newly christened “HP Inc” can break out of what appears to be a terminal slump in desktop computing.

Oct 6, 2014

Hewlett-Packard to split into two public companies, lay off 5,000

By Supantha Mukherjee and Edwin Chan

(Reuters) – Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) said it would split into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and services operations, and eliminate another 5,000 jobs as part of its turnaround plan.

HP said its shareholders would own a stake in both businesses through a tax-free transaction next year, the details of which still needed to be worked out.

Sep 8, 2014

Tinder, former marketing executive settle sexual harassment case

SAN FRANCISCO, Sept 8 (Reuters) – A former executive who
accused popular dating-app company Tinder of sexual harassment
and discrimination has settled her lawsuit with the startup,
ending a dispute that cast a spotlight over the treatment of
women in the technology industry.

Lawyers for the plaintiff, former marketing vice president
Whitney Wolfe, said on Monday the lawsuit had been resolved but
did not provide details.

Sep 3, 2014

Apple says its systems not to blame for celebrity photo breach

SAN FRANCISCO, Sept 2 (Reuters) – The week before a crucial
launch of its new iPhone, Apple Inc said intimate
photos of celebrities including Oscar-winner Jennifer Lawrence
were leaked online through the apparent hacking of individual
iCloud accounts.

Apple rushed to restore confidence in its systems’ security,
saying the celebrity photo scandal that also ensnared swimsuit
model Kate Upton, actress Kirsten Dunst and possibly dozens more
was the result of targeted attacks on accounts storing personal
data and not a direct breach of Apple systems.

    • About Edwin

      "Based in Los Angeles, I oversee company news coverage of much of the U.S. West Coast, including such corporations as Apple, Google and Microsoft. Previously, I was bureau chief for Hong Kong and Shanghai and oversaw coverage for all corporations in China and Hong Kong."
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