Driven by a stabilizing PC market and growth in its data center business, which offers cloud-based software services, Intel Corp reported better-than-expected quarterly revenue and profit.   While revenue from the traditional PC business of the company rose 4.3 percent to reach $9.13...

U.S. President Donald Trump has touted as the ushering in of a golden age for U.S. companies long hobbled by unfair trade deals his move to scrap the Trans-Pacific Partnership (TPP).   However this move has resulted in benefits for an unlikely beneficiary – Hyundai Motor.   Daiwa...

Cisco Systems Inc has been struggling to build its software business as is evident from the company financial reports and internal documents and hence the company’s decision to acquire software startup AppDynamics for $3.7 billion, nearly double the private-market valuation, reflects those...

$70 million has been raised from a number of high-profile investors including actor Ashton Kutcher's investment fund by SentinelOne, a cybersecurity company that detects suspicious behavior of devices in an organization.   The so-called "endpoint security" which refers to the many devices...

Labeling a ten minute sale as the "biggest smartphone sale in the history" of India, Chinese electronics maker Xiaomi claims to have sold 250,000 of its Redmi Note 4 handsets in 10 minutes in the country – one of the fastest growing markets for smarphones in the world.   After it faced a...

In an effort to to find out ways and means to gain avenues of growth beyond its core networking business, Cisco Systems Inc has announced its largest deals of recent years  - as the company has agreed to buy out U.S. business software company AppDynamics Inc for about $3.7 billion.   In...

Allaying some investor concerns that the deal might collapse, Yahoo Inc said that in the second quarter, the sale of its core internet business to Verizon Communications Inc should be completed. The company said this as it reported a better-than-expected quarterly profit and revenue.   The...

Days after the U.S. government accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones, Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc.   For "modem" chips that connect phones to wireless networks,...

As Samsung Electronics Co Ltd pledged to enhance product safety following an investigation into the cause of fires in its premium Note 7 devices, it indicated that its latest flagship Galaxy S smartphone could be delayed.    faulty batteries from two suppliers were to blame for a...

In a bid to dull the blow from a looming multi-billion-dollar writedown on a U.S. nuclear acquisition, Toshiba Corp is looking to sell a minority stake in its core semiconductor business to Western Digital Corp, a source was quoted in the media as saying.   Last month by announcing cost...

In relation to the sale of toxic mortgage securities in the run-up to the 2008 financial crisis, $7.2 billion settlement with the U.S. Department of Justice has been finalized by Deutsche Bank, the government agency announced recently.   The department said in a statement that with relation...