FRANKFURT (Reuters) - German carmakers BMW, Audi and Mercedes, will pay around 2.5 billion euros ($2.8 billion) to buy Nokia's maps business, beating out high-tech rivals for location services seen as key to the future of self-driving cars.
Germany's three premium carmakers joined forces and will hold equal stakes in the business, known as HERE, clubbing together to keep the assets from falling into the hands of Internet rivals in Silicon Valley or China.
SAN FRANCISCO (Reuters) - Location-tracking devices that communicate with a major satellite network operated by Globalstar Inc can have their transmissions intercepted or mimicked with false data, a U.S. security researcher said on Thursday.
Globalstar, of Covington, Louisiana, has sold hundreds of thousands or millions of the devices, which are widely used for tracking valuable shipments and assets.
WASHINGTON (Reuters) - The FBI is struggling to attract computer scientists to its cybersecurity program mainly due to low pay, a report by the U.S. Department of Justice showed, highlighting weaknesses in a flagship initiative to tackle growing cyber threats.
As of January 2015, The Federal Bureau of Investigation had only hired 52 of the 134 computer scientists it was authorized to employ under the Justice Department's Next Generation Cyber Initiative launched in 2012, the report showed.
PARIS/HELSINKI (Reuters) - Shares in telecom network gear makers Nokia and Alcatel-Lucent jumped on Thursday after both posted strong second-quarter results, giving a positive signal ahead of their pending merger.
Nokia's 15.6 billion euro ($17 billion) acquisition of Alcatel-Lucent announced in mid-April aims to position the company to better compete with market leader Ericsson and low-cost Chinese powerhouse Huawei, by forging a strong number two in mobile with a more complete product line.
WASHINGTON (Reuters) - The No. 2 U.S. wireless carrier AT&T Inc and the biggest satellite-TV provider DirecTV became the country's largest pay-TV company on Friday, completing their $48.5 billion merger after receiving final regulatory approval.
The newly expanded AT&T leapfrogs the biggest U.S. cable company Comcast Corp. The company said it will serve more than 26 million U.S. customers and more than 19 million in Latin America, making it the world's biggest pay-TV company.
(Reuters) - Online content distributor Akamai Technologies Inc forecast third-quarter revenue and profit below estimates, citing a stronger dollar.
Shares of Akamai, which claims to deliver between 15 and 30 percent of all Web traffic, fell as much as 13 percent in after-hours trading on Tuesday.
The company's second-quarter profit fell nearly 8 percent after 11 quarters of growth, as costs rose.
(Reuters) - Amazon.com Inc's shares surged more than 20 percent in early trading on Friday, adding more than $46 billion to the company's market value, after strong growth in the e-commerce giant's cloud business drove a surprise quarterly profit.
The company's market capitalization soared to more than $270 billion, overtaking that of Wal-Mart Stores, the world's biggest retailer.
STOCKHOLM/FRANKFURT (Reuters) - Ericsson, the world's No.1 mobile network equipment maker, topped second-quarter sales and profit forecasts and said its mainstay North American business had stabilized after three quarters of declines, lifting its shares as much as 6 percent.
Mobile operators in North America, which accounts for about a quarter of Ericsson's turnover, have largely finished building out the latest 4G networks, meaning suppliers are having to focus on upgrading congested parts of existing networks there.
(Reuters) - Intel Corp reported better-than-expected quarterly results on Wednesday as growth in its data centers and Internet-of-Things businesses helped offset weak demand for personal computers that use the company's chips.
Shares of the world's largest chipmaker, which also cut its full-year capital expenditure forecast for the second time, rose as much as 9.2 percent after market before paring some of their gains.
HONG KONG (Reuters) - Chinese telecommunications equipment maker ZTE Corp said on Friday it has struck a deal with SoftBank Corp to deploy its "pre-5G" technology in Japan, with a commercial trial to begin early next year.
ZTE has touted its "pre-5G" technology as providing faster speeds on 4G network. It sees it as intermediate step between current 4G technology and 5G, the next generation of networks that the wireless industry is hoping to have up and running by 2020.