Alphabet’s Google faces another antitrust trial beginning Monday in Virginia, one that could conceivably force the company to divest from some of its business interests, this time over its advertising technology. The U.S. Justice Department and a coalition of states contend that Google built and maintains a monopoly over its advertising technology that matches online…
SEOUL—Apple AAPL 1.17%increase; green up pointing triangle says it will soon introduce generative artificial intelligence to its new iPhones. Samsung 005930 0.00%increase; green up pointing triangle Electronics, Apple’s chief smartphone rival, offers clues on how the experience might go. Since January, Samsung has rolled out many of the same AI features that Apple has promised,…
Conservative MP Garnett Genuis says his privilege as a parliamentarian was violated when the Canadian government failed to warn him and other members of a parliamentary alliance that they had been targeted by Chinese-linked hackers. Genius said the FBI told the Inter-Parliamentary Alliance on China (IPAC) that members of IPAC, which has been critical of…
Shares of Broadcom Inc. AVGO, -0.65% gained 0.8% into record territory in premarket trading Monday, after the semiconductor and software company agreed to sell its End-User Computing Division to KKR & Co. Inc. KKR, +0.03% in a deal valued at $4 billion. KKR shares rose 2.3% ahead of the open. The EUC Division. which was…
Lattice Semiconductor Corp.’s LSCC, +1.81% stock declined 8% in after-hours trading Monday after the company posted a decline in quarterly revenue and offered weak sales guidance. Lattice Semiconductor reported fiscal fourth-quarter net income of $98.7 million, or 72 cents a share, compared with net income of $51.9 million, or 38 cents a share, in the…
Cisco Systems Inc. CSCO, +0.36% is planning thousands of job cuts as it restructures its business to focus more on high-growth markets, according to a Reuters report Friday, which cited three people familiar with the matter. The networking giant has a worldwide workforce of 84,900 as of fiscal 2023. Cisco declined comment on the report….
Western Digital Corp.’s WDC, +3.96% stock declined nearly 4% in after-hours trading Thursday after the company posted quarterly results. Western Digital reported a fiscal second-quarter net loss of $268 million, or 87 cents a share, compared with a net loss of $446 million, or $1.40 a share, in the same quarter a year ago. Adjusted…
Updated Jan. 16, 2024 7:06 pm ET The U.S. Supreme Court has turned down Apple’s attempt to appeal a decision in an antitrust case over its App Store, a rejection that could create new options for companies such as Netflix and Spotify to sign up customers. Apple and “Fortnite” developer Epic Games last year separately…
Updated Jan. 16, 2024 4:48 am ET Apple is offering rare discounts in China, including on its latest iPhones, in a bid to beat back growing competition in the high-end market from rivals. The tech giant is running a promotion from Thursday through Sunday in China in which it is cutting the price of iPhones…
Updated Jan. 15, 2024 3:33 pm ET Apple is removing a blood-oxygen sensor from some of its smartwatches to get around a patent dispute related to the technology, a step likely to avoid further sales disruptions but one that may raise questions about the company’s push into health. The company halted sales of some watch…
